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: 0.38
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

$18.58

17 Sep
2026

-0.380

OPEN

$18.64

-2.00%

HIGH

$18.92

1,392,183

LOW

$18.31

TARGET
$27.643 48.8% 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 . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 24.7 57.7 xxx
DPS (cps) xxx 42.0 46.7 xxx
EPS Growth xxx - 48.1% 100.0% xxx
DPS Growth xxx 9.1% 11.3% xxx
PE Ratio xxx N/A 32.7 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 169.9% 81.0% xxx

Dividend yield today if purchased 3 years ago: 2.64%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.23

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: 09/09 - ex-div 21.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx24.7
DPS All xxxxxxxxxxxxxxx42.0
Sales/Revenue xxxxxxxxxxxxxxx382.9 M
Book Value Per Share xxxxxxxxxxxxxxx66.0
Net Operating Cash Flow xxxxxxxxxxxxxxx57.9 M
Net Profit Margin xxxxxxxxxxxxxxx15.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx33.60 %
Return on Invested Capital xxxxxxxxxxxxxxx28.95 %
Return on Assets xxxxxxxxxxxxxxx22.73 %
Return on Equity xxxxxxxxxxxxxxx33.60 %
Return on Total Capital xxxxxxxxxxxxxxx79.35 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-46.8 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 xxxxxxxxxxxxxxx24 M
Long Term Debt xxxxxxxxxxxxxxx46 M
Total Debt xxxxxxxxxxxxxxx70 M
Goodwill - Gross xxxxxxxxxxxxxxx2 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx174 M
Price To Book Value xxxxxxxxxxxxxxx31.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx13.5 M
Capex % of Sales xxxxxxxxxxxxxxx3.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx154 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx52 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.9

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

16/09/2026

1

Buy

$30.00

61.46%

Netwealth Group has acquired Paradino and maintained its guidance, expanding its footprint into adviser workflows. The company will pay an upfront consideration of $20m, with a mixture of cash and debt as well as $5m in scrip and up to $9m in deferred consideration.

Paradino's accounts will be presented outside of the underlying results and no timeframe has been offered for breakeven. The co-founders will remain with the business.

Bell Potter reduces earnings estimates for FY27 and FY28 by -3% to account for the marking to market and recasting of platform revenue margins. The impact from Paradino is limited. Buy rating maintained. Target  edges down to $30.00 from $30.50.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 52.00 cents and EPS of 55.90 cents.
Bell Potter forecasts a full year FY28 dividend of 60.00 cents and EPS of 68.50 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

30/08/2026

3

Neutral

$24.45

31.59%

Jarden retains a Neutral rating for Netwealth Group with its target price decreased to $24.45 from $24.70, citing recent stock underperformance and near-term margin risks.

Despite the underlying FY26 result beating expectations, commentary notes a weak start to FY27 net flows alongside a soft organic and IDPS base.

As a result, the broker views the company's FY27 FUA net flow guidance as increasingly reliant on the MS transition.

Given expectations that the revenue density per dollar of FUA for the transition will be lower than the existing portfolio, the broker trims FY27 FUA net flow estimates to $18.2bn and reduces FY27 platform revenue forecasts to account for tiering and capping impacts.
Access Extra Coverage Research History >

NWL STOCK CHART

FNArena News on NWL

1
Next Week At A Glance – 21-25 Sep 2026

Sep 18 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 17, 2026

Sep 17 2026 - Daily Market Reports
3
Rudi’s View: A Market Short On Rewards

Sep 16 2026 - Rudi's View
4
Rudi’s View: Australia Remains Outside The AI Party

Sep 09 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 31, 2026

Aug 31 2026 - Daily Market Reports

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