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$1.50
â–Ľ(-11.76% Downside)
Action:Reiterated
Date: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
Fee‑based asset management business model
GQG’s core revenue derives from recurring management fees tied to assets under management, a durable business model that scales with AUM and benefits from operating leverage. Over 2–6 months this supports predictable revenue when AUM is stable and enables margin expansion as fixed costs are spread.
Negative Factors
Sharp recent revenue contraction
A 44% revenue decline in 2025 signals material top-line sensitivity to market and flow dynamics. Even with strong margins, such large swings can pressure fee revenue, client relationships, and medium‑term planning; recovery depends on regaining AUM or improving net inflows, which may take multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee‑based asset management business model
GQG’s core revenue derives from recurring management fees tied to assets under management, a durable business model that scales with AUM and benefits from operating leverage. Over 2–6 months this supports predictable revenue when AUM is stable and enables margin expansion as fixed costs are spread.
Read all positive factors
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (GQG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.11B
Dividend Yield10.91%
Average Volume (3M)8.66M
Price to Earnings (P/E)6.2
Beta (1Y)0.82
Revenue Growth8.76%
EPS Growth8.17%
CountryAU
Employees236
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.16
Shares Outstanding2,958,014,000
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$1.89Price Target Upside11.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$780.97M
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model
Company Description
GQG Partners Inc. is a specialized investment management firm dedicated to overseeing equity portfolios. The company caters to a wide array of clients, including major institutional investors such as insurance firms, retirement and sovereign wealt...
How the Company Makes Money
GQG Partners primarily makes money by earning investment management fees for managing client assets (assets under management, AUM). These fees are typically calculated as a percentage of AUM and are recognized as revenue over time as investment ma...
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
Negative
1.70
Price Trends
1.59
Negative
1.61
Negative
1.58
Negative
Market Momentum
-0.05
Positive
28.31
Positive
11.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GQG, the sentiment is Negative. The current price of 1.7 is above the 20-day moving average (MA) of 1.50, above the 50-day MA of 1.59, and above the 200-day MA of 1.58, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 28.31 is Positive, neither overbought nor oversold. The STOCH value of 11.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$4.11B | 6.19 | 107.67% | 10.91% | 8.76% | 8.17% | |
71 Outperform | AU$1.60B | 10.55 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$3.43B | 26.03 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$2.60B | 7.60 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$1.81B | -108.45 | -1.00% | 6.01% | 2.23% | 96.71% | |
44 Neutral | AU$3.76B | 28.76 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.39
-0.47
-25.43%
AU:AMP
AMP
1.52
0.31
25.93%
AU:MFG
Magellan Financial Group Ltd
8.67
0.72
9.04%
AU:PPT
Perpetual Limited
15.73
-1.75
-9.99%
AU:L1G
Platinum Asset Management Ltd
1.03
0.50
97.12%
AU:PNI
Pinnacle Investment Management Group Limited
14.98
-4.78
-24.20%
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh Corporate Events
GQG Partners Declares High-Payout First-Quarter Dividend
May 11, 2026
GQG Partners Inc. has declared a first-quarter dividend of US$0.0354 per share, equivalent to approximately AUD$0.04878 based on an exchange rate of 0.7257, for the period ended 31 March 2026. The payout represents 90.14% of estimated distributabl...
GQG Partners’ Funds Under Management Rise to $166.9 Billion on Strong Performance
May 11, 2026
GQG Partners reported total funds under management of $166.9 billion as at 30 April 2026, up from $162.5 billion a month earlier, driven by investment performance across its international, emerging markets and global strategies. The firm’s U...
GQG Partners’ Funds Under Management Slip Amid Volatility Despite Strategy Outperformance
Apr 12, 2026
GQG Partners reported total funds under management of US$162.5 billion as at 31 March 2026, down from US$172.9 billion at the start of the month, reflecting net outflows of US$1.2 billion in March and US$8.6 billion for the quarter. These outflows...
GQG Partners Seeks ASX Quotation for Additional CDIs
Apr 8, 2026
GQG Partners Inc. has applied to the ASX for quotation of 12,854 additional CHESS Depositary Interests, on a 1:1 basis to underlying U.S. shares, to be issued on March 20, 2026. The new securities, which exclude certain U.S. persons, arise from th...
GQG Partners Assets Rise to $172.9 Billion Despite Monthly Net Outflows
Mar 10, 2026
GQG Partners reported total funds under management of $172.9 billion as of 28 February 2026, up from $165.7 billion at the start of the month, driven primarily by $10.5 billion in investment performance gains across its international, emerging mar...
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.