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FlexiGroup Limited (FXL)

FlexiGroup Limited (FXL)

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Gearing Available  Margin Lending Available (45%)

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General Information
Company Name: FlexiGroup Limited
Stock Code: FXL
Website: www.flexirent.com
Market Cap ($M): 349
Equiv. Shares (M): 228

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
  $ 1.290 $ 1.280 $ 1.295 $ 1.260 $ 1.300 134,313 $ -0.010  -0.769 %

Current Broker Consensus Recommendation more
Recommendation : Buy
Recommendation Date : 25th Feb 2010
12 Month Target Price (average) : $2.1
Brokers Surveyed : 2

Market Statistics
% of Market: 0.0277
% of Sector: 0.1951
Sector: Financials
Industry Group: Diversified Financials
Industry: Consumer Finance

Company Overview
Company Overview
FlexiGroup is a provider of retail point-of-sale lease and rental finance in Australia and New Zealand focusing on IT equipments such as desktop and laptop computers, computer peripherals and software and electrical appliances including audio visual equipment, whitegoods and browngoods. The company has also begun to offer personal and business loans and other financial services products, directly to active customers.

Financial Summary
Year to n/a
NPAT
Rep $M
NPAT1
Adj $M
EPS
c
EPS chg
%
PER
x
PER rel
All Ords x
PER rel
Sector x
DPS
c
Yield
%
Franking
%
ROE
%
2007 n/a 0.0 n/a n/a 0.0
2008 -11.6 0.0 n/a n/a 0.0
2009 -3.8 0.0 0.0 0.0 0.0
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.

Peer Comparison
P/E (x) EPS Change (%) Dividend Yield (%)
Company Code Last Price Mkt Cap 07A 08F 07A 08F 07A 08F
Computershare CPU $10.11 $5,618M 14.1202 14.8000 19.6700 6.7000 2.4400 2.8000
Iress Market Technology IRE $8.25 $1,040M 25.3917 17.6000 17.4700 38.5000 3.9600 4.5000
CSG Limited CSV $1.89 $456M 14.2005 12.0534 -39.5328 17.8132 2.3810 2.6455
FlexiGroup FXL $1.29 $349M 5.4930 n/a -3.7900 n/a 7.6900 n/a
Technology One TNE $0.88 $264M 15.8203 15.4000 -9.8600 11.8000 4.6300 4.7000

Share Price Returns
3 Months (%) 6 Months (%) 12 Months (%)
FXL -5.8700 -7.5500 14.2200
Sector -10.4109 -4.5369 11.7885
Market -6.7540 -1.9465 7.4232

Ratio Comparison
Year FXL Sector Market
P/E (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
Yield (%) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
EV/EBIT (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a
EV/EBITDA (x) FY07 0.0 n/a n/a
FY08 0.0 n/a n/a

Directors
Name Position
M Jackson Director
R Dhawan Director
R J Skippen Director
J DeLano Director
A Abercrombie Director


Substantial Shareholders
Name % Holding
FlexiGroup 38.9300
Eighth SRJ 33.2700

Calendar of Events
Date Event
15-Apr-2010 Dividend Date Payable for Half Yearly Result (3c 100% franked)
16-Mar-2010 Dividend Record Date for Half Yearly Result (3c 100% franked)
10-Mar-2010 Dividend Ex-Dividend Date for Half Yearly Result (3c 100% franked)
26-Nov-2009 AGM Date for Final Year Result
15-Oct-2009 Dividend Date Payable for Final Year Result (3c 100% franked)


Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
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