Qualitas Ltd

QAL · AU · Financial Services / Asset Management

2.70AUD-0.07 (-2.53%)

Price History

Full chart

Market Stats

Previous Close2.77

Open2.73

Day Range2.69 – 2.77

52-Week Range2.12 – 3.94

Volume201.30K

Market Cap669.16M

P/E (TTM)15.86

Forward P/E10.82

EPS0.14

Dividend Yield5.07%

Beta0.32

50-Day Avg2.84

200-Day Avg2.92

About

Qualitas Limited is a alternative real estate investment manager specializing in risk-adjusted investments in real estate private credit and real estate private equity through a range of investment solutions for institutional, wholesale and retail clients. They focuses on real estate private credit, opportunistic real estate private equity, income producing commercial real estate and build-to-rent residential. Qualitas Limited is based in Melbourne, Australia with an additional office in Sydney, Australia. Qualitas Limited operates as a subsidiary of Qualitas Group.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Andrew Edwin John Fairley A.M., FAICD, LLB.
Employees0
HeadquartersLevel 38, Melbourne, VIC, Australia, 3000, Australia
Websitehttps://www.qualitas.com.au

Leadership

Mr. Andrew Edwin John Fairley A.M., FAICD, LLB.Independent Chairman of the Board · b. 1949
Mr. Andrew J. Schwartz C.F.A.Group MD, Co-Founder, Chief Investment Officer & Board Director · b. 1964
Mr. Mark FischerGlobal Head of Real Estate & Co-Founder
Mr. Philip DowmanGroup Chief Financial Officer
Ms. Nina ZhangHead of Investor Relations
Ms. Kate StokesHead of Marketing & Communications
Ms. Michelle ChristouGlobal Head of People & Culture
Ms. Kathleen YeungChief of Staff
Mr. Tim JohansenGlobal Head of Investment Risk
Mr. Rohan DavisHead of Origination

Financials

Income Statement

Currency: AUD	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30	2024-06-30	2025-06-30	2026-06-30
Total Revenue	47.40M	55.30M	49.45M	70.88M	47.32M	94.13M	103.38M	117.40M	129.86M
Growth (%)	-	+16.67%	-10.57%	+43.33%	-33.24%	+98.92%	+9.83%	+13.57%	+10.61%
Cost of Revenue	20.25M	18.42M	18.29M	14.84M	7.72M	23.00M	111.00K	207.00K	8.06M
Gross Profit	47.40M	36.88M	31.17M	56.04M	39.60M	71.13M	102.31M	105.73M	121.80M
Gross Margin	100.00%	66.70%	63.03%	79.06%	83.68%	75.56%	98.96%	90.06%	93.79%
Operating Expense	39.34M	16.00M	29.47M	40.89M	25.93M	38.94M	44.02M	43.05M	62.37M
Operating Income	8.06M	20.88M	1.70M	15.15M	13.67M	32.19M	58.29M	62.68M	59.44M
Operating Margin	17.00%	37.77%	3.44%	21.38%	28.89%	34.20%	56.39%	53.39%	45.77%
EBITDA	8.20M	21.65M	3.64M	17.08M	14.37M	54.10M	59.93M	56.74M	64.03M
EBITDA Margin	17.31%	39.15%	7.36%	24.10%	30.37%	57.48%	57.97%	48.33%	49.31%
Net Income	11.52M	4.45M	3.68M	10.97M	12.12M	22.54M	26.18M	33.41M	41.72M
Net Income Margin	24.30%	8.05%	7.44%	15.47%	25.60%	23.94%	25.32%	28.46%	32.12%
R&D	-	0.08	0.03	0.21	0.29	0.34	-	-	-
R&D as % of Total Revenue	-	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-
Interest Expense	0	0	117.19K	98.60K	7.02M	20.37M	20.27M	7.98M	759.00K
Interest Expense % of Total Revenue	0.00%	0.00%	0.24%	0.14%	14.83%	21.64%	19.60%	6.80%	0.58%

Balance Sheet

Currency: AUD	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30	2024-06-30	2025-06-30	2026-06-30
Total Assets	474.43M	489.31M	539.80M	815.87M	812.76M	742.79M	708.13M	481.75M	496.22M
Total Liabilities	396.10M	443.29M	496.01M	479.46M	458.20M	380.74M	341.12M	101.38M	97.72M
Total Equity	45.96M	40.00M	40.34M	336.42M	354.57M	362.06M	367.01M	380.37M	398.50M
Cash	24.42M	19.40M	17.01M	308.63M	309.01M	192.37M	194.38M	148.78M	46.23M
Total Debt	378.77M	428.64M	481.26M	910.63M	554.05M	449.13M	295.29M	54.05M	52.68M
Net Debt	354.35M	409.24M	464.25M	144.78M	107.48M	148.37M	100.91M	-94.73M	6.45M

Cash Flow

Currency: AUD	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30	2024-06-30	2025-06-30	2026-06-30
Operating Cash Flow	181.30M	-19.24M	1.30M	6.57M	58.27M	-22.89M	72.39M	21.48M	-42.73M
Investing Cash Flow	-623.58K	47.99M	-2.57M	11.61M	14.21M	-467.00K	-333.00K	-17.11M	-27.71M
Financing Cash Flow	-178.26M	13.46M	41.78M	-30.61M	260.69M	-93.28M	-70.05M	-49.96M	-32.26M
Capital Expenditure	623.58K	710.00K	238.00K	57.00K	332.00K	467.00K	333.00K	5.64M	658.00K
Free Cash Flow	180.68M	-19.95M	1.06M	6.51M	-332.00K	-23.36M	72.06M	15.83M	-43.39M
Dividends Paid	6.54M	4.17M	5.66M	5.60M	15.39M	17.62M	22.89M	24.60M	33.06M
FCF to OCF	99.66%	103.69%	81.64%	99.13%	-0.57%	102.04%	99.54%	73.72%	101.54%
Dividend Paid to FCF	3.62%	-20.89%	535.28%	86.01%	-4636.75%	-75.44%	31.77%	155.34%	-76.19%

Earnings

Report Date	Feb 24, 2022	Aug 17, 2022	Feb 21, 2023	Feb 24, 2025	Aug 22, 2025
EPS Estimate	0.00	0.03	0.00	0.04	0.08
EPS Actual	-0.01	0.07	0.04	0.05	0.06
Surprise	-	133.33%	-	25.00%	-25.00%
Timing	-	-	-	-	Pre-market

Key Statistics & Ratios

Market Cap669.16M

Enterprise Value688.21M

Trailing P/E15.86

Forward P/E10.82

Price / Sales5.10

Price / Book1.80

EPS0.14

Book Value1.35

Revenue (TTM)131.27M

Gross Profit (TTM)131.22M

EBITDA62.52M

Profit Margin31.78%

Operating Margin44.13%

Return on Equity10.71%

Return on Assets7.72%

Shares Outstanding301.42M

Shares Float165.27M

Beta0.32

Dividend Yield5.07%

Dividend Rate0.11

Payout Ratio79.42%

Dividends

20262×

0.08Sep 3, 20260.04Mar 3, 2026

20252×

0.07Sep 4, 20250.03Mar 11, 2025

20242×

0.06Sep 11, 20240.02Mar 7, 2024

20232×

0.06Sep 11, 20230.02Mar 6, 2023

20221×

0.04Aug 23, 2022