WAM Research Ltd. (AU:WAX)
ASX:WAX
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WAX Stock Chart & Stats
AU$1.21
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$1.21
AU$0.00(0.00%)
Day’s Range― - ―
52-Week RangeAU$1.07 - AU$1.36
Previous CloseN/A
Volume25.16K
Average Volume (3M)224.73K
Market Cap
N/A
Enterprise ValueAU$209.28M
Total Cash (Recent Filing)AU$233.81M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta0.35
Next Earnings
Aug 26, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield8.23%
Share Statistics
EPS (TTM)0.14
Shares Outstanding208,455,300
10 Day Avg. Volume316,692
30 Day Avg. Volume224,728
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)1.01
Price to Sales (P/S)4.93
P/FCF Ratio14.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetA zero-debt balance sheet provides durable financial flexibility for an LIC: it reduces solvency risk, preserves capacity to weather market drawdowns, and enables management to sustain distributions or opportunistically increase equity exposures without needing external financing.
Very High Recent ProfitabilityExceptionally high FY2025 margins indicate the business can convert market gains into retained earnings and distributable income efficiently. Over the medium term this supports dividend capacity and reinvestment in the portfolio, strengthening the LIC's ability to deliver shareholder returns.
Improving Cash GenerationTwo consecutive years of positive operating and free cash flow point to improving cash conversion that supports sustainable dividend payments and lowers the need to crystallise gains. This enhances the firm's financial resilience and ability to manage portfolio liquidity.
Bears Say
Revenue Cyclicality And VolatilityMaterial revenue swings reduce predictability of management fees and realised gains for an LIC. Over a multi‑month horizon, cyclical revenue undermines forecasting, complicates dividend planning and may force tactical asset sales in weak markets, pressuring long-term returns.
Inconsistent Cash Conversion HistoricallyIntermittent negative operating cash flow shows cash conversion depends on timing and market realisations. This inconsistency can strain distributions or require defensive portfolio adjustments during downturns, reducing the durability of income for investors over cycles.
Earnings And ROE Volatility; Past Loss YearsPrior loss years and markedly variable ROE reflect acute sensitivity to market cycles for a single‑strategy LIC focused on Australian equities. Such structural performance volatility increases long‑term uncertainty for investors relying on steady capital growth or dependable dividends.
WAM Research Ltd. News
WAX FAQ
What was WAM Research Ltd.’s price range in the past 12 months?
WAM Research Ltd. lowest share price was AU$1.06 and its highest was AU$1.36 in the past 12 months.
What is WAM Research Ltd.’s market cap?
Currently, no data Available
When is WAM Research Ltd.’s upcoming earnings report date?
WAM Research Ltd.’s upcoming earnings report date is Aug 26, 2026 which is in 88 days.
How were WAM Research Ltd.’s earnings last quarter?
Currently, no data Available
Is WAM Research Ltd. overvalued?
According to Wall Street analysts WAM Research Ltd.’s price is currently Overvalued.
Does WAM Research Ltd. pay dividends?
WAM Research Ltd. pays a Semiannually dividend of AU$0.05 which represents an annual dividend yield of 8.23%. See more information on WAM Research Ltd. dividends here
What is WAM Research Ltd.’s EPS estimate?
WAM Research Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does WAM Research Ltd. have?
WAM Research Ltd. has 208,455,300 shares outstanding.
What happened to WAM Research Ltd.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of WAM Research Ltd.?
Currently, no hedge funds are holding shares in AU:WAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
WAM Research Ltd. Stock Smart Score
Neutral
1
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8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.15%
12-Months-Change
Fundamentals
Return on Equity
-0.49%
Trailing 12-Months
Asset Growth
-13.00%
Trailing 12-Months
Company Description
WAM Research Ltd.
WAM Research Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. The fund invests in value and growth stocks of small to medium-cap companies. It benchmarks the performance of its portfolio against the S&P/ASX All Ordinaries Accumulation Index. The fund conducts in-house research to make its investments. It was formerly known as Wilson Investment Fund Limited. WAM Research Limited was formed on May 10, 2002 and is domiciled in Australia.
Technical Analysis
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