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Countplus Limited
(Sydney:CUP)
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Rating:70Outperform
Price Target:
AU$1.50
â–¼(-1.32% Downside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by improved financial performance, including strong cash flow and a profitability rebound in 2026, tempered by rising leverage and historical volatility. Technicals show a strong uptrend but are extremely overextended, which lowers the score on near-term risk. Valuation is broadly fair with a supportive dividend yield.
Positive Factors
Sustained Revenue Growth
Revenue has more than doubled across the reported period and continued to grow in 2026, indicating expanding professional-services activity and client demand. This scale creates a stronger platform for operating leverage, reinvestment, and recurring fee generation over the next several quarters.
Negative Factors
Rising Debt Balance
The multi-year increase in absolute debt adds financial risk even though the company has built a larger equity base. Higher obligations can absorb more future cash flow, reduce flexibility for investment or distributions, and make earnings softness more consequential for balance-sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue has more than doubled across the reported period and continued to grow in 2026, indicating expanding professional-services activity and client demand. This scale creates a stronger platform for operating leverage, reinvestment, and recurring fee generation over the next several quarters.
Read all positive factors
Countplus Limited (CUP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$284.52M
Dividend Yield3.77%
Average Volume (3M)109.13K
Price to Earnings (P/E)15.5
Beta (1Y)0.21
Revenue Growth15.47%
EPS Growth60.30%
CountryAU
Employees600
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding216,510,620
10 Day Avg. Volume88,594
30 Day Avg. Volume109,134
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.15
Price to Sales (P/S)1.13
P/FCF Ratio6.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.00Price Target Upside31.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.1
Revenue Forecast (FY)AU$203.37M
Countplus Limited Business Overview & Revenue Model
Company Description
CountPlus Limited is an Australian company that delivers a broad spectrum of professional services, including accounting, business consulting, and wealth management, through its various operational segments: Accounting, Financial Planning, Financi...
How the Company Makes Money
Countplus Limited makes money primarily by earning fees for professional services delivered by its network of accounting and advisory practices. Key revenue streams include (1) recurring and transactional professional service fees for accounting, ...
Countplus Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
77
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 166.85M | 144.50M | 112.99M | 91.48M | 86.66M |
| Gross Profit | 80.71M | 144.50M | 30.53M | 42.54M | 38.03M |
| EBITDA | 39.81M | 30.27M | 10.46M | 10.94M | 10.80M |
| Net Income | 15.18M | 8.89M | 1.10M | 5.10M | 5.11M |
Balance Sheet | |||||
| Total Assets | 531.00M | 448.27M | 435.11M | 440.71M | 521.97M |
| Cash, Cash Equivalents and Short-Term Investments | 63.93M | 23.23M | 25.03M | 21.67M | 21.54M |
| Total Debt | 55.79M | 63.79M | 61.77M | 28.85M | 23.24M |
| Total Liabilities | 349.93M | 322.99M | 313.32M | 351.24M | 433.51M |
| Stockholders Equity | 164.06M | 111.64M | 109.00M | 74.70M | 75.35M |
Cash Flow | |||||
| Free Cash Flow | 30.46M | 20.89M | 7.38M | 4.03M | 9.70M |
| Operating Cash Flow | 31.14M | 22.07M | 8.26M | 5.03M | 10.66M |
| Investing Cash Flow | -9.61M | -10.80M | -17.22M | -1.98M | -12.47M |
| Financing Cash Flow | 19.17M | -13.06M | 12.33M | -2.92M | -2.88M |
Countplus Limited Technical Analysis
Neutral
1.52
Price Trends
1.41
Negative
1.23
Positive
1.15
Positive
Market Momentum
-0.03
Positive
45.18
Neutral
17.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CUP, the sentiment is Neutral. The current price of 1.52 is above the 20-day moving average (MA) of 1.37, above the 50-day MA of 1.41, and above the 200-day MA of 1.15, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.18 is Neutral, neither overbought nor oversold. The STOCH value of 17.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CUP.
Countplus Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.68B | 18.74 | 29.94% | 4.52% | 10.49% | 5.31% | |
70 Outperform | AU$284.52M | 15.48 | 10.76% | 3.77% | 15.47% | 60.30% | |
70 Outperform | AU$939.15M | 11.84 | 12.36% | 10.63% | 0.59% | 19.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$49.60M | -25.58 | -8.93% | ― | -6.17% | -191.49% | |
60 Neutral | AU$194.68M | 55.13 | 11.79% | 0.91% | 18.25% | 2.90% |
* Industrials Sector Average
AU:CUP
Countplus Limited
1.33
0.28
26.31%
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Countplus Limited Corporate Events
Countplus Director Increases Shareholding Through Dividend Reinvestment Plan
Oct 7, 2026
Countplus Limited has disclosed a change in the security holdings of director Hugh Humphrey, following the issue of new ordinary shares under the company’s Dividend Reinvestment Plan. The transaction increased Humphrey’s direct holding...
Count Limited Seeks Quotation for New Dividend Plan Shares
Oct 7, 2026
Count Limited, listed on the ASX under the ticker CUP, operates in the financial services sector with a focus on professional advisory and wealth management offerings for Australian clients. The company positions itself as a provider of integrated...
Count Limited Sets 2026 AGM to Vote on Board and Executive Incentive Resolutions
Oct 7, 2026
Count Limited has convened its 2026 Annual General Meeting for 9 November in Sydney, where shareholders will review the company’s financial, directors’ and auditor’s reports for the year to 30 June 2026. The meeting continues the...
Count Limited Sets Board Succession With New Audit Chair Proposed
Oct 2, 2026
Count Limited has announced board succession plans that will see long-serving Non-Executive Director Kate Hill retire following the company’s annual general meeting on 9 November 2026, after more than nine years overseeing audit, risk and ac...
Count Limited Confirms DRP Pricing for Interim Dividend
Sep 11, 2026
Count Limited, an ASX-listed financial services company trading under the code CUP, offers ordinary fully paid shares and focuses on providing returns to investors through structured dividend distributions tied to its reporting periods. The group ...
Count Limited Sets DRP Price and Final Dividend for FY26
Sep 11, 2026
Count Limited has confirmed details of its capital management for the second half of FY26, declaring a fully franked final dividend of 3.00 cents per share, payable on 8 October 2026 to shareholders on the register as at 1 September 2026. The comp...
S&P Dow Jones Indices Unveils September 2026 Shake-Up of S&P/ASX Benchmarks
Sep 4, 2026
Index provider SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX index suite, with changes taking effect before the market open on September 21. The reshuffle affects the SP/ASX 50, 100, 200 and 300, while the...
Count Limited Sets Key Dates for 2026 AGM and Director Nominations
Aug 31, 2026
Count Limited has scheduled its 2026 Annual General Meeting for 9 November 2026 at 9:30 a.m. in Sydney, setting out key corporate governance dates for shareholders and prospective directors. The company has also announced that nominations for elec...
Count Limited CEO Lifts Stake via Approved Share Placement
Aug 28, 2026
Count Limited has disclosed a change in Managing Director Hugh Humphrey’s interests in the company’s securities, following his participation in a recent capital placement. Through the Reed Private Wealth Super Fund, of which he is a tr...
Count Limited Director Increases Stake Through Approved Share Placement
Aug 28, 2026
Count Limited has disclosed a change in director Raymond Kellerman’s interests, reflecting a further investment in the company through a recent share placement. Kellerman now holds 4,100,000 fully paid ordinary shares indirectly via RK Sydne...
Count Limited Issues Director and Acquisition Shares, Confirms Regulatory Compliance
Aug 28, 2026
Count Limited has issued 300,000 fully paid ordinary shares at $1.05 each to directors Ray Kellerman and Hugh Humphrey, matching terms of a prior institutional placement and following shareholder approval at an extraordinary general meeting. The c...
Count Limited Seeks ASX Quotation for 3.28 Million New Shares
Aug 27, 2026
Count Limited has lodged an application with the ASX for quotation of 3,276,069 ordinary fully paid shares under its CUP ticker. The securities were issued on August 28, 2026, as part of previously announced transactions, marking an increase in th...
Count Limited shareholders back all resolutions at 2026 Extraordinary General Meeting
Aug 27, 2026
Count Limited has reported that all resolutions put to shareholders at its Extraordinary General Meeting on 27 August 2026 were approved by poll, including a special resolution for financial assistance and several ordinary resolutions related to s...
CountPlus corrects dividend date details in FY2026 investor presentation
Aug 25, 2026
CountPlus Limited has issued an amendment to its FY2026 full-year results investor presentation released earlier on 26 August 2026. The revision corrects information on slide 24 relating to the calendar days for the ex-dividend, record and payment...
Countplus issues cautionary full-year 2026 results presentation
Aug 25, 2026
Countplus Limited has released its full-year 2026 results presentation, positioning the document strictly as background information for investors and other stakeholders rather than as advice or an offer of securities. The company emphasises that t...
Count Limited posts strong FY2026 growth and lifts dividend to nine-year high
Aug 25, 2026
Count Limited reported strong FY2026 results, with group revenue rising 15.6% to $165.9 million, driven by disciplined acquisitions and robust organic growth in its Wealth segment. The company’s funds under advice climbed 13.7% to $43.0 bill...
Count Limited Lodges ASX Governance Disclosures for 2026
Aug 25, 2026
Count Limited has detailed its compliance with ASX corporate governance requirements for the year ended 30 June 2026, lodging an Appendix 4G that maps where its governance disclosures can be found. The corporate governance statement, current as at...
Countplus updates governance framework in line with ASX standards
Aug 25, 2026
Countplus Limited has confirmed that its board-approved corporate governance framework is current as of 26 August 2026. The company states that its governance policies and practices comply with the 4th edition of the ASX Corporate Governance Counc...
Count Limited Announces AUD 0.03 Interim Dividend and Sets Payment Timetable
Aug 25, 2026
Count Limited has declared a fully franked interim dividend of AUD 0.03 per ordinary share for the six months ended 30 June 2026. The ex-dividend date is set for 31 August 2026, with a record date of 1 September and payment scheduled for 8 October...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.