PERPETUAL LIMITED (PPT)
Share Price Analysis and Chart

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PPT - PERPETUAL LIMITED

Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 3.27
Index: ASX200 | ASX300 | ALL-ORDS

Perpetual is an Australian investment and trustee company providing investment products, superannuation financial advice and corporate services. The Perpetual Trustee Co was founded in 1886 and became a listed entity in 1964. Its core approach is based on 'value' investing.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$22.60

24 Jul
2024

-0.150

OPEN

$22.00

-0.66%

HIGH

$22.63

297,384

LOW

$21.90

TARGET
$25.05

-0.20 change from previous day

10.8% upside
Franking for last dividend paid out: 35%
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 . PPS . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
PPT: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 73.2 178.9 xxx
DPS (cps) xxx 155.0 134.0 xxx
EPS Growth xxx - 59.2% 100.0% xxx
DPS Growth xxx - 25.8% - 13.5% xxx
PE Ratio xxx N/A 12.4 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 211.7% 74.9% xxx

Dividend yield today if purchased 3 years ago: 4.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.97

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: 13/03 - ex-div 65c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx73.2
DPS All xxxxxxxxxxxxxxx155.0
Sales/Revenue xxxxxxxxxxxxxxx1,011.8 M
Book Value Per Share xxxxxxxxxxxxxxx2,171.3
Net Operating Cash Flow xxxxxxxxxxxxxxx134.8 M
Net Profit Margin xxxxxxxxxxxxxxx5.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx3.58 %
Return on Invested Capital xxxxxxxxxxxxxxx2.67 %
Return on Assets xxxxxxxxxxxxxxx2.07 %
Return on Equity xxxxxxxxxxxxxxx3.58 %
Return on Total Capital xxxxxxxxxxxxxxx7.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-22.2 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 xxxxxxxxxxxxxxx806 M
Total Debt xxxxxxxxxxxxxxx825 M
Goodwill - Gross xxxxxxxxxxxxxxx1,580 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx427 M
Price To Book Value xxxxxxxxxxxxxxx1.19

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx25.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx133 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx710 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx291 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

0.7

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

10/05/2024

1

Overweight

$24.40

7.96%

Uncertainty regarding the de-merger costs and the tax on gains for the Trust and Wealth sale results in a target price reduction for Perpetual by Morgan Stanley. 

The broker considers multiple scenarios for the sale of the Trust and Wealth businesses to KKR for gross cash proceeds of $2.175bn.

The combined Corporate Trust and Private Wealth businesses are estimated at 15x FY25 valuation or $1.28bn versus the previous forecast of $1.5bn.

Asset Management is valued at a forecast 9.5x FY25 price-to-earnings ratio or $1.45bn.

Morgan Stanley retains an Overweight rating and the target is lowered to $24.40 from $26.10. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 136.00 cents and EPS of 177.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 162.00 cents and EPS of 209.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

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

Jarden

11/07/2024

2

Overweight

$24.00

6.19%

Jarden assesses the higher-for-longer possibility for domestic interest rates on the wealth management sector.

The broker trims the EPS forecasts across most of the wealth and asset management coverage, accounting for higher domestic interest rates, strong 4Q24 global equity returns against weaker domestic returns and a higher Australian dollar.

Jarden adjusts the Perpetual EPS forecasts by -0.1% for FY24. No change to FY25 estimates.

Overweight rating and target revised to $24.00 from $24.55.

FORECAST
Jarden forecasts a full year FY24 dividend of 148.10 cents and EPS of 169.70 cents.
Jarden forecasts a full year FY25 dividend of 153.70 cents and EPS of 191.70 cents.

PPT STOCK CHART