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FlexiGroup

DB:F5L
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
F5L
DB
A$313M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

FlexiGroup Limited provides consumer revolving finance, card, leasing, and rental financing services in Australia, New Zealand, and Ireland. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • FlexiGroup has significant price volatility in the past 3 months.
F5L Share Price and Events
7 Day Returns
9.3%
DB:F5L
-4.8%
Europe Consumer Finance
2.1%
DE Market
1 Year Returns
-50.3%
DB:F5L
-50.9%
Europe Consumer Finance
-16.6%
DE Market
F5L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FlexiGroup (F5L) 9.3% -47.2% -59.5% -50.3% -72.9% -82.3%
Europe Consumer Finance -4.8% -34.8% -44.2% -50.9% -66.5% -66.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • F5L matched the Consumer Finance industry (-50.9%) over the past year.
  • F5L underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
F5L
Industry
5yr Volatility vs Market

F5L Value

 Is FlexiGroup 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 FlexiGroup 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 FlexiGroup.

DB:F5L 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$1.74 * 10.6%
A$0.18
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. A$1.74
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:F5L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.639 (1 + (1- 30%) (813.06%))
3.195
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:F5L using Excess Returns Model Model

The calculations below outline how an intrinsic value for FlexiGroup 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.

DB:F5L Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.6% – 10.49%) * A$1.74)
A$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.00 / (10.49% - -0.39%)
A$0.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$1.74 + A$0.01
A$1.75
DB:F5L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:F5L represents 0.56101x of ASX:FXL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.56101x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.75 x 0.56101
€0.98
Value per share (EUR) From above. €0.98
Current discount Discount to share price of €0.45
= -1 x (€0.45 - €0.98) / €0.98
54.6%

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

Current Discount
Amount off the current price FlexiGroup is available for.
Intrinsic value
>50%
Share price is €0.446 vs Future cash flow value of €0.98307
Current Discount Checks
For FlexiGroup to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FlexiGroup's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FlexiGroup's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 FlexiGroup's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FlexiGroup's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:F5L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.16
ASX:FXL Share Price ** ASX (2020-04-07) in AUD A$0.8
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.27x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of FlexiGroup.

DB:F5L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.8 ÷ 0.16

5.04x

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

  • FlexiGroup is good value based on earnings compared to the Europe Consumer Finance industry average.
  • FlexiGroup is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does FlexiGroup's expected growth come at a high price?
Raw Data
DB:F5L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
11.6%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.43x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:F5L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.04x ÷ 11.6%

0.43x

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

  • FlexiGroup is good value based on expected growth next year.
Price based on value of assets
What value do investors place on FlexiGroup's assets?
Raw Data
DB:F5L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.62
ASX:FXL Share Price * ASX (2020-04-07) in AUD A$0.8
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.68x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:F5L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.8 ÷ 1.62

0.49x

* Primary Listing of FlexiGroup.

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

  • FlexiGroup is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess FlexiGroup'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. FlexiGroup has a total score of 6/6, 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.

F5L Future Performance

 How is FlexiGroup 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
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FlexiGroup expected to grow at an attractive rate?
  • FlexiGroup's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • FlexiGroup's earnings growth is positive but not above the Germany market average.
  • FlexiGroup's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:F5L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:F5L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 11.6%
DB:F5L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.9%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:F5L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
DB:F5L Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 519 90 80 4
2021-06-30 479 77 63 4
2020-06-30 461 105 61 4
2020-04-07
DB:F5L Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 306 164 62
2019-09-30 301 164 61
2019-06-30 296 165 60
2019-03-31 289 176 66
2018-12-31 280 186 71
2018-09-30 289 187 31
2018-06-30 297 189 -9
2018-03-31 296 172 -9
2017-12-31 295 155 -9
2017-09-30 297 158 39
2017-06-30 298 161 87
2017-03-31 286 160 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FlexiGroup's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • FlexiGroup's revenue is expected to grow by 10.9% 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
DB:F5L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from FlexiGroup Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:F5L Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.20 0.24 0.15 3.00
2021-06-30 0.16 0.21 0.08 3.00
2020-06-30 0.16 0.17 0.13 3.00
2020-04-07
DB:F5L Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.16
2019-09-30 0.16
2019-06-30 0.16
2019-03-31 0.17
2018-12-31 0.19
2018-09-30 0.08
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 0.10
2017-06-30 0.23
2017-03-31 0.19

*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.
  • FlexiGroup is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FlexiGroup'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
FlexiGroup has a total score of 2/6, 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.

F5L Past Performance

  How has FlexiGroup 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 FlexiGroup'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.
  • FlexiGroup's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • FlexiGroup's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FlexiGroup's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
FlexiGroup'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 FlexiGroup Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:F5L Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 306.30 62.30 115.00
2019-09-30 301.20 61.30 112.05
2019-06-30 296.10 60.30 109.10
2019-03-31 289.20 65.70 106.30
2018-12-31 279.80 71.10 103.50
2018-09-30 288.60 31.00 103.20
2018-06-30 297.40 -9.10 102.90
2018-03-31 296.30 -9.15 103.05
2017-12-31 295.20 -9.20 103.20
2017-09-30 296.60 39.10 101.10
2017-06-30 298.00 87.40 99.00
2017-03-31 285.50 71.95 96.60
2016-12-31 273.00 56.50 94.20
2016-09-30 255.90 53.35 86.70
2016-06-30 238.80 50.20 79.20
2016-03-31 237.30 67.90 73.65
2015-12-31 235.80 85.60 68.10
2015-09-30 232.25 84.15 68.55
2015-06-30 228.70 82.70 69.00
2015-03-31 227.55 72.10 76.45
2014-12-31 226.40 61.50 83.90
2014-09-30 221.45 59.55 79.20
2014-06-30 216.50 57.60 74.50
2014-03-31 208.58 63.89 59.63
2013-12-31 200.67 70.18 44.76
2013-09-30 195.31 68.01 52.79
2013-06-30 189.96 65.84 60.83

*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.
  • FlexiGroup has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FlexiGroup used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if FlexiGroup 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 FlexiGroup'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.
FlexiGroup has a total score of 0/6, 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.

F5L Health

 How is FlexiGroup'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 FlexiGroup's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FlexiGroup is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FlexiGroup's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FlexiGroup'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 1.1x 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 FlexiGroup Company Filings, last reported 3 months ago.

DB:F5L Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 637.30 2,530.40 168.20
2019-09-30 637.30 2,530.40 168.20
2019-06-30 616.10 2,405.30 143.10
2019-03-31 616.10 2,405.30 143.10
2018-12-31 580.40 2,314.90 117.50
2018-09-30 580.40 2,314.90 117.50
2018-06-30 616.50 2,131.10 125.30
2018-03-31 616.50 2,131.10 125.30
2017-12-31 596.90 2,052.30 133.80
2017-09-30 596.90 2,052.30 133.80
2017-06-30 671.80 2,020.60 167.30
2017-03-31 671.80 2,020.60 167.30
2016-12-31 644.90 2,045.10 186.50
2016-09-30 644.90 2,045.10 186.50
2016-06-30 612.40 1,968.50 174.40
2016-03-31 612.40 1,968.50 174.40
2015-12-31 577.80 1,165.70 137.20
2015-09-30 577.80 1,165.70 137.20
2015-06-30 410.50 1,281.80 130.30
2015-03-31 410.50 1,281.80 130.30
2014-12-31 398.90 1,178.80 119.70
2014-09-30 398.90 1,178.80 119.70
2014-06-30 385.00 1,136.30 106.60
2014-03-31 385.00 1,136.30 106.60
2013-12-31 381.67 1,040.67 118.91
2013-09-30 381.67 1,040.67 118.91
2013-06-30 364.59 994.17 122.75
  • FlexiGroup's level of debt (397.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (295.7% vs 397.1% today).
  • Debt is not well covered by operating cash flow (6.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on FlexiGroup's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess FlexiGroup'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. FlexiGroup has a total score of 2/6, 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.

F5L Dividends

 What is FlexiGroup'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
9.69%
Current annual income from FlexiGroup dividends. Estimated to be 8.18% next year.
If you bought €2,000 of FlexiGroup shares you are expected to receive €194 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?
  • FlexiGroup's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • FlexiGroup's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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
DB:F5L 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
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 6.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:F5L Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.08 4.00
2021-06-30 0.05 4.00
2020-06-30 0.06 4.00
2020-04-07
DB:F5L Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.077 9.113
2019-08-26 0.077 3.865
2019-03-01 0.077 4.867
2018-08-20 0.077 5.013
2018-02-19 0.077 3.883
2017-08-14 0.077 4.712
2016-08-29 0.145 6.809
2016-02-16 0.163 7.469
2015-08-17 0.180 6.694
2015-02-04 0.175 5.310
2014-08-06 0.170 5.152
2014-02-05 0.160 4.454
2013-08-06 0.150 3.444
2013-02-06 0.140 3.292
2012-08-09 0.130 3.634
2012-02-09 0.120 5.030
2011-08-08 0.110 5.236
2011-02-10 0.100 4.857
2010-08-24 0.090 6.149
2010-02-22 0.060 4.530
2009-08-20 0.060 3.837

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of FlexiGroup's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess FlexiGroup's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 FlexiGroup afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FlexiGroup has a total score of 5/6, see the detailed checks below.


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

F5L Management

 What is the CEO of FlexiGroup'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
Rebecca James
COMPENSATION A$797,329
TENURE AS CEO 1.5 years
CEO Bio

Ms. Rebecca James has been the Chief Executive Officer of FlexiGroup Ltd. since October 2, 2018. She served as the Chief Marketing & Enterprise Officer of Prospa Group Limited. Ms. James joined Prospa in 2017. She had responsibility for customer acquisition and retention and for strategic alliances. She served as Chief Marketing Officer of Members Equity Bank Limited since January 28, 2014 until August 24, 2017. Ms. James joined ME early 2014 and has since been busy reshaping the ME brand, simplifying products and step-changing ME's customer experience. She has with her more than 20 years of experience in marketing and advertising including as Managing Director of customer experience agency Lavender, whose clients included Westpac, BT Financial Group, American Express, Qantas, Telstra, Coles, IKEA and Microsoft. She has a BBus in Marketing from UTS and is trained in Design Thinking from Stanford University.

CEO Compensation
  • Insufficient data for Rebecca to compare compensation growth.
  • Rebecca's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the FlexiGroup management team in years:

1.5
Average Tenure
  • The average tenure for the FlexiGroup management team is less than 2 years, this suggests a new team.
Management Team

Rebecca James

TITLE
Chief Executive Officer
COMPENSATION
A$797K
TENURE
1.5 yrs

Ross Aucutt

TITLE
Chief Financial Officer
COMPENSATION
A$524K
TENURE
3.3 yrs

Chris Lamers

TITLE
Deputy Group CEO & Chief Revenue Officer of New Zealand
COMPENSATION
A$479K
TENURE
0.8 yrs

Libby Minogue

TITLE
Chief Revenue Officer (Australia)
COMPENSATION
A$494K
TENURE
1 yrs

Andrew Murrel

TITLE
Chief Operations & Information Officer

Matt Beaman

TITLE
Group General Counsel and Group Head of Operational Risk & Compliance
TENURE
2.3 yrs

Natalie Nicholson

TITLE
Chief People & Culture Officer
TENURE
0.9 yrs

Jane Scotcher

TITLE
Head of Consumer Sales – Major Accounts
COMPENSATION
A$349K

Jonathan Kelly

TITLE
Group Head of Product & Innovation

Tim Lord

TITLE
Chief Credit Officer
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the FlexiGroup board of directors in years:

2.6
Average Tenure
57
Average Age
  • The average tenure for the FlexiGroup board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andrew Abercrombie

TITLE
Chairman
COMPENSATION
A$274K
AGE
63
TENURE
4.7 yrs

Christine Christian

TITLE
Deputy Chair of the Board
COMPENSATION
A$246K
AGE
61
TENURE
1.7 yrs

Jodie Leonard

TITLE
Independent Non-Executive Director
COMPENSATION
A$170K
AGE
52
TENURE
3.3 yrs

Carole Campbell

TITLE
Independent Non-Executive Director
COMPENSATION
A$166K
AGE
56
TENURE
1.9 yrs

Raj Dhawan

TITLE
Independent Non Executive Director
COMPENSATION
A$230K
AGE
53
TENURE
13.8 yrs

John Wylie

TITLE
Independent Non Executive Director
COMPENSATION
A$34K
AGE
58
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FlexiGroup individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Sell Pengana Capital Ltd. Company 16. Jan 20 23. Mar 20 -5,814,899 €1.41 €-1,697,269
25. Mar 20 Buy Pengana Capital Ltd. Company 03. Dec 19 13. Mar 20 3,604,899 €1.25 €4,316,420
25. Mar 20 Sell Renaissance Smaller Companies Pty Ltd Company 04. Feb 20 23. Mar 20 -2,083,724 €0.98 €-2,035,741
25. Mar 20 Buy Renaissance Smaller Companies Pty Ltd Company 04. Feb 20 23. Mar 20 12,609,578 €0.38 €4,839,044
19. Mar 20 Buy Rajeev Dhawan Individual 19. Mar 20 19. Mar 20 30,000 €0.35 €10,531
16. Mar 20 Buy Carole Campbell Individual 16. Mar 20 16. Mar 20 25,000 €0.55 €13,748
13. Mar 20 Buy Christine Christian Individual 13. Mar 20 13. Mar 20 50,000 €0.53 €26,716
05. Aug 19 Sell Colonial First State Investments Limited Company 29. May 19 24. Jul 19 -1,789,394 €1.05 €-1,875,844
05. Aug 19 Buy Colonial First State Investments Limited Company 21. May 19 30. Jul 19 567,817 €1.09 €605,107
06. Mar 20 Buy Jodie Leonard Individual 06. Mar 20 06. Mar 20 40,000 €0.88 €35,064
06. Mar 20 Buy Christine Christian Individual 06. Mar 20 06. Mar 20 32,000 €0.88 €28,128
02. Mar 20 Buy Carole Campbell Individual 02. Mar 20 02. Mar 20 30,000 €0.91 €27,226
05. Feb 20 Sell Renaissance Smaller Companies Pty Ltd Company 03. Oct 19 03. Feb 20 -796,965 €1.26 €-1,007,721
05. Feb 20 Buy Renaissance Smaller Companies Pty Ltd Company 03. Oct 19 03. Feb 20 2,390,942 €1.17 €2,796,789
04. Dec 19 Sell Pengana Capital Ltd. Company 26. Sep 19 26. Sep 19 -50,000 €1.44 €-72,035
04. Dec 19 Buy Pengana Capital Ltd. Company 29. Aug 19 29. Nov 19 6,720,000 €1.36 €8,364,978
20. Oct 19 Buy Jodie Leonard Individual 07. Oct 19 07. Oct 19 20,000 €1.41 €28,226
21. Aug 19 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 05. Aug 19 16. Aug 19 -340,230 €1.00 €-341,765
21. Aug 19 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 05. Aug 19 16. Aug 19 418,742 €0.97 €404,275
20. Aug 19 Sell First Sentier Investors (Australia) IM Ltd Company 09. Aug 19 20. Aug 19 -5,833,054 €0.95 €-5,528,350
06. Aug 19 Buy First Sentier Investors (Australia) IM Ltd Company 03. Apr 19 22. Jul 19 4,667,151 €0.99 €4,251,124
20. Jun 19 Sell Renaissance Smaller Companies Pty Ltd Company 10. May 19 18. Jun 19 -4,652,157 €1.12 €-5,189,639
11. Jun 19 Buy Christine Christian Individual 04. Jun 19 04. Jun 19 28,000 €1.10 €30,779
17. May 19 Buy Christine Christian Individual 13. May 19 16. May 19 30,000 €1.19 €35,268
13. May 19 Sell First Sentier Investors (Australia) IM Ltd Company 23. Apr 19 06. May 19 -176,486 €0.91 €-160,234
13. May 19 Buy First Sentier Investors (Australia) IM Ltd Company 01. Apr 19 10. May 19 4,152,740 €1.00 €3,731,758
13. May 19 Sell Renaissance Smaller Companies Pty Ltd Company 27. Feb 19 09. May 19 -2,729,936 €1.01 €-2,747,188
X
Management checks
We assess FlexiGroup'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. FlexiGroup 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.

F5L News

Simply Wall St News

F5L Company Info

Description

FlexiGroup Limited provides consumer revolving finance, card, leasing, and rental financing services in Australia, New Zealand, and Ireland. It operates through six segments: NZ Cards, Humm, NZ Leasing, Australia Cards, Consumer Leasing, and Commercial Leasing. The company offers leasing services to consumers, businesses, and corporations; and interest free finance to enable customers to facilitate purchases at participating retailer’s point of sale and online. It also provides no interest ever, vendor finance program, Visa/Mastercard, managed print, lay-by, and other payment solutions to consumers and businesses. The company offers its services under the Humm, Lisa, SmartWay, FlexiWay, FlexiFi, Flexirent, Farmers, Q Card, Flight Centre Mastercard, Oxipay NZ, Flexirent IE, Flexirent NZ, Lombard, Once, Q Card NZ, Skye, and Smartway brands. FlexiGroup Limited was founded in 1988 and is headquartered in Sydney, Australia.

Details
Name: FlexiGroup Limited
F5L
Exchange: DB
Founded: 1988
A$178,093,510
394,286,499
Website: http://www.flexigroup.com.au
Address: FlexiGroup Limited
179 Elizabeth Street,
Level 7,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FXL Ordinary Shares Australian Securities Exchange AU AUD 12. Dec 2006
DB F5L Ordinary Shares Deutsche Boerse AG DE EUR 12. Dec 2006
CHIA FXL Ordinary Shares Chi-X Australia AU AUD 12. Dec 2006
Number of employees
Current staff
Staff numbers
0
FlexiGroup employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:22
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
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.