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

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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

$3.65

30 Dec
2024

-0.040

OPEN

$3.68

-1.08%

HIGH

$3.69

154,291

LOW

$3.58

TARGET
$4.053 11.1% 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 7.9 xxx
DPS (cps) xxx 2.0 2.2 xxx
EPS Growth xxx 29.7% 100.0% xxx
DPS Growth xxx 1.4% 11.5% xxx
PE Ratio xxx N/A 46.4 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 65.5% 28.0% xxx

Dividend yield today if purchased 3 years ago: 1.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.53

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: 08/09 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx109.2 M
Book Value Per Share xxxxxxxxxxxxxxx78.2
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

0.7

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

22/10/2024

1

Buy

$3.90

6.85%

Generation Development reported "excellent" 1Q25 results Ord Minnett states including growth in funds under management of 9% to 10% with bond funds rising 8.7% in the quarter, slightly above the broker's forecast.

Investment bond sales came in $181m above estimates with robust demand. Lonsec also performed well, while LifeIncome annuities experienced a rise of 28% in funds under management.

The broker is forecasting 35% compound average EPS growth over the next two year. EPS estimates are lifted between 2% to 6% for FY25 to FY27.

Buy rating unchanged. Target price lifts to $3.90 from $3.40.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.60 cents and EPS of 7.90 cents.
Ord Minnett forecasts a full year FY26 dividend of 3.30 cents and EPS of 10.30 cents.

Morgans

xx/xx/xxxx

3

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Petra Capital

09/09/2024

1

Buy

$2.95

-19.18%

Petra Capital assesses a "strong" FY24 result for Generation Development driven by a record year for annual Investment Bond sales (now No 1 for market share) and a 76% rise for Lonsec associate income.

Regarding the Investment Bonds, funds under management (FUM) rose by 27% year-on-year to $3.3bn, driven by new sales of $657m and a positive investment experience of $219m, explains the broker. FUM for Lonsec increased by 20%.

Buy rating retained. Target price rises to $2.95 from $2.78.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 2.20 cents and EPS of 7.90 cents.
Petra Capital forecasts a full year FY26 dividend of 2.40 cents and EPS of 10.80 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

FNArena News on GDG

1
Generation Development, The Next Hub24?

Dec 12 2024 - Small Caps
2
Australian Broker Call *Extra* Edition – Oct 23, 2024

Oct 23 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Sep 09, 2024

Sep 09 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 30-08-2024

Aug 30 2024 - Australia

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