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: 0.09
Index: ASX100 | 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

$25.81

26 Feb
2026

0.430

OPEN

$25.91

1.69%

HIGH

$26.11

1,214,706

LOW

$25.34

TARGET
$30.921 19.8% 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 . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 47.6 50.2 xxx
DPS (cps) xxx 38.5 43.7 xxx
EPS Growth xxx 39.4% 5.3% xxx
DPS Growth xxx 37.5% 13.5% xxx
PE Ratio xxx N/A 51.4 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 80.8% 87.1% xxx

Dividend yield today if purchased 3 years ago: 2.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.49

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: 03/09 - ex-div 21.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx47.6
DPS All xxxxxxxxxxxxxxx38.5
Sales/Revenue xxxxxxxxxxxxxxx316.4 M
Book Value Per Share xxxxxxxxxxxxxxx81.3
Net Operating Cash Flow xxxxxxxxxxxxxxx126.8 M
Net Profit Margin xxxxxxxxxxxxxxx36.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx67.81 %
Return on Invested Capital xxxxxxxxxxxxxxx63.27 %
Return on Assets xxxxxxxxxxxxxxx52.16 %
Return on Equity xxxxxxxxxxxxxxx67.81 %
Return on Total Capital xxxxxxxxxxxxxxx80.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.2 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 xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx173 M
Price To Book Value xxxxxxxxxxxxxxx41.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx7.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.50 %
Cost of Goods Sold xxxxxxxxxxxxxxx124 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx42 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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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Ord Minnett

19/02/2026

3

Hold

$26.00

0.74%

Ord Minnett raises its target price on Netwealth Group to $26.00 from $25.50 and retains a Hold rating following better-than-expected revenue trends evident at interim results. Earnings also beat the consensus estimate by 3%.

Funds under administration (FUA) growth and resilient net inflows supported earnings, explains the analyst, while margins remained stable despite competitive pressures.

The broker lifts its revenue forecasts modestly, driving low-to-mid single digit upgrades to EPS forecasts across the forecast period.

While operational momentum remains sound, Ord Minnett considers valuation full at current levels.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 43.00 cents and EPS of 56.20 cents.
Ord Minnett forecasts a full year FY27 dividend of 48.80 cents and EPS of 65.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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%

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Jarden

24/02/2026

3

Neutral

$26.85

4.03%

Netwealth Group reported a 1H26 EPS beat of 7.3% versus consensus, or 2.7% adjusting for a lower tax rate, with Jarden noting stronger revenues and higher other income offset softer administration and management fee trends.

The broker highlights stable revenue margins as a positive, but remains cautious given softer quarter-to-date net flows of $1.6bn and sees the flow gap to HUB24 ((HUB)) persisting as investment lifts to support growth.

Jarden trims FY26 net flow assumptions to $15.8bn and lowers outer year forecasts, forecasting EBITDA margins of 48.8% in FY26 versus guidance around 49% amid continued cost growth.

A Neutral rating is retained, and the target decreases to $26.85 from $27.15, reflecting earnings revisions and valuation roll-forward. EPS forecasts are reduced by -2.8% and -3.9% for FY26 and FY27.

FORECAST
Jarden forecasts a full year FY26 dividend of 43.50 cents and EPS of 55.00 cents.
Jarden forecasts a full year FY27 dividend of 50.30 cents and EPS of 61.00 cents.
Access Extra Coverage Research History >

NWL STOCK CHART

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Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Feb 25, 2026

Feb 25 2026 - Daily Market Reports
3
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4
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Feb 23 2026 - Weekly Reports
5
FNArena Corporate Results Monitor – 19-02-2026

Feb 19 2026 - Australia

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