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Washington H. Soul Pattinson and Co. Ltd. (AU:SOL)
ASX:SOL
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Washington H. Soul Pattinson and Co. (SOL) AI Stock Analysis

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AU:SOL

Washington H. Soul Pattinson and Co.

(Sydney:SOL)

Rating:66Neutral
Price Target:
AU$46.00
â–²(13.50%Upside)
Washington H. Soul Pattinson and Co. Ltd. exhibits solid technical momentum, but potential overvaluation and financial inconsistencies pose risks. Strong equity and improved profitability are positive, but focus on stabilizing operations is essential.

Washington H. Soul Pattinson and Co. (SOL) vs. iShares MSCI Australia ETF (EWA)

Washington H. Soul Pattinson and Co. Business Overview & Revenue Model

Company DescriptionWashington H. Soul Pattinson and Co. (SOL) is a diversified investment house listed on the Australian Securities Exchange. Established in 1872, the company operates across various sectors including telecommunications, resources, building materials, energy, and financial services. SOL is known for its strategic long-term investments and has a broad portfolio that includes major stakes in publicly listed companies.
How the Company Makes MoneyWashington H. Soul Pattinson and Co. makes money primarily through dividends and capital appreciation from its diverse portfolio of investments. The company holds significant equity stakes in businesses across multiple industries, which provide regular dividend income. Additionally, SOL benefits from the appreciation of its investments over time, which contributes to its overall financial performance. The company also engages in strategic acquisitions and partnerships to enhance its portfolio value and generate additional revenue streams.

Washington H. Soul Pattinson and Co. Financial Statement Overview

Summary
The company's financial performance is mixed. Strong equity and improved profitability are positive, but revenue and cash flow inconsistencies present challenges. Stabilizing revenue and enhancing cash flow efficiency are key for future growth.
Income Statement
65
Positive
The company has shown a volatile revenue trend with significant fluctuations over the years. The most recent year saw a substantial increase in revenue, but prior years indicated a declining trend. Gross profit margin and net profit margin have improved in the latest period, signaling better cost management and profitability. However, historical instability in EBIT and net income indicates potential risks.
Balance Sheet
72
Positive
The balance sheet reflects a strong equity position with a high equity ratio. The debt-to-equity ratio is relatively low, indicating conservative leverage. However, the return on equity has shown variability, with recent improvements suggesting enhanced profitability. The company's asset growth supports long-term stability.
Cash Flow
60
Neutral
Operating cash flow has been inconsistent, with a notable decline in the most recent year. Free cash flow has also decreased, indicating potential challenges in generating cash from operations. While the company maintains positive operating cash flow, recent trends suggest a need for improved cash management.
BreakdownSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income Statement
Total Revenue1.15B362.90M2.56B1.42B1.32B
Gross Profit186.50M126.87M1.53B535.38M294.76M
EBITDA568.40M237.82M1.45B471.69M-127.01M
Net Income498.80M690.72M-12.94M273.20M952.97M
Balance Sheet
Total Assets10.40B9.80B9.71B7.64B7.34B
Cash, Cash Equivalents and Short-Term Investments743.50M1.33B1.08B1.01B612.18M
Total Debt765.90M436.94M547.90M1.17B945.00M
Total Liabilities1.40B1.06B1.25B2.48B2.22B
Stockholders Equity8.99B8.72B8.45B4.09B4.24B
Cash Flow
Free Cash Flow255.70M596.24M1.01B333.16M118.70M
Operating Cash Flow429.30M773.54M1.19B514.72M341.77M
Investing Cash Flow-301.80M-454.80M-485.72M-413.71M-302.94M
Financing Cash Flow-178.20M-513.51M-814.52M162.93M178.36M

Washington H. Soul Pattinson and Co. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price40.53
Price Trends
50DMA
40.46
Positive
100DMA
37.76
Positive
200DMA
35.76
Positive
Market Momentum
MACD
-0.05
Positive
RSI
44.96
Neutral
STOCH
20.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SOL, the sentiment is Positive. The current price of 40.53 is below the 20-day moving average (MA) of 41.50, above the 50-day MA of 40.46, and above the 200-day MA of 35.76, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 44.96 is Neutral, neither overbought nor oversold. The STOCH value of 20.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SOL.

Washington H. Soul Pattinson and Co. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
AU$8.36B6.8613.93%8.21%-12.04%-32.97%
75
Outperform
$3.64B6.4722.35%9.62%-1.17%-14.64%
70
Neutral
AU$2.06B7.1110.52%7.57%-13.91%-58.85%
68
Neutral
$17.09B11.269.71%3.70%11.16%-4.08%
66
Neutral
$14.80B25.995.85%2.44%36.14%-3.50%
62
Neutral
$5.50B31.873.39%3.30%47.28%-84.83%
58
Neutral
AU$343.67M―-16.23%7.95%-17.57%-1132.91%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SOL
Washington H. Soul Pattinson and Co.
40.53
6.41
18.79%
AU:WHC
Whitehaven Coal Limited
6.66
-0.70
-9.51%
AU:YAL
Yancoal Australia
6.30
0.03
0.48%
AU:NHC
New Hope Corporation Limited
4.26
-0.03
-0.77%
AU:SMR
Stanmore Resources Ltd
2.29
-1.10
-32.45%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.20
-1.13
-84.96%

Washington H. Soul Pattinson and Co. Corporate Events

Soul Patts Increases Stake in Perpetual Limited
Jul 22, 2025

Washington H. Soul Pattinson and Company Limited, a substantial holder in Perpetual Limited, has increased its voting power from 5.36% to 6.49% by acquiring additional ordinary shares. This change, combined with an existing economic interest through cash-settled equity swaps, brings Soul Patts’ aggregate economic interest in Perpetual to 9.59%. This move could potentially strengthen Soul Patts’ influence within Perpetual Limited, impacting its strategic decisions and stakeholder engagements.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Increases Stake in Pengana Capital Group
Jul 15, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) has announced a change in its substantial holding in Pengana Capital Group Limited (PCG), increasing its voting power from 16.52% to 18.19%. This change signifies Soul Patts’ strategic interest in PCG, reflecting its ongoing investment approach and potentially impacting its influence within the company, which could have implications for stakeholders and the market.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Appoints Vik Bansal as Non-Executive Director
Jul 10, 2025

Washington H. Soul Pattinson and Company Limited has announced the appointment of Mr. Vik Bansal as a non-executive director, effective August 15, 2025. Mr. Bansal brings over 30 years of experience in leading large-scale, publicly listed companies in the industrial sector, with expertise in operations, strategy, and business transformation. His appointment is expected to enhance the company’s strategic direction and growth, as highlighted by Chairman Rob Millner, who emphasized Mr. Bansal’s deep understanding of industrial markets and global leadership experience.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$43.15 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Topco Merger Fully Funded, Securing $1.4 Billion in Commitments
Jul 7, 2025

Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced that Topco, the new entity formed from their merger, is fully funded with commitments totaling approximately $1.4 billion. This funding will cover Brickworks’ outstanding debt, other liabilities, and transaction costs, marking a significant milestone in the merger process. The successful capitalization reflects strong investor support and positions the merged entity for strategic growth with a simplified balance sheet.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Acquires Substantial Stake in AMA Group
Jul 4, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) has become a substantial holder in AMA Group Limited, acquiring a 4.48% voting power through 214,040,206 ordinary shares. Alongside Pengana Capital Group Limited, which holds a 0.71% voting power, the total voting power amounts to 5.19%. This acquisition marks a significant investment move by Soul Patts, potentially influencing AMA Group’s strategic direction and shareholder dynamics.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Reduces Stake in EQT Holdings
Jul 2, 2025

Washington H. Soul Pattinson and Company Limited announced that it has ceased to be a substantial holder in EQT Holdings Limited as of June 27, 2025. This change is due to the sale of shares by Pengana Capital Group Limited, in which Soul Patts holds more than 20% voting power, leading to a reduction in its indirect interest in EQT. Despite this change, Soul Patts’ direct interest in EQT remains unchanged. This development may impact Soul Patts’ strategic positioning and influence within EQT Holdings, potentially affecting stakeholders’ perceptions and future investment strategies.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Completes $450 Million Convertible Notes Repurchase
Jul 1, 2025

Washington H. Soul Pattinson and Company Limited has announced the successful completion of a reverse bookbuilding process to repurchase approximately 97% of its $450 million Senior Unsecured Convertible Notes due 2030. The repurchase will occur in two tranches, with the first tranche settled on July 4, 2025, and the second tranche’s price determined by the closing price of Soul Patts’ ordinary shares post-shareholder approval. This move is expected to leave less than 15% of the notes outstanding, allowing Soul Patts to potentially redeem all remaining notes, thereby optimizing its capital structure and enhancing shareholder value.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts and Brickworks Announce Strategic Share Placement and Note Repurchase
Jul 1, 2025

Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced a strategic move involving a conditional forward share purchase transaction with UBS AG, referencing 14 million Topco shares, and a concurrent repurchase of up to 100% of outstanding $450 million Senior Unsecured Convertible Notes due 2030. This initiative is part of their proposed merger to create a newly capitalized ASX-listed company, aiming to strengthen their market position and enhance shareholder value through improved capital structure and potential growth opportunities.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Announces Cessation of Performance Rights
Jun 24, 2025

Washington H. Soul Pattinson & Company Limited announced the cessation of 360 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure but reflects the company’s adherence to performance-based incentives and shareholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Ceases Substantial Holding in AMA Group
Jun 20, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) has announced that it ceased to be a substantial holder in AMA Group Limited as of June 19, 2025. This change in holding could impact Soul Patts’ influence over AMA Group’s voting decisions and may affect stakeholders’ perceptions of both companies’ strategic directions.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Increases Stake in Pengana Capital Group
Jun 18, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) has announced a change in its substantial holding interests, now holding more than 20% voting power in Pengana Capital Group Limited (PCG). This increase in voting power from 11.97% to 16.52% signifies a strategic move by Soul Patts to strengthen its influence in PCG, potentially impacting its operations and market positioning. This development may have implications for stakeholders, as it reflects Soul Patts’ ongoing strategy to enhance its investment portfolio and influence within the financial sector.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Ceases Substantial Holding in Enlitic Inc.
Jun 16, 2025

Washington H. Soul Pattinson and Company Limited has announced that it has ceased to be a substantial holder in Enlitic Inc. This change is due to a technical interest related to holding more than 20% voting power in Pengana Capital Group Limited, which has resulted in a change in Enlitic’s shares on issue. The announcement may impact the company’s operations and industry positioning, particularly in its investment strategies and stakeholder relations.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Reduces Stake in EQT Holdings
Jun 16, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) has announced a change in its substantial holding in EQT Holdings Limited. The company’s voting power has decreased from 7.21% to 5.58%, primarily due to a reduction in shares held by Pengana Capital Group Limited, in which Soul Patts holds significant voting power. This change may impact Soul Patts’ influence over EQT Holdings and reflects a strategic adjustment in its investment portfolio.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Reduces Stake in Bailador Technology Investments
Jun 12, 2025

Washington H. Soul Pattinson and Co. has reduced its voting power in Bailador Technology Investments Limited from 11.82% to 10.77%, reflecting a decrease in the number of ordinary shares held. This change in substantial holding could impact the company’s influence over Bailador Technology Investments, potentially affecting strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Announces Change in Registry Address
Jun 10, 2025

Washington H. Soul Pattinson and Company Limited has announced a change in the registry address for its Sydney office of Computershare Investor Services, effective from June 10, 2025. This change is part of the company’s operational updates and does not affect telephone numbers or postal addresses. The announcement reflects the company’s ongoing efforts to maintain efficient operations and could have implications for stakeholders involved in administrative and investor relations.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Ceases Substantial Holding in Propel Funeral Partners
Jun 5, 2025

Washington H. Soul Pattinson and Company Limited has announced that it has ceased to be a substantial holder in Propel Funeral Partners Limited as of May 30, 2025. This change was due to the sale of shares by Pengana Capital Group Limited, in which Soul Patts holds more than 20% voting power, impacting the company’s relevant interests in Propel Funeral Partners.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$43.15 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Announces Merger with Brickworks, Impacting Convertible Notes
Jun 4, 2025

Washington H. Soul Pattinson and Company Limited announced a binding Combination Deed for a merger with Brickworks Limited, aiming to form a newly capitalized ASX-listed company. This proposed merger, if implemented, would result in a change of control and delisting of ordinary shares, impacting holders of the company’s $450 million Senior Unsecured Convertible Notes. The merger is subject to court and shareholder approvals expected in the second half of 2025, which could significantly alter the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Adjusts Substantial Holdings in PCG and PFP
Jun 2, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) announced a change in its substantial holding interests, specifically in Pengana Capital Group Limited (PCG) and Propel Funeral Partners Limited (PFP). The announcement highlights a technical interest due to Soul Patts holding more than 20% voting power in PCG. This change reflects a slight increase in voting power in PFP and a decrease in PCG, indicating strategic adjustments in their investment portfolio, which could impact their market positioning and stakeholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Increases Stake in Propel Funeral Partners
May 29, 2025

Washington H. Soul Pattinson and Company Limited has increased its voting power in Propel Funeral Partners Limited from 2.78% to 3.82%, reflecting a strategic move to strengthen its position in the company. This change signifies an increased influence in Propel Funeral Partners, potentially impacting the company’s future decisions and strategies, and indicating Soul Patts’ confidence in the funeral services sector.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Director’s Shareholding Update
May 15, 2025

Washington H. Soul Pattinson and Company Limited announced a change in the director’s interest, specifically for Bruce Ian MacDiarmid. The change involved the acquisition of 69 ordinary shares through the company’s Dividend Reinvestment Plan, increasing his total holdings to 5,914 shares. This update reflects the company’s ongoing commitment to shareholder engagement and the strategic use of dividend reinvestment to bolster director and shareholder alignment.

The most recent analyst rating on (AU:SOL) stock is a Buy with a A$36.20 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Director Increases Stake via Dividend Reinvestment
May 15, 2025

Washington H. Soul Pattinson and Company Limited announced a change in the director’s interest, with Robert Dobson Millner acquiring additional shares through the company’s Dividend Reinvestment Plan. This acquisition reflects a continued commitment to the company, potentially signaling confidence in its future performance. The transaction involved the acquisition of 5,395 ordinary shares, valued at $199,722.90, increasing Millner’s indirect holdings to 23,590,087 shares.

The most recent analyst rating on (AU:SOL) stock is a Buy with a A$36.20 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Announces Quotation of New Securities
May 14, 2025

Washington H. Soul Pattinson & Company Limited has announced the quotation of 119,564 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code SOL, effective May 14, 2025. This move is part of a dividend or distribution plan, potentially enhancing the company’s liquidity and providing shareholders with additional value, reflecting its ongoing commitment to strategic growth and market presence.

The most recent analyst rating on (AU:SOL) stock is a Buy with a A$36.20 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Soul Patts Announces Change in Substantial Holding Interests
May 14, 2025

Washington H. Soul Pattinson and Company Limited (Soul Patts) announced a change in their substantial holding interests in Pengana Capital Group Limited (PCG), with a current voting power of more than 20% in PCG. This change reflects Soul Patts’ strategic investment approach and could impact their influence within PCG, potentially affecting stakeholders and market dynamics.

The most recent analyst rating on (AU:SOL) stock is a Buy with a A$36.20 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

Washington H. Soul Pattinson Updates Dividend Distribution
May 8, 2025

Washington H. Soul Pattinson & Company Limited announced an update regarding its dividend distribution for the period ending January 31, 2025. The update involves a change in the Dividend Reinvestment Plan (DRP) price, reflecting the company’s ongoing commitment to providing value to its shareholders. This announcement may impact investor decisions and reflects the company’s strategic financial management.

Soul Patts Increases Stake in AMA Group
May 6, 2025

Washington H. Soul Pattinson and Company Limited has increased its voting power in AMA Group Limited from 5.27% to 6.02%, reflecting a strategic move to strengthen its influence within the company. Additionally, through its association with Pengana Capital Group Limited, Soul Patts has acquired a 0.42% voting power, bringing its total voting power in AMA Group to 6.44%. This change in substantial holding indicates a potential shift in the company’s investment strategy and could impact its market positioning and stakeholder relations.

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.Date of analysis: Jun 03, 2025