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: 0.15
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

$22.80

25 Jul
2024

-0.410

OPEN

$22.96

-1.77%

HIGH

$22.99

205,932

LOW

$22.64

TARGET
$20.642 -9.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 27.5 33.9 xxx
DPS (cps) xxx 24.0 29.6 xxx
EPS Growth xxx 20.9% 22.9% xxx
DPS Growth xxx 20.0% 23.5% xxx
PE Ratio xxx N/A 66.7 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 87.1% 87.5% xxx

Dividend yield today if purchased 3 years ago: 1.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.06

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: 04/03 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx27.5
DPS All xxxxxxxxxxxxxxx24.0
Sales/Revenue xxxxxxxxxxxxxxx207.0 M
Book Value Per Share xxxxxxxxxxxxxxx50.5
Net Operating Cash Flow xxxxxxxxxxxxxxx79.2 M
Net Profit Margin xxxxxxxxxxxxxxx32.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx59.09 %
Return on Invested Capital xxxxxxxxxxxxxxx53.08 %
Return on Assets xxxxxxxxxxxxxxx45.06 %
Return on Equity xxxxxxxxxxxxxxx59.09 %
Return on Total Capital xxxxxxxxxxxxxxx70.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx27.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx110 M
Price To Book Value xxxxxxxxxxxxxxx27.43

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx5.6 M
Capex % of Sales xxxxxxxxxxxxxxx2.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx88 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx29 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

12/07/2024

1

Overweight

$21.25

-6.80%

Morgan Stanley anticipates upside risk to FY25 net inflows based on run-rate and positive outlook commentary when management at Netwealth Group released a 4Q trading update.

While funds under administration (FUA) for the quarter were in line with the broker's forecast and net inflows were a beat, negative market movements provided an offset.

Management stated: "a number of significant transitions have commenced in Q4 FY2024. Many of these transitions are in the early stages, which provides us with a high level of confidence in the net inflow outlook for FY2025".

The broker retains an Overweight rating with a $21.25 target. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 29.30 cents and EPS of 36.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 35.10 cents and EPS of 46.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

11/07/2024

4

Underweight

$17.30

-24.12%

Jarden assesses the higher-for-longer possibility for domestic interest rates on the wealth management sector.

The broker trims the EPS forecasts across most of the wealth and asset management coverage, accounting for higher domestic interest rates, strong 4Q24 global equity returns against weaker domestic returns and a higher Australian dollar.

Jarden adjusts Netwealth Group's EPS forecasts by -0.5% and -1.1% for FY24/FY25, respectively.

The Underweight rating is retained and the target price lifted to $17.30 from $17.

FORECAST
Jarden forecasts a full year FY24 dividend of 30.50 cents and EPS of 34.90 cents.
Jarden forecasts a full year FY25 dividend of 38.70 cents and EPS of 44.00 cents.
Access Stockbroker Research History >

NWL STOCK CHART

FNArena News on NWL

1
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Jul 25 2024 - Rudi's View
2
Rudi’s View: How To Invest Allan’s $300k

Jul 24 2024 - Rudi's View
3
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
4
Netwealth: Strong Flows & Lower Margin In FY25

Jul 16 2024 - Australia
5
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Jul 15 2024 - Daily Market Reports

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