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WCM Global Growth Ltd.
(Sydney:WQG)
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Rating:74Outperform
Price Target:
AU$2.00
â–˛(2.04% Upside)
Action:Reiterated
Date:08/24/26
The score is primarily driven by strong balance-sheet quality (no debt) and very strong reported profitability, but it is capped by the major red flag of sharply negative operating and free cash flow in 2025–2026. Technicals are supportive with an uptrend and positive momentum, and valuation is favorable with a low P/E and solid dividend yield.
Positive Factors
Debt-free balance sheet
Zero total debt across all periods materially reduces leverage and refinancing exposure, giving the investment company greater resilience through market or portfolio volatility. A debt-free structure also preserves flexibility to retain capital and support shareholder distributions without servicing obligations.
Negative Factors
Negative cash generation
The shift from positive operating and free cash flow in 2023–2024 to sharply negative outcomes in 2025–2026 creates a substantial earnings-quality concern. Persistent weak cash conversion could reduce liquidity flexibility and constrain capital allocation even though the company carries no debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt across all periods materially reduces leverage and refinancing exposure, giving the investment company greater resilience through market or portfolio volatility. A debt-free structure also preserves flexibility to retain capital and support shareholder distributions without servicing obligations.
Read all positive factors
WCM Global Growth Ltd. (WQG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$520.45M
Dividend Yield4.67%
Average Volume (3M)209.81K
Price to Earnings (P/E)6.7
Beta (1Y)0.43
Revenue Growth-5.33%
EPS Growth-20.20%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.28
Shares Outstanding276,103,180
10 Day Avg. Volume245,793
30 Day Avg. Volume209,807
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)0.87
Price to Sales (P/S)4.56
P/FCF Ratio-9.81
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
WCM Global Growth Ltd. Business Overview & Revenue Model
Company Description
WCM Global Growth Limited is a listed investment company that provides investors with access to an actively managed portfolio of quality global companies, primarily in the high growth consumer, technology, and healthcare sectors. The portfolio is ...
WCM Global Growth Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
87
Very Positive
Cash Flow
34
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.11M | 107.68M | 69.77M | 57.51M | -63.53M |
| Gross Profit | 95.39M | 107.68M | 69.77M | 57.37M | -67.66M |
| EBITDA | 93.84M | 98.90M | 65.52M | 52.85M | -842.00K |
| Net Income | 66.72M | 69.53M | 45.34M | 37.18M | -48.06M |
Balance Sheet | |||||
| Total Assets | 604.08M | 461.68M | 307.24M | 273.60M | 245.03M |
| Cash, Cash Equivalents and Short-Term Investments | 34.20M | 17.86M | 306.66M | 5.21M | 10.46M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 66.23M | 54.32M | 31.81M | 17.35M | 11.65M |
| Stockholders Equity | 537.85M | 407.36M | 275.43M | 256.25M | 233.38M |
Cash Flow | |||||
| Free Cash Flow | -47.51M | -54.69M | 31.27M | 9.07M | -4.97M |
| Operating Cash Flow | -47.51M | -54.69M | 31.27M | 9.07M | -4.97M |
| Investing Cash Flow | 69.00K | -178.00K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 63.78M | 62.40M | -26.16M | -14.32M | 4.87M |
WCM Global Growth Ltd. Technical Analysis
Negative
1.96
Price Trends
2.04
Negative
2.01
Negative
1.89
Negative
Market Momentum
-0.04
Positive
31.06
Neutral
27.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WQG, the sentiment is Negative. The current price of 1.96 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.04, and above the 200-day MA of 1.89, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 31.06 is Neutral, neither overbought nor oversold. The STOCH value of 27.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WQG.
WCM Global Growth Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$558.69M | 2.77 | 35.15% | 4.56% | -18.90% | ― | |
76 Outperform | AU$574.95M | 27.01 | 3.12% | 5.54% | -3.01% | -6.00% | |
74 Outperform | AU$520.45M | 6.73 | 13.90% | 4.67% | -5.33% | -20.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$655.45M | 22.39 | 4.65% | 0.00% | -61.20% | -63.78% | |
59 Neutral | AU$729.99M | -20.65 | -4.16% | 8.42% | -123.14% | -133.85% | |
58 Neutral | AU$517.06M | 39.83 | 2.07% | 4.53% | 45.10% | 44.28% |
* Financial Sector Average
AU:WQG
WCM Global Growth Ltd.
1.89
-0.09
-4.70%
AU:RG1
VGI Partners Global Investments Ltd.
2.41
0.54
28.60%
AU:WHF
Whitefield Ltd
4.74
-0.56
-10.50%
AU:WGB
WAM Global Ltd.
2.03
-0.35
-14.85%
AU:FGG
Future Generation Global Limited
1.63
0.10
6.54%
AU:MIR
Mirrabooka Investments Ltd
2.31
-0.81
-25.89%
WCM Global Growth Ltd. Corporate Events
WCM Global Growth Posts Slight Premium to NTA in Weekly Update
Oct 19, 2026
WCM Global Growth Limited reported its estimated unaudited net tangible asset backing per share as at 16 October 2026, with NTA before tax of $1.985 and NTA after tax of $1.807. The company’s shares closed at $1.995 on the same date, indicat...
WCM Global Growth Extends Benchmark-Beating Run Amid Portfolio Shift
Oct 13, 2026
WCM Global Growth Ltd. reported a 2.40% portfolio return for September, beating its MSCI All Country World Index (ex-Australia) benchmark’s 2.07% and extending outperformance over three-year and since-inception periods. The listed investment...
WCM Global Growth Updates Unaudited NTA Backing for October
Oct 12, 2026
WCM Global Growth Limited has reported an estimated unaudited net tangible asset backing per share as at 9 October 2026, with NTA before tax at $2.049 and NTA after tax at $1.852. The company’s closing share price on the same date was $2.020...
WCM Global Growth Sets November AGM to Approve Placement and Board Resolutions
Oct 8, 2026
WCM Global Growth Limited has called its 2026 Annual General Meeting for 11 November in Sydney, outlining a full agenda that includes receiving the 2026 financial statements, adopting the remuneration report and re-electing non-executive directors...
WCM Global Growth Releases 2026 Annual Financial Report
Oct 8, 2026
WCM Global Growth Limited has released its financial report for the year ended 30 June 2026, including the chair’s report, directors’ report, audited financial statements and additional information for listed companies. The comprehensi...
WCM Global Growth Updates Unaudited NTA as Shares Trade Near Asset Value
Oct 6, 2026
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing of $2.064 per share before tax and $1.862 per share after tax as at 2 October 2026, with a closing share price of $2.040. The NTA figures, calculated after all fe...
WCM Global Growth Issues Underwritten DRP Shares, Confirms Regulatory Compliance
Sep 30, 2026
WCM Global Growth Limited has issued 2,765,466 fully paid ordinary shares at $1.99 per share to Taylor Collison Limited, with support from Ord Minnett and Morgans Financial, under an underwriting agreement for its Dividend Reinvestment Plan tied t...
WCM Global Growth Lists New Shares from Dividend Plan on ASX
Sep 30, 2026
WCM Global Growth Ltd. has applied for quotation on the ASX of 3,266,516 new ordinary fully paid shares under its dividend or distribution plan.The newly issued shares, dated 30 September 2026, will expand the company’s listed capital base a...
WCM Global Growth posts updated NTA and dividend-adjusted valuation
Sep 28, 2026
WCM Global Growth Limited has released its estimated unaudited net tangible asset figures as at 25 September 2026, reporting pre-tax NTA of $2.065 per share and post-tax NTA of $1.860 per share, based on 276,610,625 shares on issue. The company...
WCM Global Growth posts updated NTA and dividend-adjusted asset backing
Sep 21, 2026
WCM Global Growth Limited has reported an estimated unaudited net tangible asset backing per share as at 18 September 2026, with NTA before tax of $1.991 and NTA after tax of $1.809. The figures reflect all fees, expenses and company assets, and a...
WCM Global Growth fully underwrites DRP to support capital growth and liquidity
Sep 20, 2026
WCM Global Growth Ltd has fully underwritten its Dividend Reinvestment Plan for a fully franked final dividend of 2.35 cents per share, securing $6.5 million in underwriting support from Taylor Collison, backed by Ord Minnett and Morgans Financial...
WCM Global Growth Updates Unaudited NTA Ahead of Market Price
Sep 15, 2026
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing per share as at 11 September 2026, with NTA before tax at $2.011 and NTA after tax at $1.829. The company’s shares closed at $2.060 on the same date, indica...
WCM Global Growth trims August returns as it repositions for AI boom
Sep 14, 2026
WCM Global Growth Ltd. reported that its portfolio returned -0.85% in August, underperforming the MSCI All Country World Index ex-Australia’s 0.66% gain, though it continues to beat the benchmark over three-year periods and since its 2017 in...
WCM Global Growth Sets Key Dates for 2026 AGM and Director Nominations
Sep 11, 2026
WCM Global Growth Limited has scheduled its 2026 Annual General Meeting of shareholders for 11 November 2026, in line with ASX listing requirements. The company will provide the formal Notice of Meeting and further AGM details to shareholders at a...
WCM Global Growth posts updated NTA showing shares trade near asset backing
Sep 7, 2026
WCM Global Growth Limited has reported an estimated unaudited net tangible asset backing per share of $2.046 before tax and $1.852 after tax as at 4 September 2026. The company’s shares closed at $2.09 on that date, indicating a modest premi...
WCM Global Growth Lifts Dividend and Enhances DRP Pricing Terms
Sep 3, 2026
WCM Global Growth has declared an increased fully franked final dividend of 2.35 cents per share for the quarter ended 30 June 2026, to be paid on 30 September with a record date of 15 September, reflecting strong financial results and solid divid...
WCM Global Growth posts latest unaudited NTA and highlights investor considerations
Sep 1, 2026
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing per share as at 28 August 2026, with NTA before tax at $2.053 and NTA after tax at $1.857. The company also noted a closing share price of $2.140, with NTA calcul...
WCM Global Growth lifts dividends on back of strong FY2026 performance
Aug 20, 2026
WCM Global Growth Limited reported net operating profit after tax of $66.7 million for FY2026, slightly below the prior year but supported by a higher net tangible asset value per share and a 16.58% portfolio return. While the portfolio lagged its...
WCM Global Growth Lodges Updated Corporate Governance Statement with ASX
Aug 20, 2026
WCM Global Growth Ltd. has lodged its corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council principles. The statement is ...
WCM Global Growth Declares Quarterly Dividend for June 2026 Period
Aug 20, 2026
WCM Global Growth Ltd. is an ASX-listed investment company investing in global growth equities through its ordinary fully paid WQG shares, aiming to deliver both capital appreciation and regular income to shareholders. By maintaining a pattern of ...
WCM Global Growth lifts final dividend and upgrades progressive payout policy after strong FY2026
Aug 20, 2026
WCM Global Growth Limited has reported net operating profit after tax of $66.7 million for FY2026, driven mainly by gains in its global equity portfolio and the performance of its investment adviser. Pre-tax net tangible asset value per share rose...
WCM Global Growth lifts dividend payouts despite softer 2026 earnings
Aug 20, 2026
WCM Global Growth Ltd. reported a decline in revenues from ordinary activities to A$102.1 million for the year ended 30 June 2026, down 5.3% from the prior year. Profit from ordinary activities after tax attributable to members fell to A$66.7 mill...
WCM Global Growth Updates Weekly NTA Ahead of Market Close
Aug 17, 2026
WCM Global Growth Limited reported an estimated unaudited net tangible asset backing per share as at 14 August 2026, with NTA before tax of $2.110 and NTA after tax of $1.897, against a closing share price of $2.100. The disclosure, calculated aft...
WCM Global Growth Flags July Pullback but Maintains Long‑Term Outperformance
Aug 13, 2026
WCM Global Growth Ltd. reported key portfolio metrics as at 31 July 2026, including a pre‑tax NTA of A$2.06 per share and an after‑tax NTA of A$1.86, alongside a month‑end share price of A$2.02 and a fully franked annual dividend...
WCM Global Growth posts updated NTA showing modest discount to market price
Aug 10, 2026
WCM Global Growth Limited has reported an estimated unaudited net tangible asset backing per share as at 7 August 2026, with NTA before tax of $2.067 and NTA after tax of $1.867. The company’s shares closed at $2.020 on the same date, highli...
WCM Global Growth Posts Weekly NTA Update for 31 July 2026
Aug 3, 2026
WCM Global Growth Ltd. reported its estimated unaudited Net Tangible Asset backing per share as at 31 July 2026, with NTA before tax at $2.060 and NTA after tax at $1.862. The closing share price on the same date was $2.020, with NTA figures calcu...
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.