Wam Alternative Assets Ltd (WMA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Wam Alternative Assets Ltd A$0.98, price A$1.00, upside -1.5%, quality 61 out of 100. 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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.7727 – A$1.01 · fair‑value band A$0.7300 – A$1.22 · the A$0.9950 price screens above the A$0.9800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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$0.9950, while our model-based Fair Value estimate is A$0.9800, implying the stock looks roughly 1.5% fairly valued today.
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Valuation
How firm this estimate is: it rests on 13 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.7300 (bear) to A$1.22 (bull), the price of A$0.9950 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 61/100 (solid quality), in the Financial Services sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Wam Alternative Assets Ltd reported revenue of A$11.5M in FY2024 versus A$26.0M in FY2020, a compound −18.6%/yr. Reported net income was A$6.2M in FY2024, compounding −23.3%/yr from FY2020.
Key figures
Market cap A$196M (≈ $138M) · P/E ratio 24.9 · P/S ratio 13.5 · EPS (TTM) A$0.0400 · Dividend yield 6.0% · Net margin 54.4% · Return on equity 3.5% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 7% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −2%, WMA screens cheaper than that median.
Fair Value models
Bear A$0.7300Fair Value A$0.9800Bull A$1.22
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.18/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−2.7%
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.
−24.5%
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.
+1.3%
Revenue growth 10 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.
+4.2%
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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.
+5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.6%
Dividend (yield on the price)6.0%
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.−1% vs −7%, picking up
Profit margin 2019 to 2024 ⓘ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.60% → 69%
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 · 659 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−2% · Below median
Profitability
Return on equity (TTM)4% · Below median
Return on assets3% · Above median
Net margin (TTM)57% · Above median
Operating margin (TTM)84% · Top 25%
Growth and dividend
Revenue growth33% · Top 25%
Dividend yield (TTM)6.0% · 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 Sep 23, 2026, our model estimates a fair value of A$0.9800 versus a price of A$0.9950, about −2% upside (fairly valued).
What is the fair value of WMA?
Our model-based fair value for Wam Alternative Assets Ltd is A$0.9800 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.9950.
What is the quality score of WMA?
Wam Alternative Assets Ltd has a Quality Score of 61/100. 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$0.9800 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario A$0.7300, optimistic scenario A$1.22. 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$0.9800, about −2% upside versus a price of A$0.9950 (fairly valued). Cautious scenario A$0.7300, optimistic scenario A$1.22. 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$14.2M (latest available figure, as of Sep 23, 2026).
Does Wam Alternative Assets Ltd pay a dividend?
Wam Alternative Assets Ltd currently shows a dividend yield of about 6.03% relative to its recent price (as of Sep 23, 2026).
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$0.9800 per share (as of Sep 23, 2026), against a price of A$0.9950. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Wam Alternative Assets Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, WMA trades above its calculated fair value: price A$0.9950, fair value A$0.9800, a gap of about −2% (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 WMA?
No. The price is what the market pays today (A$0.9950); the fair value is what the company's own numbers justify (A$0.9800). For Wam Alternative Assets Ltd the two are A$0.0150 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$196M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.9950; our models calculate a fair value of A$0.9800 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$0.7300, base A$0.9800, optimistic A$1.22 per share (as of Sep 23, 2026, price A$0.9950). 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 24.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.9800 is built from several models across several years. Other multiples: P/B 0.6, P/S 9.7, EV/EBITDA 11.8.
How solid is the balance sheet of Wam Alternative Assets Ltd (WMA)?
Balance-sheet figures for Wam Alternative Assets Ltd (as of Sep 23, 2026): return on equity 3.5%. They feed the Quality Score of 61/100, 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$0.9950, about 1% below its 52-week high of A$1.01 and 7% above the low of A$0.9309 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.9800 is for.
Which stocks are comparable to Wam Alternative Assets 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 Wam Alternative Assets Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.9950, calculated fair value A$0.9800 (−2%), Quality Score 61/100, 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 WMA calculated?
We run Wam Alternative Assets 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$0.9800, 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 14.1 % 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 Sep 23, 2026 was A$0.9950. Our model-based fair value is A$0.9800, about −2% upside (fairly valued). 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 close to our fair value, market and models broadly agree here, little valuation tension. 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 −6.4 % a year from 2014 to 2024. Broken into its drivers: revenue per share −4.7 %, EBIT margin −2.3 %, tax rate +0.3 %, 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$196M (≈ $138M). 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 13.5 (P/E × margin). 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$0.0400 (price ÷ EPS = P/E 24.9). 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 6.0% (payout 150%). 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 54.4% (fiscal year 2024). 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 3.5% (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 Wam Alternative Assets Ltd (WMA)?
On an EBIT basis the return on assets of Wam Alternative Assets Ltd is 5.2% (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 +32.6% versus a year earlier (3y avg −24.5%). 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 Wam Alternative Assets Ltd (WMA)?
Earnings per share at Wam Alternative Assets Ltd are growing +39.4% 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$11.5M (fiscal year 2024). 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$39.8M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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