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: 4.53
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$16.47

16 Apr
2026

1.080

OPEN

$16.15

7.02%

HIGH

$16.62

1,389,603

LOW

$16.13

TARGET
$21.353 29.6% upside
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 63.2 67.6 xxx
DPS (cps) xxx 60.0 62.0 xxx
EPS Growth xxx 38.0% 6.9% xxx
DPS Growth xxx 42.9% 3.3% xxx
PE Ratio xxx N/A 25.3 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 94.9% 91.6% xxx

Dividend yield today if purchased 3 years ago: 7.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.51

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: 01/09 - ex-div 27c (franking 88%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx63.2
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx77.8 M
Book Value Per Share xxxxxxxxxxxxxxx428.5
Net Operating Cash Flow xxxxxxxxxxxxxxx124.3 M
Net Profit Margin xxxxxxxxxxxxxxx172.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx19.56 %
Return on Invested Capital xxxxxxxxxxxxxxx16.91 %
Return on Assets xxxxxxxxxxxxxxx16.35 %
Return on Equity xxxxxxxxxxxxxxx19.56 %
Return on Total Capital xxxxxxxxxxxxxxx2.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx108 M
Total Debt xxxxxxxxxxxxxxx110 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxxxxx4.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx2 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx53 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx437 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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

06/02/2026

1

Upgrade to Buy from Accumulate

$23.21

40.92%

Morgans upgrades Pinnacle Investment Management to Buy from Accumulate and lowers its target price to $23.21 from $26.30.

The analyst points to 1H26 net profit after tax as a miss on consensus by -4%, but excluding one-off items it was basically in line and was, under the surface, a more robust result than the numbers infer.

Pinnacle announced it will acquire the remaining circa 79% of its UK affiliate, Pacific Asset Management, for -GBP212m or -$418m with a -GBP121m cash component and GBP91.8m in shares issued at $17.157.

The broker lowers EPS forecasts for FY26 by -7% on the softer than expected 1H26 result and EPS dilution from the equity issuance, while raising the FY27 EPS estimate by 8% for the earnings accretion from this acquisition.

FORECAST
Morgans forecasts a full year FY26 dividend of 63.00 cents and EPS of 67.00 cents.
Morgans forecasts a full year FY27 dividend of 80.00 cents and EPS of 88.00 cents.

Ord Minnett

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

Canaccord Genuity

01/04/2026

1

Buy

$24.53

48.94%

Canaccord Genuity observes Pinnacle Investment Management's major Metrics funds are tracking well, with assets holding steady since the December half reflecting that fears of widespread redemptions and liquidity shortfall do not seem to be materialising yet.

The broker acknowledges there are sentiment pressures in the sector and the most prudent risk worth evaluating is any second-order impact from global conflict that could weigh on loan serviceability later in the year.

Estimates for EPS are downgraded by -10-13%, driven by lower funds under management with the rally in the AUD/GBP and AUD/USD unhelpful. Buy rating unchanged. Target is reduced to $24.53 from $27.22.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 57.00 cents and EPS of 60.80 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 76.00 cents and EPS of 81.30 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

FNArena News on PNI

1
In Brief: Bell Financial, Pinnacle & Computershare

Apr 02 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 01, 2026

Apr 01 2026 - Daily Market Reports
3
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View
4
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
5
Rudi’s View: TACO Time?

Mar 11 2026 - Rudi's View

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