QUALITAS LIMITED (QAL)
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QAL

QAL - QUALITAS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 0.84
Index: ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.26

25 Aug
2026

-0.030

OPEN

$3.35

-0.91%

HIGH

$3.36

449,563

LOW

$3.25

TARGET
$3.983 22.2% 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 . NWL . PAC . PNI . PPS . PPT . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
QAL: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 14.2 17.1 xxx
DPS (cps) xxx 0.0 14.2 xxx
EPS Growth xxx 23.8% 20.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.4 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx N/A 82.7% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 03/03 - ex-div 3.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx14.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx129.9 M
Book Value Per Share xxxxxxxxxxxxxxx134.7
Net Operating Cash Flow xxxxxxxxxxxxxxx-42.7 M
Net Profit Margin xxxxxxxxxxxxxxx32.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.71 %
Return on Invested Capital xxxxxxxxxxxxxxx9.64 %
Return on Assets xxxxxxxxxxxxxxx8.53 %
Return on Equity xxxxxxxxxxxxxxx10.71 %
Return on Total Capital xxxxxxxxxxxxxxx13.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-76.4 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 xxxxxxxxxxxxxxx18 M
Long Term Debt xxxxxxxxxxxxxxx35 M
Total Debt xxxxxxxxxxxxxxx53 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx2.27

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx0.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx5 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx66 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx235 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

21/08/2026

1

Outperform

$4.15

27.30%

Strong deployment momentum and expanding margins have Macquarie increasingly confident Qualitas can comfortably achieve its FY27 earnings guidance.

FY26 EPS of 14.7c was in line with consensus and 3% ahead of the broker's forecast, while Funds Management EBITDA margins expanded around 200bps to 54.3%.

The analyst sees further upside from 21% growth in fee-earning FUM, rising performance fees and continued operating leverage, with FY27 deployment also off to a strong start.

FY27-FY29 EPS forecasts are raised by 3.3%, 4.8% and 4.3%, respectively.

Outperform rating is reiterated. Target rises to $4.15 from $3.95.

FORECAST
Macquarie forecasts a full year FY27 dividend of 14.80 cents and EPS of 17.10 cents.
Macquarie forecasts a full year FY28 dividend of 16.90 cents and EPS of 21.60 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

25/08/2026

1

Buy

$4.10

25.77%

Jarden maintains its Buy recommendation for Qualitas with its target price reduced to $4.10 from $4.20 following FY26 profit before tax of $63.4m, which increased 20% year-on-year and landed in line with consensus.

FY27 profit before tax guidance of $74m to $80m was also delivered in line with consensus expectations, reflecting a conservative range.

The broker's estimates indicate that forecast double-digit net profit after tax growth over the medium term and optionality around European opportunities support the investment thesis.

The analyst highlights that solid ticket sizes and business performance underpin the continuing positive momentum.
Access Extra Coverage Research History >

QAL STOCK CHART

FNArena News on QAL

1
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

Aug 26 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 21-08-2026

Aug 21 2026 - Australia
5
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View

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