NETWEALTH GROUP LIMITED (NWL)
Share Price Analysis and Chart

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NWL - NETWEALTH GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.13
Index: 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

$26.89

20 Jan
2025

0.180

OPEN

$26.77

0.67%

HIGH

$27.15

211,262

LOW

$26.73

TARGET
$27.029 0.5% upside
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 34.2 43.7 xxx
DPS (cps) xxx 28.0 35.2 xxx
EPS Growth xxx 24.0% 27.8% xxx
DPS Growth xxx 16.7% 25.7% xxx
PE Ratio xxx N/A 61.6 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 82.0% 80.6% xxx

Dividend yield today if purchased 3 years ago: 1.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.05

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: 26/08 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx34.2
DPS All xxxxxxxxxxxxxxx28.0
Sales/Revenue xxxxxxxxxxxxxxx249.5 M
Book Value Per Share xxxxxxxxxxxxxxx59.2
Net Operating Cash Flow xxxxxxxxxxxxxxx90.0 M
Net Profit Margin xxxxxxxxxxxxxxx33.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx62.32 %
Return on Invested Capital xxxxxxxxxxxxxxx56.94 %
Return on Assets xxxxxxxxxxxxxxx47.45 %
Return on Equity xxxxxxxxxxxxxxx62.32 %
Return on Total Capital xxxxxxxxxxxxxxx78.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx23.3 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx127 M
Price To Book Value xxxxxxxxxxxxxxx37.44

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx103 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 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

0.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

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$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

23/10/2024

3

Downgrade to Equal-weight from Overweight

$27.50

2.27%

Morgan Stanley raises its target for Netwealth Group to $27.50 from $23.50 and downgrades to Equal-weight from Overweight on valuation. The share price has risen by 80% in 2024.

The lower rating in no way diminishes the broker's regard for the group. In fact Netwealth is considered one of the best software businesses in Australia. Management's execution is praised, and structural tailwinds still prevail, note the analysts.

Overweight rating. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 36.60 cents and EPS of 44.60 cents.
Morgan Stanley forecasts a full year FY26 dividend of 44.20 cents and EPS of 53.90 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Wilsons

25/11/2024

3

Market Weight

$30.33

12.79%

Netwealth Group reportedf funds under administration of $98.6bn, up 12% since FY24-end, reflecting strong market uplift and robust net inflows despite a slower Q2 run-rate.

Wilsons highlights gross inflows remain at record levels, supported by fee-caps, stabilising pooled cash, and a risk-on equity environment.

The broker sees momentum across key levers, including moderate outflow rates, positive trading activity, and competitor migrations, suggesting a favourable medium-term outlook.

Market tailwinds are expected to drive further growth in funds under administration, with 2025 forecast net fund flows at $3.2bn (+25% year-on-year).

The price target is raised to $30.33 from $25.16. Market Weight rating unchanged.

FORECAST
Wilsons forecasts a full year FY25 dividend of 33.00 cents and EPS of 43.20 cents.
Wilsons forecasts a full year FY26 dividend of 41.70 cents and EPS of 51.40 cents.
Access Extra Coverage Research History >

NWL STOCK CHART

FNArena News on NWL

1
Weekly Ratings, Targets, Forecast Changes – 17-01-25

Jan 20 2025 - Weekly Reports
2
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jan 16, 2025

Jan 16 2025 - Daily Market Reports
4
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
5
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View

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