Netwealth’s funds under administration, or FUA, and funds under management grew 15% and 24% year on year. Net FUA flows were 12% of FUA on a yearly basis, from 17% a year ago. The firm lowered its fiscal 2027 FUA net flow guidance to AUD 17 billion-AUD 19 billion, from AUD 18 billion-AUD 20 billion.
Netwealth has only a small percentage of the investment administration market, at around 10%, but has won market share quickly. Significant growth potential remains.
Netwealth operates in a commoditized industry and has fewer funds under administration than many of its competitors. We expect the larger administration platforms to continue improving the functionality of their platforms and compete more aggressively on price.
|
Metric
|
NWL
|
AMP
|
CBA
|
|---|---|---|---|
Price/Earnings (Normalized) | 32.59 | 20.15 | 24.55 |
Price/Book Value | 27.18 | 1.62 | 3.46 |
Price/Sales | 11.25 | 7.01 | 9.13 |
Price/Cash Flow | 75.74 | — | — |
|
Metric
|
NWL
|
AMP
|
CBA
|
|---|---|---|---|
Quick Ratio | — | 0.09 | — |
Current Ratio | — | 0.09 | — |
Interest Coverage | — | 0.04 | — |
|
Metric
|
NWL
|
AMP
|
CBA
|
|---|---|---|---|
Return on Assets (Normalized) | 48.37% | 0.97% | 0.78% |
Return on Equity (Normalized) | 79.58% | 8.81% | 14.04% |
Return on Invested Capital (Normalized) | — | 0.52% | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| SAP SE ADR
SAP
| LOCK|?Ww?wl | LOCK|mCG | $275B | |||
| Shopify Inc Registered Shs -A- Subord Vtg
SHOP
| LOCK|!XkH$# | LOCK|V#N>N | $213B | |||
| Salesforce Inc
CRM
| LOCK|j%!%z<& | LOCK|m>hdV | $198B | |||
| ServiceNow Inc
NOW
| LOCK|n%XMW&>^ | LOCK|Tp?#< | $160B | |||
| Uber Technologies Inc
UBER
| LOCK|lz@<dzg | LOCK|Ylyp | $134B | |||
| Snowflake Inc Ordinary Shares
SNOW
| LOCK|bZrDzXp | LOCK|^# | $119B | |||
| Automatic Data Processing Inc
ADP
| LOCK|gS&@q? | LOCK|?D%&t | $116B | |||
| Datadog Inc Class A
DDOG
| LOCK|KlY?z& | LOCK|#!x | $101B | |||
| Adobe Inc
ADBE
| LOCK|Wc@%%w! | LOCK|Q%lQJ | $97B | |||
| Cadence Design Systems Inc
CDNS
| LOCK|@$rpt%qc | LOCK|&fS | $94B |
United States