Recent Insider Transactions • Jun 02
Board Member recently bought AU$104k worth of stock On the 1st of June, Thomas Reardon bought around 175k shares on-market at roughly AU$0.59 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$254k more in shares than they have sold in the last 12 months. Announcement • Feb 28
Peoplein Limited (ASX:PPE) completed the acquisition of Infrawork Holdings Limited. Peoplein Limited (ASX:PPE) entered into an agreement to acquire Infrawork Holdings Limited for NZD 56 million on February 19, 2026. The transaction is comprised of an upfront cash consideration of NZD 24 million, with an additional contingent consideration of up to NZD 32 million payable over three years, subject to performance-based earn-out targets. The transaction includes Extrastaff Recruitment Ltd and Visahub.
The transaction has been approved by the board of directors of Peoplein Limited. Completion of the transaction remains subject to conditions and are expected to occur during the financial year ending 30 June 2026.
The transaction was led by AK Christie & Co, with advisory services provided by Russell McVeagh and BDO.
Peoplein Limited (ASX:PPE) completed the acquisition of Infrawork Holdings Limited on February 27, 2026. Price Target Changed • Feb 26
Price target decreased by 9.6% to AU$1.04 Down from AU$1.15, the current price target is an average from 3 analysts. New target price is 56% above last closing price of AU$0.67. Stock is down 30% over the past year. The company posted a net loss per share of AU$0.12 last year. Reported Earnings • Feb 25
First half 2026 earnings released: AU$0.01 loss per share (vs AU$0.083 loss in 1H 2025) First half 2026 results: AU$0.01 loss per share (improved from AU$0.083 loss in 1H 2025). Revenue: AU$394.0m (down 8.2% from 1H 2025). Net loss: AU$1.06m (loss narrowed 88% from 1H 2025). Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Professional Services industry in Australia are expected to grow by 4.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Feb 10
Peoplein Limited to Report First Half, 2026 Results on Feb 20, 2026 Peoplein Limited announced that they will report first half, 2026 results on Feb 20, 2026 Announcement • Nov 27
An undisclosed buyer agreed to acquire 79.30% stake in Techforce Personnel Pty Limited from Peoplein Limited (ASX:PPE) for AUD 23.5 million. An undisclosed buyer agreed to acquire 79.30% stake in Techforce Personnel Pty Limited from Peoplein Limited (ASX:PPE) for AUD 23.5 million on November 27, 2025. A cash consideration of AUD 23.5 million will be paid by the buyer. As part of consideration, AUD 23.5 million is paid towards common equity of Techforce Personnel Pty Limited.
The transaction is subject to third party approval needed. The expected completion of the transaction is December 11, 2025 to December 20, 2025. Price Target Changed • Nov 16
Price target increased by 12% to AU$1.16 Up from AU$1.04, the current price target is an average from 3 analysts. New target price is 37% above last closing price of AU$0.84. Stock is up 4.3% over the past year. The company is forecast to post earnings per share of AU$0.06 next year compared to a net loss per share of AU$0.12 last year. Announcement • Oct 02
Peoplein Limited, Annual General Meeting, Nov 27, 2025 Peoplein Limited, Annual General Meeting, Nov 27, 2025. Location: talbot sayer, level 1, 175 eagle street, brisbane qld 4000, Australia Reported Earnings • Aug 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: AU$0.12 loss per share (down from AU$0.045 profit in FY 2024). Revenue: AU$1.10b (down 6.5% from FY 2024). Net loss: AU$12.8m (down 373% from profit in FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Aug 25
Peoplein Limited (ASX:PPE) announces an Equity Buyback for 10,869,770 shares, representing 10% for AUD 6 million. Peoplein Limited (ASX:PPE) announces a share repurchase program. Under the program, the company will repurchase up to 10,869,770 shares, representing 10% for AUD 6 million. The purpose of the program is to increase shareholder value. The program will be funded from existing cash reserves. The plan will be valid till September 8, 2026. As on August 25, 2025, the company has 108,697,709 shares in issue. Announcement • Aug 12
Peoplein Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Peoplein Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Recent Insider Transactions • Jun 17
Executive Director & Divisional CEO recently bought AU$99k worth of stock On the 11th of June, Thomas Reardon bought around 160k shares on-market at roughly AU$0.62 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$2.0m more in shares than they bought in the last 12 months. Reported Earnings • Feb 26
First half 2025 earnings released: AU$0.038 loss per share (vs AU$0.052 profit in 1H 2024) First half 2025 results: AU$0.038 loss per share (down from AU$0.052 profit in 1H 2024). Revenue: AU$572.6m (down 5.0% from 1H 2024). Net loss: AU$3.93m (down 174% from profit in 1H 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 25
Price target increased by 23% to AU$1.19 Up from AU$0.97, the current price target is an average from 3 analysts. New target price is 28% above last closing price of AU$0.93. Stock is down 18% over the past year. The company is forecast to post earnings per share of AU$0.054 for next year compared to AU$0.045 last year. Announcement • Feb 11
Peoplein Limited to Report First Half, 2025 Results on Feb 24, 2025 Peoplein Limited announced that they will report first half, 2025 results on Feb 24, 2025 Recent Insider Transactions • Dec 02
Independent Non-Executive Chairman recently bought AU$237k worth of stock On the 27th of November, Glen Richards bought around 300k shares on-market at roughly AU$0.79 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Glen has been a buyer over the last 12 months, purchasing a net total of AU$711k worth in shares. Major Estimate Revision • Nov 30
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$1.19b to AU$1.17b. EPS estimate also fell from AU$0.055 per share to AU$0.048 per share. Net income forecast to grow 6.9% next year vs 32% growth forecast for Professional Services industry in Australia. Consensus price target down from AU$1.02 to AU$0.97. Share price rose 12% to AU$0.91 over the past week. Recent Insider Transactions • Sep 24
Independent Non-Executive Chairman recently bought AU$107k worth of stock On the 23rd of September, Glen Richards bought around 150k shares on-market at roughly AU$0.71 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Glen has been a buyer over the last 12 months, purchasing a net total of AU$473k worth in shares. New Risk • Sep 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$76.2m market cap, or US$50.7m). Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 68% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$1.25b to AU$1.22b. EPS estimate also fell from AU$0.123 per share to AU$0.04 per share. Net income forecast to shrink 8.4% next year vs 31% growth forecast for Professional Services industry in Australia . Consensus price target down from AU$1.11 to AU$0.95. Share price rose 6.3% to AU$0.76 over the past week. Reported Earnings • Aug 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: AU$0.045 (down from AU$0.19 in FY 2023). Revenue: AU$1.18b (flat on FY 2023). Net income: AU$4.67m (down 75% from FY 2023). Profit margin: 0.4% (down from 1.6% in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Price Target Changed • Aug 28
Price target decreased by 19% to AU$0.95 Down from AU$1.17, the current price target is an average from 3 analysts. New target price is 26% above last closing price of AU$0.75. Stock is down 64% over the past year. The company is forecast to post earnings per share of AU$0.068 for next year compared to AU$0.19 last year. Announcement • Aug 27
Peoplein Limited, Annual General Meeting, Nov 25, 2024 Peoplein Limited, Annual General Meeting, Nov 25, 2024. Announcement • Aug 13
Peoplein Limited to Report Fiscal Year 2024 Results on Aug 27, 2024 Peoplein Limited announced that they will report fiscal year 2024 results on Aug 27, 2024 Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.078 to AU$0.068 per share. Revenue forecast steady at AU$1.20b. Net income forecast to shrink 18% next year vs 25% growth forecast for Professional Services industry in Australia . Consensus price target down from AU$1.17 to AU$1.11. Share price fell 5.7% to AU$0.91 over the past week. Recent Insider Transactions • Jun 23
Non-Executive Director recently bought AU$79k worth of stock On the 19th of June, Anthony Peake bought around 100k shares on-market at roughly AU$0.79 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$1.3m more in shares than they have sold in the last 12 months. Price Target Changed • May 01
Price target decreased by 12% to AU$1.22 Down from AU$1.38, the current price target is an average from 3 analysts. New target price is 32% above last closing price of AU$0.93. Stock is down 70% over the past year. The company is forecast to post earnings per share of AU$0.078 for next year compared to AU$0.19 last year. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.101 to AU$0.078. Revenue forecast unchanged from AU$1.21b at last update. Net income forecast to shrink 3.9% next year vs 22% growth forecast for Professional Services industry in Australia . Consensus price target of AU$1.22 unchanged from last update. Share price fell 4.0% to AU$0.97 over the past week. Major Estimate Revision • Mar 30
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.085 to AU$0.101. Revenue forecast steady at AU$1.20b. Net income forecast to grow 9.7% next year vs 23% growth forecast for Professional Services industry in Australia. Consensus price target broadly unchanged at AU$1.38. Share price rose 4.8% to AU$1.10 over the past week. Announcement • Mar 28
Peoplein Limited Announces Resignation of Elizabeth Savage as A Non-Executive Director, Effective 31 May 2024 PeopleIn Limited announced that Elizabeth Savage has resigned as a Non-Executive Director to be effective 31 May 2024. Buy Or Sell Opportunity • Mar 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to AU$1.05. The fair value is estimated to be AU$1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$1.17b to AU$1.20b. EPS estimate fell from AU$0.105 to AU$0.085 per share. Net income forecast to grow 4.0% next year vs 24% growth forecast for Professional Services industry in Australia. Consensus price target down from AU$1.74 to AU$1.38. Share price fell 12% to AU$1.09 over the past week. Buy Or Sell Opportunity • Feb 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to AU$1.05. The fair value is estimated to be AU$1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Declared Dividend • Feb 28
First half dividend of AU$0.03 announced Shareholders will receive a dividend of AU$0.03. Ex-date: 4th March 2024 Payment date: 4th April 2024 Dividend yield will be 9.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 8.0% to bring the payout ratio under control. EPS is expected to grow by 84% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.052 (vs AU$0.14 in 1H 2023) First half 2024 results: EPS: AU$0.052 (down from AU$0.14 in 1H 2023). Revenue: AU$602.7m (up 1.0% from 1H 2023). Net income: AU$5.32m (down 61% from 1H 2023). Profit margin: 0.9% (down from 2.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Feb 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 65% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (65% net debt to equity). Dividend is not well covered by earnings (136% payout ratio). Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (AU$117.2m market cap, or US$76.8m). Announcement • Feb 16
Peoplein Limited to Report First Half, 2024 Results on Feb 26, 2024 Peoplein Limited announced that they will report first half, 2024 results on Feb 26, 2024 Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to AU$1.25, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Professional Services industry in Australia. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.16 per share. Recent Insider Transactions • Dec 17
Independent Non-Executive Chairman recently bought AU$366k worth of stock On the 12th of December, Glen Richards bought around 384k shares on-market at roughly AU$0.95 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Glen has been a buyer over the last 12 months, purchasing a net total of AU$865k worth in shares. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AU$1.18, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Professional Services industry in Australia. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.24 per share. Announcement • Nov 29
Peoplein Limited Appoints Elisabeth Mannes as A Non-Executive Director PeopleIn Limited announced the appointment of Elisabeth (Lis) Mannes to the PeopleIN board as a Non-Executive Director to be effective upon the conclusion of the Annual General Meeting to be held today. Lis brings over three decades of international experience, spanning FMCG and Industrial companies in Australasia and Europe, making her a valuable addition to the company's team. Lis' career trajectory is marked by significant achievements in business strategy, customer and operational excellence, and risk management. As the recent Executive General Manager of CHEP Australia Limited, part of Brambles Limited, and through her senior executive roles at Pact Group Holdings and George Weston Foods, Lis has demonstrated her ability to navigate complex and evolving customer landscapes -- skills that are integral to PeopleIN's continued success. Currently, Lis also serves as a Non-Executive Director of Quickstep Holdings Limited, where she chairs the Remuneration, Nomination & Diversity Committee and is a member of the Audit Committee. Lis holds a BSc (Hons) in Mechanical Engineering from Birmingham University, an MBA from Warwick University, and is a Chartered Engineer (CEng) and a Fellow of the UK Institution of Mechanical Engineers (FIMechE). She is also a graduate of the Australian Institute of Company Directors and was a founding board member of the National Association of Women in Operations (NAWO). Lis' appointment to the PeopleIN board is not just a testament to her impressive career but also aligns perfectly with PeopleIN's goals and values. Lis joins PeopleIN at a crucial juncture and her insights, experience, and leadership will not only bring a complementary perspective to the board but help guide the company toward further innovative strategies and sustainable growth. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.224 to AU$0.19 per share. Revenue forecast steady at AU$1.19b. Net income forecast to shrink 1.8% next year vs 20% growth forecast for Professional Services industry in Australia . Consensus price target down from AU$2.68 to AU$2.44. Share price fell 5.9% to AU$1.36 over the past week. Announcement • Nov 02
Peoplein Limited Announces Chief Financial Officer Changes Peoplein Limited announced the appointment of Adam Leake as its new Chief Financial Officer, effective 13 November 2023. Adam will be succeeding outgoing CFO Megan Just. Megan will continue to be engaged by PeopleIN on a consultancy basis. Adam's extensive experience includes executive roles at leading public, ASX, and PE-led organizations spanning financial services, fitness, retail, and digital media. Adam has a track record of exceptional leadership across all areas of corporate services, strategy development, risk, governance, and business performance improvement. Most recently Adam served as the Director, Chief Financial Officer, and Company Secretary of Nucleus Network Group, which saw him lead a team of more thann600 medical and professional staff in both Australia and the USA. Under his leadership, the company saw a significant increase in EBITDA and market value. Prior to that Adam was Director, Chief Financial Officer, and Company Secretary of Fitness and Lifestyle Group. There he played a pivotal role in the strategic acquisition of eight large fitness groups across six countries, transforming the group's operations, revenue and global presence. At PeopleIN, Adam's focus will be on ensuring a seamless approach to financial operations, driving innovation and strategic growth. New Risk • Oct 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$156.2m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.6% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (AU$156.2m market cap, or US$99.2m). Announcement • Oct 05
Peoplein Limited, Annual General Meeting, Nov 27, 2023 Peoplein Limited, Annual General Meeting, Nov 27, 2023, at 11:01 E. Australia Standard Time. Location: Talbot Sayer, Level 27, Riverside Centre, 123 Eagle Street Brisbane Queensland Australia Recent Insider Transactions • Sep 01
Non-Executive Director recently bought AU$61k worth of stock On the 29th of August, Vu Tran bought around 30k shares on-market at roughly AU$2.02 per share. This transaction increased Vu's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$499k. Insiders have collectively bought AU$618k more in shares than they have sold in the last 12 months. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$1.29b to AU$1.24b. EPS estimate also fell from AU$0.328 per share to AU$0.239 per share. Net income forecast to grow 22% next year vs 39% growth forecast for Professional Services industry in Australia. Consensus price target down from AU$3.97 to AU$3.08. Share price fell 11% to AU$2.05 over the past week. Price Target Changed • Aug 28
Price target decreased by 19% to AU$3.23 Down from AU$3.97, the current price target is an average from 5 analysts. New target price is 55% above last closing price of AU$2.08. Stock is down 42% over the past year. The company is forecast to post earnings per share of AU$0.27 for next year compared to AU$0.19 last year. Reported Earnings • Aug 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: AU$0.19 (up from AU$0.19 in FY 2022). Revenue: AU$1.19b (up 74% from FY 2022). Net income: AU$18.9m (up 7.2% from FY 2022). Profit margin: 1.6% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • Aug 25
Peoplein Limited Announces Dividend for Period of Six Months June 30, 2023, Payment Date Is September 29, 2023 Peoplein Limited announced dividend of AUD 0.07000000 per share for period of six months June 30, 2023. Ex Date is August 31, 2023. Record Date is September 1, 2023. Payment Date is September 29, 2023. Announcement • Aug 21
Peoplein Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 Peoplein Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 Recent Insider Transactions • Jul 04
Independent Non-Executive Chairman recently bought AU$499k worth of stock On the 28th of June, Glen Richards bought around 220k shares on-market at roughly AU$2.27 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Glen's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$2.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Professional Services industry in Australia. Total returns to shareholders of 35% over the past three years. Announcement • Jun 19
Peoplein Limited Announces to Step Back of Declan Sherman from Board PeopleIn Limited announced that PeopleIN co-founder, Declan Sherman, will further step back from the business following the Annual General Meeting in November to pursue other commercial ventures. Declan, in partnership with Tom Reardon, founded PeopleIN in 2016 and has over the past 8 years grown it to be one of the leading talent solutions providers in Australia. Over the past 18 months Declan has supported the successful transition of new CEO, Ross Thompson, as well as provided strategic support to the executive team. The Board is currently conducting a search for a Non-Executive Director to replace Declan in the coming months. Price Target Changed • Jun 06
Price target decreased by 12% to AU$3.97 Down from AU$4.51, the current price target is an average from 5 analysts. New target price is 53% above last closing price of AU$2.60. Stock is down 21% over the past year. The company is forecast to post earnings per share of AU$0.28 for next year compared to AU$0.19 last year. Major Estimate Revision • Feb 23
Consensus revenue estimates increase by 21%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from AU$1.01b to AU$1.22b. EPS estimate fell from AU$0.309 to AU$0.299. Net income forecast to grow 17% next year vs 20% growth forecast for Professional Services industry in Australia. Consensus price target down from AU$4.56 to AU$4.43. Share price was steady at AU$3.25 over the past week. Reported Earnings • Feb 18
First half 2023 earnings released: EPS: AU$0.14 (vs AU$0.045 in 1H 2022) First half 2023 results: EPS: AU$0.14 (up from AU$0.045 in 1H 2022). Revenue: AU$597.3m (up 89% from 1H 2022). Net income: AU$13.8m (up 223% from 1H 2022). Profit margin: 2.3% (up from 1.3% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Peoplein Limited Announces Dividend for the Six Months Ended December 31, 2022, Payable March 24, 2023 Peoplein Limited declared dividend of AUD 0.07000000 for the six months ended December 31, 2022. Record Date is February 27, 2023, Ex-Date is February 24, 2023 and Payment Date is March 24, 2023. Announcement • Feb 13
Peoplein Limited to Report First Half, 2023 Results on Feb 17, 2023 Peoplein Limited announced that they will report first half, 2023 results on Feb 17, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Glen Richards was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 19
Non-Executive Director recently bought AU$58k worth of stock On the 13th of October, Vu Tran bought around 20k shares on-market at roughly AU$2.92 per share. This transaction increased Vu's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$5.9m more in shares than they bought in the last 12 months. Announcement • Sep 20
Peoplein Limited, Annual General Meeting, Nov 14, 2022 Peoplein Limited, Annual General Meeting, Nov 14, 2022, at 11:00 E. Australia Standard Time. Location: at the offices of Talbot Sayer, Level 27, Riverside Centre, 123 Eagle Street, Brisbane Queensland Australia Announcement • Aug 26
Peoplein Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on 30 September, 2022 Peoplein Limited announced dividend for the six months ended June 30, 2022. For the six months, the company announced AUD 0.06500000 with Record Date of 2 September, 2022; Ex Date to be 1 September, 2022 and Payment Date to be 30 September, 2022. Reported Earnings • Aug 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: AU$0.19. Revenue: AU$682.4m (up 54% from FY 2021). Net income: AU$17.7m (flat on FY 2021). Profit margin: 2.6% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 43%, compared to a 107% growth forecast for the Professional Services industry in Australia. Announcement • Aug 22
Peoplein Limited to Report Fiscal Year 2022 Results on Aug 26, 2022 Peoplein Limited announced that they will report fiscal year 2022 results on Aug 26, 2022 Board Change • Jul 06
Less than half of directors are independent Following Non-Executive Director Vu Tran's arrival on 01 July 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Glen Richards was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Peoplein Limited Welcomes Vu Tran, to Its Board, Effective 1 July, 2022 Peoplein Limited announced the appointment of Vu Tran to the PeopleIN Board effective 1 July 2022. Vu will join PeopleIN as a Non-Executive Director, bringing a wealth of highly complementary experience and entrepreneurial thought leadership to the PeopleIN Group. A medical professional and tech entrepreneur, Vu is the co-founder of Go1 - a venture capital-backed, e-learning company, recently valued at $2 billion. With approximately 5 million users worldwide, single online learning solution for organizations and individuals using the world's most comprehensive online library of learning resources developed by leading learning providers. Vu's skillset in leveraging technology to develop innovative solutions at scale will be invaluable to PeopleIN as it solidifies itself as a leader in the provision of technology-enabled talent solutions. In addition to Go1, Vu is a practicing GP, with a Bachelor of Medicine/Bachelor of Surgery (MBBS) from Bond University, and a Fellowship with the Royal Australian College of General Practitioners (RACGP). Working as a doctor for over 10 years, Vu understands first-hand the demands of the healthcare sector and what community and aged care look like on the ground. His understanding of the evolving role technology plays in this space will complement PeopleIN's expanding service capability across these key growth sectors. As a member of the PeopleIN Board, Vu is keen to delve into the transformational role that PeopleIN plays in people's lives. The ability for candidates, as well as employees, within the PeopleIN Group to stay within the same company for the duration of their working life, while upskilling and moving between roles is, as Vu says, a degree of mobility rarely seen in the Australian market. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$2.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Professional Services industry in Australia. Total loss to shareholders of 5.6% over the past three years. Announcement • Jun 03
Peoplein Limited (ASX:PPE) entered into an agreement to acquire FIP Group Holdings Pty Ltd for upfront consideration of AUD 45 million. Peoplein Limited (ASX:PPE) entered into an agreement to acquire FIP Group Holdings Pty Ltd for upfront consideration of AUD 45 million on June 3, 2022. Peoplein will pay AUD 35 million in cash and AUD 10 million, through issuance of 3,058,104 ordinary shares at an issue price of AUD 3.27 per share, being the Volume Weighted Average Price for PeopleIN shares in the 10 consecutive trading days prior to Execution. The shares are subject to voluntary escrow for six months after Completion. A further AUD 25 million may be payable as deferred cash consideration over two tranches based on the business achieving agreed growth in EBITDA for FY23 and FY24. The consideration payable for FIP Group is on a cash free, debt free basis. The cash component of the acquisition will be debt funded from PeopleIN’s existing lender. Food Industry People Group CEO Brad Seagrott will join the PeopleIN executive leadership team and continue in his current role as CEO of Food Industry People Group. The transaction is subject to conditions and is expected to complete by mid June, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Glen Richards was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
Peoplein Limited (ASX:PPE) completed the acquisition of Perigon Group Pty Ltd. Peoplein Limited (ASX:PPE) agreed to acquire Perigon Group Pty Ltd for AUD 26.8 million on February 9, 2022. Of the consideration, AUD 16 million will be paid upfront and an earnout amount of AUD 10.8 million will be payable subject to Perigon's EBITDA achieved in 2022, 2023 and 2024. Perigon Group founder, Nigel Barcham, will join the PeopleIN executive committee and continue in his current role as Managing Director of Perigon Group. The transaction is expected to complete on 28 February 2022 and is subject to certain conditions being satisfied.
Peoplein Limited (ASX:PPE) completed the acquisition of Perigon Group Pty Ltd on February 28, 2022. Major Estimate Revision • Feb 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$614.1m to AU$676.8m. EPS estimate unchanged from AU$0.19 at last update. Professional Services industry in Australia expected to see average net income growth of 30% next year. Consensus price target down from AU$5.11 to AU$4.95. Share price was steady at AU$4.10 over the past week. Reported Earnings • Feb 21
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: AU$0.045 (down from AU$0.13 in 1H 2021). Revenue: AU$315.8m (up 57% from 1H 2021). Net income: AU$4.26m (down 63% from 1H 2021). Profit margin: 1.3% (down from 5.8% in 1H 2021). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 18%, compared to a 295% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 18
People Infrastructure Ltd Declares Dividend for the Six Months Ended December 31, 2021, Payable on March 29, 2022 People Infrastructure Ltd. declared dividend of AUD 0.06500000 for the six months ended December 31, 2021. Record Date is March 28, 2022, Ex-Date is February 25, 2022 and Payment Date is March 29, 2022. Announcement • Feb 09
Peoplein Limited (ASX:PPE) agreed to acquire Perigon Group Pty Ltd for AUD 16 million. Peoplein Limited (ASX:PPE) agreed to acquire Perigon Group Pty Ltd for AUD 16 million on February 9, 2022. The transaction is expected to complete on 28 February 2022 and is subject to certain conditions being satisfied. Recent Insider Transactions • Dec 06
Insider recently sold AU$6.0m worth of stock On the 2nd of December, Declan Sherman sold around 2m shares on-market at roughly AU$4.00 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Dec 02
People Infrastructure Ltd (ASX:PPE) acquired GMT People. People Infrastructure Ltd (ASX:PPE) acquired GMT People on December 1, 2021.
People Infrastructure Ltd (ASX:PPE) completed the acquisition of GMT People on December 1, 2021. Recent Insider Transactions Derivative • Oct 16
Executive Director & Divisional CEO exercised options to buy AU$1.5m worth of stock. On the 14th of October, Thomas Reardon exercised options to buy 340k shares at a strike price of around AU$1.00, costing a total of AU$340k. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. Since December 2020, Thomas has owned 3.83m shares directly. Company insiders have collectively bought AU$640k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 16% share price gain to AU$4.36, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Professional Services industry in Australia. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$8.63 per share. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.19 (vs AU$0.22 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$444.4m (up 20% from FY 2020). Net income: AU$17.7m (up 7.7% from FY 2020). Profit margin: 4.0% (down from 4.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Announcement • Jun 03
People Infrastructure Ltd (ASX:PPE) entered into a binding agreement to acquire 75% majority stake in Vision Surveys (QLD) Pty Ltd. People Infrastructure Ltd (ASX:PPE) entered into a binding agreement to acquire 75% majority stake in Vision Surveys (QLD) Pty Ltd on June 1, 2021. The consideration payable for the Vision Surveys, in aggregate for 100% of Vision Surveys assuming all conditions precedent are satisfied will comprise $6.7 million as upfront payment, subject to a net debt and working capital adjustment, with 75% of the upfront consideration payable in cash and the remaining 25% payable in People Infrastructure ordinary shares on completion. Up to a further $3.8 million may be payable as deferred consideration over three tranches based on the Vision Surveys business achieving agreed EBITDA hurdles for FY22, FY23 and FY24. If satisfied, each tranche of deferred consideration will be paid in 75% cash and 25% in People Infrastructure ordinary shares. In a related transaction People Infrastructure Ltd entered into an agreement to acquire Techforce Personnel Pty Limited. The acquisitions will be financed from cash reserves and existing debt facilities. Completion of the acquisition is subject to a condition precedent requiring the majority shareholders to seek binding sale agreements to be entered into with minority shareholders in respect of the remaining 25% shares before 31 July 2021, in addition to other conditions precedent standard for transactions of this nature. The acquisition is expected to be approximately 19% EPS accretive. 
