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NobleOak Life Ltd (AU:NOL)
ASX:NOL
Australian Market

NobleOak Life Ltd (NOL) AI Stock Analysis

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AU:NOL

NobleOak Life Ltd

(Sydney:NOL)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
AU$1.50
▼(-1.96% Downside)
The score is driven primarily by solid financial fundamentals—strong recent cash generation and very low leverage—tempered by highly volatile revenue and uneven profitability. Technical signals are slightly negative with the stock trading below key moving averages, while valuation appears moderate based on the P/E.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business sustainability.
Cash Flow Strength
Strong cash flow enhances financial flexibility, enabling the company to invest in growth opportunities and weather economic fluctuations.
Employee Incentive Scheme
Aligning employee interests with corporate goals can boost engagement and retention, fostering a motivated workforce for sustained growth.
Negative Factors
Operational Inefficiencies
A drop in EBIT margin suggests challenges in cost management, which could impact profitability if not addressed effectively.
Shareholder Structure Changes
Changes in substantial holdings may affect shareholder dynamics and influence strategic decisions, potentially leading to instability.
Moderate Leveraging
Moderate leveraging can limit financial flexibility and increase risk exposure, potentially affecting long-term financial health.

NobleOak Life Ltd (NOL) vs. iShares MSCI Australia ETF (EWA)

NobleOak Life Ltd Business Overview & Revenue Model

Company DescriptionNobleOak Life Ltd (NOL) is an Australian life insurance provider that offers a range of insurance products, including life, income protection, total and permanent disability (TPD), and trauma insurance. The company operates within the financial services sector, focusing on providing comprehensive and affordable insurance solutions to individuals and families. NobleOak Life Ltd is known for its customer-centric approach, high-quality service, and commitment to transparency.
How the Company Makes MoneyNobleOak Life Ltd generates revenue primarily through the sale of its insurance products. The company's revenue streams include premium collections from policyholders for various insurance policies such as life, income protection, TPD, and trauma insurance. Additionally, NobleOak may earn investment income from the management of the funds collected through premiums. The company's earnings are influenced by factors such as underwriting performance, claims experience, and investment returns. Partnerships with financial advisors, brokers, and other distribution channels also play a crucial role in expanding their market reach and driving sales.

NobleOak Life Ltd Financial Statement Overview

Summary
NobleOak Life Ltd demonstrates strong financial health with consistent revenue growth, a robust gross profit margin, and a strong net profit margin. The balance sheet shows prudent financial management with low debt-to-equity, though moderate leveraging is noted. Cash flow is strong, with substantial growth and efficient capital expenditure management. However, operational inefficiencies are reflected in a drop in EBIT margin.
Income Statement
NobleOak Life Ltd has exhibited consistent revenue growth, with a significant increase in total revenue from the previous year. The gross profit margin is robust, indicating effective cost management. However, the drop in EBIT margin suggests some operational inefficiencies. The company has a strong net profit margin, which is a positive indicator of profitability.
Balance Sheet
The debt-to-equity ratio is low, reflecting prudent financial management and lower financial risk. The return on equity is solid, indicating effective use of shareholder funds. However, the equity ratio indicates moderate leveraging, which could pose risks if liabilities increase significantly.
Cash Flow
The company has a strong free cash flow position, with a substantial growth rate in the latest period. Operating cash flow is well in excess of net income, showing strong cash generation capabilities. The free cash flow to net income ratio is also favorable, suggesting efficient capital expenditure management.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue123.99M123.99M386.65M343.40M75.43M61.32M
Gross Profit123.99M123.99M50.26M181.86M169.78M61.32M
EBITDA15.42M15.42M20.33M18.67M4.22M8.52M
Net Income7.12M7.12M9.28M7.99M1.69M4.90M
Balance Sheet
Total Assets567.29M567.29M463.73M251.15M121.08M72.62M
Cash, Cash Equivalents and Short-Term Investments0.000.0063.96M30.26M30.26M31.41M
Total Debt4.58M4.58M5.26M5.83M556.00K1.46M
Total Liabilities478.36M478.36M392.33M131.31M9.45M-12.00M
Stockholders Equity88.94M88.94M71.41M119.84M111.63M84.62M
Cash Flow
Free Cash Flow58.63M58.63M44.02M129.66M23.49M-2.17M
Operating Cash Flow58.74M58.74M44.42M130.14M27.98M-720.00K
Investing Cash Flow-45.59M-45.59M-29.86M-108.81M-53.33M-10.37M
Financing Cash Flow8.44M8.44M-1.01M-1.18M23.77M14.42M

NobleOak Life Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.53
Price Trends
50DMA
1.43
Positive
100DMA
1.46
Positive
200DMA
1.43
Positive
Market Momentum
MACD
0.02
Negative
RSI
65.98
Neutral
STOCH
97.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NOL, the sentiment is Positive. The current price of 1.53 is above the 20-day moving average (MA) of 1.43, above the 50-day MA of 1.43, and above the 200-day MA of 1.43, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 65.98 is Neutral, neither overbought nor oversold. The STOCH value of 97.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NOL.

NobleOak Life Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
62
Neutral
AU$142.20M18.508.88%21.79%-23.00%
56
Neutral
AU$342.21M46.774.50%0.63%
56
Neutral
AU$929.04M9.3112.11%11.71%-6.49%-5.40%
55
Neutral
AU$434.31M21.7912.36%2.86%-26.30%40.12%
53
Neutral
AU$773.77M17.275.92%4.63%26.01%-17.55%
50
Neutral
AU$4.52B57.0514.42%23.69%116.67%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NOL
NobleOak Life Ltd
1.53
0.03
2.00%
AU:CVW
Clearview Wealth Limited
0.58
0.22
61.11%
AU:ZIP
Zip Co Ltd.
3.56
0.62
21.09%
AU:PPM
Pepper Money Ltd
2.09
0.89
74.17%
AU:COG
COG Financial Services Limited
2.05
1.09
113.54%
AU:MYS
Mystate Limited
4.56
0.52
12.87%

NobleOak Life Ltd Corporate Events

NobleOak Life Limited Announces Director’s Interest Change
Dec 11, 2025

NobleOak Life Limited has announced a change in the director’s interest, specifically regarding Anthony Ross Brown’s holdings. The change involves the acquisition of 343,156 performance rights, which were approved by shareholders, reflecting a strategic move to align executive interests with company performance. This adjustment in director’s interests may impact the company’s governance and stakeholder confidence, as it underscores a commitment to performance-based incentives.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Ltd Issues Unquoted Performance Rights
Dec 11, 2025

NobleOak Life Ltd announced the issuance of 1,049,684 unquoted performance rights under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until the restrictions are lifted, potentially impacting employee retention and motivation strategies.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Ltd Secures Strong Shareholder Support at AGM
Nov 21, 2025

NobleOak Life Ltd recently held its Annual General Meeting, where several key resolutions were passed. These included the adoption of the Remuneration Report, the re-election of directors Inese Kingsmill and Stephen Harrison, and the approval of a Long Term Incentive Plan for the CEO for FY26. The outcomes of these resolutions indicate strong shareholder support for the company’s leadership and strategic plans, which could positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Ltd Announces 2025 Annual General Meeting
Nov 20, 2025

NobleOak Life Ltd has announced its 2025 Annual General Meeting, highlighting its position as Australia’s fastest-growing direct life insurer. The announcement underscores the company’s robust growth trajectory and its strategic focus on enhancing its market presence, which is likely to have positive implications for its stakeholders.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Reports Strong FY25 Performance and Strategic Transition
Nov 20, 2025

NobleOak Life Limited reported a strong financial performance for FY25, with a 20% increase in in-force premiums to $464 million and a 22% rise in underlying NPAT to $18.3 million. The company continues to strengthen its position as a leading direct life insurer in Australia, driven by a diversified strategy, direct distribution model, and investment in technology and product innovation. A significant strategic development was the transition from a Friendly Society to a Life Company structure, aiming for cost-effective capital management and improved governance. This transition, requiring a $3-4 million investment, positions NobleOak for future growth in life insurance and wealth markets. Despite not declaring a dividend for FY25, the Board anticipates potential dividend payments by 2027, contingent on ongoing strong performance.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Limited Appoints New Company Secretary
Nov 20, 2025

NobleOak Life Limited has announced the appointment of Amanda Underwood as its new Company Secretary, effective November 20, 2025. This strategic appointment is expected to strengthen the company’s governance and operational framework, potentially enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Director Increases Shareholding
Nov 3, 2025

NobleOak Life Limited has announced a change in the director’s interest, specifically concerning Andrew Crawfurd Gale. The change involves the acquisition of 25,345 ordinary shares, increasing his total holdings to 80,000 shares. This transaction, conducted through an on-market trade, reflects a strategic move in managing personal investments and may indicate confidence in the company’s future performance.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Director Increases Shareholding
Oct 21, 2025

NobleOak Life Limited has announced a change in the director’s interest, with Andrew Crawfurd Gale acquiring an additional 4,172 ordinary shares through an on-market trade. This transaction increases his total holdings to 54,655 shares, reflecting a continued commitment to the company and potentially signaling confidence in its future performance.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Limited Announces Hybrid Annual General Meeting for 2025
Oct 15, 2025

NobleOak Life Limited has announced its Annual General Meeting (AGM) scheduled for 21 November 2025, which will be conducted in a hybrid format allowing both in-person and online participation. This meeting provides shareholders an opportunity to engage with the company’s board and management, discuss strategic priorities, and vote on business items. Shareholders are encouraged to participate actively, either by attending the meeting or by submitting proxy votes in advance. The AGM will also allow for questions to be directed to the company’s auditor, Deloitte Touche Tohmatsu, regarding the financial report and audit conduct.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Announces Director’s Share Acquisition
Oct 13, 2025

NobleOak Life Limited has announced a change in the director’s interest notice, specifically regarding Andrew Crawfurd Gale’s indirect interest in the company. The change involves the acquisition of 483 ordinary shares, increasing the total number of shares held to 50,483. This transaction was conducted as an on-market trade and reflects a modest increase in the director’s stake, which may indicate confidence in the company’s future performance.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Announces Director’s Interest Change
Oct 9, 2025

NobleOak Life Limited has announced a change in the director’s interest, specifically regarding Anthony Ross Brown. The change involves the acquisition of 69,555 ordinary shares through the conversion of performance rights, increasing the total number of shares held by Mr. Brown to 5,771,764. This adjustment reflects the partial vesting of performance rights under a long-term incentive plan (LTIP), which may influence the company’s governance and shareholder dynamics.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Ltd Issues New Shares Following Performance Rights Exercise
Oct 9, 2025

NobleOak Life Ltd has issued 144,086 fully paid ordinary shares following the exercise of listed performance rights, as disclosed in their recent ASX release. This move aligns with the company’s compliance with relevant sections of the Corporations Act and reflects its ongoing operational strategies.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Limited Announces Cessation of Performance Rights
Oct 9, 2025

NobleOak Life Limited announced the cessation of 410,310 performance rights due to the lapse of conditional rights that were not satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance metrics and future financial strategies.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Life Ltd Announces Quotation of New Securities on ASX
Oct 9, 2025

NobleOak Life Ltd has announced the quotation of 144,086 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 9, 2025. This move is part of the company’s strategy to enhance its market presence and provide liquidity to its stakeholders, potentially strengthening its position in the life insurance sector.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

NobleOak Director Increases Stake in Company
Oct 9, 2025

NobleOak Life Limited announced a change in the director’s interest, as Sarah Jane Brennan increased her indirect interest in the company by acquiring 20,000 ordinary shares through an on-market trade. This change reflects a significant increase in her stake, bringing her total holdings to 40,253 shares, indicating confidence in the company’s future prospects.

The most recent analyst rating on (AU:NOL) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on NobleOak Life Ltd stock, see the AU:NOL Stock Forecast page.

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.Date of analysis: Jan 04, 2026