Financials COG Financial Services Limited

Equities

COG

AU000000COG7

Consumer Lending

Delayed Australian S.E. Other stock markets 01:24:43 2024-05-02 am EDT			5-day change	1st Jan Change
1.19 ^AUD	-0.83%		-4.80%	-16.49%

Apr. 19	COG Financial Services Posts AU$5.8 Million Unaudited Underlying Net Profit	MT
Mar. 01	COG Financial Services Limited cancelled the acquisition of Diverger Limited.	CI

Valuation

Fiscal Period: June	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	128.8	224.6	296.9	263.1	233.8	-	-
Enterprise Value (EV) ¹	128.8	224.6	262	234.9	176.8	148.8	122
P/E ratio	-	-82.8 x	14.5 x	32.4 x	13.4 x	11.2 x	10.1 x
Yield	-	-	5.25%	6.09%	7%	7.38%	8%
Capitalization / Revenue	0.59 x	-	0.93 x	0.72 x	0.47 x	0.45 x	0.43 x
EV / Revenue	0.59 x	-	0.82 x	0.64 x	0.36 x	0.29 x	0.22 x
EV / EBITDA	4.31 x	-	5.11 x	4.45 x	3.58 x	2.8 x	2.12 x
EV / FCF	-	-	-	8.23 x	4.88 x	3.95 x	2.97 x
FCF Yield	-	-	-	12.2%	20.5%	25.3%	33.6%
Price to Book	-	-	1.74 x	1.61 x	4.11 x	3.2 x	2.53 x
Nbr of stocks (in thousands)	134,130	166,346	187,911	190,662	194,859	-	-
Reference price ²	0.9600	1.350	1.580	1.380	1.200	1.200	1.200
Announcement Date	8/20/19	9/1/21	8/25/22	8/24/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	217.2	-	321	366	494.6	519.6	546.1
EBITDA ¹	29.9	-	51.31	52.78	49.44	53.13	57.5
EBIT ¹	23	-	39.35	38.2	39.34	43.24	48.28
Operating Margin	10.59%	-	12.26%	10.44%	7.95%	8.32%	8.84%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	-	-26.38	19.68	8.055	18.14	20.92	23.9
Net margin	-	-	6.13%	2.2%	3.67%	4.03%	4.38%
EPS ²	-	-0.0163	0.1091	0.0426	0.0893	0.1067	0.1194
Free Cash Flow ¹	-	-	-	28.55	36.25	37.65	41.05
FCF margin	-	-	-	7.8%	7.33%	7.25%	7.52%
FCF Conversion (EBITDA)	-	-	-	54.09%	73.31%	70.86%	71.39%
FCF Conversion (Net income)	-	-	-	354.4%	199.83%	179.93%	171.76%
Dividend per Share ²	-	-	0.0830	0.0840	0.0840	0.0885	0.0960
Announcement Date	8/20/19	9/1/21	8/25/22	8/24/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 S1	2022 S2	2024 S1	2024 S2
Net sales	-	-	-	-
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	7.996	-	9.107	-
Net margin	-	-	-	-
EPS	0.0460	-	0.0476	-
Dividend per Share ¹	-	0.0480	-	0.0450
Announcement Date	3/30/22	8/25/22	2/22/24	-

¹AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	34.9	28.2	57	85	112
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	28.5	36.3	37.7	41.1
ROE (net income / shareholders' equity)	-	-	12.2%	7.92%	14.9%	15.8%	16.8%
ROA (Net income/ Total Assets)	-	-	3.96%	2.39%	3.84%	4.39%	4.81%
Assets ¹	-	-	497.5	337.5	472.6	476.8	496.8
Book Value Per Share ²	-	-	0.9100	0.8600	0.2900	0.3700	0.4700
Cash Flow per Share ²	-	-	-	0.1700	0.1700	0.1800	0.1900
Capex ¹	-	-	2.46	3.24	4.18	4.27	4.35
Capex / Sales	-	-	0.77%	0.88%	0.85%	0.82%	0.8%
Announcement Date	8/20/19	9/1/21	8/25/22	8/24/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for COG Financial Services Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.2 AUD

Average target price

1.73 AUD

Spread / Average Target

+44.17%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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