Bell Potter sets AUD 4.25 target for HMC Capital stock

Published on 10/17/2026 at 18:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue was AUD 232.4 million. HMC Capital stock costs AUD 2.73 on October 16, 2026, up 4.60 percent versus the prior close.

Target, results and calendar

On October 14, 2026, Bell Potter analyst Andy MacFarlane kept Buy and set an AUD 4.25 target.
Fiscal 2026 revenue was AUD 232.4 million, down 3.60 percent year over year.
HMC Capital stock cost AUD 2.73 at 4:10 p.m. AEDT on October 16, 2026, up 4.60 percent versus the prior close of AUD 2.61.
The annual meeting is scheduled for November 18, 2026.

HMC, AU0000058943, Illustration mit AI erstellt.

Bell Potter analyst Andy MacFarlane maintained a Buy rating for HMC Capital and set an AUD 4.25 price target on October 14, 2026, according to Markets Insider. The target lies 55.68 percent above the AUD 2.73 price on October 16, 2026. HMC Capital (AU0000058943) was last quoted at AUD 2.73 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 4.60 percent versus the prior close of AUD 2.61.

Fiscal 2026 revenue fell

HMC Capital's latest reported year sets a weaker earnings backdrop against the higher analyst target. Fiscal 2026 revenue was AUD 232.4 million, down 3.60 percent from fiscal 2025, while net income was AUD 18.9 million, down 87.00 percent, according to Simply Wall St on August 26, 2026. The reported profit margin was 8.10 percent, compared with 61.00 percent in fiscal 2025.

Price remains below the yearly high

On October 16, 2026, the ASX quote ranged from AUD 2.65 to AUD 2.75, with 1,304,579 shares traded against an average volume of 1,208,060 shares. The AUD 2.73 price stood 40.91 percent below the 52-week high of AUD 4.62 and 26.39 percent above the 52-week low of AUD 2.16. The 4.60 percent daily rise therefore improved the short-term position without erasing the wider annual decline.

Valuation and annual meeting

HMC Capital had a market capitalization of AUD 1.1 billion on October 16, 2026. Its trailing price-to-earnings ratio was minus 22.98 and its dividend yield was 0.04 percent. The company lists its annual meeting for November 18, 2026, on its HMC Capital investor centre.

Comparison with peers

HMC (ASX, AUD): plus 4.60 percent, P/E minus 22.98, market capitalization AUD 1.1 billion.
Pinnacle Investment Management (ASX, AUD): plus 5.60 percent, P/E 18.36, market capitalization AUD 3.4 billion.
GQG Partners (ASX, AUD): plus 2.90 percent, P/E 4.74, market capitalization AUD 3.2 billion.

The next dated checkpoint

The annual meeting on November 18, 2026, is the next scheduled corporate date. The contrast between the AUD 4.25 Bell Potter target and the AUD 2.73 ASX price leaves the analyst view as the main valuation reference, while the fiscal 2026 figures keep earnings quality central to the discussion.

ASX price and market position

HMC Capital was last at AUD 2.73 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 4.60 percent versus the prior close of AUD 2.61. The price was 40.91 percent below the 52-week high of AUD 4.62.