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WAM Capital Ltd.
(Sydney:WAM)
WAM Capital Ltd. (WAM) vs. iShares MSCI Australia ETF (EWA)
WAM Capital Ltd. Business Overview & Revenue Model
WAM Capital Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 313.28M | 323.93M | 343.38M | 250.76M | -406.90M | 357.87M |
| Gross Profit | 313.28M | 323.93M | 337.50M | 250.76M | -406.90M | 357.87M |
| EBITDA | 0.00 | 304.03M | 319.37M | 233.18M | -425.94M | 343.34M |
| Net Income | 219.63M | 219.63M | 229.23M | 173.30M | -293.70M | 266.62M |
Balance Sheet | ||||||
| Total Assets | 2.03B | 2.03B | 1.93B | 1.78B | 1.77B | 1.82B |
| Cash, Cash Equivalents and Short-Term Investments | 209.62M | 209.62M | 1.72B | 160.81M | 250.09M | 191.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 153.43M | 153.43M | 122.47M | 48.07M | 59.50M | 121.29M |
| Stockholders Equity | 1.88B | 1.88B | 1.81B | 1.73B | 1.71B | 1.70B |
Cash Flow | ||||||
| Free Cash Flow | 109.34M | 109.34M | 229.74M | 51.54M | 214.66M | 56.64M |
| Operating Cash Flow | 109.34M | 109.34M | 229.74M | 51.54M | 214.66M | 56.64M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -153.38M | -153.38M | -151.63M | -148.03M | -134.10M | -110.42M |
WAM Capital Ltd. Technical Analysis
WAM Capital Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ― | 9.35 | 11.92% | 8.71% | -6.60% | -5.26% | |
72 Outperform | AU$79.70M | 11.17 | 32.22% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$64.74M | 21.33 | 3.57% | 6.89% | 30.36% | -31.47% | |
55 Neutral | AU$26.98M | 53.13 | 2.17% | 2.94% | 38.32% | ― | |
53 Neutral | AU$31.35M | 56.62 | 2.42% | 2.03% | 18.17% | ― |
WAM Capital Ltd. Corporate Events
WAM Capital reported a pre-tax net tangible asset backing of 150.13 cents per share at 31 December 2025, or 149.07 cents after tax, reflecting a $12 million tax payment during the month and a net current and deferred tax asset position of 11.96 cents per share. The company highlighted an FY25 full-year dividend of 15.5 cents per share, 60% franked, equating to an 8.6% dividend yield and 10.8% grossed-up yield based on the year-end share price, underpinned by a profits reserve of 21.1 cents per share and cumulative dividends of 331.5 cents per share since inception. WAM Capital noted that its portfolio performance since inception in 1999 has returned 15.3% per annum versus 8.6% for the S&P/ASX All Ordinaries Accumulation Index, although the portfolio declined in December, with Maas Group Holdings contributing positively after securing a major electrical infrastructure contract in the AI-focused digital infrastructure market, while Tasmea detracted despite completing an earnings-accretive acquisition of WorkPac Group, which WAM believes positions it well for labour demand linked to the Brisbane Olympics and a supportive commodities backdrop.
The most recent analyst rating on (AU:WAM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WAM Capital Ltd. stock, see the AU:WAM Stock Forecast page.
Wilson Asset Management Group has lodged a notice that it has ceased to be a substantial shareholder in Paragon Care Limited as of 12 June 2025, indicating its holding has fallen below the statutory substantial shareholding threshold. The change in relevant interest may alter Paragon Care’s share register dynamics and could signal a shift in institutional investor support, with potential implications for trading liquidity and future engagement with major shareholders.
Gentrack Group Limited (ASX: GTK) is the company identified in the release; the document does not provide details on the firm’s industry, products or market focus. Wilson Asset Management Group has notified Gentrack that it ceased to be a substantial holder on 3 September 2025, and the notice records changes in relevant interests and associations with subsequent execution in December 2025. The change reduces Wilson’s disclosed voting stake in the company; while it is unlikely to affect day-to-day operations, it alters the shareholder register and could influence voting dynamics, investor sentiment and governance considerations for other stakeholders.
In November 2025, WAM Capital Limited’s investment portfolio experienced a decline, influenced by the performance of its holdings. Gentrack Group, a utility and airport enterprise software provider, contributed positively to the portfolio with significant revenue and profit growth, while Corporate Travel Management faced challenges due to financial misstatements, leading to a substantial write-down of WAM’s investment in the company. These developments highlight the dynamic nature of the investment landscape and underscore the importance of robust financial governance.
WAM Capital Limited held its 2025 Annual General Meeting, where shareholders voted on various resolutions. The outcomes of these votes, in compliance with ASX and Corporations Act requirements, were detailed in the meeting report. This event is part of WAM Capital’s ongoing efforts to engage with stakeholders and maintain transparency in its operations, which may influence its market positioning and investor relations.
WAM Capital Limited announced a final dividend of 7.75 cents per share, partially franked at 60%, paid on 31 October 2025. The company’s investment portfolio outperformed the S&P/ASX All Ordinaries Accumulation Index, driven by strong performances from SRG Global and Eagers Automotive. SRG Global’s acquisition of Total AMS and Eagers Automotive’s expansion into North America were key contributors to this success, highlighting strategic growth and market expansion efforts.
WAM Capital Ltd. has announced the quotation of 5,738,490 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 31, 2025. This move, part of a dividend or distribution plan, is expected to enhance the company’s market presence and provide additional value to its stakeholders by increasing the liquidity of its shares.
WAM Capital Ltd. has updated its previous announcement regarding the dividend distribution for the period ending June 30, 2025. The update specifically addresses the Dividend Reinvestment Plan (DRP) price, which is relevant for stakeholders participating in the DRP. This announcement impacts the company’s financial operations by providing clarity on the dividend distribution terms, which could influence investor decisions and market perceptions.
WAM Capital Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 19, 2025, at the Museum of Sydney, with online access available. The meeting will cover the financial statements, Directors’ and Auditor’s Reports for the fiscal year ending June 30, 2025. Key resolutions include the adoption of the Remuneration Report and the re-election of directors Dr. Philippa Ryan and Mr. James Chirnside. These resolutions, although advisory, are crucial for maintaining transparency and governance within the company, impacting stakeholders’ confidence.