COUNT LIMITED (CUP)
Share Price Analysis and Chart

18/08/2026

1

Initiation of coverage with Buy

$2.00

51.52%

Count is one of the largest integrated financial advice and accounting businesses in Australia. It has three operating segments: equity partnerships (52% of group revenues); wealth (29%); and services (19%).

The equity partnerships business comprises Count's equity stakes in approximately 500 accounting and advice firms. Count appears well-placed to benefit from a number of structural tailwinds, Ord Minnett suggests.

Ord Minnett initiates coverage with a Buy rating and target price of $2.00.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 5.00 cents and EPS of 7.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 6.00 cents and EPS of 9.00 cents.

22/07/2026

1

Buy

$1.65

25.00%

Canaccord Genuity maintains a Buy rating for Count with its target price held at $1.65 following the completion of the Oracle acquisition on 20 July 2026.

Upfront consideration decreased to $49.0m to reflect normalised FY26 EBITA of $9.1m, driven by one-off items including work-in-progress write-offs and integration disruptions.

The analyst highlights that earn-out hurdles remain unchanged whilst pre-tax cost synergy expectations have increased to $1.25m to be realised within 24 months.

Integration efforts are well advanced with rebranding to Count Wealth completed on day one, limiting any adverse impact on FY27 earnings.

The broker anticipates the transaction will drive low double-digit EPS growth in FY27 alongside favourable industry tailwinds.