GENERATION DEVELOPMENT GROUP LIMITED (GDG)
Share Price Analysis and Chart

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GDG

GDG - GENERATION DEVELOPMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 0.01
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.40

19 Jun
2025

-0.330

OPEN

$5.75

-5.76%

HIGH

$5.76

3,017,002

LOW

$5.31

TARGET
$5.845 8.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDC . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
GDG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 3.0 8.3 xxx
DPS (cps) xxx 1.9 2.0 xxx
EPS Growth xxx 29.7% 100.0% xxx
DPS Growth xxx 1.4% 2.7% xxx
PE Ratio xxx N/A 64.5 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx 65.6% 24.2% xxx

Dividend yield today if purchased 3 years ago: 1.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.37

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 11/03 - ex-div 1c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx1.9
Sales/Revenue xxxxxxxxxxxxxxx109.2 M
Book Value Per Share xxxxxxxxxxxxxxx77.1
Net Operating Cash Flow xxxxxxxxxxxxxxx20.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.35 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx4.32 %
Return on Invested Capital xxxxxxxxxxxxxxx4.23 %
Return on Assets xxxxxxxxxxxxxxx0.18 %
Return on Equity xxxxxxxxxxxxxxx4.32 %
Return on Total Capital xxxxxxxxxxxxxxx201.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,539 M
Price To Book Value xxxxxxxxxxxxxxx3.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx18 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-190 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

28/04/2025

1

Overweight

$5.65

4.63%

Morgan Stanley highlights Generation Development shares declined -15% after the 3Q25 results, which were mixed, the broker states, with investment bonds and Lonsec Managed Account inflows better than expected, but market movements and inflows from Evidentia impacted the latter's funds under management (FUM).

The analyst stresses Evidentia now needs a substantial gain in FUM for 4Q25 to achieve guidance of $18.5bn.

Investment bonds continued the robust momentum into the March quarter with inflows rising 63% on a year earlier, and this could grow if the Labour government is re-elected and passes legislation to double the tax rate on Super account balances over $3m to 30%.

The broker explains the tailwinds are positive for Evidentia and managed accounts, with the problems in this quarter due to timing issues.

Morgan Stanley lowers EPS estimates by -2% to -5% for FY25/FY26, with target price slipping to $5.65 from $6.30.

Overweight rating retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 2.00 cents and EPS of 8.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 3.40 cents and EPS of 12.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Moelis

12/05/2025

1

Buy

$5.81

7.59%

BlackRock took a minority stake in Generation Development by investing $25m and forming a strategic alliance

Under the deal, BlackRock will develop new retirement solutions for Australian retirees using the company's expertise in retirement income and its own global investment and technology capabilities.

Moelis has incorporated the placement into forecasts but expects the minor dilution to be more than offset by benefits from the deal, which it hasn't factored in yet. At this stage, the broker has highlighted upside potential as it conducts more analysis.

Buy. Target rises to $5.81 from $5.72.

FORECAST
Moelis forecasts a full year FY25 dividend of 2.00 cents and EPS of 8.30 cents.
Moelis forecasts a full year FY26 dividend of 4.70 cents and EPS of 11.50 cents.
Access Extra Coverage Research History >

GDG STOCK CHART

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