Navigator Global Investments Ltd (NGI) AI Stock Analysis

• Market Cap: $1.53B
• Dividend Yield: 1.5%
• Average Volume (3M): 603.62K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.49
• Revenue Growth: 29.98%
• EPS Growth: 39.74%
• Country: AU
• Employees: 286
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Global
• EPS (TTM): 0.18
• Shares Outstanding: 491,118,070
• 10 Day Avg. Volume: 682,896
• 30 Day Avg. Volume: 603,622
• PEG Ratio: 0.11
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 1346.09
• P/FCF Ratio: 6.37
• Enterprise Value/Market Cap: 0.65
• Enterprise Value/Revenue: 3.33
• Enterprise Value/Gross Profit: 7.34
• Enterprise Value/Ebitda: 8.17
• 1Y Price Target: $3.67
• Price Target Upside: 12.77% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$3.50 ▲(7.69% Upside)

Navigator Global Investments Ltd demonstrates strong technical momentum and a favorable valuation with a low P/E ratio, suggesting potential undervaluation. Financial performance is stable but impacted by revenue volatility and a negative gross profit margin, which are risks that need addressing. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Conservative leverage

Low debt-to-equity provides durable financial resilience: it reduces fixed interest obligations, preserves borrowing capacity, and helps the firm weather market downturns without forced asset sales. This structural conservatism supports long‑term stability and optionality for investments.

Improving return on equity

Rising ROE signals more effective use of shareholder capital and suggests management is improving profit generation from existing equity. Sustained ROE improvement supports reinvestment, dividend capacity, and long‑term shareholder value creation if maintained by disciplined capital allocation.

Robust cash generation

Higher operating and free cash flow strengthens financial flexibility over time: funds internal investment, dividends, debt reduction, or strategic M&A without relying on external financing. Strong cash conversion also cushions the firm through revenue cyclicality and funds long‑term initiatives.

Negative Factors

Revenue volatility and recent decline

A sharp recent revenue decline and erratic top‑line trends weaken predictability of fee income central to asset management. Persistent revenue volatility can shrink the fee base, impair long‑term investment plans, and pressure margins and client retention if flows don’t stabilize.

Negative gross profit margin

A negative gross margin on core activities points to structural pricing or cost mismatches that can erode the economic model. Even with strong downstream margins, prolonged negative gross profitability risks unsustainable operations unless cost structures or pricing are materially corrected.

Concentration of fee revenue on AUM

Heavy reliance on AUM and performance fees ties revenue to market performance and client flows. Over multi‑month horizons, prolonged market downturns or sustained outflows can materially reduce revenues and fees, making the business cyclically sensitive and constraining strategic flexibility.

Navigator Global Investments Ltd Business Overview & Revenue Model

Company Description

Navigator Global Investments Limited operates as a fund management company in Australia. The company, through its subsidiaries, offers open-ended products and structured products to retail, wholesale, and institutional investors. Navigator Global Investments Limited is based in Sydney, Australia.

How the Company Makes Money

Navigator Global Investments generates revenue primarily through asset management fees, which are charged as a percentage of the assets under management (AUM). The firm also earns performance fees based on the investment returns exceeding a predetermined benchmark. Additionally, NGI may have revenue streams from advisory services, where clients pay for investment strategies and financial planning. Strategic partnerships with financial institutions and other investment managers can also contribute to revenue growth, enhancing their product offerings and market reach.

Navigator Global Investments Ltd Financial Statement Overview

Summary

Navigator Global Investments Ltd exhibits strong profitability and operational efficiency, despite a sharp revenue decline. The balance sheet reflects financial stability with low leverage, while cash flow metrics indicate robust cash generation. However, the negative gross profit margin and revenue volatility pose potential risks that need addressing.

Income Statement

Navigator Global Investments Ltd has shown a volatile revenue trajectory with a significant decline in the latest year. The gross profit margin turned negative, indicating cost management issues. However, the company maintains a strong net profit margin due to high EBIT and EBITDA margins, suggesting effective operational efficiency despite revenue challenges.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating conservative leverage and financial stability. Return on equity has improved, reflecting better profitability relative to shareholder equity. The equity ratio suggests a strong capital structure, providing a buffer against potential financial risks.

Cash Flow

Operating cash flow has increased, supporting the company's ability to generate cash from operations. Free cash flow growth is positive, indicating improved cash generation. The ratios of operating and free cash flow to net income are healthy, demonstrating efficient cash conversion from profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	299.25M	457.00K	276.28M	184.90M	84.15M	121.85M
Gross Profit	135.84M	-5.34M	177.28M	225.73M	129.37M	100.16M
EBITDA	122.08M	147.97M	116.40M	86.61M	101.34M	47.65M
Net Income	147.06M	119.36M	66.31M	35.51M	53.37M	26.93M
Balance Sheet
Total Assets	887.12M	938.89M	787.85M	1.15B	979.25M	486.79M
Cash, Cash Equivalents and Short-Term Investments	50.81M	55.48M	61.62M	101.88M	136.76M	52.10M
Total Debt	39.69M	28.24M	24.34M	57.02M	38.02M	23.61M
Total Liabilities	153.79M	145.27M	124.64M	512.86M	377.90M	116.17M
Stockholders Equity	733.33M	793.62M	663.21M	633.27M	601.35M	370.62M
Cash Flow
Free Cash Flow	77.42M	96.63M	51.28M	44.56M	119.86M	34.25M
Operating Cash Flow	82.40M	100.25M	57.99M	56.47M	123.74M	35.79M
Investing Cash Flow	-54.85M	-92.92M	-34.88M	-92.79M	-64.88M	12.52M
Financing Cash Flow	-40.28M	-14.37M	-28.13M	-2.82M	2.63M	-22.92M

Navigator Global Investments Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGI, the sentiment is Positive. The current price of 3.25 is above the 20-day moving average (MA) of 2.96, above the 50-day MA of 2.92, and above the 200-day MA of 2.13, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.88 is Neutral, neither overbought nor oversold. The STOCH value of 76.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NGI.

Navigator Global Investments Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGI	73 Outperform	$1.53B	9.31	16.39%	1.50%	29.98%	39.74%
EQT	69 Neutral	AU$684.51M	21.18	8.50%	4.63%	4.26%	79.41%
RPL	68 Neutral	AU$1.29B	29.71	5.73%	4.92%	21.81%	-43.93%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AEF	64 Neutral	AU$557.77M	27.10	58.10%	2.70%	18.80%	74.51%
PPS	50 Neutral	AU$373.17M	27.56	12.27%	2.81%	24.56%	59.32%

Navigator Global Investments Ltd Corporate Events

Navigator Global Holds AUM Steady as Performance and Private Markets Drive Growth

Navigator Global Investments reported that its ownership-adjusted assets under management held steady at USD29 billion at 31 December 2025, up 7% year-on-year, while total firm-level AUM dipped 3.2% in the quarter to USD83.7 billion but remained 6.6% higher over 12 months. The quarter was marked by strong absolute and relative investment performance across partner firms amid volatile markets, record AUM of USD17.3 billion at Lighthouse Partners driven by outperforming hedge fund strategies, and continued expansion in NGI Strategic’s private markets platform, whose AUM rose 7.1% in the quarter and 50% over the year, even as the sale of US private credit manager Bardin Hill to Man Group temporarily reduced reported AUM. Management highlighted sustained demand from institutional and global private wealth clients for alternative strategies, suggesting that robust performance and higher AUM should support fee revenue growth and reinforce NGI’s positioning in the alternatives sector ahead of its interim results in February 2026.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.85 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Director Increases Shareholding

Navigator Global Investments Ltd announced a change in the director’s interest, with Nicola Meaden Grenham acquiring 20,000 additional ordinary shares through an on-market trade, increasing her total holdings to 109,768 shares. This acquisition reflects a significant personal investment by a key director, which may indicate confidence in the company’s future performance and could positively influence stakeholder perceptions.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.45 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Director Acquires New Shares

Navigator Global Investments Limited announced a change in the director’s interest, with Roger Andrew Davis acquiring 50,000 ordinary fully paid shares through an on-market trade. This acquisition, valued at AUD 148,424.10, reflects a strategic move that could influence the company’s governance and potentially impact shareholder confidence and market perception.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.45 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Ltd Announces New Securities Quotation

Navigator Global Investments Ltd has announced the application for quotation of 1,038,643 new securities on the Australian Securities Exchange (ASX), set to be issued on November 26, 2025. This move is part of the company’s strategy to enhance its market position and potentially increase its capital base, which could have implications for its stakeholders and overall market performance.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Ltd Announces AGM Results with All Resolutions Passed

Navigator Global Investments Ltd announced the successful outcomes of its 2025 Annual General Meeting, where all resolutions were passed as ordinary resolutions. Key resolutions included the adoption of the remuneration report, the election and re-election of directors, and the approval of equity awards for the CEO. These decisions reflect strong shareholder support and are likely to influence the company’s strategic direction and governance positively.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Announces Board Changes and Strategic Capital Reallocation

Navigator Global Investments Limited announced changes in its board leadership with Roger Davis assuming the role of Chair, succeeding Michael Shepherd. The company also updated its capital management strategy, suspending dividend payments to focus on growth opportunities through strategic partnerships, reflecting its commitment to long-term shareholder value.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Announces Director Change

Navigator Global Investments Ltd announced the cessation of Michael Shepherd as a director, effective November 14, 2025. This change in directorship may impact the company’s strategic direction and governance, as Shepherd held indirect interests in the company through a family trust, owning 272,482 ordinary shares.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Navigator Global Investments Achieves Record Earnings and Growth in FY25

Navigator Global Investments Ltd reported record earnings and significant growth in its financial performance for the fiscal year 2025. The company achieved an 18% increase in revenue, reaching USD 204 million, and a 26% rise in adjusted EBITDA to USD 113.6 million. This growth was driven by exceptional investment performance from its Lighthouse segment and higher distributions from NGI Strategic Partner Firms. The company’s net profit after tax grew to USD 119.4 million, equating to 21.7 cents of earnings per share, reflecting a robust year of strategic growth and financial success.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.85 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.

Norges Bank Ceases Substantial Holding in Navigator Global Investments

Norges Bank has ceased to be a substantial holder in Navigator Global Investments Ltd as of November 3, 2025. This change in holdings, which involved significant buying and selling of shares, may impact the company’s shareholder structure and could influence its market positioning and stakeholder interests.

The most recent analyst rating on (AU:NGI) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on Navigator Global Investments Ltd stock, see the AU:NGI Stock Forecast page.