Latitude Group Holdings (ASX:LFS) - Stock Price, News & Analysis

LFS Stock Overview

Operates in digital payments, instalments, and lending business in Australia, New Zealand, and internationally. More details

LFS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Earnings are forecast to grow 101.94% per year

Risk Analysis

Debt is not well covered by operating cash flow

Latitude Group Holdings Limited Competitors

Credit Corp Group

ASX:CCP

AU$1.2b

FleetPartners Group

ASX:FPR

AU$758.1m

Humm Group

ASX:HUM

AU$384.3m

Solvar

ASX:SVR

AU$257.0m

Price History & Performance

Summary of all time highs, changes and price drops for Latitude Group Holdings
Historical stock prices
Current Share Price	AU$1.15
52 Week High	AU$1.18
52 Week Low	AU$1.11
Beta	0.91
11 Month Change	0%
3 Month Change	0%
1 Year Change	-1.29%
33 Year Change	-43.07%
5 Year Change	n/a
Change since IPO	-57.41%

Recent updates

Shareholder Returns

	LFS	AU Consumer Finance	AU Market
7D	0%	-2.2%	1.5%
1Y	-1.3%	109.7%	17.2%

Return vs Industry: LFS underperformed the Australian Consumer Finance industry which returned 109.7% over the past year.

Return vs Market: LFS underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is LFS's price volatile compared to industry and market?
LFS volatility
LFS Average Weekly Movement	1.4%
Consumer Finance Industry Average Movement	5.4%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: LFS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: LFS's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	782	Bob Belan	www.latitudefinancial.com.au

Latitude Group Holdings Limited operates in digital payments, instalments, and lending business in Australia, New Zealand, and internationally. It operates through three segments: Australian and New Zealand Pay, Australia and New Zealand Money, and Other. It provides various lending products comprising latitude loans, personal loans, motor loans, and credit cards.

Latitude Group Holdings Limited Fundamentals Summary

How do Latitude Group Holdings's earnings and revenue compare to its market cap?
LFS fundamental statistics
Market cap	AU$1.20b
Earnings (TTM)	-AU$36.50m
Revenue (TTM)	AU$423.10m

2.8x

P/S Ratio

-32.8x

P/E Ratio

Is LFS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LFS income statement (TTM)
Revenue	AU$423.10m
Cost of Revenue	AU$0
Gross Profit	AU$423.10m
Other Expenses	AU$459.60m
Earnings	-AU$36.50m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.035
Gross Margin	100.00%
Net Profit Margin	-8.63%
Debt/Equity Ratio	478.1%

How did LFS perform over the long term?

See historical performance and comparison

LFS Stock Overview

Rewards

Risk Analysis

Latitude Group Holdings Limited Competitors

ASX:CCP

AU$1.2b

ASX:FPR

AU$758.1m

ASX:HUM

AU$384.3m

ASX:SVR

AU$257.0m

Price History & Performance

Recent News & Updates

Latitude Group Holdings Appoints Stefano Tognon as Interim Chief Financial Officer, Effective 1 January 2025

Latitude Group Holdings Limited Announces Step Down of Aneek Mamik from the Board

Latitude Group Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024

MD, CEO & Director recently sold AU$1.5m worth of stock

Paul Varro to Depart as Chief Financial Officer of Latitude Group Holdings Limited in December 2024

Latitude Group Holdings Limited, Annual General Meeting, Apr 24, 2024

Recent updates

Latitude Group Holdings Appoints Stefano Tognon as Interim Chief Financial Officer, Effective 1 January 2025

Latitude Group Holdings Limited Announces Step Down of Aneek Mamik from the Board

Latitude Group Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024

MD, CEO & Director recently sold AU$1.5m worth of stock

Paul Varro to Depart as Chief Financial Officer of Latitude Group Holdings Limited in December 2024

Latitude Group Holdings Limited, Annual General Meeting, Apr 24, 2024

MD & CEO recently sold AU$1.7m worth of stock

Price target increased by 7.2% to AU$1.00

Latitude Group Holdings Limited to Report Fiscal Year 2023 Results on Feb 23, 2024

High number of new directors

Latitude Group Holdings Limited Director Changes, Effective 16 October 2023

Latitude Group Holdings Limited Reaffirms Earnings Guidance for the Year 2023

Latitude Group Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023

St Andrew's Insurance plc completed the acquisition of Latitude Insurance Holdings Pty. Ltd. from Latitude Group Holdings Limited (ASX:LFS) for AUD 21.3 million.

Price target decreased by 12% to AU$1.00

Consensus EPS estimates increase by 31%

High number of new directors

Consensus EPS estimates increase by 77%

Price target decreased by 19% to AU$1.20

Upcoming dividend of AU$0.04 per share at 6.7% yield

Consensus revenue estimates fall by 10%

Latitude Group Holdings Limited Announces Dividend for the Six Months Period Ended December 31, 2022, Payable on April 24, 2023

Latitude Group Holdings Limited Director Changes

Latitude Group Holdings Limited to Report Fiscal Year 2022 Results on Feb 17, 2023

Latitude Group Holdings Limited Appoints Tiffany Barton as Company Secretary of Latitude with Effect from December 2, 2022

Less than half of directors are independent

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

Latitude Group Holdings Limited Announces Actual Dividend, Payable on 27 January 2023

Latitude Group Holdings Limited Announces Resignation of Adrian Wong as Company Secretary, Effective from 31 October 2022

Latitude Group Holdings Limited Announces Appointment of Julie Raffe as a Non-Executive Board Director

Upcoming dividend of AU$0.079 per share

Consensus revenue estimates fall by 14%

Latitude Group Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2022, Payable on October 26, 2022

St Andrew's Insurance plc entered into an agreement to acquire Latitude Insurance Holdings Pty. Ltd. from Latitude Group Holdings Limited (ASX:LFS) for AUD 20.3 million.

Investor sentiment improved over the past week

Latitude Group Holdings Limited Announces Company Secretary Change

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Less than half of directors are independent

MD, CEO & Director recently bought AU$61k worth of stock

MD, CEO & Director recently bought AU$400k worth of stock

Latitude Group Holdings Limited Estimates Dividend for the Six Months Period Ended December 31, 2021, Payable on April 22, 2022

Latitude Group Holdings Limited Announces Ordinary Distribution for the Quarter Ending April 26, 2022, Payable on April 27, 2022

Latitude Group Holdings Limited (ASX:LFS) signed non binding heads of agreement to acquire Consumer Business from Humm Group Limited (ASX:HUM) for approximately AUD 330 million.

Latitude Group Holdings Limited agreed to acquire Symple Financial Group Limited for AUD 200 million.

Latitude Group Holdings Limited (ASX:LFS) agreed to acquire Symple Loans Pty Ltd for approximately AUD 190 million.

Latitude Group Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Latitude Group Holdings Limited to Declare an Unfranked Dividend for the First Half of Fiscal Year 2021