NETWEALTH GROUP LIMITED (NWL)
Share Price Analysis and Chart

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NWL - NETWEALTH GROUP LIMITED

Year End: June
GICS Industry Group : Diversified Financials
Index: ASX200 | ASX300 | ALL-ORDS

Netwealth is an Australian financial platform operator offering superannuation, retirement, investment and managed account facilities. Founded in 1999 it became a listed company in 2017.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.10

03 Mar
2021

-0.100

OPEN

$14.26

-0.70%

HIGH

$14.35

384,762

LOW

$13.95

TARGET
$16.68 18.3% upside
Franking for last dividend paid out: 100%
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MARKET CONSENSUS FORECAST
NWL: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 18.4 22.8 xxx
DPS (cps) xxx 14.7 17.8 xxx
EPS Growth xxx 24.0% 23.9% xxx
DPS Growth xxx 21.5% 21.4% xxx
PE Ratio xxx N/A 61.5 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 80.0% 78.4% xxx

Dividend yield today if purchased 3 years ago: 2.19%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.05

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 22/02 - 9.06c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

18/02/2021

3

Neutral

$16.95

20.21%

After a 'solid' first half result, Citi expects earnings (EBITDA) margins to decline in the second half as Netwealth Group continues to
invest in the platform and revenue growth slows.

The result highlighted to the broker the various revenue levers (trading, foreign exchange, manager fees etc.) and operating leverage within the business.

Citi calculates it has been a strong start to the year given January is typically a slow month and continues to see the FY21 guidance of $8.5bn to $9.0bn of net flows as conservative.

Neutral rating. Target rises to $16.95 from $16.10. 

FORECAST
Citi forecasts a full year FY21 dividend of 18.10 cents and EPS of 22.80 cents.
Citi forecasts a full year FY22 dividend of 21.70 cents and EPS of 27.20 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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NWL STOCK CHART