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Qualitas Limited
(Sydney:QAL)
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Rating:63Neutral
Price Target:
AU$3.00
▼(-1.96% Downside)
Action:Reiterated
Date:03/24/26
The score is driven by strong profitability and improved leverage, supported by reasonable valuation and dividend yield. These positives are offset by weak technical momentum (downtrend across moving averages with negative MACD) and inconsistent cash flow generation.
Positive Factors
Profitability & margins
Sustained high gross and operating margins imply durable earnings power and pricing or cost advantages in the business model. Higher margins improve cash available for reinvestment, dividends and debt paydown, supporting balance-sheet resilience and long-term shareholder returns.
Negative Factors
Volatile cash generation
Irregular free cash flow reduces predictability of funding for dividends, capex and debt reduction and complicates capital allocation. Volatility implies earnings are not consistently converting to cash, increasing financing risk and lowering confidence in sustained shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & margins
Sustained high gross and operating margins imply durable earnings power and pricing or cost advantages in the business model. Higher margins improve cash available for reinvestment, dividends and debt paydown, supporting balance-sheet resilience and long-term shareholder returns.
Read all positive factors
Qualitas Limited (QAL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$871.12M
Dividend Yield2.65%
Average Volume (3M)840.09K
Price to Earnings (P/E)23.1
Beta (1Y)1.15
Revenue Growth11.84%
EPS Growth26.57%
CountryAU
Employees80
SectorFinancial
Sector Strength70
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.13
Shares Outstanding301,424,530
10 Day Avg. Volume1,774,237
30 Day Avg. Volume840,086
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)2.72
Price to Sales (P/S)8.81
P/FCF Ratio65.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.98Price Target Upside30.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$159.44M
Qualitas Limited Business Overview & Revenue Model
Company Description
Qualitas functions as a real estate investment firm, primarily concentrating on direct capital deployment across diverse property asset classes and geographical locations. Beyond its core direct investments, the company also engages in the acquisi...
How the Company Makes Money
A detailed, factual explanation of how Qualitas Limited (QAL) makes money cannot be provided from the information available in this request. null...
Qualitas Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.64M | 117.40M | 103.38M | 94.13M | 47.32M | 70.88M |
| Gross Profit | 117.62M | 105.73M | 102.31M | 71.13M | 39.60M | 56.04M |
| EBITDA | 56.32M | 56.74M | 59.93M | 54.10M | 14.37M | 17.08M |
| Net Income | 37.87M | 33.41M | 26.18M | 22.54M | 12.12M | 10.97M |
Balance Sheet | ||||||
| Total Assets | 473.34M | 481.75M | 708.13M | 742.79M | 812.76M | 815.87M |
| Cash, Cash Equivalents and Short-Term Investments | 33.20M | 148.78M | 196.50M | 192.37M | 309.01M | 308.63M |
| Total Debt | 62.34M | 54.05M | 295.29M | 340.74M | 419.72M | 453.40M |
| Total Liabilities | 88.55M | 101.38M | 341.12M | 380.74M | 458.20M | 479.46M |
| Stockholders Equity | 384.80M | 380.37M | 367.01M | 362.06M | 354.57M | 336.42M |
Cash Flow | ||||||
| Free Cash Flow | -49.46M | 15.83M | 72.06M | -23.36M | 38.52M | 6.51M |
| Operating Cash Flow | -44.94M | 21.48M | 72.39M | -22.89M | 38.85M | 6.57M |
| Investing Cash Flow | -4.52M | -17.11M | -333.00K | -467.00K | 9.47M | 11.61M |
| Financing Cash Flow | -22.45M | -49.96M | -70.05M | -93.28M | 260.69M | -30.61M |
Qualitas Limited Technical Analysis
Neutral
3.06
Price Trends
2.74
Positive
2.72
Positive
3.13
Negative
Market Momentum
0.08
Negative
51.26
Neutral
50.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QAL, the sentiment is Neutral. The current price of 3.06 is above the 20-day moving average (MA) of 2.86, above the 50-day MA of 2.74, and below the 200-day MA of 3.13, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 50.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:QAL.
Qualitas Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$584.47M | 7.89 | 14.27% | 3.32% | 13.87% | 36.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | AU$871.12M | 23.10 | 9.90% | 2.65% | 11.84% | 26.57% | |
59 Neutral | AU$1.71B | 13.64 | 7.96% | 6.26% | 6.65% | 61.37% | |
57 Neutral | AU$840.04M | 42.46 | 0.74% | 7.11% | 4.64% | ― | |
54 Neutral | AU$1.10B | 10.20 | 7.18% | 6.12% | 22.59% | ― | |
53 Neutral | AU$528.64M | 8.64 | 6.22% | 8.63% | 3.61% | ― |
* Financial Sector Average
AU:QAL
Qualitas Limited
2.89
-0.43
-12.98%
AU:COF
Centuria Office REIT
0.89
-0.16
-15.07%
AU:CMW
Cromwell Property Group
0.42
0.09
28.44%
AU:CWP
Cedar Woods Properties Limited
6.87
-0.11
-1.56%
AU:CNI
Centuria Capital Group
1.90
0.21
12.33%
AU:ABG
Abacus Property Group
0.94
-0.13
-12.40%
Qualitas Limited Corporate Events
Qualitas director Bruce MacDiarmid lifts personal shareholding
Jul 1, 2026
Qualitas director Bruce Ian MacDiarmid has increased his personal stake in the company through an on-market purchase of 32,363 fully paid ordinary shares. The transaction was executed at an average price of about $3.05 per share, reflecting a dire...
Qualitas Director Andrew Schwartz Increases Stake in Real Estate Income Fund
Jun 30, 2026
Qualitas Limited has disclosed a change in director Andrew Schwartz’s relevant interests, detailing a modest increase in his holdings of units in the Qualitas Real Estate Income Fund. The transaction was executed as an on-market trade, with ...
Qualitas lifts Australian funds management margin target on AI-driven efficiencies
Jun 25, 2026
Qualitas has upgraded its long-term funds management EBITDA margin target for its Australian segment from above 50% to more than 60%. The company attributes the higher profitability goal to expected operational efficiencies, including scale benefi...
Qualitas to Brief Investors on Strategic AI Initiatives
Jun 24, 2026
Qualitas Limited has scheduled an investor briefing to update the market on its artificial intelligence initiatives, to be held via webcast on Friday, 26 June 2026 at 9:00am AEST. Senior leadership, including the Group Managing Director, Chief Fin...
Qualitas Director Boosts Holding in Real Estate Income Fund
Jun 22, 2026
Qualitas Limited has disclosed a change in director Andrew Schwartz’s interests, detailing an increase in his indirect holding of units in the Qualitas Real Estate Income Fund. The additional 571,674 QRI units were acquired on-market via Dav...
Qualitas Showcases $10.9bn Real Estate Platform at Macquarie Conference
May 4, 2026
Qualitas Limited has released the presentation it is delivering at the 2026 Macquarie Australia Conference, highlighting its position as a specialist alternative investment manager. The disclosure underscores the company’s role in matching g...
Qualitas director trims indirect stake in real estate income fund
Apr 29, 2026
Qualitas director Andrew Fairley has reported changes to his relevant interests in securities tied to the group, including units in the Qualitas Real Estate Income Fund held via associated entities. The disclosure, made under ASX listing rules and...
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.