Netwealth Group Limited

CHIA:NWL Stock Report

Market Cap: AU$6.7b

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.

Discounted Cash Flow
Simply Wall St
AU$14.25
Fair Value
93.4% overvalued intrinsic discount
16
Number of Analysts

Below Fair Value: NWL (A$27.56) is trading above our estimate of fair value (A$14.25)

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 Ratio66.3x
EarningsAU$101.67m
Market CapAU$6.75b

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 Average23.8x
GQG GQG Partners
9.8x1.7%AU$6.5b
ARG Argo Investments
26.5xn/aAU$6.6b
PNI Pinnacle Investment Management Group
29.3x11.1%AU$4.0b
AFI Australian Foundation Investment
29.7xn/aAU$8.9b
NWL Netwealth Group
66.3x15.0%AU$6.7b

Price-To-Earnings vs Peers: NWL is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PAC Pacific Current Group
1.7x-67.1%US$213.99m
BPH BPH Energy
1xn/aUS$7.80m
KBC Keybridge Capital
1.4xn/aUS$6.46m
DWY Dawney & Co
2.5xn/aUS$2.81m
NWL 66.3xIndustry Avg. 14.4xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NWL is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the Australian Capital Markets industry average (14.5x).

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 Ratio66.3x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: NWL is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

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$27.56
AU$26.53
-3.7%
21.4%AU$35.70AU$12.30n/a16
Apr ’26AU$25.75
AU$28.53
+10.8%
21.7%AU$36.80AU$12.00n/a17
Mar ’26AU$30.02
AU$28.53
-5.0%
21.7%AU$36.80AU$12.00n/a17
Feb ’26AU$31.57
AU$26.91
-14.8%
22.0%AU$34.30AU$11.50n/a17
Jan ’26AU$28.58
AU$24.06
-15.8%
22.7%AU$32.60AU$11.50n/a17
Dec ’25AU$30.70
AU$23.79
-22.5%
22.6%AU$30.80AU$11.50n/a17
Nov ’25AU$28.03
AU$23.26
-17.0%
21.6%AU$30.80AU$11.50n/a17
Oct ’25AU$24.88
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$23.85
AU$19.66
-17.6%
20.8%AU$24.70AU$10.80n/a16
Jul ’25AU$21.62
AU$18.50
-14.4%
18.6%AU$23.13AU$10.80n/a16
Jun ’25AU$20.83
AU$18.48
-11.3%
19.0%AU$23.13AU$10.80n/a15
May ’25AU$19.29
AU$18.41
-4.5%
19.1%AU$23.13AU$10.80n/a15
Apr ’25AU$21.07
AU$17.47
-17.1%
19.6%AU$23.13AU$10.60AU$25.7515
Mar ’25AU$19.39
AU$17.54
-9.5%
19.7%AU$23.13AU$10.60AU$30.0215
Feb ’25AU$16.61
AU$15.86
-4.5%
18.4%AU$23.03AU$10.10AU$31.5715
Jan ’25AU$15.47
AU$13.86
-10.4%
12.1%AU$16.20AU$10.10AU$28.5813
Dec ’24AU$14.72
AU$13.59
-7.7%
13.9%AU$16.20AU$10.10AU$30.7014
Nov ’24AU$12.95
AU$13.56
+4.7%
13.7%AU$16.20AU$10.10AU$28.0314
Oct ’24AU$15.14
AU$13.95
-7.9%
14.5%AU$16.40AU$10.10AU$24.8814
Sep ’24AU$15.13
AU$13.95
-7.8%
14.0%AU$16.40AU$10.10AU$22.5215
Aug ’24AU$14.90
AU$13.38
-10.2%
16.2%AU$16.50AU$9.60AU$23.8515
Jul ’24AU$13.86
AU$13.21
-4.7%
13.5%AU$16.50AU$9.60AU$21.6214
Jun ’24AU$12.78
AU$13.21
+3.4%
13.5%AU$16.50AU$9.60AU$20.8314
May ’24AU$13.61
AU$13.45
-1.2%
12.0%AU$16.50AU$9.60AU$19.2913
Apr ’24AU$13.54
AU$14.05
+3.7%
13.7%AU$17.00AU$9.60AU$21.0713
AnalystConsensusTarget
Consensus Narrative from 16 Analysts
AU$26.55
Fair Value
3.8% overvalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/29 04:26
End of Day Share Price 2025/04/29 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

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

Netwealth Group Limited is covered by 27 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited