Challenger Future Growth

Future criteria checks 2/6

Challenger's revenue is forecast to decline at 21.9% per annum while its annual earnings are expected to grow at 15.1% per year. EPS is expected to grow by 13.9% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

15.1%

Earnings growth rate

13.9%

EPS growth rate

Diversified Financial earnings growth	12.5%
Revenue growth rate	-21.9%
Future return on equity	11.0%
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Challenger Limited Just Missed Earnings - But Analysts Have Updated Their Models

Aug 18

Recent updates

Challenger Limited's (ASX:CGF) Earnings Are Not Doing Enough For Some Investors

Dec 19

Challenger's (ASX:CGF) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 19

Challenger (ASX:CGF) Has Announced That It Will Be Increasing Its Dividend To A$0.115

Aug 19

Challenger Limited Just Missed Earnings - But Analysts Have Updated Their Models

Aug 18

Are Dividend Investors Getting More Than They Bargained For With Challenger Limited's (ASX:CGF) Dividend?

Mar 28

Insider Buying: The Challenger Limited (ASX:CGF) Independent Non-Executive Director Just Bought AU$67k Worth Of Shares

Mar 02

Challenger Limited (ASX:CGF) Insiders Increased Their Holdings

Feb 14

How Much Did Challenger's(ASX:CGF) Shareholders Earn From Share Price Movements Over The Last Three Years?

Jan 19

What Type Of Shareholders Make Up Challenger Limited's (ASX:CGF) Share Registry?

Dec 15

Earnings and Revenue Growth Forecasts

ASX:CGF - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	1,086	479	621	541	8
6/30/2025	1,010	442	497	459	9
6/30/2024	924	329	470	350	9
12/31/2023	2,966	318	512	518	N/A
9/30/2023	2,670	307	889	896	N/A
6/30/2023	2,373	296	1,266	1,274	N/A
3/31/2023	418	109	1,711	1,717	N/A
12/31/2022	-917	15	2,157	2,161	N/A
9/30/2022	-624	140	2,321	2,324	N/A
6/30/2022	-330	264	2,484	2,487	N/A
3/31/2022	1,592	460	2,777	2,784	N/A
12/31/2021	3,515	656	3,069	3,081	N/A
9/30/2021	3,421	624	2,817	2,829	N/A
6/30/2021	3,326	592	2,564	2,577	N/A
3/31/2021	2,604	89	1,476	1,486	N/A
12/31/2020	1,883	-414	388	394	N/A
9/30/2020	1,848	-415	432	440	N/A
6/30/2020	1,814	-416	476	485	N/A
3/31/2020	2,694	53	695	712	N/A
12/31/2019	3,575	522	914	939	N/A
9/30/2019	3,428	415	753	796	N/A
6/30/2019	3,280	308	592	652	N/A
3/31/2019	2,968	221	1,081	1,159	N/A
12/31/2018	2,655	133	1,570	1,665	N/A
9/30/2018	2,760	228	1,739	1,821	N/A
6/30/2018	2,865	323	1,908	1,977	N/A
3/31/2018	2,997	357	1,752	1,801	N/A
12/31/2017	3,128	392	1,597	1,624	N/A
9/30/2017	3,035	395	N/A	1,611	N/A
6/30/2017	2,941	398	N/A	1,597	N/A
3/31/2017	2,490	346	N/A	1,676	N/A
12/31/2016	2,040	295	N/A	1,755	N/A
9/30/2016	2,039	311	N/A	1,519	N/A
6/30/2016	2,038	328	N/A	1,282	N/A
3/31/2016	2,017	365	N/A	1,049	N/A
12/31/2015	1,996	403	N/A	815	N/A
9/30/2015	1,950	351	N/A	815	N/A
6/30/2015	1,904	299	N/A	816	N/A
3/31/2015	2,094	302	N/A	773	N/A
12/31/2014	2,284	304	N/A	730	N/A
9/30/2014	2,190	323	N/A	438	N/A
6/30/2014	2,096	341	N/A	147	N/A
3/31/2014	1,768	351	N/A	281	N/A
12/31/2013	1,441	361	N/A	415	N/A
9/30/2013	1,582	389	N/A	602	N/A
6/30/2013	1,724	417	N/A	789	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGF's forecast earnings growth (15.1% per year) is above the savings rate (2.2%).

Earnings vs Market: CGF's earnings (15.1% per year) are forecast to grow faster than the Australian market (13.8% per year).

High Growth Earnings: CGF's earnings are forecast to grow, but not significantly.

Revenue vs Market: CGF's revenue is expected to decline over the next 3 years (-21.9% per year).

High Growth Revenue: CGF's revenue is forecast to decline over the next 3 years (-21.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CGF's Return on Equity is forecast to be low in 3 years time (11%).

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Challenger Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%, revenue upgraded

Challenger Limited Just Missed Earnings - But Analysts Have Updated Their Models

Consensus forecasts updated

Consensus forecasts updated

Price target decreased to AU$6.21

Price target decreased to AU$6.23

Recent updates

First half dividend increased to AU$0.13

First half 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%, revenue upgraded

Challenger Limited Declares Interim Dividend for the Six Months Ended 31 December 2023, Payable on 19 March 2024

Challenger Limited's (ASX:CGF) Earnings Are Not Doing Enough For Some Investors

Challenger Limited Announces Quarterly Dividend of One Quarter Ended February 25, 2024, Payable on February 26, 2024

Challenger Limited Appoints Matthew Michelini as Director

Challenger Limited and Challenger Life Company Limited Announce the Appointment of Lisa Gray as Independent Non-Executive Director, Effective 9 November 2023

Challenger Limited Announces Board Changes

Challenger Limited Declares Ordinary Dividend for the Six Months Period Ended 30 June 2023, Payable on 20 September 2023

Upcoming dividend of AU$0.12 per share at 3.6% yield

Challenger's (ASX:CGF) Shareholders Will Receive A Bigger Dividend Than Last Year

New major risk - Financial position

Challenger Limited to Report Fiscal Year 2024 Results on Aug 13, 2024

Full year 2023 earnings released: EPS: AU$0.42 (vs AU$0.38 in FY 2022)

Elanor Investors Limited and Elanor Investment Fund completed the acquisition of Challenger Real Estate from Challenger Limited.

Independent Non-Executive Director recently bought AU$62k worth of stock

Independent Non-Executive Chairman recently bought AU$101k worth of stock

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Challenger Limited Declares Ordinary Dividend for the Six Months Period Ended 31 December 2022, Payable on 21 March 2023

First half 2023 earnings: EPS misses analyst expectations

Now 20% undervalued

Challenger Limited Announces CFO Transition

Heartland Group Holdings Limited (NZSE:HGH) signed a conditional share purchase agreement for the purchase of Challenger Bank Limited from Challenger Limited (ASX:CGF) for AUD 36 million.

Challenger Limited Appoints Mandy Mannix as Chief Executive, Customer, Effective 2 November 2022

Now 21% undervalued after recent price drop

Challenger Limited and Apollo Announces Management Changes

Challenger Limited Announces Ordinary Fully Franked Dividend on CAP NOTE 3-BBSW+4.60% PERP NON-CUM RED T-05-26 Securities for the Quarter Ending November 24, 2022, Payable on November 25, 2022

Upcoming dividend of AU$0.12 per share

Challenger (ASX:CGF) Has Announced That It Will Be Increasing Its Dividend To A$0.115

Full year 2022 earnings: EPS misses analyst expectations

Challenger Limited Just Missed Earnings - But Analysts Have Updated Their Models

Challenger Limited Declares Fully Franked Final FY22 Dividend, Payable on 21 September 2022

Challenger Limited to Report Fiscal Year 2023 Results on Aug 15, 2023

Now 21% undervalued after recent price drop

Challenger Limited Appoints Victor Rodriguez to the Role of Chief Executive, Funds Management, Effective 1 August 2022

Consensus forecasts updated

Now 21% undervalued

Now 21% undervalued after recent price drop

Challenger Limited Announces Quarterly Dividend of CAP NOTE 3-BBSW+4.60% PERP NON-CUM RED T-05-26, Payment Date 25/8/2022

Challenger Limited Announces Dividend for Security Cgfpb - Cap Note 3-Bbsw+4.40% Perp Non-Cum Red T-05-23 for the Quarter Ended August 21, 2022, Payable on August 22, 2022

Challenger Announces New Leadership Structure

Challenger Limited Declares Ordinary Dividend on CGFPA - CNV PREF 3-BBSW+3.40% PERP SUB NON-CUM RED T-05-22 For the Quarter Ending May 24, 2022, Payable on May 25, 2022

Challenger Limited Announces Ordinary Dividend on CGFPB - CAP NOTE 3-BBSW+4.40% PERP NON-CUM RED T-05-23 for the Quarter Ending May 22, 2022, Payable on May 5, 2022

CountPlus Limited (ASX:CUP) acquired Accurium Holdings Pty Ltd from Challenger Limited (ASX:CGF) for $7.737 million.

First half 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Challenger Limited Announces an Interim Dividend for the First Half Ended December 31, 2021, Payable on 22 March 2022

Patrizia AG (XTRA:PAT) completed the acquisition of a 30% stake in Whitehelm Capital from Challenger Limited (ASX:CGF) on February 2, 2022.

VGI Reportedly Ponders Merger Deals

MD, CEO & Director recently sold AU$3.4m worth of stock

Patrizia AG (XTRA:PAT) acquired 30% stake in Whitehelm Capital from Challenger Limited (ASX:CGF) for €32 million.

Upcoming dividend of AU$0.10 per share

Full year 2021 earnings released: EPS AU$0.88 (vs AU$0.68 loss in FY 2020)

Price target decreased to AU$6.21

Challenger Limited Declares Dividend on CGFPA - CNV PREF 3-BBSW+3.40% PERP SUB NON-CUM RED T-05-22 for the Quarter Ending August 24, 2021, Payable on August 25, 2021

Challenger Limited Announces Dividend on CGFPB - CAP NOTE 3-BBSW+4.40% PERP NON-CUM RED T-05-23 for the Quarter Ending August 22, 2021, Payable on August 23, 2021

Challenger Announces Payment of Distribution Distribution, Payable on May 25, 2021

Price target decreased to AU$6.23

Challenger Reaffirms Earning Guidance for the Year 2021

Are Dividend Investors Getting More Than They Bargained For With Challenger Limited's (ASX:CGF) Dividend?

Challenger Limited Announces Executive Changes, Effective on March 15, 2020

Insider Buying: The Challenger Limited (ASX:CGF) Independent Non-Executive Director Just Bought AU$67k Worth Of Shares

Independent Non-Executive Director recently bought AU$67k worth of stock

Challenger Announces Chief Financial Officer Changes

Upcoming Dividend of AU$0.095 Per Share

Challenger Limited (ASX:CGF) Insiders Increased Their Holdings

First half 2021 earnings released: EPS AU$0.33 (vs AU$0.36 in 1H 2020)