WAM Capital (WAM) Stock Price, Fundamentals & Analysis

What WAM does

WAM Capital (WAM) is a close-ended equity mutual fund listed on the ASX that invests primarily in Australian industrial companies, with a focus on small to mid-cap value and growth stocks. It is managed by Wilson Asset Management (International) Pty Limited and benchmarks its portfolio against the S&P/ASX All Ordinaries Accumulation Index. The fund pursues an absolute returns approach, combining fundamental and quantitative analysis with a bottom-up methodology, and seeks to capture short-term arbitrage and mispricing opportunities.

Key numbers explained

• 1.17 AUD is the current share price, the amount you would pay to buy one unit of the fund on the ASX.
• -1.27% is today’s price change, showing the percentage the price has moved so far this trading session.
• 1,33 mld. AUD is the market capitalisation, the total value of all outstanding shares at the current price.
• 13,25% is the dividend yield, which measures the annual dividend income relative to the share price; a high yield can reflect a high payout ratio or a falling share price.
• 186% is the share of earnings paid out as dividends, meaning the fund distributes more than it earns in the trailing period, often funded by other sources.
• 0,73 is the price-to-book ratio, comparing the share price to the fund’s net asset value per share; below 1 can suggest the price is below the underlying book value.
• -0,11 AUD is the trailing 12-month earnings per share, showing a net loss per share over the last year.
• 0,4 is the beta, indicating the fund’s volatility relative to the market; a beta below 1 suggests lower sensitivity to market swings.

What to watch

As a close-ended fund, WAM trades on the ASX at a price that can differ from its net asset value, so the discount or premium to NAV is worth monitoring. The high dividend payout ratio of 186% may not be sustainable if earnings do not recover. Because the fund focuses on small to mid-cap industrial stocks, it can be sensitive to changes in the Australian economic cycle and sector-specific developments. Investors often compare it with peers such as L1 Group (L1G), Bank of Queensland (BOQ), BSP Financial Group (BFL), Insurance Australia Group (IAG), AUB Group (AUB), Bendigo & Adelaide Bank (BEN), and Australian Foundation Investment Company (AFI) to understand how its strategy and risk profile fit within the broader Financial Services landscape.