GENERATION DEVELOPMENT GROUP LIMITED (GDG)
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GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.02
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.50

22 Sep
2023

-0.040

OPEN

$1.57

-2.60%

HIGH

$1.57

24,677

LOW

$1.50

TARGET
$1.71 14.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . 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
GDG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.4 5.3 xxx
DPS (cps) xxx 2.0 2.0 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 28.6 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 83.7% 38.1% xxx

Dividend yield today if purchased 3 years ago: 2.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.33

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: 08/09 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.4
DPS All xxxxxxxxxxxxxxx2.0
Sales/Revenue xxxxxxxxxxxxxxx58.9 M
Book Value Per Share xxxxxxxxxxxxxxx31.3
Net Operating Cash Flow xxxxxxxxxxxxxxx11.2 M
Net Profit Margin xxxxxxxxxxxxxxx7.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.73 %
Return on Invested Capital xxxxxxxxxxxxxxx7.31 %
Return on Assets xxxxxxxxxxxxxxx0.18 %
Return on Equity xxxxxxxxxxxxxxx7.73 %
Return on Total Capital xxxxxxxxxxxxxxx320.35 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx7.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx4 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,645 M
Price To Book Value xxxxxxxxxxxxxxx4.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-150 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

20/04/2023

1

Buy

$1.90

26.67%

Generation Development's March-quarter update broadly met Shaw and Partners' forecasts, but the broker observes the trading environment remains difficult.

Net flows missed the broker's forecast by roughly -10% given continuing withdrawals and maturities but the broker considers the result to be in line with the experiences of the bulk of rivals. Sales inflows were in line, investment growth was solid and redemptions fell -11%. Total funds under administration met the broker's forecasts.

Shaw and Partners suspects proposed super changes could help the company double funds under management, given it should bode well for Investment Bonds, for which the company leads the market, and the broker expects a material re-rate once the industry stabilises.

Buy High Risk rating and $1.90 target price retained.

FORECAST
Shaw and Partners forecasts a full year FY24 dividend of 2.00 cents and EPS of 5.20 cents.
Access Stockbroker Research History >

GDG STOCK CHART

FNArena News on GDG

1
Australian Broker Call *Extra* Edition – Sep 08, 2023

Sep 08 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 31-08-2023

Aug 31 2023 - Australia
3
Rudi’s View: Fear & Greed (Rinse & Repeat)

Mar 15 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Mar 10, 2023

Mar 10 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 08, 2023

Mar 08 2023 - Daily Market Reports

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