IOOF HOLDINGS LIMITED (IFL)
Share Price Analysis and Chart

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IFL - IOOF HOLDINGS LIMITED

Year End: June
GICS Industry Group : Diversified Financials
Index: ASX200 | ASX300 | ALL-ORDS

IOOF Holdings is an Australian finance company providing investment management, superannuation and trustee services. Founded in 1846 as a friendly society, it demutualised in 2002 and listed on the ASX in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.28

03 Mar
2021

-0.040

OPEN

$3.23

-1.20%

HIGH

$3.31

2,557,579

LOW

$3.17

TARGET
$4.55 38.7% upside
Franking for last dividend paid out: 100%
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MARKET CONSENSUS FORECAST
IFL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 42.0 26.2 xxx
DPS (cps) xxx 34.5 18.9 xxx
EPS Growth xxx 100.0% - 37.7% xxx
DPS Growth xxx - 8.0% - 45.3% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 82.1% 72.2% xxx

Dividend yield today if purchased 3 years ago: 3.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

10.52

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: 03/03 - 11.5c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

25/02/2021

-1

No Rating

-

First half net profit was broadly in line with Morgan Stanley's estimates.

Given the large capital raising and potential for cash to be used to fund integration costs onto acquisitions, the broker suspects investors would have found the special dividend surprising. Yet, this could be just a sign of confidence in the balance sheet.

IOOF Holdings is seeking to become the lowest cost retail wealth manager and rebuild its platform and advice divisions. Around $1.1bn from six legacy products will move to be Evolve platform in early 2021.

Morgan Stanley is currently restricted on rating and target. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 14.00 cents and EPS of 22.00 cents.
Morgan Stanley forecasts a full year FY22 dividend of 16.00 cents and EPS of 21.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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IFL STOCK CHART