PLATINUM ASSET MANAGEMENT LIMITED (PTM)
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PTM

PTM - PLATINUM ASSET MANAGEMENT LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.16
Index: ASX300 | ALL-ORDS

Platinum Asset Management is an Australian fund manager focussing on international equity investments. It has been listed since 2007. Founder Kerr Neilson, sometimes referred to as the Australian Warren Buffett, officially left the business in August 2020.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.62

13 May
2025

0.000

OPEN

$0.62

0.000

HIGH

$0.65

1,409,068

LOW

$0.62

TARGET
$0.51 -17.7% downside
Franking for last dividend paid out: 100%
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 . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PTM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.0 6.4 xxx
DPS (cps) xxx 10.0 23.9 xxx
EPS Growth xxx - 43.6% - 20.1% xxx
DPS Growth xxx - 28.6% 100.0% xxx
PE Ratio xxx N/A 9.5 xxx
Dividend Yield xxx N/A 39.5% xxx
Div Pay Ratio(%) xxx 125.8% 376.6% xxx

Dividend yield today if purchased 3 years ago: 5.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 16.53

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: 12/12 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx185.6 M
Book Value Per Share xxxxxxxxxxxxxxx56.1
Net Operating Cash Flow xxxxxxxxxxxxxxx79.7 M
Net Profit Margin xxxxxxxxxxxxxxx24.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.01 %
Return on Invested Capital xxxxxxxxxxxxxxx13.76 %
Return on Assets xxxxxxxxxxxxxxx12.81 %
Return on Equity xxxxxxxxxxxxxxx14.01 %
Return on Total Capital xxxxxxxxxxxxxxx22.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4.3 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 xxxxxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxxxxx12 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx250 M
Price To Book Value xxxxxxxxxxxxxxx1.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx9 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx102 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx33 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

07/05/2025

5

Downgrade to Sell from Hold

$0.52

-16.13%

Funds under management (FUM) by Platinum Asset Management fell by -6.1% in April to $9.65bn, driven by -$243m in net outflows and -$386m from investment performance and currency impacts, explains Bell Potter.

The result was worse-than-expected, with outflows nearly double the broker's forecast. It's noted a -$958m institutional mandate loss, effective May 9, will likely remove around -$10m in annual revenue. 

The analysts ponder whether this redemption was expected when the merger with L1 was announced last week.

The broker lowers its target price to 52c from 58c and downgrades to Sell from Hold, citing uncertainty from the mandate loss.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 22.83 cents and EPS of 6.70 cents.
Bell Potter forecasts a full year FY26 dividend of 1.90 cents and EPS of 3.80 cents.
Access Stockbroker Research History >
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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

06/05/2025

3

Neutral

$0.54

-12.90%

Jarden considers Platinum Asset Management's potential merger plans with L1 Capital ((LSF)) as a strategically sensible one which would provide both revenue and cost synergies.

Such a merger would create a $18bn MergeCo where L1 Capital will own 75% and existing Platinum shareholders will hold 25% share. 

The broker's estimates suggest 9.7x implied PE for MergeCo, though it believes the MergeCo EPS of $6.60 may be on the conservative side.

Neutral. Target unchanged at 54c.

FORECAST
Jarden forecasts a full year FY25 dividend of 24.40 cents and EPS of 5.60 cents.
Jarden forecasts a full year FY26 dividend of 3.60 cents and EPS of 3.60 cents.
Access Extra Coverage Research History >

PTM STOCK CHART

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