A cash cow, CBA’s dividend payout began at 1.7 cents for FY2021, to 3.4 cents for the next two years, before reaching 4.0 cents in FY 2024. On Nov 12, the company announced plans to return 9 cents per share, or nearly $20.7 million, to shareholders, which it deems excess capital. On a pro forma basis, CBA’s ROE would improve drastically to 33.4% from 24.8%.
Since its November 2020 listing, Credit Bureau Asia (CBA) has maintained a very low profile, attracting scant coverage from brokers. Yet it is an epitome of steady growth, be it revenue, net income, return on equity (ROE) or dividends, that suits investors with the patience to collect steady returns.
From FY2021 to FY2024, revenue grew at a CAGR of 7.1%, from $45.38 million to $59.71 million. Net income’s CAGR was 9.4%, rising from $7.84 million to $11.24 million, while ROE has improved every year from 17.2% for FY2021 to 22.2% for FY2024.
