Credit Corp Group Limited provides debt purchase and collection, and consumer lending services in Australia and the United States.
Average dividend payer with moderate growth potential.
Share Price & News
How has Credit Corp Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CCP has not had significant price volatility in the past 3 months.
7 Day Return
AU Consumer Finance
1 Year Return
AU Consumer Finance
Return vs Industry: CCP exceeded the Australian Consumer Finance industry which returned 66.8% over the past year.
Return vs Market: CCP exceeded the Australian Market which returned 14.6% over the past year.
Price Volatility Vs. Market
How volatile is Credit Corp Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StDoes Credit Corp Group Limited's (ASX:CCP) CEO Pay Matter?
3 weeks ago | Simply Wall StDo Directors Own Credit Corp Group Limited (ASX:CCP) Shares?
1 month ago | Simply Wall StShould Credit Corp Group Limited (ASX:CCP) Be Part Of Your Dividend Portfolio?
Is Credit Corp Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCP (A$37.19) is trading below our estimate of fair value (A$39.4)
Significantly Below Fair Value: CCP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CCP is poor value based on its PE Ratio (26.2x) compared to the Consumer Finance industry average (11.8x).
PE vs Market: CCP is poor value based on its PE Ratio (26.2x) compared to the Australian market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CCP is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: CCP is overvalued based on its PB Ratio (4.2x) compared to the AU Consumer Finance industry average (2.1x).
How is Credit Corp Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCP's forecast earnings growth (13% per year) is above the savings rate (1.1%).
Earnings vs Market: CCP's earnings (13% per year) are forecast to grow faster than the Australian market (9.3% per year).
High Growth Earnings: CCP's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCP's revenue (11.9% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: CCP's revenue (11.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CCP's Return on Equity is forecast to be low in 3 years time (19.5%).
How has Credit Corp Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCP has high quality earnings.
Growing Profit Margin: CCP's current net profit margins (24.8%) are lower than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: CCP's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: CCP's earnings growth over the past year (10.7%) is below its 5-year average (15% per year).
Earnings vs Industry: CCP earnings growth over the past year (10.7%) underperformed the Consumer Finance industry 10.7%.
Return on Equity
High ROE: CCP's Return on Equity (15.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Credit Corp Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CCP has a low level of unsold assets or inventory.
Debt Coverage by Assets: CCP's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: CCP's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CCP has a sufficient allowance for bad loans.
Low Risk Liabilities: CCP reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CCP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CCP has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CCP has an appropriate level of bad loans.
What is Credit Corp Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Credit Corp Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CCP's dividend (1.94%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.29%).
High Dividend: CCP's dividend (1.94%) is low compared to the top 25% of dividend payers in the Australian market (5.35%).
Stability and Growth of Payments
Stable Dividend: CCP's dividends per share have been stable in the past 10 years.
Growing Dividend: CCP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.7%), CCP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CCP's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Beregi 0
Mr. Thomas Beregi, BEc, LLB(Hons), CPA, has been the Chief Executive Officer of Credit Corp Group Limited since October 1, 2008 and has been its Company Secretary since September 21, 2007. Mr. Beregi serve ...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD1.61M) is about average for companies of similar size in the Australian market ($USD1.37M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
|CEO & Company Secretary||11.3yrs||AU$2.42m||0.071% A$1.4m|
|CFO & Company Secretary||9.3yrs||AU$735.97k||0.00052% A$10.6k|
|Chief Operating Officer||14.1yrs||AU$1.38m||0.00052% A$10.6k|
|Chief Information Officer||0yrs||no data||no data|
|Head of Human Resources||0yrs||no data||no data|
|Head of Collections||0yrs||no data||no data|
|Head of Analytics||0yrs||no data||no data|
|Head of Business Services||0yrs||no data||no data|
|Financial Controller||0yrs||no data||no data|
Experienced Management: CCP's management team is seasoned and experienced (11.3 years average tenure).
|Independent Non-Executive Director||10.6yrs||AU$131.40k||0.0091% A$185.9k|
|Independent Non-Executive Director||13.4yrs||AU$120.45k||0.023% A$478.7k|
|Non-Executive Chairman||11.7yrs||AU$260.75k||0.14% A$2.8m|
|Non Executive Director||0.4yrs||no data||0.0082% A$167.3k|
|Independent Non-Executive Director||5.9yrs||AU$120.45k||0.017% A$350.1k|
|Non Executive Director||0.4yrs||no data||0.010% A$206.1k|
Experienced Board: CCP's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CCP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.
Credit Corp Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Credit Corp Group Limited
- Ticker: CCP
- Exchange: ASX
- Founded: 1992
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: AU$2.042b
- Shares outstanding: 54.92m
- Website: https://www.creditcorp.com.au
Number of Employees
- Credit Corp Group Limited
- 201 Kent Street
- Level 15
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCP||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Sep 2000|
|CCP||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Sep 2000|
|2RC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 2000|
Credit Corp Group Limited provides debt purchase and collection, and consumer lending services in Australia and the United States. It operates through three segments: Debt Ledger Purchasing – Australia and New Zealand, Debt Ledger Purchasing – United States, and Consumer Lending – Australia and New Zealand. The company offers debt sale, contingency and agency collection, local government debt recovery, and hardship and insolvency management services, as well as various loan products. It provides financial services under the Wallet Wizard, ClearCash, CarStart Finance, Credit 2U, and CapTrove names. Credit Corp Group Limited was founded in 1992 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 10:35|
|End of Day Share Price||2020/02/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.