EQT Holdings Ltd. (EQT) AI Stock Analysis

• Market Cap: AU$585.67M
• Dividend Yield: 4.63%
• Average Volume (3M): 110.30K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.73
• Revenue Growth: 4.26%
• EPS Growth: 79.41%
• Country: AU
• Employees: 441
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.77
• Shares Outstanding: 26,791,775
• 10 Day Avg. Volume: 90,988
• 30 Day Avg. Volume: 110,295
• PEG Ratio: 0.50
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 5.09
• P/FCF Ratio: 23.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$34.57
• Price Target Upside: 45.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.7
• Revenue Forecast (FY): AU$195.80M

• Rating: 69 Neutral
• Price Target: AU$24.00 ▲(0.80% Upside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 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 balance sheet

Conservative leverage and a high equity ratio provide durable financial resilience. This structure lowers refinancing risk, preserves borrowing capacity through commodity cycles, and supports long-term capital allocation for maintenance, development projects, or shareholder returns without stressing liquidity.

Robust cash generation

Strong free cash flow growth and high cash conversion ratios indicate reliable internal funding for capex, debt servicing, and dividends. Durable cash generation reduces dependence on external financing and supports reinvestment or payout policies across multi-quarter horizons.

High and resilient margins

Very high gross and solid operating margins reflect structural cost efficiency or pricing power. Sustained margin levels help preserve profitability even if top-line weakens, enabling the company to maintain earnings, fund operations, and retain strategic flexibility over several quarters.

Negative Factors

Large revenue decline

A 41.7% drop in revenue is a material structural concern that can impair growth optionality, reduce operating scale, and limit the company's ability to expand projects or markets. Even with strong margins, sustained top-line contraction can erode absolute cash flow and investor confidence.

Moderate return on equity

An ROE around 8% suggests limited efficiency in converting equity into profits versus higher-return peers. Over a multi-quarter horizon this may constrain shareholder value creation and imply returns driven more by balance-sheet scale than by above-market operating performance.

Limited forward visibility

Absence of formal guidance and empty earnings highlights reduce visibility into near-term strategy, capital allocation and performance drivers. This lack of forward disclosure makes planning and investor assessment harder across the next several quarters, raising execution risk.

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 Trustee Services, and Corporate Trustee Services. The company provides estate planning and management; charitable, compensation, community, and personal trust services; and asset and wealth management, and advisory services. It also offers trustee, custody, and investment management services for superannuation funds; and legal services. In addition, the company provides a range of global fiduciary services, and fund governance and trustee services for managed investment schemes on behalf of local and international fund managers and sponsors, as well as trustee services for debt, securitizations, custody, and real estate arrangements for corporates. EQT Holdings Limited was founded in 1888 and is headquartered in Melbourne, Australia.

How the Company Makes Money

EQT generates revenue through multiple streams, primarily by charging management fees on its investment funds and portfolios. These fees are collected as a percentage of assets under management (AUM), allowing the company to benefit from growth in investment performance and client inflows. Additionally, EQT earns performance fees based on the success of its investment strategies, incentivizing the firm to achieve superior returns for its clients. The company also provides financial advisory services, which contribute to its revenue through consulting fees. Strategic partnerships with other financial institutions and investment platforms further enhance EQT's reach and capabilities, driving additional earnings through collaborative investment initiatives.

EQT Holdings Ltd. Financial Statement Overview

Summary

EQT Holdings Ltd. demonstrates strong profitability and cash flow management with robust margins and cash flow ratios. However, the significant decline in revenue growth is a concern that could impact future performance. The balance sheet remains solid with low leverage and a strong equity base, providing financial stability.

Income Statement

EQT Holdings Ltd. has demonstrated strong profitability with a high gross profit margin of 96.87% in the latest year, indicating efficient cost management. However, the company experienced a significant revenue decline of 41.7%, which is a concern for growth. Net profit margin improved to 18.59%, showing enhanced profitability despite the revenue drop. The EBIT and EBITDA margins are robust at 30.44% and 34.56%, respectively, reflecting strong operational efficiency.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.21, indicating conservative leverage. Return on equity is moderate at 8.23%, suggesting reasonable profitability relative to shareholder equity. The equity ratio stands at 74.73%, highlighting a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

EQT Holdings Ltd. shows a healthy cash flow position with a 33.3% growth in free cash flow, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 3.24, suggesting efficient conversion of income into cash. The free cash flow to net income ratio is high at 0.95, reflecting effective cash management and a strong ability to cover net income with free cash flow.

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

• Technical Analysis Sentiment: Negative
• Last Price: 23.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EQT, the sentiment is Negative. The current price of 23.81 is above the 20-day moving average (MA) of 22.49, below the 50-day MA of 23.82, and below the 200-day MA of 26.92, indicating a bearish trend. The MACD of -0.66 indicates Positive momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 36.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EQT.

EQT Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPL	79 Outperform	AU$1.20B	8.75	5.73%	4.92%	21.81%	-43.93%
FID	73 Outperform	AU$333.67M	16.81	32.31%	4.00%	10.61%	23.34%
PAC	70 Outperform	AU$300.52M	-5.61	11.44%	4.17%	31.09%	-75.49%
EQT	69 Neutral	AU$585.67M	14.46	8.50%	4.63%	4.26%	79.41%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AEF	64 Neutral	AU$591.92M	24.38	58.10%	2.70%	18.80%	74.51%
MAF	46 Neutral	AU$1.72B	148.08	8.97%	1.85%	35.30%	44.24%

EQT Holdings Ltd. Corporate Events

EQT Holdings Sets Investor Webinar for February Half-Year Results

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. Investors can pre-submit questions during registration or ask them live via the webinar platform, with a recording to be made available to all registrants and later hosted on the company’s investor centre, underscoring EQT’s ongoing efforts to maintain transparency and engagement with its shareholder base.

The most recent analyst rating on (AU:EQT) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on EQT Holdings Ltd. stock, see the AU:EQT Stock Forecast page.

EQT Holdings Seeks ASX Quotation for New Employee Incentive Shares

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 minor increase in the company’s quoted capital, reflecting the ongoing use of equity-based remuneration for staff without materially altering its capital structure.

The most recent analyst rating on (AU:EQT) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on EQT Holdings Ltd. stock, see the AU:EQT Stock Forecast page.