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WCM Global Growth Ltd.
(Sydney:WQG)
WCM Global Growth Ltd. (WQG) vs. iShares MSCI Australia ETF (EWA)
WCM Global Growth Ltd. Business Overview & Revenue Model
WCM Global Growth Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 107.68M | 69.77M | 57.51M | -63.53M | 73.39M |
| Gross Profit | 107.68M | 69.77M | 57.37M | -67.66M | 73.39M |
| EBITDA | 98.90M | -949.00K | 52.85M | -68.93M | 68.67M |
| Net Income | 69.53M | 45.34M | 37.18M | -48.06M | 48.41M |
Balance Sheet | |||||
| Total Assets | 461.68M | 307.24M | 273.60M | 245.03M | 315.97M |
| Cash, Cash Equivalents and Short-Term Investments | 17.86M | 306.66M | 5.21M | 10.46M | 10.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 54.32M | 31.81M | 17.35M | 11.65M | 39.39M |
| Stockholders Equity | 407.36M | 275.43M | 256.25M | 233.38M | 276.58M |
Cash Flow | |||||
| Free Cash Flow | -54.69M | 31.27M | 9.07M | -4.97M | 4.22M |
| Operating Cash Flow | -54.69M | 31.27M | 9.07M | -4.97M | 4.22M |
| Investing Cash Flow | -178.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 62.40M | -26.16M | -14.32M | 4.87M | -4.01M |
WCM Global Growth Ltd. Technical Analysis
WCM Global Growth Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ― | -19.86 | 1.95% | 9.39% | 34.82% | 39.08% | |
73 Outperform | ― | 4.98 | 10.92% | 4.07% | 54.58% | 39.00% | |
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% | |
61 Neutral | AU$44.48M | 5.00 | 11.37% | 5.00% | 16.64% | 19.30% | |
57 Neutral | ― | 7.67 | 3.55% | 5.70% | 1.20% | -1.85% | |
54 Neutral | AU$294.48M | 10.89 | 12.36% | 2.86% | -26.30% | 40.12% |
WCM Global Growth Ltd. Corporate Events
WCM Global Growth Ltd., an ASX-listed investment company, offers concentrated exposure to global growth equities, primarily in Consumer, Technology and Health Care, managed by WCM Investment Management. The manager’s process emphasises corporate culture as the key driver of expanding economic moats, aiming to outperform the MSCI ACWI ex-Australia over time while maintaining lower volatility and paying fully franked dividends.
For February 2026, WCM Global Growth posted a -0.40% portfolio return, beating its benchmark’s -0.83% and extending a track record of annualised outperformance over one and three years and since inception. The portfolio benefited from overweight positions in Industrials and Materials and underweight Consumer Discretionary, while stock selection in Financials, Materials and Communication Services weighed on relative returns, highlighting the manager’s continued ability to navigate a market environment that has been challenging for active quality-growth strategies.
Global equity markets were mixed during the month, with gains in many regions offset for unhedged investors by a stronger Australian dollar and a rotation out of U.S. Technology names. The fund’s positioning, including holdings such as Siemens Energy, AppLovin and Taiwan Semiconductor, and exposure to names like UK private equity firm 3i Group, underscores its focus on businesses with scalable models and growing competitive moats, which the manager views as a persistent source of long-term return potential.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reminded eligible shareholders that its one-for-ten pro-rata non-renounceable entitlement offer, priced at $1.75 per new share, is scheduled to close at 5:00pm Sydney time on 17 March 2026, with the issue price set at a modest discount to the last traded price. New shares will participate in a fully franked interim dividend of 2.16 cents per share, and based on the board’s current intentions, investors taking up the offer are expected to receive attractive fully franked yields over the next 12 to 13 months.
The company highlighted its strong long-term performance, noting that its global equities portfolio has significantly outperformed its benchmark since listing in 2017, underpinned by WCM Investment Management’s Quality Global Growth strategy. WQG has also updated a previously released investor presentation to clarify that certain disclosed returns relate specifically to the underlying portfolio, a move aimed at ensuring clearer disclosure for shareholders considering participation in the capital raising.
The most recent analyst rating on (AU:WQG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reported an estimated unaudited net tangible asset backing per share of $1.949 before tax and $1.774 after tax as at 6 March 2026. The company’s closing share price on that date was $1.780, broadly in line with the post-tax NTA, indicating the stock is trading close to its underlying asset value.
The NTA figures include all fees, expenses and company assets, and are based on 227,624,850 shares on issue, but remain indicative and unaudited at this stage. For shareholders and prospective investors, the update provides a snapshot of portfolio value relative to market pricing, helping assess whether WQG is trading at a premium or discount to its net tangible assets.
The most recent analyst rating on (AU:WQG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing per share as at 27 February 2026, with NTA before tax of $2.013 and after tax of $1.819, against a closing share price of $1.85. The disclosure, which includes all fees, expenses and company assets in the calculation, offers investors an updated view of the LIC’s asset backing relative to its market price, while stressing that the figures are indicative and unaudited.
The company reiterates that NTA figures differ from share price performance and portfolio returns, underscoring the need for investors to understand these distinctions when assessing the vehicle. The accompanying disclaimer highlights that past performance is not a guide to future returns and that WCM Global Growth may not suit all investors, reinforcing the importance of professional advice and careful review of relevant information before investing.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has launched a one-for-ten pro-rata non-renounceable entitlement offer of new ordinary shares at $1.75 per share, targeting a capital raise of about $39.8 million. The offer is open to eligible shareholders in Australia and New Zealand and is scheduled to close on 17 March 2026, with the company seeking ASX quotation for the new shares.
The offer structure allows existing investors to maintain their proportional holdings and potentially apply for additional shares, which may help support liquidity and capital base expansion. As the offer is being conducted without a prospectus under specific Corporations Act provisions, shareholders are directed to rely on the company’s existing market disclosures and their own professional advice when assessing participation.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing per share of $2.018 before tax and $1.823 after tax as at 20 February 2026. The company’s closing share price on that date was $1.835, indicating the shares are trading close to post-tax NTA, and the figures include all fees, expenses and company assets and remain indicative and unaudited.
The NTA per share calculation is based on 227,624,850 shares on issue, giving investors an updated view of the underlying asset backing supporting the LIC’s market value. This regular disclosure helps shareholders and potential investors assess whether WQG is trading at a discount or premium to its assets, a key consideration for valuing listed investment companies on the ASX.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Ltd., an ASX-listed investment company (WQG), offers Australian investors exposure to a concentrated portfolio of international equities, largely in high-growth Consumer, Technology and Health Care names. The strategy, run by WCM Investment Management, emphasises corporate culture as the main driver of sustainable competitive advantage, seeking to outperform the MSCI All Country World Index (ex-Australia) over time with lower volatility.
The company reported a -1.94% portfolio return for January 2026, modestly trailing its benchmark’s -1.50%, yet it continues to beat the index on an annualised basis over three years and since inception. Recent performance benefited from overweight positions in Industrials and Materials and underweight Consumer Discretionary, while lack of Energy and Consumer Staples exposure and stock selection in Technology, Communication Services and Financials detracted, with holdings such as Siemens Energy, Taiwan Semiconductor and Amazon among its largest positions.
Management highlighted that global equities started 2026 positively in local currency terms amid supportive macro data, with emerging markets outpacing the U.S. and Energy and Materials leading sector returns. WCM also framed artificial intelligence as a long-term productivity driver rather than a pure speculative theme for the portfolio, pointing to diversified AI-linked exposure across computing, software platforms and power infrastructure rather than a concentrated bet on a single segment.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has released its latest unaudited weekly net tangible asset update, reporting an estimated pre-tax NTA of $1.996 per share and a post-tax NTA of $1.807 per share as at 6 February 2026, based on 227,624,850 shares on issue. The company’s closing share price on that date was $1.865, indicating that WQG is trading at a modest discount to its pre-tax NTA but a small premium to its post-tax NTA, a dynamic closely watched by investors in listed investment companies when assessing value and market sentiment.
The disclosure, which incorporates all fees, expenses and cash holdings, offers investors an indicative snapshot of portfolio value and reinforces the transparency expectations for LICs on the ASX. Although the figures are unaudited and subject to change, the regular NTA reporting provides an important reference point for shareholders weighing the relationship between portfolio performance and market pricing of WQG shares.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has released its estimated unaudited net tangible asset (NTA) backing per share as at 30 January 2026, reporting a pre-tax NTA of $2.023 and a post-tax NTA of $1.826, against a closing share price of $1.915. The update, which incorporates all fees, expenses and company assets across an issued capital base of 227.6 million shares, indicates the stock is trading at a slight discount to its pre-tax NTA and marginal premium to its after-tax NTA, offering shareholders a timely snapshot of valuation and portfolio performance relative to market pricing.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reported an estimated unaudited net tangible asset (NTA) backing per share of $2.072 before tax and $1.860 after tax as at 23 January 2026, based on issued capital of 227,624,850 shares. With a closing share price of $1.92 on the same date, the stock is trading between the pre- and post-tax NTA levels, offering investors a reference point for assessing the relationship between market price and underlying asset value, though the figures remain indicative and unaudited.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has announced that director Michael Liu ceased to be a director of the company on 26 January 2026. According to the final director’s interest notice lodged with the ASX, Liu holds no shares as a registered holder but retains an indirect interest in 37,161 fully paid ordinary shares through Superkind Pty Ltd as trustee for the Superkind Super Fund, where he is director and beneficiary, clarifying his residual equity exposure following his departure from the board.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has announced the unexpected death of non-executive independent director Michael Liu, a founding board member who joined ahead of the company’s ASX listing in 2017. Liu also served as chair of the Audit and Risk Committee, where he was recognised for his sound judgement and valuable insights, and his passing represents a significant loss to the board’s governance and oversight capabilities, with the company highlighting his lasting contribution and extending condolences to his family, friends and colleagues.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reported an estimated unaudited pre-tax net tangible asset (NTA) backing of $2.138 per share and an after-tax NTA of $1.906 per share as at 16 January 2026, based on 227,624,850 shares on issue. With a closing share price of $1.975, the stock is trading between its pre- and post-tax NTA levels, providing investors with a current snapshot of the company’s asset backing and valuation relative to its market price, although the figures remain indicative and unaudited.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth reported a net tangible asset (NTA) before tax of A$2.064 per share and an after-tax NTA of A$1.855 as at 31 December 2025, versus a month-end share price of A$1.995, and maintained a fully franked annual dividend of 7.91 cents paid quarterly. The portfolio returned 0.54% in December, beating its benchmark’s -0.79%, and has outpaced the index on an annualised basis over one and three years and since inception, with recent outperformance driven by stock selection in information technology and industrials, zero exposure to consumer staples and utilities, and new positions in Cardinal Health, Medline and senior housing REIT Welltower, as the manager continues to tilt the strategy toward companies benefiting from structural growth trends and robust economic moats.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reported an estimated unaudited net tangible asset (NTA) backing per share as at 9 January 2026 of $2.134 before tax and $1.904 after tax, based on issued capital of 227,624,850 shares. With the company’s closing share price at $1.95 on the same date, the figures indicate that WQG’s shares were trading at a small discount to their pre-tax NTA and slightly above post-tax NTA, offering investors a snapshot of current valuation and portfolio performance while underscoring that the numbers remain indicative and unaudited.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has disclosed a minor change in director Martin Francis Switzer’s holdings following the issue of additional shares under the company’s dividend reinvestment plan. Switzer acquired 403 ordinary shares at $1.9230 per share on 31 December 2025, increasing his total direct and indirect interest from 78,104 to 78,507 shares, with no trades occurring during a closed period and no changes to any related contracts, indicating a routine adjustment linked to the company’s capital management rather than a strategic shift in ownership.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has reported an estimated unaudited net tangible asset (NTA) backing per share of $2.072 before tax and $1.860 after tax as at 2 January 2026, compared with a closing share price of $1.980. The figures, which are calculated after all fees and expenses across 227.6 million shares on issue, suggest the stock is trading at a modest discount to its pre-tax NTA and a small premium to its post-tax NTA, providing investors with an updated reference point for valuing the LIC’s shares relative to its underlying portfolio.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited, an ASX-listed global equities investment company, has applied for quotation of an additional 421,838 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on 31 December 2025 under a dividend or distribution plan, modestly increase the company’s listed capital base and reflect ongoing use of equity-based distribution mechanisms, which can support shareholder participation while slightly diluting existing holdings.
The most recent analyst rating on (AU:WQG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WCM Global Growth Ltd. stock, see the AU:WQG Stock Forecast page.
WCM Global Growth Limited has released its estimated unaudited net tangible asset (NTA) figures as at 24 December 2025, reporting a pre-tax NTA of $2.083 per share and a post-tax NTA of $1.868 per share, against a closing share price of $1.965. The NTA, calculated after all fees and expenses and based on 227.2 million shares on issue, includes an accrual for the fully franked interim dividend of 2.09 cents per share payable on 31 December 2025, with the shares having traded ex-dividend since 10 December 2025, providing investors with an updated snapshot of value relative to market pricing ahead of the dividend payment.
WCM Global Growth Limited has reported an estimated unaudited net tangible asset (NTA) backing per share of $2.088 before tax and $1.871 after tax as at 19 December 2025, against a closing share price of $1.95. The figures, which are calculated after all fees and expenses and based on 227.2 million shares on issue, include an accrual for the fully franked interim dividend of 2.09 cents per share payable on 31 December 2025, offering investors an indication of current portfolio value and the impact of the recent ex‑dividend date on the trading price.
WCM Global Growth Ltd. announced an update to its previous dividend distribution announcement, specifically adjusting the Dividend Reinvestment Plan (DRP) price. This update pertains to the dividend distribution for the quarter ending on September 30, 2025, with the record date set for December 11, 2025. The announcement reflects the company’s ongoing commitment to providing value to its shareholders through regular dividend distributions.
WCM Global Growth Limited announced its estimated unaudited Net Tangible Asset (NTA) per share as of December 12, 2025. The NTA before tax is $2.047, and after tax, it is $1.842, with a closing share price of $1.970. These figures include an accrual for an interim dividend of 2.09 cents per share, which is 100% franked and payable on December 31, 2025. The announcement provides stakeholders with insights into the company’s financial standing and potential returns, reflecting its continued commitment to transparency and shareholder value.