CHALLENGER LIMITED (CGF)
Share Price Analysis and Chart

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CGF

CGF - CHALLENGER LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Challenger Ltd is an Australian financial company that specialises in superannuation and annuities. It claims to be Australia's largest guaranteed income provider. Founded in 1985 it was listed in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.30

14 Aug
2025

0.030

OPEN

$8.20

0.36%

HIGH

$8.30

1,246,551

LOW

$8.20

TARGET
$8.623

+0.21 change from previous day

 3.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
CGF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.0 61.5 xxx
DPS (cps) xxx 26.5 29.0 xxx
EPS Growth xxx - 55.0% 100.0% xxx
DPS Growth xxx 10.4% 9.3% xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 139.6% 47.1% xxx

Dividend yield today if purchased 3 years ago: 4.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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: 26/08 - ex-div 13.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx19.0
DPS All xxxxxxxxxxxxxxx26.5
Sales/Revenue xxxxxxxxxxxxxxx2,907.7 M
Book Value Per Share xxxxxxxxxxxxxxx568.0
Net Operating Cash Flow xxxxxxxxxxxxxxx843.7 M
Net Profit Margin xxxxxxxxxxxxxxx4.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.35 %
Return on Invested Capital xxxxxxxxxxxxxxx2.45 %
Return on Assets xxxxxxxxxxxxxxx0.42 %
Return on Equity xxxxxxxxxxxxxxx3.35 %
Return on Total Capital xxxxxxxxxxxxxxx11.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx692.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx5,593 M
Long Term Debt xxxxxxxxxxxxxxx1,532 M
Total Debt xxxxxxxxxxxxxxx7,126 M
Goodwill - Gross xxxxxxxxxxxxxxx580 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx573 M
Price To Book Value xxxxxxxxxxxxxxx1.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.07 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx828 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx31,000 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

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

09/07/2025

1

Outperform

$9.30

12.05%

Macquarie details an estimated increase in Challenger's 4Q25 credit spreads for its portfolio by around 13bps on falling investment yields and highlights that changes in spreads only impact new business.

Challenger offered annuity rates of 4.1%/4.3% across 3-year/5-year tenors, with the premium over major banks' deposit rates for the same tenors shrinking by around -9bps.

The analyst points to adviser portal visits being down around -48% in 4Q25 compared to a year earlier, which infers potential downside risks to 2H25, given the positive link between web visits and retail fixed-term sales.

Macquarie points to a potential capital return announcement at the August 19 FY25 results, following APRA's new capital standards effective July 1.

The analyst tweaks EPS estimate by 0.6% for FY25 and lowers FY26 by -4.3% due to mark-to-market impacts on the investment portfolio.

Target price is raised to $9.30 from $7 due to a lower share count at the end of the $750m buy-back from 1H27. No change to Outperform rating.

FORECAST
Macquarie forecasts a full year FY25 dividend of 29.00 cents and EPS of 59.00 cents.
Macquarie forecasts a full year FY26 dividend of 30.00 cents and EPS of 60.10 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx 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

Jarden

07/07/2025

2

Overweight

$8.70

4.82%

Jarden marked-to-market investment movements for insurance and wealth stocks for the June quarter, noting a fall in risk-free rates, a strong rebound in global equities, USD depreciation and credit spread compression.

The broker believes Challenger offers compelling value at current levels, with further support to come from capital changes.

EPS forecast for FY25 lifted by 1.2% and by 4.3% for FY26.

Overweight. Target rises to $8.70 from $7.50.

FORECAST
Jarden forecasts a full year FY25 dividend of 26.10 cents and EPS of 60.20 cents.
Jarden forecasts a full year FY26 dividend of 27.40 cents and EPS of 64.70 cents.
Access Extra Coverage Research History >

CGF STOCK CHART

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