PLATINUM ASSET MANAGEMENT LIMITED (PTM)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

PTM - PLATINUM ASSET MANAGEMENT LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.16
Index: ASX300 | ALL-ORDS

Platinum Asset Management is an Australian fund manager focussing on international equity investments. It has been listed since 2007. Founder Kerr Neilson, sometimes referred to as the Australian Warren Buffett, officially left the business in August 2020.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.64

20 Dec
2024

-0.010

OPEN

$0.65

-1.54%

HIGH

$0.67

4,255,839

LOW

$0.64

TARGET
$0.69 7.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PTM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.0 6.2 xxx
DPS (cps) xxx 10.0 7.0 xxx
EPS Growth xxx - 43.6% - 22.6% xxx
DPS Growth xxx - 28.6% - 30.0% xxx
PE Ratio xxx N/A 10.4 xxx
Dividend Yield xxx N/A 10.9% xxx
Div Pay Ratio(%) xxx 125.8% 113.8% xxx

Dividend yield today if purchased 3 years ago: 3.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 15.63

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: 12/12 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx185.6 M
Book Value Per Share xxxxxxxxxxxxxxx56.1
Net Operating Cash Flow xxxxxxxxxxxxxxx79.7 M
Net Profit Margin xxxxxxxxxxxxxxx24.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.01 %
Return on Invested Capital xxxxxxxxxxxxxxx13.76 %
Return on Assets xxxxxxxxxxxxxxx12.81 %
Return on Equity xxxxxxxxxxxxxxx14.01 %
Return on Total Capital xxxxxxxxxxxxxxx22.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4.3 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxxxxx12 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx250 M
Price To Book Value xxxxxxxxxxxxxxx1.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx9 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx102 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx33 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

-1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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

Bell Potter

09/12/2024

5

Downgrade to Sell from Hold

$0.74

15.63%

Bell Potter lowers its target for Platinum Asset Management to 74c from $1.21 and downgrades the rating to Sell from Hold following a challenging November for fund flows, even excluding the loss of an institutional mandate.

Funds under management (FUM) fell by -10% during the month, with outflows equating to -6.9% of opening FUM, including the -$571m institutional mandate loss.

Given the recent direction of net flows (-10% over the past two months), the broker expresses uncertainty over the viability of Regal Partners' ((RPL)) $1.30/share acquisition offer for Platinum Asset Management.

The latter has been proven apposite as Regal has now abandoned its interest.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 7.00 cents and EPS of 5.30 cents.
Bell Potter forecasts a full year FY26 dividend of 5.00 cents and EPS of 4.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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

Jarden

14/10/2024

3

Neutral

$0.92

43.75%

Jarden does not expect a material recovery for flows in the next 12 months for Platinum Asset Management given the performance of the International Fund deteriorated slightly in September.

More positively, Platinum's turnaround strategy is showing good early signs, according to the broker, with product rationalisation now largely complete ahead of the December target, and better-than-expected expense savings.

Neutral. The target slips to 92c from 94c.

FORECAST
Jarden forecasts a full year FY25 dividend of 7.50 cents and EPS of 7.80 cents.
Jarden forecasts a full year FY26 dividend of 7.10 cents and EPS of 7.40 cents.
Access Extra Coverage Research History >

PTM STOCK CHART

FNArena News on PTM

1
Weekly Ratings, Targets, Forecast Changes – 13-12-24

Dec 16 2024 - Weekly Reports
2
Next Week At A Glance -16-20 Dec 2024

Dec 13 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Dec 10, 2024

Dec 10 2024 - Daily Market Reports
4
In Brief: Superloop, Qantas, Jumbo, Qualitas & GQG

Nov 29 2024 - Weekly Reports
5
Next Week At A Glance – 25-29 Nov 2024

Nov 22 2024 - Weekly Reports

Latest Wealth Management & Investments News

1
Monthly Listed Investment Trust Report – Dec 2024

Dec 18 2024 - Australia
2
Weekly Update On LICs & LITs – 17-Dec-2024

Dec 17 2024 - Weekly Reports
3
GQG Partners Shrugs Off Adani

Dec 13 2024 - Small Caps
4
Generation Development, The Next Hub24?

Dec 12 2024 - Small Caps
5
Weekly Update On LICs & LITs – 10-Dec-2024

Dec 10 2024 - Weekly Reports
6
Weekly Update On LICs & LITs – 03-Dec-2024

Dec 03 2024 - Weekly Reports
7
Weekly Update On LICs & LITs – 26-Nov-2024

Nov 26 2024 - Weekly Reports
8
Weekly Update On LICs & LITs – 19-Nov-2024

Nov 19 2024 - Weekly Reports
9
Weekly Update On LICs & LITs – 12-Nov-2024

Nov 12 2024 - Weekly Reports
10
Australian Listed Investment Company Report – Nov 2024

Nov 11 2024 - Australia