CHALLENGER LIMITED (CGF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$10.58

10 Jul
2026

0.080

OPEN

$10.51

0.76%

HIGH

$10.60

875,380

LOW

$10.44

TARGET
$10.17 -3.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CVW . DJW . ENN . GDG . 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
CGF: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 28.0 66.7 xxx
DPS (cps) xxx 29.5 31.2 xxx
EPS Growth xxx 47.5% 100.0% xxx
DPS Growth xxx 11.3% 5.6% xxx
PE Ratio xxx N/A 15.8 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 105.4% 46.7% xxx

Dividend yield today if purchased 3 years ago: 4.47%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.79

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 15.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx28.0
DPS All xxxxxxxxxxxxxxx29.5
Sales/Revenue xxxxxxxxxxxxxxx3,116.1 M
Book Value Per Share xxxxxxxxxxxxxxx563.7
Net Operating Cash Flow xxxxxxxxxxxxxxx399.6 M
Net Profit Margin xxxxxxxxxxxxxxx6.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx4.97 %
Return on Invested Capital xxxxxxxxxxxxxxx3.62 %
Return on Assets xxxxxxxxxxxxxxx0.56 %
Return on Equity xxxxxxxxxxxxxxx4.97 %
Return on Total Capital xxxxxxxxxxxxxxx9.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx208.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx6,936 M
Long Term Debt xxxxxxxxxxxxxxx1,332 M
Total Debt xxxxxxxxxxxxxxx8,268 M
Goodwill - Gross xxxxxxxxxxxxxxx580 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx650 M
Price To Book Value xxxxxxxxxxxxxxx1.43

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx802 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx32,809 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx 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

UBS

19/06/2026

1

Buy

$11.00

3.97%

Challenger's Fidante, a multi-affiliate funds management business, will merge with Channel Capital to create Channel Group, which will have a combined $150bn in assets under  management. Challenger will retain a 45% stake in a more diversified group.

UBS observes this will allow the company to focus squarely on its life division which had stronger growth prospects emerging across retail, institutional and reinsurance channels.

With improving life growth prospects and reduced regulatory capital intensity, the broker continues to envisage compelling value and retains a Buy rating.

In addition to its 45% ownership of Channel Group, Challenger will also receive $172m in cash proceeds and book a $100m pre-tax gain on sale in FY27. Target is raised to $11.00 from $10.20.

FORECAST
UBS forecasts a full year FY26 dividend of 31.00 cents and EPS of 63.00 cents.
UBS forecasts a full year FY27 dividend of 37.00 cents and EPS of 67.00 cents.

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$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

Jarden

08/07/2026

3

Neutral

$9.80

-7.37%

Jarden maintains a Neutral rating for Challenger with its target price increased to $9.80 from $9.20.

The analyst highlights the launch of a $6bn term annuity-backed note program as a strategically significant move to diversify funding channels beyond the constrained retail adviser supply.

This initiative aligns with new capital standards effective 1 July 2026, which enhance the capital efficiency of fixed-income-backed annuities.

While the broker views this diversification positively, it retains a Neutral rating, balancing the strategic benefits against prevailing market conditions.
Access Extra Coverage Research History >

CGF STOCK CHART

FNArena News on CGF

1
Weekly Ratings, Targets, Forecast Changes – 10-07-26

10:00 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 08, 2026

Jul 08 2026 - Daily Market Reports
3
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Jun 22, 2026

Jun 22 2026 - Daily Market Reports
5
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View

Latest Wealth Management & Investments News

1
Netwealth Sacrifices Margin For Growth

Jul 10 2026 - Small Caps
2
Treasure Chest: ASX

Jul 08 2026 - Treasure Chest
3
Weekly Update On LICs & LITs – 07-Jul-2026

Jul 07 2026 - Weekly Reports
4
Weekly Update On LICs & LITs – 30-Jun-2026

Jun 30 2026 - Weekly Reports
5
Weekly Update On LICs & LITs – 22-Jun-2026

Jun 23 2026 - Weekly Reports
6
Weekly Update On LICs & LITs – 15-Jun-2026

Jun 16 2026 - Weekly Reports
7
Downside Risk For SGH

Jun 16 2026 - Technicals
8
Weekly Update On LICs & LITs – 10-Jun-2026

Jun 11 2026 - Weekly Reports
9
Weekly Update On LICs & LITs – 03-Jun-2026

Jun 03 2026 - Weekly Reports
10
CDC, Renewables Power Infratil’s Potential

May 28 2026 - Australia