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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Platinum Investment Management Limited    PTM   AU000000PTM6

PLATINUM INVESTMENT MANAGEMENT LIMITED

(PTM)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/21
4.15 AUD   +0.73%
01/08Platinum Asset Management Discloses End-2020 Funds Under Management
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01/08PLATINUM INVESTMENT MANAGEMENT : Funds Under Management
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2020PLATINUM INVESTMENT MANAGEMENT : Funds Under Management
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Platinum Investment Management : 2020 AGM Presentation Slides

11/19/2020 | 10:25pm EST

Platinum Asset Management Limited

Annual General Meeting 20 November 2020

Platinum Asset Management Limited ABN 13 050 064 287

Financial results

30 June 2020

  • Overall revenues flat and profit after tax down 2% on prior year.
  • Performance fees of $9.1m, primarily from Asia ex-Japan and Healthcare strategies.
  • Other income up by $9.6m to $13.7m, due to mark to market gains on seed investments.
  • Management fee revenue down 6.5%, in line with the reduction in average FuM.
  • Closing 30 June 2020 FuM of $21.4b, down 14% on prior year, driven primarily by net fund outflows of $3b.

2

Source: Platinum Investment Management Limited. Figures are subject to rounding.

Financial Results (continued)

FuM

Closing FuM

(A$b)

25.7

24.8

21.4

2018

2019

2020

Strong profit margins

Profit Margin

(%)

76%74%74%

2018 2019 2020

Revenue

Fee Revenue

(A$m)

328.7 295.2 285.0

2018 2019 2020

High dividend payout and yield

Dividends payout ratio

(%)

97

99

90

2018 2019 2020

3 Source: Platinum Investment Management Limited. Figures are subject to rounding.

Dividends

  • PTM declared a final dividend for FY2020 of 11cps.
  • Total dividend for FY2020 of 24cps, resulting in a dividend yield of 6.4% based on 30 June 2020 closing share price.
  • It is the Board's intention to distribute future profits by way of dividends, subject to any capital requirements of the Company.

4

Source: Platinum Investment Management Limited. Figures are subject to rounding.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Platinum Asset Management Limited published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 03:24:01 UTC


© Publicnow 2020
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Financials
Sales 2021 262 M 202 M 202 M
Net income 2021 134 M 103 M 103 M
Net cash 2021 123 M 94,9 M 94,9 M
P/E ratio 2021 18,0x
Yield 2021 5,32%
Capitalization 2 407 M 1 869 M 1 857 M
EV / Sales 2021 8,71x
EV / Sales 2022 8,82x
Nbr of Employees -
Free-Float 48,4%
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 3,57 AUD
Last Close Price 4,15 AUD
Spread / Highest target 3,61%
Spread / Average Target -13,9%
Spread / Lowest Target -34,9%
EPS Revisions
Managers and Directors
NameTitle
Andrew Mcrae Clifford CEO, Executive Director & Chief Investment Officer
Robert Sidoti Operations Manager
Andrew Stannard Chief Financial Officer & Executive Director
Andy Kirwan Technology Head
Kerr William Stephen Neilson Non-Executive Director
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