Credit Corp (ASX: CCP) $12.79
CCP -7%; delivered a solid FY26 result, with profit, revenue and dividends all higher. However, shares fell due to a tougher US debt-purchasing environment and a softer investment pipeline.
Credit Corp (CCP)
CCP $15.54
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 15.54
- Change
- ▼ -0.03 (-0.19)
- Bid / Ask
- 15.53 - 15.55
- Volume
- 17,454
- Turnover
- 270,081
- Open
- 15.57
- Day Range
- 15.39 - 15.60
- VWAP
- 15.47
- Prev Close
- 15.57
- Last Trade
- 06/11 10:59am
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Financial Services
- Shares Issued
- 68,066,856
- NTA/Share
- 13.18
- Last Dividend
- 0.46
- Dividend Ex Date
- 14 SEP 2026
- Dividend Pay Date
- 25 SEP 2026
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 584.62
- EBITDA
- 196.71
- Profit
- 105.51
- Earnings Per Share (EPS)
- 1.55
- Dividend Per Share (DPS)
- 0.68
- Yield %
- 5.16
- Market Cap
- 1,058.44
- Price to Earnings Ratio (P/E)
- 10.03
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 619.10
- EBITDA
- 213.30
- Profit
- 113.99
- Earnings Per Share (EPS)
- 1.67
- Dividend Per Share (DPS)
- 0.84
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 14.08 Fair value 16.18 One-star price 18.59
Morningstar Quantitative Rating as of 30 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 16.18
- Price / Fair Value
- 0.93
- Valuation
- Undervalued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 30 OCT 2026. The slider runs from the five-star price (14.08) to the one-star price (18.59).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 15.01 |
| Price - 12 month high | 15.34 |
| Price - 12 month low | 9.50 |
| Pricing date | 29 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.25 |
| Market capitalization | 1,021.69 |
| 12 Month High price date | 28 OCT 2026 |
| 12 Month Low price date | 23 MAR 2026 |
| Volume - avg. trading volume for the last 3 months | 0.33 |
| Price - 1 Day % Change | 1.21% |
| Price - 13 week price percent change | 8.45% |
| Price - 26 week price percent change | 40.02% |
| Price - 5 Day % Change | 3.45% |
| Price - 52 week price percent change | 2.67% |
| Price - YTD price percent change | 6.76% |
| Price % Change Month To Date | 7.29% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 1.550 |
| EPS excluding extraordinary items - trailing 12 month | 1.550 |
| EPS Normalized - most recent fiscal year | 1.550 |
| Revenue/share - most recent fiscal year | 8.589 |
| Revenue/share - trailing 12 month | 8.589 |
| Book value per share - most recent fiscal year | 13.427 |
| Book value per share - most recent half-year | 13.427 |
| Book value (tangible) per share - most recent fiscal year | 13.179 |
| Book value (tangible) per share - most recent half-year | 13.179 |
| Cash per share - most recent fiscal year | 0.904 |
| Cash per share - most recent half-year | 0.904 |
| Cash Flow per share - most recent fiscal year | 0.040 |
| Cash Flow per share - trailing 12 month | 0.040 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.775 |
| EBITD per share - trailing 12 month | 2.890 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 1.550 |
| EPS Basic excluding extraordinary items - trailing 12 month | 1.550 |
| EPS including extraordinary items - most recent fiscal year | 1.550 |
| EPS including extraordinary items - trailing 12 month | 1.550 |
| Free Cash Flow per share - trailing 12 month | -0.122 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 9.68 |
| P/E Normalized, most recent fiscal year | 9.68 |
| Price to sales - most recent fiscal year | 1.75 |
| Price to Tangible Book - most fiscal year | 1.14 |
| Price to Free Cash Flow per Share - most recent fiscal year | — |
| Price to Cash Flow per share - trailing 12 month | 377.84 |
| Price to Book - most recent fiscal year | 1.12 |
| P/E excluding extraordinary items high, trailing 12 months | 10.62 |
| P/E excluding extraordinary items low, trailing 12 months | 7.05 |
| Net Debt, LFI | 424.58 |
| Net Debt, LFY | 429.84 |
| Dividend Yield - 5 Year Average | 3.52% |
| Dividend Yield - indicated annual dividend divided by closing price | 5.17% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 5.16% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | -8.28 |
| LT debt/equity - most recent fiscal year | 53.18% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 53.76% |
| LT debt/equity - most recent half-year | 52.13% |
| Total debt/total equity - most recent half-year | 52.72% |
| Free Cash Flow - trailing 12 month | -8.28 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 584.62 |
| Revenue - trailing 12 month | 584.62 |
| EBITD - most recent fiscal year | 196.71 |
| EBITD - trailing 12 month | 196.71 |
| Earnings before taxes - most recent fiscal year | 150.23 |
| Earnings before taxes - trailing 12 month | 150.23 |
| Net Income available to common - most recent fiscal year | 105.51 |
| Net Income available to common - trailing 12 months | 105.51 |
| Earnings before taxes Normalized - most recent fiscal year | 150.23 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.55 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 18.05% |
| Net Profit Margin % - trailing 12 month | 18.05% |
| Operating margin - 1st historical fiscal year | 31.96% |
| Operating margin - trailing 12 month | 31.96% |
| Pretax margin - trailing 12 month | 25.70% |
| Pretax margin - 1st historical fiscal year | 25.70% |
| Operating Margin - 5 year average | 21.15% |
| Pretax Margin - 5 year average | 28.23% |
| Free Operating Cash Flow/Revenue, 5 Year Average | -8.63% |
| Free Operating Cash Flow/Revenue, TTM | -1.42% |
| Net Profit Margin - 5 year average | 19.88% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 7.32% |
| Return on average assets - trailing 12 month | 7.32% |
| Return on average equity - most recent fiscal year | 11.74% |
| Return on average equity - trailing 12 month | 11.74% |
| Return on average assets - 5 year average | 7.67% |
| Return on average equity - 5 year average | 11.03% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 11.08% |
| EPS growth rate, 5 year | 3.60% |
| Growth rate% - dividend, 3 year | 4.85% |
| Revenue/share (5 yr growth) | 11.01% |
| Growth rate% - Revenue, 3 year | 11.84% |
| Growth rate% - EPS, 3 year | 5.39% |
| Book value per share growth rate, 5 year | 6.26% |
| Capital Spending growth rate, 5 year | 31.59% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 6.65% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Credit Corp (CCP) $16.40
CCP’s business model is to buy bad debts at a discount and collect them for a profit, while also offering collection services to lenders. It’s a specialist in managing and monetising non-performing loans. CCP experienced a significant downturn in FY24 due to market conditions and US asset impairments, but the company has rebounded in FY25 with improved financial performance and optimistic projections for the future, although the markets are not convinced.
Credit Corp (CCP) $17.73
CCP +16.19% is a very volatile stock, particularly around results time and while it’s been a poor performer over the past 12 months, it did have a similar rally this time last year. Today, their FY25 results were inline with expectations, though their FY26 guidance was strong – hopefully a sign of things to come:
Credit Corp (CCP) $15.95
CCP –12.55%: Reported half-yearly results, hitting the mark on revenue but disappointing on the earnings line:
Credit Corp (CCP) $17.32
CCP +13.95%: Rallied today after reporting FY24 results that on an underlying basis were mildly stronger than expected, though that wasn’t as obvious when the numbers first hit given an impairment and change in accounting estimates to do with collections i.e. lengthening the collection life cycle assumption from six years to eight years for accounting purposes had a negative impact. Looking through this, the debt collector reported underlying net profit after tax (NPAT) of $81.2m vs consensus of $73.5m while the dividend for the 2H of 23cps was ahead of expectations.
Credit Corp (CCP) $17.21
CCP -2.55%: the lender and debt recovery agency was out with 1H numbers today, kicking off the reporting season on a slightly sour tone. Credit Corp flagged a $45m write down of their US Purchased Debt Ledgers (PDLs) at the AGM in October given a weak collection environment that continued through the end of the year.
Credit Corp (CCP) $11.97
CCP -30.53%: the debt collector fell to 3-year lows today after taking a knife to asset values and guidance. The company said collection conditions had continued to deteriorate after flagging the higher delinquencies at results in August. As a consequence, the company has reduced the value of their US Purchased Debt Ledger (PDL) assets by $45m.
Credit Corp (CCP) $20.63
CCP -12.58%: the debt collection company kicked off reporting season today with a largely disappointing update regarding guidance. FY23 though was broadly in line with revenue of $473m and the dividend of 70cps both slightly beating consensus and Net Profit of $91.3m a slight miss.
Credit Corp Group Ltd (CCP) $23.11
CCP kicks off reporting season on the 2nd of August with the market clearly looking for good things from the debt collection company. With the “mortgage cliff” about to hit Australia through 2H we feel there’s a good chance of an increase of debt to be purchased while the strong employment data suggests defaults won’t blow out as many had expected in 2023.
Credit Corp Group Ltd (CCP) $16.90
Debt collection company CCP has already fallen -16.7% this financial year but with interest rate hikes starting to bite the consumer we believe debt ledgers will become more readily available as people struggle with rising repayments across their various borrowings i.e. we have all heard about the “mortgage cliff” about to unfold in Australia.
Action
Updated
04/08/2026
17:07
CCP
Updated 04/08/2026 17:07
MM has no interest in CCP ~$12.80
Updated
22/09/2025
17:11
CCP
Updated 22/09/2025 17:11
MM is cautiously bullish towards Credit Corp
Updated
07/08/2025
17:45
CCP
Updated 07/08/2025 17:45
MM is neutral CCP ~$18
Updated
30/01/2025
17:44
CCP
Updated 30/01/2025 17:44
MM is neutral on CCP
Updated
31/07/2024
09:58
CCP
Updated 31/07/2024 09:58
MM has turned mildly positive CCP
Updated
31/01/2024
16:58
CCP
Updated 31/01/2024 16:58
MM has no interest in CCP
Updated
19/10/2023
08:13
CCP
Updated 19/10/2023 08:13
MM remains bearish CCP
Updated
01/08/2023
17:15
CCP
Updated 01/08/2023 17:15
MM is bearish CCP
Updated
21/07/2023
09:02
CCP
Updated 21/07/2023 09:02
MM is bullish toward CCP short-term
Updated
16/05/2023
09:54
CCP
Updated 16/05/2023 09:54
MM likes CCP into weakness below $17
Business Summary
Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist ofunsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale, but can be subject to increased regulatory scrutiny as it grows.
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