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: 0.02
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.03

14 Jan
2026

-0.020

OPEN

$6.05

-0.33%

HIGH

$6.05

1,080,010

LOW

$5.92

TARGET
$7.622

-0.03 change from previous day

 26.4% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
GDG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 11.6 11.0 xxx
DPS (cps) xxx 2.0 2.5 xxx
EPS Growth xxx 100.0% - 5.8% xxx
DPS Growth xxx 2.7% 26.2% xxx
PE Ratio xxx N/A 54.0 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx 17.2% 23.1% xxx

Dividend yield today if purchased 3 years ago: 1.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.34

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: 05/09 - ex-div 1.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx11.6
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx219.5 M
Book Value Per Share xxxxxxxxxxxxxxx178.3
Net Operating Cash Flow xxxxxxxxxxxxxxx21.9 M
Net Profit Margin xxxxxxxxxxxxxxx17.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.39 %
Return on Invested Capital xxxxxxxxxxxxxxx8.32 %
Return on Assets xxxxxxxxxxxxxxx0.83 %
Return on Equity xxxxxxxxxxxxxxx8.39 %
Return on Total Capital xxxxxxxxxxxxxxx79.04 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx12.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx7 M
Goodwill - Gross xxxxxxxxxxxxxxx577 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4,661 M
Price To Book Value xxxxxxxxxxxxxxx3.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx4.1 M
Capex % of Sales xxxxxxxxxxxxxxx1.89 %
Cost of Goods Sold xxxxxxxxxxxxxxx40 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-185 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

0.9

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

13/11/2025

1

Buy

$8.40

39.30%

Bell Potter came away from Generation Development's Investor Day impressed by the executive team.

Management outlined some high targets around growth, with the blueprint as described by the broker for Evidentia by FY28 enough to push Generation Development's PEG ratio to around 1x. It includes FUM of $65-75bn (consensus at $64bn) and over 50% earnings (EBITDA) margins.

A doubling of its business consulting capacity was flagged, including the acquisition of Encore Advisory. Management accounts are trending with 60% uptake, but only represent 16% of assets under advice.

Target for lifetime annuities is $1bn by FY28, which Bell Potter views as ambitious, but neither are the possible catalysts to achieve this priced in.

No change to Buy rating and $8.40 target price, with no revisions to the analyst's earnings forecasts.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 2.00 cents and EPS of 10.80 cents.
Bell Potter forecasts a full year FY27 dividend of 2.00 cents and EPS of 15.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

1

xxx

$xx.xx

xx.xx%

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Moelis

12/11/2025

1

Buy

$8.45

40.13%

Generation Development reinforced a robust performance-related culture at its Investor Day while outlining medium-term growth targets for three to five years across the three pillars of its business.

Moelis notes Evidentia Group has over $75bn in FUM, with the broker forecasting $70bn in FUM by FY28.

Generation Life bonds at $10bn in FUM outperformed the analyst's forecast of $8.2bn, and Lifetime annuities FUM of $1bn compared to the analyst's estimate of $0.8bn, with Lonsec offering over 2,500 products researched or rated.

No changes to the broker's earnings estimates, which were updated at its 1Q26 update.

Buy rating retained. Target rises to $8.45 from $8.44.

FORECAST
Moelis forecasts a full year FY26 dividend of 2.00 cents and EPS of 10.20 cents.
Moelis forecasts a full year FY27 dividend of 2.00 cents and EPS of 14.70 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

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