Overview
WAM Capital gives investors exposure to a professionally managed portfolio of Australian equities, with an emphasis on smaller companies and opportunities the manager considers undervalued or mispriced. The attraction of that strategy is paired with meaningful performance risk: the supplied figures show revenue growth of -88.20% and EPS of -A$0.11. Its indicated dividend yield is 14.98%, while the A$1.00 share price sits at the supplied 52-week low and below both its 50-day and 200-day moving averages.
WAM Capital is a listed, closed-end investment fund managed by Wilson Asset Management. It invests in Australian public equities, with a focus on small- and mid-cap companies, particularly those in industrial sectors. Its approach combines fundamental and quantitative research to identify value and growth opportunities, including short-term arbitrage and perceived mispricing. The fund has an absolute-returns focus and benchmarks its portfolio against the S&P/ASX All Ordinaries Accumulation Index.
Key facts
- Ticker
- WAM
- Exchange
- AU
- ISIN
- AU000000WAM2
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- Australia
- Currency
- AUD
- Price
- A$1.00
- Previous close
- A$1.04
- Day change
- -A$0.04 (-3.38%)
- Market cap
- 1.2B
- 52W low
- A$1.00
- 52W high
- A$1.67
Price and trend
Last price: A$1.00
- Price
- A$1.00
- 52W range
- A$1.00 – A$1.67
- 50-day SMA
- A$1.33
- 200-day SMA
- A$1.59
- Price vs 50D SMA
- -24.61%
- Price vs 200D SMA
- -37.19%
Valuation
- P/E
- 0.00
- PEG
- 0.00
- EPS
- -0.11
- Dividend yield
- 14.98%
- Beta
- 0.43
WAM Capital has a supplied market capitalisation of 1.2B and a share price of A$1.00. With negative EPS of -A$0.11, a conventional earnings multiple is not a useful guide to valuation. The available figures also do not establish whether the share price is at a premium or discount to the value of its portfolio. Recent reported revenue growth of -88.20% and the share price’s position at the 52-week low make portfolio performance and earnings recovery important considerations when assessing the business.
Profitability and growth
- Revenue growth
- -88.20%
- Revenue TTM
- -193,962,960
- Profit margin
- 0.00%
Analyst view
- Price
- A$1.00
The investment case rests on the manager’s ability to find attractive opportunities among Australian smaller companies and translate them into portfolio returns. The supplied financial indicators are challenging: revenue growth is -88.20% and EPS is -A$0.11. Those figures warrant attention alongside the fund’s portfolio performance and future distributions. The share price’s position below its 50-day and 200-day averages adds a weak technical backdrop, although that is secondary to the underlying investment results.
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Risks
WAM Capital’s results depend on the performance and valuations of its Australian equity portfolio, including smaller companies that can be more volatile. The supplied figures show revenue growth of -88.20% and EPS of -A$0.11, pointing to material recent earnings pressure. A 14.98% indicated dividend yield should not be treated as assured, as distributions may vary with investment outcomes and company decisions. The share price is at the supplied 52-week low and well below both moving averages, reflecting weak recent price performance.
FAQ
What does WAM Capital do?
WAM Capital is a closed-end investment fund managed by Wilson Asset Management. It invests in Australian listed companies, with a focus on small- and mid-cap stocks, particularly in industrial sectors, and seeks value, growth and short-term mispricing opportunities.
What does WAM Capital’s dividend yield indicate?
The supplied dividend yield is 14.98%. That is a high indicated yield, but distributions can change and depend on the fund’s results and distribution decisions; the yield alone does not establish that future payments will be maintained.
How has WAM Capital’s share price compared with its recent trading range?
The share price is A$1.00, at the supplied 52-week low of A$1.00 and below the 52-week high of A$1.67. It is also below its 50-day and 200-day moving averages.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
