L1 GROUP LIMITED (L1G)
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L1G

L1G - L1 GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.02
Index: ASX300 | ALL-ORDS

L1 Group is an alternative investment manager formed through the combination of L1 Capital and Platinum Asset Management.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.185

22 Sep
2026

0.045

OPEN

$1.18

3.95%

HIGH

$1.19

2,813,488

LOW

$1.15

TARGET
$1.283 8.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
L1G: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 6.4 5.9 xxx
DPS (cps) xxx 3.0 3.1 xxx
EPS Growth xxx 100.0% - 7.5% xxx
DPS Growth xxx - 86.0% 3.3% xxx
PE Ratio xxx N/A 20.7 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 47.0% 52.5% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.46

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 - ex-div 2.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx935.0 M
Book Value Per Share xxxxxxxxxxxxxxx31.8
Net Operating Cash Flow xxxxxxxxxxxxxxx383.1 M
Net Profit Margin xxxxxxxxxxxxxxx15.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx28.76 %
Return on Invested Capital xxxxxxxxxxxxxxx28.14 %
Return on Assets xxxxxxxxxxxxxxx20.46 %
Return on Equity xxxxxxxxxxxxxxx28.76 %
Return on Total Capital xxxxxxxxxxxxxxx126.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx79.6 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx14 M
Total Debt xxxxxxxxxxxxxxx17 M
Goodwill - Gross xxxxxxxxxxxxxxx143 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx182 M
Price To Book Value xxxxxxxxxxxxxxx3.56

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx3.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx17 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx147 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx137 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

0.5

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

18/08/2026

1

Outperform

$1.30

9.70%

L1 Group's FY26 earnings were 8% ahead of consensus, reflecting stronger affiliate income, performance fees and lower costs, somewhat offset by lower base fees, Macquarie notes. 

The planned cost-out was upgraded to -$43m (previously -$35m), although this is to be reinvested in new affiliates and offshore distribution teams.

Given L1's robust fund performance and significant fund capacity, Macquarie anticipates net inflows should accelerate from here. Balance sheet optionality will also support L1 in pursuing growth opportunities including acquisitions and seeding new funds.

Target rises to $1.30 from $1.25, Outperform retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 3.50 cents and EPS of 5.80 cents.
Macquarie forecasts a full year FY28 dividend of 4.20 cents and EPS of 7.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

Canaccord Genuity

23/09/2026

1

Initiation of coverage with Buy

$1.41

18.99%

Canaccord Genuity initiates coverage with a Buy rating for L1 Group with a $1.41 target price, viewing the transformational reverse merger between L1 Capital and Platinum Asset Management as creating a near-$20bn funds under management powerhouse.

The analyst notes the flagship long/short strategies deliver a highly repeatable earnings stream, with the recently upsized $1.4bn L1 Capital Gold Fund poised to provide incremental performance fees.

Potential near-term catalysts include the fundraising progress of PXC Advisors, the launch of a balanced equities fund, and the introduction of new affiliate strategies.

At the end of FY26, the combined entity held over $19bn in funds under management, with the ongoing corporate goal being the stabilisation of the remaining $5bn from Platinum.

Canaccord Genuity derives the valuation from an equally weighted blend of a discounted cash flow model and a 20x price-to-earnings multiple applied to FY28 estimates to reflect the high quality and strong alignment of the earnings profile.

FORECAST
Canaccord Genuity forecasts a full year FY27 EPS of 5.48 cents.
Canaccord Genuity forecasts a full year FY28 EPS of 6.56 cents.
Access Extra Coverage Research History >

L1G STOCK CHART

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