Challenger Limited (CGF.AX)
Financial Services · ASX · Australia
Fundamentals
Valuation and ratings
Challenger Limited trades at AUD10.44, which is 125% below the AUD23.47 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 53 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CGF.AX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | AUD0.155 | 1 |
| 2025 | AUD0.295 | 2 |
| 2024 | AUD0.265 | 2 |
| 2023 | AUD0.240 | 2 |
| 2022 | AUD0.230 | 2 |
| 2021 | AUD0.200 | 2 |
| 2020 | AUD0.175 | 1 |
| 2019 | AUD0.355 | 2 |
| 2018 | AUD0.355 | 2 |
| 2017 | AUD0.345 | 2 |
| 2016 | AUD0.325 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CGF.AX earnings and analyst estimates
Recommendation mix, 11 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Challenger Limited
Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets across the world. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.
CGF.AX passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Challenger Limited (CGF.AX) undervalued?
Against our discounted cash flow estimate of AUD23.47, CGF.AX at AUD10.44 is 125% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is CGF.AX's P/E ratio?
CGF.AX trades at 17.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Challenger Limited (CGF.AX) pay a dividend?
Yes. Challenger Limited yields 2.91% at the current share price. It has paid AUD0.305 per share over the trailing twelve months. It has paid a dividend in each of the last 21 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.