AUSTRALIAN FINANCE GROUP LIMITED (AFG)
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AFG

AFG - AUSTRALIAN FINANCE GROUP LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: 18.88
Index: ASX300 | ALL-ORDS

Australian Finance Group is one of Australia's largest mortgage broking groups and financial solutions providers. Established in 1994, it listed on the ASX in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.59

27 Aug
2026

0.025

OPEN

$1.56

1.60%

HIGH

$1.61

1,055,023

LOW

$1.56

TARGET
$2.04 28.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
AFG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 17.9 20.6 xxx
DPS (cps) xxx 9.5 10.3 xxx
EPS Growth xxx 38.2% 15.3% xxx
DPS Growth xxx 4.4% 8.4% xxx
PE Ratio xxx N/A 7.7 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 53.2% 50.0% xxx

Dividend yield today if purchased 3 years ago: 6.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.03

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: 08/09 - ex-div 5.30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx17.9
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,428.2 M
Book Value Per Share xxxxxxxxxxxxxxx89.8
Net Operating Cash Flow xxxxxxxxxxxxxxx59.5 M
Net Profit Margin xxxxxxxxxxxxxxx3.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx20.89 %
Return on Invested Capital xxxxxxxxxxxxxxx1.40 %
Return on Assets xxxxxxxxxxxxxxx0.61 %
Return on Equity xxxxxxxxxxxxxxx20.89 %
Return on Total Capital xxxxxxxxxxxxxxx5.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx31.4 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 xxxxxxxxxxxxxxx3,661 M
Long Term Debt xxxxxxxxxxxxxxx3,591 M
Total Debt xxxxxxxxxxxxxxx7,252 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx245 M
Price To Book Value xxxxxxxxxxxxxxx1.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx6.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx967 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx89 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7,146 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

21/08/2026

3

Neutral

$1.73

8.81%

Citi highlights from Australian Finance Group's FY26 results increasing income diversity and resilience, though the housing slowdown remains a near-term headwind.

Profit rose 39% on the prior year, partly supported by one-off income, the analyst explains, while new housing flows declined around -16%.

Citi retains its FY27 lodgement forecast for a -15% year-on-year decline and raises FY27-FY28 EPS forecasts by 3%-4% on stronger lending income. Lodgements refers to the value of home-loan applications that AFG's mortgage brokers submit to lenders.

The broker lowers its target to $1.73 from $1.83 and retains a Neutral rating due to lower peer multiples.
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

Jarden

24/08/2026

2

Overweight

$2.10

32.08%

Jarden reiterates its Overweight recommendation for Australian Finance Group with its target price unchanged at $2.10, highlighting home loan applications are contracting following the federal budget.

While lodgements remain vulnerable to broader market conditions, the analyst points to clear structural advantages including the broker channel writing approximately 81% of Australian mortgages.

Borrowers continue turning to this channel as rules shift, supported by an unconstrained non-bank financial institution manufacturing arm in AFG Securities operating outside the Australian Prudential Regulation Authority perimeter.

The broker reduces cash earnings by -4%-8% as net interest margin forecasts trend back towards the guided level of 120 basis points alongside lower commission income resulting from the broader slowdown.
Access Extra Coverage Research History >

AFG STOCK CHART

FNArena News on AFG

1
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 21-08-2026

Aug 21 2026 - Australia
3
Next Week At A Glance 24-28 Aug 2026

Aug 21 2026 - Weekly Reports
4
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jun 29, 2026

Jun 29 2026 - Daily Market Reports

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Jul 30 2026 - Rudi's View
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