GENERATION DEVELOPMENT GROUP LIMITED (GDG)
Share Price Analysis and Chart

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GDG - GENERATION DEVELOPMENT GROUP LIMITED

Year End: June
GICS Industry Group : Insurance
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.69

03 Mar
2021

0.000

OPEN

$0.69

0.000

HIGH

$0.70

40,527

LOW

$0.69

TARGET
$0.90 30.4% upside
Franking for last dividend paid out: 0%
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MARKET CONSENSUS FORECAST
GDG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 1.3 1.7 xxx
DPS (cps) xxx 2.0 1.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% - 5.0% xxx
PE Ratio xxx N/A 41.8 xxx
Dividend Yield xxx N/A 2.7% xxx
Div Pay Ratio(%) xxx N/A 111.8% xxx

Dividend yield today if purchased 3 years ago: 1.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.82

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: 10/09 - 1c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Morgans

01/03/2021

1

Add

$0.90

30.43%

The first half result revealed the group’s underlying Investment Bond profit (NPAT) was around 11% above Morgans estimates. Also, Lonsec earnings broadly offset annuity development costs, explains the broker.

Funds under management in the Listed Investments Solutions business (considered the exciting growth component of Lonsec by Morgans) broadly doubled in the six months between June and December 2020.

The analyst lifts FY21 group profit forecasts by 25% (off a low base), on the slightly higher Investment Bond and Lonsec earnings forecasts. The target is increased to $0.90 from $0.871 and the Add rating is unchanged.

FORECAST
Morgans forecasts a full year FY21 dividend of 1.90 cents and EPS of 1.70 cents.
Morgans forecasts a full year FY22 dividend of 2.00 cents and EPS of 1.70 cents.

GDG STOCK CHART