Financials Platinum Investment Management Limited
Equities
PTM
AU000000PTM6
Investment Management & Fund Operators
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1.07 AUD | -5.31% | +0.47% | -19.55% |
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 | 604 | - | - |
Enterprise Value (EV) 1 | 2,716 | 2,023 | 2,709 | 835.8 | 816.7 | 443.5 | 442.6 | 442.6 |
P/E ratio | 17.9 x | 13.9 x | 17.5 x | 9.98 x | 12.4 x | 10.3 x | 11.6 x | 12.5 x |
Yield | 5.57% | 6.43% | 4.89% | 9.77% | 8.05% | 10.1% | 8.37% | 8.13% |
Capitalization / Revenue | 9.58 x | 7.61 x | 10.6 x | 3.99 x | 4.93 x | 3.43 x | 3.98 x | 4.07 x |
EV / Revenue | 9.2 x | 7.1 x | 10.1 x | 3.31 x | 4.03 x | 2.52 x | 2.92 x | 2.98 x |
EV / EBITDA | 12.4 x | 9.53 x | 11.4 x | 4.92 x | 7.77 x | 5.42 x | 6.42 x | 7.07 x |
EV / FCF | 16.5 x | 14.4 x | 19.3 x | 6.83 x | 9.84 x | 6.39 x | 8.33 x | 9.52 x |
FCF Yield | 6.07% | 6.94% | 5.19% | 14.6% | 10.2% | 15.7% | 12% | 10.5% |
Price to Book | 8.82 x | 6.91 x | 8.31 x | 3.08 x | 3.05 x | 1.94 x | 1.93 x | 1.93 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 | 1.070 | 1.070 | 1.070 |
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 | 176.1 | 151.8 | 148.4 |
EBITDA 1 | 219.5 | 212.2 | 237.1 | 169.8 | 105.2 | 81.88 | 68.9 | 62.57 |
EBIT 1 | 218.8 | 208.4 | 233.9 | 146.9 | 116.9 | 78.96 | 65.6 | 60.45 |
Operating Margin | 74.11% | 73.14% | 86.86% | 58.13% | 57.67% | 44.83% | 43.22% | 40.73% |
Earnings before Tax (EBT) 1 | 222.9 | 220.8 | 234.2 | 146.7 | 116.8 | 93.26 | 76.14 | 71.81 |
Net income 1 | 157.7 | 155.6 | 163.3 | 101.5 | 80.85 | 59.88 | 54.22 | 51 |
Net margin | 53.4% | 54.6% | 60.64% | 40.17% | 39.89% | 34% | 35.73% | 34.36% |
EPS 2 | 0.2703 | 0.2676 | 0.2800 | 0.1743 | 0.1399 | 0.1036 | 0.0923 | 0.0859 |
Free Cash Flow 1 | 165 | 140.4 | 140.5 | 122.4 | 82.99 | 69.44 | 53.14 | 46.47 |
FCF margin | 55.88% | 49.28% | 52.17% | 48.46% | 40.95% | 39.43% | 35.01% | 31.31% |
FCF Conversion (EBITDA) | 75.14% | 66.17% | 59.25% | 72.1% | 78.92% | 84.81% | 77.12% | 74.27% |
FCF Conversion (Net income) | 104.64% | 90.24% | 86.04% | 120.64% | 102.65% | 115.96% | 98% | 91.13% |
Dividend per Share 2 | 0.2700 | 0.2400 | 0.2400 | 0.1700 | 0.1400 | 0.1080 | 0.0896 | 0.0870 |
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 | 84.27 | 77.16 | 75.2 | 73.72 | - |
EBITDA 1 | 106.8 | 105.4 | 95.55 | 106.4 | 92.12 | 77.69 | 52.61 | 52.55 | 36.8 | 36.8 | 38.2 | - | - |
EBIT 1 | 104.3 | 104.1 | 93.35 | 104.8 | 90.67 | 61.33 | 54.11 | 62.76 | 24.66 | 30.06 | 33.41 | 31.89 | - |
Operating Margin | 67.9% | 74.34% | 71.29% | 75.8% | 67.87% | 51.51% | 54.52% | 60.7% | 29.27% | 38.96% | 44.43% | 43.25% | - |
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 | 21.34 | 31.6 | 32.9 | 30.5 | - |
Net margin | 51.5% | 54.64% | 69.06% | 52.67% | 44.88% | 34.88% | 37.84% | 41.87% | 25.32% | 40.95% | 43.75% | 41.37% | - |
EPS 2 | 0.1360 | 0.1316 | 0.1550 | 0.1250 | 0.1036 | 0.0717 | 0.0643 | 0.0756 | 0.0337 | 0.0420 | 0.0480 | 0.0400 | - |
Dividend per Share 2 | 0.1300 | 0.1100 | 0.1200 | 0.1200 | 0.1000 | 0.0700 | 0.0700 | 0.0700 | 0.0400 | 0.0450 | 0.0500 | 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 | 161 | 161 |
Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
Free Cash Flow 1 | 165 | 140 | 140 | 122 | 83 | 69.4 | 53.1 | 46.5 |
ROE (net income / shareholders' equity) | 48% | 48.6% | 49.4% | 30.5% | 24.8% | 19% | 16.8% | 15.6% |
ROA (Net income/ Total Assets) | 39.9% | 44.5% | 44.3% | 27.7% | 23.1% | 18.9% | 16% | 16.7% |
Assets 1 | 394.7 | 349.7 | 368.8 | 366 | 350.3 | 316.5 | 339.6 | 306.3 |
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 | 0.1000 | 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% | 0.66% | 0.96% | 1.08% |
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. | |
---|---|---|
-19.55% | 394M | |
+4.75% | 8.74B | |
+13.83% | 3.48B | |
-36.31% | 2.96B | |
+13.29% | 2.52B | |
+14.51% | 2.39B | |
+42.63% | 2.17B | |
+9.13% | 1.42B | |
+17.41% | 1.49B | |
+12.44% | 1.49B |
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