Netwealth Group Ltd. (AU:NWL)
ASX:NWL
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Netwealth Group Ltd.
(Sydney:NWL)
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Rating:64Neutral
Price Target:
AU$23.50
▼(-7.55% Downside)
Action:Reiterated
Date: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
Strong cash generation
Sustained free cash flow growth and high operating-cash-to-net-income ratios indicate the business reliably converts earnings into cash. That supports reinvestment in the platform, steady funding for growth initiatives, and resilience through market cycles over the next 2-6 months.
Negative Factors
Earnings volatility
A large negative EPS growth rate signals material earnings volatility or one-off impacts that reduce predictability. For a platform business, volatile EPS complicates forecasting of distributable cash and may reflect margin pressure or timing differences affecting near-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained free cash flow growth and high operating-cash-to-net-income ratios indicate the business reliably converts earnings into cash. That supports reinvestment in the platform, steady funding for growth initiatives, and resilience through market cycles over the next 2-6 months.
Read all positive factors
Netwealth Group Ltd. (NWL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.38B
Dividend Yield1.45%
Average Volume (3M)820.12K
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue Growth26.82%
EPS Growth-44.32%
CountryAU
Employees664
SectorTechnology
Sector Strength88
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.23
Shares Outstanding245,396,700
10 Day Avg. Volume699,179
30 Day Avg. Volume820,116
Financial Highlights & Ratios
PEG Ratio1.71
Price to Book (P/B)41.27
Price to Sales (P/S)26.31
P/FCF Ratio69.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$28.02Price Target Upside10.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.54
Revenue Forecast (FY)AU$393.28M
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 ...
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...
Netwealth Group Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| 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
Negative
25.42
Price Trends
22.79
Negative
23.73
Negative
27.28
Negative
Market Momentum
-0.34
Positive
42.90
Neutral
37.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NWL, the sentiment is Negative. The current price of 25.42 is above the 20-day moving average (MA) of 23.15, above the 50-day MA of 22.79, and below the 200-day MA of 27.28, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 37.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NWL.
Netwealth Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$319.91M | 10.89 | 13.31% | 2.86% | -38.87% | 60.62% | |
64 Neutral | AU$5.38B | -724.26 | 32.56% | 1.45% | 26.82% | -44.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$126.30M | -318.09 | -0.22% | ― | -7.93% | -101.72% | |
52 Neutral | AU$311.98M | 9.65 | 15.42% | 2.81% | 12.61% | 69.59% | |
48 Neutral | AU$61.65M | 5.73 | 10.48% | ― | 15.57% | ― | |
46 Neutral | AU$11.21M | -1.34 | -17.55% | ― | 43.00% | -6078.57% |
* Technology Sector Average
AU:NWL
Netwealth Group Ltd.
21.91
-7.93
-26.58%
AU:RZI
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0.59
-0.10
-13.97%
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0.64
-0.05
-7.38%
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0.55
-0.20
-27.33%
AU:COG
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1.50
0.11
7.84%
AU:FNX
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0.18
-0.10
-35.71%
Netwealth Group Ltd. Corporate Events
Netwealth discloses controlled voting stake and zero net exposure in own shares
May 1, 2026
Netwealth Group Ltd has disclosed to the ASX that, as at 30 April 2026, the company and its controlled entities had the power to control voting or disposal of 1,579,823 of its own ordinary shares, representing 0.64% of total issued share capital. ...
Netwealth Seeks ASX Quotation for Additional Ordinary Shares
Apr 27, 2026
Netwealth Group Ltd. has applied to the ASX for quotation of 4,000 new ordinary fully paid shares, with an issue date of 28 April 2026. The small share issuance, arising from the exercise or conversion of existing securities, represents a routine ...
Netwealth Issues 46,951 Unquoted Performance Rights Under Staff Incentive Plan
Apr 20, 2026
Netwealth Group Ltd. has notified the market of the issue of 46,951 unquoted performance rights under its employee incentive scheme, with an issue date of 13 March 2026. The rights, trading under the ASX code NWLAD, are subject to transfer restric...
Pinnacle Exits Substantial Shareholder Position in Netwealth Group
Mar 26, 2026
Netwealth Group Ltd has disclosed that Pinnacle Investment Management Group Limited and its listed subsidiaries have ceased to be substantial shareholders in the company as of 23 March 2026. The change, formally notified on 26 March 2026 via a sub...
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.