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Credit Corp Group

ASX:CCP
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCP
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Credit Corp Group Limited provides debt purchase and collection, and consumer lending services in Australia and the United States. The last earnings update was 114 days ago. More info.


Add to Portfolio Compare Print
  • Credit Corp Group has significant price volatility in the past 3 months.
CCP Share Price and Events
7 Day Returns
4%
ASX:CCP
-0.9%
AU Consumer Finance
-0.1%
AU Market
1 Year Returns
73.8%
ASX:CCP
57.6%
AU Consumer Finance
16.5%
AU Market
CCP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Credit Corp Group (CCP) 4% 6.2% 15.4% 73.8% 87.9% 239%
AU Consumer Finance -0.9% -2.2% 10.7% 57.6% 29.9% 35.1%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • CCP outperformed the Consumer Finance industry which returned 57.6% over the past year.
  • CCP outperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
CCP
Industry
5yr Volatility vs Market

Value

 Is Credit Corp Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Credit Corp Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Credit Corp Group.

ASX:CCP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= A$10.19 * 17.8%
A$1.81
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. A$10.19
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CCP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 30%) (7.83%))
0.818
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.818 * 5.96%)
7.19%

Discounted Cash Flow Calculation for ASX:CCP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Credit Corp Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:CCP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.8% – 7.19%) * A$10.19)
A$1.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$1.08 / (7.19% - 2.31%)
A$22.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$10.19 + A$22.12
A$32.31
ASX:CCP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$32.31
Current discount Discount to share price of A$33.19
= -1 x (A$33.19 - A$32.31) / A$32.31
-2.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Credit Corp Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Credit Corp Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Credit Corp Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CCP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$1.42
ASX:CCP Share Price ** ASX (2019-11-19) in AUD A$33.19
Australia Consumer Finance Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 13.1x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Credit Corp Group.

ASX:CCP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CCP Share Price ÷ EPS (both in AUD)

= 33.19 ÷ 1.42

23.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Credit Corp Group is overvalued based on earnings compared to the AU Consumer Finance industry average.
  • Credit Corp Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Credit Corp Group's expected growth come at a high price?
Raw Data
ASX:CCP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.8%per year
Australia Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 1.03x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ASX:CCP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.39x ÷ 12.8%

1.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Credit Corp Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Credit Corp Group's assets?
Raw Data
ASX:CCP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$8.44
ASX:CCP Share Price * ASX (2019-11-19) in AUD A$33.19
Australia Consumer Finance Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 2.06x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:CCP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CCP Share Price ÷ Book Value per Share (both in AUD)

= 33.19 ÷ 8.44

3.93x

* Primary Listing of Credit Corp Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Credit Corp Group is overvalued based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess Credit Corp Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Credit Corp Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Credit Corp Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Credit Corp Group expected to grow at an attractive rate?
  • Credit Corp Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Credit Corp Group's earnings growth is expected to exceed the Australia market average.
  • Credit Corp Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CCP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CCP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.8%
ASX:CCP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 16.5%
Australia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 45.9%
Australia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 22.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CCP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CCP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 463 407 103 3
2021-06-30 431 362 97 5
2020-06-30 386 330 84 5
2019-11-19
ASX:CCP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 274 -3 70
2019-03-31 269 15 69
2018-12-31 265 34 68
2018-09-30 261 29 66
2018-06-30 258 24 64
2018-03-31 252 16 62
2017-12-31 246 7 60
2017-09-30 238 -15 57
2017-06-30 230 -37 55
2017-03-31 221 -65 53
2016-12-31 213 -92 50
2016-09-30 206 -77 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Credit Corp Group's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Credit Corp Group's revenue is expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CCP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Credit Corp Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CCP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 1.86 1.90 1.79 3.00
2021-06-30 1.75 1.84 1.68 5.00
2020-06-30 1.52 1.54 1.51 5.00
2019-11-19
ASX:CCP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 1.42
2019-03-31 1.42
2018-12-31 1.42
2018-09-30 1.39
2018-06-30 1.35
2018-03-31 1.31
2017-12-31 1.26
2017-09-30 1.21
2017-06-30 1.17
2017-03-31 1.11
2016-12-31 1.06
2016-09-30 1.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Credit Corp Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Credit Corp Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Credit Corp Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Credit Corp Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Credit Corp Group's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Credit Corp Group's year on year earnings growth rate has been positive over the past 5 years.
  • Credit Corp Group's 1-year earnings growth is less than its 5-year average (9.3% vs 15.3%)
  • Credit Corp Group's earnings growth has not exceeded the Oceania Consumer Finance industry average in the past year (9.3% vs 14.2%).
Earnings and Revenue History
Credit Corp Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Credit Corp Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CCP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 273.77 70.29 144.82
2019-03-31 269.49 69.18 142.73
2018-12-31 265.21 68.07 140.64
2018-09-30 261.45 66.18 139.85
2018-06-30 257.68 64.29 139.07
2018-03-31 251.61 62.02 137.18
2017-12-31 245.54 59.76 135.30
2017-09-30 237.53 57.46 130.92
2017-06-30 229.52 55.16 126.54
2017-03-31 221.06 52.51 122.42
2016-12-31 212.59 49.87 118.30
2016-09-30 206.04 47.90 115.67
2016-06-30 199.49 45.92 113.03
2016-03-31 192.88 42.72 112.66
2015-12-31 186.27 39.52 112.29
2015-09-30 180.03 38.97 107.54
2015-06-30 173.79 38.41 102.79
2015-03-31 166.83 38.04 98.64
2014-12-31 159.88 37.67 94.49
2014-09-30 158.92 36.22 92.70
2014-06-30 157.97 34.77 90.90
2014-03-31 156.23 33.63 86.42
2013-12-31 154.48 32.50 81.94
2013-09-30 148.43 32.24 77.62
2013-06-30 142.37 31.99 73.30
2013-03-31 137.25 31.12 71.09
2012-12-31 132.13 30.25 68.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Credit Corp Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Credit Corp Group used its assets more efficiently than the AU Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Credit Corp Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Credit Corp Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Credit Corp Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Credit Corp Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Credit Corp Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Credit Corp Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Credit Corp Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Credit Corp Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Credit Corp Group Company Filings, last reported 4 months ago.

ASX:CCP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 463.60 142.70 22.71
2019-03-31 463.60 142.70 22.71
2018-12-31 305.50 237.75 11.07
2018-09-30 305.50 237.75 11.07
2018-06-30 286.50 227.89 16.02
2018-03-31 286.50 227.89 16.02
2017-12-31 265.54 235.50 15.59
2017-09-30 265.54 235.50 15.59
2017-06-30 247.75 209.61 6.11
2017-03-31 247.75 209.61 6.11
2016-12-31 227.86 205.22 4.69
2016-09-30 227.86 205.22 4.69
2016-06-30 214.10 142.11 2.54
2016-03-31 214.10 142.11 2.54
2015-12-31 197.10 86.37 1.66
2015-09-30 197.10 86.37 1.66
2015-06-30 180.11 64.85 6.30
2015-03-31 180.11 64.85 6.30
2014-12-31 172.03 32.78 4.65
2014-09-30 172.03 32.78 4.65
2014-06-30 159.56 38.50 2.78
2014-03-31 159.56 38.50 2.78
2013-12-31 151.23 32.97 4.61
2013-09-30 151.23 32.97 4.61
2013-06-30 139.79 9.56 4.63
2013-03-31 139.79 9.56 4.63
2012-12-31 133.71 7.29 3.73
  • Credit Corp Group's level of debt (30.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.1% vs 30.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Credit Corp Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Credit Corp Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Credit Corp Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Credit Corp Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.17%
Current annual income from Credit Corp Group dividends. Estimated to be 2.53% next year.
If you bought A$2,000 of Credit Corp Group shares you are expected to receive A$43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Credit Corp Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • Credit Corp Group's dividend is below the markets top 25% of dividend payers in Australia (5.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CCP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CCP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.93 3.00
2021-06-30 0.86 5.00
2020-06-30 0.76 5.00
2019-11-19
ASX:CCP Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-07-29 0.720 2.482
2019-01-29 0.720 3.033
2018-07-30 0.720 3.521
2018-01-29 0.620 3.227
2017-07-31 0.620 3.036
2017-01-30 0.540 3.086
2016-08-01 0.540 3.076
2016-01-27 0.460 4.204
2015-08-03 0.440 4.247
2015-01-28 0.440 3.747
2014-08-04 0.400 4.093
2013-08-06 0.370 4.019
2013-01-30 0.400 4.356
2012-08-07 0.320 4.422
2012-02-01 0.260 4.440
2011-08-16 0.200 4.822
2011-02-15 0.200 3.989
2010-08-17 0.100 2.868
2010-02-16 0.060 2.244
2009-08-18 0.040 1.685

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Credit Corp Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Credit Corp Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Credit Corp Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Credit Corp Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Credit Corp Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Beregi
COMPENSATION A$2,422,869
TENURE AS CEO 11.1 years
CEO Bio

Mr. Thomas Beregi, BEc, LLB(Hons), CPA, has been the Chief Executive Officer of Credit Corp Group Limited since October 1, 2008 and has been its Company Secretary since September 21, 2007. Mr. Beregi served as an Interim Chief Executive Officer of Credit Corp Group Limited since March 5, 2008 and served as its Chief Financial Officer from September 3, 2007 to November, 2008. Mr. Beregi was the Chief Operating Officer of Jones Lang LaSalle Australia. Mr. Beregi holds Bachelor of Economics and Bachelor of Laws (Hons). He is a Certified Practising Accountant.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Credit Corp Group management team in years:

11.1
Average Tenure
  • The average tenure for the Credit Corp Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Thomas Beregi

TITLE
CEO & Company Secretary
COMPENSATION
A$2M
TENURE
11.1 yrs

Michael Eadie

TITLE
CFO & Company Secretary
COMPENSATION
A$736K
TENURE
9 yrs

Matthew Angell

TITLE
Chief Operating Officer
COMPENSATION
A$1M
TENURE
13.8 yrs

Tim Cullen

TITLE
Chief Information Officer

Tegan Pearson

TITLE
Head of Human Resources

Matthew Stokes

TITLE
Head of Collections

Michael Mifsud

TITLE
Head of Analytics

Chris Midlam

TITLE
Head of Business Services

Susan Maeng

TITLE
Financial Controller
Board of Directors Tenure

Average tenure and age of the Credit Corp Group board of directors in years:

8
Average Tenure
67
Average Age
  • The tenure for the Credit Corp Group board of directors is about average.
Board of Directors

Don McLay

TITLE
Non-Executive Chairman
COMPENSATION
A$261K
AGE
69
TENURE
11.4 yrs

Eric Dodd

TITLE
Independent Non-Executive Director
COMPENSATION
A$131K
AGE
67
TENURE
10.3 yrs

Richard Thomas

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
74
TENURE
13.2 yrs

Leslie Martin

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
64
TENURE
5.7 yrs

John Nesbitt

TITLE
Non Executive Director
TENURE
0.2 yrs

Trudy Vonhoff

TITLE
Non Executive Director
AGE
56
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Credit Corp Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. Oct 19 Sell Torres Industries Pty Ltd Company 02. Oct 19 02. Oct 19 -18,391 A$30.17 A$-554,771
03. Oct 19 Buy John Nesbitt Individual 01. Oct 19 01. Oct 19 2,792 A$29.97 A$83,675
27. Sep 19 Buy Trudy Vonhoff Individual 26. Sep 19 26. Sep 19 4,440 A$29.27 A$129,952
04. Sep 19 Sell Torres Industries Pty Ltd Company 05. Sep 19 05. Sep 19 -33,955 A$28.90 A$-981,176
21. Aug 19 Sell Torres Industries Pty Ltd Company 22. Aug 19 22. Aug 19 -30,000 A$28.38 A$-851,519
21. Aug 19 Sell Robert Shaw Individual 20. Aug 19 20. Aug 19 -1,000 A$27.75 A$-27,750
06. Aug 19 Buy Bennelong Australian Equity Partners Pty Ltd Company 02. Aug 19 02. Aug 19 921,868 A$27.16 A$25,042,268
30. May 19 Buy Torres Industries Pty Ltd Company 31. May 19 31. May 19 30,000 A$25.09 A$752,825
30. May 19 Sell Pengana Capital Ltd. Company 03. Apr 19 28. May 19 -430,000 A$25.01 A$-10,394,147
23. May 19 Sell Torres Industries Pty Ltd Company 24. May 19 24. May 19 -4,227 A$24.08 A$-101,767
21. May 19 Sell Torres Industries Pty Ltd Company 22. May 19 22. May 19 -10,773 A$23.59 A$-254,131
09. May 19 Sell Torres Industries Pty Ltd Company 10. May 19 10. May 19 -32,500 A$23.72 A$-770,804
06. May 19 Sell Torres Industries Pty Ltd Company 06. May 19 06. May 19 -60,000 A$24.03 A$-1,441,735
08. Apr 19 Buy Bennelong Australian Equity Partners Pty Ltd Company 08. Apr 19 08. Apr 19 1,564,036 A$22.99 A$35,957,188
04. Apr 19 Sell Pengana Capital Ltd. Company 20. Sep 18 02. Apr 19 -786,470 A$22.13 A$-17,401,772
04. Apr 19 Buy Pengana Capital Ltd. Company 12. Oct 18 30. Jan 19 230,074 A$18.43 A$4,241,322
07. Mar 19 Sell Torres Industries Pty Ltd Company 08. Mar 19 08. Mar 19 -20,000 A$22.00 A$-440,008
05. Mar 19 Sell Torres Industries Pty Ltd Company 06. Mar 19 06. Mar 19 -10,000 A$22.03 A$-220,295
18. Feb 19 Sell Torres Industries Pty Ltd Company 15. Feb 19 15. Feb 19 -5,000 A$22.10 A$-110,496
11. Feb 19 Sell Torres Industries Pty Ltd Company 12. Feb 19 12. Feb 19 -10,000 A$22.28 A$-222,845
X
Management checks
We assess Credit Corp Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Credit Corp Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Do Analysts Think About Credit Corp Group Limited's (ASX:CCP) Earnings Outlook?

Credit Corp Group Limited's (ASX:CCP) most recent earnings update in July 2019 indicated that the company benefited from a slight tailwind, eventuating to a single-digit earnings growth of 9.3%. … Below, I've laid out key numbers on how market analysts predict Credit Corp Group's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Credit Corp Group Analysts' expectations for next year seems buoyant, with earnings increasing by a robust 19%.

Simply Wall St -

Is Credit Corp Group Limited's (ASX:CCP) CEO Overpaid Relative To Its Peers?

See our latest analysis for Credit Corp Group How Does Thomas Beregi's Compensation Compare With Similar Sized Companies? … It would therefore appear that Credit Corp Group Limited pays Thomas Beregi more than the median CEO remuneration at companies of a similar size, in the same market. … We compared total CEO remuneration at Credit Corp Group Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

What Should Investors Know About Credit Corp Group Limited's (ASX:CCP) Growth?

Based on Credit Corp Group Limited's (ASX:CCP) earnings update on 30 June 2019, it seems that analyst expectations are fairly bearish, with profits predicted to rise by 12% next year against the higher past 5-year average growth rate of 15%. … Below is a brief commentary around Credit Corp Group's earnings outlook going forward, which may give you a sense of market sentiment for the company. … See our latest analysis for Credit Corp Group Exciting times ahead?

Simply Wall St -

How Many Credit Corp Group Limited (ASX:CCP) Shares Do Institutions Own?

See our latest analysis for Credit Corp Group ASX:CCP Ownership Summary, July 17th 2019 What Does The Institutional Ownership Tell Us About Credit Corp Group? … We can see that Credit Corp Group does have institutional investors; and they hold 33% of the stock. … Insider Ownership Of Credit Corp Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is Credit Corp Group Limited (ASX:CCP) Undervalued After Accounting For Its Future Growth?

Credit Corp Group Limited (ASX:CCP) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of A$26.52 is based on unrealistic expectations. … But, to be able to properly assess the value of a high-growth stock such as Credit Corp Group, we must incorporate its earnings growth in our valuation. … Based on this growth, Credit Corp Group's stock can be considered slightly overvalued , based on the fundamentals.

Simply Wall St -

Here's What Credit Corp Group Limited's (ASX:CCP) P/E Is Telling Us

View our latest analysis for Credit Corp Group How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Credit Corp Group: P/E of 17.31 = A$24.67 ÷ A$1.42 (Based on the year to December 2018.) Is A High P/E Ratio Good? … The Verdict On Credit Corp Group's P/E Ratio Credit Corp Group trades on a P/E ratio of 17.3, which is above the AU market average of 16.1.

Simply Wall St -

Is Credit Corp Group Limited (ASX:CCP) A Smart Pick For Income Investors?

Dividend paying stocks like Credit Corp Group Limited (ASX:CCP) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Credit Corp Group has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. It's good to see Credit Corp Group has been growing its earnings per share at 15% a year over the past 5 years. Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how Credit Corp Group will keep funding its growth projects in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Does Credit Corp Group Limited's (ASX:CCP) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Credit Corp Group … How Does Thomas Beregi's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Credit Corp Group's (ASX:CCP) 157% Share Price Increase Well Justified?

One great example is Credit Corp Group Limited (ASX:CCP) which saw its share price drive 157% higher over five years. … During five years of share price growth, Credit Corp Group achieved compound earnings per share (EPS) growth of 15% per year. … This EPS growth is slower than the share price growth of 21% per year, over the same period.

Simply Wall St -

These Factors Make Credit Corp Group Limited (ASX:CCP) An Interesting Investment

I've been keeping an eye on Credit Corp Group Limited (ASX:CCP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe CCP has a lot to offer.

Simply Wall St -

Company Info

Description

Credit Corp Group Limited provides debt purchase and collection, and consumer lending services in Australia and the United States. It operates through three segments: Debt Ledger Purchasing – Australia and New Zealand, Debt Ledger Purchasing – United States, and Consumer Lending – Australia and New Zealand. 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. It provides financial services under the Wallet Wizard, ClearCash, CarStart Finance, Credit 2U, and CapTrove names. Credit Corp Group Limited was founded in 1992 and is headquartered in Sydney, Australia.

Details
Name: Credit Corp Group Limited
CCP
Exchange: ASX
Founded: 1992
A$1,822,733,332
54,918,148
Website: http://www.creditcorp.com.au
Address: Credit Corp Group Limited
201 Kent Street,
Level 15,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CCP Ordinary Shares Australian Securities Exchange AU AUD 06. Sep 2000
DB 2RC Ordinary Shares Deutsche Boerse AG DE EUR 06. Sep 2000
CHIA CCP Ordinary Shares Chi-X Australia AU AUD 06. Sep 2000
Number of employees
Current staff
Staff numbers
0
Credit Corp Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:33
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/07/28
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.