Loading…
Global share-registry and corporate-trust services provider handling shareholder records, employee plans and mortgage servicing.
Global share-registry and corporate-trust services provider handling shareholder records, employee plans and mortgage servicing.
Charges listed companies fees to keep their shareholder records and run payments and employee share plans, and earns interest on client money it holds while it is being passed on. The registry and share-plan fees recur because issuers rarely switch. Most operations are outside Australia, in the UK, US and Canada.
In one line: Australia's Broadridge/Equiniti hybrid.
Moat: wide (scale, switching costs, installed base). Global scale in a niche, sticky registry business where switching providers is costly and rare.
Headquarters: Melbourne, Australia · Founded: 1978 · Employees: 11,625
Size Computershare (CPU.AX) is an Australia Industrials company (Miscellaneous Commercial Services) with a market value of $17.2B, the 23rd largest of 316 Australia companies the cockpit tracks. Shares closed at A$42.99 on 6 Nov 2026.
Performance Over six months the shares gained 43.8%, against +7.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 0.1% over the last twelve months (peer median +4.9%); the operating margin is 29.9% (peer median 14.8%).
Valuation It trades at 19.1× forward earnings against a peer median of 22.5× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.1 points above its cost of capital (6.4% WACC).
Credit Computershare has 1 bond outstanding ($557M), rated BBB by the agencies and trading like BBB at a weighted spread of 122 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$4.74B | A$4.75B | A$4.73B | A$4.45B | A$4.13B |
| Revenue growth | — | 0% | +6% | +8% | — |
| Gross profit | A$1.42B | A$1.61B | A$1.67B | A$1.76B | A$1.65B |
| EBITDA | A$1.67B | A$1.68B | A$1.75B | A$1.70B | A$1.61B |
| Net income | A$909M | A$913M | A$937M | A$789M | A$661M |
| Free cash flow | A$1.14B | A$1.18B | A$1.20B | A$1.05B | A$831M |
| Capital expenditure | A$50.4M | A$52.2M | A$67.2M | A$181M | A$167M |
| Total debt | n/a | A$1.96B | A$2.93B | A$2.67B | A$3.81B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Computershare CPU.AX | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% |
| Broadridge Financial Solutions BR | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPU.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +12.9% | 8th lowest of 21 |
| 6-month return | +43.8% | +7.6% | 3rd highest of 21 |
| Distance from 52-week high | -1.8% | -15.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +0.1% | +4.9% | 4th lowest of 21 |
| Operating margin | 29.9% | 14.8% | 3rd highest of 21 |
| Forward P/E | 19.1× | 22.5× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.6% | 8.2% | 5th least demanding of 20 |
| Growth delivered (Del g) | +9.2% | +7.4% | 8th highest of 20 |
| Hurdle (Req g minus delivered) | -11.8 pp | -0.7 pp | 5th least demanding of 20 |
| ROIC minus cost of capital | +20.1 pp | +6.4 pp | 3rd highest of 20 |
| EV / EBITDA | 15.1× | 12.6× | 5th most expensive of 20 |
| Net debt / EBITDA | 0.3× | 1.8× | 5th least indebted of 20 |
| Bond spread | 122 bp | 99 bp | 2nd widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Computershare CPU.AX | Australia | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% | +9.2% |
| Eurofins Scientific ERF.PA | France | $17.5B | +49% | +3% | 12% | 23.0× | 13.3% | +6.1% |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
| UL Solutions ULS | United States | $15.9B | -22% | +6% | 19% | 31.2× | 9.1% | +5.8% |
| Secom 9735.T | Japan | $18.8B | +16% | +4% | 13% | 22.7× | -0.3% | +3.9% |
| Bureau Veritas BVI.PA | France | $14.9B | +13% | +2% | 15% | 20.2× | 7.9% | +7.0% |
| Intertek ITRK.L | United Kingdom | $12.3B | +12% | +4% | 18% | 22.3× | 14.8% | +4.6% |
| CETC Lantian Technology 688818.SS | China | $12.1B | -33% | +5% | 9% | 214.2× | n/a | n/a |
| Sgs SGSN.SW | Switzerland | $24.8B | +21% | +5% | 15% | 24.5× | 3.1% | +4.4% |
| Rentokil Initial RTO.L | United Kingdom | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% | +13.4% |
| Baycurrent 6532.T | Japan | $11.2B | +132% | +32% | 33% | 35.6× | 6.4% | +28.2% |
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| Adyen ADYEN.AS | Netherlands | $32.0B | 0% | +17% | 42% | 23.7× | 18.9% | -6.0% |
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
| CAE CAE.TO | Canada | $8.67B | +3% | +5% | 13% | 29.5× | 13.2% | +10.5% |
| Spie SPIE.PA | France | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% | +9.3% |
| Universal Music UMG.AS | Netherlands | $35.3B | -15% | +5% | 16% | 16.9× | 7.1% | +11.0% |
| Experian EXPN.L | United Kingdom | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% | +8.9% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
Computershare has 1 bond outstanding with $557M face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 4.24%, a spread of 122 bp over government bonds.