WAM Global Ltd. (AU:WGB)
ASX:WGB
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WAM Global Ltd.
(Sydney:WGB)
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Rating:74Outperform
Price Target:
AU$2.50
▲(2.04% Upside)
Action:ReiteratedDate:12/30/25
The score is driven primarily by strong financial positioning (notably zero debt and strong profitability) and attractive valuation (low P/E and high dividend yield). These positives are tempered by less convincing technical momentum and the key fundamental risk of earnings and cash-flow volatility, which reduces confidence in consistency.
Positive Factors
Conservative balance sheet
Zero reported debt and a large equity base give WAM Global durable financial resilience. Low leverage reduces solvency risk, preserves capital allocation flexibility for opportunistic purchases or distributions, and cushions the fund against market drawdowns over multiple cycles.
Negative Factors
Earnings cycle volatility
Material swings including a loss year reduce predictability of returns and dividends for a listed investment company. Earnings driven by market valuations amplify sensitivity to macro cycles, making multi-month income visibility weak and complicating long-term planning for conservative income investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and a large equity base give WAM Global durable financial resilience. Low leverage reduces solvency risk, preserves capital allocation flexibility for opportunistic purchases or distributions, and cushions the fund against market drawdowns over multiple cycles.
Read all positive factors
WAM Global Ltd. (WGB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield9.39%
Average Volume (3M)313.33K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth34.82%
EPS Growth39.08%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)N/A
Shares Outstanding358,612,000
10 Day Avg. Volume250,167
30 Day Avg. Volume313,327
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.99
Price to Sales (P/S)5.52
P/FCF Ratio18.66
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
WAM Global Ltd. Business Overview & Revenue Model
Company Description
WAM Global Limited is a listed investment company launched and managed by Wilson Asset Management (International) Pty Limited. The firm invests in the public equity markets across the globe. It primarily invests in value stocks of companies. WAM G...
How the Company Makes Money
WAM Global Ltd. makes money primarily from investment returns generated by its portfolio of global listed equities. Its earnings are driven by (1) dividends and other distributions received from investee companies and (2) realised and unrealised g...
WAM Global Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 119.50M | 161.10M | 118.73M | 129.85M | -155.60M | 144.59M |
| Gross Profit | 108.33M | 160.11M | 107.56M | 119.67M | -166.59M | 136.89M |
| EBITDA | 107.31M | 147.62M | 107.31M | 119.68M | -166.58M | 136.99M |
| Net Income | 401.31M | 103.34M | 73.94M | 84.76M | -116.68M | 95.93M |
Balance Sheet | ||||||
| Total Assets | 869.99M | 956.94M | 869.99M | 829.63M | 766.46M | 653.57M |
| Cash, Cash Equivalents and Short-Term Investments | 853.20M | 60.32M | 853.20M | 806.77M | 728.51M | 31.55M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 40.34M | 57.05M | 40.34M | 11.30M | 1.11M | 38.39M |
| Stockholders Equity | 829.66M | 899.90M | 829.66M | 814.56M | 765.35M | 615.17M |
Cash Flow | ||||||
| Free Cash Flow | 48.12M | 47.61M | 48.12M | 16.28M | -116.68M | -47.27M |
| Operating Cash Flow | 48.12M | 47.61M | 48.12M | 16.28M | -116.68M | -47.27M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 139.61M | 0.00 |
| Financing Cash Flow | -37.52M | -40.13M | -37.52M | -35.54M | -3.18M | 41.95M |
WAM Global Ltd. Technical Analysis
Neutral
2.45
Price Trends
2.30
Negative
2.37
Negative
2.41
Negative
Market Momentum
-0.04
Negative
47.20
Neutral
63.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGB, the sentiment is Neutral. The current price of 2.45 is above the 20-day moving average (MA) of 2.18, above the 50-day MA of 2.30, and above the 200-day MA of 2.41, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 47.20 is Neutral, neither overbought nor oversold. The STOCH value of 63.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WGB.
WAM Global Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ― | 21.13 | 5.08% | 8.71% | -6.60% | -5.26% | |
74 Outperform | ― | -19.86 | 1.95% | 9.39% | 34.82% | 39.08% | |
72 Outperform | ― | 4.04 | 8.23% | 6.06% | -51.66% | -47.96% | |
71 Outperform | ― | 4.54 | 6.97% | 7.23% | 131.29% | 164.41% | |
69 Neutral | ― | 3.63 | 10.42% | 6.58% | 20.90% | 2.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | ― | 7.67 | 3.55% | 5.70% | 1.20% | -1.85% |
* Financial Sector Average
AU:WGB
WAM Global Ltd.
2.19
0.15
7.35%
AU:WAM
WAM Capital Ltd.
1.69
0.27
18.68%
AU:WAR
WAM Strategic Value Ltd
1.14
0.17
17.01%
AU:WMA
WAM Alternative Assets Ltd
1.02
0.15
16.84%
AU:WMI
WAM Microcap Ltd.
1.53
0.19
14.52%
AU:WLE
WAM Leaders Limited
1.37
0.25
22.32%
WAM Global Ltd. Corporate Events
WAM Global Shares FY2026 Interim Results Webinar Under General Advice Disclaimer
Mar 19, 2026
WAM Global Ltd. has released materials associated with its FY2026 interim results webinar, led by portfolio managers Catriona Burns, Nick Healy and deputy portfolio manager William Liu, and provided investors with access to a recording for persona...
WAM Global updates dividend reinvestment plan to align with market practice
Mar 13, 2026
WAM Global Limited, an ASX-listed listed investment company, offers investors a diversified, actively managed portfolio of undervalued international growth equities aimed at delivering capital growth, franked dividends and capital preservation ove...
WAM Global Flags Solid Dividends as Masimo Takeover Validates Strategy
Mar 11, 2026
WAM Global Limited reported a pre-tax net tangible asset backing of 219.79 cents per share at the end of February 2026, with total assets of $789.1 million and an investment portfolio that has returned 7.9% per annum since its June 2018 inception,...
WAM Global and Future Generation Launch National 2026 Shareholder Roadshow
Mar 9, 2026
Wilson Asset Management and its affiliated Future Generation funds will hold a national series of shareholder presentations for WAM Global Ltd. investors in April and May 2026, spanning major Australian cities including Canberra, Sydney, Brisbane,...
WAM Global Schedules FY2026 Interim Results Q&A Webinar
Mar 4, 2026
WAM Global will host an FY2026 interim results QA webinar on 19 March 2026 at 10:00am Sydney time, led by lead portfolio manager Catriona Burns with portfolio managers Nick Healy and William Liu. The session will update shareholders on the investm...
WAM Global Posts Half-Year Loss but Lifts Fully Franked Interim Dividend
Feb 25, 2026
WAM Global Limited reported a sharp reversal in performance for the half year ended 31 December 2025, posting revenue from ordinary activities of negative $9.1 million and a net loss after tax of $11.1 million, compared with a profit in the prior ...
WAM Global Declares Interim Dividend of 6.6 Cents a Share
Feb 25, 2026
WAM Global Limited has declared an ordinary dividend of AUD 0.066 per fully paid share, relating to the six-month period ended 31 December 2025. The distribution will follow an ex-dividend date of 13 April 2026, with a record date of 14 April and ...
WAM Global schedules FY2026 interim results investor webinars
Feb 24, 2026
WAM Global Ltd., an Australian global equities investment company managed by Wilson Asset Management, offers investors exposure to a diversified portfolio of international shares through an actively managed listed investment structure.The company ...
WAM Global lifts income return as Synopsys shines and Quanta weighs on December portfolio
Jan 8, 2026
WAM Global Limited reported net tangible assets before tax of 239.71 cents per share at 31 December 2025, with total assets of $860.8 million and a month-end share price of $2.47. Since its June 2018 inception, the investment portfolio has returne...
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.