The Netwealth Group Ltd (ASX:NWL) share price is up 3.7% since the start of 2025. At the same time, the Goodman Group (ASX:GMG) share price is 20.3% away from its 52-week high. This brief article explains why it could be worth adding NWL and GMG shares to your ASX investing stock watchlist.
NWL share price in focus
Founded in 1999, Netwealth is a wealth management firm that offers a platform for financial planners to manage their clients’ investments.
As of 2024, Netwealth has over 140,000 account holders on its platform and over $88 billion of funds under administration (FUA).
Netwealth’s key advantage lies in its scale and user-friendly online platform. With a simple dashboard, users can easily buy and sell investments, track performance, and access charts, reports, and tax statements all in one place.
GMG shares
Goodman Group is a global integrated property group founded in 1989 that owns, develops and manages real estate assets across several continents.
The main operational hubs include markets such as Australia, New Zealand, the UK, Japan, the US, and Brazil, making Goodman the largest ASX-listed property group in 2025.
The company’s investment niche includes projects such as warehouses, large-scale logistics facilities and business and office parks. Goodman’s stated mission is to build mutually beneficial, long-term relationships with its customers and deliver high-quality assets.
NWL & GMG share price valuation
As a growth company, some of the trends we might investigate from NWL include revenue growth, profit growth, and return on equity (ROE). These measures can indicate the growth rates and prospects of the company, as well as their ability to generate returns from their assets.
Since 2021, NWL has grown revenue at a rate of 20.8% per year to reach $255m in FY24. Over the same stretch of time, net profit has increased from $54m to $83m. NWL last reported a ROE of 62.3%.
Since GMG is more of a ‘mature’ or ‘blue-chip’ business, some of the metrics that could be considered important include the debt/equity ratio, average yield, and return on equity, or ROE. These are useful as they give us an idea of debt levels and the company’s ability to generate a return on assets and pay out profits (which is what we want from a blue chip). In FY24, Goodman Group reported a debt/equity ratio of 21.2%, meaning the company has more equity than debt.
As for dividends, since 2019 GMG has achieved an average dividend yield of 1.3% per year.
Finally, in FY24, GMG reported an ROE of 0.1%. For a mature business you’re generally looking for an ROE of more than 10%, so GMG’s returns are a bit less than what we’d expect.
Keep in mind that these are only a small selection of metrics. We don’t have enough information to value the business or make an investment decision. To learn more about valuation, check out one of our free online investing courses.
