Netwealth Group Limited

ASX:NWL Stock Report

Market Cap: AU$7.2b

Netwealth Group Valuation

Is NWL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NWL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NWL (A$29.58) is trading above our estimate of fair value (A$14.08)

Significantly Below Fair Value: NWL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NWL?

Key metric: As NWL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NWL. This is calculated by dividing NWL's market cap by their current earnings.
What is NWL's PE Ratio?
PE Ratio86.7x
EarningsAU$83.37m
Market CapAU$7.22b

Price to Earnings Ratio vs Peers

How does NWL's PE Ratio compare to its peers?

The above table shows the PE ratio for NWL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.7x
GQG GQG Partners
11.7x10.2%AU$7.8b
ARG Argo Investments
27.1xn/aAU$6.9b
AFI Australian Foundation Investment
31.6xn/aAU$9.4b
PNI Pinnacle Investment Management Group
48.5x16.8%AU$4.3b
NWL Netwealth Group
86.7x16.5%AU$7.2b

Price-To-Earnings vs Peers: NWL is expensive based on its Price-To-Earnings Ratio (86.7x) compared to the peer average (29.7x).

Price to Earnings Ratio vs Industry

How does NWL's PE Ratio compare vs other companies in the AU Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
0.6xn/aUS$1.22m
QUE Queste Communications
0.8xn/aUS$862.51k
PEQA Pritchard Equity
2.7xn/aUS$861.02k
No more companies available in this PE range
NWL 86.7xIndustry Avg. 20.0xNo. of Companies7PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NWL is expensive based on its Price-To-Earnings Ratio (86.7x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is NWL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NWL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio86.7x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: NWL is expensive based on its Price-To-Earnings Ratio (86.7x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NWL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$29.58
AU$23.49
-20.6%
21.9%AU$30.80AU$11.50n/a17
Nov ’25AU$27.97
AU$23.26
-16.8%
21.6%AU$30.80AU$11.50n/a17
Oct ’25AU$24.86
AU$20.07
-19.3%
18.5%AU$24.50AU$10.80n/a17
Sep ’25AU$22.52
AU$19.83
-11.9%
18.6%AU$24.50AU$10.80n/a16
Aug ’25AU$23.74
AU$19.66
-17.2%
20.8%AU$24.70AU$10.80n/a16
Jul ’25AU$21.61
AU$18.50
-14.4%
18.6%AU$23.13AU$10.80n/a16
Jun ’25AU$21.05
AU$18.48
-12.2%
19.0%AU$23.13AU$10.80n/a15
May ’25AU$19.27
AU$18.41
-4.4%
19.1%AU$23.13AU$10.80n/a15
Apr ’25AU$21.12
AU$17.47
-17.3%
19.6%AU$23.13AU$10.60n/a15
Mar ’25AU$19.41
AU$17.54
-9.6%
19.7%AU$23.13AU$10.60n/a15
Feb ’25AU$16.63
AU$15.86
-4.6%
18.4%AU$23.03AU$10.10n/a15
Jan ’25AU$15.40
AU$13.86
-10.0%
12.1%AU$16.20AU$10.10n/a13
Dec ’24AU$14.71
AU$13.59
-7.6%
13.9%AU$16.20AU$10.10n/a14
Nov ’24AU$12.92
AU$13.56
+4.9%
13.7%AU$16.20AU$10.10AU$27.9714
Oct ’24AU$15.10
AU$13.95
-7.6%
14.5%AU$16.40AU$10.10AU$24.8614
Sep ’24AU$15.12
AU$13.95
-7.7%
14.0%AU$16.40AU$10.10AU$22.5215
Aug ’24AU$14.94
AU$13.38
-10.4%
16.2%AU$16.50AU$9.60AU$23.7415
Jul ’24AU$13.84
AU$13.21
-4.5%
13.5%AU$16.50AU$9.60AU$21.6114
Jun ’24AU$12.75
AU$13.21
+3.6%
13.5%AU$16.50AU$9.60AU$21.0514
May ’24AU$13.55
AU$13.45
-0.7%
12.0%AU$16.50AU$9.60AU$19.2713
Apr ’24AU$13.52
AU$14.05
+3.9%
13.7%AU$17.00AU$9.60AU$21.1213
Mar ’24AU$13.23
AU$14.02
+6.0%
13.5%AU$17.00AU$9.60AU$19.4113
Feb ’24AU$13.50
AU$13.75
+1.9%
14.9%AU$17.00AU$9.00AU$16.6313
Jan ’24AU$12.10
AU$13.92
+15.0%
15.0%AU$17.00AU$9.00AU$15.4012
Dec ’23AU$14.10
AU$13.92
-1.3%
15.0%AU$17.00AU$9.00AU$14.7112
Nov ’23AU$12.40
AU$13.64
+10.0%
14.3%AU$16.70AU$9.00AU$12.9211

Analyst Forecast: Target price is lower than the current share price.

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