NAOS Ex-50 Opportunities Co. Ltd. (AU:NAC)
ASX:NAC
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NAOS Ex-50 Opportunities Co. Ltd.
(Sydney:NAC)
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Rating:61Neutral
Price Target:
AU$0.72
▲(3.29% Upside)
Action:ReiteratedDate:03/18/26
The score is most constrained by uneven financial performance, with significant earnings and cash-flow volatility despite a reasonably solid balance sheet. This is partly offset by very attractive valuation (low P/E and high yield) and generally positive price positioning above key moving averages, though momentum signals (negative MACD) are mixed.
Positive Factors
Niche investment mandate
A concentrated, active mandate targeting Australian micro-cap stocks outside the ASX50 gives NAC structural access to less efficient segments where skilled managers can generate long-term alpha. This durable focus supports differentiated returns versus broad-market passive exposures over months to years.
Negative Factors
Earnings & cash-flow volatility
Large swings between profitable and loss years create persistent uncertainty in NAV, dividends and forecasting. For an LIC focused on micro-caps, such volatility is structural and can reduce investor predictability and increase the risk of capital impairment across 2–6 month horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche investment mandate
A concentrated, active mandate targeting Australian micro-cap stocks outside the ASX50 gives NAC structural access to less efficient segments where skilled managers can generate long-term alpha. This durable focus supports differentiated returns versus broad-market passive exposures over months to years.
Read all positive factors
NAOS Ex-50 Opportunities Co. Ltd. (NAC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield8.57%
Average Volume (3M)28.24K
Price to Earnings (P/E)1.9
Beta (1Y)0.02
Revenue Growth-38.13%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.09
Shares Outstanding45,794,735
10 Day Avg. Volume28,354
30 Day Avg. Volume28,239
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.64
Price to Sales (P/S)1.90
P/FCF Ratio-106.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NAOS Ex-50 Opportunities Co. Ltd. Business Overview & Revenue Model
Company Description
NAOS Ex-50 Opportunities Company Limited is a listed investment company launched and managed by NAOS Asset Management Limited. It seeks to invest in the public equity markets across the globe with a focus on Australia. It invests in the value stoc...
How the Company Makes Money
NAC does not generate operating revenue from selling products or services; instead, it functions as an investment vehicle and its financial performance is driven by the returns on its investment portfolio. The primary way NAC makes money is throug...
NAOS Ex-50 Opportunities Co. Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
71
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.88M | -15.84M | 9.42M | -24.34M | 29.24M |
| Gross Profit | 10.92M | -15.92M | 9.34M | -24.42M | 29.19M |
| EBITDA | 9.69M | -77.72K | 0.00 | 0.00 | 0.00 |
| Net Income | 7.55M | -13.31M | 5.82M | -18.29M | 19.37M |
Balance Sheet | |||||
| Total Assets | 53.07M | 46.74M | 63.58M | 62.72M | 92.73M |
| Cash, Cash Equivalents and Short-Term Investments | 49.22M | 40.76M | 1.17M | 2.34M | 288.75K |
| Total Debt | 17.32M | 17.23M | 17.15M | 17.07M | 16.99M |
| Total Liabilities | 17.82M | 17.96M | 18.05M | 19.61M | 29.02M |
| Stockholders Equity | 35.25M | 28.78M | 45.53M | 43.11M | 63.71M |
Cash Flow | |||||
| Free Cash Flow | -212.32K | 3.81M | 2.22M | 4.42M | -11.71M |
| Operating Cash Flow | -212.32K | 3.81M | 2.22M | 4.42M | -11.71M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -1.08M | -3.46M | -3.39M | -2.31M | 11.67M |
NAOS Ex-50 Opportunities Co. Ltd. Technical Analysis
Positive
0.70
Price Trends
0.64
Negative
0.64
Negative
0.58
Positive
Market Momentum
>-0.01
Negative
49.40
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NAC, the sentiment is Positive. The current price of 0.7 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.64, and above the 200-day MA of 0.58, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.40 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NAC.
NAOS Ex-50 Opportunities Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$56.83M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ― | 1.85 | 39.91% | 8.57% | -38.13% | ― | |
61 Neutral | AU$52.13M | 19.67 | 3.43% | 6.89% | 30.36% | -31.47% | |
54 Neutral | AU$26.98M | 38.35 | 1.46% | 2.94% | 38.32% | ― | |
53 Neutral | AU$27.20M | 46.88 | 4.11% | 2.03% | 18.17% | ― |
* Financial Sector Average
AU:NAC
NAOS Ex-50 Opportunities Co. Ltd.
0.63
0.33
114.78%
AU:LCE
London City Equities Ltd
0.85
0.01
1.19%
AU:CIW
Clime Investment Management Ltd
0.33
>-0.01
-0.90%
AU:MAM
Microequities Asset Management Group Ltd.
0.44
-0.02
-4.19%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.62
-0.06
-8.55%
NAOS Ex-50 Opportunities Co. Ltd. Corporate Events
NAOS Ex-50 Schedules Q3 Investor Webinar Featuring Comms Group Chairman
Mar 23, 2026
NAOS Ex-50 Opportunities Company Limited, managed by NAOS Asset Management, operates as a listed investment company providing exposure to ex-top-50 Australian equities through its suite of LICs. The group emphasizes a distinct investment philosoph...
NAOS Ex-50 Sets March Interest Payment for NACGA Convertible Bond
Mar 11, 2026
NAOS Ex-50 Opportunities Company Limited has announced an upcoming interest payment on its listed convertible bond security NACGA, which carries a 6.50% coupon and matures on 30 September 2027. Bondholders on the record date of 23 March 2026 will ...
NAOS Ex-50 Director Increases Indirect Holding of Listed Options
Mar 10, 2026
NAOS Ex-50 Opportunities Company Limited has disclosed a change in director Sebastian Evans’ indirect interests, with associated entities increasing their holding of NACO listed options. Following an on-market purchase of 33,052 options by N...
NAOS Ex-50 lifts fully franked payout as NTA holds above market price
Mar 10, 2026
NAOS Ex-50 Opportunities Company Limited reported a pre-tax net tangible asset value of $0.65 per share and a post-tax NTA of $0.74 as at 28 February 2026, against a share price of $0.655, with total dividends since inception reaching $0.6025 per ...
NAOS Ex-50 Director Increases Indirect Shareholding via On-Market Purchase
Mar 3, 2026
NAOS Ex-50 Opportunities Company Limited reported a change in director Sebastian Evans’ indirect interest in the company’s securities following an on-market purchase. Through associated entities, Evans increased his holding by 15,000 o...
NAOS Ex-50 Director Increases Indirect Holding in Listed Options
Feb 23, 2026
NAOS Ex-50 Opportunities Company Limited has disclosed a change in the indirect holdings of director Sebastian Evans, whose interests are held through several related entities including NAOS Asset Management Limited and associated investment vehic...
NAOS Ex-50 Releases Q2 FY26 Investor Update Materials
Feb 2, 2026
NAOS Ex-50 Opportunities Company Limited has released presentation materials for its Q2 FY26 investor update and QA session, which is being held today and hosted by its investment manager, NAOS Asset Management. The update provides the market and ...
NAOS Flags Gold-Led Rally and Blue-Chip Weakness in Q2 FY26 Review
Jan 26, 2026
In its Q2 FY26 quarterly investment report, NAOS highlighted a diverging performance landscape on the ASX in calendar 2025, with the SP/ASX 200 Accumulation Index returning 10.3% for the year but slipping 1.0% in Q2 FY26, while smaller companies o...
NAOS Ex-50 Director Sebastian Evans Increases Indirect Holding of NACO Options
Jan 19, 2026
NAOS Ex-50 Opportunities Company Limited has disclosed a change in director Sebastian Evans’ relevant interest, following the on‑market purchase of 1,581 NACO listed options by associated entity NAOS Asset Management Limited on 13 Janu...
NAOS Ex-50 LIC Trades at NTA Discount as Portfolio Delivers Strong FY26 Start
Jan 11, 2026
NAOS Ex-50 Opportunities Company Limited reported a post-tax net tangible asset (NTA) value of $0.82 per share as at 31 December 2025, compared with a closing share price of $0.695, highlighting a notable discount between market value and underlyi...
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.