GENERATION DEVELOPMENT GROUP LIMITED (GDG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$3.25

27 Aug
2026

-0.590

OPEN

$3.69

-15.36%

HIGH

$3.69

10,080,789

LOW

$3.11

TARGET
$5.547 70.7% 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 . MAF . MFG . 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 12.5 xxx
DPS (cps) xxx 0.0 3.0 xxx
EPS Growth xxx - 31.1% 55.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 25.7 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx N/A 24.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 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 xxxxxxxxxxxxxxx0.0
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%

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

Citi

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

Morgan Stanley

28/08/2026

1

Overweight

$5.20

60.00%

Morgan Stanley retains an Overweight rating and In-line Industry View for Generation Development with its target price decreased to $5.20 from $6.10 following an FY26 result featuring elevated tax rates alongside reporting structure adjustments.

The business shifted a $13.5m life income tax benefit above the EBITDA line into revenue and outlined expectations for 26% growth in operating expenses to fund near-term expansion.

Management projects GenLife funds under management will grow between $150m and $200m per month during FY27 amid accelerating application volumes.

The analyst lowers FY27 earnings per share estimates by 10% to account for deferred operating leverage caused by this growth reinvestment.

The broker views the structural tailwinds in investment bonds as highly supportive, noting the enterprise captured 59% of recent market inflows.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 4.30 cents and EPS of 12.20 cents.
Morgan Stanley forecasts a full year FY28 dividend of 5.70 cents and EPS of 14.20 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

Ord Minnett

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

Moelis

30/08/2026

1

Buy

$6.21

91.08%

Moelis retains a Buy rating for Generation Development with its target price decreased to $6.21 from $6.96 following an FY26 result featuring a group NPAT of $40.7m.

The analyst notes earnings per share estimate revisions largely stem from a lower group net tax benefit alongside higher tax expenses.

Management flagged material cost investment in FY27, adding approximately $30m to the cost base primarily across Investment Bonds and Evidentia.

The broker assumes $1.9bn in sales inflows for Investment Bonds and $6.3bn in net flows for Managed Accounts during FY27.

Significant structural tailwinds will likely drive continued flows and subsequent margin performance across the forecast period, commentary concludes.

FORECAST
Moelis forecasts a full year FY27 dividend of 2.00 cents and EPS of 12.10 cents.
Moelis forecasts a full year FY28 dividend of 2.00 cents and EPS of 14.90 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

FNArena News on GDG

1
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
2
Rudi’s View: Final Preparations For August

Aug 05 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 27, 2026

Jul 27 2026 - Daily Market Reports
4
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
5
Rudi’s View: July’s Stock Pickers’ Favourites

Jul 09 2026 - Rudi's View

Latest Wealth Management & Investments News

1
Weekly Update On LICs & LITs – 25-Aug-2026

Aug 25 2026 - Weekly Reports
2
Weekly Update On LICs & LITs – 18-Aug-2026

Aug 18 2026 - Weekly Reports
3
Pinnacle’s FY26 ‘Messy’ But Positive

Aug 07 2026 - Australia
4
Weekly Update On LICs & LITs – 04-Aug-2026

Aug 04 2026 - Weekly Reports
5
Monthly Listed Investment Trust Report – Jul 2026

Aug 03 2026 - Australia
6
AI To Transform Asset Management

Jul 29 2026 - International
7
Weekly Update On LICs & LITs – 28-Jul-2026

Jul 28 2026 - Weekly Reports
8
Navigator Builds Momentum Into FY27

Jul 24 2026 - Small Caps
9
Weekly Update On LICs & LITs – 21-Jul-2026

Jul 21 2026 - Weekly Reports
10
Weekly Update On LICs & LITs – 14-Jul-2026

Jul 14 2026 - Weekly Reports