INSIGNIA FINANCIAL LIMITED (IFL)
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IFL

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

$3.78

05 May
2025

-0.010

OPEN

$3.71

-0.26%

HIGH

$3.83

1,113,104

LOW

$3.74

TARGET
$4.403 16.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
IFL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 27.9 36.4 xxx
DPS (cps) xxx 9.3 1.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 53.0% - 89.2% xxx
PE Ratio xxx N/A 10.8 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx N/A 2.7% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.37

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-27.9
DPS All xxxxxxxxxxxxxxx9.3
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

0.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxx xx xxxx

$xx.xx

xx.xx%

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Citi

24/04/2025

-1

No Rating

-

Citi notes Insignia Financial experienced -$1.75bn in net outflows in the March quarter, reversing $2.28bn of inflows from the December quarter, largely due to a single institutional redemption of $1.8bn.

Funds under management and administration (FUMA) fell -1.5% to $321.8bn, impacted by both market volatility and negative net flows, explains the analyst.

Despite headline deterioration, the broker highlights underlying flows were broadly flat quarter-on-quarter once the large redemption is excluded, supported by strong contributions from the MLC Expand platform and workplace superannuation channel.

Net inflows into MLC Expand totalled $498m, marking a fourth consecutive quarter of growth, though management flagged -$1.4bn in expected outflows from divestments may yet materialise.

Retail multi-asset solutions attracted positive flows, but total asset management saw -$1.5bn in net outflows, mostly from the same institutional client, explains the analyst.

Citi lowers its core EPS forecasts by -2% for FY25 and by -5% for FY26 and FY27. The broker is currently not providing a target or rating.

FORECAST
Citi forecasts a full year FY25 dividend of 3.00 cents and EPS of 37.90 cents.
Citi forecasts a full year FY26 dividend of 10.00 cents and EPS of 39.60 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$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

28/01/2025

2

Overweight

$4.60

21.69%

Against the backdrop of recent interest from Bain Capital and CC Capital, Jarden noted Insignia Financial is beginning to show green
shoots on its turnaround strategy, delivering 2Q25 funds under management 1.5% ahead of expectations.

Platform funds under administration of $231.4bn was $837m above consensus and $418m above Jarden's, reflecting less negative
net flows across both key segments.

The broker has upgraded FY25-26 EPS outlook by 3-4% to reflect an improving net flow outlook across platforms. 

Target price rises to $4.6 from $4.2, which is in line with the increase in indicative offer price from Bain Capital and CC Capital. Overweight rating maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 37.00 cents.
Jarden forecasts a full year FY26 dividend of 28.70 cents and EPS of 41.40 cents.
Access Extra Coverage Research History >

IFL STOCK CHART

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