Financials Liberty Financial Group Limited

Equities

LFG

AU0000121634

Consumer Lending

Market Closed - Australian S.E. Other stock markets 02:10:52 2024-05-31 am EDT			5-day change	1st Jan Change
3.97 ^AUD	+5.03%		-0.75%	-1.98%

Apr. 09	Citi Upgrades Liberty Financial to Buy from Neutral, Price Target is AU$4.25	MT
Feb. 25	Correction: Liberty Financial Group Reports 23% Rise in H1 FY24 Revenue, Profit Declines	MT

Valuation

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,386	1,220	1,103	1,206	-	-
Enterprise Value (EV) ¹	2,386	1,220	1,103	1,206	1,206	1,206
P/E ratio	13.6 x	5.83 x	6.15 x	10.3 x	8.78 x	7.63 x
Yield	3.1%	12.2%	6.55%	6.6%	7.35%	8.68%
Capitalization / Revenue	3.98 x	1.92 x	1.81 x	2.03 x	1.88 x	1.74 x
EV / Revenue	3.98 x	1.92 x	1.81 x	2.03 x	1.88 x	1.74 x
EV / EBITDA	9,086,255 x	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	2.3 x	1.11 x	0.94 x	0.99 x	0.92 x	0.84 x
Nbr of stocks (in thousands)	303,600	303,600	303,804	303,804	-	-
Reference price ²	7.860	4.020	3.630	3.970	3.970	3.970
Announcement Date	8/29/21	8/28/22	8/27/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net sales ¹	600.1	635	610	593.9	641.7	691.4
EBITDA	262.6	-	-	-	-	-
EBIT ¹	244.8	284.4	193.6	166	186.5	215.7
Operating Margin	40.79%	44.79%	31.74%	27.95%	29.06%	31.2%
Earnings before Tax (EBT) ¹	212.4	250.9	198	134.2	161.4	187.9
Net income ¹	185.4	219.3	181.1	129.3	150	177
Net margin	30.89%	34.54%	29.68%	21.77%	23.37%	25.61%
EPS ²	0.5800	0.6900	0.5900	0.3856	0.4522	0.5206
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	0.2440	0.4900	0.2377	0.2620	0.2918	0.3447
Announcement Date	8/29/21	8/28/22	8/27/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales	-	-	590	298.1	-	295
EBITDA	-	-	-	-	-	-
EBIT	-	136	118.4	233.5	-	89
Operating Margin	-	-	20.06%	78.33%	-	30.17%
Earnings before Tax (EBT)	-	-	114.7	83.3	-	71
Net income	53.14	166.2	104	-	-	-
Net margin	-	-	17.62%	-	-	-
EPS	0.3700	0.3200	0.3000	-	-	-
Dividend per Share ¹	-	0.2800	-	0.2377	0.1200	0.1700
Announcement Date	2/27/22	8/28/22	2/26/23	8/27/23	2/25/24	-

¹AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	18%	20.4%	15.3%	10.8%	11.5%	12.5%
ROA (Net income/ Total Assets)	-	1.57%	1.21%	0.86%	0.92%	0.98%
Assets ¹	-	13,943	15,013	15,036	16,302	18,066
Book Value Per Share ²	3.420	3.610	3.860	4.010	4.330	4.730
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	8/29/21	8/28/22	8/27/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Liberty Financial Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.97 AUD

Average target price

4.25 AUD

Spread / Average Target

+7.05%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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