PLATINUM ASSET MANAGEMENT LIMITED (PTM)
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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

$1.06

22 Nov
2024

0.000

OPEN

$1.07

0.000

HIGH

$1.08

244,274

LOW

$1.06

TARGET
$1.06
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PTM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.0 7.4 xxx
DPS (cps) xxx 10.0 8.0 xxx
EPS Growth xxx - 43.6% - 7.5% xxx
DPS Growth xxx - 28.6% - 20.0% xxx
PE Ratio xxx N/A 14.4 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx 125.8% 108.8% xxx

Dividend yield today if purchased 3 years ago: 3.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.43

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: 05/09 - ex-div 4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

-0.5

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

02/09/2024

5

Downgrade to Sell from Neutral

$0.91

-14.15%

UBS is disappointed by ongoing revenue "leakage" for Platinum Asset Management and now believes cost outs will be "chasing" declining funds under management. Some $20m in costs were back out in FY24, the broker notes.

Management is repositioning its investment team as poor performance drags on its flagship product, with implementation to be phased in over the next six months.

UBS revises EPS forecasts by -8% in FY25 and 1% for FY26 with double-digit percentage outflows of funds under management likely in the near term.

Target price cut to 91c, and stock downgraded to Sell from Neutral.

FORECAST
UBS forecasts a full year FY25 EPS of 8.00 cents.
UBS forecasts a full year FY26 EPS of 6.00 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

14/10/2024

3

Neutral

$0.92

-13.21%

Jarden does not expect a material recovery for flows in the next 12 months for Platinum Asset Management given the performance of the International Fund deteriorated slightly in September.

More positively, Platinum's turnaround strategy is showing good early signs, according to the broker, with product rationalisation now largely complete ahead of the December target, and better-than-expected expense savings.

Neutral. The target slips to 92c from 94c.

FORECAST
Jarden forecasts a full year FY25 dividend of 7.50 cents and EPS of 7.80 cents.
Jarden forecasts a full year FY26 dividend of 7.10 cents and EPS of 7.40 cents.
Access Extra Coverage Research History >

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