GENERATION DEVELOPMENT GROUP LIMITED (GDG)
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GDG

GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.01
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.28

03 Mar
2025

0.100

OPEN

$5.34

1.93%

HIGH

$5.63

1,710,281

LOW

$5.21

TARGET
$5.617 6.4% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . 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
GDG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 3.0 8.1 xxx
DPS (cps) xxx 1.9 2.2 xxx
EPS Growth xxx 29.7% 100.0% xxx
DPS Growth xxx 1.4% 14.7% xxx
PE Ratio xxx N/A 63.2 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx 65.6% 27.7% xxx

Dividend yield today if purchased 3 years ago: 1.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.38

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: 11/03 - ex-div 1c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx1.9
Sales/Revenue xxxxxxxxxxxxxxx109.2 M
Book Value Per Share xxxxxxxxxxxxxxx77.1
Net Operating Cash Flow xxxxxxxxxxxxxxx20.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.35 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.32 %
Return on Invested Capital xxxxxxxxxxxxxxx4.23 %
Return on Assets xxxxxxxxxxxxxxx0.18 %
Return on Equity xxxxxxxxxxxxxxx4.32 %
Return on Total Capital xxxxxxxxxxxxxxx201.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.4 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,539 M
Price To Book Value xxxxxxxxxxxxxxx3.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx18 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-190 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

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

03/03/2025

1

Buy

$5.80

9.85%

Ord Minnett views Generation Development's 1H25 result was strong, exceeding expectations across revenue, margins, and profit.

Underlying net profit after tax was $12.4m, 12% ahead of forecasts, with Lonsec driving the upside through 10% revenue growth and gross margin expansion to 59.0%. The interim dividend of 1.0cps (100% franked) was in line with expectations.

Ord Minnett raises EPS forecasts by 0-7%, for FY25-FY27, partially offset by a higher tax rate. The target price rises to $5.80 from $4.94.

The broker believes earnings momentum will continue, with the Evidentia acquisition providing further growth opportunities.

EPS is anticipated to grow at a compound average of 44% over the next two years. Buy rating retained. Target rises to $5.80 from $4.94.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.70 cents and EPS of 8.20 cents.
Ord Minnett forecasts a full year FY26 dividend of 6.00 cents and EPS of 12.00 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Moelis

13/02/2025

-1

No Rating

-

Generation Development announced it has entered into a binding agreement to acquire 100% of Evidentia Group Holdings for -$320m, comprising $244.9m cash and $75.1m scrip issued at the $4.15/share. The deal is being funded by $287.9m equity raising.

Moelis notes the acquisition of Evidentia and subsequent merger with Lonsec Investment Solutions will bring together two fastest-growing managed account providers, with a combined $25bn in funds under management. 

The broker is currently restricted on the company after being appointed as a joint-lead manager for its equity raising. No rating or target price.

FORECAST
Moelis forecasts a full year FY25 dividend of 3.20 cents and EPS of 8.00 cents.
Moelis forecasts a full year FY26 dividend of 4.30 cents and EPS of 10.80 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

FNArena News on GDG

1
FNArena Corporate Results Monitor – 03-03-2025

Mar 03 2025 - Australia
2
Australian Broker Call *Extra* Edition – Feb 18, 2025

Feb 18 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 13, 2025

Feb 13 2025 - Daily Market Reports
4
Next Week At A Glance – 10-14 Feb 2025

Feb 07 2025 - Weekly Reports
5
Treasure Chest: Generation Development

Jan 29 2025 - Treasure Chest

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