Money3 Corporation Limited (MNY)



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General Information
Company Name: Money3 Corporation Limited
Stock Code: MNY
Website: www.money3.com.au
GICS Sub-Industry: Consumer Finance
Market Cap ($M): 143
Equiv. Shares (M): 108

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.320 $ 1.310 $ 1.330 $ 1.310 $ 1.330 29,341 $ -0.010  -0.752 %

Current Broker Consensus Recommendation more
Recommendation: Strong Buy (1)
Recommendation Date: 30th Oct 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Money3 Corporation Limited (MNY) is a licensed credit provider of short term loans and financial services, specialising in the delivery of small cash loans, personal loans, vehicle financing, equipment and car rental, and cheque cashing. Money3 currently has a 69 branch network throughout Victoria, New South Wales, South Australia, Queensland and Tasmania. The Company also is a member of The Credit Ombudsman Service Limited, an external dispute resolution scheme.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 10.8 30.0 12.3 5.4 4.1 --
2015  F -- 8.3 8.2 15.9 4.8 3.6 --
2014  A 7.8 7.7 33.5 13.0 4.5 4.5 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Magellan Financial Group (MFG) $2,154 M 0.6786 -- -- 27.6074 -- -- 2.84 -- --
Money3 Corporation (MNY) $144 M 0.3350 0.0824 0.2995 17.3856 16.0628 12.3606 3.38 3.61 4.06
OzForex Group (OFX) $602 M -- 0.0562 0.1979 28.2022 26.7021 22.2913 0.95 3.19 3.59

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MNY 0.85 16.8 1.74 0.90 3.11
Market 1.16 13.8 1.03 1.05 3.00
Sector 1.25 13.9 1.04 1.67 7.69

Directors
Name Position Start Date
Mr Scott Baldwin Chief Operating Officer,Executive Director 13 January 2009
Mr Robert Bryant Executive Director,Chief Executive Officer 25 November 2005
Mr Miles Lawrence Hampton Non-Executive Director 01 September 2014
Ms Bettina Evert Non-Executive Director 28 February 2006
Mr Christopher Baldwin Non-Executive Director 25 November 2005
Mr Kang Hong Tan Non-Executive Director 25 November 2005
Mr Vaughan Webber Non-Executive Director,Non-Executive Chairman 19 December 2013

Management
Name Position
Craig Harris Chief Financial Officer,Company Secretary

Substantial Shareholders
Holding Name
7,130,036 (9.12%) Hosking Financial Investments Pty Ltd
4,061,057 (5.19%) Picton Cove Pty Ltd
5,453,358 (6.97%) Pie Funds Management Ltd
7,440,535 (9.93%) Rocsange Pty Ltd

Calendar of Events
Date Event
20 August 2015 Report (Prelim)
24 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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