Financials Platinum Investment Management Limited
Equities
PTM
AU000000PTM6
Investment Management & Fund Operators
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1.02 AUD | +0.49% | -2.86% | -23.31% |
Apr. 08 | Platinum Investment Management's Managed Funds Decline as of End-March | MT |
Mar. 18 | Platinum Investment Management Limited(ASX:PTM) dropped from FTSE All-World Index | CI |
Valuation
Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 2,829 | 2,169 | 2,845 | 1,008 | 999.5 | 575.8 | - | - |
Enterprise Value (EV) 1 | 2,716 | 2,023 | 2,709 | 835.8 | 816.7 | 415.7 | 416 | 419 |
P/E ratio | 17.9 x | 13.9 x | 17.5 x | 9.98 x | 12.4 x | 9.88 x | 11.2 x | 12 x |
Yield | 5.57% | 6.43% | 4.89% | 9.77% | 8.05% | 10.8% | 8.69% | 8.34% |
Capitalization / Revenue | 9.58 x | 7.61 x | 10.6 x | 3.99 x | 4.93 x | 3.28 x | 3.84 x | 3.96 x |
EV / Revenue | 9.2 x | 7.1 x | 10.1 x | 3.31 x | 4.03 x | 2.37 x | 2.77 x | 2.88 x |
EV / EBITDA | 12.4 x | 9.53 x | 11.4 x | 4.92 x | 7.77 x | 5.11 x | 6.17 x | 6.85 x |
EV / FCF | 16.5 x | 14.4 x | 19.3 x | 6.83 x | 9.84 x | 6.01 x | 7.98 x | 9.45 x |
FCF Yield | 6.07% | 6.94% | 5.19% | 14.6% | 10.2% | 16.6% | 12.5% | 10.6% |
Price to Book | 8.82 x | 6.91 x | 8.31 x | 3.08 x | 3.05 x | 1.85 x | 1.84 x | 1.85 x |
Nbr of stocks (in thousands) | 583,207 | 581,583 | 579,482 | 579,222 | 574,406 | 564,478 | - | - |
Reference price 2 | 4.850 | 3.730 | 4.910 | 1.740 | 1.740 | 1.020 | 1.020 | 1.020 |
Announcement Date | 8/20/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
Income Statement Evolution (Annual data)
Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 295.2 | 285 | 269.2 | 252.7 | 202.7 | 175.6 | 150.1 | 145.2 |
EBITDA 1 | 219.5 | 212.2 | 237.1 | 169.8 | 105.2 | 81.38 | 67.44 | 61.17 |
EBIT 1 | 218.8 | 208.4 | 233.9 | 146.9 | 116.9 | 78.48 | 63.92 | 58.54 |
Operating Margin | 74.11% | 73.14% | 86.86% | 58.13% | 57.67% | 44.7% | 42.59% | 40.31% |
Earnings before Tax (EBT) 1 | 222.9 | 220.8 | 234.2 | 146.7 | 116.8 | 91.63 | 74.75 | 69.83 |
Net income 1 | 157.7 | 155.6 | 163.3 | 101.5 | 80.85 | 59.59 | 53.28 | 50.26 |
Net margin | 53.4% | 54.6% | 60.64% | 40.17% | 39.89% | 33.94% | 35.51% | 34.61% |
EPS 2 | 0.2703 | 0.2676 | 0.2800 | 0.1743 | 0.1399 | 0.1032 | 0.0908 | 0.0849 |
Free Cash Flow 1 | 165 | 140.4 | 140.5 | 122.4 | 82.99 | 69.11 | 52.14 | 44.32 |
FCF margin | 55.88% | 49.28% | 52.17% | 48.46% | 40.95% | 39.37% | 34.74% | 30.52% |
FCF Conversion (EBITDA) | 75.14% | 66.17% | 59.25% | 72.1% | 78.92% | 84.92% | 77.32% | 72.45% |
FCF Conversion (Net income) | 104.64% | 90.24% | 86.04% | 120.64% | 102.65% | 115.98% | 97.85% | 88.18% |
Dividend per Share 2 | 0.2700 | 0.2400 | 0.2400 | 0.1700 | 0.1400 | 0.1102 | 0.0886 | 0.0851 |
Announcement Date | 8/20/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
Income Statement Evolution (Quarterly data)
Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 | 2026 S2 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales 1 | 153.6 | 140.1 | 130.9 | 138.3 | 133.6 | 119.1 | 99.26 | 103.4 | 83.6 | 75.16 | 73.2 | 71.77 | - |
EBITDA 1 | 106.8 | 105.4 | 95.55 | 106.4 | 92.12 | 77.69 | 52.61 | 52.55 | 34.8 | 32.8 | 34.3 | - | - |
EBIT 1 | 104.3 | 104.1 | 93.35 | 104.8 | 90.67 | 61.33 | 54.11 | 62.76 | 23.61 | 28.06 | 31.46 | 29.94 | - |
Operating Margin | 67.9% | 74.34% | 71.29% | 75.8% | 67.87% | 51.51% | 54.52% | 60.7% | 28.24% | 37.34% | 42.98% | 41.71% | - |
Earnings before Tax (EBT) 1 | 113 | 107.8 | 129.3 | 104.9 | 85.46 | 61.26 | 54.05 | 62.72 | 41.43 | 36.5 | 41.71 | 37.23 | 37.7 |
Net income 1 | 79.1 | 76.54 | 90.42 | 72.84 | 59.97 | 41.52 | 37.56 | 43.29 | 20.87 | 28.9 | 30 | 27.7 | - |
Net margin | 51.5% | 54.64% | 69.06% | 52.67% | 44.88% | 34.88% | 37.84% | 41.87% | 24.97% | 38.45% | 40.98% | 38.59% | - |
EPS 2 | 0.1360 | 0.1316 | 0.1550 | 0.1250 | 0.1036 | 0.0717 | 0.0643 | 0.0756 | 0.0331 | 0.0403 | 0.0464 | 0.0419 | 0.0444 |
Dividend per Share 2 | 0.1300 | 0.1100 | 0.1200 | 0.1200 | 0.1000 | 0.0700 | 0.0700 | 0.0700 | 0.0500 | 0.0450 | 0.0400 | 0.0500 | - |
Announcement Date | 2/21/20 | 8/26/20 | 2/23/21 | 8/25/21 | 2/23/22 | 8/24/22 | 2/22/23 | 8/23/23 | - | - | - | - | - |
Balance Sheet Analysis
Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | - | - | - | - | - | - | - | - |
Net Cash position 1 | 113 | 146 | 136 | 172 | 183 | 160 | 160 | 157 |
Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
Free Cash Flow 1 | 165 | 140 | 140 | 122 | 83 | 69.1 | 52.1 | 44.3 |
ROE (net income / shareholders' equity) | 48% | 48.6% | 49.4% | 30.5% | 24.8% | 18.9% | 16.5% | 15% |
ROA (Net income/ Total Assets) | 39.9% | 44.5% | 44.3% | 27.7% | 23.1% | 18.7% | 15.3% | 13.5% |
Assets 1 | 394.7 | 349.7 | 368.8 | 366 | 350.3 | 318 | 348 | 371.2 |
Book Value Per Share 2 | 0.5500 | 0.5400 | 0.5900 | 0.5600 | 0.5700 | 0.5500 | 0.5500 | 0.5500 |
Cash Flow per Share 2 | 0.2900 | 0.2500 | 0.2400 | 0.2100 | 0.1400 | 0.1300 | 0.0900 | 0.0900 |
Capex 1 | 1.37 | 2.26 | 0.04 | 0.22 | 0.36 | 1.17 | 1.46 | 1.61 |
Capex / Sales | 0.46% | 0.79% | 0.02% | 0.09% | 0.18% | 0.67% | 0.97% | 1.11% |
Announcement Date | 8/20/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-23.31% | 382M | |
+6.61% | 8.9B | |
-26.92% | 3.47B | |
+9.34% | 3.36B | |
+34.90% | 2.82B | |
+14.82% | 2.56B | |
+39.87% | 2.13B | |
+33.57% | 1.72B | |
+30.75% | 1.74B | |
+4.85% | 1.39B |
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