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WAM.AX ASX Investment Management & Fund Operators

Wam Capital Ltd

A$1,54
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AUD
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Mcap
P/E
EV / Rev
Div yield
11,23 %
Op margin
85,5 %
ROE
11,7 %
Net margin
61,7 %
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Wam Capital Ltd is an investment management and fund operator that generates revenue primarily through management fees and performance-based returns on its investment portfolios.

Business. Wam Capital Ltd (WAM.AX) is an investment management and fund operator headquartered in Australia, primarily listed on the Australian Securities Exchange. The company operates within the Banking & Investment Services sector, generating revenue through a fee-income model typical of the industry. Specific details regarding operating segments or geographic breakdowns are not provided in the available data.

Classification92 %
SectorFinancials
Business sectorBanking & Investment Services
IndustryInvestment Management & Fund Operators
ActivityBanking & Investment Services
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
11,7 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning WAM.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to WAM.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Wam Capital Ltd (WAM.AX) is an investment management and fund operator headquartered in Australia, primarily listed on the Australian Securities Exchange. The company operates within the Banking & Investment Services sector, generating revenue through a fee-income model typical of the industry. Specific details regarding operating segments or geographic breakdowns are not provided in the available data.

    Classification92 %
    SectorFinancials
    Business sectorBanking & Investment Services
    IndustryInvestment Management & Fund Operators
    ActivityBanking & Investment Services
    AI synthesis
    GENERATED

    Wam Capital Ltd exhibits a strong capital structure with a debt-to-equity ratio of 0.0, indicating no long-term debt obligations. The company's liquidity position is reflected in a current ratio of 16.28, which is significantly higher than the industry median, suggesting robust short-term liquidity. The company's operating cash flow of AUD 109.3 million supports its operational flexibility and capacity to fund growth initiatives.

    In terms of profitability, Wam Capital Ltd demonstrates a return on equity (ROE) of 11.71% and a return on assets (ROA) of 10.82%, both of which are well above the industry median for investment management firms. These metrics indicate efficient use of equity and assets to generate returns. The company's operating income of AUD 304.0 million and net income of AUD 219.6 million further underscore its strong earnings performance.

    The company's revenue is concentrated in its core investment management and fund operations, with no disclosed geographic diversification in the latest financial data. This suggests a high degree of exposure to the Australian market and the performance of its investment portfolios. There are no material revenue contributions from other business segments or international markets.

    Wam Capital Ltd is on a growth trajectory, with a revenue of AUD 355.7 million in the latest reporting period. While no forward-looking guidance is provided, the company's strong operating cash flow and profitability suggest a capacity for organic growth. The absence of long-term debt and low dilution risk also supports a stable capital structure.

    The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and the high current ratio indicate a strong liquidity position. Additionally, the low dilution risk suggests that the company is not currently issuing shares at a rate that would significantly dilute existing shareholders.

    Recent filings and transcripts do not indicate any material events that would significantly impact the company's operations or financial position. The company's financial performance and risk profile remain stable, with no disclosed regulatory or operational challenges in the latest data.

    Key takeaways
    • Wam Capital Ltd has a strong capital structure with no long-term debt and a high current ratio.
    • The company's ROE and ROA are well above industry medians, indicating efficient use of equity and assets.
    • Revenue is concentrated in investment management and fund operations, with no geographic diversification disclosed.
    • The company's growth trajectory is supported by strong operating cash flow and profitability.
    • Low liquidity and dilution risk suggest a stable capital structure and no immediate shareholder dilution concerns.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    A$1,54
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    A$1.88B
    Net cash
    Current ratio
    16.3
    Debt / equity
    0.0
    ROA
    10.8%
    ROE
    11.7%
    Cash conversion
    50.0%
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin85,5 %Above P75
    Net Margin61,8 %Above median
    ROE11,7 %Above median
    D/E0,00Above median
    Cash Conv0,50Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Return On Assets
      net_income / total_assets
    Source documents
    • Wam Capital Ltd Market data — financials · 2026-05-30

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    S&P/ASX 200

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    WAM.AXCanonical
    ASX · AUD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage