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Home Consortium Ltd
(Sydney:HMC)
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Rating:67Neutral
Price Target:
AU$3.00
▲(7.91% Upside)
Action:Reiterated
Date:05/08/26
The score is mainly supported by strong reported profitability and a low-leverage balance sheet, but is held back by weak cash-flow conversion/negative free cash flow and historically volatile cash flows. Technically, the trend is positive, yet overbought signals add near-term risk, and valuation is mixed with a solid yield but a higher P/E.
Positive Factors
Strong profitability
Markedly high gross and net margins in the latest annual results indicate the company retains pricing power and operational leverage in its core development activities. Sustained strong margins support internal reinvestment, dividend capacity and resilience through cyclical slowdowns.
Negative Factors
Weak cash conversion / negative FCF
Negative free cash flow despite reported profit means earnings are not translating into durable cash available for debt reduction, capex or distributions. Over months, this forces reliance on external financing or asset sales, constraining strategic choices and raising sustainability risk for payouts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Markedly high gross and net margins in the latest annual results indicate the company retains pricing power and operational leverage in its core development activities. Sustained strong margins support internal reinvestment, dividend capacity and resilience through cyclical slowdowns.
Read all positive factors
Home Consortium Ltd (HMC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.21B
Dividend Yield3.17%
Average Volume (3M)3.18M
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue Growth29.04%
EPS Growth-101.11%
CountryAU
Employees86
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding412,615,720
10 Day Avg. Volume3,894,250
30 Day Avg. Volume3,177,961
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.23
Price to Sales (P/S)8.20
P/FCF Ratio-128.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.37Price Target Upside21.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.28
Revenue Forecast (FY)AU$295.47M
Home Consortium Ltd Business Overview & Revenue Model
Company Description
HMC Capital Limited, together with its subsidiaries, owns and manages real estate focused funds in Australia. The company invests in high-conviction global megatrends and scalable real assets on behalf of individuals, large institutions, and super...
How the Company Makes Money
Home Consortium Ltd generates revenue through rental income from its owned and managed properties, including retail centers and commercial spaces leased to tenants. The company also earns income from property development, utilizing strategic partn...
Home Consortium Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 194.20M | 249.20M | 81.40M | 69.53M | 78.69M | 69.80M |
| Gross Profit | 193.20M | 234.20M | 81.10M | 44.56M | 64.34M | 46.37M |
| EBITDA | 67.50M | 91.90M | 147.70M | 96.48M | 127.61M | 35.41M |
| Net Income | -2.60M | 147.30M | 66.00M | 57.10M | 77.25M | -54.50M |
Balance Sheet | ||||||
| Total Assets | 3.45B | 2.18B | 1.79B | 1.34B | 912.95M | 982.41M |
| Cash, Cash Equivalents and Short-Term Investments | 574.80M | 665.30M | 247.30M | 115.67M | 57.55M | 11.69M |
| Total Debt | 540.50M | 138.10M | 202.00M | 89.98M | 4.34M | 255.24M |
| Total Liabilities | 1.64B | 299.20M | 281.00M | 144.42M | 66.95M | 271.43M |
| Stockholders Equity | 1.65B | 1.66B | 1.22B | 1.03B | 846.00M | 706.89M |
Cash Flow | ||||||
| Free Cash Flow | 11.20M | -15.90M | 69.60M | 34.06M | 15.19M | 25.78M |
| Operating Cash Flow | 26.80M | 31.00M | 69.60M | 34.06M | 18.53M | 25.78M |
| Investing Cash Flow | 9.50M | -98.40M | -161.70M | -254.03M | 319.50M | -154.21M |
| Financing Cash Flow | 43.00M | 1.70M | 298.70M | 211.19M | -292.17M | 110.55M |
Home Consortium Ltd Technical Analysis
Neutral
2.78
Price Trends
2.82
Positive
2.75
Positive
3.11
Negative
Market Momentum
0.03
Positive
50.79
Neutral
32.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMC, the sentiment is Neutral. The current price of 2.78 is below the 20-day moving average (MA) of 2.98, below the 50-day MA of 2.82, and below the 200-day MA of 3.11, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 32.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:HMC.
Home Consortium Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$2.77B | 7.20 | 11.96% | 6.09% | 5.78% | 79.44% | |
70 Outperform | AU$1.79B | 12.88 | 8.46% | 1.81% | -2.09% | 133.93% | |
67 Neutral | AU$1.21B | -466.67 | -0.16% | 3.17% | 29.04% | -101.11% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | AU$924.94M | 42.46 | 0.74% | 7.11% | 4.64% | ― | |
53 Neutral | AU$555.52M | 9.08 | 6.22% | 8.63% | 3.61% | ― | |
48 Neutral | AU$616.32M | -3.04 | -31.66% | ― | -46.34% | -474.61% |
* Real Estate Sector Average
AU:HMC
Home Consortium Ltd
2.94
-1.97
-40.12%
AU:COF
Centuria Office REIT
0.93
-0.12
-11.26%
AU:HDN
HomeCo Daily Needs REIT
1.33
0.13
10.97%
AU:INA
Ingenia Communities Group
4.38
-0.99
-18.48%
AU:LIC
Lifestyle Communities Ltd
5.07
-1.93
-27.57%
AU:ABG
Abacus Property Group
1.04
-0.05
-4.26%
Home Consortium Ltd Corporate Events
HMC Capital Wins Regulatory Nod for KKR-Backed Illuma Energy Partnership
Jun 25, 2026
HMC Capital has secured ACCC clearance and FIRB approval for its strategic energy partnership with KKR, paving the way for financial close around 30 June 2026 and a rebranding of its HMC Energy Platform as Illuma Energy. KKR-managed funds will inv...
HMC Capital Secures Federal-Backed Revenue Deal for Moorabool Battery Project
Jun 24, 2026
HMC Capital’s Energy Transition Platform has secured a key milestone for its Moorabool Battery Energy Storage System project in Victoria, part of its roughly 5.7GW development pipeline in renewables and storage. The 300MW four-hour VBB2 proj...
State Street Group Ceases to Be Substantial Holder in HMC Capital
May 22, 2026
State Street Corporation, through several subsidiaries including State Street Global Advisors and State Street Bank and Trust Company, has filed a notice that it has ceased to be a substantial holder in HMC Capital Limited. The change reflects a r...
State Street Ends Substantial Holding in HMC Capital Limited
May 11, 2026
State Street Corporation, through various global asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial holder in HMC Capital Limited as of 7 May 2026. The filing, made under Australian Corporations Act...
HMC Capital Issues Business Update with Cultural Acknowledgement at Macquarie Conference
May 5, 2026
HMC Capital released a brief business update in conjunction with a Macquarie Conference presentation dated 6 May 2026, but the document excerpt primarily contains an Acknowledgement of Country rather than operational or financial details. The stat...
State Street Group Ceases to Be Substantial Holder in HMC Capital
Apr 21, 2026
State Street Corporation and various asset management subsidiaries have notified HMC Capital Limited that they have ceased to be substantial shareholders in the company as of 17 April 2026. The change indicates that State Street-affiliated entitie...
HMC Capital Flags Lapse of Nearly 193,000 Performance Rights
Apr 2, 2026
HMC Capital Limited has reported the lapse of 192,965 performance rights, which have ceased because their vesting conditions were not satisfied or became incapable of being met. The cessation, effective 19 March 2026, reduces the company’s p...
HMC Capital Showcases Victorian Big Battery to Investors
Mar 30, 2026
HMC Capital has released a presentation for attendees of a site visit to the Victorian Big Battery, highlighting its activities within the energy transition sector. The event underscores the firm’s growing engagement with large-scale energy ...
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.