COG Financial Services Limited (AU:COG)
ASX:COG
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COG Financial Services Limited
(Sydney:COG)
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Rating:67Neutral
Price Target:
AU$1.50
▲(13.64% Upside)
Action:Reiterated
Date:05/08/26
Overall score reflects mixed financial performance (sharp revenue decline and high leverage offsetting improved margins and solid cash-flow ratios), supported by constructive technical momentum and an attractive combination of modest P/E and solid dividend yield.
Positive Factors
High gross and improving net margins
Elevated gross margin (77.07%) and rising net margin (5.11%) indicate durable pricing power and tighter cost control in its asset-finance distribution model. Sustained margins support cash generation and provide a cushion against volume volatility, aiding long-term profitability and reinvestment.
Negative Factors
Sharp revenue decline
A pronounced revenue contraction (cited ~28%) undermines scale economics for a commission-driven model. Sustained top-line declines reduce fee income, strain operating leverage, and make it harder to cover fixed platform costs, creating a multi-quarter headwind to earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross and improving net margins
Elevated gross margin (77.07%) and rising net margin (5.11%) indicate durable pricing power and tighter cost control in its asset-finance distribution model. Sustained margins support cash generation and provide a cushion against volume volatility, aiding long-term profitability and reinvestment.
Read all positive factors
COG Financial Services Limited (COG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$311.38M
Dividend Yield2.86%
Average Volume (3M)275.48K
Price to Earnings (P/E)14.9
Beta (1Y)0.23
Revenue Growth-38.87%
EPS Growth60.62%
CountryAU
Employees1,000
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.10
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$2.38Price Target Upside79.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$415.62M
COG Financial Services Limited Business Overview & Revenue Model
Company Description
COG Financial Services Limited, along with its group of companies, delivers a broad spectrum of services across Australia. Its core offerings encompass equipment financing and broking, aggregation services, insurance broking, and novated leasing. ...
How the Company Makes Money
COG makes money primarily by facilitating and distributing asset finance through broker aggregation and related platforms. Key revenue streams include: (1) Commissions and fees earned when finance written by brokers within its networks is settled ...
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
1.32
Price Trends
1.44
Positive
1.48
Negative
1.78
Negative
Market Momentum
>-0.01
Positive
46.25
Neutral
43.92
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 1.32 is below the 20-day moving average (MA) of 1.50, below the 50-day MA of 1.44, and below the 200-day MA of 1.78, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.25 is Neutral, neither overbought nor oversold. The STOCH value of 43.92 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% | |
67 Neutral | AU$311.38M | 14.89 | 13.31% | 2.86% | -38.87% | 60.62% | |
64 Neutral | AU$5.31B | 94.10 | 32.56% | 1.45% | 26.82% | -44.32% | |
61 Neutral | AU$130.94M | -328.90 | -0.22% | ― | -7.93% | -101.72% | |
52 Neutral | AU$338.79M | 19.48 | 15.42% | 2.81% | 12.61% | 69.59% | |
48 Neutral | AU$57.96M | 13.30 | 10.48% | ― | 15.57% | ― | |
46 Neutral | AU$11.21M | -3.46 | -17.55% | ― | 43.00% | -6078.57% |
* Financial Sector Average
AU:COG
COG Financial Services Limited
1.46
0.06
4.21%
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13.53%
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0.56
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-26.97%
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-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’...
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.