PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (PNI)
Share Price Analysis and Chart

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PNI

PNI - PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 16.74
Index: ASX200 | ASX300 | ALL-ORDS

Pinnacle Investment Management Group takes equity interests in specialist investment managers and provides distribution, infrastructure and business support.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$15.23

04 Nov
2026

-0.960

OPEN

$16.20

-5.93%

HIGH

$16.23

1,095,698

LOW

$15.06

TARGET
$21.67 42.3% upside
Franking for last dividend paid out: 65%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BJY . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . L1G . MAF . MQG . NGI . NWL . PAC . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 78.7 83.1 xxx
DPS (cps) xxx 60.0 69.3 xxx
EPS Growth xxx 24.5% 5.6% xxx
DPS Growth xxx 0.0% 15.5% xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 76.3% 83.3% xxx

Dividend yield today if purchased 3 years ago: 7.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.66

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - ex-div 31.00c (franking 65%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx78.7
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx95.2 M
Book Value Per Share xxxxxxxxxxxxxxx512.9
Net Operating Cash Flow xxxxxxxxxxxxxxx107.6 M
Net Profit Margin xxxxxxxxxxxxxxx185.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx17.04 %
Return on Invested Capital xxxxxxxxxxxxxxx14.44 %
Return on Assets xxxxxxxxxxxxxxx13.87 %
Return on Equity xxxxxxxxxxxxxxx17.04 %
Return on Total Capital xxxxxxxxxxxxxxx1.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-15.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx266 M
Total Debt xxxxxxxxxxxxxxx270 M
Goodwill - Gross xxxxxxxxxxxxxxx459 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx89 M
Price To Book Value xxxxxxxxxxxxxxx3.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx5.8 M
Capex % of Sales xxxxxxxxxxxxxxx6.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx3 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx79 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx280 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

30/10/2026

1

Buy

$17.85

17.20%

Following Pinnacle Investment Management's first-quarter update, UBS raises its target by 85c to $17.85 and retains a Buy rating.

Domestic institutional and retail flows exceeded expectations, offsetting weaker international flows, the analysts note.

Net inflows of $5.9bn beat the UBS forecast but fell modestly below the consensus run-rate.

The group's momentum remains strong, in the broker's opinion, although private credit and property pressures at Metrics Credit Partners could temper broader growth.

The shares remain attractively valued relative to historical multiples, the broker believes.

FORECAST
UBS forecasts a full year FY27 dividend of 77.00 cents and EPS of 85.00 cents.
UBS forecasts a full year FY28 dividend of 91.00 cents and EPS of 101.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

10/08/2026

2

Overweight

$18.70

22.78%

Jarden maintains an Overweight rating for Pinnacle Investment Management with its target price decreased to $18.70 from $19.15 following what is labelled an "underwhelming" full-year result.

While FY26 EPS missed consensus by -7% due to higher affiliate costs across the broader network, the analyst highlights robust top-line momentum with total funds under management reaching $229.4bn, supported by strong net flows during the second half.

Over the final two months of FY26, the newly acquired PAM business annualised approximately $99m in revenue and $39m in profit before tax.

However, the broker's estimates for FY27 to FY29 EPS were lowered by -4%-5% to account for higher affiliate expenses, partially offset by increased performance fees and an expanded contribution from PAM's recent 100% acquisition of Asset Value Investors.

Despite the earnings downgrades, the analyst views the company favourably at current valuation multiples, noting potential upside from further distribution synergies and global expansion of the managed account offering.

FORECAST
Jarden forecasts a full year FY27 EPS of 79.20 cents.
Jarden forecasts a full year FY28 EPS of 97.30 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

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