Netwealth Group Ltd. (NWL) AI Stock Analysis

• Market Cap: AU$5.56B
• Dividend Yield: 1.45%
• Average Volume (3M): 820.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: 28.29%
• EPS Growth: 39.39%
• Country: AU
• Employees: 664
• Sector: Technology
• Sector Strength: 88
• Industry: Financial - Capital Markets
• EPS (TTM): >-0.01
• Shares Outstanding: 245,392,700
• 10 Day Avg. Volume: 699,179
• 30 Day Avg. Volume: 820,116
• PEG Ratio: 1.71
• Price to Book (P/B): 41.27
• Price to Sales (P/S): 26.31
• P/FCF Ratio: 69.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$28.87
• Price Target Upside: 27.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 0.54
• Revenue Forecast (FY): AU$394.92M

• Rating: 64 Neutral
• Price Target: AU$24.00 ▲(5.91% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is supported by strong financial performance (profitable growth, strong cash flow, and low leverage). Offsetting this, valuation is demanding (very high P/E with only a modest yield) and technical signals are mixed with negative MACD and longer-term moving averages still above the price.

Positive Factors

Cash generation

Sustained FCF growth (free cash flow +23.2%) and high operating-cash-to-income conversion indicate durable cash generation from operations. That supports ongoing platform investment, client servicing and optional returns to shareholders while insulating the business from cyclical shocks.

Negative Factors

Flow dependence

Revenue and fee income closely track net flows and adviser adoption; persistent outflows or adviser attrition would directly reduce assets under administration and recurring fees. This structural sensitivity makes growth and margins reliant on sustained client and adviser retention.

Netwealth Group Ltd. Business Overview & Revenue Model

Company Description

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed ...

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Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed ...

How the Company Makes Money

Netwealth primarily makes money by charging ongoing platform and administration fees linked to funds held on its platform (i.e., fees that scale with the value of assets administered and the mix of products/services used). Key revenue streams typi...

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Netwealth primarily makes money by charging ongoing platform and administration fees linked to funds held on its platform (i.e., fees that scale with the value of assets administered and the mix of products/services used). Key revenue streams typi...

Netwealth Group Ltd. Financial Statement Overview

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	354.57M	312.30M	255.25M	207.01M	172.86M	141.98M
Gross Profit	215.03M	312.30M	164.98M	118.89M	98.32M	80.36M
EBITDA	75.63M	162.88M	129.51M	0.00	0.00	78.43M
Net Income	56.76M	116.52M	83.37M	67.15M	55.55M	54.10M
Balance Sheet
Total Assets	306.45M	257.32M	189.49M	161.88M	136.20M	131.12M
Cash, Cash Equivalents and Short-Term Investments	183.43M	173.04M	127.36M	109.97M	89.46M	81.96M
Total Debt	22.96M	13.50M	14.91M	13.59M	15.09M	16.43M
Total Liabilities	156.90M	58.18M	44.97M	38.84M	31.96M	37.94M
Stockholders Equity	149.56M	199.14M	144.52M	123.05M	104.24M	93.18M
Cash Flow
Free Cash Flow	139.62M	118.94M	85.07M	73.58M	56.61M	36.68M
Operating Cash Flow	141.27M	126.84M	89.98M	79.23M	59.60M	37.81M
Investing Cash Flow	-33.56M	-39.50M	-5.11M	-4.99M	-3.69M	-3.22M
Financing Cash Flow	-89.98M	-65.51M	-67.68M	-53.13M	-48.95M	-38.68M

Netwealth Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NWL, the sentiment is Positive. The current price of 22.66 is above the 20-day moving average (MA) of 22.10, below the 50-day MA of 23.38, and below the 200-day MA of 29.03, indicating a neutral trend. The MACD of -0.59 indicates Negative momentum. The RSI at 51.21 is Neutral, neither overbought nor oversold. The STOCH value of 51.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NWL.

Netwealth Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWL	64 Neutral	AU$5.56B	-724.26	32.56%	1.45%	28.29%	39.39%
OFX	63 Neutral	AU$126.28M	21.16	9.10%	―	-5.73%	-36.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COG	54 Neutral	AU$270.86M	10.89	12.36%	2.86%	-26.30%	40.12%
PPS	52 Neutral	AU$329.04M	9.65	15.42%	2.81%	24.56%	59.32%
RZI	48 Neutral	AU$57.44M	5.73	10.48%	―	5.03%	52.31%
FNX	46 Neutral	AU$11.21M	-5.25	-17.55%	―	43.00%	-6078.57%

Netwealth Group Ltd. Corporate Events