Navigator Global Investments Limited

ASX:NGI Stock Report

Market Cap: AU$1.3b

Navigator Global Investments Future Growth

Future criteria checks 4/6

Navigator Global Investments is forecast to grow earnings and revenue by 38.3% and 17.9% per annum respectively. EPS is expected to grow by 35.2% per annum. Return on equity is forecast to be 10.6% in 3 years.

Key information

38.3%

Earnings growth rate

35.15%

EPS growth rate

Capital Markets earnings growth8.2%
Revenue growth rate17.9%
Future return on equity10.64%
Analyst coverage

Low

Last updated25 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 11

NGI: Rights Offering And Margin Strength Will Support Future Upside

Analysts have trimmed their fair value estimate for Navigator Global Investments from A$3.42 to A$2.97, citing updated assumptions for revenue growth, profit margins and future P/E multiples that feed into a slightly lower discount rate. What's in the News Navigator Global Investments has filed a follow on equity offering totaling A$144.98 million in ordinary shares.
Narrative Update • May 28

NGI: Rights Offering And Higher Margin Outlook Will Support Future Upside

Analysts have lifted their price target for Navigator Global Investments to A$3.42 from A$3.17, citing updated assumptions around revenue growth, profit margins and a lower future P/E multiple as key drivers of the change. What's in the News Navigator Global Investments filed a follow-on equity offering totaling A$144.98 million in Ordinary Shares of common stock.
Narrative Update • May 11

NGI: Follow On Equity Raise Will Support Future Acquisitive Earnings Diversification

Analysts have raised their price target for Navigator Global Investments to A$3.79 from A$3.70, citing updated assumptions for revenue growth, profit margins and future P/E that modestly increase their assessed fair value while applying a slightly different discount rate. What's in the News Navigator Global Investments filed a follow-on equity offering of A$145 million, with ordinary shares offered at A$2.40 per share under a rights offering structure (Key Developments).
Narrative Update • Apr 23

NGI: Acquisitive Partner Firm Expansion Will Support Future Earnings Mix Upside

Analysts have adjusted their A$ price target for Navigator Global Investments, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E that they see as better aligning the valuation with current company fundamentals. What's in the News Navigator Global Investments is pursuing acquisitive growth, with management looking to add new differentiated Partner Firms that fit its investment criteria and earnings mix (Key Developments).
Narrative Update • Apr 08

NGI: Acquisitive Partner Firm Expansion Will Drive Future Upside Potential

Analysts have trimmed their price target for Navigator Global Investments slightly, from A$3.80 to A$3.70. Updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E have led to a modestly more cautious valuation framework.
Narrative Update • Mar 25

NGI: Acquisitive Expansion Of Partner Firms Will Support Further Share Upside

The analyst price target for Navigator Global Investments has moved slightly from A$3.90 to about A$3.80. Analysts cite updated assumptions for the discount rate, revenue growth, profit margins and future P/E as the key factors behind this adjustment.
Narrative Update • Mar 10

NGI: Higher Margin Outlook And Acquisitions Will Support Richer Future P/E

Analysts have lifted their price target on Navigator Global Investments from A$2.61 to A$3.17, citing updated assumptions around revenue growth, profit margins and future P/E. They state that these assumptions better reflect the company’s earnings profile and risk settings.
Narrative Update • Feb 23

NGI: Higher Revenue Assumptions And P/E Expansion Will Support Future Returns

Analysts have raised their fair value estimate for Navigator Global Investments from A$3.36 to A$3.50, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: Raised slightly from A$3.36 to A$3.50 per share.
Narrative Update • Feb 09

NGI: Higher Future P/E Assumptions Will Support Further Share Upside

Analysts have lifted their price target for Navigator Global Investments from A$3.75 to A$3.90, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E to support the revision. Valuation Changes Fair Value: revised from A$3.75 to A$3.90, a small uplift in the assessed value per share.
Narrative Update • Jan 26

NGI: Higher Revenue Outlook And Richer Future P/E Will Support Upside

Analysts have lifted their price target on Navigator Global Investments, citing updated assumptions that include higher projected revenue growth, a slightly lower discount rate, a reduced profit margin, and a higher future P/E of 14.36x. Together, these factors raise their fair value estimate from A$3.20 to A$3.75.
Narrative Update • Jan 10

NGI: Higher Multiple Will Likely Contract As Margins And P/E Soften

Analysts have trimmed their price target on Navigator Global Investments slightly, citing only modest changes to revenue growth, profit margin and future P/E assumptions as the main reasons for this update. Valuation Changes Fair Value: Unchanged at A$2.61 per share, indicating no adjustment to the central value estimate.
Narrative Update • Dec 26

NGI: Higher Multiple Will Likely Prove Unsustainable Amid Margin Pressure

Analysts have modestly raised their price target on Navigator Global Investments, now seeing upside of roughly $0.22 per share. This reflects stronger expected revenue growth and higher future valuation multiples that more than offset a reduced profit margin outlook.
Narrative Update • Dec 12

NGI: Stronger Revenue Outlook Will Drive Future Equity Returns

Analysts have nudged their price target on Navigator Global Investments slightly higher to reflect modestly stronger revenue growth expectations and a richer future earnings multiple, even though they also anticipate a small compression in profit margins and a marginally higher discount rate. Valuation Changes The fair value estimate has risen slightly from A$3.34 to A$3.36 per share, reflecting a modest uplift in intrinsic valuation.
Narrative Update • Nov 28

NGI: Higher Projected Margins Will Drive Future Equity Returns

Navigator Global Investments’ analyst price target has been slightly revised downward from $3.34 to $3.34, reflecting analysts’ modest adjustments to growth and profit expectations. Valuation Changes The Fair Value estimate was adjusted slightly, remaining at A$3.34.
Narrative Update • Nov 14

NGI: Stronger Projected Margins Will Drive Increased Future Equity Returns

Narrative Update on Navigator Global Investments Analysts have raised their price target for Navigator Global Investments from $2.92 to $3.34. This change is attributed to stronger revenue growth projections and a slight improvement in profit margins.
Analysis Article • Nov 04

Navigator Global Investments Limited (ASX:NGI) Shares Fly 33% But Investors Aren't Buying For Growth

Navigator Global Investments Limited ( ASX:NGI ) shares have continued their recent momentum with a 33% gain in the...
Narrative Update • Aug 27

Lighthouse Platform May Add Scale And Diversification In 2025, But Unpredictable Performance Fees Could Affect Earnings

The consensus analyst price target for Navigator Global Investments has increased, primarily driven by a substantial rise in the company's future P/E multiple, resulting in a revised fair value of A$2.92. Valuation Changes Summary of Valuation Changes for Navigator Global Investments The Consensus Analyst Price Target has risen from A$2.75 to A$2.92.
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New Narrative • Feb 07

Alternative Asset Strategies Will Boost Cash Flow, But Margin Pressure May Affect Earnings

Navigator's diversified asset portfolio and introduction of new strategies in commodities and real estate enhance growth opportunities and revenue potential.
Analysis Article • Jan 15

Navigator Global Investments Limited (ASX:NGI) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Navigator Global Investments Limited ( ASX:NGI ) shareholders would be excited to see that the share price has had a...
Analysis Article • Aug 25

Analysts Just Published A Bright New Outlook For Navigator Global Investments Limited's (ASX:NGI)

Navigator Global Investments Limited ( ASX:NGI ) shareholders will have a reason to smile today, with the analysts...
Analysis Article • Jul 21

Here's Why We Think Navigator Global Investments (ASX:NGI) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Nov 10

We Discuss Why Navigator Global Investments Limited's (ASX:NGI) CEO Compensation May Be Closely Reviewed

Navigator Global Investments Limited ( ASX:NGI ) has not performed well recently and CEO Sean McGould will probably...

Earnings and Revenue Growth Forecasts

ASX:NGI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20282661271131294
6/30/2027247114821174
6/30/20262033580834
12/31/202513446106110N/A
9/30/202512883101105N/A
6/30/202512311997100N/A
3/31/20251231228791N/A
12/31/20241231257782N/A
9/30/2024110966470N/A
6/30/202496665158N/A
3/31/202492495259N/A
12/31/202389315260N/A
9/30/202386334149N/A
6/30/202384363038N/A
3/31/202382403845N/A
12/31/202281454752N/A
9/30/202283426771N/A
6/30/202284398790N/A
3/31/202286336365N/A
12/31/202188263941N/A
9/30/202188273738N/A
6/30/202189273436N/A
3/31/202190203032N/A
12/31/202090132629N/A
9/30/202092162832N/A
6/30/202093183034N/A
3/31/202097223336N/A
12/31/2019102263538N/A
9/30/201910426N/A31N/A
6/30/201910727N/A23N/A
3/31/201910228N/A26N/A
12/31/20189828N/A29N/A
9/30/2018918N/A31N/A
6/30/201883-13N/A33N/A
3/31/201880-15N/A32N/A
12/31/201777-18N/A30N/A
9/30/2017750N/A30N/A
6/30/20177318N/A30N/A
12/31/20167118N/A33N/A
9/30/20167116N/A31N/A
6/30/20167115N/A30N/A
12/31/20157014N/A26N/A
9/30/20157075N/A27N/A
6/30/201570135N/A28N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NGI's forecast earnings growth (38.3% per year) is above the savings rate (3.6%).

Earnings vs Market: NGI's earnings (38.3% per year) are forecast to grow faster than the Australian market (12.2% per year).

High Growth Earnings: NGI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NGI's revenue (17.9% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: NGI's revenue (17.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NGI's Return on Equity is forecast to be low in 3 years time (10.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/26 08:49
End of Day Share Price 2026/06/26 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Navigator Global Investments Limited is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
April LowisBarrenjoey Markets Pty Limited
Lindsay BettiolGoldman Sachs