COUNT LIMITED (CUP)
Share Price Analysis and Chart

18/08/2026

1

Initiation of coverage with Buy

$2.00

35.59%

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.

28/08/2026

1

Buy

$2.00

35.59%

Canaccord Genuity maintains a Buy rating for Count with its target price increased to $2.00 from $1.65 following an FY26 result featuring EBITDA of $33.4m and operating cash flow of $31.1m.

A final dividend of 3c was declared, bringing total FY26 declared dividends to 5c.

The analyst believes the company is positioned to benefit from structural industry growth driven by an ageing population and increasing levels of wealth.

Earnings per share assumptions for FY27 and FY28 are increased by between 0.5% and 2.1% to reflect recent changes from the Oracle acquisition.

The broker views the stock as undervalued, offering an attractive combination of medium- and long-term growth against an undemanding valuation.