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

$1.86

16 May
2022

0.020

OPEN

$1.90

1.09%

HIGH

$1.90

472,071

LOW

$1.84

TARGET
$2.88 54.8% 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
AFG: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx 19.1 21.1 xxx
DPS (cps) xxx 13.3 14.8 xxx
EPS Growth xxx 10.5% 10.4% xxx
DPS Growth xxx 33.6% 11.5% xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A N/A xxx
Div Pay Ratio(%) xxx 69.6% 70.3% xxx

Dividend yield today if purchased 3 years ago: 11.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.04

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: 07/03 - ex-div 7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx19.1
DPS All xxxxxxxxxxxxxxx13.3
Sales/Revenue xxxxxxxxxxxxxxx761.5 M
Book Value Per Share xxxxxxxxxxxxxxx75.6
Net Operating Cash Flow xxxxxxxxxxxxxxx59.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.74 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx26.92 %
Return on Invested Capital xxxxxxxxxxxxxxx3.00 %
Return on Assets xxxxxxxxxxxxxxx1.16 %
Return on Equity xxxxxxxxxxxxxxx26.92 %
Return on Total Capital xxxxxxxxxxxxxxx3.31 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx30.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

28/02/2022

1

Buy

$3.20

72.04%

Australian Finance Group delivered a 4% beat to Citi's forecast in the first half. The broker is predicting the company can deliver full year net profit of $63.1m, almost double that achieved in 2019 when the current bull market cycle began. 

The broker warns of cash rate rises, expecting only modest profit compound annual growth rate of 7% in 2023-24 as mortgage demand slows, but notes the structure and diversity of the company makes it better suited to weather a bear cycle than previously. 

The Buy rating is retained and the target price decreases to $3.20 from $3.60.

FORECAST
Citi forecasts a full year FY22 dividend of 13.30 cents and EPS of 18.90 cents.
Citi forecasts a full year FY23 dividend of 14.80 cents and EPS of 23.10 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

AFG STOCK CHART

FNArena News on AFG

1
FNArena Corporate Results Monitor – 28-02-2022

Feb 28 2022 - Australia
2
Rudi’s View: February Looks Tricky

Feb 03 2022 - Rudi's View
3
In Brief: Banks, Building Products, Gaming & Non-Bank Lenders

Jan 28 2022 - Weekly Reports
4
The Wrap: Fund Managers, Lockdown Habits, Gas & Banks And Bond Yields

Nov 12 2021 - Weekly Reports
5
Rudi’s View: BHP, Codan, Macquarie, Santos And QBE

Oct 14 2021 - Rudi's View

Latest Banks News

1
Only Ambidextrous Banks Will Survive The Age Of Disruption

May 02 2022 - Book Reviews
2
Synergies to Support Bank of Queensland

Apr 21 2022 - Australia
3
Commonwealth Bank: Upside Limited

Mar 23 2022 - Technicals
4
Australian Banks: Of Rates And War

Mar 10 2022 - Feature Stories
5
In Brief: Banks, Healthcare & Classifieds Opportunity

Jan 21 2022 - Weekly Reports
6
APRA To Stem House Price Momentum

Nov 25 2021 - Australia
7
Rudi’s View: The Secret Ingredient

Nov 25 2021 - Rudi's View
8
Australian Banks: Worse Before Things Get Better

Nov 24 2021 - Feature Stories
9
CBA: Oh How The Mighty Have Fallen

Nov 18 2021 - Australia
10
Business Recovery Augurs Well For NAB

Nov 11 2021 - Australia