HMC Capital stock fell 1.71 percent on October 5 as FY27 growth builds

Published on 10/05/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HMC Capital stock now sits against FY2026 recurring funds-management revenue of AUD 165.5 million, up 22 percent. FY2027 guidance targets AUD 0.35 per share.

HMC, AU0000058943, Illustration mit AI erstellt.

HMC Capital stock (ISIN AU0000058943) was last at AUD 2.87 on the ASX on October 5, 2026 at 4:10 p.m. AEDT, down 1.71 percent from AUD 2.92. The move followed a results-led reset toward FY2027 earnings growth, with fee-generating assets and recurring revenue providing the central support for the investment case.

Recurring revenue expands by 22 percent

Yahoo Finance reported that HMC Capital's FY2026 recurring funds-management revenue rose 22 percent to AUD 165.5 million, while fee-generating assets under management increased 15 percent to AUD 16.9 billion. Operating earnings per share reached AUD 0.404 for FY2026, in line with guidance, and the board declared total dividends of AUD 0.12 per share.

The revenue mix matters because recurring fees are less dependent on individual transactions than performance income. Kapitales Research said FY2026 revenue from ordinary activities fell to AUD 188.2 million from AUD 234.2 million a year earlier, while the company recorded a AUD 49.1 million loss attributable to shareholders.

FY2027 guidance sets a higher bar

Management is guiding to FY2027 underlying earnings of at least AUD 0.35 per share, representing 16 percent growth from FY2026. The guidance also includes a target for recurring funds-management revenue growth above 30 percent and a dividend of AUD 0.15 per share, which would be 25 percent above the FY2026 distribution.

Yahoo Finance quoted management as saying the outlook excludes upside from capital recycling, large transactions and one-off investment gains. The same call identified more than AUD 5 billion of growth opportunities across real estate, digital infrastructure, private credit and energy.

Analyst support meets a lower price

Fintel reported that Bell Potter upgraded HMC Capital from Hold to Buy on September 22, 2026. Fintel also reported aggregate consensus data from September 15, 2026, showing 14 recommendations, including 3 strong buys, 6 buys and 5 holds.

Macquarie raised its HMC Capital price target by 1 percent to AUD 4.34 on October 1, 2026, according to Moomoo. That target stands 51.2 percent above the October 5 price of AUD 2.87, placing the market quotation well below the published analyst level.

HMC stock stays below its yearly high

HMC Capital's market capitalization was AUD 1.2 billion on October 5, 2026, with 1,218,297 shares traded. The 52-week range was AUD 2.16 to AUD 4.62, leaving the latest price 37.9 percent below the upper end of that range.

HMC Capital was last at AUD 2.87 on the ASX on October 5, 2026 at 4:10 p.m. AEDT, while the session range was AUD 2.87 to AUD 2.97. The combination of a 1.71 percent daily decline and higher FY2027 guidance puts earnings conversion and recurring-fee growth at the center of the stock's next valuation test.