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COG Financial Services Limited
(Sydney:COG)
COG Financial Services Limited (COG) vs. S&P 500 (SPY)
COG Financial Services Limited Business Overview & Revenue Model
COG Financial Services Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 512.48M | 498.98M | 366.01M | 320.77M | 267.77M | 215.86M | Gross Profit |
| 293.72M | 292.95M | 132.47M | 105.39M | 92.26M | 70.71M | EBIT |
| 82.17M | 32.37M | 47.83M | 41.30M | 36.96M | 14.60M | EBITDA |
| 75.90M | 74.28M | 62.41M | 53.25M | 48.32M | 26.85M | Net Income Common Stockholders |
| 12.21M | 12.85M | 8.05M | 19.68M | -26.38M | -10.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 135.19M | 125.68M | 101.80M | 76.11M | 94.51M | 31.86M | Total Assets |
| 707.55M | 687.12M | 593.00M | 518.22M | 476.69M | 326.16M | Total Debt |
| 398.11M | 376.75M | 283.73M | 243.27M | 225.94M | 97.05M | Net Debt |
| 262.92M | 251.07M | 181.93M | 167.17M | 131.43M | 65.19M | Total Liabilities |
| 507.00M | 483.49M | 378.53M | 310.61M | 287.03M | 133.77M | Stockholders Equity |
| 150.26M | 151.69M | 163.92M | 170.95M | 152.34M | 174.18M |
| Cash Flow | Free Cash Flow | ||||
| 47.54M | 35.66M | 28.55M | 205.73M | 187.95M | 61.14M | Operating Cash Flow |
| 53.51M | 46.36M | 31.79M | 208.19M | 190.85M | 62.82M | Investing Cash Flow |
| -97.54M | -87.16M | -19.53M | -201.93M | -75.11M | -56.43M | Financing Cash Flow |
| 71.61M | 64.69M | 13.44M | -24.67M | -55.92M | 2.26M |
COG Financial Services Limited Technical Analysis
COG Financial Services Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$268.44M | 21.56 | 7.94% | 5.21% | 16.16% | 32.97% | |
64 Neutral | AU$358.29M | 34.56 | 9.89% | 2.72% | 23.52% | 7.96% | |
64 Neutral | $12.74B | 9.83 | 7.63% | 17000.35% | 12.34% | -5.32% | |
63 Neutral | €952.94M | 8.91 | 13.05% | 4.19% | 6.70% | 126.16% | |
62 Neutral | AU$514.46M | 17.26 | 15.01% | 4.11% | 9.49% | -0.36% |
COG Financial Services Limited Corporate Events
COG Financial Services Limited announced a change in the director’s interest, with John Dwyer acquiring 311,753 ordinary fully paid shares through an on-market acquisition, increasing his total holdings to 4,500,000 shares. This acquisition reflects a strategic move by the director, potentially signaling confidence in the company’s future performance and impacting stakeholder perceptions positively.
COG Financial Services Ltd has announced that 1851 Capital Pty Ltd has become a substantial holder in the company as of April 17, 2025. 1851 Capital Pty Ltd acquired 10,527,058 ordinary shares, representing a 5.22% voting power in COG Financial Services Ltd. This acquisition may influence the company’s shareholder dynamics and potentially impact its strategic decisions moving forward.
COG Financial Services Limited announced a change in the director’s interest, with John Dwyer acquiring an additional 500,000 ordinary fully paid shares at a value of $1.14 per share, totaling $570,000. This acquisition increases his total holdings to 4,188,247 shares, potentially strengthening his influence within the company and signaling confidence in its future prospects.
COG Financial Services Limited reported a 5% increase in underlying performance for Q3 FY25, driven by strong growth in its Novated Leasing segment. The company experienced record volumes in March, attributed to the end of tax incentives for Plug-in Hybrid Electric Vehicles. COG has also strengthened its position as a government salary packaging and novated lease provider by joining panels for WA Police and Tasman Health Department. Despite a reduced contribution from its TL Commercial operating lease business, which ceased new business in FY20, COG continues to see significant growth opportunities through consolidation and organic expansion across its business segments.
COG Financial Services Limited has announced the appointment of John Dwyer as a Non-Executive Director effective April 3, 2025. Dwyer holds a significant interest in the company through 3,688,247 ordinary fully paid shares held by Glendale Dwyer Pty Ltd. Additionally, he is set to receive 2,500,000 unlisted options, contingent on shareholder approval, which are exercisable at $1.30 and expire in March 2028 or six months after he ceases to be a director. This appointment and the associated incentives may influence the company’s strategic direction and governance.
COG Financial Services Limited announced the appointment of Antony Robinson as a Non-Executive Director and Chair, effective April 3, 2025. Robinson holds 2,500,000 ordinary fully paid shares through Robinson House Pty Ltd and has been granted 2,500,000 unlisted options, exercisable at $1.30. This strategic appointment is expected to strengthen the company’s leadership and potentially enhance its market position.
COG Financial Services Limited announced a proposed issue of up to 5,000,000 new securities, with an exercise price of $1.30, set to expire on March 31, 2028. This move is part of a placement or other type of issue, with the proposed issue date being June 6, 2025, potentially impacting the company’s market positioning and offering new opportunities for stakeholders.
COG Financial Services Limited announced the resignation of Mark Crain as a director, effective April 3, 2025. This change in the board may impact the company’s strategic direction and governance, as Crain held significant shares through associated entities, which could influence shareholder dynamics.
COG Financial Services Limited announced the cessation of Stephen White as a director, effective April 3, 2025. At the time of his departure, White held no direct securities but had an indirect interest in 250,000 ordinary fully paid shares through a related entity, SLAUBENK PTY LTD. This change in directorship may impact the company’s governance structure and could have implications for its strategic direction.
COG Financial Services Limited announced a change in the director’s interest, with Stephen White disposing of 144,875 ordinary fully paid shares at an average price of $1.1901 per share, totaling $172,413.64. This transaction reduces his indirect holding to 250,000 shares, and it was conducted as an on-market sale, not during a closed period, indicating a strategic adjustment in shareholding by the director.
COG Financial Services Limited announced the cessation of Patrick Tuttle as a director effective April 3, 2025. The notice highlights that Tuttle holds no direct securities but has an indirect interest in 285,005 ordinary fully paid shares through Bond Street Custodians Limited. This change in directorship may impact the company’s strategic direction and stakeholder relations.
COG Financial Services Limited, listed on the ASX, has announced a change in the interests of a substantial holder. NAOS Asset Management Limited has reduced its voting power in COG Financial Services from 16.56% to 12.14%, indicating a significant shift in shareholder dynamics. This change may impact the company’s market position and influence among stakeholders, as it reflects a notable adjustment in the ownership structure.
COG Financial Services Limited has announced a significant change in the director’s interest, with Cameron McCullagh disposing of 20,000,000 ordinary fully paid shares at a value of $1.00 per share, totaling $20,000,000. This transaction, executed through an on-market crossing, reflects a substantial shift in shareholding, which could impact the company’s market perception and shareholder dynamics.
GEGM Investments Pty Limited, along with its associates, has reduced its voting power in COG Financial Services Limited from 22.45% to 12.24%. This change was due to an on-market transaction involving $20,000,000 worth of shares, affecting 20,000,000 votes. The adjustment in voting power could impact the company’s shareholder dynamics and influence in decision-making processes.
COG Financial Services Limited announced significant changes to its Board of Directors, with Patrick Tuttle, Stephen White, and Mark Crain resigning, and John Dwyer and Tony Robinson joining as Non-executive Director and Non-executive Chairman, respectively. These changes aim to leverage Dwyer and Robinson’s expertise in the insurance broking sector to drive growth in COG’s core Finance Broking & Aggregation business, enhancing shareholder value and attracting new investors. The outgoing directors were praised for their contributions to COG’s growth into a large, diversified national business.
COG Financial Services Limited reported its financial results for the first half of 2025, showing a revenue of $251.0 million and an EBITDA of $18.6 million. The company experienced a 6% decrease in revenue compared to the previous corresponding period, with a noted 3% increase when adjusted for the reduced contribution from its TL Commercial lease business. The results indicate a slight decline in net profit after tax attributable to shareholders, reflecting the company’s ongoing adjustments in its business operations.
COG Financial Services Limited reported a 6% decrease in NPATA to $11.8 million for the first half of FY25, with a 10% drop in EPSA and a 25% reduction in interim dividend. Despite these declines, the company achieved a 13% growth in assets under management and made several strategic acquisitions, including additional stakes in QPF Holdings and Heritage Finance, as well as full acquisitions of Community Salary Packaging and Cap Coast Home Loans. The company maintains a strong balance sheet with $83.7 million in unrestricted cash, positioning it for further growth through organic means and acquisitions. The novated leasing segment continues to perform well, and the company is focusing on expanding its retail fixed income products.
COG Financial Services Limited has announced a new dividend distribution for its ordinary fully paid securities, with a distribution amount of AUD 0.03 per share. The dividend relates to the six-month period ending December 31, 2024, with an ex-date of March 10, 2025, and a payment date set for April 11, 2025. The company’s Dividend Reinvestment Plan is suspended for this interim dividend, which may impact stakeholders who participate in the plan.
COG Financial Services Limited reported its half-year financial results for the period ending December 31, 2024. The company experienced a 7% increase in revenue from continuing operations compared to the previous year, reaching $252.98 million. However, net profit from continuing operations decreased by 9% to $13.6 million. The earnings per share also saw a decline, and the interim dividend was reduced to 3.0 cents per share. These results indicate a mixed performance, with revenue growth but a decline in profitability, which may impact investor sentiment and company strategy moving forward.