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: 0.09
Index: ASX100 | 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

$24.56

03 Feb
2026

0.440

OPEN

$24.48

1.82%

HIGH

$24.72

931,682

LOW

$23.86

TARGET
$30.957 26.0% 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 . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
NWL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 47.6 49.0 xxx
DPS (cps) xxx 38.5 42.9 xxx
EPS Growth xxx 39.4% 3.0% xxx
DPS Growth xxx 37.5% 11.5% xxx
PE Ratio xxx N/A 46.2 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 80.8% 87.5% xxx

Dividend yield today if purchased 3 years ago: 2.83%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.70

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 21.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx47.6
DPS All xxxxxxxxxxxxxxx38.5
Sales/Revenue xxxxxxxxxxxxxxx316.4 M
Book Value Per Share xxxxxxxxxxxxxxx81.3
Net Operating Cash Flow xxxxxxxxxxxxxxx126.8 M
Net Profit Margin xxxxxxxxxxxxxxx36.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx67.81 %
Return on Invested Capital xxxxxxxxxxxxxxx63.27 %
Return on Assets xxxxxxxxxxxxxxx52.16 %
Return on Equity xxxxxxxxxxxxxxx67.81 %
Return on Total Capital xxxxxxxxxxxxxxx80.46 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx48.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx173 M
Price To Book Value xxxxxxxxxxxxxxx41.33

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx7.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.50 %
Cost of Goods Sold xxxxxxxxxxxxxxx124 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx42 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

0.6

No. Of Recommendations

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

Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

23/01/2026

3

Neutral

$28.50

16.04%

Netwealth Group announced 2Q26 FUA up 3.9% q/q, underpinned by net flows up 3.4% and 0.5% from market movement, UBS details, which produced a slightly weaker than expected result.

Higher gross outflows impacted FUA, while management offered new gross margin guidance of around 49%, which is below consensus at 50.7% and FY25 at 50.4%, which infers to the broker higher FY26 cost growth.

UBS lowers EPS forecasts by -2% for FY26 and FY27. No change to Neutral rating and $28.50 target price.

FORECAST
UBS forecasts a full year FY26 dividend of 43.00 cents and EPS of 53.00 cents.
UBS forecasts a full year FY27 dividend of 50.00 cents and EPS of 63.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

22/01/2026

3

Downgrade to Neutral from Overweight

$27.15

10.55%

Jarden downgrades Netwealth Group to Neutral from Overweight noting slowing net flow momentum.

Total net inflows of $4.16bn for 2Q26 were broadly in line with expectations, although the annualised custodial net flow rate eased to 13.6%, continuing to lag key peer Hub24 ((HUB)).

The broker sees rising investment requirements to close the capability gap, trimming medium term growth assumptions while keeping near term earnings largely unchanged.

EPS forecasts are little changed in FY26 but trimmed in FY27–28 to reflect higher costs. Target price is cut to $27.15 from $31.30, driven by lower growth assumptions and a reduced valuation multiple.

FORECAST
Jarden forecasts a full year FY26 dividend of 47.50 cents and EPS of 56.60 cents.
Jarden forecasts a full year FY27 dividend of 53.30 cents and EPS of 63.50 cents.
Access Extra Coverage Research History >

NWL STOCK CHART

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