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: 0.13
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

$25.74

14 Apr
2025

0.290

OPEN

$25.65

1.14%

HIGH

$26.04

538,943

LOW

$25.29

TARGET
$26.321 2.3% upside
Franking for last dividend paid out: 100%
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 46.9 xxx
DPS (cps) xxx 28.0 37.3 xxx
EPS Growth xxx 24.0% 37.3% xxx
DPS Growth xxx 16.7% 33.2% xxx
PE Ratio xxx N/A 54.9 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 82.0% 79.6% xxx

Dividend yield today if purchased 3 years ago: 2.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.10

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

0.2

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Bell Potter

11/04/2025

3

Hold

$26.40

2.56%

Bell Potter notes Netwealth Group's 3Q25 update was overall positive, with net fund flow of $3.509bn in line with expectations as inflows rose and outflows slowed.

Funds under administration rose 2.4% q/q to $103.3bn, with the -1% negative impact from market weakness better than expected, reflecting diversified asset allocation.

The company expects strong net inflows in the seasonally-strong 4Q25 and is already seeing evidence of it.

The broker lifted FY26-27 EPS forecsast by 1%. Hold. Target rises to $26.40 from $25.80.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 37.50 cents and EPS of 47.40 cents.
Bell Potter forecasts a full year FY26 dividend of 46.00 cents and EPS of 54.10 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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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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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

14/04/2025

3

Upgrade to Neutral from Underweight

$24.30

-5.59%

Jarden notes Netwealth Group's 3Q25 custodial net flow of $3.454bn was in line with consensus, but funds under administration of $103.3bn came in -1.5% below consensus.

The wealth manager remains confident of the flow outlook and the broker has incorporated it in the forecasts, increasing the revenue margin forecast by 40bps on higher transaction fees and higher cash balances

However, the company also flagged higher costs ahead which, together with a subdued market outlook, resulted in a 0.4% rise to the FY25 EPS forecast but -4.4% fall to FY26.

Rating upgraded to Neutral from Underweight. Target cut to $24.30 from $24.95.

FORECAST
Jarden forecasts a full year FY25 dividend of 38.90 cents and EPS of 48.00 cents.
Jarden forecasts a full year FY26 dividend of 43.90 cents and EPS of 54.10 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

NWL STOCK CHART

FNArena News on NWL

1
Weekly Ratings, Targets, Forecast Changes – 11-04-25

Apr 14 2025 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 11-04-25

Apr 11 2025 - Weekly Reports
3
In Brief: Tariffs, Healthcare & Wealth Platforms

Apr 11 2025 - Weekly Reports
4
Rudi’s View: Best Buys & Conviction Calls On ASX

Apr 10 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Apr 10, 2025

Apr 10 2025 - Daily Market Reports

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