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WAM Global Ltd.
(Sydney:WGB)
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Rating:59Neutral
Price Target:
AU$2.50
▲(14.68% Upside)
Action:Downgraded
Date:08/20/26
The score is anchored by a very strong, low-risk balance sheet (no debt), but is held back by highly volatile profitability and uneven cash flow history. Technical signals are broadly neutral with price below key moving averages, while valuation is supported by a high dividend yield but constrained by a negative P/E tied to unstable earnings.
Positive Factors
Debt-free balance sheet
The absence of debt materially reduces solvency and refinancing risk, while the large equity base gives WGB flexibility to withstand market volatility and maintain its investment strategy through weaker portfolio-performance periods.
Negative Factors
Highly volatile profitability
Repeated swings between strong profits and losses make the earnings base difficult to forecast, weakening confidence in sustainable returns and increasing the risk that shareholder distributions depend on variable portfolio outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt materially reduces solvency and refinancing risk, while the large equity base gives WGB flexibility to withstand market volatility and maintain its investment strategy through weaker portfolio-performance periods.
Read all positive factors
WAM Global Ltd. (WGB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$726.39M
Dividend Yield8.47%
Average Volume (3M)318.17K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth-123.14%
EPS Growth-133.85%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)N/A
Shares Outstanding359,599,370
10 Day Avg. Volume457,480
30 Day Avg. Volume318,174
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.92
Price to Sales (P/S)-20.29
P/FCF Ratio16.81
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
WAM Global Ltd. Business Overview & Revenue Model
Company Description
WAM Global Limited operates as a publicly listed investment company, established and managed by Wilson Asset Management (International) Pty Limited. This firm's investment strategy focuses on global public stock markets, with a particular emphasis...
How the Company Makes Money
WGB makes money primarily by earning investment returns on its portfolio of global listed equities and other permitted investments. These returns typically come from (1) capital appreciation, when the market value of portfolio holdings rises and g...
WAM Global Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 119.50M | -37.27M | 161.10M | 118.73M | 129.85M | -155.60M |
| Gross Profit | 108.33M | -49.18M | 160.11M | 107.56M | 119.67M | -166.59M |
| EBITDA | 107.31M | -50.32M | 147.62M | 107.31M | 119.68M | -166.58M |
| Net Income | 401.31M | -35.23M | 103.34M | 73.94M | 84.76M | -116.68M |
Balance Sheet | ||||||
| Total Assets | 869.99M | 842.46M | 956.94M | 869.99M | 829.63M | 766.46M |
| Cash, Cash Equivalents and Short-Term Investments | 853.20M | 797.66M | 60.32M | 853.20M | 806.77M | 728.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 40.34M | 18.95M | 57.05M | 40.34M | 11.30M | 1.11M |
| Stockholders Equity | 829.66M | 823.52M | 899.90M | 829.66M | 814.56M | 765.35M |
Cash Flow | ||||||
| Free Cash Flow | 48.12M | 44.97M | 47.61M | 48.12M | 16.28M | -116.68M |
| Operating Cash Flow | 48.12M | 44.97M | 47.61M | 48.12M | 16.28M | -116.68M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 139.61M |
| Financing Cash Flow | -37.52M | -55.44M | -40.13M | -37.52M | -35.54M | -3.18M |
WAM Global Ltd. Technical Analysis
Negative
2.18
Price Trends
2.18
Negative
2.17
Negative
2.23
Negative
Market Momentum
-0.04
Positive
32.48
Neutral
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WGB, the sentiment is Negative. The current price of 2.18 is above the 20-day moving average (MA) of 2.13, above the 50-day MA of 2.18, and below the 200-day MA of 2.23, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 32.48 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WGB.
WAM Global Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$574.29M | 7.46 | 13.90% | 4.09% | -5.33% | -20.20% | |
71 Outperform | AU$655.45M | 22.39 | 4.65% | 0.00% | -61.20% | -63.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$1.45B | 46.11 | 2.41% | 1.88% | 2.27% | -84.63% | |
67 Neutral | AU$1.82B | 6.60 | 19.98% | 3.86% | ― | 40.23% | |
59 Neutral | AU$726.39M | -20.55 | -4.16% | 8.47% | -123.14% | -133.85% | |
46 Neutral | AU$32.72M | -24.68 | -3.10% | ― | -137.88% | -267.38% |
* Financial Sector Average
AU:WGB
WAM Global Ltd.
2.02
-0.35
-14.91%
AU:NGI
Navigator Global Investments Ltd
2.39
0.29
14.03%
AU:WQG
WCM Global Growth Ltd.
2.08
0.28
15.68%
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.29
0.73
28.62%
AU:GFL
Global Masters Fund Limited
2.90
-0.94
-24.48%
AU:FGG
Future Generation Global Limited
1.63
0.17
11.34%
WAM Global Ltd. Corporate Events
WAM Global lifts fully franked dividend despite AI-driven portfolio underperformance
Aug 18, 2026
WAM Global has increased its fully franked full-year dividend to 13.2 cents per share, including a 6.6 cent final dividend, giving shareholders an estimated 6.0% dividend yield and 8.6% grossed-up yield based on recent prices, well above average g...
WAM Global Posts Deep Loss but Maintains Fully Franked Dividends
Aug 18, 2026
WAM Global Ltd. reported a sharp deterioration in financial performance for the year ended 30 June 2026, with revenue from ordinary activities falling 123.1% and a significantly larger net loss after tax compared with the prior year. Despite the w...
WAM Global Declares Half-Year Dividend and Sets DRP Timetable
Aug 18, 2026
WAM Global Ltd. is an Australian listed investment company that offers shareholders access to a diversified portfolio of global equities through its ordinary fully paid shares on the ASX under the ticker WGB. Its strategy emphasizes delivering sha...
WAM Global Updates Governance Framework for 2026
Aug 18, 2026
WAM Global Limited, an Australian listed investment company, operates through an external investment manager and maintains a board-driven governance model with no full-time employees. Its board sets strategic direction, oversees capital management...
WAM Global Files Updated Corporate Governance Statement with ASX
Aug 18, 2026
WAM Global Limited has lodged its updated corporate governance statement and Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming board approval as of 19 August 2026. The statement is hosted on the company’s website...
WAM Global Flags July Portfolio Dip but Maintains High Fully Franked Yield
Aug 13, 2026
WAM Global reported that its investment portfolio declined in July 2026, with net tangible assets after tax falling to 215.80 cents per share and the share price closing the month at $2.18. Despite underperforming the MSCI World Index since incept...
WAM Global boosts dividend firepower as ASML and Edwards drive portfolio gains
Jul 8, 2026
WAM Global reported a net asset base of about $805 million and a month-end share price of $2.11 as at 30 June 2026, alongside an annualised fully franked interim dividend of 13.2 cents per share. The company highlighted a grossed-up dividend yield...
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.