How to buy Australian Finance Group shares | A$2.1
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Australian Finance Group Limited is a mortgage finance business based in Australia. Australian Finance Group shares (AFG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.1 – an increase of 15.7% over the previous week. Australian Finance Group has a trailing 12-month revenue of around $682 million.
How to buy shares in Australian Finance Group
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Australian Finance Group. Find the share by name or ticker symbol: AFG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Australian Finance Group reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $2.1, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Australian Finance Group. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Australian Finance Group key stats
- Compare share trading platforms
- Is Australian Finance Group stock a buy or sell?
- Australian Finance Group performance over time
- Are Australian Finance Group shares over-valued?
- Australian Finance Group's financials
- How volatile are Australian Finance Group shares?
- Does Australian Finance Group pay a dividend?
- Other common questions
How has coronavirus impacted Australian Finance Group's share price?
Since the stock market crash in March caused by coronavirus, Australian Finance Group's share price has had significant negative movement.
Its last market close was $2.1, which is 30.92% down on its pre-crash value of $3.04 and 128.26% up on the lowest point reached during the March crash when the shares fell as low as $0.92.
If you had bought $1,000 worth of Australian Finance Group shares at the start of February 2020, those shares would have been worth $339.28 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $749.99.
Australian Finance Group share priceUse our graph to track the performance of AFG stocks over time.
Australian Finance Group shares at a glance
|Latest market close||AUDA$2.1|
|52-week range||AUDA$0.92 - AUDA$2.99|
|50-day moving average||AUDA$1.7507|
|200-day moving average||AUDA$1.5953|
|Dividend yield||AUDA$0.09 (5.18%)|
|Earnings per share (TTM)||AUDA$0.171|
Standard brokerage - Australian shares
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Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Australian Finance Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Australian Finance Group price performance over time
|1 week (2020-09-21)||16.02%|
|1 month (2020-08-28)||13.82%|
|3 months (2020-06-29)||22.09%|
|6 months (2020-03-28)||N/A|
|1 year (2019-09-27)||-5.83%|
|2 years (2018-09-28)||40.47%|
|3 years (2017-09-29)||23.53%|
|5 years (2015-09-29)||116.49%|
Is Australian Finance Group under- or over-valued?
Valuing Australian Finance Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Australian Finance Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Australian Finance Group's P/E ratio
Australian Finance Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Australian Finance Group shares trade at around 11x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Australian Finance Group financials
|Revenue TTM||$682 million|
|Operating margin TTM||7.37%|
|Gross profit TTM||$90.4 million|
|Return on assets TTM||1.06%|
|Return on equity TTM||26.91%|
|Market capitalisation||$526 million|
TTM: trailing 12 months
Australian Finance Group share dividends
Dividend payout ratio: 64.36% of net profits
Recently Australian Finance Group has paid out, on average, around 64.36% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.18% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Australian Finance Group shareholders could enjoy a 5.18% return on their shares, in the form of dividend payments. In Australian Finance Group's case, that would currently equate to about A$0.09 per share.
Australian Finance Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 8 September 2020 (the "ex-dividend date").
Australian Finance Group share price volatility
Over the last 12 months, Australian Finance Group's shares have ranged in value from as little as $0.92 up to $2.99. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Australian Finance Group's is 1.0458. This would suggest that Australian Finance Group's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Australian Finance Group overview
Australian Finance Group Limited, together with its subsidiaries, provides mortgage broking services in Australia. The company operates in two segments, AFG Wholesale Mortgage Broking and AFG Home Loans. It offers residential mortgages; home loans; business loans, such as commercial real estate, equipment and vehicle, inventory, working capital, and start-up finance, as well as franchisee loans and invoice finance/accounts receivable; and insurance products. The company was formerly known as Australian Finance Group Pty Ltd. Australian Finance Group Limited was founded in 1994 and is headquartered in West Perth, Australia.
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