Want to see AU:EQT full AI Analyst Report?
Top Page
EQT Holdings Ltd.
(Sydney:EQT)
Select Model
Select Model
Rating:72Outperform
Price Target:
AU$23.50
▲(10.33% Upside)
Action:Upgraded
Date:08/28/26
The score is driven primarily by solid fundamentals with strong cash generation, tempered by the latest-year revenue/earnings decline and a notable increase in leverage. Technicals add support via a clear uptrend and positive momentum, while valuation is helped by a reasonable P/E and an attractive dividend yield.
Positive Factors
Strong Cash Generation
Strong recent operating and free cash flow indicates that earnings are converting into cash, supporting investment, debt servicing and shareholder returns while improving the company’s financial resilience.
Negative Factors
Recent Revenue Decline
The latest revenue contraction signals weaker business momentum and could persist if client flows or market-linked fee income remain soft, limiting the company’s ability to sustain its prior growth trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong recent operating and free cash flow indicates that earnings are converting into cash, supporting investment, debt servicing and shareholder returns while improving the company’s financial resilience.
Read all positive factors
EQT Holdings Ltd. (EQT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$516.04M
Dividend Yield5.65%
Average Volume (3M)71.47K
Price to Earnings (P/E)19.8
Beta (1Y)0.79
Revenue Growth-7.09%
EPS Growth-18.20%
CountryAU
Employees444
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.98
Shares Outstanding26,793,110
10 Day Avg. Volume118,065
30 Day Avg. Volume71,471
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)1.09
Price to Sales (P/S)2.70
P/FCF Ratio8.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$22.10Price Target Upside3.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.66
Revenue Forecast (FY)AU$201.36M
EQT Holdings Ltd. Business Overview & Revenue Model
Company Description
Melbourne, Australia-headquartered EQT Holdings Limited, established in 1888, offers a broad spectrum of philanthropic, executor, and investment services across Australia, the United Kingdom, and Ireland. The company's operations are divided into ...
How the Company Makes Money
null...
EQT Holdings Ltd. Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call was predominantly positive about the continuing TWS and CTS businesses, highlighting strong revenue, funds, profit, margin, client, and pipeline performance, as well as a clearer strategic focus and positive FY 2027 outlook. However, the overall statutory result was negatively affected by the STS exit, goodwill impairment, litigation and regulatory costs, retained stranded costs, and capital requirements associated with the transition.Positive Updates
Strong Continuing Operations Performance
Continuing operations delivered strong financial and operational outcomes, with funds under management, administration, and supervision increasing by more than 15% to AUD 191 billion, revenue increasing 9.4%, and net profit after tax from continuing operations growing 32.7%.
Negative Updates
Statutory Profit Decline from Discontinued Operations
The group statutory result was adversely affected by the discontinued superannuation operations and a AUD 13.1 million non-cash goodwill impairment. Group net profit after tax decreased 20.5% to AUD 26.4 million, and earnings per share for the year was AUD 0.9864.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Continuing Operations Performance
Continuing operations delivered strong financial and operational outcomes, with funds under management, administration, and supervision increasing by more than 15% to AUD 191 billion, revenue increasing 9.4%, and net profit after tax from continuing operations growing 32.7%.
Read all positive updates
Company Guidance
For FY 2027, Equity Trustees expects “strong momentum in the continuing businesses” and “top line growth still in the continuing operations business,” with “percentage margins for continuing operations being stable in the forward view, subject to the normal caveats”; the superannuation exit is expected to occur “during FY 2027” and be “completed by the end of FY 2027,” triggering repayment of AUD 35.8 million of loan facilities, while approximately AUD 5 million of transformation-related investment is expected during the year, continuing litigation costs are expected, and reductions in retained corporate overheads are expected to have their “main benefits starting to be realized in FY 2028.”EQT Holdings Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
58
Neutral
Cash Flow
76
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 161.90M | 178.71M | 169.45M | 138.58M | 110.56M |
| Gross Profit | 0.00 | 173.11M | 44.38M | 34.22M | 43.38M |
| EBITDA | 54.54M | 61.76M | 39.55M | 36.27M | 41.65M |
| Net Income | 26.42M | 33.22M | 20.71M | 18.83M | 24.23M |
Balance Sheet | |||||
| Total Assets | 624.20M | 540.48M | 539.86M | 511.91M | 371.15M |
| Cash, Cash Equivalents and Short-Term Investments | 169.92M | 156.48M | 138.76M | 109.69M | 118.32M |
| Total Debt | 159.89M | 82.96M | 82.14M | 63.30M | 50.45M |
| Total Liabilities | 222.03M | 136.59M | 141.26M | 112.38M | 89.81M |
| Stockholders Equity | 402.17M | 403.90M | 402.09M | 405.39M | 285.27M |
Cash Flow | |||||
| Free Cash Flow | 51.58M | 38.27M | 32.54M | 8.76M | 31.86M |
| Operating Cash Flow | 52.60M | 40.33M | 39.04M | 12.58M | 34.13M |
| Investing Cash Flow | -1.85M | 2.96M | -3.29M | -127.25M | -7.27M |
| Financing Cash Flow | 40.19M | -25.44M | -6.58M | 106.10M | -10.53M |
EQT Holdings Ltd. Technical Analysis
Neutral
21.30
Price Trends
18.20
Positive
18.11
Positive
20.28
Negative
Market Momentum
0.56
Positive
51.04
Neutral
14.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EQT, the sentiment is Neutral. The current price of 21.3 is above the 20-day moving average (MA) of 19.29, above the 50-day MA of 18.20, and above the 200-day MA of 20.28, indicating a neutral trend. The MACD of 0.56 indicates Positive momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 14.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EQT.
EQT Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$7.07B | 27.71 | 3.80% | 4.21% | 2.17% | 0.68% | |
72 Outperform | AU$516.04M | 19.80 | 6.50% | 6.28% | -7.09% | -18.20% | |
72 Outperform | AU$1.41B | -11.50 | -7.37% | 9.91% | -145.54% | -156.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$3.23B | 19.56 | 6.21% | 3.67% | 44.63% | -63.30% | |
63 Neutral | AU$576.90M | 43.97 | 2.07% | 4.06% | 45.10% | 44.28% | |
60 Neutral | AU$470.02M | 38.61 | 2.56% | 6.56% | 86.21% | -44.46% |
* Financial Sector Average
AU:EQT
EQT Holdings Ltd.
19.29
-7.09
-26.87%
AU:PIC
Perpetual Equity Investment Co. Ltd.
1.22
0.01
1.24%
AU:WAM
WAM Capital Ltd.
1.24
-0.36
-22.40%
AU:ARG
Argo Investments Limited
9.39
0.38
4.16%
AU:MFF
MFF Capital Investments Ltd.
5.39
0.88
19.59%
AU:MIR
Mirrabooka Investments Ltd
2.55
-0.69
-21.32%
EQT Holdings Ltd. Corporate Events
EQT Holdings Announces AUD 0.20 Interim Dividend for June Half-Year
Aug 27, 2026
EQT Holdings Ltd., an ASX-listed financial services firm, has announced a distribution on its ordinary fully paid shares following the close of its financial period ended 30 June 2026. The company’s market presence in trustee and wealth mana...
EQT Holdings Files 2026 Governance Disclosures, Affirms Compliance with ASX Principles
Aug 27, 2026
EQT Holdings Ltd has filed its Appendix 4G and corporate governance statement for the year ended 30 June 2026, confirming board approval as of 27 August 2026. The disclosure outlines how the company aligns with ASX Corporate Governance Council rec...
EQT Holdings outlines FY26 results and strategic outlook
Aug 27, 2026
EQT Holdings Limited has released an investor presentation outlining its results for the year ended 30 June 2026, led by Managing Director Mick O’Brien and Chief Financial Officer Johanna Platt. The presentation agenda covers a business perf...
Equity Trustees lifts FY26 profit as core businesses grow amid superannuation exit
Aug 27, 2026
Equity Trustees reported a 32.7% rise in net profit after tax from continuing operations to $33.9 million for FY26, driven by 9.4% revenue growth to $167 million and margin expansion as it advances its exit from the loss-making Superannuation Trus...
EQT Holdings Posts Mixed Earnings as TPG and BGH Lodge Rival Takeover Bids
Aug 27, 2026
EQT Holdings reported revenue, other income and interest from ordinary activities of $166.97 million for the year to 30 June 2026, up 9.4% on the prior year, while profit attributable to ordinary equity holders fell 20.5% to $26.42 million. The co...
EQT Holdings receives conditional takeover approach from BGH Capital
Aug 20, 2026
EQT Holdings Ltd has received an unsolicited, indicative and non‑binding takeover proposal from private equity firm BGH Capital to acquire all outstanding shares via a scheme of arrangement at an indicative cash price of A$24.75 per share, a...
EQT Holdings Reschedules FY26 Results Release to 27 August
Aug 19, 2026
EQT Holdings Ltd., trading as Equity Trustees, is a specialist Australian trustee and wealth management group established in 1888 to provide independent trustee and executor services that protect family wealth. The company offers asset management,...
EQT Holdings Relocates Registered Office to New Melbourne CBD Address
Aug 17, 2026
EQT Holdings Limited has relocated its registered office and principal place of business for all group companies to Level 22, 530 Collins Street in Melbourne, effective immediately, while keeping all other contact details unchanged. The move conso...
EQT Holdings schedules investor webinar for full-year 2026 results
Aug 5, 2026
EQT Holdings Ltd., which operates under the Equity Trustees brand as a specialist trustee and executor services provider, serves individuals, families and corporate clients across Australia through a broad range of wealth-protection and fiduciary ...
EQT Holdings Seeks ASX Quotation for New Employee Incentive Shares
Aug 3, 2026
EQT Holdings Limited has sought quotation on the ASX for 698 new ordinary fully paid shares, issued on 27 July 2026 under an employee incentive scheme. The application, lodged as a new announcement on 3 August 2026, confirms the securities are to ...
EQT Holdings to Exit Superannuation Trusteeship and Refocus on Core Trustee and Wealth Businesses
Jun 21, 2026
EQT Holdings has decided to withdraw from offering independent superannuation trusteeship via Equity Trustees Superannuation Limited, following a strategic review that examined market, regulatory and client trends, including key funds considering ...
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.