About
About Netwealth Group Limited
Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. The company operates a platform that offers superannuation, including accumulation and retirement income products; investor directed portfolio services for self-managed superannuation and non-superannuation investments; managed accounts and funds, self-managed superannuation funds administration; and non-custodial administration and reporting services. It also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, annuities, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions. In addition, the company offers superannuation master fund; and portfolio management tools, performance tools, investment research tools, and mobile access tools. It provides its financial services to investors and non-institutional intermediaries, including financial advisers, private clients, and high net worth firms. The company was founded in 1999 and is headquartered in Melbourne, Australia.
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5 years, 5 months ago
Netwealth Group Limited is currently in a long term uptrend where the price is trading 1.7% above its 200 day moving average.
From a valuation standpoint, the stock is 53.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 24.6.
Netwealth Group Limited's total revenue rose by 24.1% to $71M since the same quarter in the previous year.
Its net income has increased by 34.5% to $28M since the same quarter in the previous year.
Finally, its free cash flow fell by 43.2% to $9M since the same quarter in the previous year.
Based on the above factors, Netwealth Group Limited gets an overall score of 4/5.