Credit Corp Group (DB:2RC) - Stock Price, News & Analysis

2RC Stock Overview

Credit Corp Group Limited provides debt ledger purchase and collection, and consumer lending services in Australia and the United States.

About the company

2RC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 39.8% below our estimate of its fair value

Earnings are forecast to grow 25.61% per year

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (13.4%) are lower than last year (22.2%)

Dividend of 4.24% is not well covered by cash flows

Credit Corp Group Limited Competitors

Multitude

XTRA:FRU

€111.1m

MLP

XTRA:MLP

€601.4m

Deutsche Pfandbriefbank

XTRA:PBB

€607.8m

flatexDEGIRO

XTRA:FTK

€1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Credit Corp Group
Historical stock prices
Current Share Price	AU$9.75
52 Week High	AU$14.20
52 Week Low	AU$6.95
Beta	1.82
1 Month Change	-6.25%
3 Month Change	1.56%
1 Year Change	-3.47%
3 Year Change	-49.74%
5 Year Change	-34.38%
Change since IPO	-28.99%

Recent updates

Shareholder Returns

	2RC	DE Consumer Finance	DE Market
7D	-5.3%	-2.1%	-2.5%
1Y	-3.5%	-3.3%	-0.4%

Return vs Industry: 2RC matched the German Consumer Finance industry which returned -3.3% over the past year.

Return vs Market: 2RC underperformed the German Market which returned -0.4% over the past year.

Price Volatility

Is 2RC's price volatile compared to industry and market?
2RC volatility
2RC Average Weekly Movement	5.1%
Consumer Finance Industry Average Movement	5.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	9.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 2RC has not had significant price volatility in the past 3 months.

Volatility Over Time: 2RC's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	2,261	Thomas Beregi	www.creditcorpgroup.com.au

Credit Corp Group Limited provides debt ledger purchase and collection, and consumer lending services in Australia and the United States. The company operates through three segments: Debt Ledger Purchasing – Australia and New Zealand; Debt Ledger Purchasing – United States; and Consumer Lending – Australia, New Zealand and the United States. 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.

Credit Corp Group Limited Fundamentals Summary

How do Credit Corp Group's earnings and revenue compare to its market cap?
2RC fundamental statistics
Market cap	€677.64m
Earnings (TTM)	€28.54m
Revenue (TTM)	€213.67m

23.7x

P/E Ratio

3.2x

P/S Ratio

Is 2RC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2RC income statement (TTM)
Revenue	AU$354.13m
Cost of Revenue	AU$34.66m
Gross Profit	AU$319.47m
Other Expenses	AU$272.17m
Earnings	AU$47.30m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Jul 30, 2024

Earnings per share (EPS)	0.69
Gross Margin	90.21%
Net Profit Margin	13.36%
Debt/Equity Ratio	45.3%

How did 2RC perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

89%

Payout Ratio

2RC Stock Overview

Rewards

Risk Analysis

Credit Corp Group Limited Competitors

XTRA:FRU

€111.1m

XTRA:MLP

€601.4m

XTRA:PBB

€607.8m

XTRA:FTK

€1.1b

Price History & Performance

Recent News & Updates

Upcoming dividend of AU$0.15 per share

First half dividend of AU$0.15 announced

New major risk - Financial position

Credit Corp Group Limited to Report First Half, 2024 Results on Jan 31, 2024

Credit Corp. Group Limited Revises Earnings Guidance for the Year 2024

Credit Corp Group Limited Announces Retirement of Leslie Martin as Non-Executive Director on October 24, 2023

Recent updates

Upcoming dividend of AU$0.15 per share

First half dividend of AU$0.15 announced

New major risk - Financial position

Credit Corp Group Limited to Report First Half, 2024 Results on Jan 31, 2024

Credit Corp. Group Limited Revises Earnings Guidance for the Year 2024

Credit Corp Group Limited Announces Retirement of Leslie Martin as Non-Executive Director on October 24, 2023

Credit Corp Group Limited Announces Retirement of Leslie Martin as Non-Executive Director on October 24, 2023

Upcoming dividend of AU$0.47 per share at 3.3% yield

Investor sentiment deteriorates as stock falls 16%

Credit Corp Group Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on September 29, 2023

Now 21% undervalued

Credit Corp Group Limited Announces Cessation of Richard Thomas as Director

High number of new directors

Upcoming dividend of AU$0.23 per share at 3.2% yield

Now 21% undervalued after recent price drop

Credit Corp Group Limited Provides Earnings Guidance for the Fiscal Year 2023

Credit Corp Group Limited Appoints Lyn McGrath as Non-Executive Director

Credit Corp Group Limited, Annual General Meeting, Oct 24, 2023

Investor sentiment improved over the past week

Credit Corp Group Limited (ASX:CCP) entered into a binding agreement to acquire Collection House Limited (ASX:CLH) for AUD 11 million.

Upcoming dividend of AU$0.36 per share

Credit Corp. Group Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ended June 30, 2022 Payable Date Is September 12, 2022

Credit Corp Group Limited (ASX:CCP) completed the acquisition of New Zealand Ledger Book from Collection House Limited (ASX:CLH) for approximately AUD 12 million.

Credit Corp Group Limited (ASX:CCP) entered into a binding agreement to acquire New Zealand Ledger Book from Collection House Limited (ASX:CLH) for approximately AUD 12 million.

Credit Corp Group Limited (ASX:CCP) entered into a binding agreement to acquire New Zealand Ledger Book from Collection House Limited (ASX:CLH) for approximately AUD 12 million.

Upcoming dividend of AU$0.38 per share

Now 22% undervalued after recent price drop

Credit Corp. Group Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended December 31, 2021, Payable on March 11, 2022

Credit Corp Group Limited (ASX:CCP) completed the acquisition of Assets of the Radio Rentals appliance leasing business from Thorn Group Limited (ASX:TGA).

Credit Corp Group Limited (ASX:CCP) entered into a binding Asset Sale Deed to acquire Assets of the Radio Rentals appliance leasing business from Thorn Group Limited (ASX:TGA) for AUD 60 million.

Upcoming dividend of AU$0.36 per share

Credit Corp Group Limited Announces Resignation of John Nesbitt as Non-Executive Director

Independent Non Executive Director has left the company

Independent Non-Executive Director recently sold €212k worth of stock

Credit Corp Group Limited Announces Executive Changes

New 90-day high: €20.20

Credit Corp Group Limited Revises Earnings Guidance for the Fiscal Year 2021

Credit Corp Group Limited (ASX:CCP) completed the acquisition of Australian Purchased Debt Ledger from Collection House Limited (ASX:CLH).

Credit Corp Group Limited (ASX:CCP) signed binding agreement to acquire Australian Purchased Debt Ledger from Collection House Limited (ASX:CLH) for approximately AUD 160 million.

New 90-day high: €15.50

Credit Corp Group Limited, Annual General Meeting, Nov 04, 2021

New 90-day high: €13.70

New 90-day high: €12.10

Credit Corp Group Limited to Report Fiscal Year 2021 Results on Jul 28, 2021

Shareholder Returns

Price Volatility

About the Company

Credit Corp Group Limited Fundamentals Summary

23.7x

3.2x

Earnings & Revenue

Dividends

4.2%

89%