PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (PNI)
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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

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$15.73

28 Jul
2026

-0.270

OPEN

$15.96

-1.69%

HIGH

$16.02

1,211,538

LOW

$15.48

TARGET
$22.288 41.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . GDG . GQG . HMC . HUB . 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 66.0 xxx
DPS (cps) xxx 60.0 60.4 xxx
EPS Growth xxx 38.0% 4.4% xxx
DPS Growth xxx 42.9% 0.6% xxx
PE Ratio xxx N/A 23.5 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 94.9% 91.5% xxx

Dividend yield today if purchased 3 years ago: 5.72%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.87

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: 02/03 - (franking ex-div 29.00c)

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

03/06/2026

1

Outperform

$25.11

59.63%

Pinnacle Investment Management's affiliate Metrics Credit provided an investor update on its listed funds following ASIC's private credit surveillance, Macquarie observes.

The update outlined the composition of the investment committee, governance arrangements, and information relating to conflicts of interest and other related-party transactions.

Metrics had AUM of $36.7bn at the end of December, comprising FUM of $20bn and debt of $16.6bn. The broker notes Pinnacle owns around 10% of Metrics.

No changes have been made to earnings forecasts for Pinnacle. Outperform rated with a retained $25.11 target price.

FORECAST
Macquarie forecasts a full year FY26 dividend of 60.30 cents and EPS of 69.30 cents.
Macquarie forecasts a full year FY27 dividend of 71.90 cents and EPS of 86.00 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

29/07/2026

1

Buy

$24.53

55.94%

Canaccord Genuity retains a Buy rating for Pinnacle Investment Management with an unchanged target price of $24.53 following an updated mark-to-market evaluation ahead of full-year results.

Fourth-quarter net funds under management flows of $6.9bn pushed total funds under management estimates up 3%-4% to reach $224.6bn, supported by strong performance across affiliate managers.

Underlying net profit after tax estimates for FY26 were lowered by -4% to $132.9m due to reduced performance fee income and higher second-half financing costs.

Full 100% ownership of Pacific Asset Management provides a significant earnings tailwind entering FY27, commentary points out, with key affiliates set to broaden profit contributions.

The analyst considers the company well positioned to deliver accelerating medium-term earnings growth as retail inflows and new mandate wins expand recurring service fees.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 56.00 cents and EPS of 59.10 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 75.00 cents and EPS of 85.80 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

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