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Whitefield Ltd (WHF) AI Stock Analysis

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AU:WHF

Whitefield Ltd

(ASX:WHF)

Select Model
Rating:76Outperform
Price Target:AUD 5.50â–²(16.03% Upside)
Action:reiterated
Date:08/19/26

The score is primarily supported by very strong financial performance—exceptional margins and a highly conservative, low-debt balance sheet. Technical signals add support with positive momentum and price strength versus key moving averages. The main constraint is valuation, with a relatively high P/E only partly offset by a solid dividend yield.

Positive Factors
Exceptional ProfitabilitySustained exceptionally high margins indicate an efficient investment-company operating model, with limited operating costs relative to portfolio income and gains. This supports resilience and the capacity to retain or distribute earnings over the medium term.
Negative Factors
Recent Revenue ContractionThe uneven revenue trajectory indicates that portfolio income and realized investment returns can fluctuate materially across reporting periods. A negative latest trend may constrain earnings momentum and dividend-growth capacity over the next several months.

Whitefield Ltd (WHF) vs. iShares MSCI Australia ETF (EWA)

-20%-15%-10%-5%0%5%10%15%20%AU:WHF-10.50%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 574.95M
Dividend Yield
5.54%
Average Volume (3M)
85.48K
Price to Earnings (P/E)
27.0
Beta (1Y)
0.56
Revenue Growth
-3.01%
EPS Growth
-6.00%
Country
Australia
Employees
―
Sector
Financial
Sector Strength
68
Industry
Asset Management

Whitefield Ltd Business Overview & Revenue Model

Company Description

Whitefield Limited is an Australian company primarily engaged in the securities industry. Its core business involves investing in various shares and other financial instruments. Established in 1923, the firm is headquartered in Sydney, Australia.

How the Company Makes Money

Whitefield Limited makes money primarily through returns generated by its investment portfolio. Its key earnings sources are: (1) Dividend and distribution income received from the companies and other securities it holds; (2) Realised capital gains (...

Whitefield Ltd Financial Statement Overview

Summary

Strong overall financial quality driven by exceptionally high and consistent profitability and a conservative balance sheet with minimal to zero debt. Offsets include uneven revenue momentum (including a reported decline in 2026) and some volatility in cash flow growth/coverage despite solid cash generation and earnings-quality support (FCF ~1.0x net income).

Income Statement

84Very Positive

Balance Sheet

88Very Positive

Cash Flow

79Positive
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue25.59M25.59M26.38M24.68M21.82M20.48M
Gross Profit23.50M23.50M26.31M24.68M21.82M19.87M
EBITDA22.56M22.56M23.65M019.14M17.85M
Net Income21.15M21.15M22.39M20.43M18.01M16.79M
Balance Sheet
Total Assets722.08M722.08M728.60M723.88M623.82M650.90M
Cash, Cash Equivalents and Short-Term Investments6.97M6.97M6.92M8.52M5.24M5.65M
Total Debt00025.39M25.21M25.03M
Total Liabilities75.66M75.66M78.42M106.81M72.50M92.71M
Stockholders Equity646.42M646.42M650.17M617.07M551.32M558.20M
Cash Flow
Free Cash Flow20.88M20.88M16.55M19.70M18.23M14.11M
Operating Cash Flow20.88M20.88M16.55M19.70M18.23M14.11M
Investing Cash Flow438.34K438.34K14.48M4.19M-21.35M-64.96M
Financing Cash Flow-21.27M-21.27M-32.62M-20.61M2.71M50.47M

Whitefield Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price4.74

Price Trends

50DMA4.74Positive
100DMA4.74Negative
200DMA4.80Negative

Market Momentum

MACD-0.01Negative
RSI60.07Neutral
STOCH71.97Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WHF, the sentiment is Positive. The current price of 4.74 is above the 20-day moving average (MA) of 4.66, above the 50-day MA of 4.74, and below the 200-day MA of 4.80, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 60.07 is Neutral, neither overbought nor oversold. The STOCH value of 71.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WHF.

Whitefield Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

AU:WHF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:WHFAU:WHF76OutperformAUD 574.95M27.013.12%5.54%-3.01%-6.00%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
AU:RZIAU:RZI66NeutralAUD 44.26M12.508.01%―21.42%―
AU:PPSAU:PPS64NeutralAUD 280.30M41.675.79%4.35%7.20%-51.06%
AU:NWLAU:NWL56NeutralAUD 4.44B71.8838.95%2.33%21.01%-48.10%
AU:OFXAU:OFX54NeutralAUD 97.76M-233.33-0.22%―-7.93%-101.72%
AU:FNXAU:FNX38UnderperformAUD 11.21M-3.44-19.59%―――

* Financial Sector Average

Performance Comparison

-50%-25%0%25%AU:WHFAU:RZIAU:PPSAU:OFXAU:NWLAU:FNXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:WHF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:WHFWhitefield Ltd4.74-0.56-10.50%
AU:RZIRaiz Invest Ltd.0.42-0.50-54.10%
AU:PPSPraemium Ltd0.57-0.30-34.44%
AU:OFXOFX Group Ltd.0.42-0.18-30.00%
AU:NWLNetwealth Group Ltd.18.05-12.18-40.30%
AU:FNXFinexia Financial Group Ltd0.180.0428.57%

Whitefield Ltd Corporate Events

Whitefield Industrials Declares Quarterly Preference Share Distribution

Aug 17, 2026

Whitefield Industrials Limited has declared a quarterly distribution of AUD 0.02 per WHFPA 8.0% cumulative preference share for the period ended 30 June 2026. The distribution will be paid on 21 September 2026, with an ex-dividend date of 4 September...

Whitefield Industrials Declares Quarterly Dividend for June 2026 Period

Aug 17, 2026

Whitefield Industrials Limited has declared a quarterly dividend of AUD 0.0525 per ordinary fully paid share for the period ended 30 June 2026. The ex-dividend date is set for 4 September, with a record date of 7 September, and shareholders will rece...

Whitefield Industrials Switches to Quarterly Fully Franked Dividends

Aug 17, 2026

Whitefield Industrials Limited has shifted its dividend policy to pay fully franked dividends on a quarterly basis, aligning its distributions more closely with regular income needs of investors. For the quarter ended 30 June 2026, the board declared...

Whitefield Industrials Investors Back All AGM Resolutions

Aug 17, 2026

Whitefield Industrials Limited reported that all resolutions put to its 17 August 2026 Annual General Meeting were passed by poll, including the adoption of the remuneration report, the re-election of directors William Seddon and Lance Jenkins, and t...

Whitefield Industrials Reports Higher NTA and Persistent Share Price Discount

Aug 13, 2026

Whitefield Industrials Limited reported a pre-tax net tangible asset backing of $6.28 per share at 31 July 2026, up from $6.11 in the prior month, with its shares trading at $4.86, representing a 22.6% discount to NTA and gross assets of $762 million...

Whitefield sets investor webinar to update on income and industrial portfolios

Aug 9, 2026

Whitefield Ltd has scheduled a webinar for shareholders, advisers and interested parties to deliver an update on its Whitefield Income (WHI) full-year results and a first-quarter update for Whitefield Industrials (WHF). The session, to be led by key...

Whitefield Industrials Corrects Director Shareholding Disclosure

Aug 5, 2026

Whitefield Industrials Limited has corrected a typographical error in a previously lodged Appendix 3Y notice relating to director Lance Jenkins’ indirect holding in the company. The updated filing confirms that Jenkins holds 191,510 ordinary fu...

Whitefield Industrials Launches On-Market Share Buy-Back to Address Valuation Discount

Aug 4, 2026

Whitefield Industrials Limited has announced an on-market buy-back of up to 10% of its ordinary shares, responding to a share price that is trading below the company’s net asset backing. As of 30 June 2026, the stock was at $4.72 versus net ass...

Whitefield Industrials Launches On-Market Share Buy-Back

Aug 4, 2026

Whitefield Industrials Limited has announced an on-market buy-back of its ordinary fully paid shares traded under the ASX code WHF. The company has formally notified the market of the buy-back program, signalling an intention to repurchase shares dir...

Whitefield Industrials lifts Q1 profit and maintains strong dividend yield

Jul 15, 2026

Whitefield Industrials has reported a solid start to its 2027 financial year, posting net profit after tax of $4.4 million and earnings per share of 3.6 cents for the first quarter. Net profit rose 11% and EPS increased 9% compared with the same peri...

Whitefield Trades at Deep NTA Discount Despite Strong Income and Long‑Term Returns

Jul 12, 2026

Whitefield Industrials reported a June 30 net tangible asset backing of $6.11 per share before deferred tax and $5.43 after deferred tax, against a share price of $4.72 that leaves the stock trading at a 22.7% discount to NTA. The LIC highlighted a f...

Whitefield Industrials director lifts stake via dividend reinvestment

Jun 22, 2026

Whitefield Industrials director Lance W. Jenkins has increased his indirect holding in the company through the Charlieman Trust, participating in the firm’s dividend reinvestment plan on 19 June 2026. His beneficial interest rose by 4,301 ordin...

Whitefield director boosts stake via dividend reinvestment plan

Jun 22, 2026

Whitefield Industrials Limited has reported a change in the relevant interests of director Jenelle B Webster following her participation in the company’s dividend reinvestment plan. Through an indirect holding via the BJ Webster Super Fund, Web...

Whitefield Industrials lodges updated ASX corporate governance statement

Jun 22, 2026

Whitefield Industrials Limited has lodged its latest corporate governance statement for the financial year ended 31 March 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, approved by the board and current as...

Whitefield Industrials Seeks Quotation for New Dividend Plan Shares

Jun 21, 2026

Whitefield Industrials Limited has applied to the ASX for quotation of 447,831 new ordinary fully paid shares, issued on 19 June 2026 under a dividend or distribution plan. The additional stock modestly increases the company’s free float and re...

Whitefield Industrials Declares Six-Monthly Preference Share Distribution

Jun 1, 2026

Whitefield Industrials Limited has declared a six-monthly distribution of AUD 0.04 per security on its 8.0% cumulative preference shares, relating to the period ended 31 March 2026. The distribution will trade ex-dividend on 5 June 2026, with a recor...

Whitefield Industrials Declares Interim Dividend for March 2026 Half-Year

Jun 1, 2026

Whitefield Industrials Limited has declared an interim dividend of AUD 0.105 per ordinary fully paid share for the six-month period ended 31 March 2026, reinforcing its income-focused appeal to investors. The stock will trade ex-dividend on 5 June 20...

Whitefield Sets May 2026 Briefing on Industrials Year-End and Income Q3

May 21, 2026

Whitefield Ltd has flagged an update for May 2026 covering the year-end results for Whitefield Industrials and the third-quarter performance of Whitefield Income, with the presentation to be delivered by Chairman Angus Gluskie and Executive Director...

Whitefield Flags Industrials Year-End and Income Q3 Update

May 21, 2026

Whitefield Ltd has issued an update covering its Industrials year-end reporting and the Whitefield Income fund’s third-quarter results, indicating an ongoing schedule of performance communication to investors. The company highlighted that Chair...

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.

Date of analysis: Aug 19, 2026