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Latitude Financial Services Group Limited

Financial Services AU LFS

1.15AUD
-(-%)

Last update at 2024-11-13T05:10:00Z

Day Range

1.151.15
LowHigh

52 Week Range

1.101.18
LowHigh

Fundamentals

  • Previous Close 1.15
  • Market Cap1169.64M
  • Volume39898
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-
  • Revenue TTM423.10M
  • Revenue Per Share TTM0.41
  • Gross Profit TTM 413.00M
  • Diluted EPS TTM-0.03

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 82.00M 222.70M -19.27200M 22.61M 57.51M
Minority interest 1.40M 0.60M - - -
Net income 37.70M 160.90M -11.22200M 28.94M 51.35M
Selling general administrative 265.00M 231.30M 360.63M 378.40M 386.84M
Selling and marketing expenses 27.50M 38.00M - - -
Gross profit - 29.70M 1101.98M 1293.23M 1252.69M
Reconciled depreciation 105.30M 92.90M - - -
Ebit 417.80M 505.70M - - -
Ebitda 523.10M 598.60M - - -
Depreciation and amortization 105.30M 92.90M - - -
Non operating income net other - - - - -
Operating income 417.80M 505.70M 363.65M 488.10M 495.15M
Other operating expenses 507.60M 479.30M 95.50M 259.42M 187.66M
Interest expense 216.30M 166.80M 0.00000M 0.12M 0.02M
Tax provision 24.10M 62.40M 9.53M 4.97M 13.23M
Interest income 218.70M 932.40M 278.58M 362.00M 363.16M
Net interest income 671.50M 762.70M - - -
Extraordinary items -21.60000M 16.30M -3.74700M 1.80M -
Non recurring - - - - -
Other items - - - - -
Income tax expense 24.10M 62.40M 40.00M 5.97M 13.23M
Total revenue 927.80M 29.70M 1130.67M 1312.82M 1271.78M
Total operating expenses 507.60M 479.30M - - -
Cost of revenue - 5.50M 28.70M 19.58M 19.09M
Total other income expense net -81.90000M -90.40000M - - -
Discontinued operations -21.60000M -21.60000M -1.50000M -1.50000M -1.50000M
Net income from continuing ops 57.90M 160.30M - - -
Net income applicable to common shares 37.70M 160.90M 45.20M 28.94M 51.35M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 7346.80M 7920.70M 8015.10M 7735.70M 8814.03M
Intangible assets - 203.60M 309.80M 834.80M 334.19M
Earning assets - - - - -
Other current assets -329.30000M 10.80M 8.20M 9.10M 0.33M
Total liab 6112.20M 6446.20M 6449.60M 6506.10M 8393.50M
Total stockholder equity 1234.60M 1471.40M 1561.00M 1229.60M 420.53M
Deferred long term liab - - - - -
Other current liab -1193.80000M 246.90M 312.10M 140.80M 117.75M
Common stock 2222.50M 2222.00M 2221.00M 1299.10M 496.99M
Capital stock - 2222.00M 2221.00M 1299.10M -
Retained earnings -335.00000M -123.40000M 7.20M -107.70000M -100.82100M
Other liab - - 133.80M 203.80M 146.39M
Good will 706.00M 728.30M 738.10M 521.00M 523.98M
Other assets 7346.80M 311.10M 186.50M 214.50M 219.83M
Cash 250.70M 364.00M 605.70M 507.60M 224.31M
Cash and equivalents - 358.30M 580.90M 331.30M 224.31M
Total current liabilities 1193.80M 1078.80M 1341.10M 475.80M 1795.17M
Current deferred revenue - 227.70M 301.40M - -
Net debt 5519.20M 5721.90M 5259.50M 5418.40M -
Short term debt 1193.80M 779.70M 949.10M 106.40M 79.89M
Short long term debt - 779.70M 949.10M - -
Short long term debt total 5769.90M 6085.90M 5865.20M 5926.00M -
Other stockholder equity - - -667.20000M -676.00000M 24.37M
Property plant equipment - 33.60M 69.20M 81.70M 91.34M
Total current assets - 3704.90M 3774.30M 6608.70M 7640.83M
Long term investments - 1.60M 1.60M 1.60M -
Net tangible assets - - 513.10M -474.70000M -437.63500M
Short term investments - - 83.60M - -
Net receivables 78.60M 3145.90M 3076.20M 6089.60M 7228.50M
Long term debt - 5306.20M 4916.10M 6306.10M 6385.86M
Inventory - 184.20M 0.60M 2.40M -
Accounts payable - 52.20M 79.90M 335.00M 130.17M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -652.90000M -627.20000M -667.20000M 38.20M -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 11.60M 6148.80M 5887.60M - -
Deferred long term asset charges - - - - -
Non current assets total 967.00M 4215.80M 4240.80M 1127.00M -
Capital lease obligations - - - - -
Long term debt total - 5330.90M 5865.20M 6374.20M 6468.62M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 39.40M -51.90000M 26.30M 26.30M 26.30M
Change to liabilities 0.00000M -7.70000M 17.30M -17.88400M -17.26500M
Total cashflows from investing activities 39.40M -238.70000M -43.20000M -55.48700M -61.29500M
Net borrowings - -84.90000M -1094.60000M -34.15500M 524.38M
Total cash from financing activities 0.40M -55.80000M -1117.00000M -64.11700M 517.36M
Change to operating activities - 21.10M 815.60M -464.01400M -831.39200M
Net income 36.30M 160.90M 45.20M 28.94M 51.35M
Change in cash -241.70000M 142.70M 138.60M -106.63600M 78.91M
Begin period cash flow 605.70M 463.00M - - -
End period cash flow 364.00M 605.70M 463.00M - -
Total cash from operating activities -289.90000M 431.70M 1297.50M 12.29M -378.06800M
Issuance of capital stock 1709.30M 2706.50M - - -
Depreciation 105.60M 59.30M 62.70M 61.05M 49.93M
Other cashflows from investing activities 64.30M -154.50000M -1.59100M 0.00000M -
Dividends paid -168.30000M -81.50000M 78.50M 78.50M 78.50M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 0.00000M 150.00M 0.00000M - 0.00000M
Other cashflows from financing activities 92.20M 101.50M -23.70000M -34.47600M -7.02900M
Change to netincome - 199.20M 342.30M 370.59M 339.57M
Capital expenditures 24.90M 84.20M 69.50M 55.49M 61.30M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -518.10000M -21.30000M 839.63M -437.32800M -807.35100M
Stock based compensation - - - - -
Other non cash items - - - - -
Free cash flow -24.90000M -84.20000M - - -

Peer Comparison

Sector: Financial Services Industry: Credit Services

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
LFS
Latitude Financial Services Group Limited		 - -% 1.15 - - 2.76 0.97 6.99 16.49
ZIP
Zip Co Limited		 -0.12 3.43% 3.38 308.50 384.62 4.64 10.29 7.10 17.12
CCP
Credit Corp Group Ltd		 -0.26 1.43% 17.94 24.59 12.22 3.28 1.43 3.90 14.36
LFG
Liberty Financial Group Pty Ltd		 0.05 1.49% 3.40 8.26 5.55 1.58 0.78 9.60 11.09
PPM
Pepper Money Ltd		 -0.035 2.54% 1.34 6.36 7.08 1.56 0.72 45.75 -

Reports Covered

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Profile

Latitude Group Holdings Limited operates in digital payments, instalments, and lending business in Australia, New Zealand, and internationally. It operates through three segments: Australian and New Zealand Pay, Australia and New Zealand Money, and Other. It provides various lending products comprising latitude loans, personal loans, motor loans, and credit cards. The company offers debt consolidation, car, home renovation, travel, boat, caravan, medical, and solar and battery loans, as well as insurance services. In addition, it provides sales finance services and payment and finance solutions to merchants and their customers; and is involved in factoring/BNPL lending and non-trading activities; as well as acts as a general and life insurer and operates a payment platform. Latitude Group Holdings Limited was incorporated in 2015 and is based in Melbourne, Australia.

Latitude Financial Services Group Limited

130 Lonsdale Street, Melbourne, VIC, Australia, 3000

Key Executives

Name Title Year Born
Mr. A. Fahour B.Ec (Hons), M.B.A., FAIM MD, CEO & Director 1967
Mr. Paul Varro Exec. GM of Fin. & Risk and CFO NA
Mr. Bob Belan Exec. Gen. Mang. of Money NA
Mr. Chris Blake Exec. Gen. Mang. of Corp. Services NA
Mr. Adrian Wong Gen. Counsel NA
Ms. Vicki Letcher BCom, BLLP, CA Company Sec. NA
Ms. Tiffany Barton Company Sec. NA
Mr. Robert Nicholas Belan MD & CEO NA
Mr. Robert Nicholas Belan MD & CEO NA
Mr. Paul Varro Executive GM of Finance & Risk and CFO NA

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