WAM Capital Limited (WAM)

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General Information
Company Name: WAM Capital Limited
Stock Code: WAM
Website: www.wamfunds.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 657
Equiv. Shares (M): 341

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.930 $ 1.935 $ 1.940 $ 1.920 $ 1.930 419,420 0%

Company Overview

Business Description:
WAM Capital Limited (WAM) is a listed investment company managed by Wilson Asset Management (International) Pty Limited. WAM provides investors exposure to an actively managed diversified portfolio of undervalued growth companies which are generally found in the small to medium industrial sector; and also provides exposure to relative value arbitrages and market mispricing opportunities. The investment objectives are to deliver investors a rising stream of fully franked dividends, to provide capital growth and preserve capital.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 68.3 20.7 14.9 9.2 13.0 6.9 100.0
2013  A 32.5 18.0 343.3 9.2 12.0 7.3 100.0
2012  A 4.3 4.1 -78.2 36.6 11.0 7.4 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Challenger (CGF) $3,874 M 0.0459 -0.0139 0.0646 11.2193 11.3769 10.6868 3.82 4.40 4.78
IOOF (IFL) $2,653 M 0.1260 0.1398 0.0982 16.8831 14.8123 13.4879 5.37 5.94 6.54
Macquarie Group (MQG) $19,018 M 0.5572 0.0995 0.0572 16.1900 14.7245 13.9282 6.34 4.95 5.38
Platinum Asset Mgmt (PTM) $3,698 M 0.4366 0.0355 0.0744 19.6363 18.9640 17.6503 5.34 5.21 5.61
WAM Capital (WAM) $657 M 0.1488 -- -- 9.3327 -- -- 6.74 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
WAM 0.60 9.33 1.10 --
Market 1.10 13.9 1.02 1.03
Sector 1.22 13.9 1.03 1.57

Name Position Start Date
Mr Geoffrey James Wilson Non-Executive Chairman 01 March 1999
Mr Mathew James Kidman Non-Executive Director 01 March 1999
Mr James Chirnside Non-Executive Director 01 February 2003
Mr Paul David Kristian Jensen Non-Executive Director 10 June 2004
Mr Lindsay Robert Mann Non-Executive Director 31 December 2012

Name Position
Katherine Thorley Company Secretary

Calendar of Events
Date Event
29 September 2015 Report (Annual)
27 July 2015 Report (Prelim)
27 January 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


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