Want to see AU:WLE full AI Analyst Report?
Top Page
WAM Leaders Limited
(Sydney:WLE)
Select Model
Select Model
Rating:72Outperform
Price Target:
AU$1.50
â–²(11.94% Upside)
Action:Reiterated
Date:08/19/26
The score is primarily supported by strong financial resilience (notably the debt-free balance sheet) and attractive shareholder return characteristics (high dividend yield with a moderate P/E). This is tempered by weaker technical momentum (oversold but still in a downtrend) and historically uneven cash-flow consistency, which adds execution and sustainability risk.
Positive Factors
Debt-free balance sheet
A debt-free structure materially limits financial risk and interest obligations. Growing equity and stable assets provide resilience through market cycles, preserve flexibility for portfolio management, and support WLE’s ability to maintain shareholder distributions.
Negative Factors
Inconsistent cash conversion
The history of negative operating and free cash flow shows that accounting profitability has not converted consistently into cash. Such swings can make distributions less predictable and expose results to portfolio activity, working-capital movements, or investment timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free structure materially limits financial risk and interest obligations. Growing equity and stable assets provide resilience through market cycles, preserve flexibility for portfolio management, and support WLE’s ability to maintain shareholder distributions.
Read all positive factors
WAM Leaders Limited (WLE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.04B
Dividend Yield7.22%
Average Volume (3M)1.46M
Price to Earnings (P/E)11.2
Beta (1Y)0.50
Revenue Growth125.29%
EPS Growth151.28%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,549,946,500
10 Day Avg. Volume1,467,354
30 Day Avg. Volume1,456,311
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.02
Price to Sales (P/S)7.39
P/FCF Ratio8.71
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 Leaders Limited Business Overview & Revenue Model
Company Description
WAM Leaders Limited functions as a closed-end equity investment vehicle, established and managed by Wilson Asset Management (International) Pty Limited. MAM Pty Limited contributes to its oversight as a co-manager. The fund's strategy focuses on p...
How the Company Makes Money
WAM Leaders Limited makes money primarily through investment returns generated on its portfolio of listed equities. Its key economic drivers are: (1) capital growth, where the market value of its investments increases over time and contributes to ...
WAM Leaders Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 109.99M | 249.49M | 109.99M | 47.88M | 194.87M | 134.86M |
| Gross Profit | 109.99M | 219.87M | 109.99M | 21.78M | 169.87M | 69.80M |
| EBITDA | 78.95M | 218.32M | 78.95M | 20.16M | 168.99M | 68.57M |
| Net Income | 63.84M | 161.84M | 63.84M | 22.34M | 130.08M | 65.76M |
Balance Sheet | ||||||
| Total Assets | 1.88B | 1.94B | 1.88B | 1.74B | 1.83B | 1.58B |
| Cash, Cash Equivalents and Short-Term Investments | 21.59M | 1.87B | 21.59M | 16.56M | 60.11M | 42.63M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 101.76M | 122.17M | 101.76M | 48.05M | 56.10M | 159.93M |
| Stockholders Equity | 1.77B | 1.81B | 1.77B | 1.69B | 1.78B | 1.42B |
Cash Flow | ||||||
| Free Cash Flow | 122.67M | 211.80M | 122.67M | 63.31M | -114.28M | -193.12M |
| Operating Cash Flow | 122.67M | 211.80M | 122.67M | 63.31M | -114.28M | -193.12M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -118.77M | -121.85M | -118.77M | -106.89M | 133.72M | 204.69M |
WAM Leaders Limited Technical Analysis
Negative
1.34
Price Trends
1.36
Negative
1.34
Negative
1.32
Negative
Market Momentum
-0.01
Positive
38.19
Neutral
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WLE, the sentiment is Negative. The current price of 1.34 is above the 20-day moving average (MA) of 1.34, below the 50-day MA of 1.36, and above the 200-day MA of 1.32, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.19 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WLE.
WAM Leaders Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$2.04B | 11.18 | 8.92% | 7.22% | 125.29% | 151.28% | |
71 Outperform | AU$2.20B | 24.16 | 5.64% | 5.71% | -16.00% | ― | |
70 Outperform | AU$3.27B | 18.06 | 16.92% | 4.20% | 22.38% | 22.74% | |
69 Neutral | AU$3.07B | 19.36 | 49.77% | 2.48% | 586.06% | 463.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$3.22B | 19.71 | 6.21% | 3.50% | 44.63% | -63.30% | |
63 Neutral | AU$565.68M | 43.45 | 2.07% | 4.15% | 45.10% | 44.28% |
* Financial Sector Average
AU:WLE
WAM Leaders Limited
1.32
0.05
3.71%
AU:PPT
Perpetual Limited
19.09
0.44
2.36%
AU:L1G
Platinum Asset Management Ltd
1.21
0.55
82.23%
AU:PNI
Pinnacle Investment Management Group Limited
14.27
-4.30
-23.15%
AU:MFF
MFF Capital Investments Ltd.
5.43
0.83
17.97%
AU:MIR
Mirrabooka Investments Ltd
2.52
-0.67
-21.08%
WAM Leaders Limited Corporate Events
WAM Leaders lifts NTA, boosts dividend and launches discounted share purchase plan
Aug 19, 2026
WAM Leaders Limited has reported an estimated pre-tax net tangible asset value of $1.34 per share as at 18 August 2026, with its investment portfolio rising 1.6% and continuing to outperform the SP/ASX 200 Accumulation Index since inception. The b...
WAM Leaders lifts dividend on strong outperformance and completes $225m capital raising
Aug 18, 2026
WAM Leaders Limited reported a 14.0% increase in its investment portfolio for the year to 30 June 2026, beating the SP/ASX 200 Accumulation Index by 7.9% and delivering a 21.0% total shareholder return, or 24.7% including franking credits. The boa...
WAM Leaders posts strong profit growth and maintains fully franked dividends
Aug 17, 2026
WAM Leaders Limited reported a sharp improvement in its financial performance for the year ended 30 June 2026, with revenue from ordinary activities rising 125.3% to $249.5 million and net profit after tax jumping 153.5% to $161.8 million compared...
WAM Leaders Updates Governance Framework for 2026, Emphasising Board Oversight and External Management
Aug 17, 2026
WAM Leaders Limited has released its 2026 Corporate Governance Statement, confirming that its board has adopted the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations, with some exceptions tailored to its size and ...
WAM Leaders boosts capital with institutional share placement
Aug 14, 2026
WAM Leaders Limited has completed an institutional placement, issuing 169,811,321 fully paid ordinary shares at $1.325 each to professional investors. The move bolsters the company’s capital base, potentially expanding its capacity to pursue...
WAM Leaders Seeks ASX Quotation for 169.8 Million New Shares
Aug 14, 2026
WAM Leaders Limited has applied to the ASX for quotation of 169,811,321 ordinary fully paid shares under its existing WLE ticker. The new securities, issued on 14 August 2026, expand the company’s listed equity base and are expected to incre...
WAM Leaders outlines FY2026 results and SPP webinar details
Aug 12, 2026
WAM Leaders has released materials relating to its FY2026 full-year results and a Share Purchase Plan (SPP) webinar presented by lead portfolio manager Matthew Haupt and portfolio manager John Ayoub. The release provides access to a recording for ...
WAM Leaders Schedules FY2026 Results Webinar With Extended Q&A
Aug 10, 2026
WAM Leaders Limited will hold a FY2026 full-year results webinar on Tuesday, 11 August 2026, at 11:00 a.m. Sydney time. Lead Portfolio Manager Matthew Haupt and Portfolio Manager John Ayoub will provide an update on the investment portfolio and sh...
WAM Leaders launches discounted share purchase plan to fund new large-cap opportunities
Aug 10, 2026
WAM Leaders Limited has launched a Share Purchase Plan allowing eligible shareholders to acquire up to $30,000 in new shares at a discount to the prevailing market price, without brokerage, while still receiving the fully franked final dividend of...
WAM Leaders launches discounted share purchase plan after A$225m placement
Aug 10, 2026
WAM Leaders Limited has launched a Share Purchase Plan allowing eligible shareholders to buy up to A$30,000 of new shares at an issue price set at the lower of A$1.325 or a 2.5% discount to the five-day VWAP, equating to a 5% discount to the curre...
WAM Leaders Launches Share Purchase Plan for Eligible Investors
Aug 10, 2026
WAM Leaders Limited has announced a Share Purchase Plan that will allow eligible shareholders to acquire up to $30,000 worth of fully paid ordinary shares without a full disclosure document under the Corporations Act. The offer, made in accordance...
WAM Leaders Plans Major Share Issuance via SPP and Placement
Aug 10, 2026
WAM Leaders Limited has announced plans to significantly increase its ordinary fully paid share capital through a securities purchase plan and a separate placement. The moves underscore the company’s ongoing capital management strategy as it...
WAM Leaders Upsizes $225m Share Placement and Lifts FY2026 Dividend
Aug 10, 2026
WAM Leaders Limited has completed an upsized $225 million placement of new shares to professional and sophisticated investors at $1.325 per share, after demand exceeded the initial target and forced an early close and scale-back of allocations. Th...
WAM Leaders lifts NTA and maintains strong fully franked dividend stream
Aug 5, 2026
WAM Leaders reported a July 2026 pre-tax net tangible asset value of 135.29 cents per share and an after-tax NTA of 132.31 cents, reflecting a provision of $41.1 million for FY2026 tax. Since its May 2016 inception, the investment portfolio has de...
WAM Leaders Seeks Trading Halt Ahead of Major Capital Raising
Aug 5, 2026
WAM Leaders Limited has requested an immediate trading halt on its securities on the ASX, with the halt to remain in place until either 10 August 2026 or the release of a pending announcement. The request has been authorised by the company’s...
WAM Leaders lifts dividend on strong FY2026 portfolio outperformance
Jul 29, 2026
WAM Leaders Limited reported a 14.0% increase in its investment portfolio for FY2026, beating the SP/ASX 200 Accumulation Index by 7.9%. The company’s total shareholder return reached 21.0%, or 24.7% when including franking credits, supporte...
WAM Leaders Declares Interim Dividend for June 2026 Half-Year
Jul 28, 2026
WAM Leaders Limited has declared a dividend of AUD 0.048 per ordinary fully paid share for the six-month period ended 30 June 2026, underscoring its ongoing commitment to income distributions for shareholders. The dividend will be paid on 30 Novem...
WAM Leaders lifts June performance and flags dividend sustainability
Jul 6, 2026
WAM Leaders reported that its investment portfolio rose in June 2026, beating the SP/ASX 200 Accumulation Index and lifting pre‑tax net tangible assets to 133.27 cents per share. The company highlighted a 7.2% annualised fully franked interi...
WAM Leaders Outperforms Market as Rio Tinto and Goodman Drive NTA and Dividend Strength
Jun 4, 2026
WAM Leaders reported that its investment portfolio rose in May 2026, outperforming the SP/ASX 200 Accumulation Index and lifting net tangible assets to 131.55 cents per share after tax, despite a $4 million tax payment. The company highlighted an ...
WAM Leaders Extends Management Deal With Wilson Asset Management to 2031
May 22, 2026
WAM Leaders Limited has extended its Investment Management Agreement with MAM Pty Limited, part of the Wilson Asset Management Group, pushing the term out to 23 May 2031 following the expiry of the initial period. The renewal underlines the board&...
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.