GENERATION DEVELOPMENT GROUP LIMITED (GDG)
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GDG

GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.12
Index: ASX200 | ASX300 | ALL-ORDS

Generation Development Group provides investment bonds, managed accounts, investment research and financial-platform services.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.10

30 Oct
2026

-0.050

OPEN

$3.20

-1.59%

HIGH

$3.20

683,684

LOW

$3.09

TARGET
$5.147 66.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GQG . HMC . HUB . IFT . IRE . KAM . KSL . L1G . MAF . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
GDG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 8.0 12.0 xxx
DPS (cps) xxx 2.0 3.0 xxx
EPS Growth xxx - 31.1% 49.2% xxx
DPS Growth xxx 0.0% 50.0% xxx
PE Ratio xxx N/A 26.2 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 25.0% 25.1% xxx

Dividend yield today if purchased 3 years ago: 1.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.64

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/09 - ex-div 1.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx364.0 M
Book Value Per Share xxxxxxxxxxxxxxx182.9
Net Operating Cash Flow xxxxxxxxxxxxxxx38.6 M
Net Profit Margin xxxxxxxxxxxxxxx8.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx4.46 %
Return on Invested Capital xxxxxxxxxxxxxxx4.31 %
Return on Assets xxxxxxxxxxxxxxx0.50 %
Return on Equity xxxxxxxxxxxxxxx4.46 %
Return on Total Capital xxxxxxxxxxxxxxx51.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx30.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx45 M
Total Debt xxxxxxxxxxxxxxx47 M
Goodwill - Gross xxxxxxxxxxxxxxx517 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx6,244 M
Price To Book Value xxxxxxxxxxxxxxx1.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx7.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.93 %
Cost of Goods Sold xxxxxxxxxxxxxxx59 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-74 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

23/10/2026

1

Overweight

$5.00

(26/10/2026)

61.29%

Morgan Stanley highlights Generation Development's first-quarter FY27 update showed record investment bond sales, supporting management's decision to reinvest in growth.

Generation Life investment bond net inflows rose 55% to $427m, beating consensus of $367m, while funds under management (FUM) reached $6.38bn, the analysts note.

Evidentia managed account net inflows of $1.5bn fell short of consensus at $1.7bn but matched Morgan Stanley's forecast.

The broker notes annualising the quarter's inflows implies a full-year result at the midpoint of management's $5bn-$7bn guidance range.

Target $5.20. Overweight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 4.30 cents and EPS of 11.90 cents.
Morgan Stanley forecasts a full year FY28 dividend of 5.70 cents and EPS of 14.10 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

30/10/2026

1

Buy

$5.91

90.65%

Moelis maintains a Buy rating for Generation Development with a $5.91 target price following its 1Q27 platform, product, and wealth services update.

Investment Bonds sales inflows of $518.4m exceeded Moelis's estimate of $450.0m and consensus of $457.0m, lifting closing funds under management to $6.4bn.

Managed Accounts delivered $1.5bn in net flows, topping Moelis's estimate of $1.3bn and bringing closing funds under management to $41.7bn.

Annuities sales rose 71% on the prior corresponding period to $8.5m over the quarter.

Lonsec Research and Ratings closed the period with 2,055 products researched, up 54 quarter-on-quarter.
Access Extra Coverage Research History >

GDG STOCK CHART

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