PERPETUAL LIMITED (PPT)
Share Price Analysis and Chart

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PPT - PERPETUAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 2.96
Index: ASX200 | ASX300 | ALL-ORDS

Perpetual is an Australian investment and trustee company providing investment products, superannuation financial advice and corporate services. The Perpetual Trustee Co was founded in 1886 and became a listed entity in 1964. Its core approach is based on 'value' investing.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$19.24

10 Sep
2024

0.090

OPEN

$19.28

0.47%

HIGH

$19.42

269,467

LOW

$19.19

TARGET
$23.08 20.0% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
PPT: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 420.8 173.0 xxx
DPS (cps) xxx 118.0 120.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 23.9% 2.2% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx N/A 69.7% xxx

Dividend yield today if purchased 3 years ago: 2.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.16

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: 13/03 - ex-div 65c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-420.8
DPS All xxxxxxxxxxxxxxx118.0
Sales/Revenue xxxxxxxxxxxxxxx1,333.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,583.0
Net Operating Cash Flow xxxxxxxxxxxxxxx296.4 M
Net Profit Margin xxxxxxxxxxxxxxx-35.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-22.96 %
Return on Invested Capital xxxxxxxxxxxxxxx-18.68 %
Return on Assets xxxxxxxxxxxxxxx-12.86 %
Return on Equity xxxxxxxxxxxxxxx-22.96 %
Return on Total Capital xxxxxxxxxxxxxxx5.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx122.8 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 xxxxxxxxxxxxxxx698 M
Long Term Debt xxxxxxxxxxxxxxx136 M
Total Debt xxxxxxxxxxxxxxx834 M
Goodwill - Gross xxxxxxxxxxxxxxx1,521 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx381 M
Price To Book Value xxxxxxxxxxxxxxx1.35

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx31.8 M
Capex % of Sales xxxxxxxxxxxxxxx2.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx196 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx975 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx382 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

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

30/08/2024

3

Neutral

$21.20

10.19%

FY24 results were ahead of expectations, largely driven by distribution income on seed investments, a lower-quality beat Macquarie asserts.

Perpetual expects net sale proceeds of $8.38-9.82/share with a $106-227m tax liability from PCT and WM, the former figure being below the broker's previous estimates.

Macquarie finds valuation appeal exists, yet until net flows show consistent improvement the stock is expected to trade on a depressed multiple. Neutral retained. Target is reduced to $21.20 from $22.80.

FORECAST
Macquarie forecasts a full year FY25 dividend of 105.00 cents and EPS of 159.00 cents.
Macquarie forecasts a full year FY26 dividend of 115.00 cents and EPS of 178.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

04/09/2024

2

Overweight

$21.85

13.57%

FY24 underlying EPS of 178.6c was 5.1% ahead of Jarden's estimates, driven by slightly stronger revenue and lower costs growth. Revenue was 3% ahead of estimates.

Perpetual provided indicative net cash proceeds from the potential sale of CT/WM, with the midpoint of the $957-1,121m guidance largely in line with the broker's expectations.

Amid increased clarity around deal economics, and asset management emerging as a simplified business, Jarden reiterates an Overweight rating target edges up to $21.85 from $21.75.

FORECAST
Jarden forecasts a full year FY25 dividend of 93.60 cents and EPS of 166.30 cents.
Jarden forecasts a full year FY26 dividend of 104.40 cents and EPS of 185.60 cents.
Access Extra Coverage Research History >

PPT STOCK CHART

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