CREDIT CORP GROUP LIMITED (CCP)
Share Price Analysis and Chart

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CCP - CREDIT CORP GROUP LIMITED

FNArena Sector : Business & Consumer Credit
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 1.7
Index: ASX200 | ASX300 | ALL-ORDS

Credit Corp is an Australian company that purchases and collects debt ledgers in Australia, New Zealand and the US. It also provides online consumer finance. Founded in 1992, it listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.15

22 Sep
2023

0.150

OPEN

$19.59

0.75%

HIGH

$20.14

118,804

LOW

$19.34

TARGET
$21.733 7.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BTN . CGR . CRD . EML . EPY . FSA . HUM . IOU . JDO . LFS . MME . PGL . PLT . PPM . QAL . SIV . SMP . SPT . SQ2 . SVR . TGA . TYR . WZR . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
CCP: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 134.2 139.5 xxx
DPS (cps) xxx 70.0 71.9 xxx
EPS Growth xxx - 9.9% 4.0% xxx
DPS Growth xxx - 5.4% 2.8% xxx
PE Ratio xxx N/A 14.4 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 52.2% 51.6% xxx

Dividend yield today if purchased 3 years ago: 4.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.47

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: 18/09 - ex-div 47c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx134.2
DPS All xxxxxxxxxxxxxxx70.0
Sales/Revenue xxxxxxxxxxxxxxx473.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,200.9
Net Operating Cash Flow xxxxxxxxxxxxxxx63.6 M
Net Profit Margin xxxxxxxxxxxxxxx19.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.71 %
Return on Invested Capital xxxxxxxxxxxxxxx8.93 %
Return on Assets xxxxxxxxxxxxxxx8.21 %
Return on Equity xxxxxxxxxxxxxxx11.71 %
Return on Total Capital xxxxxxxxxxxxxxx12.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx22.2 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx335 M
Total Debt xxxxxxxxxxxxxxx342 M
Goodwill - Gross xxxxxxxxxxxxxxx15 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx59 M
Price To Book Value xxxxxxxxxxxxxxx1.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx59 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx225 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx118 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

0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

02/08/2023

3

Hold

$22.50

11.66%

Credit Corp's decline in FY23 net profit was slightly worse than Ord Minnett expected, largely because of higher expenses. The broker expects earnings will trough in FY24 but it appears the market had anticipated a rebound as the share price has dropped around -13%.

Ord Minnett expects US debt ledger business will grow earnings, albeit with declining profitability. While consumer lending EBITDA grew at 32% compound over the past three years, the broker expects a moderation to around 8% per year over the next five years.

Hold rating. The target is reduced to $22.50 from $24.00.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 70.80 cents and EPS of 128.60 cents.
Ord Minnett forecasts a full year FY25 dividend of 76.00 cents and EPS of 138.10 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

CCP STOCK CHART

FNArena News on CCP

1
The Short Report – 10 Aug 2023

Aug 10 2023 - Weekly Reports
2
Rudi’s View: Helia, Hub24, Judo, QBE, ResMed, Santos, Telstra & Xero

Aug 09 2023 - Rudi's View
3
FNArena Corporate Results Monitor – 04-08-2023

Aug 04 2023 - Australia
4
The Short Report – 03 Aug 2023

Aug 03 2023 - Weekly Reports
5
Rudi’s View: Awaiting The August Verdict

Aug 02 2023 - Rudi's View

Latest Business & Consumer Credit News

1
BNPL To Be Regulated In Australia

Jun 01 2023 - Australia
2
Tyro Payments Doubles Down On Savings

Oct 12 2022 - Small Caps
3
Block Still Paying For Afterpay Acquisition

Aug 11 2022 - Australia
4
Judo Capital Confident in Rates Leverage

Jul 06 2022 - Australia
5
Are Tyro Payments Shares In The Buy-Zone?

Mar 17 2022 - Australia
6
Credit Corp Punching Above Its Weight In US

Feb 04 2022 - Australia
7
In Brief: Omicron Impacts Economy, BNPL Slows

Jan 14 2022 - Weekly Reports
8
Treasure Chest: EML Payments

Nov 25 2021 - Treasure Chest
9
Credit Corp Diversifying Earnings Streams

Nov 09 2021 - Australia
10
Humm Group Brimming With Confidence

Oct 29 2021 - Australia