Professional
Added to YB: 2025-08-04
Pitch date: 2025-07-31
FSA.AX [neutral]
FSA Group Limited
+46.08%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
FSA Group Limited, together with its subsidiaries, provides payment arrangement and direct lending services to individuals and businesses in Australia.
Market Cap
AUD 135.0M
Pitch Price
AUD 0.89
Price Target
N/A
Dividend
6.48%
EV/EBITDA
N/A
P/E
12.47
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
Hurdle Rate Portfolio Holding: FSA Group Limited
FSA.AX (holding update): Australia's largest personal insolvency provider transitioning to non-conforming lending. Loan book doubling 2021-2025 (targeting $1.3B). Profit margins compressed by rising rates on fixed-rate loans. Conservatively managed (never posted loss) with non-recourse facilities. Anticipate operational leverage FY2026+ as rates stabilize. Management targets $25M profit, 25%+ ROE.
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