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: 7.2
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$15.92

25 Jul
2024

-0.720

OPEN

$16.13

-4.33%

HIGH

$16.17

803,587

LOW

$15.87

TARGET
$14.33 -10.0% downside
Franking for last dividend paid out: 100%
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 . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 39.4 39.8 xxx
DPS (cps) xxx 36.0 36.9 xxx
EPS Growth xxx - 2.1% 1.1% xxx
DPS Growth xxx 2.9% 2.4% xxx
PE Ratio xxx N/A 40.0 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 91.5% 92.6% xxx

Dividend yield today if purchased 3 years ago: 2.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.26

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: 07/03 - ex-div 15.6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx39.4
DPS All xxxxxxxxxxxxxxx36.0
Sales/Revenue xxxxxxxxxxxxxxx54.2 M
Book Value Per Share xxxxxxxxxxxxxxx217.1
Net Operating Cash Flow xxxxxxxxxxxxxxx58.8 M
Net Profit Margin xxxxxxxxxxxxxxx141.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.54 %
Return on Invested Capital xxxxxxxxxxxxxxx14.63 %
Return on Assets xxxxxxxxxxxxxxx14.04 %
Return on Equity xxxxxxxxxxxxxxx18.54 %
Return on Total Capital xxxxxxxxxxxxxxx2.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx100 M
Total Debt xxxxxxxxxxxxxxx120 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx28 M
Price To Book Value xxxxxxxxxxxxxxx4.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx2 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx37 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx163 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

14/05/2024

1

Buy

$16.00

0.50%

Ord Minnett lifts its target for Pinnacle Investment Management to $16 from $13 on the back of earnings changes in the wake of an April trading update which beat expectations. The Buy rating is maintained.

Flow momentum is the best in over two years, notes the broker, while there is added longer-term potential from the addition of a global equities Affiliate of high repute - namely Royal London Asset Management.

Funds under management (FUM) at the close of April were $106bn, up 6% from the end of December 2023, and slightly ahead of the analysts' forecast.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 36.50 cents and EPS of 40.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 45.00 cents and EPS of 53.20 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

Wilsons

16/05/2024

1

Overweight

$14.10

-11.43%

Pinnacle Investment Management reported a 6% increase in Funds Under Management (FUM) to $106.0bn as of April 30, 2024, exceeding the forecast of $105.6bn.

Wilsons point to strong international (up $2.8bn) and retail inflows (up $1.1bn), despite subdued domestic institutional inflows.

The broker anticipates better performance fees in the latter half of 2024 and into 2025, supported by Pinnacle's expanding international initiatives.

The broker has adjusted  net profit forecasts for FY24 to $81.4m (up 0.7%) and up 1.3% for FY25 to $110.6m on the back of moderate FUM growth assumptions.

Overweight rating and target price revised up 6% to $14.10.

FORECAST
Wilsons forecasts a full year FY24 dividend of 32.70 cents and EPS of 41.20 cents.
Wilsons forecasts a full year FY25 dividend of 43.90 cents and EPS of 55.20 cents.
Access Stockbroker Research History >

PNI STOCK CHART

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