Close Brothers Group Future Growth

Future criteria checks 2/6

Close Brothers Group's revenue is forecast to decline at 2% per annum while its annual earnings are expected to grow at 16% per year. EPS is expected to grow by 30.3% per annum. Return on equity is forecast to be 8% in 3 years.

Key information

16.0%

Earnings growth rate

30.3%

EPS growth rate

Banks earnings growth	2.2%
Revenue growth rate	-2.0%
Future return on equity	8.0%
Analyst coverage	Good
Last updated	22 Nov 2024

Recent future growth updates

Recent updates

Close Brothers Group (LON:CBG) Is Increasing Its Dividend To £0.45

Oct 13

Close Brothers Group (LON:CBG) Is Increasing Its Dividend To £0.225

Mar 17

Close Brothers Group plc (LON:CBG) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

Oct 07

Close Brothers Group (LON:CBG) Is Paying Out A Larger Dividend Than Last Year

Sep 30

Close Brothers Group (LON:CBG) Has Announced That It Will Be Increasing Its Dividend To UK£0.22

Mar 18

Close Brothers Group (LON:CBG) Is Paying Out A Larger Dividend Than Last Year

Oct 01

Why It Might Not Make Sense To Buy Close Brothers Group plc (LON:CBG) For Its Upcoming Dividend

Mar 21

Should You Buy Close Brothers Group plc (LON:CBG) For Its 2.6% Dividend?

Feb 18

Have Insiders Been Buying Close Brothers Group plc (LON:CBG) Shares This Year?

Dec 09

Earnings and Revenue Growth Forecasts

LSE:CBG - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
7/31/2027	873	132	N/A	N/A	7
7/31/2026	875	74	N/A	N/A	10
7/31/2025	875	-73	N/A	N/A	8
7/31/2024	927	89	-1,400	-1,356	N/A
4/30/2024	926	115	-1,330	-1,280	N/A
1/31/2024	925	142	-1,259	-1,205	N/A
10/31/2023	866	111	-610	-552	N/A
7/31/2023	806	81	39	101	N/A
4/30/2023	801	80	163	227	N/A
1/31/2023	796	79	286	353	N/A
10/31/2022	850	122	116	178	N/A
7/31/2022	905	165	-54	4	N/A
4/30/2022	920	184	-454	-400	N/A
1/31/2022	936	202	-853	-805	N/A
10/31/2021	934	202	-770	-717	N/A
7/31/2021	932	202	-687	-630	N/A
4/30/2021	862	156	-234	-178	N/A
1/31/2021	791	110	218	275	N/A
10/31/2020	770	110	110	163	N/A
7/31/2020	749	110	2	52	N/A
4/30/2020	786	151	23	75	N/A
1/31/2020	824	193	45	98	N/A
10/31/2019	823	197	-63	-13	N/A
7/31/2019	822	201	-171	-124	N/A
4/30/2019	818	201	-267	-225	N/A
1/31/2019	814	202	-363	-327	N/A
10/31/2018	809	203	-234	-194	N/A
8/1/2018	804	205	-106	-61	N/A
1/31/2018	789	202	N/A	-463	N/A
10/31/2017	774	198	N/A	-281	N/A
7/31/2017	760	194	N/A	-99	N/A
4/30/2017	734	193	N/A	56	N/A
1/31/2017	718	195	N/A	212	N/A
10/31/2016	693	191	N/A	-128	N/A
7/31/2016	669	187	N/A	-468	N/A
4/30/2016	665	183	N/A	N/A	N/A
1/31/2016	661	179	N/A	-428	N/A
10/31/2015	654	177	N/A	-204	N/A
7/31/2015	648	175	N/A	20	N/A
4/30/2015	629	167	N/A	N/A	N/A
1/31/2015	611	159	N/A	150	N/A
10/31/2014	597	152	N/A	4	N/A
7/31/2014	584	145	N/A	-142	N/A
4/30/2014	574	138	N/A	-220	N/A
1/31/2014	563	131	N/A	-297	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBG's forecast earnings growth (16% per year) is above the savings rate (2.1%).

Earnings vs Market: CBG's earnings (16% per year) are forecast to grow faster than the UK market (14.7% per year).

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

Revenue vs Market: CBG's revenue is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: CBG's revenue is forecast to decline over the next 3 years (-2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CBG's Return on Equity is forecast to be low in 3 years time (8%).

Close Brothers Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 13%

Consensus EPS estimates fall by 21%

Price target decreased by 7.1% to UK£8.99

Consensus EPS estimates fall by 16%

Price target decreased by 7.5% to UK£10.82

Consensus EPS estimates fall by 22%

Recent updates

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 28%

Close Brothers Group plc, Annual General Meeting, Nov 21, 2024

New minor risk - Share price stability

Full year 2024 earnings: EPS misses analyst expectations

Adrian Sainsbury, Group Chief Executive Takes Temporary Medical Leave of Absence from the Business of Close Brothers Group plc

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Close Brothers Group plc Announces Board Committee Changes, Effective from 1 August 2024

Consensus EPS estimates increase by 13%

Investor sentiment improves as stock rises 18%

First half 2024 earnings released: EPS: UK£0.46 (vs UK£0.056 in 1H 2023)

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 21%

Close Brothers Group plc Announces Peter Duffy Decides to Step Down as Director

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 7.1% to UK£8.99

Investor sentiment deteriorates as stock falls 16%

Close Brothers Group plc Appoints Phil Hooper as Chief Executive of Close Brothers' Property Finance Business

Close Brothers Group plc to Report First Half, 2024 Results on Mar 19, 2024

Close Brothers Group (LON:CBG) Is Increasing Its Dividend To £0.45

Full year 2023 earnings: EPS exceeds analyst expectations

Close Brothers Group plc, Annual General Meeting, Nov 16, 2023

Close Brothers Group plc (LSE:CBG) signed an agreement to acquire Bluestone Motor Finance (Ireland) Designated Activity Company.

Close Brothers Group plc to Report Fiscal Year 2023 Results on Sep 26, 2023

Close Brothers Plans to Sell Wealth Unit

Close Brothers Group (LON:CBG) Is Increasing Its Dividend To £0.225

First half 2023 earnings released: EPS: UK£0.056 (vs UK£0.64 in 1H 2022)

Now 22% undervalued after recent price drop

Consensus EPS estimates fall by 16%

Close Brothers Group plc Announces Board Committee Changes

Price target decreased by 7.5% to UK£10.82

Consensus EPS estimates fall by 22%

Close Brothers Group plc to Report First Half, 2023 Results on Mar 14, 2023

Key Executive exercised options and sold UK£147k worth of stock

Close Brothers Group plc Approves Payment of Final Dividend

High number of new directors

Close Brothers Group plc (LON:CBG) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

Upcoming dividend of UK£0.44 per share

Close Brothers Group plc, Annual General Meeting, Nov 17, 2022

Close Brothers Group (LON:CBG) Is Paying Out A Larger Dividend Than Last Year

Full year 2022 earnings: EPS misses analyst expectations

Close Brothers Group plc Proposes Final Dividend for the Fiscal Year 2022, Payable on 22 November 2022

Close Brothers Group plc to Report Fiscal Year 2022 Results on Sep 27, 2022

High number of new directors

CEO & Executive Director recently bought UK£40k worth of stock

CEO & Executive Director recently bought UK£40k worth of stock

CEO & Executive Director recently bought UK£40k worth of stock

CEO & Executive Director recently bought UK£40k worth of stock

Close Brothers Group (LON:CBG) Has Announced That It Will Be Increasing Its Dividend To UK£0.22

First half 2022 earnings: EPS and revenues exceed analyst expectations

Close Brothers Group plc Announces Executive Changes

CEO & Executive Director exercised options and sold UK£91k worth of stock

Upcoming dividend of UK£0.42 per share

Close Brothers Group (LON:CBG) Is Paying Out A Larger Dividend Than Last Year

Full year 2021 earnings released: EPS UK£1.35 (vs UK£0.73 in FY 2020)

Group Head of Human Resources recently sold UK£255k worth of stock

Why It Might Not Make Sense To Buy Close Brothers Group plc (LON:CBG) For Its Upcoming Dividend

First half 2021 earnings released: EPS UK£0.63 (vs UK£0.63 in 1H 2020)

Close Brothers Group plc Declares Interim Dividend, Payable on 28 April 2021

New 90-day high: UK£16.40

Should You Buy Close Brothers Group plc (LON:CBG) For Its 2.6% Dividend?

Close Brothers Group plc Announces Board Committee Changes, Effective from 1 March 2021

Analysts increase EPS estimates to UK£1.04

New 90-day high: UK£14.59

Analysts increase EPS estimates to UK£0.93

Close Brothers Group plc to Report First Half, 2021 Results on Mar 16, 2021