WAM Alternative Assets Ltd (AU:WMA)
ASX:WMA
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WAM Alternative Assets Ltd
(Sydney:WMA)
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Rating:57Neutral
Price Target:
AU$1.00
▼(-1.96% Downside)
Action:DowngradedDate:12/30/25
The score is held back primarily by weak cash generation (negative operating and free cash flow in 2024–2025) and a sharp revenue decline in 2025, which raise concerns about earnings durability. Offsetting factors include a very low-risk balance sheet with zero debt, stable accounting margins, and neutral-to-mildly positive technical momentum; valuation is mixed due to a high P/E despite a solid dividend yield.
Positive Factors
Portfolio Growth
The growth in the private equity portfolio, especially through the TEN Group, indicates strategic expansion and potential for long-term value creation, enhancing WAM's market position.
Negative Factors
Weak Cash Generation
Negative cash flow indicates that earnings are not converting into cash, which could strain financial flexibility and impact the ability to fund operations and distributions long-term.
Read all positive and negative factors
Positive Factors
Negative Factors
Portfolio Growth
The growth in the private equity portfolio, especially through the TEN Group, indicates strategic expansion and potential for long-term value creation, enhancing WAM's market position.
Read all positive factors
WAM Alternative Assets Ltd (WMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield5.7%
Average Volume (3M)225.73K
Price to Earnings (P/E)7.7
Beta (1Y)0.26
Revenue Growth1.20%
EPS Growth-1.85%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.03
Shares Outstanding196,990,590
10 Day Avg. Volume218,199
30 Day Avg. Volume225,728
Financial Highlights & Ratios
PEG Ratio-13.95
Price to Book (P/B)0.83
Price to Sales (P/S)16.36
P/FCF Ratio-16.25
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 Alternative Assets Ltd Business Overview & Revenue Model
Company Description
Blue Sky Alternatives Access Fund Ltd specializes in investments in venture capital, private equity, private real estate including infrastructure, commodities, farmland, agricultural water entitlements, and real assets such as water rights....
How the Company Makes Money
WAM Alternative Assets Ltd generates revenue primarily through management and performance fees associated with the assets under management (AUM). The company charges management fees based on a percentage of the total AUM, which provides a steady i...
WAM Alternative Assets Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
38
Negative
| Breakdown | Jun 2024 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.45M | 11.77M | 15.14M | 26.81M | 6.27M |
| Gross Profit | 11.45M | 9.36M | 14.45M | 25.38M | 3.98M |
| EBITDA | 0.00 | 7.93M | 0.00 | 0.00 | 22.63M |
| Net Income | 6.23M | 6.34M | 9.48M | 18.05M | 18.02M |
Balance Sheet | |||||
| Total Assets | 274.92M | 277.67M | 291.48M | 301.31M | 264.32M |
| Cash, Cash Equivalents and Short-Term Investments | 39.81M | 61.03M | 78.45M | 298.76M | 262.33M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 47.97M | 47.25M | 58.09M | 69.39M | 43.32M |
| Stockholders Equity | 226.96M | 230.42M | 233.39M | 231.92M | 221.00M |
Cash Flow | |||||
| Free Cash Flow | -11.53M | -8.11M | 21.53M | 20.58M | 4.67M |
| Operating Cash Flow | -11.53M | -8.11M | 21.53M | 20.58M | 4.67M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -9.69M | -9.31M | -8.02M | -7.14M | -8.12M |
WAM Alternative Assets Ltd Technical Analysis
Positive
1.02
Price Trends
1.01
Positive
1.01
Positive
0.99
Positive
Market Momentum
<0.01
Negative
57.06
Neutral
87.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WMA, the sentiment is Positive. The current price of 1.02 is above the 20-day moving average (MA) of 0.99, above the 50-day MA of 1.01, and above the 200-day MA of 0.99, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.06 is Neutral, neither overbought nor oversold. The STOCH value of 87.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WMA.
WAM Alternative Assets Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$57.49M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$54.23M | 19.67 | 3.43% | 6.89% | 30.36% | -31.47% | |
57 Neutral | ― | 7.67 | 3.55% | 5.70% | 1.20% | -1.85% | |
55 Neutral | AU$47.91M | 5.00 | 11.37% | 5.00% | 16.64% | 19.30% | |
53 Neutral | AU$26.79M | 46.88 | 4.11% | 2.03% | 18.17% | ― |
* Financial Sector Average
AU:WMA
WAM Alternative Assets Ltd
1.02
0.15
16.84%
AU:CIW
Clime Investment Management Ltd
0.33
>-0.01
-2.40%
AU:MAM
Microequities Asset Management Group Ltd.
0.44
0.02
4.27%
AU:WTL
WT Financial Group Ltd.
0.14
0.03
29.63%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.65
0.04
6.97%
WAM Alternative Assets Ltd Corporate Events
WAM Alternative Assets Lifts Portfolio Value on Inflation-Linked Infrastructure and Renewables
Jan 13, 2026
WAM Alternative Assets reported an increase in its investment portfolio value in December 2025, largely driven by strong performance in its infrastructure and private equity holdings, including significant exposure to Palisade Investment Partners&...
WAM Alternative Assets Sees Growth in Private Equity Portfolio
Dec 12, 2025
WAM Alternative Assets Limited reported an increase in its investment portfolio for November 2025, driven by the private equity component, particularly through its co-investment in TEN Group. TEN Group, a distributor in Australia’s energy se...
WAM Alternative Assets Boosts Portfolio with Strategic Investments
Nov 14, 2025
WAM Alternative Assets Limited reported an increase in its investment portfolio for October 2025, driven by the performance of its private equity portfolio. The company co-invested $5 million in Libertas, a business solutions provider specializing...
WAM Alternative Assets Ltd Director Increases Stake
Nov 3, 2025
WAM Alternative Assets Ltd announced a change in the director’s interest, with Michael Cottier acquiring 787 ordinary shares through a dividend reinvestment plan. This change reflects the director’s increased stake in the company, pote...
WAM Alternative Assets Director Increases Stake Through DRP
Nov 3, 2025
WAM Alternative Assets Limited announced a change in the director’s interest, with Kym Evans acquiring an additional 2,030 ordinary shares through a dividend reinvestment plan, bringing the total to 70,240 shares. This acquisition reflects t...
WAM Alternative Assets Ltd Announces Quotation of New Securities on ASX
Oct 31, 2025
WAM Alternative Assets Ltd announced the quotation of 434,478 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 31, 2025. This move is part of a dividend or distribution plan, potentially enhancing the compan...
WAM Alternative Assets Director Increases Shareholding
Oct 30, 2025
WAM Alternative Assets Ltd announced a change in the director’s interest, with John Baillie acquiring an additional 8,000 ordinary shares through an on-market purchase. This acquisition increases his total holding to 103,000 shares, reflecti...
WAM Alternative Assets Updates Dividend Distribution Details
Oct 24, 2025
WAM Alternative Assets Ltd has updated its previous announcement regarding the dividend distribution for its ordinary fully paid securities. The update pertains to the Dividend Reinvestment Plan (DRP) price, with the distribution relating to the s...
WAM Alternative Assets Extends Investment Management Agreement with Wilson Asset Management
Oct 24, 2025
WAM Alternative Assets Limited has announced the extension of its Investment Management Agreement with Wilson Asset Management, which will now expire on 13 October 2030. This extension follows the expiry of the initial term and the recent Annual G...
Director Increases Stake in WAM Alternative Assets
Oct 16, 2025
WAM Alternative Assets Limited announced a change in the director’s interest, with John Baillie acquiring an additional 10,000 ordinary shares through an on-market purchase, increasing his total holdings to 95,000 shares. This acquisition re...
WAM Alternative Assets Director Increases Shareholding
Oct 15, 2025
WAM Alternative Assets Ltd has announced a change in the director’s interest, with John Baillie acquiring an additional 20,000 ordinary shares, bringing his total to 85,000 shares. This on-market purchase, valued at $20,800, reflects the dir...
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.