Want to see AU:COG full AI Analyst Report?
Top Page
COG Financial Services Limited
(Sydney:COG)
Select Model
Select Model
Rating:69Neutral
Price Target:
AU$2.00
â–²(51.52% Upside)
Action:Downgraded
Date:08/27/26
The score is driven primarily by improving financial performance and strong free-cash-flow generation, tempered by a leveraged balance sheet and historical volatility. Technicals are supportive (price above major moving averages and positive MACD) but moderated by an overbought RSI. Valuation is broadly reasonable with a mid P/E and a solid dividend yield.
Positive Factors
Accelerating revenue and earnings growth
Strong FY2026 revenue growth and the rise in net income from approximately $8.1M in FY2023 to $24.2M indicate improving scale and customer activity. Sustained growth can strengthen operating leverage and support the company’s asset-finance platform.
Negative Factors
Elevated financial leverage
COG relies substantially on borrowing relative to its equity base, increasing sensitivity to funding costs, credit losses and weaker earnings. Although debt declined in FY2026, steady equity and still-high leverage constrain balance-sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue and earnings growth
Strong FY2026 revenue growth and the rise in net income from approximately $8.1M in FY2023 to $24.2M indicate improving scale and customer activity. Sustained growth can strengthen operating leverage and support the company’s asset-finance platform.
Read all positive factors
COG Financial Services Limited (COG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$362.56M
Dividend Yield4.12%
Average Volume (3M)294.53K
Price to Earnings (P/E)14.7
Beta (1Y)0.38
Revenue Growth9.71%
EPS Growth23.18%
CountryAU
Employees1,000
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.12
Shares Outstanding213,273,060
10 Day Avg. Volume391,194
30 Day Avg. Volume294,527
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.85
Price to Sales (P/S)0.72
P/FCF Ratio3.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.15Price Target Upside62.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.16
Revenue Forecast (FY)AU$438.67M
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 originating and administering asset finance and earning income across broking/origination and lending activities. Key revenue streams typically include: (1) Brokerage/origination income: commissions and fees earned whe...
COG Financial Services Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
57
Neutral
Cash Flow
78
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 403.43M | 367.73M | 362.35M | 366.01M | 320.77M |
| Gross Profit | 193.44M | 283.43M | 169.20M | 132.47M | 105.39M |
| EBITDA | 90.90M | 75.16M | 74.28M | 62.41M | 53.25M |
| Net Income | 24.24M | 18.77M | 12.85M | 8.05M | 19.68M |
Balance Sheet | |||||
| Total Assets | 743.92M | 694.80M | 687.12M | 593.00M | 518.22M |
| Cash, Cash Equivalents and Short-Term Investments | 187.00M | 149.25M | 125.68M | 101.80M | 76.11M |
| Total Debt | 345.81M | 375.98M | 376.75M | 283.73M | 243.27M |
| Total Liabilities | 537.30M | 488.30M | 483.49M | 378.53M | 310.61M |
| Stockholders Equity | 156.28M | 152.08M | 151.69M | 163.92M | 170.95M |
Cash Flow | |||||
| Free Cash Flow | 81.38M | 45.92M | 35.66M | 28.55M | 205.73M |
| Operating Cash Flow | 82.36M | 49.30M | 46.36M | 31.79M | 208.19M |
| Investing Cash Flow | -7.24M | 2.66M | -87.16M | -19.53M | -201.93M |
| Financing Cash Flow | -37.37M | -28.39M | 64.69M | 30.12M | -24.67M |
COG Financial Services Limited Technical Analysis
Positive
1.32
Price Trends
1.40
Positive
1.42
Positive
1.54
Positive
Market Momentum
0.06
Negative
69.91
Neutral
74.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:COG, the sentiment is Positive. The current price of 1.32 is below the 20-day moving average (MA) of 1.48, below the 50-day MA of 1.40, and below the 200-day MA of 1.54, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 69.91 is Neutral, neither overbought nor oversold. The STOCH value of 74.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$289.30M | 21.69 | 22.26% | 4.00% | 7.58% | -27.93% | |
69 Neutral | AU$362.56M | 14.74 | 15.76% | 2.86% | 9.71% | 23.18% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$6.04B | 50.21 | 21.88% | 0.82% | 23.25% | 50.21% | |
58 Neutral | AU$5.04B | 81.12 | 38.95% | 1.98% | 21.01% | -48.10% | |
54 Neutral | AU$297.36M | 44.93 | 5.79% | 3.72% | 7.20% | -51.06% |
* Financial Sector Average
AU:COG
COG Financial Services Limited
1.70
-0.21
-11.13%
AU:HUB
HUB24 Limited
73.81
-28.34
-27.74%
AU:PPS
Praemium Ltd
0.62
-0.14
-17.99%
AU:NWL
Netwealth Group Ltd.
20.37
-10.85
-34.75%
AU:FID
Fiducian Group Ltd
9.11
-2.72
-22.97%
COG Financial Services Limited Corporate Events
COG Financial Services lifts earnings and dividend on stronger FY 2026 results
Aug 26, 2026
COG Financial Services Limited reported strong FY 2026 results, with revenue rising 9% to $399.8 million, and EBITDA attributable to shareholders increasing 28% to $51.5 million. Earnings per share rose 27% to 15.63 cents, while the final dividend...
COG lifts profit and dividend as salary packaging surges, targets further growth in FY27
Aug 26, 2026
COG Financial Services reported underlying EBITDA attributable to shareholders of $51.5 million for the year to 30 June 2026, a 28% increase driven largely by an 88% jump in salary packaging earnings and strong growth in novated leasing customers ...
COG Financial Services Declares Final Dividend and Suspends DRP
Aug 25, 2026
COG Financial Services Limited has announced a final dividend of AUD 0.035 per ordinary fully paid share for the six‑month period ended 30 June 2026. The dividend timetable sets an ex‑dividend date of 31 August, a record date of 1 Sept...
COG Financial Services Files FY2026 Governance Disclosures with ASX
Aug 25, 2026
COG Financial Services Limited has lodged its Appendix 4G and Corporate Governance Statement for the financial year ended 30 June 2026 with the Australian Securities Exchange. The governance statement, approved by the board and current as of 26 Au...
COG Financial Services lifts profit and dividends despite negative tangible asset base
Aug 25, 2026
COG Financial Services Limited, a diversified Australian financial services group, derives its revenue from continuing operations in funding, leasing and related commercial finance solutions for business customers. Through its controlled entities,...
COG Financial Services Sets Investor Webinar for FY26 Results
Aug 24, 2026
COG Financial Services Limited has scheduled an investor webinar to present its financial results for the 2026 financial year, with Chief Executive Officer Andrew Bennett and Chief Financial Officer Richard Balzer leading the briefing. The online ...
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.