AUSTRALIAN FINANCE GROUP LIMITED (AFG)
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AFG - AUSTRALIAN FINANCE GROUP LIMITED

FNArena Sector : Banks

Year End: June

GICS Industry Group : Banks

Index: ASX300 | ALL-ORDS

Australian Finance Group is one of Australia's largest mortgage broking groups and financial solutions providers. Established in 1994, it listed on the ASX in 2015.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$2.59 30 Jul 2021	0.010 OPEN $2.64	0.39% HIGH $2.64	403,165 LOW $2.58

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$2.59

30 Jul
2021

0.010

OPEN

$2.64

0.39%

HIGH

$2.64

403,165

LOW

$2.58

TARGET
$3.253 25.6% upside
Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . NAB . SUN . WBC . GMA . MOC . MYS . RMC . VUK .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY19 Actual	FY20 Actual	FY21 Forecast	FY22 Forecast
EPS (cps)	xxx	17.3	15.7	xxx
DPS (cps)	xxx	10.0	13.2	xxx
EPS Growth	xxx	15.6%	- 9.2%	xxx
DPS Growth	xxx	- 3.5%	32.2%	xxx
PE Ratio	xxx	N/A	16.5	xxx
Dividend Yield	xxx	N/A	5.1%	xxx
Div Pay Ratio(%)	xxx	57.6%	83.9%	xxx

Dividend yield today if purchased 3 years ago: 6.32%

DIVIDEND YIELD CALCULATOR

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: 01/03 - 5.9c (100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2021 FactSet UK Limited. All rights reserved

Title	2015	2016	2017	2018	2019	2020
EPS Basic	xxx	xxx	xxx	xxx	xxx	17.3
DPS All	xxx	xxx	xxx	xxx	xxx	10.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	696.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	66.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	41.3 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	5.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Citi	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgans	19/07/2021	1	Add	$3.30	27.41%	Data suggests to Morgans a stronger growth outlook than expected for Australian Finance Group Home Loans (AFGHL), driven by Australian Finance Group Securities (AFGS). The broker increases its forecast for AFGS settlements growth in FY22 to 84% from 41%. Morgans also increases its net interest margin (NIM) forecast for the second half and for FY22, by 2bps and 5bps. This has resulted from the contraction seen in residential mortgage backed securities (RMBS) spreads over the last three months. The broker lifts its target price to $3.30 from $2.90 and maintains its Add rating. FORECAST Morgans forecasts a full year FY21 dividend of 15.00 cents and EPS of 19.00 cents. Morgans forecasts a full year FY22 dividend of 18.00 cents and EPS of 22.00 cents.
Macquarie	xx/xx/xxxx	1	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Citi

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

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

Morgans

19/07/2021

Add

$3.30

27.41%

Data suggests to Morgans a stronger growth outlook than expected for Australian Finance Group Home Loans (AFGHL), driven by Australian Finance Group Securities (AFGS). The broker increases its forecast for AFGS settlements growth in FY22 to 84% from 41%.

Morgans also increases its net interest margin (NIM) forecast for the second half and for FY22, by 2bps and 5bps. This has resulted from the contraction seen in residential mortgage backed securities (RMBS) spreads over the last three months.

The broker lifts its target price to $3.30 from $2.90 and maintains its Add rating.

FORECAST
Morgans forecasts a full year FY21 dividend of 15.00 cents and EPS of 19.00 cents.
Morgans forecasts a full year FY22 dividend of 18.00 cents and EPS of 22.00 cents.

Macquarie

xx/xx/xxxx

xxxxxxxxxx

$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 >

AFG STOCK CHART

FNArena News on AFG

1	Weekly Ratings, Targets, Forecast Changes – 02-04-21 Apr 06 2021 - Weekly Reports

2	FNArena Corporate Results Monitor – 01-03-2021 Mar 01 2021 - Australia

3	The Wrap: Margins, Mortgages & Malls Oct 02 2020 - Weekly Reports

4	Rudi’s View: Plenty Of Clouds, Diverging Scenarios Sep 17 2020 - Rudi's View

5	FNArena Corporate Results Monitor – 31-08-2020 Aug 31 2020 - Australia

Latest Banks News

1	Can Banks Re-Rate Any Time Soon? Jul 27 2021 - Australia

2	ESG Focus: Green Finance Offers Reprieve For Banks Jul 22 2021 - ESG Focus

3	Has The Outlook Improved For Banks? Jul 07 2021 - Australia

4	All The Way With CBA? Jun 09 2021 - Technicals

5	Banks: Has The Narrative Changed? May 19 2021 - Feature Stories

6	Can Westpac Really Meet Its Cost Target? May 04 2021 - Australia

7	Banks’ Best Turnaround Prospect: Bank Of Queensland Apr 21 2021 - Australia

8	Bank Outperformance Ends, But Fear Not Apr 13 2021 - Australia

9	Westpac, The Dud Among Australian Banks? Mar 31 2021 - Australia

10	Australian Banks: Strong Tailwinds Mar 19 2021 - Feature Stories

Dividend Yield Today On Last Actual Payout :	3.84
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

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AUSTRALIAN FINANCE GROUP LIMITED (AFG)
Share Price Analysis and Chart