Credit Corp Group Limited (CCP) - Research

$26.120 0.68 (2.67%)

CCP General Information +

ASX Code CCP
Website http://www.creditcorpgroup.com.au
GICS Sub-Industry Consumer Finance
Market Cap ($M) 1,434
Current Price $26.120
Day High $26.350
Day Low $25.780
Last Close $25.440
Price Movement $0.68 ( 2.67% )
Prices as at 11:10, 19 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

CCP Company Overview

Business Description

Credit Corp Group Limited (CCP) is an Australian receivables management company which provides debt purchase and debt collection services, primarily focusing on the acquisition of purchased debt ledgers (PDLs) comprised of distressed consumer debt from Australian and New Zealand banks, finance companies, and telecommunication companies. CCP has a recent expansion to USA.

CCP Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 82.65 151.12 10.90% 16.83 75.08 2.95% 100.0%
2019 F 70.04 136.29 1.90% 18.67 70.11 2.76% 100.0%
2018 A 64.29 133.69 16.60% 14.84 67.00 3.38% 100.0%

CCP Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Credit Corp Group (CCP) $1,411M 0.1656 0.0954 0.1388 19.2221 17.5487 15.4104 2.61% 2.88% 3.27%
Eclipx Group (ECX) $430M -0.0512 -0.4007 0.0992 6.1528 10.2672 9.3403 11.90% 0.00% 7.43%
FlexiGroup (FXL) $682M -0.0658 -0.0993 0.0546 7.6684 8.5138 8.0728 4.45% 4.31% 4.42%
Money3 Corporation (MNY) $386M 0.0542 0.1013 0.0952 10.8997 9.8973 9.0367 4.48% 4.72% 3.54%

CCP Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.44 17.40 4.24 1.49
Market 0.88 17.10 1.49 1.65
Sector 0.90 12.90 1.03 1.65

CCP Directors

Name Position Start Date
Mr Richard J Thomas Non-Executive Director 22 Sep 2006
Mr Robert Fitz-Gerald Shaw Non-Executive Director 31 Mar 2008
Mr Eric Dodd Non-Executive Director 1 Jul 2009
Ms Leslie Martin Non-Executive Director 20 Mar 2014
Mr Donald (Don) Evan McLay Non-Executive Director, Non-Executive Chairman 31 Mar 2008

CCP Management

Name Position
Michael Eadie Chief Financial Officer,Company Secretary
Matthew Angell Chief Operating Officer
Thomas Beregi Company Secretary,Chief Executive Officer

CCP Substantial Shareholders

Holding Name
4,341,531 (9.10%) Bennelong Australian Equity Partners Ltd
3,800,000 (7.96%) Washington H. Soul Pattinson and Company Limited

CCP Calendar of Events

Date Event
28 January 2020 Report (Interim)
27 September 2019 Report (Annual)
30 July 2019 Report (Prelim)

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