GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED (GMA)
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GMA - GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED

FNArena Sector : Banks
Year End: December
GICS Industry Group : Banks
Index: ASX300 | ALL-ORDS

Genworth Mortgage Insurance is an Australian provider of loan mortgage insurance and risk management. Originally formed in 1965 as a government entity, it became a listed company in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.04

30 Jul
2021

-0.050

OPEN

$2.13

-2.39%

HIGH

$2.13

2,132,238

LOW

$2.03

TARGET
$3.35 64.2% upside
Franking for last dividend paid out: 27%
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FNARENA'S MARKET CONSENSUS FORECASTS
GMA: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 26.1 19.3 xxx
DPS (cps) xxx 0.0 4.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 10.6 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx N/A 23.3% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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: 04/03 - 7.5c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx-26.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx449.1 M
Book Value Per Share xxxxxxxxxxxxxxx336.5
Net Operating Cash Flow xxxxxxxxxxxxxxx296.6 M
Net Profit Margin xxxxxxxxxxxxxxx-23.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

02/07/2021

1

Outperform

$3.35

64.22%

Genworth Mortgage Insurance Australia Ltd has been advised by CommBank ((CBA)) of its intention to tender its LMI contract.

Assuming CommBank represents 57% of group net tangible assets in FY23, Macquarie believes the price for the residual business would be only around 50cps (with a stock price of $2.13).

But regardless of whether Genworth Australia loses the CommBank contact or not, the broker believes the stock is currently being under-priced.

Macquarie's earnings per share forecast changes, up 4.8% in FY21 reflect mark to market.

Outperform maintained. Target is lowered to $3.35 from $3.60 to reflect return on equity being below the cost of capital.

FORECAST
Macquarie forecasts a full year FY21 dividend of 4.50 cents and EPS of 19.30 cents.
Macquarie forecasts a full year FY22 dividend of 11.00 cents and EPS of 21.80 cents.

GMA STOCK CHART