NETWEALTH GROUP LIMITED (NWL)
Share Price Analysis and Chart

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NWL

NWL - NETWEALTH GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.13
Index: ASX200 | ASX300 | ALL-ORDS

Netwealth is an Australian financial platform operator offering superannuation, retirement, investment and managed account facilities. Founded in 1999 it became a listed company in 2017.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.26

10 Jul
2025

-0.860

OPEN

$34.77

-2.45%

HIGH

$35.44

534,692

LOW

$33.99

TARGET
$29.671

+1.16 change from previous day

 -13.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 34.2 47.1 xxx
DPS (cps) xxx 28.0 37.5 xxx
EPS Growth xxx 24.0% 37.9% xxx
DPS Growth xxx 16.7% 34.1% xxx
PE Ratio xxx N/A 73.1 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 82.0% 79.7% xxx

Dividend yield today if purchased 3 years ago: 2.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.81

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/08 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx34.2
DPS All xxxxxxxxxxxxxxx28.0
Sales/Revenue xxxxxxxxxxxxxxx249.5 M
Book Value Per Share xxxxxxxxxxxxxxx59.2
Net Operating Cash Flow xxxxxxxxxxxxxxx90.0 M
Net Profit Margin xxxxxxxxxxxxxxx33.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx62.32 %
Return on Invested Capital xxxxxxxxxxxxxxx56.94 %
Return on Assets xxxxxxxxxxxxxxx47.45 %
Return on Equity xxxxxxxxxxxxxxx62.32 %
Return on Total Capital xxxxxxxxxxxxxxx78.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx23.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx127 M
Price To Book Value xxxxxxxxxxxxxxx37.44

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx103 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

10/07/2025

3

Neutral

$33.65

-1.78%

Citi highlights Netwealth Group reported softer-than-expected net inflows for 4Q25 of $3.65bn, which was in line with a year earlier but sat below the broker's forecast by -6% and below consensus forecast by -17%.

Inflows advanced 18% on the previous year to $7.6bn but also sat below the broker's $8.1bn forecast, and outflows rose 18% on a year earlier but were down as a percentage of funds under administration compared to last year.

Cash balances were more robust than anticipated, averaging 6.1%, up from 5.8% in the previous quarter and above Citi's estimate.

Member accounts advanced by 13% to 162k, or a net rise of 6.5k on 4.3k in 3Q25. The broker expects slight earnings upgrades for consensus forecasts on better cash balance and record opening accounts.

Rated Neutral with a $33.65 target.

FORECAST
Citi forecasts a full year FY25 dividend of 35.80 cents and EPS of 46.60 cents.
Citi forecasts a full year FY26 dividend of 41.60 cents and EPS of 54.20 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxx xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

07/07/2025

4

Downgrade to Underweight from Neutral

$27.90

-18.56%

Jarden marked-to-market investment movements for insurance and wealth stocks for the June quarter, noting a fall in risk-free rates, a strong rebound in global equities, USD depreciation and credit spread compression.

The sharp recovery in equity markets drove upgrades to FUA/FUM for wealth and diversified financials stocks.

EPS forecast for Netwealth Group lifted by 2.2% for FY25 and by 5.1% for FY26.

Target rises to $27.90 from $24.95. Rating downgraded to Underweight from Neutral.

FORECAST
Jarden forecasts a full year FY25 dividend of 39.80 cents and EPS of 49.00 cents.
Jarden forecasts a full year FY26 dividend of 46.30 cents and EPS of 56.80 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

NWL STOCK CHART

FNArena News on NWL

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 11-07-25

10:30 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 10, 2025

Jul 10 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jul 07, 2025

Jul 07 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 04-07-25

Jul 07 2025 - Weekly Reports
5
Pinnacle’s Horizons Target Global Growth

Jun 26 2025 - Small Caps

Latest Wealth Management & Investments News

1
Monthly Listed Investment Trust Report – Jul 2025

Jul 09 2025 - Australia
2
Weekly Update On LICs & LITs – 08-Jul-2025

Jul 08 2025 - Weekly Reports
3
Pinnacle’s Ready For New Highs

Jul 08 2025 - Technicals
4
Weekly Update On LICs & LITs – 02-Jul-2025

Jul 02 2025 - Weekly Reports
5
GQG Partners’ Low Cost Model Appeals

Jul 01 2025 - Australia
6
Pinnacle’s Horizons Target Global Growth

Jun 26 2025 - Small Caps
7
Weekly Update On LICs & LITs – 24-Jun-2025

Jun 24 2025 - Weekly Reports
8
Weekly Update On LICs & LITs – 17-Jun-2025

Jun 17 2025 - Weekly Reports
9
Monthly Listed Investment Trust Report – Jun 2025

Jun 11 2025 - Australia
10
Weekly Update On LICs & LITs – 11-Jun-2025

Jun 11 2025 - Weekly Reports