Netwealth Group (NWL) Stock Overview

A financial services company, engages in the wealth management business in Australia. More details

NWL fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	3/6
Financial Health	6/6
Dividends	1/6

Rewards

Earnings are forecast to grow 26.43% per year

Risk Analysis

Profit margins (15.7%) are lower than last year (35.4%)

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Netwealth Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Netwealth Group
Historical stock prices
Current Share Price	AU$21.95
52 Week High	AU$38.30
52 Week Low	AU$19.81
Beta	1.09
1 Month Change	8.29%
3 Month Change	-8.85%
1 Year Change	-39.71%
3 Year Change	44.31%
5 Year Change	44.60%
Change since IPO	310.66%

Recent updates

Shareholder Returns

	NWL	AU Capital Markets	AU Market
7D	-6.1%	-0.9%	-0.3%
1Y	-39.7%	-1.9%	0.05%

Return vs Industry: NWL underperformed the Australian Capital Markets industry which returned -1.9% over the past year.

Return vs Market: NWL underperformed the Australian Market which returned 0.1% over the past year.

Price Volatility

Is NWL's price volatile compared to industry and market?
NWL volatility
NWL Average Weekly Movement	5.4%
Capital Markets Industry Average Movement	4.9%
Market Average Movement	9.6%
10% most volatile stocks in AU Market	16.6%
10% least volatile stocks in AU Market	3.8%

Stable Share Price: NWL has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: NWL's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	791	Matt Heine	www.netwealth.com.au

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. The company operates a platform that offers superannuation, including accumulation and retirement income products; investor directed portfolio services for self-managed superannuation and non-superannuation investments; managed accounts and funds, self-managed superannuation funds administration; and non-custodial administration and reporting services. It also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, annuities, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions.

Netwealth Group Limited Fundamentals Summary

How do Netwealth Group's earnings and revenue compare to its market cap?
NWL fundamental statistics
Market cap	AU$5.37b
Earnings (TTM)	AU$56.76m
Revenue (TTM)	AU$361.38m

94.6x

P/E Ratio

14.9x

P/S Ratio

Is NWL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NWL income statement (TTM)
Revenue	AU$361.38m
Cost of Revenue	AU$121.60m
Gross Profit	AU$239.79m
Other Expenses	AU$183.03m
Earnings	AU$56.76m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 26, 2026

Earnings per share (EPS)	0.23
Gross Margin	66.35%
Net Profit Margin	15.71%
Debt/Equity Ratio	0%

How did NWL perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

181%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/23 21:15
End of Day Share Price	2026/07/23 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Netwealth Group Limited is covered by 28 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
Benjamin Brayshaw	Barrenjoey Markets Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Hayden Nicholson	Bell Potter

Netwealth Group (NWL) Stock Overview

Rewards

Risk Analysis

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Netwealth Group Limited Competitors

Pinnacle Investment Management Group

GQG Partners

Argo Investments

MFF Capital Investments

Price History & Performance

Recent News & Updates

Now 21% overvalued

Netwealth Group Limited to Report Fiscal Year 2026 Results on Aug 26, 2026

Netwealth Group Limited to Report First Half, 2026 Results on Feb 18, 2026

Netwealth Group Limited, Annual General Meeting, Nov 12, 2025

Final dividend of AU$0.21 announced

Full year 2025 earnings released: EPS: AU$0.48 (vs AU$0.34 in FY 2024)

Recent updates

Now 21% overvalued

Netwealth Group Limited to Report Fiscal Year 2026 Results on Aug 26, 2026

Netwealth Group Limited to Report First Half, 2026 Results on Feb 18, 2026

Netwealth Group Limited, Annual General Meeting, Nov 12, 2025

Final dividend of AU$0.21 announced

Full year 2025 earnings released: EPS: AU$0.48 (vs AU$0.34 in FY 2024)

Netwealth Group Limited Announces Ordinary Fully Franked Final Dividend for the Six Months Ended June 30, 2025, Payable on September 25, 2025

Netwealth Group Limited Appoints Michael Wachtel to the Board as an Independent Non-Executive Director and Future Chair

Insufficient new directors

Netwealth Group Limited Announces CFO Changes

Insufficient new directors

Netwealth Group Limited to Report First Half, 2025 Results on Feb 20, 2025

Non Executive Director recently sold AU$30m worth of stock

Independent Non-Executive Director recently sold AU$500k worth of stock

Final dividend of AU$0.14 announced

New minor risk - Shareholder dilution

Full year 2024 earnings released: EPS: AU$0.34 (vs AU$0.28 in FY 2023)

Executive Director recently sold AU$30m worth of stock

Insufficient new directors

Upcoming dividend of AU$0.14 per share

First half dividend of AU$0.14 announced

First half 2024 earnings released: EPS: AU$0.16 (vs AU$0.13 in 1H 2023)

Netwealth Group Limited to Report Q2, 2024 Results on Feb 20, 2024

Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.23 in FY 2022)

First half 2023 earnings released: EPS: AU$0.13 (vs AU$0.11 in 1H 2022)

Netwealth Group Limited Announces Distribution for the Six Months Ended December 31, 2022, Payable on March 24, 2023

Netwealth Group Limited to Report First Half, 2023 Results on Feb 15, 2023

Full year 2022 earnings released: EPS: AU$0.23 (vs AU$0.23 in FY 2021)

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Independent Non-Executive Director recently sold AU$500k worth of stock

Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.18 in FY 2020)

Independent Non-Executive Director recently bought AU$126k worth of stock

Investor sentiment deteriorated over the past week

New 90-day low: AU$14.01

Investor sentiment deteriorated over the past week

First half 2021 earnings released: EPS AU$0.12 (vs AU$0.086 in 1H 2020)

Revenue beats expectations

Independent Non-Executive Chairperson has left the company

New 90-day high: AU$18.45

New 90-day low: AU$15.63

New 90-day high: AU$18.40

New 90-day high: AU$15.38

Shareholder Returns

Price Volatility

About the Company

Netwealth Group Limited Fundamentals Summary

Earnings & Revenue

Dividends

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources