GQG PARTNERS INC (GQG)
Share Price Analysis and Chart

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24/08/2026

2

Accumulate

$1.52

38.81%

Morgans describes GQG Partners' 1H26 result as resilient in a difficult operating environment, with NPAT down -1% y/y but 2% ahead of consensus. Revenue was -1% below expectations, while the final dividend of US7.1cps was broadly in line.

The key concern remains investment performance, with all major strategies lagging their benchmarks over one, three and five years, contributing to -US$15bn of outflows in 1H26.

A notable change in positioning has been highlighted, with GQG now overweight Technology and Semiconductors across most strategies after previously taking a more defensive stance.

FY26 EPS forecasts are broadly unchanged but outer-year forecasts are cut by -3%-5% due to weaker net flow assumptions.

Accumulate rating retained with a lower target to $1.52 from $1.66.

FORECAST
Morgans forecasts a full year FY26 dividend of 18.79 cents and EPS of 21.68 cents.
Morgans forecasts a full year FY27 dividend of 17.34 cents and EPS of 20.23 cents.

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25/08/2026

3

Neutral

$1.50

36.99%

Jarden maintains its Neutral recommendation for GQG Partners with its target price reduced to $1.50 from $1.65 following a first-half earnings result marked by a shift in strategic positioning away from its previous defensive stance.

The analyst notes that underperformance has been persistent and outflows are likely to remain elevated for the near term.

The broker's estimates indicate that the stock trades on an attractive 8x price-to-earnings multiple with a 13% dividend yield.

The analyst highlights that earnings risk remains skewed to the downside until the company's repositioning fully translates into operational performance.