Netwealth Group Limited
NWL.AXTechnologyASXSoftware - Application
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Daily timeframeNetwealth Group Limited, a financial services company, engages in the wealth management business in Australia. With a market capitalization of $5.43B, it sits in mid-cap territory. 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.
Market Cap
$5.43B
Beta
1.07
P/E (TTM)
96.26
P/E (Fwd)
36.46
EPS (TTM)
$0.23
EPS (Fwd)
$0.61
ROE
34.6%
ROA
41.8%
Cash
$183.4M
Total Debt
$12.5M
Free CF
$189.4M
52W Change
-32.8%
Annual Financials
Cash vs Debt
With $183.4M in cash and $12.5M in debt, NWL.AX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $189.4M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 34.6% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 41.8% further supports the picture of efficient asset utilization. Revenue has grown from $166.7M (2022) to $312.3M (2025), reflecting a 87% increase over the period.
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. No single metric tells the full story. Reviewing NWL.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.