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Whitefield Ltd
(Sydney:WHF)
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Rating:76Outperform
Price Target:
AU$5.50
â–˛(1.48% 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 Profitability
Sustained 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 Contraction
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Profitability
Sustained 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.
Read all positive factors
Whitefield Ltd (WHF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$594.36M
Dividend Yield5.36%
Average Volume (3M)76.07K
Price to Earnings (P/E)27.5
Beta (1Y)0.54
Revenue Growth-3.01%
EPS Growth-6.00%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.18
Shares Outstanding121,297,550
10 Day Avg. Volume101,402
30 Day Avg. Volume76,069
Financial Highlights & Ratios
PEG Ratio-5.20
Price to Book (P/B)0.92
Price to Sales (P/S)23.21
P/FCF Ratio28.45
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
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 gain...
Whitefield Ltd Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.59M | 26.38M | 24.68M | 21.82M | 20.48M |
| Gross Profit | 23.50M | 26.31M | 24.68M | 21.82M | 19.87M |
| EBITDA | 22.56M | 23.65M | 0.00 | 19.14M | 17.85M |
| Net Income | 21.15M | 22.39M | 20.43M | 18.01M | 16.79M |
Balance Sheet | |||||
| Total Assets | 722.08M | 728.60M | 723.88M | 623.82M | 650.90M |
| Cash, Cash Equivalents and Short-Term Investments | 6.97M | 6.92M | 8.52M | 5.24M | 5.65M |
| Total Debt | 0.00 | 0.00 | 25.39M | 25.21M | 25.03M |
| Total Liabilities | 75.66M | 78.42M | 106.81M | 72.50M | 92.71M |
| Stockholders Equity | 646.42M | 650.17M | 617.07M | 551.32M | 558.20M |
Cash Flow | |||||
| Free Cash Flow | 20.88M | 16.55M | 19.70M | 18.23M | 14.11M |
| Operating Cash Flow | 20.88M | 16.55M | 19.70M | 18.23M | 14.11M |
| Investing Cash Flow | 438.34K | 14.48M | 4.19M | -21.35M | -64.96M |
| Financing Cash Flow | -21.27M | -32.62M | -20.61M | 2.71M | 50.47M |
Whitefield Ltd Technical Analysis
Negative
5.42
Price Trends
4.86
Positive
4.78
Positive
4.96
Negative
Market Momentum
0.02
Positive
46.36
Neutral
42.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WHF, the sentiment is Negative. The current price of 5.42 is above the 20-day moving average (MA) of 4.97, above the 50-day MA of 4.86, and above the 200-day MA of 4.96, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 42.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WHF.
Whitefield Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$594.36M | 27.52 | 3.12% | 3.83% | -3.01% | -6.00% | |
70 Neutral | AU$193.19M | -461.11 | -0.22% | ― | -7.93% | -101.72% | |
69 Neutral | AU$63.23M | 18.45 | 8.01% | ― | 21.42% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$4.99B | 81.32 | 38.95% | 1.98% | 21.01% | -48.10% | |
54 Neutral | AU$309.54M | 44.93 | 5.79% | 3.72% | 7.20% | -51.06% | |
38 Underperform | AU$11.21M | -3.44 | -19.59% | ― | ― | ― |
* Financial Sector Average
AU:WHF
Whitefield Ltd
4.86
-0.43
-8.08%
AU:RZI
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0.62
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0.62
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0.82
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0.18
0.04
28.57%
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 Septem...
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 r...
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 decla...
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, an...
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 mill...
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 k...
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...
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 ...
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 ...
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 p...
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 ...
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 or...
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, ...
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...
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...
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 re...
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...
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 Direct...
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 Ch...
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.