CHALLENGER LIMITED (CGF)
Share Price Analysis and Chart

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CGF - CHALLENGER LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Challenger Ltd is an Australian financial company that specialises in superannuation and annuities. It claims to be Australia's largest guaranteed income provider. Founded in 1985 it was listed in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.14

08 Jun
2023

-0.040

OPEN

$6.25

-0.65%

HIGH

$6.26

1,294,687

LOW

$6.11

TARGET
$6.992 13.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IRE . JHG . KAM . KSL . LNK . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
CGF: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 37.5 43.3 xxx
DPS (cps) xxx 23.0 25.0 xxx
EPS Growth xxx - 57.4% 15.3% xxx
DPS Growth xxx 15.0% 8.7% xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 61.3% 57.8% xxx

Dividend yield today if purchased 3 years ago: 4.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.80

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: 24/02 - ex-div 11.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx37.5
DPS All xxxxxxxxxxxxxxx23.0
Sales/Revenue xxxxxxxxxxxxxxx419.5 M
Book Value Per Share xxxxxxxxxxxxxxx586.5
Net Operating Cash Flow xxxxxxxxxxxxxxx2,486.8 M
Net Profit Margin xxxxxxxxxxxxxxx60.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx6.49 %
Return on Invested Capital xxxxxxxxxxxxxxx4.43 %
Return on Assets xxxxxxxxxxxxxxx0.85 %
Return on Equity xxxxxxxxxxxxxxx6.49 %
Return on Total Capital xxxxxxxxxxxxxxx-1.94 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,350.2 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx4,200 M
Long Term Debt xxxxxxxxxxxxxxx1,646 M
Total Debt xxxxxxxxxxxxxxx5,846 M
Goodwill - Gross xxxxxxxxxxxxxxx580 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx733 M
Price To Book Value xxxxxxxxxxxxxxx1.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.69 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx380 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx27,418 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

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

31/05/2023

5

Sell

$6.00

-2.28%

Challenger's investor day revealed a slight lift to profit guidance, while maturities guidance was better than Citi expected.

Maturities are expected to fall to 27% of the un-discounted opening balance in FY24, down from 34%, which suggests to the analyst the back book run-off is slowing.

The broker also highlights wins of mandates and contracts in both businesses, and only a minor immediate negative mark-to-market for property.

Citi retains its Sell rating and believes the biggest current risk is potential downside for the company's investment exposure. Management is targeting a US dollar investment to hedge its exposure. The target rises to $6.00 from $5.90.

FORECAST
Citi forecasts a full year FY23 dividend of 25.50 cents and EPS of 30.60 cents.
Citi forecasts a full year FY24 dividend of 28.00 cents and EPS of 53.20 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

CGF STOCK CHART

FNArena News on CGF

1
Australian Broker Call *Extra* Edition – Jun 05, 2023

Jun 05 2023 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 02-06-23

Jun 05 2023 - Weekly Reports
3
Australian Broker Call *Extra* Edition – May 24, 2023

May 24 2023 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 21-04-23

Apr 24 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 19, 2023

Apr 19 2023 - Daily Market Reports

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