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

$3.15

09 Jul
2026

-0.030

OPEN

$3.19

-0.94%

HIGH

$3.22

218,254

LOW

$3.15

TARGET
$3.883 23.3% 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 . 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 14.5 xxx
DPS (cps) xxx 10.0 11.8 xxx
EPS Growth xxx 27.1% 26.7% xxx
DPS Growth xxx 25.0% 17.5% xxx
PE Ratio xxx N/A 21.9 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 87.4% 81.0% xxx

Dividend yield today if purchased 3 years ago: 3.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

29/06/2026

1

Buy

$4.20

33.33%

Qualitas hosted a webcast with management highlighting it has upgraded its long-term Australian funds management earnings (EBITDA) margin from over 50% to over 60% by using AI, Citi remarks.

By using 33 analytical agents across 1,900-plus risk questions for the proprietary credit execution platform, the analyst explains, Qualitas has been able to upgrade its margin outlook.

The update reinforces commentary from GPT Group's ((GPT)) recent "Human & Machine" research, a survey from major tenants, Citi notes, which outlined views that the physical workspace will be more important in an AI world.

Citi highlights that an expected 76% of respondents expect the headcount to remain "stable or grow" over the next two years.

The AI theme in real estate continues to develop, the broker remarks. Target price for Qualitas rises to $4.20 from $4 with an unchanged Buy rating.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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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%

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Jarden

17/06/2026

1

Buy

$3.80

20.63%

Jarden maintains a Buy rating for Qualitas with a $3.80 target price following the strategic acquisition of London-based commercial real estate private credit manager Starz Real Estate.

The total consideration of -$36.5m will be funded entirely from existing cash reserves, comprising $28m for co-investment positions and $8.5m for net positive working capital.

Through this transaction, the company establishes its first offshore platform and acquires a ten-person team managing a GBP376m portfolio across 11 investments in the United Kingdom and Europe.

The acquired loan portfolio is backed by two prominent institutional limited partners including a major sovereign wealth fund and a global pension fund.

The analyst notes the transaction is not expected to materially impact FY26 or FY27 earnings but successfully delivers a low-risk entry into the European marketplace.
Access Extra Coverage Research History >

QAL STOCK CHART

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