XASX
QAL
Market cap548mUSD
Jun 03, Last price
2.89AUD
1D
1.40%
1Q
5.86%
IPO
11.15%
Name
Qualitas Ltd
Chart & Performance
P/E
32.39
P/S
8.12
EPS
0.09
Div Yield, %
2.77%
Shrs. gr., 5y
—
Rev. gr., 5y
13.56%
Revenues
104m
+10.94%
Net income
26m
+16.15%
CFO
72m
P
Dividend
Sep 11, 20240.0575 AUD/sh
Earnings
Nov 28, 2025
Profile
Qualitas is a real estate investment firm which focuses on direct investment in all real estate classes and geographies, acquisitions and restructuring of distressed debt, third party capital raisings and consulting services. It seeks to provide bridge loans in the major markets of the Australian east coast, and particularly the medium and high density residential development sector. Qualitas is based in Melbourne, Australia with an additional office in Sydney, Australia. It operates as a subsidiary of Qualitas Group.
Valuation
Title AUD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | 2020‑06 | 2019‑06 | 2018‑06 | |
| Income | |||||||
Revenues | 104,429 10.94% | 94,131 158.56% | 36,406 -48.64% | ||||
Cost of revenue | 33,316 | 53,703 | 24,637 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 71,113 | 40,428 | 11,769 | ||||
NOPBT Margin | 68.10% | 42.95% | 32.33% | ||||
Operating Taxes | 11,252 | 9,293 | 1,416 | ||||
Tax Rate | 15.82% | 22.99% | 12.03% | ||||
NOPAT | 59,861 | 31,135 | 10,353 | ||||
Net income | 26,180 16.15% | 22,539 86.03% | 12,116 10.48% | ||||
Dividends | (22,895) | (17,623) | |||||
Dividend yield | 3.26% | 2.21% | |||||
Proceeds from repurchase of equity | 110 | 382 | 323,141 | ||||
BB yield | -0.02% | -0.05% | -70.46% | ||||
| Debt | |||||||
Debt current | 293,136 | 108,386 | 137,516 | ||||
Long-term debt | 194,458 | 3,696 | 281,747 | ||||
Deferred revenue | 4,476 | 4,190 | |||||
Other long-term liabilities | 6,251 | 3,164 | 49 | ||||
Net debt | 182,849 | (118,496) | 78,119 | ||||
| Cash flow | |||||||
Cash from operating activities | 72,394 | (22,894) | 38,848 | ||||
CAPEX | (333) | (467) | (332) | ||||
Cash from investing activities | (333) | (467) | 9,470 | ||||
Cash from financing activities | (70,049) | (93,280) | 260,692 | ||||
FCF | 270,794 | (197,012) | 32,192 | ||||
| Balance | |||||||
Cash | 196,504 | 192,369 | 309,010 | ||||
Long term investments | 108,241 | 38,209 | 32,134 | ||||
Excess cash | 299,524 | 225,871 | 339,324 | ||||
Stockholders' equity | 367,012 | 362,058 | 354,568 | ||||
Invested Capital | 366,951 | 250,022 | 435,971 | ||||
ROIC | 19.40% | 9.08% | 1.84% | ||||
ROCE | 10.67% | 8.44% | 1.50% | ||||
| EV | |||||||
Common stock shares outstanding | 297,319 | 297,052 | 294,000 | ||||
Price | 2.36 -12.27% | 2.69 72.44% | 1.56 | ||||
Market cap | 701,673 -12.19% | 799,070 74.23% | 458,640 | ||||
EV | 884,522 | 680,574 | 536,759 | ||||
EBITDA | 73,345 | 42,332 | 12,473 | ||||
EV/EBITDA | 12.06 | 16.08 | 43.03 | ||||
Interest | 20,267 | 101 | 7,018 | ||||
Interest/NOPBT | 28.50% | 0.25% | 59.63% | ||||