WAM Capital Ltd. (AU:WAM)
ASX:WAM
WAM Stock Chart & Stats
AU$1.78
AU$0.02(1.27%)
At close: 4:00 PM EST
AU$1.78
AU$0.02(1.27%)
Day’s Range― - ―
52-Week RangeAU$1.49 - AU$1.93
Previous CloseN/A
Volume820.53K
Average Volume (3M)1.02M
Market Cap
N/A
Enterprise ValueAU$1.71B
Total Cash (Recent Filing)AU$209.62M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)21.1
Beta0.36
Next Earnings
Sep 01, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield8.71%
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,131,986,300
10 Day Avg. Volume1,226,736
30 Day Avg. Volume1,020,388
Financial Highlights & Ratios
PEG Ratio-1.65
Price to Book (P/B)0.92
Price to Sales (P/S)5.34
P/FCF Ratio15.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetA debt-free, conservatively positioned balance sheet (zero debt 2021–2025) gives WAM financial resilience and flexibility. Low leverage reduces insolvency and refinancing risk, supports dividend continuity in downturns, and allows opportunistic capital deployment without borrowing strain.
Strong Profitability And MarginsVery high recent operating and net margins (net margin ~67–68% in 2024–2025) indicate WAM retains a meaningful portion of investment gains after expenses. Durable margin strength supports the company’s ability to fund distributions and absorb periodic portfolio drawdowns when markets are favourable.
Diversified LIC Model With Active External ManagerAs a listed investment company externally managed by Wilson Asset Management, WAM offers diversified exposure to Australian equities via active stock selection. This business model provides scalable access to dividend income and capital appreciation for shareholders through professional portfolio management and diversification.
Bears Say
Revenue And Earnings VolatilityWAM exhibits pronounced revenue and earnings volatility, including occasional loss years and material year-over-year declines. Such volatility undermines predictability of NTA, realised gains and dividend streams, increasing the risk that shareholder returns swing widely across market cycles.
Inconsistent Operating Cash FlowOperating cash flow fell ~35% in 2025 and has a history of inconsistency, including negative periods. Weak or unstable cash generation can force asset realisations to fund payouts, constrain reinvestment capacity, and make dividends more dependent on market timing than on sustainable cash earnings.
External Management Fee DragThe external management arrangement creates a structural fee burden that reduces net returns to shareholders. Management and potential performance fees are a recurring cost that can erode long-term shareholder value if outperformance is inconsistent, and can create agency risks between manager and shareholders.
WAM Capital Ltd. News
WAM FAQ
What was WAM Capital Ltd.’s price range in the past 12 months?
WAM Capital Ltd. lowest share price was AU$1.49 and its highest was AU$1.93 in the past 12 months.
What is WAM Capital Ltd.’s market cap?
Currently, no data Available
When is WAM Capital Ltd.’s upcoming earnings report date?
WAM Capital Ltd.’s upcoming earnings report date is Sep 01, 2026 which is in 148 days.
How were WAM Capital Ltd.’s earnings last quarter?
Currently, no data Available
Is WAM Capital Ltd. overvalued?
According to Wall Street analysts WAM Capital Ltd.’s price is currently Overvalued.
Does WAM Capital Ltd. pay dividends?
WAM Capital Ltd. pays a Semiannually dividend of AU$0.077 which represents an annual dividend yield of 8.71%. See more information on WAM Capital Ltd. dividends here
What is WAM Capital Ltd.’s EPS estimate?
WAM Capital Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does WAM Capital Ltd. have?
WAM Capital Ltd. has 1,131,986,300 shares outstanding.
What happened to WAM Capital Ltd.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of WAM Capital Ltd.?
Currently, no hedge funds are holding shares in AU:WAM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
WAM Capital Ltd. Stock Smart Score
Neutral
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10
Blogger Sentiment
Neutral
AU:WAM Sentiment 50%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.84%
12-Months-Change
Fundamentals
Return on Equity
5.08%
Trailing 12-Months
Asset Growth
-6.73%
Trailing 12-Months
Company Description
WAM Capital Ltd.
WAM Capital Limited is a close-ended equity mutual fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. The fund invests in value and growth stocks of small to medium-cap companies. It seeks to invest in short-term arbitrage and mispricing opportunities. The fund has absolute returns focus. It employs fundamental and quantitative analysis with a focus on bottom-up approach to make its investments. The fund benchmarks the performance of its portfolio against the S&P/ASX All Ordinaries Accumulation Index. It conducts in-house research to create its portfolio. WAM Capital Limited was formed on March 8, 1999 and is domiciled in Australia.
Technical Analysis
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Options Prices
Currently, No data available
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