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

$31.72

20 Feb
2025

-0.090

OPEN

$32.69

-0.28%

HIGH

$33.40

1,081,314

LOW

$31.48

TARGET
$31.157

+2.29 change from previous day

 -1.8% downside
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 46.1 xxx
DPS (cps) xxx 28.0 37.5 xxx
EPS Growth xxx 24.0% 34.8% xxx
DPS Growth xxx 16.7% 33.8% xxx
PE Ratio xxx N/A 68.8 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 82.0% 81.3% xxx

Dividend yield today if purchased 3 years ago: 1.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.88

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

0.1

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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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

21/02/2025

3

Equal-weight

$29.50

-7.00%

Morgan Stanley, at first glance, notes the first half results from Netwealth Group beat expectations, aided by lower tax rates. The main positive is net inflows, the momentum continuing into the second half amid revenue margin expansion.

  in terms of concerns, these centre on reinvestment, which may limit EPS upgrades. No guidance was provided as usual. Equal -weight retained. Target is $29.50. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 36.60 cents and EPS of 45.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 44.20 cents and EPS of 55.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

28/01/2025

4

Underweight

$24.00

-24.34%

Jarden notes Netwealth Group recorded 2Q25 net flows of $4.4bn despite domestic interest rates rising, hampering equity returns over the quarter.

The broker upgraded flow assumption from FY25 onwards by 5%-plus after Netwealth flagged confidence in the new business pipeline given new adviser and licensee relationships.

After factoring in revenue margin pressure from fee capping and higher cost growth, Jarden raised FY25 EPS forecasts by 1% and FY26 by 3%.

Target price rises to $24.0 from $21.1 but Underweight rating stays.

FORECAST
Jarden forecasts a full year FY25 dividend of 39.10 cents and EPS of 45.00 cents.
Jarden forecasts a full year FY26 dividend of 48.90 cents and EPS of 56.30 cents.

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

NWL STOCK CHART

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