PRAEMIUM LIMITED (PPS)
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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

$0.65

20 Nov
2024

0.030

OPEN

$0.63

4.84%

HIGH

$0.66

966,744

LOW

$0.62

TARGET
$0.63 -3.1% 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 . PNI . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
PPS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 1.8 3.2 xxx
DPS (cps) xxx 1.0 2.0 xxx
EPS Growth xxx - 40.4% 80.8% xxx
DPS Growth xxx N/A 100.0% xxx
PE Ratio xxx N/A 20.8 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 56.5% 62.5% xxx

Dividend yield today if purchased 3 years ago: 0.68%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.50

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

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx1.8
DPS All xxxxxxxxxxxxxxx1.0
Sales/Revenue xxxxxxxxxxxxxxx82.7 M
Book Value Per Share xxxxxxxxxxxxxxx22.6
Net Operating Cash Flow xxxxxxxxxxxxxxx17.0 M
Net Profit Margin xxxxxxxxxxxxxxx10.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.05 %
Return on Invested Capital xxxxxxxxxxxxxxx7.94 %
Return on Assets xxxxxxxxxxxxxxx6.57 %
Return on Equity xxxxxxxxxxxxxxx8.05 %
Return on Total Capital xxxxxxxxxxxxxxx12.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.4 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx50 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx44 M
Price To Book Value xxxxxxxxxxxxxxx2.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx8.4 M
Capex % of Sales xxxxxxxxxxxxxxx10.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx60 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

23/10/2024

3

Hold

$0.63

-3.08%

Ord Minnett notes Praemium reported steady flows for its SMA product in 1Q25 and lower outflows in Powerwrap.

The broker believes the result was better than expected due to the reduced Powerwrap outflows.

Funds under administration rose 3.5% to $29bn over the quarter and are up 30.3% on a year earlier.

EPS forecasts are raised by the analyst between 4% to 6% over FY25 to FY27.

Target price lifts to 63c from 55c. No change to Hold rating.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 2.00 cents and EPS of 3.20 cents.
Ord Minnett forecasts a full year FY26 dividend of 2.30 cents and EPS of 3.80 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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%

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Wilsons

06/11/2024

1

Overweight

$0.73

12.31%

Wilsons highlights recent revitalisation in Pooled Cash for major platform challengers Hub24 ((HUB)), Netwealth Group ((NWL)), and Praemium, driven by a shift from term deposits (TDs) as offshore markets ease.

This trend, alongside increased ASX trading volumes, supports a positive outlook for 1H25 and FY25 results, with Hub24 positioned to benefit most from these tailwinds.

The broker retains an Overweight rating on Hub24, viewing it as the top pick due to its lower exposure to fee caps and ability to leverage positive market trends.

Netwealth Group is rated Market Weight and benefits from larger average account sizes, particularly in non-super accounts. Praemium is also rated Overweight and has shown growth in trading volumes and model rebalancing.

Wilsons anticipates limited impact from Pay-Day Super changes for Hub24 and Netwealth Group, noting most inflows are from rollovers rather than direct contributions.

FORECAST
Wilsons forecasts a full year FY25 dividend of 2.10 cents and EPS of 3.60 cents.
Wilsons forecasts a full year FY26 dividend of 2.60 cents and EPS of 4.40 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

PPS STOCK CHART

FNArena News on PPS

1
Australian Broker Call *Extra* Edition – Nov 06, 2024

Nov 06 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Oct 28, 2024

Oct 28 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 23, 2024

Oct 23 2024 - Daily Market Reports
4
Rudi’s View: Growth Is Not A Dirty Word

Sep 25 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports

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