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COG

COG Financial ServicesASX:COG Stock Report

Market Cap

AU$260.1m

7D

-2.2%

1Y

98.5%

Updated

26 Oct, 2021

Data

Company Financials
COG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends2/6

COG Overview

COG Financial Services Limited engages in equipment finance broking and aggregation, and lending activities for business assets in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for COG Financial Services
Historical stock prices
Current Share PriceAU$1.33
52 Week HighAU$0.66
52 Week LowAU$1.51
Beta0.60
1 Month Change-3.62%
3 Month Change-5.67%
1 Year Change98.51%
3 Year Change20.91%
5 Year Change-8.28%
Change since IPO-86.83%

Recent News & Updates

Sep 21
COG Financial Services' (ASX:COG) Upcoming Dividend Will Be Larger Than Last Year's

COG Financial Services' (ASX:COG) Upcoming Dividend Will Be Larger Than Last Year's

COG Financial Services Limited's ( ASX:COG ) dividend will be increasing to AU$0.06 on 22nd of October. This takes the...

Sep 01
COG Financial Services (ASX:COG) Is Increasing Its Dividend To AU$0.06

COG Financial Services (ASX:COG) Is Increasing Its Dividend To AU$0.06

The board of COG Financial Services Limited ( ASX:COG ) has announced that it will be increasing its dividend on the...

Shareholder Returns

COGAU Capital MarketsAU Market
7D-2.2%2.3%0.8%
1Y98.5%29.1%24.4%

Return vs Industry: COG exceeded the Australian Capital Markets industry which returned 29.1% over the past year.

Return vs Market: COG exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is COG's price volatile compared to industry and market?
COG volatility
COG Beta0.60
Industry Beta0.99
Market Beta1

Stable Share Price: COG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: COG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aAndrew Bennetthttps://www.coglimited.com.au

COG Financial Services Limited engages in equipment finance broking and aggregation, and lending activities for business assets in Australia. It also offers IT managed services. The company was formerly known as Consolidated Operations Group Limited and changed its name to COG Financial Services Limited in November 2020.

COG Financial Services Fundamentals Summary

How do COG Financial Services's earnings and revenue compare to its market cap?
COG fundamental statistics
Market CapAU$260.14m
Earnings (TTM)-AU$26.38m
Revenue (TTM)AU$271.68m

1.0x

P/S Ratio

-9.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COG income statement (TTM)
RevenueAU$271.68m
Cost of RevenueAU$109.15m
Gross ProfitAU$162.53m
ExpensesAU$188.91m
Earnings-AU$26.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin59.82%
Net Profit Margin-9.71%
Debt/Equity Ratio114.9%

How did COG perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

-44%

Payout Ratio

Valuation

Is COG Financial Services undervalued compared to its fair value and its price relative to the market?

1.71x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: COG (A$1.33) is trading above our estimate of fair value (A$0.46)

Significantly Below Fair Value: COG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: COG is unprofitable, so we can't compare its PE Ratio to the Australian Capital Markets industry average.

PE vs Market: COG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate COG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: COG is overvalued based on its PB Ratio (1.7x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is COG Financial Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as COG Financial Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has COG Financial Services performed over the past 5 years?

-75.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COG is currently unprofitable.

Growing Profit Margin: COG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COG is unprofitable, and losses have increased over the past 5 years at a rate of 75.9% per year.

Accelerating Growth: Unable to compare COG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: COG is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (12.8%).


Return on Equity

High ROE: COG has a negative Return on Equity (-9.17%), as it is currently unprofitable.


Financial Health

How is COG Financial Services's financial position?


Financial Position Analysis

Short Term Liabilities: COG's short term assets (A$205.7M) do not cover its short term liabilities (A$233.6M).

Long Term Liabilities: COG's short term assets (A$205.7M) exceed its long term liabilities (A$53.4M).


Debt to Equity History and Analysis

Debt Level: COG's debt to equity ratio (114.9%) is considered high.

Reducing Debt: COG's debt to equity ratio has increased from 0.3% to 114.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable COG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: COG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.1% per year.


Dividend

What is COG Financial Services's current dividend yield, its reliability and sustainability?

5.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COG's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: COG's dividend (5.43%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether COG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if COG's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: COG is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Andrew Bennett

2.67yrs

Tenure

AU$565,149

Compensation

Mr. Andrew Bennett has been Group Chief Executive Director of Consolidated Operations Group Ltd since February 2019 and served as its Executive Director since June 4, 2018. Mr. Bennett has experience in th...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD423.65K) is about average for companies of similar size in the Australian market ($USD554.70K).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: COG's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: COG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.4%.


Top Shareholders

Company Information

COG Financial Services Limited's employee growth, exchange listings and data sources


Key Information

  • Name: COG Financial Services Limited
  • Ticker: COG
  • Exchange: ASX
  • Founded: 2002
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: AU$260.139m
  • Shares outstanding: 195.59m
  • Website: https://www.coglimited.com.au

Location

  • COG Financial Services Limited
  • 72 Archer Street
  • Level 1
  • Chatswood
  • New South Wales
  • 2067
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.