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: 16.68
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

$1.815

26 Feb
2026

0.000

OPEN

$1.86

0.000

HIGH

$1.86

371,391

LOW

$1.81

TARGET
$2.71 49.3% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 12.9 18.2 xxx
DPS (cps) xxx 9.1 10.7 xxx
EPS Growth xxx 20.5% 40.9% xxx
DPS Growth xxx 13.7% 17.6% xxx
PE Ratio xxx N/A 9.9 xxx
Dividend Yield xxx N/A 5.9% xxx
Div Pay Ratio(%) xxx 70.4% 58.8% xxx

Dividend yield today if purchased 3 years ago: 5.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.03

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.9
DPS All xxxxxxxxxxxxxxx9.1
Sales/Revenue xxxxxxxxxxxxxxx1,254.7 M
Book Value Per Share xxxxxxxxxxxxxxx82.0
Net Operating Cash Flow xxxxxxxxxxxxxxx43.1 M
Net Profit Margin xxxxxxxxxxxxxxx2.79 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.81 %
Return on Invested Capital xxxxxxxxxxxxxxx1.27 %
Return on Assets xxxxxxxxxxxxxxx0.52 %
Return on Equity xxxxxxxxxxxxxxx16.81 %
Return on Total Capital xxxxxxxxxxxxxxx6.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx20.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2,726 M
Long Term Debt xxxxxxxxxxxxxxx2,891 M
Total Debt xxxxxxxxxxxxxxx5,617 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx224 M
Price To Book Value xxxxxxxxxxxxxxx2.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx5.8 M
Capex % of Sales xxxxxxxxxxxxxxx0.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx843 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx85 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,494 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

19/02/2026

3

Neutral

$2.40

32.23%

Australian Finance Group delivered a sound 1H26 result, with profit up 46% on robust volume growth, margin expansion and benign credit quality, Citi notes.

Momentum is expected to carry into 2H, though the broker highlights prior rate hiking cycles have typically reduced new mortgage flows by around -20%.

Outer-year forecasts for volumes and margins are trimmed, reflecting a weaker earnings recovery than previously assumed and EPS forecasts are lower by  -0.7% for FY26 and FY27-FY28 cut by -10% to -13%.

Citi retains a Neutral rating with the target lowered to $2.40 per share from $2.90, driven by the earnings downgrade and a higher valuation discount to banks.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

AFG STOCK CHART

FNArena News on AFG

1
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
2
FNArena Corporate Results Monitor – 19-02-2026

Feb 19 2026 - Australia
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4
Rudi’s View: A Glass Half-Full Outlook

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5
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia

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