Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
COG.AX [bullish]
COG Financial Services Limited
+120.26%
current return
Author Info
No bio for this author
Company Info
COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities for small to medium-sized enterprises in Australia.
Market Cap
AUD 203.3M
Pitch Price
AUD 0.90
Price Target
N/A
Dividend
8.12%
EV/EBITDA
6.81
P/E
15.52
EV/Sales
1.01
Sector
Capital Markets
Category
growth
Sandon Capital Activist Fund Portfolio Holding: COG Financial Services Limited
COG.AX: Largest AU asset finance broker, 12% NPATA growth FY24 despite rate headwinds. Strong NL performance, FB&A/AM&L softness. $67M cash, 9% dividend yield. FY25E P/E 5.2x ex-cash. Well-positioned for acquisitions, leveraging network effect. Expect headwinds to dissipate as rates stabilize.
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