GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:GQG)
ASX:GQG
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GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
(Sydney:GQG)
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Rating:86Outperform
Price Target:
AU$2.00
▲(11.73% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong financial performance (high margins, low leverage, and excellent cash-flow quality) and attractive valuation (low P/E with a high dividend yield). Technicals add support through a positive trend and healthy momentum, while the main risk is revenue volatility highlighted by the 2025 top-line contraction.
Positive Factors
Cash-flow quality
Operating and free cash flow closely track reported earnings (FCF/net income ~0.99–1.00) and cash coverage of debt is very high (~14x). This durable cash conversion supports dividends, buybacks, and reinvestment capacity, underpinning resilience through market cycles.
Negative Factors
Revenue volatility
A 44% revenue drop in 2025 demonstrates meaningful top-line volatility for an AUM-driven manager. Large swings in revenue reduce predictability of fee income and can compress margins or cash generation during prolonged market weakness or adverse client flows, stressing earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash-flow quality
Operating and free cash flow closely track reported earnings (FCF/net income ~0.99–1.00) and cash coverage of debt is very high (~14x). This durable cash conversion supports dividends, buybacks, and reinvestment capacity, underpinning resilience through market cycles.
Read all positive factors
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (GQG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.29B
Dividend Yield10.91%
Average Volume (3M)8.66M
Price to Earnings (P/E)7.4
Beta (1Y)0.89
Revenue Growth25.96%
EPS Growth32.30%
CountryAU
Employees236
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.11
Shares Outstanding2,958,001,000
10 Day Avg. Volume5,983,372
30 Day Avg. Volume8,657,266
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)7.69
Price to Sales (P/S)4.38
P/FCF Ratio7.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.96Price Target Upside9.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$791.09M
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model
Company Description
GQG Partners Inc. operates as a boutique asset management company. It manages equity portfolios for investors, including insurance funds, pension/superannuation funds, sovereign wealth funds, ultra-high net worth investors, sub-advised funds, fina...
How the Company Makes Money
GQG Partners, Inc. generates revenue primarily through management fees and performance fees. Management fees are typically a percentage of the assets under management (AUM) and are charged to clients for the firm's investment management services. ...
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
92
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 779.29M | 742.85M | 517.59M | 436.83M | 397.94M |
| Gross Profit | 797.38M | 742.85M | 424.55M | 365.16M | 345.05M |
| EBITDA | 630.98M | 0.00 | 384.80M | 332.47M | 323.61M |
| Net Income | 463.25M | 431.56M | 282.52M | 237.94M | 304.87M |
Balance Sheet | |||||
| Total Assets | 493.39M | 463.92M | 389.50M | 341.98M | 375.86M |
| Cash, Cash Equivalents and Short-Term Investments | 134.87M | 96.06M | 64.94M | 19.48M | 56.79M |
| Total Debt | 26.79M | 19.46M | 19.22M | 10.68M | 2.15M |
| Total Liabilities | 50.29M | 48.98M | 39.96M | 29.88M | 85.08M |
| Stockholders Equity | 444.47M | 415.17M | 349.54M | 312.10M | 290.78M |
Cash Flow | |||||
| Free Cash Flow | 480.05M | 415.06M | 294.46M | 245.30M | 301.43M |
| Operating Cash Flow | 483.10M | 419.18M | 295.15M | 245.30M | 302.25M |
| Investing Cash Flow | -3.08M | -106.04M | -1.38M | -3.52M | -4.88M |
| Financing Cash Flow | -440.69M | -283.91M | -248.25M | -278.47M | -257.40M |
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Technical Analysis
Positive
1.79
Price Trends
1.71
Positive
1.67
Positive
1.69
Positive
Market Momentum
<0.01
Negative
57.08
Neutral
74.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GQG, the sentiment is Positive. The current price of 1.79 is above the 20-day moving average (MA) of 1.73, above the 50-day MA of 1.71, and above the 200-day MA of 1.69, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.08 is Neutral, neither overbought nor oversold. The STOCH value of 74.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GQG.
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | AU$5.29B | 7.38 | 116.22% | 10.91% | 25.96% | 32.30% | |
71 Outperform | AU$1.84B | 6.19 | 14.31% | 5.99% | -13.22% | -29.69% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$3.30B | 14.10 | 13.61% | 3.45% | 37.42% | 38.37% | |
53 Neutral | AU$3.20B | 9.67 | 0.72% | ― | -15.63% | ― | |
50 Neutral | AU$1.89B | 9.75 | -1.00% | 6.01% | 2.87% | 87.93% | |
44 Neutral | AU$3.31B | 32.88 | 3.56% | 1.65% | -14.92% | 179.69% |
* Financial Sector Average
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.79
0.02
1.13%
AU:AMP
AMP
1.31
0.20
18.02%
AU:IFL
Insignia Financial Ltd
4.78
0.97
25.46%
AU:MFG
Magellan Financial Group Ltd
9.95
3.28
49.24%
AU:PPT
Perpetual Limited
16.47
0.09
0.58%
AU:PNI
Pinnacle Investment Management Group Limited
15.21
-0.85
-5.29%
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Corporate Events
GQG Partners Edges FUM Higher as Investment Gains Offset Client Outflows
Feb 10, 2026
GQG Partners reported total funds under management of $165.7 billion as of 31 January 2026, up from $163.9 billion a month earlier, driven by $6.0 billion in investment performance gains across its international, global, emerging markets and U.S. ...
GQG Partners Sets Date for 2025 Full-Year Results and Investor Call
Jan 21, 2026
GQG Partners Inc. has announced it will release its full-year financial results for the period ending 31 December 2025 to the Australian Securities Exchange on 13 February 2026 and will host an accompanying investor conference call. The call, feat...
GQG Partners Grows FUM to US$163.9bn Despite 2025 Net Outflows
Jan 12, 2026
GQG Partners reported total funds under management of US$163.9 billion as at 31 December 2025, up from US$153.0 billion a year earlier, as positive investment performance of US$14.8 billion more than offset net outflows of US$3.9 billion for the y...
GQG Partners Sets Date and Deadlines for 2026 Annual General Meeting
Jan 8, 2026
GQG Partners Inc. has scheduled its 2026 Annual General Meeting for 9:00 am AEST on 15 May 2026 (7:00 pm U.S. EDT on 14 May 2026), formalising the key date for shareholder engagement and governance decisions. The company has also set 16 January 20...
GQG Partners Grants Over 31 Million Unquoted Stock Units Under Employee Incentive Plan
Jan 7, 2026
GQG Partners Inc. has notified the market of the issue of a substantial tranche of unquoted equity securities under its employee incentive schemes, comprising 19,490,717 restricted stock units and 11,696,608 performance stock units, both with an i...
GQG Partners Reports Lapse of Equity Incentive Securities
Jan 7, 2026
GQG Partners Inc. has notified the cessation of several tranches of equity-based awards, including 55,253 restricted stock units and a total of 42,675 performance stock units, after the conditional rights to these securities lapsed because their v...
GQG Partners Seeks ASX Quotation for 2.7 Million Additional CDIs
Jan 7, 2026
GQG Partners Inc. has applied to the ASX for quotation of additional CHESS Depositary Interests, representing ordinary shares of the company, under its existing code GQG. The application covers a total of 2,710,332 new CDIs, issued on 29 October 2...
GQG Partners Sets 2026 Earnings Schedule and Dividend Timetable
Jan 6, 2026
GQG Partners Inc. has set out its 2026 financial reporting calendar, confirming dates for its full-year and half-year earnings releases and accompanying conference calls in February and August respectively. The firm also detailed its quarterly div...
GQG Partners Names Veteran Executive Charles Falck as New CFO
Jan 1, 2026
GQG Partners Inc. has appointed experienced investment management executive Charles Falck as its new chief financial officer, effective 1 January 2026, following the retirement of long-serving CFO Melodie Zakaluk. Falck, who previously served as t...
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.