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: 0.11
Index: ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.465

25 Jul
2024

0.000

OPEN

$0.46

0.000

HIGH

$0.47

422,587

LOW

$0.45

TARGET
$0.50 7.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PPS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 3.0 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx - 65.5% N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 25/07 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx74.3 M
Book Value Per Share xxxxxxxxxxxxxxx21.5
Net Operating Cash Flow xxxxxxxxxxxxxxx23.4 M
Net Profit Margin xxxxxxxxxxxxxxx20.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.40 %
Return on Invested Capital xxxxxxxxxxxxxxx13.79 %
Return on Assets xxxxxxxxxxxxxxx10.58 %
Return on Equity xxxxxxxxxxxxxxx14.40 %
Return on Total Capital xxxxxxxxxxxxxxx12.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.1 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx48 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx3.13

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.1 M
Capex % of Sales xxxxxxxxxxxxxxx10.96 %
Cost of Goods Sold xxxxxxxxxxxxxxx50 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 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

18/07/2024

3

Downgrade to Hold from Buy

$0.50

7.53%

Praemium’s June Q update was below Ord Minnett's expectations, with the SMA not growing as fast as forecast and Powerwrap experiencing larger outflows.

The SMA platform is not currently providing sufficient momentum to offset outflows from other areas of the business, the broker notes. OneVue and the new investor-directed portfolio service offer growth opportunities, but not in the short term. OneVue needs to be integrated and the new IDPS needs to be launched.

Praemium is unlikely to post material net new business over the next 12 months, Ord Minnett warns. In that context, valuation is likely to remain discounted. Target falls to 50c from 55c, downgrade to Hold from Buy.
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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

30/04/2024

1

Buy

$0.86

84.95%

A positive March quarter update from Praemium, according to Canaccord Genuity. Platform funds under administration reached $24.3bn, up 6% quarter-on-quarter, in what the broker described as a comfortable beat to its estimates.

The result, explains Canaccord Genuity, was driven by an improved net flows performance and favourable market movements. The broker expects price increases should see further earnings momentum in the June quarter.

The Buy rating is retained and the target price increases to 86 cents from 81 cents.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 3.30 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.00 cents.

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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PPS STOCK CHART

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