Netwealth Group Future Growth
Future criteria checks 5/6
Netwealth Group is forecast to grow earnings and revenue by 22.5% and 12.9% per annum respectively. EPS is expected to grow by 22.5% per annum. Return on equity is forecast to be 74.4% in 3 years.
Key information
22.5%
Earnings growth rate
22.47%
EPS growth rate
| Capital Markets earnings growth | 7.4% |
| Revenue growth rate | 12.9% |
| Future return on equity | 74.38% |
| Analyst coverage | Good |
| Last updated | 09 Sep 2026 |
Recent future growth updates
Recent updates
Narrative Update • Aug 17
NWL: Expanded Wealth Partnership Will Still Cap Returns At Elevated P/E
Analysts have lifted their price target for Netwealth Group by roughly A$0.86 per share. This reflects updated assumptions for higher revenue growth and a higher future P/E multiple, partly offset by lower modelled profit margins and a slightly higher discount rate.Narrative Update • Jun 23
NWL: Rich Dividend And Index Removal Will Still Cap Future Returns
Analysts have nudged their price target on Netwealth Group slightly higher to A$17.86, with updated assumptions pointing to a modestly higher revenue growth outlook, a slightly wider profit margin, a marginally higher discount rate, and a slightly lower future P/E multiple. What's in the News No recent Netwealth Group specific news items, periodical coverage, or key developments were provided in the available sources.
Narrative Update • Jun 08
NWL: Index Inclusion Will Support Future Earnings Multiple Expansion Despite Slight Fair Value Trim
Analysts have reduced their price target for Netwealth Group from A$30.98 to A$27.12, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News No recent news items, periodical coverage or key developments were identified for Netwealth Group based on the available sources.Narrative Update • May 25
NWL: Index Removal And Rich Dividend Will Still Cap Long Term Returns
Analysts have maintained their price target for Netwealth Group at A$17.86, citing refreshed assumptions for revenue growth, profit margins and future P/E that leave their fair value estimate effectively unchanged in headline terms but supported by slightly updated model inputs. What's in the News Netwealth Group Limited (ASX:NWL) dropped from the S&P/ASX 100 Index, which may affect how some index and benchmark-aware funds hold the stock (Key Developments).Narrative Update • May 01
NWL: Rich Interim Dividend Will Still Limit Long Term Share Returns
Analysts have modestly trimmed their price target for Netwealth Group to A$17.86 from A$18.20. This reflects slightly lower revenue growth and a marginally higher discount rate, partly offset by a small uplift in forecast profit margin and a lower future P/E multiple.
Narrative Update • Apr 17
NWL: Index Reclassification And Rising Dividend Will Support Future Upside
Analysts have kept their A$35.30 price target for Netwealth Group unchanged, reflecting only small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions rather than a shift in their overall view. What's in the News Netwealth Group Limited was dropped from the S&P/ASX 100 Index, which can influence how some index and benchmark aware investors gain exposure to the stock (Key Developments).Narrative Update • Apr 02
NWL: Index Moves And Higher Assumed P/E Will Support Future Upside
Analysts have nudged their price target on Netwealth Group higher to A$35.30, with the shift linked to slightly updated assumptions around revenue growth, profit margins, the discount rate and expected future P/E multiples. What's in the News Netwealth Group Limited was dropped from the S&P/ASX 100 Index, which may influence how some index and benchmark aware investors gain exposure to the stock (Key Developments).Narrative Update • Mar 19
NWL: Rich Interim Dividend Will Still Restrict Long Term Share Upside
Analysts have trimmed their price target for Netwealth Group slightly, to A$18.20 from about A$18.30, reflecting updated assumptions on revenue growth, profit margins and a modestly lower future P/E multiple. What's in the News The board declared a fully franked interim dividend of A$0.21 per share for the first half ended 31 December 2025, compared with a prior level that was A$0.035 lower per share, described as 20% higher than the prior corresponding period (Key Developments).Narrative Update • Mar 05
NWL: Higher Dividend And Margin Forecasts Will Still Constrain Long Term Upside
Analysts have lifted their price target for Netwealth Group from A$17.51 to A$18.30, reflecting updated views on fair value, discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News The board declared a fully franked interim dividend of A$0.21 per share for the half year ended 31 December 2025.Narrative Update • Feb 19
NWL: Higher Margins And Lower P/E Will Support Future Upside
Analysts have reduced their price target on Netwealth Group from A$41.50 to A$35.30, reflecting updated assumptions around slightly higher discount rates, more moderate revenue growth, firmer profit margins and a lower future P/E multiple. Valuation Changes Fair Value: reduced from A$41.50 to A$35.30.Narrative Update • Feb 05
NWL: Lower Future P/E Multiple Will Limit Long Term Upside Potential
Analysts have trimmed their fair value estimate for Netwealth Group from A$18.70 to A$17.51, with updated assumptions reflecting a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a reduced future P/E multiple. Valuation Changes Fair Value: Trimmed from A$18.70 to A$17.51, a small reduction in the assessed long term value per share.Narrative Update • Jan 22
NWL: Index Inclusion Will Support Future Earnings Multiple Expansion Despite Slight Fair Value Trim
Analysts have trimmed their price target for Netwealth Group slightly to A$30.98 from A$31.50, reflecting modest adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly from A$31.50 to A$30.98 per share.Narrative Update • Jan 07
NWL: Higher Discount Rate And Lower Future P/E Will Pressure Upside Potential
Analysts have trimmed their fair value estimate for Netwealth Group from A$19.73 to A$18.70, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value Estimate was trimmed from A$19.73 to A$18.70, representing a small reduction in the assessed share valuation.Narrative Update • Dec 19
NWL: Index Inclusion Will Support Future Earnings Multiple Expansion And Margin Stability
Analysts have trimmed their price target on Netwealth Group by approximately A$0.56 per share, reflecting slightly lower assumptions for fair value, growth, and profitability, while still anticipating robust long term earnings expansion. Valuation Changes Fair Value Estimate has fallen slightly from A$32.06 to A$31.50 per share.Narrative Update • Dec 05
NWL: Index Inclusion Will Support Future Earnings Multiple Expansion And Margin Stability
Analysts have modestly raised their price target for Netwealth Group to approximately A$32.06 from A$31.41, citing slightly higher long term growth expectations and an increased future earnings multiple despite a marginally higher discount rate. What's in the News Netwealth Group Limited (ASX:NWL) has been added to the S&P/ASX 100 Index, highlighting its increased market significance and scale (Index Constituent Adds).Narrative Update • Nov 21
NWL: Recent Index Inclusion Will Support Margin Stability And Solidify Outlook
Analysts have modestly reduced their price target for Netwealth Group, lowering it from $32.27 to $31.41. They cite slight adjustments to growth and profitability forecasts as the reason for this change.Narrative Update • Nov 06
NWL: Future Performance Will Reflect Stable Margins And Consistent Revenue Trends
Analysts have slightly increased their price target for Netwealth Group to $32.27. They cite stable revenue growth and consistent profit margins as key drivers of their updated outlook.Narrative Update • Oct 23
Analyst Adjust Price Target for Netwealth Group as Valuation Changes Follow Index Inclusion
Analysts have slightly lowered their price target for Netwealth Group to $32.27 from $32.48. This reflects minor adjustments to forecasts in response to updated growth and profitability expectations.Narrative Update • Oct 09
Digital Platform Investments And Scalable Technology Will Redefine Financial Services
Analysts have slightly reduced their price target for Netwealth Group to $32.48 from $32.98. This change reflects modest adjustments to the discount rate and long-term profitability forecasts.Analysis Article • Sep 15
If EPS Growth Is Important To You, Netwealth Group (ASX:NWL) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Aug 27
Acquisitions Like Xeppo And Flux Could Strain Margins But Broaden Services
Despite a notable reduction in consensus revenue growth forecasts, a slight decrease in Netwealth Group’s future P/E suggests improving valuation efficiency, supporting a minor increase in the analyst price target from A$31.99 to A$32.98. What's in the News Netwealth Group announced an ordinary fully franked final dividend of AUD 0.21 per share for the six months ended June 30, 2025, payable on September 25, 2025.Analysis Article • Aug 13
Netwealth Group Limited's (ASX:NWL) Popularity With Investors Is Clear
ASX:NWL 1 Year Share Price vs Fair Value Explore Netwealth Group's Fair Values from the Community and select yours With...Analysis Article • May 04
There's Reason For Concern Over Netwealth Group Limited's (ASX:NWL) Massive 26% Price Jump
Those holding Netwealth Group Limited ( ASX:NWL ) shares would be relieved that the share price has rebounded 26% in...Analysis Article • May 01
With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
New Narrative • Feb 23
Acquisitions Like Xeppo And Flux Could Strain Margins But Broaden Services
Expansion into emerging markets and non-traditional platforms could increase acquisition costs and compress margins, impacting earnings.Analysis Article • Jan 31
Investors Still Waiting For A Pull Back In Netwealth Group Limited (ASX:NWL)
With a price-to-sales (or "P/S") ratio of 30.3x Netwealth Group Limited ( ASX:NWL ) may be sending very bearish signals...Analysis Article • Dec 19
Does Netwealth Group (ASX:NWL) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Oct 17
Netwealth Group Limited (ASX:NWL) Not Flying Under The Radar
Netwealth Group Limited's ( ASX:NWL ) price-to-sales (or "P/S") ratio of 27x might make it look like a strong sell...Analysis Article • Sep 04
Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Aug 14
The Netwealth Group Limited (ASX:NWL) Yearly Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that Netwealth Group Limited ( ASX:NWL ) filed its full-year result this time last...Analysis Article • May 22
Here's Why We Think Netwealth Group (ASX:NWL) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • May 01
Getting In Cheap On Netwealth Group Limited (ASX:NWL) Might Be Difficult
When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 19x, you may consider...Analysis Article • Feb 03
We Ran A Stock Scan For Earnings Growth And Netwealth Group (ASX:NWL) Passed With Ease
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Oct 13
With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 18
Netwealth Group (ASX:NWL) Has Announced That It Will Be Increasing Its Dividend To A$0.13
Netwealth Group Limited ( ASX:NWL ) will increase its dividend from last year's comparable payment on the 21st of...Analysis Article • Jun 15
With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Mar 15
Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Oct 14
Is Now The Time To Put Netwealth Group (ASX:NWL) On Your Watchlist?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Analysis Article • Jul 08
Here's Why I Think Netwealth Group (ASX:NWL) Is An Interesting Stock
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Analysis Article • Apr 01
Three Things You Should Check Before Buying Netwealth Group Limited (ASX:NWL) For Its Dividend
Is Netwealth Group Limited ( ASX:NWL ) a good dividend stock? How can we tell? Dividend paying companies with growing...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2029 | 603 | 200 | 194 | 223 | 14 |
| 6/30/2028 | 522 | 170 | 164 | 187 | 14 |
| 6/30/2027 | 451 | 143 | 130 | 151 | 14 |
| 6/30/2026 | 390 | 61 | 46 | 60 | N/A |
| 3/31/2026 | 376 | 59 | 89 | 100 | N/A |
| 12/31/2025 | 361 | 57 | 132 | 141 | N/A |
| 9/30/2025 | 343 | 87 | 125 | 134 | N/A |
| 6/30/2025 | 324 | 117 | 119 | 127 | N/A |
| 3/31/2025 | 306 | 109 | 107 | 113 | N/A |
| 12/31/2024 | 287 | 102 | 94 | 100 | N/A |
| 9/30/2024 | 271 | 93 | 90 | 95 | N/A |
| 6/30/2024 | 255 | 83 | 85 | 90 | N/A |
| 3/31/2024 | 245 | 80 | 81 | 86 | N/A |
| 12/31/2023 | 235 | 76 | 77 | 82 | N/A |
| 9/30/2023 | 225 | 71 | 75 | 81 | N/A |
| 6/30/2023 | 215 | 67 | 74 | 79 | N/A |
| 3/31/2023 | 204 | 63 | 68 | 73 | N/A |
| 12/31/2022 | 193 | 59 | 63 | 66 | N/A |
| 9/30/2022 | 185 | 57 | 60 | 63 | N/A |
| 6/30/2022 | 177 | 56 | 57 | 60 | N/A |
| 3/31/2022 | 168 | 55 | 52 | 55 | N/A |
| 12/31/2021 | 159 | 54 | 48 | 51 | N/A |
| 9/30/2021 | 152 | 54 | 42 | 44 | N/A |
| 6/30/2021 | 145 | 54 | 37 | 38 | N/A |
| 3/31/2021 | 141 | 52 | 41 | 42 | N/A |
| 12/31/2020 | 138 | 51 | 45 | 46 | N/A |
| 9/30/2020 | 131 | 47 | 52 | 53 | N/A |
| 6/30/2020 | 124 | 44 | 58 | 59 | N/A |
| 12/31/2019 | 109 | 39 | N/A | 54 | N/A |
| 9/30/2019 | 104 | 37 | N/A | 48 | N/A |
| 6/30/2019 | 99 | 35 | N/A | 41 | N/A |
| 12/31/2018 | 91 | 30 | N/A | 33 | N/A |
| 9/30/2018 | 87 | 25 | N/A | 26 | N/A |
| 6/30/2018 | 83 | 20 | N/A | 18 | N/A |
| 12/31/2017 | 73 | 13 | N/A | 6 | N/A |
| 9/30/2017 | 67 | 15 | N/A | 9 | N/A |
| 6/30/2017 | 61 | 16 | N/A | 13 | N/A |
| 6/30/2016 | 49 | 14 | N/A | 10 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NWL's forecast earnings growth (22.5% per year) is above the savings rate (3.8%).
Earnings vs Market: NWL's earnings (22.5% per year) are forecast to grow faster than the Australian market (11.2% per year).
High Growth Earnings: NWL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NWL's revenue (12.9% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: NWL's revenue (12.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NWL's Return on Equity is forecast to be very high in 3 years time (74.4%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 08:42 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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 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
Netwealth Group Limited is covered by 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Hayden Nicholson | Bell Potter |
| Freya Kong | BofA Global Research |