How to buy Credit Corp shares

Credit Corp Group Limited is a credit services business based in Australia. Credit Corp shares (CCP) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Credit Corp has a trailing 12-month revenue of around $256.3 million.

How to buy shares in Credit Corp

1. 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.
2. 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.
3. Search for Credit Corp. Find the share by name or ticker symbol: CCP. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Credit Corp reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $N/A, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Credit Corp. 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.

Credit Corp share price

Use our graph to track the performance of CCP stocks over time.

Credit Corp shares at a glance

• Key figures

Information last updated 2020-09-25.

52-week range	AUDA$6.01 - AUDA$37.99
50-day moving average	AUDA$18.3986
200-day moving average	AUDA$16.541
Target price	AUDA$22.68
PE ratio	68.9804
Dividend yield	AUDA$0.72 (4.34%)
Earnings per share (TTM)	AUDA$0.255

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• Brokerage - AU shares: From AUD 5 or 0.05%
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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Credit Corp 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.

Technical Analysis of Credit Corp Group Limited by TradingView

Is Credit Corp under- or over-valued?

Valuing Credit Corp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Credit Corp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Credit Corp's P/E ratio

Credit Corp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 69x. In other words, Credit Corp shares trade at around 69x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Credit Corp financials

Revenue TTM	$256.3 million
Operating margin TTM	8.8%
Gross profit TTM	$222.7 million
Return on assets TTM	2.25%
Return on equity TTM	2.92%
Profit margin	6.03%
Book value	8.827
Market capitalisation	$1.1 billion

TTM: trailing 12 months

Credit Corp share dividends

Dividend payout ratio: 282.35% of net profits

Recently Credit Corp has paid out, on average, around 282.35% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.34% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Credit Corp shareholders could enjoy a 4.34% return on their shares, in the form of dividend payments. In Credit Corp's case, that would currently equate to about A$0.72 per share.

Credit Corp'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 1 March 2020 (the "ex-dividend date").

Credit Corp share price volatility

Over the last 12 months, Credit Corp's shares have ranged in value from as little as $6.01 up to $37.99. 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 Credit Corp's is 1.206. This would suggest that Credit Corp'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).

Credit Corp overview

Credit Corp Group Limited provides debt purchase and collection, and consumer lending services in Australia and the United States. It operates through three segments: Debt Ledger Purchasing ? Australia and New Zealand, Debt Ledger Purchasing ? United States, and Consumer Lending ? Australia and New Zealand. The company offers debt sale, contingency and agency collection, local government debt recovery, and hardship and insolvency management services, as well as various loan products. It provides financial services under the Wallet Wizard, ClearCash, CarStart Finance, Credit 2U, and CapTrove brands. Credit Corp Group Limited was founded in 1992 and is headquartered in Sydney, Australia.

Frequently asked questions

• What percentage of Credit Corp is owned by insiders or institutions?

  Currently 4.757% of Credit Corp shares are held by insiders and 32.839% by institutions.

• When does the fiscal year end for Credit Corp?

  Credit Corp's fiscal year ends in June.

• Where is Credit Corp based?

  Credit Corp's address is: 201 Kent Street, Sydney, NSW, Australia, 2000

• What is Credit Corp's ISIN number?

  Credit Corp's international securities identification number is: AU000000CCP3