PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (PNI)
Share Price Analysis and Chart

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PNI - PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 13.11
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$22.60

20 Dec
2024

-0.300

OPEN

$22.70

-1.31%

HIGH

$22.85

1,198,213

LOW

$22.56

TARGET
$23.975 6.1% upside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 45.8 57.4 xxx
DPS (cps) xxx 42.0 49.1 xxx
EPS Growth xxx 16.4% 25.4% xxx
DPS Growth xxx 16.7% 16.9% xxx
PE Ratio xxx N/A 39.4 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 91.7% 85.5% xxx

Dividend yield today if purchased 3 years ago: 2.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.86

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: 02/09 - ex-div 26.40c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx45.8
DPS All xxxxxxxxxxxxxxx42.0
Sales/Revenue xxxxxxxxxxxxxxx56.6 M
Book Value Per Share xxxxxxxxxxxxxxx235.8
Net Operating Cash Flow xxxxxxxxxxxxxxx76.7 M
Net Profit Margin xxxxxxxxxxxxxxx159.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.57 %
Return on Invested Capital xxxxxxxxxxxxxxx16.64 %
Return on Assets xxxxxxxxxxxxxxx15.91 %
Return on Equity xxxxxxxxxxxxxxx20.57 %
Return on Total Capital xxxxxxxxxxxxxxx1.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.7 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 xxxxxxxxxxxxxxx108 M
Total Debt xxxxxxxxxxxxxxx109 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx33 M
Price To Book Value xxxxxxxxxxxxxxx6.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.06 %
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx48 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx154 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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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

22/11/2024

1

Buy

$26.00

15.04%

Pinnacle Investment Management has raised $400m through an institutional placement at $20.30 per share to fund two offshore acquisitions totaling -$143m, expanding into the UK and US markets, observes Ord Minnett.

The company has also launched a $25m share purchase plan (SPP) for retail investors.

Pinnacle will allocate -$93m for a 22.5% stake in VSS Capital, a US-based private equity manager, and -$50m for a 25% stake in Pacific Asset Management, a UK-based fund distribution and investment company.

The remaining funds will be used for seed capital for new funds ($75m) and reserve capital for future acquisitions ($182m). Ord Minnett retains a Buy rating and raises the target price to $26 from $23, citing an enhanced growth outlook from the acquisitions.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 50.50 cents and EPS of 59.20 cents.
Ord Minnett forecasts a full year FY26 dividend of 65.00 cents and EPS of 76.70 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$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

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Wilsons

28/10/2024

1

Overweight

$20.50

-9.29%

It is Wilsons' assessment, Pinnacle Investment Management provided a solid update ahead of its 2024 AGM, with notable growth in its Metrics FUM.

Since the acquisition of a 35% stake in Metrics in 2018, FUM has grown by 550%, now contributing 15% of Pinnacle's total group FUM and 20% of gross fees, the broker points out.

Wilsons has upgraded its 1Q25 FUM estimates to $125b, reflecting a 13% quarterly increase, supported by the Antipodes acquisition of Maple Brown Abbot and strong equity market performance.

Pinnacle’s net profit forecast has been raised by 2% for FY25 and 3% for FY26. The price target has been lifted to $20.50 from $19.70, with the broker maintaining an Overweight rating. 

FORECAST
Wilsons forecasts a full year FY25 dividend of 49.10 cents and EPS of 53.40 cents.
Wilsons forecasts a full year FY26 dividend of 55.50 cents and EPS of 63.10 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

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