VGI Partners Ltd. (RPL) AI Stock Analysis

• Market Cap: AU$972.18M
• Dividend Yield: 5.76%
• Average Volume (3M): 1.20M
• Price to Earnings (P/E): 23.7
• Beta (1Y): 1.92
• Revenue Growth: 21.81%
• EPS Growth: -43.93%
• Country: AU
• Employees: 190
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.13
• Shares Outstanding: 356,109,600
• 10 Day Avg. Volume: 993,616
• 30 Day Avg. Volume: 1,204,533
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$3.75
• Price Target Upside: 37.36% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: AU$3.00 ▲(9.89% Upside)

VGI Partners Ltd. shows strong financial performance with robust revenue growth and a solid balance sheet, which are the most significant factors in the overall score. The technical analysis indicates some short-term weakness, while the valuation is reasonable with an attractive dividend yield. The absence of earnings call and corporate events data did not impact the score.

VGI Partners Ltd. Business Overview & Revenue Model

Company Description

Regal Partners Limited is a privately owned hedge fund sponsor. The firm invests in the public equity and hedging markets across the globe with a focus on Australia. It employs market neutral and absolute return strategies to make its investments. The firm also employs fundamental analysis along with bottom up stock picking approach to create its portfolios. Regal Partners Limited was founded in 2004 and is based in Sydney, Australia.

How the Company Makes Money

VGI Partners Ltd. generates revenue primarily through management fees and performance fees associated with its investment funds. Management fees are charged as a percentage of assets under management (AUM), providing a steady income stream regardless of fund performance. Performance fees are contingent on the investment funds exceeding predefined benchmarks or achieving high-water marks, aligning the firm's interests with those of its investors. VGI Partners may also benefit from capital gains on its own investments within its funds. The company's success is influenced by its expertise in selecting high-performing stocks, market conditions, and its ability to attract and retain clients. Significant partnerships with financial advisors and institutions enhance its distribution capabilities, further contributing to its earnings.

VGI Partners Ltd. Financial Statement Overview

Summary

VGI Partners Ltd. demonstrates strong financial health with robust revenue growth and a solid balance sheet. The company has a high gross profit margin and low debt-to-equity ratio, although there are fluctuations in net profit margin and operating cash flow.

Income Statement

VGI Partners Ltd. showcases robust revenue growth, with the most recent annual revenue significantly outpacing previous years. The gross profit margin remains high, indicating effective cost management, but net profit margin has seen some fluctuation. Notable is the absence of EBIT and EBITDA in the latest year, which could indicate operational challenges or accounting changes.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio indicating minimal leverage. Stockholders' equity has shown steady growth, and the equity ratio signifies a solid foundation with a high proportion of assets financed by equity.

Cash Flow

Free cash flow has grown consistently, reflecting the company's ability to generate cash beyond its operating needs. However, the operating cash flow has experienced fluctuations, suggesting potential volatility in core business cash generation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	253.20M	104.45M	84.18M	81.36M	56.78M
Gross Profit	223.17M	43.04M	74.06M	74.86M	53.79M
EBITDA	119.83M	25.64M	25.02M	87.74M	40.16M
Net Income	66.24M	1.60M	11.62M	42.71M	25.92M
Balance Sheet
Total Assets	949.22M	689.25M	486.62M	146.24M	152.29M
Cash, Cash Equivalents and Short-Term Investments	95.22M	211.72M	169.42M	39.57M	41.73M
Total Debt	7.95M	46.05M	4.51M	953.00K	1.27M
Total Liabilities	95.21M	110.48M	50.68M	11.68M	19.65M
Stockholders Equity	850.42M	575.57M	432.13M	134.56M	132.64M
Cash Flow
Free Cash Flow	51.44M	15.19M	28.64M	45.78M	28.74M
Operating Cash Flow	61.26M	16.12M	31.49M	46.01M	28.86M
Investing Cash Flow	61.59M	-53.57M	-53.86M	-26.53M	-5.75M
Financing Cash Flow	-90.77M	10.63M	45.55M	-41.71M	-10.40M

VGI Partners Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.73
• 50DMA: Negative
• 100DMA: Positive
• 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:RPL, the sentiment is Negative. The current price of 2.73 is below the 20-day moving average (MA) of 2.75, below the 50-day MA of 2.79, and below the 200-day MA of 2.77, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 60.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RPL.

VGI Partners Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FID	76 Outperform	405.96M	21.58	0.00%	3.62%	10.61%	23.34%
RPL	75 Outperform	AU$972.18M	23.68	5.73%	5.76%	21.81%	-43.93%
PTM	66 Neutral	424.87M	63.84	0.00%	34.46%	-26.58%	-86.02%
AEF	65 Neutral	798.48M	39.38	0.00%	1.99%	18.80%	74.51%
EQT	59 Neutral	719.75M	22.79	8.23%	4.13%	4.26%	79.41%
MAF	50 Neutral	1.72B	42.07	10.01%	2.17%	35.30%	44.24%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

VGI Partners Ltd. Corporate Events

Regal Partners Limited Updates Dividend Distribution Plan

Regal Partners Limited has announced an update regarding its dividend distribution, confirming the Dividend Reinvestment Plan (DRP) price. The company, which acquired PM Capital Limited in December 2023, will ensure that converting redeemable preference shares issued during this acquisition will rank equally with ordinary shares concerning dividends. These dividends will be paid in cash on deferred converting shares, while dividends on contingent converting shares will be reinvested to acquire additional shares under the DRP. This announcement highlights Regal Partners Limited’s commitment to maintaining equitable shareholder treatment and potentially enhances shareholder value through reinvestment opportunities.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Limited Updates Director’s Interest Notice

Regal Partners Limited announced a change in the director’s interest notice concerning Brendan O’Connor. The change involves the acquisition of 177,064 ordinary shares and 250,155 performance share rights by O’Connor, reflecting adjustments in his direct and indirect interests in the company. This update highlights the director’s increased stake in the company, potentially signaling confidence in the company’s future prospects and aligning the director’s interests with those of the shareholders.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Limited Issues Unquoted Securities

Regal Partners Limited has announced the issuance of 5,281,048 unquoted securities under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted, potentially impacting employee retention and company operations.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Limited to Quote New Securities on ASX

Regal Partners Limited has announced the issuance of 2,819,905 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code RPL. This move is part of the company’s strategy to enhance its market presence and provide more liquidity to its shareholders, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Director Increases Shareholding

Regal Partners Limited has announced a change in the director’s interest, specifically regarding Brendan O’Connor’s holdings. The update reveals that O’Connor has acquired an additional 1,000,500 ordinary shares at no cost, reflecting a significant increase in his direct and indirect interests in the company. This change could potentially impact the company’s governance and shareholder dynamics, as O’Connor’s increased stake may influence future strategic decisions.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Issues New Equity Securities

Regal Partners Limited has announced the issuance and conversion of unquoted equity securities, specifically 2,839,078 ordinary fully paid securities as of August 25, 2025. This move reflects the company’s ongoing financial maneuvers to manage its equity structure, potentially impacting its market position and shareholder value.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Issues Shares Following Performance Rights Vesting

Regal Partners Limited announced the vesting and conversion of 17,260,560 performance share rights under its Employee Incentive Plan, resulting in the issuance of 14,421,482 fully paid ordinary shares. This move reflects Regal’s compliance with relevant sections of the Corporations Act and indicates a strategic step to enhance employee engagement and align interests with the company’s long-term goals. The announcement underscores Regal’s commitment to maintaining transparency and regulatory adherence, potentially strengthening its market position and stakeholder confidence.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Limited Announces New Securities Issuance

Regal Partners Limited has announced a new issuance of securities, with 14,421,482 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) on August 26, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional liquidity for its stakeholders, potentially impacting its operational dynamics and market positioning.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.