Whitefield Industrials Limited
WHF.AX
Australian Securities Exchange4.75
AUD
+0.02
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Whitefield Industrials Limited
WHF.AX
(Australian Securities Exchange)
Recent
price
4.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Whitefield Industrials Limited (ASX:WHF) is an Australia-based listed investment company that holds a diversified portfolio of Australian Securities Exchange-listed industrial (non-resource) shares from the S&P/ASX200 Industrials universe; its principal activity is investing in companies and trusts across sectors including banks, non-bank financials, health care, industrials, consumer discretionary, real estate, consumer staples, communication services, information technology, materials and utilities. The company provides investors with exposure to a market capitalisation-weighted portfolio enhanced by quantitative analysis to emphasise companies with strong future earnings capacity, resilience and value, while minimising tracking error against the S&P/ASX200 Industrials Accumulation Index (target 0.7%-1.0%); it seeks reliable franked income, risk-adjusted returns superior to peers, and portfolio outperformance of 0-100 basis points over rolling five-year periods. Founded in 1923 and headquartered at Suite 19.01, Level 19, 68 Pitt Street, Sydney, Australia, Whitefield Industrials operates primarily in the Australian securities industry, with its investment manager Whitefield Capital Management Pty Ltd overseeing a fully invested long-only strategy with nil gearing and low operating costs of approximately 0.41% of average assets. The company's portfolio comprises 168 holdings plus cash equivalents, with key exposures at 31 March 2025 including banks (30.06%), non-bank financials (12.23%), health care (11.28%), industrials (10.51%) and consumer discretionary (10.36%); top contributors to the fiscal year 2025 investment return of 7.5% (outperforming the benchmark's 6.7%) included Promedicus, Qantas, Technology One, Computershare, Aristocrat, JB Hi-Fi, Ansell, Telix Pharmaceuticals, Sigma Pharmaceuticals, Fisher & Paykel Healthcare, Regis Healthcare, Pinnacle Investment Management Group, Life360, major banks, Brambles, Wesfarmers and QBE. Whitefield Industrials generates revenue from dividend income, interest income and realised gains from its investment portfolio sales, delivering fully franked six-monthly dividends of 10.5 cents per ordinary share (up from 10.25 cents prior year) and earnings per ordinary share of 18.7 cents (10% increase); net asset backing per ordinary share stood at $6.04 before deferred tax ($5.41 after), with total net assets of $650.2 million. In recent major developments, Whitefield Industrials conducted an on-market buy-back of its Convertible Resettable Preference Shares (WHFPBs) from June to November 2024, repurchasing 115,573 shares for $11.7 million; the remaining 134,383 WHFPBs expired on 30 November 2024 and converted into 2,372,147 ordinary shares at $5.66 per share, eliminating the preference share class and generating a $334,716 gain. The company reported operating profit after tax of $22.4 million for the year ended 31 March 2025 (up 10% excluding the preference gain), with investment revenue rising 7% from dividend increases among holdings such as CBA, Westpac, NAB, Scentre Group, QBE, Woolworths, Suncorp, Brambles, CSL, Origin, Telstra and JB Hi-Fi; total comprehensive income reached $40.4 million, supported by DRP/DSP uptake adding $16.5 million in capital.