Wam Alternative Assets Ltd (WMA) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Wam Alternative Assets Ltd stock A$0.77, price A$0.96, that is 19.4% below the price, quality 68 out of 100. Rating: overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range A$0.8002 – A$1.01 · fair‑value band A$0.5500 – A$0.9200 · the A$0.9550 price screens above the A$0.7700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Blue Sky Alternatives Access Fund Ltd specializes in investments in venture capital, private equity, private real estate including infrastructure, commodities, farmland, agricultural water entitlements, and real assets such as water rights.
Stock analysis
Wam Alternative Assets Ltd (WMA) currently trades at A$0.9550, while our model-based Fair Value estimate is A$0.7700, 19% 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$1.40 per share, and 2 of the 8 models we run sit above the A$0.9550 price.
Bear case: the Dividend Discount group reads lowest at A$0.7400, and 6 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.5500 (bear) to A$0.9200 (bull), the price of A$0.9550 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 68/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Wam Alternative Assets Ltd reported revenue of A$20.0M in FY2025 versus A$26.6M in FY2021, a compound −6.8%/yr. Reported net income was A$11.2M in FY2025, compounding −11.3%/yr from FY2021.
Key figures
Market cap A$188M (≈ $130M) Micro · P/E ratio 15.9 · P/S ratio 9.57 · EPS (TTM) A$0.0600 · Dividend yield 6.3% · Net margin 56.8% · Return on equity 4.9% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 3% 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 −19%, WMA screens richer than that median.
Fair Value models
BearA$0.5500Fair Value A$0.7700BullA$0.9200
Price A$0.9550 · Downside -19.4%
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.
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.16/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+75.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.1%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−12.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.2%
Dividend (yield on the price)6.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.3% vs −3.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.87% → 83%
2025 sits 75% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Wam Alternative Assets Ltd with another stock
Price, fair value, quality and upside side by side.
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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 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Above median
Fair Value upside−19.4% · Bottom 25%
Profitability
Return on equity (12 months)4.9% · Below median
Return on assets4.8% · Above median
Net margin (12 months)56.8% · Above median
Operating margin (12 months)84.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)180.1% · Top 25%
Dividend yield (12 months)6.3% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Wam Alternative Assets Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WMA
Frequently asked questions
Is Wam Alternative Assets Ltd (WMA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of A$0.7700 versus a price of A$0.9550, about 19% lower (overvalued).
What is the fair value of WMA?
Our model-based fair value for Wam Alternative Assets Ltd is A$0.7700 (as of Nov 6, 2026), built from audited fundamentals. The current price: A$0.9550.
What is the quality score of WMA?
Wam Alternative Assets Ltd has a Quality Score of 68/100. 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 Wam Alternative Assets Ltd (WMA)?
Our model-based price target is the fair value of A$0.7700 (as of Nov 6, 2026) from 8 valuation models. Cautious scenario A$0.5500, optimistic scenario A$0.9200. It is a calculation from audited fundamentals, not an analyst target.
What is the Wam Alternative Assets Ltd stock forecast for 2026?
Our models put fair value at A$0.7700, about 19% lower versus a price of A$0.9550 (overvalued). Cautious scenario A$0.5500, optimistic scenario A$0.9200. The calculation is refreshed regularly with new filings.
What is the revenue of Wam Alternative Assets Ltd (WMA)?
Wam Alternative Assets Ltd reported trailing-twelve-month revenue of about A$19.7M (latest available figure, as of Nov 6, 2026).
Does Wam Alternative Assets Ltd pay a dividend?
Wam Alternative Assets Ltd currently shows a dividend yield of 6.28% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Wam Alternative Assets Ltd (WMA) and when is the ex-dividend date?
Wam Alternative Assets Ltd pays a dividend of A$0.06 per share a year, a dividend yield of 6.3%. The next ex-dividend date is Nov 16, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 100% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Wam Alternative Assets Ltd (WMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wam Alternative Assets Ltd it is A$0.7700 per share (as of Nov 6, 2026), against a price of A$0.9550. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Wam Alternative Assets Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, WMA trades above its calculated fair value: price A$0.9550, fair value A$0.7700, a gap of about −19% (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 WMA?
No. The price is what the market pays today (A$0.9550); the fair value is what the company's own numbers justify (A$0.7700). For Wam Alternative Assets Ltd the two are A$0.1850 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wam Alternative Assets Ltd worth?
The market values Wam Alternative Assets Ltd at about A$188M (market capitalisation, as of Nov 6, 2026). Per share that is A$0.9550; our models calculate a fair value of A$0.7700 per share.
What do the bullish and bearish scenarios say about WMA?
Our models span a range for Wam Alternative Assets Ltd: cautious scenario A$0.5500, base A$0.7700, optimistic A$0.9200 per share (as of Nov 6, 2026, price A$0.9550). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WMA?
Wam Alternative Assets Ltd trades at a price-to-earnings ratio of 15.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.7700 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 23.9. Other multiples: P/B 0.8, P/S 9.6, EV/EBITDA 11.1.
How solid is the balance sheet of Wam Alternative Assets Ltd (WMA)?
Balance-sheet figures for Wam Alternative Assets Ltd (as of Nov 6, 2026): return on equity 4.9%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is WMA from its 52-week high?
Wam Alternative Assets Ltd trades at A$0.9550, about 5% below its 52-week high of A$1.01 and 3% above the low of A$0.9309 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.7700 is for.
Which stocks are comparable to Wam Alternative Assets 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 Wam Alternative Assets Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price A$0.9550, calculated fair value A$0.7700 (−19%), Quality Score 68/100, 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 WMA calculated?
We run Wam Alternative Assets 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$0.7700 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. Wam Alternative Assets 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 Wam Alternative Assets Ltd (WMA)?
The closing price on Nov 9, 2026 was A$0.9550. Our model-based fair value is A$0.7700, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wam Alternative Assets Ltd right now?
The price sits above even our optimistic bull case (A$0.9200). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Wam Alternative Assets Ltd (WMA) come from?
Earnings per share at Wam Alternative Assets Ltd grew −6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.5 %, EBIT margin −1.6 %, tax rate −0.5 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wam Alternative Assets Ltd
How large is the market capitalisation of Wam Alternative Assets Ltd (WMA)?
The market capitalisation of Wam Alternative Assets Ltd is A$188M (≈ $130M). 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 Wam Alternative Assets Ltd (WMA)?
The price-to-sales ratio of Wam Alternative Assets Ltd is 9.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wam Alternative Assets Ltd (WMA)?
Earnings per share at Wam Alternative Assets Ltd are A$0.0600 (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wam Alternative Assets Ltd (WMA)?
The dividend yield of Wam Alternative Assets Ltd is 6.3% (payout 100%). 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 Wam Alternative Assets Ltd (WMA)?
The net margin of Wam Alternative Assets Ltd is 56.8% (last twelve months). 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 Wam Alternative Assets Ltd (WMA)?
The return on equity (ROE) of Wam Alternative Assets Ltd is 4.9% (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 Wam Alternative Assets Ltd (WMA)?
On an EBIT basis the return on assets of Wam Alternative Assets Ltd is 4.9% (avg 5y). 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 Wam Alternative Assets Ltd (WMA)?
The operating margin of Wam Alternative Assets Ltd is 84.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wam Alternative Assets Ltd (WMA)?
Revenue at Wam Alternative Assets Ltd is growing +180% versus a year earlier (3y avg +9.8%). 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 Wam Alternative Assets Ltd (WMA)?
Earnings per share at Wam Alternative Assets Ltd are growing +192% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wam Alternative Assets Ltd (WMA) generate?
The free cash flow of Wam Alternative Assets Ltd is −A$24.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Wam Alternative Assets Ltd (WMA) hold?
Wam Alternative Assets Ltd holds more cash than debt, A$4.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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