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Netwealth Group Limited (NWL.AX)

AUD23.17 +0.00 (+0.00%)
AU ASX Financial Services Financial - Capital Markets
Address 180 Flinders Street 3000
Melbourne, VIC, AU
CEO Matthew Alexander Max Heine
Website netwealth.com.au
IPO 2017-11-19
ISIN AU000000NWL7

Explore sections of this company profile

Description

Netwealth Group Limited is an Australian financial services provider specializing in wealth management. The company offers a comprehensive suite of products and services, including superannuation, a range of managed investment solutions like managed accounts and funds, and investor-directed portfolio services. It also provides specialized investment wrap products tailored for Self-Managed Superannuation Funds (SMSFs), alongside diverse investment options encompassing domestic and international listed securities, managed account models, and term deposits. Complementing these offerings are insurance products, administrative support for its superannuation master fund, separately managed accounts, and non-custodial administration services, as well as dedicated solutions for advisory, licensee, and private wealth needs. Netwealth further equips clients with advanced digital tools for portfolio management, performance tracking, investment research, and mobile access. Serving a broad client base, including individual investors, financial advisers, private clients, and high-net-worth firms, Netwealth Group Limited was established in Melbourne, Australia, in 1999.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD23.17 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
542.0K
Beta
1.06
Float Shares
115.34M
Free Float %
47.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.42% -4.30% -9.30% -17.11% -25.23% -16.75% -32.82% +67.61% +47.28% +301.69% +301.69%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.17
DCF (Unlevered) 8.61 -62.8%
DCF (Levered) 13.91 -40.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 6 0
Hold 7 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
25.31
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Financial - Capital Markets: +19.7%
    +22.4% ★ Q4'25: +60.3% (vs Q4'23)
  • ✓
    EPS growth Financial - Capital Markets: +35.3%
    +38.2% ★ Q4'25: -105.6% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +38.7% ★ Q4'25: +34.0% (vs Q4'23)
  • ✓
    EBIT margin Financial - Capital Markets: +33.5%
    +50.3% ★ Q4'25: -7.3% (vs Q4'23)
  • ✓
    ROIC Financial - Capital Markets: +4.0%
    +294.3% ★ Q4'25: +301.5% (vs Q4'23)
  • ✗
    Share dilution Financial - Capital Markets: +0.0%
    +0.5% Q4'25: +0.4% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    0.08× ★ Q4'25: -0.59× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.07) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 8.61 Current price: 23.17
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2018
actual 		Jun 2019
actual 		Jun 2020
actual 		Jun 2021
actual 		Jun 2022
actual 		Jun 2023
actual 		Jun 2024
actual 		Jun 2025
actual 		Jun 2026
14 Rev. Ana.
11 EPS Ana. 		Jun 2027
14 Rev. Ana.
14 EPS Ana. 		Jun 2028
13 Rev. Ana.
11 EPS Ana. 		Jun 2029
9 Rev. Ana.
7 EPS Ana.
Revenue
83.26M
est: 84.41M (-1.4%)
98.77M
est: 99.52M (-0.8%)
121.35M
est: 121.42M (-0.1%)
141.98M
est: 148.33M (-4.3%)
172.86M
est: 171.78M (+0.6%)
207.01M
est: 215.32M (-3.9%)
255.25M
est: 257.47M (-0.9%)
312.30M
est: 323.41M (-3.4%)
392.77M
385.11M – 408.22M
+21.4% YoY
448.74M
434.95M – 465.97M
+14.3% YoY
516.62M
516.22M – 517.02M
+15.1% YoY
553.40M
539.30M – 574.90M
+7.1% YoY
EBITDA
29.87M
est: 26.69M (+11.9%)
51.96M
est: 37.09M (+40.1%)
66.15M
est: 60.45M (+9.4%)
78.43M
est: 75.10M (+4.4%)
—
est: 88.81M (-100.0%)
—
est: 102.35M (-100.0%)
129.51M
est: 117.64M (+10.1%)
162.88M
est: 139.79M (+16.5%)
124.22M
121.80M – 129.10M
-11.1% YoY
141.92M
137.56M – 147.37M
+14.3% YoY
163.39M
163.26M – 163.51M
+15.1% YoY
175.02M
170.56M – 181.82M
+7.1% YoY
EBIT
29.19M
est: 25.34M (+15.2%)
51.20M
est: 32.55M (+57.3%)
62.87M
est: 57.50M (+9.3%)
77.48M
est: 71.58M (+8.2%)
-2.98M
est: 84.65M (-103.5%)
-3.28M
est: 97.55M (-103.4%)
125.86M
est: 112.13M (+12.2%)
157.11M
est: 95.80M (+64.0%)
117.90M
115.61M – 122.54M
+23.1% YoY
134.71M
130.57M – 139.88M
+14.3% YoY
155.08M
154.96M – 155.20M
+15.1% YoY
166.12M
161.89M – 172.58M
+7.1% YoY
Net Income
20.82M
est: 29.32M (-29.0%)
34.30M
est: 24.74M (+38.6%)
43.66M
est: 41.36M (+5.6%)
54.10M
est: 51.83M (+4.4%)
55.55M
est: 61.29M (-9.4%)
67.15M
est: 67.15M (+0.0%)
83.37M
est: 83.37M (+0.0%)
116.52M
est: 116.52M (+0.0%)
132.57M
125.35M – 139.78M
+13.8% YoY
150.09M
142.18M – 158.27M
+13.2% YoY
176.65M
161.49M – 188.12M
+17.7% YoY
201.89M
195.20M – 212.08M
+14.3% YoY
SGA
4.02M
est: 23.96M (-83.2%)
4.76M
est: 38.92M (-87.8%)
5.54M
est: 44.74M (-87.6%)
5.78M
est: 55.93M (-89.7%)
19.59M
est: 66.14M (-70.4%)
92.67M
est: 76.22M (+21.6%)
107.26M
est: 87.61M (+22.4%)
124.19M
est: 98.79M (+25.7%)
111.51M
109.34M – 115.90M
+12.9% YoY
127.40M
123.49M – 132.29M
+14.3% YoY
146.67M
146.56M – 146.79M
+15.1% YoY
157.12M
153.11M – 163.22M
+7.1% YoY
EPS
0.09
est: 0.12 (-25.0%)
0.14
est: 0.15 (-5.0%)
0.18
est: 0.18 (+0.5%)
0.23
est: 0.23 (-0.2%)
0.23
est: 0.23 (+0.4%)
0.28
est: 0.28 (+1.1%)
0.34
est: 0.35 (-2.9%)
0.48
est: 0.48 (+0.8%)
0.54
0.51 – 0.57
+13.4% YoY
0.61
0.58 – 0.64
+12.3% YoY
0.71
0.66 – 0.77
+17.5% YoY
0.82
0.80 – 0.86
+15.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-28 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-27 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-26 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-25 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-22 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-21 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-05-01 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 3/5 1/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 2/5 1/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
251.52M
OE per share TTM
1.03
Owner's Yield
4.80%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
6.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 100 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/ASX Small Ordinaries ETF ISO.AX 1.06% 928.4K 0.55%
2 State Street SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) ASDV.L 0.94% 2.28M 0.55%
3 Vanguard MSCI Australian Small Companies Index ETF VSO.AX 0.50% 3.98M 0.30%
4 BetaShares - Australian Financials Sector ETF QFN.AX 0.30% 225.6K 0.34%
5 BetaShares - Australian Ex-20 Portfolio Diversifier ETF EX20.AX 0.29% 1.32M 0.25%
6 BetaShares - Geared Australian Equities Complex ETF GEAR.AX 0.25% 1.07M 0.78%
7 iShares Ageing Population UCITS ETF AGED.L 0.19% 1.66M 0.40%
8 Franklin FTSE Australia ETF FLAU 0.12% 182.9K 0.09%
9 BetaShares - Managed Risk Australian Shares Complex ETF AUST.AX 0.11% 21.6K 0.49%
10 iShares Core S&P/ASX 200 ETF IOZ.AX 0.11% 7.08M 0.05%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
236.6K
Shares Outstanding
245.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Matthew Alexander Max Heine Chief Executive Officer, MD & Director 1M male
Hayden Stockdale Chief Financial Officer 717.9K male
David Sutherland Chief Customer Operations Officer — male
Jodie Henson Chief Risk, Legal & Governance Officer and Company Secretary — female
Lindsay Coates Head of Strategic Accounts — —
Matt West Executive General Manager of Product & Marketing — male
Nick Walker Chief Technology Officer — male
Rebecca Wokes Head of National Key Accounts — —
Shanyn Payne Chief People Officer — female
Amanda Atkinson Executive General Manager of Service, Administration & Support — female
Victoria Dupuche Head of Training & Relationship Management — —
Damian Holland Executive General Manager of Sales & Distribution — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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