HMC CAPITAL LIMITED (HMC)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

HMC

HMC - HMC CAPITAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 5.34
Index: ASX300 | ALL-ORDS

HMC Capital is an alternative asset manager investing across real estate, private equity, private credit, energy and digital infrastructure.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.03

07 Oct
2026

0.030

OPEN

$2.95

1.00%

HIGH

$3.04

1,193,408

LOW

$2.95

TARGET
$3.832 26.5% upside
Franking for last dividend paid out: 16%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HUB . IFT . IRE . KAM . KSL . L1G . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
HMC: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 11.9 33.5 xxx
DPS (cps) xxx 12.0 15.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 25.0% xxx
PE Ratio xxx N/A 9.0 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx N/A 44.7% xxx

Dividend yield today if purchased 3 years ago: 2.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.99

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: 01/09 - (franking ex-div 6.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-11.9
DPS All xxxxxxxxxxxxxxx12.0
Sales/Revenue xxxxxxxxxxxxxxx181.9 M
Book Value Per Share xxxxxxxxxxxxxxx373.9
Net Operating Cash Flow xxxxxxxxxxxxxxx31.5 M
Net Profit Margin xxxxxxxxxxxxxxx10.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx1.18 %
Return on Invested Capital xxxxxxxxxxxxxxx1.08 %
Return on Assets xxxxxxxxxxxxxxx0.91 %
Return on Equity xxxxxxxxxxxxxxx1.18 %
Return on Total Capital xxxxxxxxxxxxxxx2.55 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-25.2 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx303 M
Total Debt xxxxxxxxxxxxxxx308 M
Goodwill - Gross xxxxxxxxxxxxxxx114 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx176 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx7.1 M
Capex % of Sales xxxxxxxxxxxxxxx3.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx124 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx105 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

0.7

No. Of Recommendations

6
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.
Login above or Get a Free Trial

UBS

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

Bell Potter

27/08/2026

1

Buy

$4.20

38.61%

HMC Capital reported FY26 earnings above Bell Potter and consensus. FY27 underlying earnings guidance of at least 35c is above 30.2c in FY26. Dividend guidance of 15.0c is 25% above Bell Potter and consensus, and prior years.

The broker recently upgraded HMC to Buy and the result provides confidence that the company is turning the corner from an earnings momentum perspective, and indeed management has articulated a clear message of earnings upside to items not included in guidance.

As headwinds turn to tailwinds, HMC screens inexpensively, Bell Potter suggests, trading at just 9.3x one-year forward underlying earnings. Target rises to $4.20 from $3.85, Buy retained.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 15.00 cents and EPS of 35.20 cents.
Bell Potter forecasts a full year FY28 dividend of 16.00 cents and EPS of 38.30 cents.

Morgans

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

30/08/2026

3

Neutral

$3.45

13.86%

Jarden retains a Neutral rating for HMC Capital with its target price increased to $3.45 from $3.06 following the announcement of a pre-tax operating EPS of 40.4c.

This result was supported by 10.2c of unrealised gains across the Energy and Private Equity platforms.

Management guided to FY27 earnings of over 35c, adopting a new "Underlying EPS" definition that excludes revaluations to reflect a strategic shift towards cash earnings.

The analyst incorporates this new definition, resulting in a 5% uplift to FY27 forecasts, and models an EPS compound annual growth rate of 6.7% through FY30.

Commentary notes the company's pivot away from chasing aspirational assets under management in favour of higher-quality earnings should lead to a more supportive cost of capital.
Access Extra Coverage Research History >

HMC STOCK CHART

FNArena News on HMC

1
Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More

Oct 08 2026 - Rudi's View
2
A-REITs Facing More RBA Rate Pressure In FY27

Sep 18 2026 - Feature Stories
3
Rudi’s View: Post-August Stock Picks & Best Buys

Sep 10 2026 - Rudi's View
4
Rudi’s View: Australia Remains Outside The AI Party

Sep 09 2026 - Rudi's View
5
August 2026 Results – The Wrap

Sep 08 2026 - Feature Stories

Latest Wealth Management & Investments News

1
Weekly Update On LICs & LITs – 06-Oct-2026

Oct 07 2026 - Weekly Reports
2
ASIC Watch: Digital Disclosure Under Scrutiny

Oct 05 2026 - Australia
3
Weekly Update On LICs & LITs – 30-Sep-2026

Sep 30 2026 - Weekly Reports
4
Higher US Rates Are Good, But Mostly Bad

Sep 30 2026 - International
5
Treasure Chest: Macquarie Group

Sep 28 2026 - Treasure Chest
6
Weekly Update On LICs & LITs – 23-Sep-2026

Sep 23 2026 - Weekly Reports
7
Netwealth Adds AI To Close Gap With Hub24

Sep 22 2026 - Australia
8
Monthly Listed Investment Trust Report – Sep 2026

Sep 21 2026 - Australia
9
Weekly Update On LICs & LITs – 15-Sep-2026

Sep 15 2026 - Weekly Reports
10
Infratil’s Investor Day, The Next Catalyst?

Sep 14 2026 - Australia