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WAM Alternative Assets Ltd (WMA) AI Stock Analysis
WAM Alternative Assets Ltd
(ASX:WMA)
The overall score reflects solid underlying profitability and a very strong, debt-free balance sheet weighed against weakening and negative cash flows that raise sustainability concerns, while the valuation is supported by a high dividend yield on a moderate earnings multiple and the technical picture shows a gentle downward drift with low volatility and emerging oversold characteristics rather than strong momentum in either direction.
WAM Alternative Assets Ltd (WMA) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 190.54M
- Dividend Yield
- 6.22%
- Average Volume (3M)
- 122.30K
- Price to Earnings (P/E)
- 17.0
- Beta (1Y)
- 0.15
- Revenue Growth
- 68.27%
- EPS Growth
- 78.62%
- Country
- Australia
- Employees
- ―
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
WAM Alternative Assets Ltd Business Overview & Revenue Model
Company Description
A listed investment company that provides retail investors with exposure to a portfolio of real assets, private equity, infrastructure, real estate and private debt strategies. The company's investment objectives are to deliver absolute returns throu...
How the Company Makes Money
WMA makes money primarily from investment returns generated by its portfolio of alternative assets. These returns typically come from (i) income and distributions received from underlying investments (for example, interest, coupons, rental-style inco...
WAM Alternative Assets Ltd Financial Statement Overview
Summary
Overall financial performance is solid but uneven: earnings quality and profit margins are strong and the balance sheet carries no debt with sizeable equity and assets, but cash generation has deteriorated sharply with sustained negative operating and free cash flow in recent years and declining returns on equity.
Income Statement
70PositiveBalance Sheet
85Very PositiveCash Flow
30Negative| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.03M | 20.03M | 11.77M | 11.45M | 15.14M | 26.81M |
| Gross Profit | 17.65M | 17.65M | 9.36M | 11.45M | 14.45M | 25.38M |
| EBITDA | 16.60M | 16.60M | 7.93M | 8.31M | 11.71M | 23.22M |
| Net Income | 11.19M | 11.19M | 6.34M | 6.23M | 9.48M | 18.05M |
Balance Sheet | ||||||
| Total Assets | 235.44M | 235.44M | 277.67M | 274.92M | 291.48M | 301.31M |
| Cash, Cash Equivalents and Short-Term Investments | 4.04M | 4.04M | 61.03M | 39.81M | 78.45M | 298.76M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8.22M | 8.22M | 47.25M | 47.97M | 58.09M | 69.39M |
| Stockholders Equity | 227.22M | 227.22M | 230.42M | 226.96M | 233.39M | 231.92M |
Cash Flow | ||||||
| Free Cash Flow | -24.84M | -24.84M | -8.11M | -11.53M | 21.53M | 20.58M |
| Operating Cash Flow | -24.84M | -24.84M | -8.11M | -11.53M | 21.53M | 20.58M |
| Investing Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -10.93M | -10.93M | -9.31M | -9.69M | -8.02M | -7.14M |
WAM Alternative Assets Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WMA, the sentiment is Negative. The current price of 0.96 is below the 20-day moving average (MA) of 0.97, below the 50-day MA of 0.98, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.27 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WMA.
WAM Alternative Assets Ltd Peers Comparison
Overall Rating
AU:WLE72Outperform
AU:WAR69Neutral- AU:WMA66Neutral
AU:WMI59Neutral
AU:WAM54.25Neutral
AU:WAX49Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:WLE | 72Outperform | AUD 2.07B | 10.88 | 8.92% | 7.42% | 125.29% | 151.28% |
| AU:WAR | 69Neutral | AUD 194.54M | 15.30 | 5.38% | 6.02% | 13.71% | 10.49% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:WMA | 66Neutral | AUD 190.54M | 16.99 | 4.92% | 6.22% | 68.27% | 78.62% |
| AU:WMI | 59Neutral | AUD 310.88M | -2189.68 | -0.04% | 9.81% | -95.35% | -99.87% |
| AU:WAM | 54Neutral | AUD 1.12B | -9.02 | -7.37% | 15.69% | -145.54% | -156.29% |
| AU:WAX | 49Neutral | AUD 164.88M | -5.79 | -14.16% | 12.96% | -181.06% | -195.83% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:WMA | WAM Alternative Assets Ltd | 0.96 | -0.00 | -0.41% | |
| AU:WAM | WAM Capital Ltd. | 0.98 | -0.60 | -37.97% | |
| AU:WAR | WAM Strategic Value Ltd | 1.08 | 0.07 | 6.93% | |
| AU:WMI | WAM Microcap Ltd. | 1.10 | -0.40 | -26.38% | |
| AU:WLE | WAM Leaders Limited | 1.28 | -0.01 | -0.93% | |
| AU:WAX | WAM Research Ltd. | 0.79 | -0.33 | -29.72% |
WAM Alternative Assets Ltd Corporate Events
WAM Alternative Assets Schedules FY2026 Results Q&A Webinar
WAM Alternative Assets Ltd will hold a FY2026 full-year results Q&A webinar on Wednesday 9 September 2026 at 11:00am Sydney time. Portfolio manager Nick Kelly and investment analyst Jacob Grover will brief shareholders on the performance and posi...
WAM Alternative Assets boosts profit and dividends on strong portfolio gains
WAM Alternative Assets reported a 9.1% investment portfolio return for the year to 30 June 2026, with performance since Wilson Asset Management’s appointment in 2020 averaging 8.9% per annum. The portfolio delivered these gains with significant...
WAM Alternative Assets Delivers Strong Profit Growth and Maintains Dividend Payouts
WAM Alternative Assets reported a sharp uplift in performance for the year to 30 June 2026, with revenue from ordinary activities rising 68.3% to $20.0 million and pre-tax profit nearly doubling, up 99.8% to $16.6 million. Net profit after tax advanc...
WAM Alternative Assets Declares Six-Month Dividend for June 2026 Period
WAM Alternative Assets Ltd has declared a six-month dividend of AUD 0.03 per ordinary share for the period ending 30 June 2026, reinforcing its income-focused proposition for shareholders. The stock will trade ex-dividend on 16 November 2026, with a...
WAM Alternative Assets details governance framework for 2026
WAM Alternative Assets Limited has released its 2026 Corporate Governance Statement, confirming its adoption of the ASX Corporate Governance Council’s Principles and Recommendations (4th Edition, 2019 Amendments) for the year ended 30 June 2026...
WAM Alternative Assets lodges ASX corporate governance disclosures for 2026
WAM Alternative Assets Ltd has lodged its Appendix 4G and corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rules on governance disclosure. The statement, current as at 28 August 2026 and...
WAM Alternative Assets gains on water exposure as NTA edges higher
WAM Alternative Assets reported that its investment portfolio rose in July 2026, supported by its 12.7% allocation to Australian water entitlements, mainly in the Murray Darling Basin. Net tangible assets after tax increased to 118.45 cents per share...
WAM Alternative Assets boosts NTA as portfolio pivots to new private equity holdings
WAM Alternative Assets reported a June 2026 pre-tax net tangible asset value of 119.01 cents per share, up from May, with the post-tax NTA at 117.99 cents after a $2 million tax provision adjustment for the 2025 financial year. The company maintains...
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: Sep 06, 2026