COG FINANCIAL SERVICES LIMITED (COG)
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COG

COG - COG FINANCIAL SERVICES LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 3.75
Index: ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.58

27 Aug
2026

-0.090

OPEN

$1.64

-5.39%

HIGH

$1.67

398,720

LOW

$1.57

TARGET
$2.10 32.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CCV . CGR . EML . EPY . FND . FSA . HUM . JDO . LFS . MME . PGL . PLT . PNC . PPM . QAL . SIV . SVR . TYR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
COG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 11.6 15.7 xxx
DPS (cps) xxx 7.0 7.3 xxx
EPS Growth xxx 23.1% 35.9% xxx
DPS Growth xxx 16.7% 3.8% xxx
PE Ratio xxx N/A 10.0 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 60.4% 46.2% xxx

Dividend yield today if purchased 3 years ago: 5.19%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.46

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: 10/03 - ex-div 3.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx11.6
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx403.4 M
Book Value Per Share xxxxxxxxxxxxxxx73.3
Net Operating Cash Flow xxxxxxxxxxxxxxx82.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx15.72 %
Return on Invested Capital xxxxxxxxxxxxxxx8.21 %
Return on Assets xxxxxxxxxxxxxxx3.37 %
Return on Equity xxxxxxxxxxxxxxx15.72 %
Return on Total Capital xxxxxxxxxxxxxxx12.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.9 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 xxxxxxxxxxxxxxx205 M
Long Term Debt xxxxxxxxxxxxxxx141 M
Total Debt xxxxxxxxxxxxxxx346 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx187 M
Price To Book Value xxxxxxxxxxxxxxx1.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx191 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx140 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

27/08/2026

1

Buy

$2.20

39.24%

COG Financial Services' FY26 EBITDA rose 28% y/y and adjusted EPS of 15.6c increased 27%, beating Ord Minnett's expectations by 8%.

The key driver according to the analyst was Novated Leasing and Salary Packaging, where settlements rose 66% and salary packaging customers increased 31%, with the broker estimating underlying organic EBITDA growth of more than 30% y/y.

The broker views FY27 guidance for more than 10% EBITDA growth as conservative, with upside potential as penetration increases across existing novated leasing contracts and new business converts.

Buy rating retained with a higher target price of $2.20 from $1.87.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 7.50 cents and EPS of 16.50 cents.
Ord Minnett forecasts a full year FY28 dividend of 8.00 cents and EPS of 17.20 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

Shaw and Partners

13/07/2026

1

Buy

$2.30

45.57%

Shaw and Partners maintains a Buy rating for COG Financial Services with its target price reduced to $2.30 to reflect conservative earnings revisions amid persistent macro inflation.

The broker downgraded near-term per-share underlying earnings paths by -1% to -8% across the forecast period to account for higher operational cost replication and increased credit provisioning in the auto lending division.

Strong underlying performance remains intact, the broker comments, driven by structural battery electric vehicle leasing demand expanding amongst middle-class salaried professionals.

The analyst highlights an attractive valuation framework, noting the financial services group trades on a 16% forward free cash flow yield.

Market share gains across novated lease originations and salary packaging accounts provide robust multi-year tailwinds ahead of upcoming regulatory reviews, the report concludes.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 9.20 cents and EPS of 16.30 cents.
Access Extra Coverage Research History >

COG STOCK CHART

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