GQG Partners Inc.

CHIA:GQG Stock Report

Market Cap: AU$6.5b

GQG Partners Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 GQG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GQG (A$2.22) is trading below our estimate of fair value (A$6.57)

Significantly Below Fair Value: GQG is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GQG. This is calculated by dividing GQG's market cap by their current earnings.
What is GQG's PE Ratio?
PE Ratio12.1x
EarningsUS$350.03m
Market CapUS$4.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GQG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.6x
NWL Netwealth Group
87.4x16.5%AU$7.3b
ARG Argo Investments
27.1xn/aAU$6.9b
PNI Pinnacle Investment Management Group
56.2x17.4%AU$5.1b
AFI Australian Foundation Investment
31.7xn/aAU$9.4b
GQG GQG Partners
12.1x10.2%AU$6.5b

Price-To-Earnings vs Peers: GQG is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (50.6x).

Price to Earnings Ratio vs Industry

How does GQG'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$862.06k
PEQA Pritchard Equity
2.7xn/aUS$861.02k
No more companies available in this PE range
GQG 12.1xIndustry Avg. 20.0xNo. of Companies8PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GQG is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is GQG'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.

GQG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: GQG is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

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 GQG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.22
AU$3.16
+42.3%
15.4%AU$3.89AU$2.47n/a9
Nov ’25AU$2.69
AU$3.27
+21.6%
11.0%AU$3.83AU$2.58n/a9
Oct ’25AU$2.77
AU$3.16
+13.9%
11.6%AU$3.82AU$2.46n/a9
Sep ’25AU$2.75
AU$3.20
+16.4%
11.3%AU$3.80AU$2.50n/a9
Aug ’25AU$2.98
AU$3.11
+4.4%
12.2%AU$3.78AU$2.41n/a9
Jul ’25AU$2.81
AU$2.72
-3.0%
8.5%AU$3.16AU$2.35n/a9
Jun ’25AU$2.56
AU$2.67
+4.4%
9.2%AU$3.00AU$2.10n/a9
May ’25AU$2.30
AU$2.64
+14.8%
9.1%AU$2.98AU$2.13n/a9
Apr ’25AU$2.23
AU$2.51
+12.4%
6.8%AU$2.75AU$2.15n/a9
Mar ’25AU$2.26
AU$2.49
+10.3%
6.3%AU$2.70AU$2.15n/a9
Feb ’25AU$1.86
AU$2.22
+19.8%
7.8%AU$2.49AU$1.95n/a7
Jan ’25AU$1.71
AU$2.03
+19.3%
9.3%AU$2.31AU$1.78n/a6
Dec ’24AU$1.47
AU$2.05
+39.8%
7.9%AU$2.33AU$1.83n/a6
Nov ’24AU$1.29
AU$2.15
+67.3%
7.7%AU$2.39AU$1.90AU$2.696
Oct ’24AU$1.38
AU$2.17
+57.1%
6.5%AU$2.37AU$1.99AU$2.776
Sep ’24AU$1.54
AU$2.16
+40.1%
6.7%AU$2.38AU$1.98AU$2.756
Aug ’24AU$1.61
AU$2.05
+27.6%
7.5%AU$2.28AU$1.88AU$2.986
Jul ’24AU$1.40
AU$1.97
+40.9%
10.2%AU$2.23AU$1.53AU$2.818
Jun ’24AU$1.29
AU$2.02
+57.0%
10.6%AU$2.29AU$1.57AU$2.568
May ’24AU$1.42
AU$2.00
+41.2%
10.1%AU$2.25AU$1.55AU$2.308
Apr ’24AU$1.32
AU$2.04
+54.4%
7.7%AU$2.24AU$1.79AU$2.238
Mar ’24AU$1.52
AU$2.02
+33.2%
7.6%AU$2.21AU$1.77AU$2.268
Feb ’24AU$1.54
AU$1.90
+23.5%
10.6%AU$2.15AU$1.47AU$1.868
Jan ’24AU$1.39
AU$1.95
+40.1%
10.2%AU$2.22AU$1.55AU$1.718
Dec ’23AU$1.51
AU$1.95
+29.0%
9.3%AU$2.15AU$1.57AU$1.478
Nov ’23AU$1.44
AU$2.04
+41.6%
12.9%AU$2.39AU$1.52AU$1.297

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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