EQT Holdings Ltd. (AU:EQT)
ASX:EQT
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EQT Holdings Ltd.
(Sydney:EQT)
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Rating:69Neutral
Price Target:
AU$22.50
â–Ľ(-5.50% Downside)
Action:ReiteratedDate:10/31/25
EQT Holdings Ltd. has a solid financial foundation with strong profitability and cash flow management. However, the significant revenue decline is a concern. The technical indicators suggest a bearish trend, which could impact short-term performance. The valuation is reasonable with an attractive dividend yield, making it appealing for income-focused investors.
Positive Factors
Strong cash generation
Sustained free cash flow growth and very strong operating cash conversion indicate durable internal financing capacity. High FCF coverage supports ongoing dividends, capital expenditure funding and debt reductions, providing resilience across multi-month cycles and underpinning strategic optionality.
Negative Factors
Significant revenue decline
A large, sustained drop in revenue materially weakens the top of the income statement and can erode scale economics, limit reinvestment and make margins harder to defend over time. If revenue recovery stalls, growth prospects and strategic initiatives may be constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained free cash flow growth and very strong operating cash conversion indicate durable internal financing capacity. High FCF coverage supports ongoing dividends, capital expenditure funding and debt reductions, providing resilience across multi-month cycles and underpinning strategic optionality.
Read all positive factors
EQT Holdings Ltd. (EQT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$544.68M
Dividend Yield4.63%
Average Volume (3M)110.30K
Price to Earnings (P/E)7.8
Beta (1Y)0.79
Revenue Growth4.26%
EPS Growth79.41%
CountryAU
Employees441
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.77
Shares Outstanding26,791,775
10 Day Avg. Volume90,988
30 Day Avg. Volume110,295
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)2.25
Price to Sales (P/S)5.09
P/FCF Ratio23.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$34.57Price Target Upside45.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.7
Revenue Forecast (FY)AU$195.80M
EQT Holdings Ltd. Business Overview & Revenue Model
Company Description
EQT Holdings Limited, together with its subsidiaries, provides philanthropic, trust executor, and investment services in Australia, the United Kingdom, and Ireland. It operates through three segments: Trustee and Wealth Services, Superannuation Tr...
How the Company Makes Money
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EQT Holdings Ltd. Earnings Call Summary
Earnings Call Date:Feb 19, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 20, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong production and financial performance, strategic acquisitions, and significant growth opportunities, balanced by a few challenges such as litigation expenses and near-term market headwinds. The overall sentiment is positive, with a strong outlook for sustainable growth and financial stability.Positive Updates
Record Production and Efficiency Improvements
Production was at the high end of guidance, benefiting from robust well productivity and outperformance from compression projects. Capital spending came in approximately $50 million below the low end of guidance, driven by midstream spending optimization, continued improvements and completion efficiency, and lower well costs.
Negative Updates
Litigation Settlement Expense
$134 million net expense incurred relating to a litigation settlement that resolved outstanding securities class action litigation.
Read all updates
Q2-2025 Updates
Positive
Negative
Record Production and Efficiency Improvements
Production was at the high end of guidance, benefiting from robust well productivity and outperformance from compression projects. Capital spending came in approximately $50 million below the low end of guidance, driven by midstream spending optimization, continued improvements and completion efficiency, and lower well costs.
Read all positive updates
Company Guidance
During the EQT Q2 2025 earnings call, guidance highlighted several key metrics and strategic initiatives driving the company's performance and future outlook. Production was at the high end of guidance due to robust well productivity and compression project outperformance, with capital spending approximately $50 million below the low end of guidance. This resulted in about $240 million of Q2 free cash flow, despite a $134 million legal expense, indicating that without this, free cash flow would have been approximately $375 million, significantly exceeding expectations. The recent Olympus Energy acquisition, funded with $475 million in cash and 25.2 million shares, is expected to enhance operational integration and growth opportunities. EQT plans to embark on nearly $1 billion of organic investment projects, projected to yield a 25% free cash flow yield upon completion, with MVP Boost and Southgate projects commencing in 2028 and 2029, respectively. The company aims to reduce net debt to $7.5 billion by the end of 2025, with a long-term target of $5 billion, leveraging strong free cash flow to continue deleveraging while simultaneously pursuing high-return growth projects.EQT Holdings Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 184.00M | 178.71M | 169.45M | 138.58M | 110.56M | 99.61M |
| Gross Profit | 237.76M | 173.11M | 44.38M | 34.22M | 43.38M | 37.78M |
| EBITDA | 68.14M | 61.76M | 39.55M | 36.27M | 41.65M | 35.58M |
| Net Income | 40.47M | 33.22M | 20.71M | 18.83M | 24.23M | 21.53M |
Balance Sheet | ||||||
| Total Assets | 617.56M | 540.48M | 539.86M | 511.91M | 371.15M | 353.83M |
| Cash, Cash Equivalents and Short-Term Investments | 230.41M | 156.48M | 138.76M | 109.69M | 118.32M | 97.17M |
| Total Debt | 155.65M | 82.96M | 82.14M | 63.30M | 50.45M | 41.26M |
| Total Liabilities | 207.09M | 136.59M | 141.26M | 112.38M | 89.81M | 79.58M |
| Stockholders Equity | 410.47M | 403.90M | 402.09M | 405.39M | 285.27M | 276.81M |
Cash Flow | ||||||
| Free Cash Flow | 52.15M | 38.27M | 32.54M | 8.76M | 31.86M | 19.12M |
| Operating Cash Flow | 52.50M | 40.33M | 39.04M | 12.58M | 34.13M | 19.81M |
| Investing Cash Flow | -1.38M | 2.96M | -3.29M | -127.25M | -7.27M | -691.00K |
| Financing Cash Flow | 54.88M | -25.44M | -6.58M | 106.10M | -10.53M | -11.69M |
EQT Holdings Ltd. Technical Analysis
Neutral
23.81
Price Trends
21.92
Negative
22.90
Negative
25.35
Negative
Market Momentum
-0.52
Negative
47.32
Neutral
76.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EQT, the sentiment is Neutral. The current price of 23.81 is above the 20-day moving average (MA) of 20.23, above the 50-day MA of 21.92, and below the 200-day MA of 25.35, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 76.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EQT.
EQT Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$882.87M | 8.64 | 14.51% | 4.92% | 21.81% | -43.93% | |
73 Outperform | AU$297.68M | 9.55 | 32.32% | 4.00% | 10.61% | 23.34% | |
70 Outperform | AU$289.76M | -6.45 | -12.50% | 4.17% | 31.09% | -75.49% | |
69 Neutral | AU$544.68M | 7.80 | 8.50% | 4.63% | 4.26% | 79.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$488.33M | 10.53 | 55.44% | 2.70% | 18.80% | 74.51% | |
46 Neutral | AU$1.31B | 174.79 | 2.39% | 1.85% | 35.30% | 44.24% |
* Financial Sector Average
AU:EQT
EQT Holdings Ltd.
20.37
-11.34
-35.76%
AU:PAC
Pacific Current Group Ltd
9.70
-1.23
-11.23%
AU:AEF
Australian Ethical Investment Ltd
4.31
-1.41
-24.69%
AU:RPL
VGI Partners Ltd.
2.37
-0.05
-2.23%
AU:MAF
MA Financial Group Limited
7.00
-0.15
-2.14%
AU:FID
Fiducian Group Ltd
9.43
0.14
1.46%
EQT Holdings Ltd. Corporate Events
EQT Holdings Appoints Penelope Lewin to Board, Reports No Security Interests
Mar 11, 2026
EQT Holdings Limited has appointed Penelope Lewin as a director effective 11 March 2026, expanding the composition of its board. The company disclosed the appointment to the ASX in compliance with director interest notification requirements.At the...
EQT Holdings Issues New Shares on Conversion of Unquoted Securities
Mar 9, 2026
EQT Holdings has disclosed the issue of 5,571 new ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The transaction, effective 2 March 2026, marginally increases the company’s share cap...
EQT Holdings updates market on change in director Carol Schwartz’s equity interests
Mar 9, 2026
EQT Holdings has disclosed a change in director Carol Judith Schwartz’s indirect interests, stemming from her holdings via Jewelcross Pty Ltd as trustee for the Schwartz Children’s Trust and through Equity Nominees Limited under an EQT...
EQT Holdings Sets Investor Webinar for February Half-Year Results
Jan 27, 2026
EQT Holdings Limited has scheduled a webinar for investors on 19 February 2026, at 11:00am AEDT, where Managing Director Mick O’Brien and Chief Financial Officer Johanna Platt will present and discuss the company’s Half Year Results. I...
EQT Holdings Seeks ASX Quotation for New Employee Incentive Shares
Jan 19, 2026
EQT Holdings Ltd has applied to the ASX for quotation of 618 ordinary fully paid shares that have been issued under an employee incentive scheme. The new securities, dated 15 January 2026, are not subject to transfer restrictions and represent a m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.