QUALITAS LIMITED (QAL)
Share Price Analysis and Chart

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QAL

QAL - QUALITAS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 1.08
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.14

26 Feb
2026

0.000

OPEN

$3.14

0.000

HIGH

$3.21

140,056

LOW

$3.13

TARGET
$3.98 26.8% upside
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 . NWL . PAC . PNI . PPS . PPT . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
QAL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 11.4 14.8 xxx
DPS (cps) xxx 10.0 12.1 xxx
EPS Growth xxx 27.1% 29.4% xxx
DPS Growth xxx 25.0% 20.5% xxx
PE Ratio xxx N/A 20.9 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 87.4% 81.4% xxx

Dividend yield today if purchased 3 years ago: 3.52%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.23

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: 04/09 - ex-div 7.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx11.4
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx116.3 M
Book Value Per Share xxxxxxxxxxxxxxx129.6
Net Operating Cash Flow xxxxxxxxxxxxxxx21.5 M
Net Profit Margin xxxxxxxxxxxxxxx28.73 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.94 %
Return on Invested Capital xxxxxxxxxxxxxxx6.75 %
Return on Assets xxxxxxxxxxxxxxx5.62 %
Return on Equity xxxxxxxxxxxxxxx8.94 %
Return on Total Capital xxxxxxxxxxxxxxx8.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-8.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx52 M
Total Debt xxxxxxxxxxxxxxx54 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx149 M
Price To Book Value xxxxxxxxxxxxxxx2.66

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx5.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx11 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx58 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx161 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

18/02/2026

1

Outperform

$4.16

32.48%

Qualitas delivered first half earnings that were in line with forecasts. FY26 net profit guidance has been reiterated at $60-66m with EPS guidance edging down -0.7% to 13.9-15.3c per security.

Macquarie is positive regarding the structural drivers that underpin the business as well as the quality of the platform. Opportunities are seen shifting towards larger investments, with around 78% of deals in the year to date at over $100m.

Target is raised to $4.16 from $4.04 and an Outperform rating is maintained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 12.10 cents and EPS of 14.60 cents.
Macquarie forecasts a full year FY27 dividend of 12.70 cents and EPS of 17.40 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

19/02/2026

1

Buy

$4.40

40.13%

Qualitas has delivered a strong 1H26 result, with net profit before tax of $30.2m modestly ahead of both Jarden and consensus, supported by record gross deployment of $3.7bn and operating leverage.

The broker highlights transaction fees of $12.9m were materially stronger than expected, while performance fees and principal income were softer, and FY26 net profit before tax guidance of $60m–$66m was reaffirmed.

The deployment pipeline has grown to $5.5bn, with $1.8bn already approved and mandated by the investment committee, supporting medium-term base management fee growth.

Jarden lifts FY26 forecasts by 2% (0% change for FY27). Buy retained with the target increasing to $4.40 from $4.26.

FORECAST
Jarden forecasts a full year FY26 dividend of 13.50 cents and EPS of 14.40 cents.
Jarden forecasts a full year FY27 dividend of 15.80 cents and EPS of 17.30 cents.
Access Extra Coverage Research History >

QAL STOCK CHART

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