Whitefield Industrials Ltd (WHF) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Whitefield Industrials Ltd stock A$4.54, price A$4.76, that is 4.6% below the price, quality 62 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range A$4.22 – A$5.54 · fair‑value band A$3.40 – A$5.67 · the A$4.76 price screens above the A$4.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Whitefield Limited operates in the securities industry primarily in Australia. The company invests in shares and securities. The company was founded in 1923 and is based in Sydney, Australia.
Stock analysis
Whitefield Industrials Ltd (WHF) currently trades at A$4.76, while our model-based Fair Value estimate is A$4.54, so the stock looks roughly fairly valued today (gap 4.8%).
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Valuation
How firm this estimate is: it rests on 24 models at a data quality of 96/100, which puts the data coverage at high.
Scenario range: A$3.40 (bear) to A$5.67 (bull), the price of A$4.76 sits inside 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 62/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Whitefield Industrials Ltd reported revenue of A$25.6M in FY2026 versus A$20.5M in FY2022, a compound +5.7%/yr. Reported net income was A$21.1M in FY2026, compounding +5.9%/yr from FY2022.
Key figures
Market cap A$574M (≈ $403M) Small · P/E ratio 26.4 · P/S ratio 21.8 · EPS (TTM) A$0.1800 · Dividend yield 3.3% · Net margin 82.4% · Return on equity 3.3% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −5%, WHF screens cheaper than that median.
Fair Value models
BearA$3.40Fair Value A$4.54BullA$5.67
Price A$4.76 · Downside -4.6%
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. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (A$0.0130 per share) are deliberately not added.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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.0%
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.
+5.5%
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.
+15.0%
Start year 2021 (pandemic). Over 10 years: +5.1% a year
Revenue growth 26 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.
+6.3%
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What shareholders gained per year (last 5 years) ⓘ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.
+7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.3%
Dividend (yield on the price)3.3%
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.4.3% vs 4.0%, steady
Profit margin 2000 to 2026 ⓘ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.186% → 88%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +12.5% a year for the price.
Compare Whitefield Industrials Ltd with another stock
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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 · 588 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−4.6% · Below median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets2.9% · Below median
Net margin (12 months)82.4% · Top 25%
Operating margin (12 months)88.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.5% · Below median
Dividend yield (12 months)3.3% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Whitefield Industrials Ltd (WHF) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of A$4.54 versus a price of A$4.76, about 5% lower (fairly valued).
What is the fair value of WHF?
Our model-based fair value for Whitefield Industrials Ltd is A$4.54 (as of Nov 2, 2026), built from audited fundamentals. The current price: A$4.76.
What is the quality score of WHF?
Whitefield Industrials Ltd has a Quality Score of 62/100. 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 Industrials Ltd (WHF)?
Our model-based price target is the fair value of A$4.54 (as of Nov 2, 2026) from 2 valuation models. Cautious scenario A$3.40, optimistic scenario A$5.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Whitefield Industrials Ltd stock forecast for 2026?
Our models put fair value at A$4.54, about 5% lower versus a price of A$4.76 (fairly valued). Cautious scenario A$3.40, optimistic scenario A$5.67. The calculation is refreshed regularly with new filings.
What is the revenue of Whitefield Industrials Ltd (WHF)?
Whitefield Industrials Ltd reported trailing-twelve-month revenue of about A$26.3M (latest available figure, as of Nov 2, 2026).
Does Whitefield Industrials Ltd pay a dividend?
Whitefield Industrials Ltd currently shows a dividend yield of 3.32% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Whitefield Industrials Ltd (WHF)?
For today's price to be fair in a discounted-cash-flow model, Whitefield Industrials Ltd would have to grow free cash flow by +15.8 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.0 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of WHF use?
Our models discount Whitefield Industrials Ltd at 9.6 %: a base by market capitalisation (small), damped by beta 0.18, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Whitefield Industrials Ltd that is +15.8 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Whitefield Industrials Ltd (WHF) delivered so far?
Over the past 5 years revenue at Whitefield Industrials Ltd grew +15.0 % a year. The price currently implies +15.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Whitefield Industrials Ltd (WHF) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Whitefield Industrials Ltd (+15.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Whitefield Industrials Ltd (WHF)?
The free-cash-flow yield on the price is 3.64 %: that much free cash flow Whitefield Industrials Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Whitefield Industrials Ltd (WHF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Whitefield Industrials Ltd it is A$4.54 per share (as of Nov 2, 2026), against a price of A$4.76. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Whitefield Industrials Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, WHF trades above its calculated fair value: price A$4.76, fair value A$4.54, a gap of about −5% (fairly valued). 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 WHF?
No. The price is what the market pays today (A$4.76); the fair value is what the company's own numbers justify (A$4.54). For Whitefield Industrials Ltd the two are A$0.2200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Whitefield Industrials Ltd worth?
The market values Whitefield Industrials Ltd at about A$574M (market capitalisation, as of Nov 2, 2026). Per share that is A$4.76; our models calculate a fair value of A$4.54 per share.
What do the bullish and bearish scenarios say about WHF?
Our models span a range for Whitefield Industrials Ltd: cautious scenario A$3.40, base A$4.54, optimistic A$5.67 per share (as of Nov 2, 2026, price A$4.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WHF?
Whitefield Industrials Ltd trades at a price-to-earnings ratio of 26.4 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$4.54 is built from several models across several years. Other multiples: P/B 0.9, P/S 21.8, EV/EBITDA 25.1.
How solid is the balance sheet of Whitefield Industrials Ltd (WHF)?
Balance-sheet figures for Whitefield Industrials Ltd (as of Nov 2, 2026): return on equity 3.3%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is WHF from its 52-week high?
Whitefield Industrials Ltd trades at A$4.76, about 11% below its 52-week high of A$5.36 and 7% above the low of A$4.46 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$4.54 is for.
Which stocks are comparable to Whitefield Industrials Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, 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 Industrials Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price A$4.76, calculated fair value A$4.54 (−5%), Quality Score 62/100, from 2 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 WHF calculated?
We run Whitefield Industrials Ltd through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$4.54, 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 14.9 % above its aggregate fair value. Whitefield Industrials 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 Industrials Ltd (WHF)?
The closing price on Nov 2, 2026 was A$4.76. Our model-based fair value is A$4.54, about 5% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Whitefield Industrials Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 Whitefield Industrials Ltd (WHF) come from?
Earnings per share at Whitefield Industrials Ltd grew +4.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.2 %, EBIT margin −2.2 %, tax rate −0.7 %, residual (interest, one-offs) +2.8 %. 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 Whitefield Industrials Ltd
How large is the market capitalisation of Whitefield Industrials Ltd (WHF)?
The market capitalisation of Whitefield Industrials Ltd is A$574M (≈ $403M). 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 Industrials Ltd (WHF)?
The price-to-sales ratio of Whitefield Industrials Ltd is 21.8 (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 Whitefield Industrials Ltd (WHF)?
Earnings per share at Whitefield Industrials Ltd are A$0.1800 (price ÷ EPS = P/E 26.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Whitefield Industrials Ltd (WHF)?
The dividend yield of Whitefield Industrials Ltd is 3.3% (payout 87.8%). 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 Industrials Ltd (WHF)?
The net margin of Whitefield Industrials Ltd is 82.4% (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 Whitefield Industrials Ltd (WHF)?
The return on equity (ROE) of Whitefield Industrials Ltd is 3.3% (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 Industrials Ltd (WHF)?
On an EBIT basis the return on assets of Whitefield Industrials Ltd is 3.0% (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 Whitefield Industrials Ltd (WHF)?
The operating margin of Whitefield Industrials Ltd is 88.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Whitefield Industrials Ltd (WHF)?
Revenue at Whitefield Industrials Ltd is growing +5.5% versus a year earlier (3y avg +5.5%). 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 Industrials Ltd (WHF)?
Earnings per share at Whitefield Industrials Ltd are growing +4.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Whitefield Industrials Ltd (WHF) hold?
Whitefield Industrials Ltd holds more cash than debt, A$7.0M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 2, 2026