Want to see AU:WAX full AI Analyst Report?
WAX Stock Chart & Stats
AU$1.21
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$1.21
AU$0.00(0.00%)
Day’s Range― - ―
52-Week RangeAU$1.02 - AU$1.36
Previous CloseN/A
Volume25.16K
Average Volume (3M)224.73K
Market Cap
AU$219.49M
Enterprise ValueAU$212.04M
Total Cash (Recent Filing)AU$209.91M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta0.32
Next Earnings
Aug 26, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield8.23%
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding210,041,470
10 Day Avg. Volume316,692
30 Day Avg. Volume224,728
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)1.01
Price to Sales (P/S)4.93
P/FCF Ratio14.52
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
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetA zero-debt balance sheet provides durable financial flexibility: the company can withstand market drawdowns, fund distributions or opportunistic investments without raising external capital, and faces lower solvency risk which supports long-term stability for an LIC.
Very High Recent ProfitabilityExceptionally high recent margins reflect strong operating leverage and expense control in the investment vehicle, increasing ability to generate distributable earnings and absorb revenue setbacks; these margin dynamics support sustainable earnings power when markets cooperate.
Improving Cash GenerationConsistent operating and free cash flow in the last two years strengthens the company's ability to fund dividends, meet obligations, and avoid capital raises. Improved cash conversion indicates better working-capital management and bolsters medium-term financial resilience.
Bears Say
Top-line CyclicalityRevenue and fee income are materially exposed to market cycles and investment performance; a ~22% revenue decline and historical loss years reduce predictability of earnings and distributions, making long-term cashflow and growth planning dependent on market conditions.
Inconsistent Cash ConversionEpisodes of negative operating cash flow despite reported profits indicate timing and working-capital volatility. This inconsistency can strain dividend funding and liquidity during downturns, increasing reliance on asset sales or reserves in weaker periods.
Volatile Returns On EquityMaterial swings in ROE, including negative years, show inconsistent investment performance and weaken long-term compounding for shareholders. For an LIC whose value proposition is active stock selection, persistent ROE volatility undermines confidence in repeatable outperformance.
WAM Research Ltd. News
WAX FAQ
What was WAM Research Ltd.’s price range in the past 12 months?
WAM Research Ltd. lowest share price was AU$1.01 and its highest was AU$1.36 in the past 12 months.
What is WAM Research Ltd.’s market cap?
WAM Research Ltd.’s market cap is AU$219.49M.
When is WAM Research Ltd.’s upcoming earnings report date?
WAM Research Ltd.’s upcoming earnings report date is Aug 26, 2026 which is in 48 days.
How were WAM Research Ltd.’s earnings last quarter?
Currently, no data Available
Is WAM Research Ltd. overvalued?
According to Wall Street analysts WAM Research Ltd.’s price is currently Overvalued.
Does WAM Research Ltd. pay dividends?
WAM Research Ltd. pays a Semiannually dividend of AU$0.05 which represents an annual dividend yield of 8.23%. See more information on WAM Research Ltd. dividends here
What is WAM Research Ltd.’s EPS estimate?
WAM Research Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does WAM Research Ltd. have?
WAM Research Ltd. has 210,041,470 shares outstanding.
What happened to WAM Research Ltd.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of WAM Research Ltd.?
Currently, no hedge funds are holding shares in AU:WAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
WAM Research Ltd. Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Blogger Sentiment
Bearish
AU:WAX Sentiment 100%
Sector Average 67%
Sector Average 67%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.15%
12-Months-Change
Fundamentals
Return on Equity
-0.49%
Trailing 12-Months
Asset Growth
-13.00%
Trailing 12-Months
Company Description
WAM Research Ltd.
WAM Research Limited is an Australian-domiciled closed-end equity investment vehicle, founded on May 10, 2002, and managed by MAM Pty Limited. The fund primarily directs its capital towards publicly listed companies within Australia, with a significant allocation to the industrial sector. It aims to identify opportunities in small and medium-capitalization firms, pursuing both value and growth investment strategies, informed by its proprietary in-house research. The fund's performance is measured against the S&P/ASX All Ordinaries Accumulation Index, and it was previously recognized as Wilson Investment Fund Limited.
Technical Analysis
Pacific Current Group Ltd
―
Microequities Asset Management Group Ltd.
―
Salter Brothers Emerging Companies Ltd.
―
MFF Capital Investments Ltd.
―
Mirrabooka Investments Ltd
―