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

$19.25

06 Aug
2026

0.000

OPEN

$18.76

0.000

HIGH

$20.03

2,125,300

LOW

$18.51

TARGET
$22.323

+0.32 change from previous day

 16.0% upside
Franking for last dividend paid out: 65%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . 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 86.9 xxx
DPS (cps) xxx 0.0 76.6 xxx
EPS Growth xxx 24.5% 10.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 21.6 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx N/A 88.1% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 02/03 - (franking ex-div 29.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx78.7
DPS All xxxxxxxxxxxxxxx0.0
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

0.8

No. Of Recommendations

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

Ord Minnett

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

05/08/2026

3

Neutral

$18.00

-6.49%

Pinnacle Investment Management announced a "messy" FY26 result, according to UBS.

The analyst points out June FUM and 4Q net flows were better than expected, providing a positive outlook for FY27.

However, realised profits over 2H26 were a considerable miss, with FY26 net profit after tax of $63m, some -22% below consensus and -25% below the broker's expectations.

The parent company also recorded higher operating costs, while growth appears to be concentrated in affiliates where Pinnacle has lower ownership stakes.

On the positive side, Pacific Asset Management reported 20% h/h growth in AUM, while Lifecycle grew 42% and Metrics increased 10%.

Pinnacle continues to trade at around a -24% discount to its five-year historical average. UBS has retained its Neutral rating and $18.00 target price.

FORECAST
UBS forecasts a full year FY27 dividend of 78.00 cents and EPS of 86.00 cents.
UBS forecasts a full year FY28 dividend of 91.00 cents and EPS of 101.00 cents.

Morgans

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

06/08/2026

1

Buy

$24.53

27.43%

Canaccord Genuity maintains a Buy rating for Pinnacle Investment Management with a $24.53 target price following strong FY26 results where funds under management grew 28% to $229.4bn.

Underlying net profit reached $138m, coming in 4% ahead of the broker's estimates on the back of higher net performance fees and $136m in affiliate profit contributions.

Subsequent growth driver Pacific Asset Management expanded its footprint through the acquisition of Asset Value Investors for GBP40m ($77m), adding $3.7bn across global and Japanese value strategies.

Strong profit acceleration across key affiliate Metrics Credit Partners is expected to help unwind the stock's recent valuation discount, cementing its position as the largest individual affiliate profit contributor.

Upgrading full-year funds under management forecasts by 2%, the analyst considers full-year ownership contributions from Pacific Asset Management and fee margin expansion primary catalysts for ongoing earnings momentum into FY27.
Access Extra Coverage Research History >

PNI STOCK CHART

FNArena News on PNI

1
Next Week At A Glance – 10-14 Aug 2026

11:38 AM - Weekly Reports
2
Pinnacle’s FY26 ‘Messy’ But Positive

11:00 AM - Australia
3
Australian Broker Call *Extra* Edition – Aug 06, 2026

Aug 06 2026 - Daily Market Reports
4
July In Review: Australia Beats AI & The USA

Aug 05 2026 - Australia
5
FNArena Corporate Results Monitor – 05-08-2026

Aug 05 2026 - Australia

Latest Wealth Management & Investments News

1
Pinnacle’s FY26 ‘Messy’ But Positive

11:00 AM - Australia
2
Weekly Update On LICs & LITs – 04-Aug-2026

Aug 04 2026 - Weekly Reports
3
Monthly Listed Investment Trust Report – Jul 2026

Aug 03 2026 - Australia
4
AI To Transform Asset Management

Jul 29 2026 - International
5
Weekly Update On LICs & LITs – 28-Jul-2026

Jul 28 2026 - Weekly Reports
6
Navigator Builds Momentum Into FY27

Jul 24 2026 - Small Caps
7
Weekly Update On LICs & LITs – 21-Jul-2026

Jul 21 2026 - Weekly Reports
8
Weekly Update On LICs & LITs – 14-Jul-2026

Jul 14 2026 - Weekly Reports
9
Netwealth Sacrifices Margin For Growth

Jul 10 2026 - Small Caps
10
Treasure Chest: ASX

Jul 08 2026 - Treasure Chest