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: 16.74
Index: ASX200 | ASX300 | ALL-ORDS

Pinnacle Investment Management Group takes equity interests in specialist investment managers and provides distribution, infrastructure and business support.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.56

15 Oct
2026

-0.420

OPEN

$13.76

-3.00%

HIGH

$13.78

1,112,225

LOW

$13.45

TARGET
$22.073 62.8% upside
Franking for last dividend paid out: 65%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . L1G . MAF . MFG . MQG . NGI . NWL . PAC . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 78.7 86.4 xxx
DPS (cps) xxx 60.0 72.0 xxx
EPS Growth xxx 24.5% 9.8% xxx
DPS Growth xxx 0.0% 20.0% xxx
PE Ratio xxx N/A 16.6 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 76.3% 83.4% xxx

Dividend yield today if purchased 3 years ago: 7.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.19

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: 31/08 - ex-div 31.00c (franking 65%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx78.7
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx95.2 M
Book Value Per Share xxxxxxxxxxxxxxx512.9
Net Operating Cash Flow xxxxxxxxxxxxxxx107.6 M
Net Profit Margin xxxxxxxxxxxxxxx185.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx17.04 %
Return on Invested Capital xxxxxxxxxxxxxxx14.44 %
Return on Assets xxxxxxxxxxxxxxx13.87 %
Return on Equity xxxxxxxxxxxxxxx17.04 %
Return on Total Capital xxxxxxxxxxxxxxx1.05 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-15.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx266 M
Total Debt xxxxxxxxxxxxxxx270 M
Goodwill - Gross xxxxxxxxxxxxxxx459 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx89 M
Price To Book Value xxxxxxxxxxxxxxx3.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx5.8 M
Capex % of Sales xxxxxxxxxxxxxxx6.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx3 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx79 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx280 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

07/08/2026

1

Buy

$23.40

72.57%

Pinnacle Investment Management's FY26 result was delivered on the back of a 9.7% organic jump in FUM over the second half. Ord Minnett's FY27 expectations are buoyed by the starting FUM, which is 14% higher than the FY26 average, and Pacific Asset Management will be included for the full 12 months.

On top of this, strong flows appear likely to persist, with Life Cycle leading the charge. The announced acquisition of Asset Value Investors was the "cherry on top", the broker says, albeit a modest acquisition yet well placed to benefit from the Pinnacle distribution engine.

There was plenty to like about this result, Ord Minnett suggests. Target rises to $23.40 from $22.10, Buy retained.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 77.00 cents and EPS of 85.60 cents.
Ord Minnett forecasts a full year FY28 dividend of 92.50 cents and EPS of 103.00 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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

06/08/2026

1

Buy

$24.53

80.90%

Canaccord Genuity maintains a Buy rating for Pinnacle Investment Management with a $24.53 target price following strong FY26 results where funds under management grew 28% to $229.4bn.

Underlying net profit reached $138m, coming in 4% ahead of the broker's estimates on the back of higher net performance fees and $136m in affiliate profit contributions.

Subsequent growth driver Pacific Asset Management expanded its footprint through the acquisition of Asset Value Investors for GBP40m ($77m), adding $3.7bn across global and Japanese value strategies.

Strong profit acceleration across key affiliate Metrics Credit Partners is expected to help unwind the stock's recent valuation discount, cementing its position as the largest individual affiliate profit contributor.

Upgrading full-year funds under management forecasts by 2%, the analyst considers full-year ownership contributions from Pacific Asset Management and fee margin expansion primary catalysts for ongoing earnings momentum into FY27.
Access Extra Coverage Research History >

PNI STOCK CHART

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