profit from every A$100 of sales.
A$0A$100
WAM Capital
A$1.02+3.03% today
-41.9% in 1 year
1-year low A$0.951-year high A$1.86
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2025.
0%20% a year
You pay A$5.33 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What WAM Capital sold, what it kept, and what it did with the cash.
Sales went from -A$407 million in 2022 to A$324 million in 2025, with A$220 million of profit last year.
SalesProfit
WAM Capital handed back more cash to shareholders than it generated last year.
A$153M
Free cash flow 2025A$109M
Bought back its own shares–
Paid as dividendsA$153M
WAM Capital vs. similar companies
WAM Capital grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| WAM Capital | 5.3× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads WAM Capital's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -407 | 251 | 337 | 324 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -294 | 173 | 229 | 220 | |
| -0.31 | 0.16 | 0.21 | 0.20 | |
| – | – | – | – | |
| – | – | – | – | |
| 72.2% | 69.1% | 67.9% | 67.8% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,766 | 1,780 | 1,932 | 2,029 |
| Cash | 230 | 134 | 212 | 168 |
| Total debt | – | – | – | – |
| Total liabilities | 60 | 48 | 122 | 153 |
| 1,707 | 1,732 | 1,810 | 1,876 | |
| 937 | 1,093 | 1,106 | 1,119 | |
| – | – | – | – | |
| -17.2% | 10.0% | 12.7% | 11.7% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| – | – | – | – | |
| 215 | 52 | 230 | 109 | |
| Dividends paid | 133 | 148 | 152 | 153 |
| 1 | – | – | – | |
| – | – | – | – |
Valuation
- 5.3×
- –
- 0.47
- 0.9×
- 3.6×
- 10.7×
- –
- 9.3%
- 18.8%
- 13.1%
Profitability
- –
- –
- 67.8%
- –
- –
- –
- –
- –
- –
- –
Growth
- +13.7%
- +11.3%
- –
- –
- +6.1%
Financial health
- –
- –
- –
- –
- –
- –
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 6%of 880
Top 32%of 878
Top 30%of 932
13.1%of the share price, paid each year
On $1,000 invested$131a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
69.8% of its profit
Room to growStretchedMore than it earns: 140.3%
News
Eagle Capital Growth Fund declares $0.49 dividendSeeking Alpha · Nov 14, 2026Uwharrie Capital GAAP EPS of $0.37, revenue of $13.27MSeeking Alpha · Nov 14, 2026Jefferson Capital Non-GAAP EPS of $0.83 beats by $0.10, revenue of $185.51M beats by $8.49MSeeking Alpha · Nov 13, 2026Kalshi plans fresh capital raise at $65B valuation - reportSeeking Alpha · Nov 12, 2026Fiera Capital Non-GAAP EPS of C$0.19, revenue of C$150.4MSeeking Alpha · Nov 12, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about WAM Capital
Is WAM Capital a good stock to buy?
A strong, very profitable business, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the WAM Capital AI analysis
What does WAM Capital do?
WAM Capital Limited is a close-ended equity mutual fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund invests in public equity markets of Australia. It makes its investments in companies primarily engaged in the industrial sector. It is in Asset Management, based in Sydney, NSW, Australia.
Does WAM Capital pay a dividend?
Yes. At today's price the dividend is 13.1% a year, about 70% of its yearly profit. In 2025 it paid out A$153 million in dividends.
How has WAM Capital stock done over the past year?
Down 41.9% over the past twelve months, to A$1.02. It traded between A$0.95 and A$1.86 and is 45.2% below its high.
Who are WAM Capital's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with WAM Capital's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.