Whitefield Ltd (WHF) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 3.83%
• Average Volume (3M): 65.51K
• Price to Earnings (P/E): 28.8
• Beta (1Y): 0.50
• Revenue Growth: 0.53%
• EPS Growth: 3.56%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.09
• Shares Outstanding: 120,849,720
• 10 Day Avg. Volume: 53,835
• 30 Day Avg. Volume: 65,514
• PEG Ratio: 5.00
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 23.56
• P/FCF Ratio: 37.58
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$6.00 ▲(10.70% Upside)

The score is supported primarily by strong financial performance (high profitability and a very conservative, low-debt balance sheet). This is moderated by mixed technical signals and a valuation headwind from the higher P/E, with the dividend yield providing only partial support.

Positive Factors

Conservative Balance Sheet

A low-debt balance sheet enhances financial stability and reduces risk, allowing the company to weather economic downturns more effectively.

Strong Investment Returns

Consistent outperformance of investment benchmarks indicates effective portfolio management and enhances shareholder value over time.

High Profitability

High and stable profitability margins suggest efficient operations and a strong ability to generate income, supporting long-term growth.

Negative Factors

Revenue Volatility

Volatile revenue trends can complicate financial planning and investor confidence, potentially impacting long-term strategic initiatives.

Decline in Profits

A decline in profits may signal challenges in maintaining past performance levels, affecting future dividend payouts and investor returns.

Choppy Cash Flow Growth

Inconsistent cash flow growth can hinder the company's ability to reinvest in its portfolio and support dividend payments, impacting long-term financial health.

Whitefield Ltd Business Overview & Revenue Model

Company Description

Whitefield Limited operates in the securities industry primarily in Australia. The company invests in shares and securities. The company was founded in 1923 and is based in Sydney, Australia.

How the Company Makes Money

Whitefield Ltd Financial Statement Overview

Summary

Strong overall fundamentals driven by exceptionally high and consistent profitability and a very conservative balance sheet with minimal-to-no debt. Offsets include historical revenue volatility and uneven free cash flow growth/coverage despite generally solid cash generation.

Income Statement

Profitability is exceptionally strong and consistent, with net margins staying around the low-to-mid 80% range across the period and very high operating profitability as well. Revenue growth has been positive in recent years (including a strong jump in the latest annual period), but the top line has shown volatility earlier in the period (notably declines in 2020–2021). A minor watch item is inconsistent reporting of earnings before non-cash charges (shown as zero in several years), which reduces comparability of that specific profitability view.

Balance Sheet

The balance sheet is conservatively positioned: debt is low relative to equity and drops to zero in the latest year, indicating very limited financial leverage risk. Equity and total assets have generally trended higher over time, supporting balance-sheet stability. Returns on equity are steady but modest (roughly low-to-mid single digits), suggesting profitability is strong in dollars but not highly efficient relative to the large equity base.

Cash Flow

Cash generation is solid, with free cash flow consistently matching net income (near 1:1) and positive operating cash flow each year. However, free cash flow growth is choppy, including a decline in the latest year, and cash flow coverage of earnings is volatile (very strong in some years, much weaker in others), pointing to variability in cash conversion timing despite strong reported profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.93M	26.38M	24.68M	21.82M	20.48M	12.75M
Gross Profit	13.11M	26.31M	24.68M	21.82M	19.87M	12.75M
EBITDA	11.26M	23.65M	0.00	0.00	612.39K	0.00
Net Income	21.96M	22.39M	20.43M	18.01M	16.79M	9.82M
Balance Sheet
Total Assets	812.34M	728.60M	723.88M	623.82M	650.90M	547.60M
Cash, Cash Equivalents and Short-Term Investments	8.12M	6.92M	8.52M	5.24M	5.65M	6.04M
Total Debt	0.00	0.00	25.39M	25.21M	25.03M	32.64M
Total Liabilities	103.38M	78.42M	106.81M	72.50M	92.71M	89.40M
Stockholders Equity	708.97M	650.17M	617.07M	551.32M	558.20M	458.20M
Cash Flow
Free Cash Flow	19.36M	16.55M	19.70M	18.23M	14.11M	10.22M
Operating Cash Flow	19.36M	16.55M	19.70M	18.23M	14.11M	10.22M
Investing Cash Flow	11.87M	14.48M	4.19M	-21.35M	-64.96M	-52.81M
Financing Cash Flow	-32.23M	-32.62M	-20.61M	2.71M	50.47M	-3.52M

Whitefield Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WHF, the sentiment is Negative. The current price of 5.42 is above the 20-day moving average (MA) of 5.40, above the 50-day MA of 5.39, and below the 200-day MA of 5.46, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.57 is Neutral, neither overbought nor oversold. The STOCH value of 39.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WHF.

Whitefield Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WHF	70 Outperform	―	28.79	3.23%	3.83%	0.53%	3.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NWL	64 Neutral	AU$6.01B	51.40	67.81%	1.45%	28.29%	39.39%
OFX	60 Neutral	AU$115.85M	7.14	9.31%	―	-5.73%	-36.36%
COG	55 Neutral	AU$372.87M	18.07	12.36%	2.86%	-26.30%	40.12%
PPS	50 Neutral	AU$368.04M	27.92	12.27%	2.81%	24.56%	59.32%
FNX	46 Neutral	AU$11.21M	-2.15	-34.88%	―	43.00%	-6078.57%

Whitefield Ltd Corporate Events

Whitefield Industrials Delivers Steady Earnings and Sustained Dividend Growth

Whitefield Industrials reported net profit after tax of $15.0 million for the nine months to 31 December 2025, with earnings per share steady at 12.5 cents, as portfolio income remained broadly in line with the prior year despite the absence of last year’s one-off special dividends from Westpac and Woolworths. The company highlighted ongoing dividend growth from key holdings including Macquarie Group, Transurban, Aristocrat Leisure, Westpac and Harvey Norman, and underscored its income track record by paying a fully franked half-year dividend of 10.5 cents in December 2025—maintaining a more than 30-year history of steady or rising payouts—equating to a gross annualised yield of 5.5% and supported by a 12.7% per annum three-year portfolio return and continued outperformance of its investment benchmark in a softer Australian equity market.

The most recent analyst rating on (AU:WHF) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Whitefield Ltd stock, see the AU:WHF Stock Forecast page.

Whitefield Industrials Posts December NTA, Maintains Strong Dividend Yield and Financials Tilt

Whitefield Industrials Limited reported a pre-tax net tangible asset (NTA) backing of $6.30 per share as at 31 December 2025, down from $6.40 the prior month, with after-tax NTA at $5.58 and the share price trading at a 13.9% discount to NTA at $5.42. The listed investment company highlighted gross assets of $763 million and an annual fully franked dividend yield of 5.5% based on a 21 cents per share payout over the past 12 months, maintaining its long-standing record of consistent dividends. Investment performance for the year to 31 December showed the portfolio returning 4.92% before costs and tax versus 3.95% for the S&P/ASX 200 Industrials Index, with net asset backing (pre deferred tax) delivering a 5.28% return after costs, dividends and franking, while the share price return over one year was 2.62%. The portfolio remains heavily weighted to financials at 44.3%, led by major positions in Commonwealth Bank, National Australia Bank, Westpac and ANZ, reflecting an income-focused strategy and signalling continued reliance on Australia’s large financial institutions and industrial names as core drivers of shareholder returns.

The most recent analyst rating on (AU:WHF) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Whitefield Ltd stock, see the AU:WHF Stock Forecast page.

Whitefield Industrials Director Increases Indirect Holding via Dividend Reinvestment

Whitefield Industrials Limited has disclosed a change in director Jenelle B Webster’s indirect holding in the company, following participation in its dividend reinvestment plan. Through the BJ Webster Super Fund, Webster acquired 1,040 ordinary fully paid shares on 19 December 2025, increasing her indirect interest from 53,410 to 54,450 shares, with a transaction value of $5,608.05, indicating continued alignment of director interests with shareholders via reinvested dividends rather than market trades or new contractual arrangements.

Whitefield Industrials Director Jenkins Increases Stake via Dividend Reinvestment

Whitefield Industrials Limited has disclosed a change in director Lance W Jenkins’s relevant interest in the company’s shares, lodged with the ASX under the required director interest notification rules. Through his indirect holding via the Charlieman Trust, Jenkins increased his beneficial interest by 3,577 ordinary fully paid shares, taking his total holding from 183,632 to 187,209 shares, with the additional shares acquired under the company’s dividend reinvestment plan, signalling continued alignment of the director’s interests with those of shareholders.

Whitefield Industrials Seeks ASX Quotation for New Dividend Plan Shares

Whitefield Industrials Limited has applied to the ASX for quotation of 380,801 new ordinary fully paid shares issued on 19 December 2025 under its dividend or distribution plan. The additional share quotation modestly expands the company’s capital base and reflects ongoing shareholder participation in its distribution reinvestment arrangements, incrementally increasing market liquidity for WHF securities and reinforcing the company’s use of equity-based funding to support its investment operations.

Whitefield Industrials Updates Dividend Plans

Whitefield Industrials Limited has announced an update regarding its Dividend Reinvestment Plan and Dividend Substitution Plan issue price. This update pertains to the dividend distribution for the six-month period ending on September 30, 2025, with key dates including a record date of December 5, 2025, and an ex-date of December 4, 2025. This announcement reflects the company’s ongoing commitment to providing value to its shareholders through structured dividend plans.

Whitefield Industrials Announces New Dividend Distribution

Whitefield Industrials Limited has announced a new dividend distribution for its 8.0% cumulative preference shares, with a distribution amount of AUD 0.04000000. The dividend relates to a six-month period ending on September 30, 2025, with key dates including an ex-date of December 4, 2025, a record date of December 5, 2025, and a payment date of December 19, 2025. This announcement may impact the company’s financial performance and investor relations, as it reflects the company’s ongoing commitment to providing returns to its shareholders.

Whitefield Industrials Declares Dividend for Shareholders

Whitefield Industrials Limited has announced a dividend distribution of AUD 0.105 per ordinary fully paid security, covering the six-month period ending September 30, 2025. The ex-dividend date is set for December 4, 2025, with the record date on December 5, 2025, and payment scheduled for December 19, 2025. This announcement underscores the company’s commitment to returning value to its shareholders and may positively impact investor sentiment.

Whitefield Ltd Expands with New Investment Offering

Whitefield Ltd’s recent update highlights its long-standing success in delivering value to shareholders through its proven investment strategies. The launch of Whitefield Income in 2024 marks a significant milestone in the company’s expansion efforts, reinforcing its position in the market and commitment to offering diverse investment avenues.

Whitefield Ltd Announces Upcoming Financial Update Webinar

Whitefield Ltd is hosting a webinar for shareholders, advisors, and interested parties to provide updates on its industrial and income segments. The event will cover the company’s half-year results and first-quarter updates, offering stakeholders insights into Whitefield’s financial performance and strategic direction.

Whitefield Industrials Reports Decline in Profits but Increases Asset Backing

Whitefield Industrials Limited reported a decline in both investment revenue and net profit for the half-year ended September 2025, with investment revenue down by 3.4% and net profit after tax down by 4.0% compared to the previous year. Despite the decrease in profits, the company announced fully franked dividends for ordinary and preference shares, maintaining its commitment to shareholder returns. Additionally, the net tangible assets per share saw an increase, indicating a positive asset backing for shareholders.

Whitefield Industrials Reports October NTA and Dividend Yield

Whitefield Industrials Limited reported a net tangible asset (NTA) per share of $6.65 before deferred tax as of October 31, 2025, reflecting a slight decrease from the previous month. The company’s share price stood at $5.63, representing a 15.4% discount to its NTA. Despite a minor decline in portfolio returns over the past quarter, Whitefield has maintained a fully franked dividend yield of 5.3%, with dividends paid biannually. The company’s investment portfolio is heavily weighted towards financials, comprising 44.6% of its holdings, followed by industrials and consumer discretionary sectors. This strategic allocation positions Whitefield to leverage growth opportunities within these key sectors.

Whitefield Ltd Reports Strong Investment Returns Amid Slight Profit Dip

Whitefield Ltd reports a preliminary unaudited net profit after tax of $10.5 million for the six months ending September 2025, with earnings per share of 8.7 cents. Despite a slight decrease in net profit compared to the previous year due to specific factors, the company continues to maintain a strong dividend payout, expecting a half-year dividend of 10.5 cents fully franked. The company’s investment portfolio has outperformed its benchmark, achieving a 17% per annum return over three years, reflecting the generally positive conditions in the Australian domestic economy.