VGI Partners Ltd. (RPL) AI Stock Analysis

• Market Cap: AU$887.83M
• Dividend Yield: 7.75%
• Average Volume (3M): 791.26K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 1.77
• Revenue Growth: 142.41%
• EPS Growth: 13664.71%
• Country: AU
• Employees: 190
• Sector: Financial
• Sector Strength: 75
• Industry: Asset Management
• EPS (TTM): 0.09
• Shares Outstanding: 338,868,200
• 10 Day Avg. Volume: 714,161
• 30 Day Avg. Volume: 791,264
• PEG Ratio: 1.57
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.62
• 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$3.30
• Price Target Upside: 27.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: AU$3.00 ▲(16.28%Upside)

VGI Partners Ltd. presents a strong financial foundation with robust revenue growth and a solid balance sheet, supporting a high score. The stock's valuation is also favorable due to a low P/E ratio and attractive dividend yield. However, technical analysis indicates mixed signals with potential overbought conditions, slightly tempering the overall score.

VGI Partners Ltd. Business Overview & Revenue Model

Company Description

VGI Partners Ltd. (RPL) is a prominent Australian-based investment management firm specializing in global equities. The company is renowned for its disciplined approach to investing, focusing on high-quality businesses with sustainable competitive advantages. VGI Partners offers various investment strategies tailored to meet the diverse needs of its clients, which include institutional investors, high-net-worth individuals, and retail investors.

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, marked by a low debt-to-equity ratio and consistent free cash flow growth. However, fluctuations in operating cash flow and the absence of EBIT and EBITDA indicate areas to watch.

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: Neutral
• Last Price: 2.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RPL, the sentiment is Neutral. The current price of 2.58 is above the 20-day moving average (MA) of 2.34, above the 50-day MA of 2.27, and below the 200-day MA of 3.02, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 63.35 is Neutral, neither overbought nor oversold. The STOCH value of 84.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	80 Outperform	AU$323.57M	19.30	30.97%	4.27%	12.05%	23.63%
RPL	77 Outperform	AU$887.83M	11.68	9.29%	7.75%	142.41%	13664.71%
AEF	75 Outperform	€705.47M	50.53	47.73%	1.61%	19.11%	24.72%
PTM	70 Outperform	AU$347.36M	13.53	9.63%	9.92%	-20.84%	-67.39%
EQT	69 Neutral	AU$860.08M	50.06	4.53%	3.42%	9.40%	-27.34%
Sector *	68 Neutral	$16.73B	11.75	9.79%	3.76%	11.87%	-7.97%
MAF	50 Neutral	AU$1.38B	30.52	10.26%	3.69%	31.89%	45.79%

VGI Partners Ltd. Corporate Events

Regal Partners Limited Announces Cessation of Securities

Regal Partners Limited announced the cessation of 14,149 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s ability to meet certain conditions tied to these securities.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Projects Strong Performance Fee Revenue for 1H25

Regal Partners Limited announced an estimated performance fee revenue of at least $35 million for the first half of 2025, driven by strong contributions from its global long/short equity strategies and various funds. The announcement highlights the company’s robust performance in the alternatives investment sector, although the figures are preliminary and subject to final accounting and auditor review. Further details on funds under management and flows will be provided in an upcoming update.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

VGI Partners Ltd. Announces Change in Substantial Holding of Regal Partners Limited

VGI Partners Ltd. has announced a change in the substantial holding of voting shares in Regal Partners Limited. The New Highland Parties, acting as trustees for the King Family Trust and the Philip King Family Trust, have reduced their voting power from 17.44% to 10.07%. This change in voting power could potentially impact the influence the New Highland Parties have over company decisions and may affect stakeholder interests in Regal Partners Limited.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Expands into Hotel Real Estate with Ark Capital Partnership

Regal Partners Limited has announced a strategic partnership with Ark Capital Partners, acquiring 50% of its share capital to enhance its real estate investment capabilities in the hotel sector. This collaboration includes the acquisition of the Mayfair Hotel in Adelaide for A$75 million, marking the start of Regal’s Australian Hotel Opportunities strategy. The move is seen as a timely expansion into equity real estate, leveraging current market conditions to potentially offer strong returns for investors.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

VGI Partners Sees Increase in Substantial Holder’s Voting Power

VGI Partners Global Investments Limited has reported a change in the interests of its substantial holder, Regal Partners Limited and Regal Funds Management Pty Limited. The voting power of the substantial holder has increased from 8.81% to 9.81%, indicating a strengthening of their position within the company.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Reports Strong Growth and Strategic Acquisitions at 2025 AGM

Regal Partners Limited held its 2025 Annual General Meeting, highlighting significant growth and diversification in its investment portfolio. The company reported a 141% increase in average funds under management to $14.4 billion, driven by record net inflows and positive investment performance. Acquisitions of Merricks Capital and a 40% stake in Argyle Group have enhanced Regal’s investment capabilities and geographic exposure. Despite softer fund performance earlier in the year due to market volatility, recent portfolio recoveries and continued positive net fund flows signal a promising outlook for future growth.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.

Regal Partners Joins Morgans Sydney Emerging Leaders Conference

Regal Partners Limited announced its participation in the Morgans Sydney Emerging Leaders Conference, highlighting its commitment to engaging with investors and stakeholders. This participation underscores the company’s strategic focus on expanding its presence and influence in the alternative investment sector, potentially enhancing its market positioning and stakeholder relations.

The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.20 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 Participate in Macquarie Australia Conference

Regal Partners Limited announced its participation in the Macquarie Australia Conference, highlighting its role as a key player in the alternative investment sector. This participation underscores Regal Partners’ commitment to maintaining its industry positioning and engaging with stakeholders, potentially enhancing its market presence and influence.

Regal Partners Limited Announces 2025 AGM Details

Regal Partners Limited has announced its 2025 Annual General Meeting (AGM), scheduled for May 29, 2025, at PwC Sydney. The meeting will be accessible both in-person and online, allowing shareholders and proxyholders to participate, vote, and ask questions in real-time. The company has provided detailed instructions for participation and proxy voting, emphasizing the importance of submitting proxy forms by May 27, 2025. This AGM is a significant event for stakeholders, offering insights into the company’s strategic direction and operational updates.