OMNI BRIDGEWAY LIMITED (OBL)
Share Price Analysis and Chart

30/10/2026

1

Buy

$2.83

64.06%

Moelis reiterates its Buy rating for Omni Bridgeway with a $2.83 target price following a strong start to FY27 featuring completion proceeds of $135.8m at a 3.9x MOIC.

The performance generated $9.7m in proceeds alongside $9.4m in cash carried interest, while management fees increased 24% year-on-year with cost coverage reaching 68%.

The analyst notes minor updates to underlying estimates based on the first quarter result, leaving realised EPS forecasts largely unchanged as the capital-light fund management model demonstrates growing recurring fees and improving cost coverage.

Moelis anticipates that significant operating leverage will allow higher fee income to increasingly offset the fixed cost base and convert investment realisations into surplus cash flow.

Sustainable net cash generation remains the key medium-term measure of success to support shareholder capital returns and a potential valuation re-rating.

FORECAST
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.90 cents.
Moelis forecasts a full year FY28 dividend of 0.00 cents and EPS of 26.90 cents.