Euroz Hartleys Group Limited (EZL) AI Stock Analysis

• Market Cap: AU$201.08M
• Dividend Yield: 17.89%
• Average Volume (3M): 59.56K
• Price to Earnings (P/E): 3.3
• Beta (1Y): 0.66
• Revenue Growth: 18.74%
• EPS Growth: 88.57%
• Country: AU
• Employees: 184
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.09
• Shares Outstanding: 164,822,600
• 10 Day Avg. Volume: 57,416
• 30 Day Avg. Volume: 59,563
• PEG Ratio: 0.19
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 1.70
• P/FCF Ratio: 4.24
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: AU$1.50 ▲(20.97% Upside)
• Action: Reiterated Date: 01/21/26
• Date: Action: Reiterated 01/21/26

The score is driven primarily by solid financial performance (strong cash generation and a low-debt balance sheet) and supportive valuation from a very high dividend yield. These positives are tempered by technically overbought momentum signals (RSI 78.2, Stoch 92.6) and ongoing revenue decline, which raise near-term risk and growth concerns.

Positive Factors

Low financial leverage

A debt-to-equity ratio of 0.11 signals low financial leverage and reduced default risk. This durable capital structure gives management flexibility to fund growth, absorb market shocks, maintain distributions, or invest in strategic opportunities without relying on expensive external financing.

Strong free cash flow generation

Very strong free cash flow growth and almost full conversion of net income into cash provide a stable funding source for dividends, buybacks, M&A, and capital expenditure. High cash generation reduces refinancing risk and supports long-term shareholder returns and reinvestment.

High gross profitability and improved ROE

A 100% gross margin and a healthy EBIT margin signal structural cost efficiency in core services, while improving ROE (8.99%) shows more effective use of equity. Together these trends support sustainable profitability and better capital allocation over the medium term.

Negative Factors

Declining revenue trend

A multi-year revenue decline, including a 4.53% fall in the latest year, points to challenges in client acquisition, market share or product demand. Persistent top-line contraction can erode operating leverage and limit the company's ability to invest for growth or sustain margins long term.

Compressed net profit margin

A declining net profit margin despite strong gross and EBIT metrics suggests rising overheads, one-off costs, or pricing pressure in advice and corporate finance. Sustained margin compression would reduce retained earnings and constrain dividend and reinvestment capacity.

Earnings cyclicality and market sensitivity

Revenue and fees are structurally tied to trading volumes and capital markets activity, making earnings cyclical. During prolonged market lulls or low issuance periods, fee-based revenue can fall materially, limiting predictability of cash flows despite a strong balance sheet.

Euroz Hartleys Group Limited Business Overview & Revenue Model

Company Description

Euroz Hartleys Group Limited, a diversified financial services company, provides stockbroking, corporate finance, funds management, investing, financial advisory, and wealth management services to private, institutional, and corporate clients primarily in Australia. It operates through Retail, Wholesale, and Funds Management segments. The company offers equities research, institutional dealing, and private wealth services, as well as corporate advisory services for equity capital raising and undertaking, mergers and acquisitions, strategic planning and reviews, and privatization and reconstructions. It also provides strategic investment advice, superannuation advice, investment management, and portfolio administration services; and raises equity capital through initial public offerings, placements, and rights issues. The company was formerly known as Euroz Limited and changed its name to Euroz Hartleys Group Limited in November 2021. Euroz Hartleys Group Limited was incorporated in 1961 and is based in Perth, Australia.

How the Company Makes Money

Euroz Hartleys Group Limited generates revenue through several key streams, including fees from investment banking services, commissions from stock broking activities, and advisory fees for wealth management services. The company earns income by facilitating capital raising for companies, providing equity research that informs investment decisions, and managing investment portfolios for clients. Significant partnerships with institutional investors and publicly listed companies enhance its service offerings and create additional revenue opportunities. The firm's performance is further supported by market conditions, client demand for financial services, and its ability to leverage its reputation and expertise in the financial sector.

Euroz Hartleys Group Limited Financial Statement Overview

Summary

Strong overall financials supported by low leverage (debt-to-equity 0.11) and robust free cash flow growth (93.57%) with nearly 1:1 free cash flow to net income conversion. Offsetting factors include declining revenue (down 4.53% latest year) and a weaker net profit margin versus prior periods.

Income Statement

Euroz Hartleys Group Limited has shown a strong gross profit margin of 100% for the latest year, indicating efficient cost management. However, the net profit margin has decreased from previous years, reflecting challenges in maintaining profitability. Revenue has declined over the past few years, with a notable decrease of 4.53% in the latest year, which could be a concern for future growth. Despite this, the company maintains a healthy EBIT margin, suggesting operational efficiency.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.11, indicating low financial leverage and reduced risk. The return on equity has improved to 8.99%, showing effective use of shareholder funds. The equity ratio remains robust, highlighting a solid capital structure. Overall, the balance sheet reflects financial stability and prudent management.

Cash Flow

Euroz Hartleys Group Limited has demonstrated impressive free cash flow growth of 93.57%, indicating strong cash generation capabilities. The free cash flow to net income ratio is nearly 1, suggesting efficient conversion of profits into cash. However, the operating cash flow to net income ratio is low, which may require attention. Overall, the cash flow position is strong, supporting future investments and debt servicing.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	125.46M	97.75M	89.22M	95.94M	118.69M	128.07M
Gross Profit	118.60M	97.75M	89.22M	95.94M	118.69M	128.07M
EBITDA	29.41M	18.27M	9.14M	16.34M	60.54M	76.90M
Net Income	17.85M	10.26M	5.47M	9.34M	40.72M	52.54M
Balance Sheet
Total Assets	209.62M	222.71M	192.80M	185.57M	277.55M	282.71M
Cash, Cash Equivalents and Short-Term Investments	101.67M	118.06M	92.94M	88.16M	199.21M	96.05M
Total Debt	24.25M	13.03M	13.95M	3.55M	4.91M	6.19M
Total Liabilities	107.40M	108.52M	78.56M	70.53M	84.34M	111.61M
Stockholders Equity	102.22M	114.19M	114.24M	115.04M	193.21M	171.10M
Cash Flow
Free Cash Flow	45.91M	39.17M	18.82M	3.27M	22.14M	52.81M
Operating Cash Flow	46.16M	39.20M	19.00M	3.59M	24.27M	53.58M
Investing Cash Flow	-247.00K	-32.00K	-1.91M	-1.98M	104.77M	25.39M
Financing Cash Flow	-36.34M	-14.06M	-12.30M	-104.13M	-32.75M	-24.02M

Euroz Hartleys Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EZL, the sentiment is Neutral. The current price of 1.24 is below the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.26, and above the 200-day MA of 1.00, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 49.84 is Neutral, neither overbought nor oversold. The STOCH value of 38.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EZL.

Euroz Hartleys Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EZL	74 Outperform	AU$201.08M	3.31	16.49%	17.89%	18.74%	88.57%
MAM	72 Outperform	AU$61.40M	2.97	32.22%	6.39%	22.67%	19.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CAF	60 Neutral	AU$75.37M	5.60	13.05%	7.14%	13.65%	-33.93%

Euroz Hartleys Group Limited Corporate Events

Euroz Hartleys profit doubles on surging capital markets and advisory revenue

Euroz Hartleys Group Limited reported a strong interim result for the half year to 31 December 2025, with revenue from ordinary activities rising 45% to $76.7 million and net profit after tax more than doubling to $13.84 million. The board declared a fully franked interim dividend of 2.5 cents per share, following a 3.5 cent final dividend for FY25 and an August 2025 capital return, continuing the group’s long history of shareholder distributions.

Growth was driven by a surge in equity capital market raisings, which climbed 84% to about $1.78 billion and lifted ECM revenue 56% to $35.6 million, alongside a 533% jump in advisory income on several notable transactions. Brokerage income and recurring wealth management fees also increased, while funds under management grew to $5.1 billion and cash and investments reached $94.3 million, reinforcing the firm’s capital strength even as future performance remains sensitive to market sentiment, commodity prices and ECM activity.

The most recent analyst rating on (AU:EZL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Euroz Hartleys Group Limited stock, see the AU:EZL Stock Forecast page.

Euroz Hartleys Declares Interim Dividend of 2.5 Cents per Share

Euroz Hartleys Group Limited has declared an interim fully paid ordinary dividend of A$0.025 per share for the six‑month period ended 31 December 2025. The dividend will trade ex‑dividend on 29 January 2026, with a record date of 30 January and payment scheduled for 13 February 2026, providing a near‑term cash return to shareholders and signalling continued capital management discipline by the ASX‑listed financial services group.

The most recent analyst rating on (AU:EZL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Euroz Hartleys Group Limited stock, see the AU:EZL Stock Forecast page.

Euroz Hartleys Profit More Than Doubles as Capital Markets Activity Surges

Euroz Hartleys Group reported a strong first half for the 2026 financial year, with unaudited revenue of about $76.7 million and net profit after tax of $13.84 million, more than doubling earnings from the prior corresponding period. The company lifted its interim fully franked dividend to 2.5 cents per share, reflecting improved performance driven by a sharp rebound in equity capital markets activity, including $1.78 billion in raisings, higher advisory and brokerage revenues, and rising funds under management. Management highlighted a robust balance sheet with substantial cash and investments as a key competitive differentiator that underpins confidence among advisers and clients, while cautioning that results remain exposed to cyclical factors such as market sentiment, commodity prices and capital markets activity. The interim dividend will be paid on 13 February 2026, with the dividend reinvestment plan inactive for this distribution.

The most recent analyst rating on (AU:EZL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Euroz Hartleys Group Limited stock, see the AU:EZL Stock Forecast page.

Euroz Hartleys Closes On-Market Buy-Back With No Shares Repurchased

Euroz Hartleys Group Limited has lodged a final on-market share buy-back notice with the ASX confirming that no shares were repurchased and no consideration was paid under the concluded buy-back program. The company stated it remains in compliance with all relevant Corporations Act requirements and ASX listing rules, indicating that the formal closure of the buy-back has no immediate impact on its capital structure but provides clarity to investors regarding its current capital management stance.

The most recent analyst rating on (AU:EZL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Euroz Hartleys Group Limited stock, see the AU:EZL Stock Forecast page.