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NAOS Ex-50 Opportunities Co. Ltd.
(Sydney:NAC)
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Rating:53Neutral
Price Target:
AU$0.66
â–¼(-6.43% Downside)
Action:Reiterated
Date:08/20/26
The score is held back primarily by weak and highly volatile financial performance, including a sharp 2026 revenue decline and a swing to a net loss. Offsetting factors include improved latest-year cash flow and moderately positive technical momentum. Valuation is mixed: a very high dividend yield helps, but a negative P/E reflects loss-making performance.
Positive Factors
Diversified investment model
The diversified listed-investment structure gives NAC access to multiple smaller and emerging companies rather than relying on one operating business. Portfolio selection and management can support long-term opportunity capture while spreading exposure across investments and industries.
Negative Factors
Sharp revenue collapse and loss
The severe revenue contraction and return to a sizable loss show that NAC’s reported earnings power is highly exposed to changes in portfolio outcomes and realization timing. This weakens earnings visibility and makes near-term profitability difficult to sustain or forecast.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified investment model
The diversified listed-investment structure gives NAC access to multiple smaller and emerging companies rather than relying on one operating business. Portfolio selection and management can support long-term opportunity capture while spreading exposure across investments and industries.
Read all positive factors
NAOS Ex-50 Opportunities Co. Ltd. (NAC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.54M
Dividend Yield9.77%
Average Volume (3M)44.75K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth-21.07%
EPS Growth-143.16%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.07
Shares Outstanding45,794,735
10 Day Avg. Volume64,918
30 Day Avg. Volume44,752
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.81
Price to Sales (P/S)28.38
P/FCF Ratio6.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NAOS Ex-50 Opportunities Co. Ltd. Business Overview & Revenue Model
Company Description
NAOS Ex-50 Opportunities Company Limited is an Australian-based, publicly traded investment entity, overseen by NAOS Asset Management Limited. The company's strategy involves seeking out value-oriented equities within the small and mid-capitalizat...
How the Company Makes Money
NAC makes money primarily through investment returns generated by its portfolio. Its key economic sources are: (1) capital gains and losses from changes in the market value of its holdings, realized when it sells investments at prices above (or be...
NAOS Ex-50 Opportunities Co. Ltd. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 816.37K | 11.88M | -15.84M | 9.42M | -24.34M |
| Gross Profit | -65.50K | 10.92M | -15.92M | 9.34M | -24.42M |
| EBITDA | -2.95M | 9.69M | -77.72K | 8.95M | 0.00 |
| Net Income | -3.09M | 7.55M | -13.31M | 5.82M | -18.29M |
Balance Sheet | |||||
| Total Assets | 47.89M | 53.07M | 46.74M | 63.58M | 62.72M |
| Cash, Cash Equivalents and Short-Term Investments | 42.17M | 49.22M | 40.76M | 1.17M | 2.34M |
| Total Debt | 17.40M | 17.32M | 17.23M | 17.15M | 17.07M |
| Total Liabilities | 19.11M | 17.82M | 17.96M | 18.05M | 19.61M |
| Stockholders Equity | 28.78M | 35.25M | 28.78M | 45.53M | 43.11M |
Cash Flow | |||||
| Free Cash Flow | 3.53M | -212.32K | 3.81M | 2.22M | 4.42M |
| Operating Cash Flow | 3.53M | -212.32K | 3.81M | 2.22M | 4.42M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -3.38M | -1.08M | -3.46M | -3.39M | -2.31M |
NAOS Ex-50 Opportunities Co. Ltd. Technical Analysis
Positive
0.70
Price Trends
0.57
Positive
0.55
Positive
0.58
Positive
Market Momentum
0.01
Negative
60.43
Neutral
67.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NAC, the sentiment is Positive. The current price of 0.7 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.57, and above the 200-day MA of 0.58, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.43 is Neutral, neither overbought nor oversold. The STOCH value of 67.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NAC.
NAOS Ex-50 Opportunities Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$40.85M | 6.15 | 15.53% | 6.73% | 201.60% | 280.95% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | AU$134.86M | 112.50 | 1.05% | 5.78% | -35.12% | -90.81% | |
58 Neutral | AU$50.03M | -6.33 | -9.58% | 6.84% | -42.55% | -396.54% | |
56 Neutral | AU$114.88M | -4.94 | -37.94% | 7.62% | -38.54% | -170.85% | |
53 Neutral | AU$29.54M | -9.76 | -9.30% | 9.77% | -21.07% | -143.16% |
* Financial Sector Average
AU:NAC
NAOS Ex-50 Opportunities Co. Ltd.
0.65
0.13
24.52%
AU:GC1
Glennon Small Companies Ltd
0.43
-0.07
-14.49%
AU:SNC
Sandon Capital Investments Limited
0.74
-0.16
-17.32%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.59
-0.09
-13.08%
AU:SEC
Spheria Emerging Cos. Ltd.
2.25
-0.25
-9.86%
AU:CDO
Cadence Opportunities Fund Ltd.
2.23
0.44
24.65%
NAOS Ex-50 Opportunities Co. Ltd. Corporate Events
NAOS Ex-50 Updates DRP Terms for June Quarter Dividend
Sep 25, 2026
NAOS Ex-50 Opportunities Company Limited, listed on the ASX under ticker NAC, is a specialist listed investment company that provides shareholders with exposure to a concentrated portfolio of Australian equities outside the SP/ASX 50. Through its ...
NAOS Ex-50 Opportunities Sets Interest Payment on NACGA Convertible Bond
Sep 11, 2026
NAOS Ex-50 Opportunities Company Limited has announced an interest payment on its NACGA convertible bond, which carries a 6.50% coupon and matures on 30 September 2027. The interest payment amount is set at AUD 3.26 per security, with an ex-date o...
NAC Shares Trade Below NTA as Concentrated Portfolio Delivers Strong FY27 Gains
Sep 10, 2026
NAOS Ex-50 Opportunities Company Limited reported a pre-tax net tangible asset value of $0.69 per share and a post-tax NTA of $0.76 at 31 August 2026, versus a $0.60 share price, indicating the stock trades at a discount to asset backing. The NTA ...
NAOS Plans National Investor Roadshow to Showcase LIC Strategy
Aug 31, 2026
NAOS Asset Management will run an investor roadshow across major Australian cities in October and November 2026, with events scheduled in Perth, Brisbane, Melbourne, Sydney and Adelaide. The sessions will feature the investment team outlining its ...
NAOS Ex-50 lifts dividend despite FY26 loss and portfolio pullback
Aug 18, 2026
NAOS Ex-50 Opportunities Company Limited reported a FY26 after-tax loss of $3.09 million as its investment portfolio returned -5.26%, slightly underperforming the SP/ASX 300 Industrials Accumulation Index. Management described the year as one of c...
NAOS Ex-50 Opportunities Files Updated ASX Corporate Governance Statement
Aug 18, 2026
NAOS Ex-50 Opportunities Company Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming that the document is current as at 19 August 2026 and approved by the board. The statement is hosted on...
NAOS Ex-50 Opportunities Declares Quarterly Dividend for NAC Shareholders
Aug 18, 2026
NAOS Ex-50 Opportunities Company Limited, an Australian listed investment company trading as NAC, provides exposure to a portfolio of domestic equities outside the SP/ASX 50 index via ordinary fully paid shares. The vehicle aims to deliver both in...
NAOS Ex-50 Posts Larger Loss but Maintains Dividends in FY26
Aug 18, 2026
NAOS Ex-50 Opportunities Company Limited reported a significant deterioration in financial performance for the year ended 30 June 2026, with revenue from ordinary activities turning negative and losses before and after tax increasing sharply compa...
NAC Shares Trade Below NTA as Dividend-Focused Emerging Companies Fund Flags Strong FY26 Earnings
Aug 11, 2026
NAC reported a pre-tax net tangible asset value of $0.65 per share as at 31 July 2026, against a share price of $0.525, indicating the stock is trading at a discount to asset backing. The portfolio consists of eight investments with a gross value ...
NAOS Ex-50 Opportunities Releases Q4 FY26 Investor Update Materials
Aug 3, 2026
NAOS Ex-50 Opportunities Company Limited has released presentation materials for its Q4 FY26 investor update and QA, to be held today and hosted by its manager, NAOS Asset Management Limited. The session is intended to brief investors on recent pe...
NAOS Funds Diverge as Macro Forces and MaxiPARTS Drag Small Caps
Jul 23, 2026
NAOS Asset Management reported a highly macro-driven fourth quarter of FY26, as global equity markets rose, led by large resource stocks in Australia and major U.S. technology names. The NAOS listed investment companies delivered mixed performance...
NAC Trades Below NTA as Concentrated Small-Cap Portfolio Targets High Growth and Strong Dividends
Jul 13, 2026
NAOS Ex-50 Opportunities Company Limited reported a 30 June 2026 pre-tax net tangible asset value of $0.52 per share and a post-tax NTA of $0.63, compared with a closing share price of $0.505, highlighting that the stock continues to trade at a di...
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.