FlexiGroup Limited provides consumer revolving finance, card, leasing, and rental financing services in Australia, New Zealand, and Ireland.
Undervalued average dividend payer.
Share Price & News
How has FlexiGroup's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FXL's share price has been volatile over the past 3 months.
7 Day Return
AU Consumer Finance
1 Year Return
AU Consumer Finance
Return vs Industry: FXL underperformed the Australian Consumer Finance industry which returned 34.4% over the past year.
Return vs Market: FXL matched the Australian Market which returned 2.9% over the past year.
Price Volatility Vs. Market
How volatile is FlexiGroup's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs FlexiGroup Limited (ASX:FXL) A Good Fit For Your Dividend Portfolio?
1 month ago | Simply Wall StWhat Kind Of Investor Owns Most Of FlexiGroup Limited (ASX:FXL)?
1 month ago | Simply Wall StAt AU$1.89, Is It Time To Put FlexiGroup Limited (ASX:FXL) On Your Watch List?
Is FlexiGroup 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: FXL (A$1.54) is trading below our estimate of fair value (A$1.73)
Significantly Below Fair Value: FXL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FXL is good value based on its PE Ratio (9.7x) compared to the Consumer Finance industry average (14x).
PE vs Market: FXL is good value based on its PE Ratio (9.7x) compared to the Australian market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: FXL is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: FXL is good value based on its PB Ratio (0.9x) compared to the AU Consumer Finance industry average (2x).
How is FlexiGroup forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FXL's forecast earnings growth (15.1% per year) is above the savings rate (1.1%).
Earnings vs Market: FXL's earnings (15.1% per year) are forecast to grow faster than the Australian market (9.7% per year).
High Growth Earnings: FXL's earnings are forecast to grow, but not significantly.
Revenue vs Market: FXL's revenue (12.3% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: FXL's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FXL's Return on Equity is forecast to be low in 3 years time (12%).
How has FlexiGroup performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FXL has high quality earnings.
Growing Profit Margin: FXL's current net profit margins (20.3%) are lower than last year (25.4%).
Past Earnings Growth Analysis
Earnings Trend: FXL's earnings have declined by -11.5% per year over the past 5 years.
Accelerating Growth: FXL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FXL had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Consumer Finance industry average (14.1%).
Return on Equity
High ROE: FXL's Return on Equity (10%) is considered low.
Return on Assets
Return on Capital Employed
How is FlexiGroup'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: FXL has a low level of unsold assets or inventory.
Debt Coverage by Assets: FXL's debt is covered by short term assets (assets are 1.1x debt).
Financial Institutions Analysis
Asset Level: FXL's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FXL has a sufficient allowance for bad loans.
Low Risk Liabilities: FXL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FXL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FXL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FXL has an appropriate level of bad loans.
What is FlexiGroup's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase FlexiGroup before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FXL's dividend (5.02%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).
High Dividend: FXL's dividend (5.02%) is low compared to the top 25% of dividend payers in the Australian market (5.99%).
Stability and Growth of Payments
Stable Dividend: FXL's dividend payments have been volatile in the past 10 years.
Growing Dividend: FXL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.8%), FXL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FXL's dividends in 3 years are forecast to be well covered by earnings (38.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rebecca James 0
Ms. Rebecca James has been the Chief Executive Officer of FlexiGroup Ltd. since October 2, 2018. She served as the Chief Marketing & Enterprise Officer of Prospa Group Limited. Ms. James joined Prospa in 2 ...
CEO Compensation Analysis
Compensation vs Market: Rebecca's total compensation ($USD517.95K) is below average for companies of similar size in the Australian market ($USD740.94K).
Compensation vs Earnings: Insufficient data to compare Rebecca's compensation with company performance.
|Chief Executive Officer||1.3yrs||AU$797.33k||no data|
|Chief Financial Officer||3.1yrs||AU$523.55k||0.0025% A$15.0k|
|Deputy Group CEO & Chief Revenue Officer of New Zealand||0.6yrs||AU$479.19k||no data|
|Chief Revenue Officer (Australia)||0.8yrs||AU$494.15k||no data|
|Group General Counsel and Group Head of Operational Risk & Compliance||2.1yrs||no data||no data|
|Chief People & Culture Officer||0.8yrs||no data||no data|
|Head of Consumer Sales – Major Accounts||0yrs||AU$349.02k||no data|
|Group Head of Product & Innovation||0yrs||no data||no data|
|Chief Credit Officer||1.4yrs||no data||no data|
|Company Secretary||1.3yrs||no data||no data|
Experienced Management: FXL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Independent Non Executive Director||13.6yrs||AU$229.76k||0.070% A$422.7k|
|Deputy Chair of the Board||1.5yrs||AU$246.38k||0.017% A$104.4k|
|Independent Non Executive Director||0.9yrs||AU$33.55k||2.12% A$12.8m|
|Independent Non-Executive Director||3.2yrs||AU$169.72k||0.0060% A$36.2k|
|Independent Non-Executive Director||1.8yrs||AU$165.67k||0.0063% A$38.4k|
Experienced Board: FXL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.
FlexiGroup Limited's company bio, employee growth, exchange listings and data sources
- Name: FlexiGroup Limited
- Ticker: FXL
- Exchange: ASX
- Founded: 1988
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: AU$605.230m
- Shares outstanding: 394.29m
- Website: https://www.flexigroup.com.au
- FlexiGroup Limited
- 179 Elizabeth Street
- Level 7
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FXL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 2006|
|F5L||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2006|
|FXL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Dec 2006|
FlexiGroup Limited provides consumer revolving finance, card, leasing, and rental financing services in Australia, New Zealand, and Ireland. It operates through six segments: NZ Cards, Humm, NZ Leasing, Australia Cards, Consumer Leasing, and Commercial Leasing. The company offers leasing services to consumers, businesses, and corporations; and interest free finance to enable customers to facilitate purchases at participating retailer’s point of sale and online. It also provides no interest ever, vendor finance program, Visa/Mastercard, managed print, lay-by, and other payment solutions to consumers and businesses. The company offers its services under the Humm, Lisa, SmartWay, FlexiWay, FlexiFi, Flexirent, Farmers, Q Card, Flight Centre Mastercard, Oxipay NZ, Flexirent IE, Flexirent NZ, Lombard, Once, Q Card NZ, Skye, and Smartway brands. FlexiGroup Limited was founded in 1988 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/29 10:37|
|End of Day Share Price||2020/02/28 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.