Netwealth Group Ltd
NWL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$16.80 | Ycdc | Jrcdjwgvm |
Netwealth Remains Overvalued Following Market Over-Reaction to Second-Quarter Trading
We’ve maintained our fair value estimate for no-moat-rated Netwealth at AUD 6.00 per share following its second-quarter trading update. At the current market price of AUD 17.69, we consider the shares to be significantly overvalued. We consider the 12% share price jump, which followed the update, to be a massive over-reaction by the market despite the positives in the announcement.