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Challenger Limited

CGF.AXFinancial ServicesASX

Insurance - Life

PriceMA150MA200
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Financials · Annual
Revenue
$2.30B
+16.0% YoY
Net Income
$192.3M
+48.0% YoY
EBITDA
$1.12B
+15.0% YoY
Free Cash Flow
$1.02B

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About Challenger Limited

Headquartered within the financial services sector, Challenger Limited focuses on Insurance - Life services and products. Challenger Limited is a publicly owned investment manager. The $6.19B market capitalization puts CGF.AX squarely in mid-cap range for its industry. The company also provides retirement services to its clients.

Key stats
Market Cap$6.19B
P/E (TTM)14.47
Fwd P/E12.57
EPS$0.62
Beta0.61
52W Change+12.4%
Dividend Yield3.46%
ROE11.6%
Analysis

Challenger Limited holds $18.81B in cash against $8.04B in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $1.02B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 11.6% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.03B (2022) to $2.30B (2025), reflecting a 123% increase over the period.

With a beta below 0.7, Challenger Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. With cash comfortably exceeding debt, CGF.AX has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Challenger Limited's trajectory.

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