PRAEMIUM LIMITED (PPS)
Share Price Analysis and Chart

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PPS - PRAEMIUM LIMITED

FNArena Sector : Wealth Management & Investments

Year End: June

GICS Industry Group : Software & Services

Debt/EBITDA: 0.1

Index: ALL-ORDS | ALL-TECH

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.69 25 Mar 2025	-0.005 OPEN $0.71	-0.72% HIGH $0.73	717,231 LOW $0.69

TARGET

$0.90

30.4% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	1.8	3.3	xxx
DPS (cps)	xxx	1.0	2.0	xxx
EPS Growth	xxx	- 40.4%	86.4%	xxx
DPS Growth	xxx	N/A	100.0%	xxx
PE Ratio	xxx	N/A	21.5	xxx
Dividend Yield	xxx	N/A	2.8%	xxx
Div Pay Ratio(%)	xxx	56.5%	60.6%	xxx

Dividend yield today if purchased 3 years ago: 1.47%

DIVIDEND YIELD CALCULATOR

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: 04/09 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	1.8
DPS All	xxx	xxx	xxx	xxx	xxx	1.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	82.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	22.6
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	17.0 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	10.58 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	8.05 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	7.94 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	6.57 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	8.05 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	12.24 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	16.4 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Total Debt	xxx	xxx	xxx	xxx	xxx	2 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	50 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	44 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	2.23

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	8.4 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	10.09 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	60 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	9 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	2 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Ord Minnett	26/02/2025	2	Accumulate	$0.90	30.43%	Ord Minnett highlights Praemium’s 1H25 EBITDA of $12.9m was in line with forecasts but below the $13.5m consensus. The broker notes net profit after tax of $5.8m rose 46% year-on-year, with a 1cps fully franked dividend declared. The broker emphasises revenue momentum is improving due to pricing initiatives, while flows into the core SMA platform continue growing. The new Spectrum platform has had a strong start with a solid pipeline. Ord Minnett raises EPS forecasts by 0–4% over the next three years. The price target remains $0.90, with an Accumulate rating retained. FORECAST Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 3.30 cents. Ord Minnett forecasts a full year FY26 dividend of 2.40 cents and EPS of 4.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Ord Minnett

26/02/2025

Accumulate

$0.90

30.43%

Ord Minnett highlights Praemium’s 1H25 EBITDA of $12.9m was in line with forecasts but below the $13.5m consensus.

The broker notes net profit after tax of $5.8m rose 46% year-on-year, with a 1cps fully franked dividend declared.

The broker emphasises revenue momentum is improving due to pricing initiatives, while flows into the core SMA platform continue growing. The new Spectrum platform has had a strong start with a solid pipeline.

Ord Minnett raises EPS forecasts by 0–4% over the next three years. The price target remains $0.90, with an Accumulate rating retained.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 3.30 cents.
Ord Minnett forecasts a full year FY26 dividend of 2.40 cents and EPS of 4.00 cents.

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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
Moelis	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Canaccord Genuity	04/03/2025	1	Buy	$1.05	52.17%	Canaccord Genuity notes Praemium's 1H25 result was solid and the company is heading into 2H with significant earnings momentum. The broker highlights platform revenues benefitted from improving margins from repricing. Portfolio services saw an addition of seven new clients in 1H, taking the total to 12 and is set to benefit from an average price increase of 10% from January 1. The broker made modest changes to forecasts at the EBITDA and net profit line. Target price of $1.05 and Buy rating are maintained. FORECAST Canaccord Genuity forecasts a full year FY25 dividend of 1.50 cents and EPS of 4.00 cents. Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 5.00 cents.
Wilsons	xx/xx/xxxx	1	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

04/03/2025

Buy

$1.05

52.17%

Canaccord Genuity notes Praemium's 1H25 result was solid and the company is heading into 2H with significant earnings momentum.

The broker highlights platform revenues benefitted from improving margins from repricing. Portfolio services saw an addition of seven new clients in 1H, taking the total to 12 and is set to benefit from an average price increase of 10% from January 1.

The broker made modest changes to forecasts at the EBITDA and net profit line. Target price of $1.05 and Buy rating are maintained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 1.50 cents and EPS of 4.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 5.00 cents.

Wilsons

xx/xx/xxxx

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Extra Coverage Research History >

PPS STOCK CHART

FNArena News on PPS

1	Australian Broker Call Extra Edition – Mar 05, 2025 Mar 05 2025 - Daily Market Reports

2	Australian Broker Call Extra Edition – Mar 04, 2025 Mar 04 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Mar 03, 2025 Mar 03 2025 - Daily Market Reports

4	FNArena Corporate Results Monitor – 26-02-2025 Feb 26 2025 - Australia

5	Australian Broker Call Extra Edition – Feb 18, 2025 Feb 18 2025 - Daily Market Reports

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6	Monthly Listed Investment Trust Report – Mar 2025 Mar 10 2025 - Australia

7	Weekly Update On LICs & LITs – 25-Feb-2025 Feb 25 2025 - Weekly Reports

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10	Perpetual: Closing The Gap Feb 03 2025 - Technicals

Dividend Yield Today On Last Actual Payout :	1.41
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
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Year 1
Year 2
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1	Australian Broker Call Extra Edition – Mar 05, 2025 Mar 05 2025 - Daily Market Reports

2	Australian Broker Call Extra Edition – Mar 04, 2025 Mar 04 2025 - Daily Market Reports

3	Australian Broker Call Extra Edition – Mar 03, 2025 Mar 03 2025 - Daily Market Reports

4	FNArena Corporate Results Monitor – 26-02-2025 Feb 26 2025 - Australia

5	Australian Broker Call Extra Edition – Feb 18, 2025 Feb 18 2025 - Daily Market Reports

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PRAEMIUM LIMITED (PPS)
Share Price Analysis and Chart