QUALITAS LIMITED (QAL)
Share Price Analysis and Chart

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QAL

QAL - QUALITAS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 1.08
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.08

25 Jun
2026

0.150

OPEN

$2.95

5.12%

HIGH

$3.09

304,781

LOW

$2.95

TARGET
$3.887 26.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . 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 17.6 xxx
DPS (cps) xxx 11.3 13.4 xxx
EPS Growth xxx 23.8% 23.9% xxx
DPS Growth xxx 12.5% 19.1% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 79.4% 76.4% xxx

Dividend yield today if purchased 3 years ago: 4.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.55

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: 03/09 - ex-div 7.75c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx14.2
DPS All xxxxxxxxxxxxxxx11.3
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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

10/06/2026

1

Initiation of coverage with Buy

$4.00

29.87%

Citi initiates coverage of Qualitas with a Buy rating. The business is seen as a compelling way to access Australia's expanding private credit market through a scaled institutional platform trading at an attractive valuation.

The broker highlights an established position in commercial real estate lending, built as banks retreated from the sector, supported by institutional capital, strong borrower relationships and execution capability.

The analysts forecast an around 30% fee-earning funds under management (FUM) compound annual growth rate (CAGR), aided by a healthy transaction pipeline and supportive housing policy initiatives.

Despite these growth drivers, commentary notes the stock trades around -30% below historical multiples, offering re-rating potential.

A $4.00 target is set.

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

20/02/2026

1

Buy

$4.40

42.86%

Qualitas delivered first half revenue and earnings that were ahead of Canaccord Genuity's estimates. The results absorbed a small loss in Arch finance which for the broker highlights the strong performance in the core business.

Guidance for FY26 has been maintained for pre-tax profit at $60-66m and, while acknowledging there needs to be continued effort to meet this, Canaccord Genuity believes the company is strongly positioned going into FY27.

The stock offers an attractive entry price to a multi-year growth story, having established itself as one of the premier operators in the asset class, Canaccord Genuity states.

The broker retains a Buy rating, raising the target to $4.40 from $4.25.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 13.00 cents and EPS of 15.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 16.00 cents and EPS of 18.00 cents.
Access Extra Coverage Research History >

QAL STOCK CHART

FNArena News on QAL

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