Netwealth Group Ltd

NWL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$82.30	Gmc	Gnkcspvjj

Netwealth Remains Overvalued Following Market Over-Reaction to Second-Quarter Trading

Jan 22, 2021

We’ve maintained our fair value estimate for no-moat-rated Netwealth at AUD 6.00 per share following its second-quarter trading update. At the current market price of AUD 17.69, we consider the shares to be significantly overvalued. We consider the 12% share price jump, which followed the update, to be a massive over-reaction by the market despite the positives in the announcement.

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