INSIGNIA FINANCIAL LIMITED (IFL)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

IFL - INSIGNIA FINANCIAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 7.78
Index: ASX200 | ASX300 | ALL-ORDS

Insignia Financial, formerly IOOF Holdings, is an Australian finance company providing investment management, superannuation and trustee services. Founded in 1846 as a friendly society, it demutualised in 2002 and listed on the ASX in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.22

20 Nov
2024

-0.040

OPEN

$3.26

-1.23%

HIGH

$3.30

1,412,227

LOW

$3.21

TARGET
$3.045 -5.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
IFL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 27.9 36.6 xxx
DPS (cps) xxx 0.0 7.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 8.6 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx N/A 20.9% 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: 08/03 - ex-div 9.3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-27.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,930.8 M
Book Value Per Share xxxxxxxxxxxxxxx306.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-70.9 M
Net Profit Margin xxxxxxxxxxxxxxx-9.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-8.47 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.01 %
Return on Assets xxxxxxxxxxxxxxx-4.21 %
Return on Equity xxxxxxxxxxxxxxx-8.47 %
Return on Total Capital xxxxxxxxxxxxxxx-0.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-175.7 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 xxxxxxxxxxxxxxx30 M
Long Term Debt xxxxxxxxxxxxxxx888 M
Total Debt xxxxxxxxxxxxxxx918 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx422 M
Price To Book Value xxxxxxxxxxxxxxx0.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.06 %
Cost of Goods Sold xxxxxxxxxxxxxxx696 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,237 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx202 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

-0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$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

3

xxxxxxx

$xx.xx

xx.xx%

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

Morgan Stanley

14/11/2024

5

Underweight

$2.68

-16.77%

Insignia Financial reconfirmed FY25 guidance and outlined management's target for FY28 costs.

The company's aim is to reduce opex to a mid-point of -$800m versus FY25 guidance of -$947m-$952m by FY28, equating to a 30% rise in FY28 earnings if achieved.

The cost-out program is considered "credible" by the broker, but investors will need time to gain confidence, given the company's historical challenges in achieving cost-cutting measures.

Morgan Stanley expects higher leverage in FY25, so no dividend is anticipated in 2H25, with the 1H25 dividend to remain on pause.

The Underweight rating and $2.68 target price remain unchanged. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 36.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 36.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$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

15/11/2024

2

Overweight

$3.35

4.04%

Jarden highlights medium-term growth prospects for Insignia Financial following the company’s Investor Day. Management targets double-digit earnings growth, primarily through cost reductions, aiming to cut net operating expenses by -$150m across FY26-FY30.

Insignia’s strategy focuses on simplifying systems across segments, particularly in the Mastertrust business, to lower costs and improve competitive positioning in Wrap flows and Asset Management, explain the analysts.

The target price increases to $3.35 from $3.25, reflecting Jarden's revised EPS estimates, which indicate potential for over 800bps in earnings (EBITDA) margin expansion if cost targets are met.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 36.00 cents.
Jarden forecasts a full year FY26 dividend of 27.50 cents and EPS of 39.60 cents.
Access Extra Coverage Research History >

IFL STOCK CHART

FNArena News on IFL

1
Australian Broker Call *Extra* Edition – Nov 18, 2024

Nov 18 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 31, 2024

Oct 31 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 25-10-24

Oct 28 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 08, 2024

Oct 08 2024 - Daily Market Reports
5
Rudi’s View: Ten Highflyers With More Upside Potential

Oct 02 2024 - Rudi's View

Latest Wealth Management & Investments News

1
Weekly Update On LICs & LITs – 19-Nov-2024

Nov 19 2024 - Weekly Reports
2
Weekly Update On LICs & LITs – 12-Nov-2024

Nov 12 2024 - Weekly Reports
3
Australian Listed Investment Company Report – Nov 2024

Nov 11 2024 - Australia
4
Weekly Update On LICs & LITs – 05-Nov-2024

Nov 05 2024 - Weekly Reports
5
Weekly Update On LICs & LITs – 29-Oct-2024

Oct 29 2024 - Weekly Reports
6
Weekly Update On LICs & LITs – 22-Oct-2024

Oct 22 2024 - Weekly Reports
7
Weekly Update On LICs & LITs – 15-Oct-2024

Oct 15 2024 - Weekly Reports
8
HMC Capital: More Upside Through Private Credit

Oct 09 2024 - Small Caps
9
Weekly Update On LICs & LITs – 07-Oct-2024

Oct 08 2024 - Weekly Reports
10
Monthly Listed Investment Trust Report – Oct 2024

Oct 07 2024 - Australia