Centuria Capital, or Centuria, has increased its stake in lender Centuria Bass Credit, or Bass, to 80%, up from the 50% it has held since 2021. Centuria paid AUD 57 million for the additional stake, paying half in cash and half with Centuria scrip, with an adjustment for tangible assets.
Only a modest amount of FUM is eligible for redemption each year, which makes it unlikely that Centuria will face outflows at the devastating pace that some equity fund managers have experienced.
One third of Centuria’s FUM is in single-asset funds, which may be at higher risk of redemptions and wind-ups. Some underlying funds carry high debt levels.
|
Metric
|
CNI
|
CMW
|
CHC
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.44 | 10.59 | 11.66 |
Price/Book Value | 0.95 | 0.54 | 1.87 |
Price/Sales | 4.63 | 3.32 | 9.12 |
Price/Cash Flow | 11.09 | 6.91 | 12.14 |
|
Metric
|
CNI
|
CMW
|
CHC
|
|---|---|---|---|
Quick Ratio | 2.79 | 0.31 | 2.57 |
Current Ratio | 3.57 | 1.28 | 2.71 |
Interest Coverage | 3.04 | −5.35 | −3.47 |
|
Metric
|
CNI
|
CMW
|
CHC
|
|---|---|---|---|
Return on Assets (Normalized) | 3.49% | −12.00% | −4.50% |
Return on Equity (Normalized) | 5.87% | −23.12% | −5.63% |
Return on Invested Capital (Normalized) | 3.61% | −11.42% | −4.69% |
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Name
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