COG Financial Services Limited (AU:COG)
ASX:COG
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COG Financial Services Limited
(Sydney:COG)
Select Model
Select Model
Rating:57Neutral
Price Target:
AU$1.50
▲(15.38% Upside)
Action:ReiteratedDate:04/03/26
The score is held back primarily by weak technicals (downtrend and oversold momentum) and mixed financial performance, particularly the sharp revenue decline and high leverage. These are partly offset by supportive valuation (moderate P/E and strong dividend yield) and generally healthy cash-flow conversion.
Positive Factors
Diversified business model
COG's mix of brokerage/origination, broker-aggregation, owned receivable income and ancillary fees creates multiple durable cash engines. This diversification smooths revenue cyclicality, lets the group earn both upfront and recurring fees, and supports resilience across credit cycles.
Negative Factors
High financial leverage
A debt-to-equity ratio near 2.5 creates persistent interest and refinancing obligations. High leverage constrains flexibility, raises vulnerability to rate increases, and amplifies earnings volatility from portfolio credit shocks, limiting capacity for strategic investment or buffer in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
COG's mix of brokerage/origination, broker-aggregation, owned receivable income and ancillary fees creates multiple durable cash engines. This diversification smooths revenue cyclicality, lets the group earn both upfront and recurring fees, and supports resilience across credit cycles.
Read all positive factors
COG Financial Services Limited (COG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$278.32M
Dividend Yield2.86%
Average Volume (3M)275.48K
Price to Earnings (P/E)10.9
Beta (1Y)0.40
Revenue Growth-26.30%
EPS Growth40.12%
CountryAU
Employees1,000
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.06
Shares Outstanding213,273,060
10 Day Avg. Volume303,634
30 Day Avg. Volume275,475
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)2.10
Price to Sales (P/S)0.87
P/FCF Ratio6.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.19Price Target Upside68.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$412.23M
COG Financial Services Limited Business Overview & Revenue Model
Company Description
COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities in Australia. The company operates through three segments: Finance Broking a...
How the Company Makes Money
COG makes money through multiple income streams tied to originating and holding asset-finance contracts. (1) Brokerage/origination income: when COG (and its broking businesses) arranges finance for customers through third-party lenders, it earns u...
COG Financial Services Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 313.25M | 367.73M | 362.35M | 366.01M | 320.77M | 267.77M |
| Gross Profit | 195.55M | 283.43M | 169.20M | 132.47M | 105.39M | 92.26M |
| EBITDA | 80.56M | 75.16M | 74.28M | 62.41M | 53.25M | 48.32M |
| Net Income | 20.19M | 18.77M | 12.85M | 8.05M | 19.68M | -26.38M |
Balance Sheet | ||||||
| Total Assets | 738.00M | 694.80M | 687.12M | 593.00M | 518.22M | 476.69M |
| Cash, Cash Equivalents and Short-Term Investments | 183.39M | 149.25M | 125.68M | 101.80M | 76.11M | 94.51M |
| Total Debt | 388.27M | 375.98M | 376.75M | 283.73M | 243.27M | 225.94M |
| Total Liabilities | 536.47M | 488.30M | 483.49M | 378.53M | 310.61M | 287.03M |
| Stockholders Equity | 151.40M | 152.08M | 151.69M | 163.92M | 170.95M | 152.34M |
Cash Flow | ||||||
| Free Cash Flow | 55.80M | 45.92M | 35.66M | 28.55M | 205.73M | 187.95M |
| Operating Cash Flow | 56.95M | 49.30M | 46.36M | 31.79M | 208.19M | 190.85M |
| Investing Cash Flow | 17.24M | 2.66M | -87.16M | -19.53M | -201.93M | -75.11M |
| Financing Cash Flow | -25.99M | -28.39M | 64.69M | 30.12M | -24.67M | -55.92M |
COG Financial Services Limited Technical Analysis
Negative
1.30
Price Trends
1.47
Negative
1.73
Negative
1.82
Negative
Market Momentum
-0.06
Negative
44.65
Neutral
60.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COG, the sentiment is Negative. The current price of 1.3 is below the 20-day moving average (MA) of 1.32, below the 50-day MA of 1.47, and below the 200-day MA of 1.82, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 44.65 is Neutral, neither overbought nor oversold. The STOCH value of 60.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:COG.
COG Financial Services Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$5.68B | -724.26 | 32.56% | 1.45% | 28.29% | 39.39% | |
63 Neutral | AU$127.44M | 21.16 | 9.10% | ― | -5.73% | -36.36% | |
57 Neutral | AU$278.32M | 10.89 | 12.36% | 2.86% | -26.30% | 40.12% | |
52 Neutral | AU$338.79M | 9.65 | 15.42% | 2.81% | 24.56% | 59.32% | |
48 Neutral | AU$59.02M | 5.73 | 10.48% | ― | 5.03% | 52.31% | |
46 Neutral | AU$11.21M | -1.34 | -17.55% | ― | 43.00% | -6078.57% |
* Financial Sector Average
AU:COG
COG Financial Services Limited
1.30
0.18
16.18%
AU:RZI
Raiz Invest Ltd.
0.56
0.03
5.71%
AU:PPS
Praemium Ltd
0.69
0.04
5.71%
AU:OFX
OFX Group Ltd.
0.52
-0.52
-50.00%
AU:NWL
Netwealth Group Ltd.
22.67
-2.53
-10.06%
AU:FNX
Finexia Financial Group Ltd
0.18
-0.10
-35.71%
COG Financial Services Limited Corporate Events
COG Financial Services Relocates Principal Place of Business to North Sydney
Mar 26, 2026
COG Financial Services has relocated its principal place of business to Level 8, 65 Berry Street, North Sydney, marking an immediate change in its main operational address while maintaining continuity in its corporate structure. The registered off...
COG Issues New Shares Under FY26 Long-Term Incentive Plan
Mar 25, 2026
COG Financial Services Limited has issued 1,415,000 fully paid ordinary shares under its FY26 Long Term Incentive Plan, expanding its capital base to reward and retain participants in the scheme. The company confirmed the shares were issued withou...
COG Financial Services Seeks ASX Quotation for 1.4 Million New Shares
Mar 25, 2026
COG Financial Services Limited has applied for the quotation of 1,415,000 new ordinary fully paid shares on the ASX, with an issue date of 25 March 2026. The new securities, issued under an employee incentive scheme, will expand the company’...
COG Financial Services lifts revenue and earnings in 1H 2026
Feb 26, 2026
COG Financial Services Limited reported underlying revenue of $196.9 million for the first half of 2026, an 8% increase on the prior corresponding period, excluding interest income. The company also delivered underlying EBITDA attributable to shar...
COG Financial Services Declares Interim Dividend and Suspends DRP
Feb 25, 2026
COG Financial Services Limited has declared an interim dividend of A$0.035 per ordinary fully paid share for the six-month period ending 31 December 2025. The dividend will trade ex on 10 March 2026, with a record date of 11 March 2026 and payment...
COG Financial Services lifts profit and dividends despite weaker net tangible assets
Feb 25, 2026
COG Financial Services reported an 8.6% rise in revenue from continuing operations to $198.5 million for the half year ended 31 December 2025, with net profit from continuing operations up 9.5% to $14.9 million and profit attributable to members i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.