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: 13.11
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.51

12 May
2025

0.010

OPEN

$19.66

0.05%

HIGH

$19.78

432,649

LOW

$19.35

TARGET
$22.80

-0.76 change from previous day

 16.9% upside
Franking for last dividend paid out: 72%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 45.8 64.2 xxx
DPS (cps) xxx 42.0 56.4 xxx
EPS Growth xxx 16.4% 40.2% xxx
DPS Growth xxx 16.7% 34.4% xxx
PE Ratio xxx N/A 30.4 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 91.7% 87.9% xxx

Dividend yield today if purchased 3 years ago: 4.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.15

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: 02/09 - ex-div 26.40c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx45.8
DPS All xxxxxxxxxxxxxxx42.0
Sales/Revenue xxxxxxxxxxxxxxx56.6 M
Book Value Per Share xxxxxxxxxxxxxxx235.8
Net Operating Cash Flow xxxxxxxxxxxxxxx76.7 M
Net Profit Margin xxxxxxxxxxxxxxx159.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.57 %
Return on Invested Capital xxxxxxxxxxxxxxx16.64 %
Return on Assets xxxxxxxxxxxxxxx15.91 %
Return on Equity xxxxxxxxxxxxxxx20.57 %
Return on Total Capital xxxxxxxxxxxxxxx1.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.7 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx108 M
Total Debt xxxxxxxxxxxxxxx109 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx33 M
Price To Book Value xxxxxxxxxxxxxxx6.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.06 %
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx48 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx154 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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

07/05/2025

3

Neutral

$19.50

-0.05%

Pinnacle Investment Management reported third quarter FY25 FUM growth of 3% on the previous quarter, which was broadly in line with UBS' expectations but appeared to reflect stronger organic growth, with net flows of $6.2bn versus the forecast of $5.3bn.

Given the challenging market volatility over the period, this was a "resilient" result, the broker states, reflecting the benefits of Pinnacle’s diversified platform.

UBS believes the outlook for Pinnacle is positive, with robust flow expectations. The analyst lifts EPS forecasts by 1% and 5% for FY25/FY26, respectively.

No change to the Neutral rating due to perceived valuation constraints, which are extended at current levels. Target price raised to $19.50 from $18.40.

FORECAST
UBS forecasts a full year FY25 dividend of 60.00 cents and EPS of 68.00 cents.
UBS forecasts a full year FY26 dividend of 68.00 cents and EPS of 78.00 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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

22/04/2025

2

Overweight

$22.05

13.02%

Pinnacle Investment Management's Life Cycle business finished the non-solicit clause with Royal London in January, leaving it free to pursue AUM previously managed under Royal London.

Jarden estimates the total funds it would potentially win is about $15-17bn vs Pinnacle's total FUM of $155bn.

So far this year, Life Cycle's AUM increased to over $2bn from $1.0bn at the end of December, and the broker will now monitor the data closely to get a good sense of fund flows.

Overweight. Target unchanged at $22.05.

FORECAST
Jarden forecasts a full year FY25 dividend of 57.70 cents and EPS of 61.80 cents.
Jarden forecasts a full year FY26 dividend of 60.40 cents and EPS of 62.40 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

FNArena News on PNI

1
Australian Broker Call *Extra* Edition – May 08, 2025

May 08 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Apr 22, 2025

Apr 23 2025 - Daily Market Reports
3
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Apr 22 2025 - Technicals
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Apr 17 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 07, 2025

Apr 07 2025 - Daily Market Reports

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