Netwealth Group Limited (NWL) - Research

$8.890 0.07 (0.79%)

NWL General Information +

ASX Code NWL
Website http://www.netwealth.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 2,112
Current Price $8.890
Day High $8.970
Day Low $8.790
Last Close $8.820
Price Movement $0.07 ( 0.79% )
Prices as at 10:40, 19 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

NWL Company Overview

Business Description

Netwealth Group Limited (NWL) is a technology Company that offers superannuation and non-superannuation Platform products that provide innovative portfolio administration, investment management tools, investment and managed account solutions, primarily to Financial Intermediaries and clients.

NWL Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 46.49 19.56 27.00% 45.09 14.00 1.59% 100.0%
2019 F 36.61 15.40 23.20% 57.27 11.00 1.25% 100.0%
2018 A 29.05 12.50 61.40% 56.11 9.15 1.30% 100.0%

NWL Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Magellan Financial Group (MFG) $8,566M 0.3568 0.2415 0.0692 31.2448 25.1665 23.5377 2.78% 3.57% 3.81%
Netwealth Group (NWL) $2,134M 0.0000 0.7077 0.3340 106.2722 62.2315 46.6494 0.60% 1.27% 1.70%
Pendal Group (PDL) $2,290M 0.1207 -0.2807 0.1109 9.9903 13.8889 12.5022 7.22% 6.35% 6.81%
Perpetual (PPT) $1,909M 0.0416 -0.1584 0.0077 13.3490 15.8610 15.7397 6.71% 6.05% 6.05%
Platinum Asset Mgmt (PTM) $2,664M 0.0325 -0.1593 0.0635 13.8541 16.4791 15.4949 7.05% 5.95% 6.22%

NWL Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.46 62.00 31.10 1.22
Market 0.63 14.80 1.17 0.97
Sector 0.90 12.90 1.03 1.65

NWL Directors

Name Position Start Date
Mr Matthew (Matt) Alexander Max Heine Joint Managing Director 30 Jun 2017
Mr Michael Max Heine Joint Managing Director 30 Jun 2017
Ms Jane Tongs Non-Executive Chairman, Non-Executive Director 30 Jun 2017
Mr Davyd Lewis Non-Executive Director 30 Jun 2017
Mr Timothy Michael Antonie Non-Executive Director 30 Jun 2017

NWL Management

Name Position
Grant Boyle Chief Financial Officer,Joint Company Secretary
John Hanrahan Chief Information Officer
Rachel Axton General Manager - Legal, Risk and Compliance,Joint Company Secretary
Alistair Densley General Manager, Operations
Philip Coldwell General Manager, Product

NWL Substantial Shareholders

Holding Name
125,904,990 (52.97%) Heine Brothers Pty Ltd
27,670,016 (11.64%) HSBC Custody Nominees (Australia) Limited
22,109,465 (9.30%) Leslie Max Heine Pty Ltd
12,633,650 (5.32%) Netwealth Investments Limited

NWL Calendar of Events

Date Event
17 February 2020 Report (Interim)
26 August 2019 Report (Annual)
26 August 2019 Report (Prelim)

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