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Whitefield Income Ltd (WHI) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Whitefield Income Ltd stock A$0.63, price A$1.23, that is 48.6% below the price, quality 80 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services AU · ISIN AU0000360018

WI Whitefield Income Ltd logo Thin data Nov 8, 2026

Whitefield Income Ltd

WHI · AU
Strong quality, but very expensive

Our calculation puts a fair price 49% below what the stock costs today.

Quality 80/100
Highly profitable · 79.9% net margin (TTM)
Revenue last quarter +37% vs. a year ago.
Mixed Growth (revenue YoY +762640.7 %/yr in AUD)
5.7% dividend yield · Payout strained
Mixed vs. peers (5/10)
Wide moat 66/100 · thin data
Fair value A$0.6300 · Strongly overvalued
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$1.42 A$1.11 Fair Value A$0.6300 Dec 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

23‑month range A$1.11 – A$1.42 · fair‑value band A$0.4700 – A$0.7800 · the A$1.23 price screens above the A$0.6300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Whitefield Income Limited operates as an investment company. It focuses on investing in Australian Securities Exchange listed equity securities. Whitefield Income Limited was founded in 1923 and is based in Sydney, Australia.

Stock analysis

Whitefield Income Ltd (WHI) currently trades at A$1.23, while our model-based Fair Value estimate is A$0.6300, 49% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of A$2.35 per share, and 3 of the 8 models we run sit above the A$1.23 price.

Bear case: the Dividend Discount group reads lowest at A$0.1950, and 5 of the 8 models stay below the price. Data coverage for this calculation is low.

Scenario range: A$0.4700 (bear) to A$0.7800 (bull), the price of A$1.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 80/100 (high quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Whitefield Income Ltd reported revenue of A$10.3M in FY2025 versus A$0 in FY2023. Reported net income was A$7.8M in FY2025.

Key figures

Market cap A$270M (≈ $186M) Micro · P/S ratio 10.1 · Dividend yield 5.7% · Net margin 76.3% · Return on equity 5.5% · Return on assets (EBIT) −67,498% (2-year average) · Operating margin 88.0% · Revenue (TTM) A$20.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).

What moves the price

The share trades about 12% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −49%, WHI screens richer than that median.

Fair Value models

Bear A$0.4700 Fair Value A$0.6300 Bull A$0.7800
Price A$1.23 · Downside -48.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income A$0.7900 A$0.7900 A$0.8300 69
P/E Multiple A$0.4700 A$0.6300 A$0.7800 63
Gordon GGM A$0.1200 A$0.2000 A$0.2600 62
All 8 models by family
Earnings-Based
Graham-Dodd A$0.3300 A$2.29 A$3.21 57
Lynch FV A$1.69 A$2.41 A$3.13 55
Dividend Discount
Gordon GGM A$0.1200 A$0.2000 A$0.2600 62
DDM Multi-Stage A$0.1200 A$0.1900 A$0.2200 61
Multiples
P/E Multiple A$0.4700 A$0.6300 A$0.7800 63
P/B Multiple A$1.31 A$1.74 A$2.18 55
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 53
Economic Profit
Residual Income A$0.7900 A$0.7900 A$0.8300 69

Open the full fair value analysis →

Quality Score breakdown

Overall quality 80/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 34
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 87
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 19
Distance to the 52-week high, does not count
New shares 80
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed

WHI screens overvalued: fair value 49% below the price. Compare with Blackstone Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 587 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 80 · Top 25%
Fair Value upside −48.6% · Bottom 25%
Profitability
Return on equity (12 months) 5.5% · Below median
Return on assets 3.8% · Below median
Net margin (12 months) 79.9% · Top 25%
Operating margin (12 months) 88.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 37.3% · Top 25%
Dividend yield (12 months) 5.7% · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 1.34× · Pricier than median
P/S (12 months) 13.47× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 60
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)22 · sector 29
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)100 · sector 80

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €73.35 €139.37 +90% vs WHI
Raymond James Financial, Inc RJF $162.81 $281.42 +73% vs WHI
Apollo Global Management, Inc APO $116.75 $197.52 +69% vs WHI
Ameriprise Financial, Inc AMP $501.49 $609.56 +22% vs WHI
State Street Corporation STT $165.56 $139.37 −16% vs WHI
Ares Management Corporation ARES $133.98 $99.35 −26% vs WHI
Northern Trust Corporation NTRS $172.76 $123.42 −29% vs WHI
Brookfield Asset Management Ltd BAM $52.95 $31.26 −41% vs WHI
Blackstone Inc BX $119.50 $52.29 −56% vs WHI
KKR & Co KKR $96.48 $27.32 −72% vs WHI

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Whitefield Income Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Whitefield Income Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WHI

Frequently asked questions

Is Whitefield Income Ltd (WHI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of A$0.6300 versus a price of A$1.23, about 49% lower (overvalued).
What is the fair value of WHI?
Our model-based fair value for Whitefield Income Ltd is A$0.6300 (as of Nov 8, 2026), built from audited fundamentals. The current price: A$1.23.
What is the quality score of WHI?
Whitefield Income Ltd has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Whitefield Income Ltd (WHI)?
Our model-based price target is the fair value of A$0.6300 (as of Nov 8, 2026) from 8 valuation models. Cautious scenario A$0.4700, optimistic scenario A$0.7800. It is a calculation from audited fundamentals, not an analyst target.
What is the Whitefield Income Ltd stock forecast for 2026?
Our models put fair value at A$0.6300, about 49% lower versus a price of A$1.23 (overvalued). Cautious scenario A$0.4700, optimistic scenario A$0.7800. The calculation is refreshed regularly with new filings.
What is the revenue of Whitefield Income Ltd (WHI)?
Whitefield Income Ltd reported trailing-twelve-month revenue of about A$20.0M (latest available figure, as of Nov 8, 2026).
Does Whitefield Income Ltd pay a dividend?
Whitefield Income Ltd currently shows a dividend yield of 5.71% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Whitefield Income Ltd (WHI) and when is the ex-dividend date?
Whitefield Income Ltd pays a dividend of A$0.07 per share a year, a dividend yield of 5.7%. The last ex-dividend date was Nov 5, 2026. The payout ratio is 145% of earnings. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What is the intrinsic value of Whitefield Income Ltd (WHI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Whitefield Income Ltd it is A$0.6300 per share (as of Nov 8, 2026), against a price of A$1.23. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Whitefield Income Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WHI trades above its calculated fair value: price A$1.23, fair value A$0.6300, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WHI?
No. The price is what the market pays today (A$1.23); the fair value is what the company's own numbers justify (A$0.6300). For Whitefield Income Ltd the two are A$0.5950 per share apart. That gap is exactly why we show both numbers side by side.
How much is Whitefield Income Ltd worth?
The market values Whitefield Income Ltd at about A$270M (market capitalisation, as of Nov 8, 2026). Per share that is A$1.23; our models calculate a fair value of A$0.6300 per share.
What do the bullish and bearish scenarios say about WHI?
Our models span a range for Whitefield Income Ltd: cautious scenario A$0.4700, base A$0.6300, optimistic A$0.7800 per share (as of Nov 8, 2026, price A$1.23). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Whitefield Income Ltd (WHI)?
Balance-sheet figures for Whitefield Income Ltd (as of Nov 8, 2026): return on equity 5.5%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is WHI from its 52-week high?
Whitefield Income Ltd trades at A$1.23, about 12% below its 52-week high of A$1.38 and 2% above the low of A$1.21 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.6300 is for.
Which stocks are comparable to Whitefield Income Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Whitefield Income Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price A$1.23, calculated fair value A$0.6300 (−49%), Quality Score 80/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WHI calculated?
We run Whitefield Income Ltd through 8 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$0.6300 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Whitefield Income Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Whitefield Income Ltd (WHI)?
The closing price on Nov 9, 2026 was A$1.23. Our model-based fair value is A$0.6300, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Whitefield Income Ltd right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (A$0.7800). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Whitefield Income Ltd

How large is the market capitalisation of Whitefield Income Ltd (WHI)?
The market capitalisation of Whitefield Income Ltd is A$270M (≈ $186M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Whitefield Income Ltd (WHI)?
The price-to-sales ratio of Whitefield Income Ltd is 10.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Whitefield Income Ltd (WHI)?
The dividend yield of Whitefield Income Ltd is 5.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Whitefield Income Ltd (WHI)?
The net margin of Whitefield Income Ltd is 76.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Whitefield Income Ltd (WHI)?
The return on equity (ROE) of Whitefield Income Ltd is 5.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Whitefield Income Ltd (WHI)?
On an EBIT basis the return on assets of Whitefield Income Ltd is −67,498% (avg 2y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Whitefield Income Ltd (WHI)?
The operating margin of Whitefield Income Ltd is 88.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Whitefield Income Ltd (WHI)?
Revenue at Whitefield Income Ltd is growing +37.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Whitefield Income Ltd (WHI)?
Earnings per share at Whitefield Income Ltd are growing −5.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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