Pacific Current Group (ASX:PAC) - Stock Price, News & Analysis

PAC Stock Overview

Engages in multi-boutique asset management business worldwide. More details

PAC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (5.1x) is below the Australian market (19.7x)

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 44.5% per year for the next 3 years

Dividend of 3.54% is not well covered by free cash flows

Pacific Current Group Limited Competitors

Hearts and Minds Investments

ASX:HM1

AU$691.5m

MA Financial Group

ASX:MAF

AU$1.1b

Australian Ethical Investment

ASX:AEF

AU$575.2m

Mirrabooka Investments

ASX:MIR

AU$666.3m

Price History & Performance

Summary of all time highs, changes and price drops for Pacific Current Group
Historical stock prices
Current Share Price	AU$10.73
52 Week High	AU$11.50
52 Week Low	AU$8.00
Beta	0.73
11 Month Change	0.28%
3 Month Change	-2.45%
1 Year Change	31.66%
33 Year Change	49.03%
5 Year Change	59.20%
Change since IPO	2,800.00%

Recent updates

The Pacific Current Group Limited (ASX:PAC) Analyst Just Boosted Their Forecasts By A Dazzling Amount

Mar 24

What Kind Of Shareholders Hold The Majority In Pacific Current Group Limited's (ASX:PAC) Shares?

Mar 17

Is Pacific Current Group Limited (ASX:PAC) A Risky Dividend Stock?

Feb 10

How Much Did Pacific Current Group's(ASX:PAC) Shareholders Earn From Share Price Movements Over The Last Three Years?

Jan 19

Are Insiders Buying Pacific Current Group Limited (ASX:PAC) Stock?

Dec 28

What You Need To Know About Pacific Current Group Limited's (ASX:PAC) Investor Composition

Dec 02

Shareholder Returns

	PAC	AU Capital Markets	AU Market
7D	-0.7%	1.1%	1.5%
1Y	31.7%	37.0%	17.2%

Return vs Industry: PAC underperformed the Australian Capital Markets industry which returned 37% over the past year.

Return vs Market: PAC exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is PAC's price volatile compared to industry and market?
PAC volatility
PAC Average Weekly Movement	2.3%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: PAC has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: PAC's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	7	Michael Clarke	www.paccurrent.com

Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd and changed its name to Pacific Current Group Limited in October 2015.

Pacific Current Group Limited Fundamentals Summary

How do Pacific Current Group's earnings and revenue compare to its market cap?
PAC fundamental statistics
Market cap	AU$557.47m
Earnings (TTM)	AU$110.08m
Revenue (TTM)	AU$208.84m

5.1x

P/E Ratio

2.7x

P/S Ratio

Is PAC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAC income statement (TTM)
Revenue	AU$208.84m
Cost of Revenue	AU$20.14m
Gross Profit	AU$188.70m
Other Expenses	AU$78.62m
Earnings	AU$110.08m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.11
Gross Margin	90.36%
Net Profit Margin	52.71%
Debt/Equity Ratio	9.9%

How did PAC perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

18%

Payout Ratio

PAC Stock Overview

Rewards

Risk Analysis

Pacific Current Group Limited Competitors

ASX:HM1

AU$691.5m

ASX:MAF

AU$1.1b

ASX:AEF

AU$575.2m

ASX:MIR

AU$666.3m

Price History & Performance

Recent News & Updates

Consensus revenue estimates fall by 23%

Price target increased by 7.3% to AU$12.50

Final dividend of AU$0.23 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).

Recent updates

Consensus revenue estimates fall by 23%

Price target increased by 7.3% to AU$12.50

Final dividend of AU$0.23 announced

Full year 2024 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).

Consensus revenue estimates decrease by 43%

Consensus EPS estimates increase by 36%, revenue downgraded

Upcoming dividend of AU$0.15 per share

First half 2024 earnings released: EPS: AU$0.23 (vs AU$0.20 loss in 1H 2023)

First half dividend of AU$0.15 announced

Price target increased by 8.5% to AU$11.45

Less than half of directors are independent

Pacific Current Group Limited Appoints Michael Clarke as Non-Executive Director, Effective 14 February 2024

Pacific Current Group Limited, Annual General Meeting, Nov 15, 2024

Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023

Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023

GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others

GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million.

Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million.

Upcoming dividend of AU$0.23 per share at 3.4% yield

Full year 2023 earnings: EPS and revenues miss analyst expectations

Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of October 12, 2023

Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million.

Price target decreased by 7.9% to AU$9.42

Upcoming dividend of AU$0.15 per share at 5.5% yield

First half 2023 earnings released: AU$0.20 loss per share (vs AU$0.33 loss in 1H 2022)

Pacific Current Group Limited, Annual General Meeting, Nov 16, 2023

Price target decreased to AU$10.19

No independent directors

Price target decreased to AU$10.19

Upcoming dividend of AU$0.23 per share

Full year 2022 earnings: EPS and revenues miss analyst expectations

Pacific Current Group Limited Announces Dividend for the six months ended June 30, 2022, Payable on October 11, 2022

No independent directors

Non Executive Chairman of the Board recently bought AU$114k worth of stock

First half 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to AU$11.30

Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2021, Payable on April 14, 2022

Pacific Current Group Limited Declares Fully Franked Interim Dividend

Pacific Current Group Limited (ASX:PAC) acquired Banner Oak Capital Partners, LP for $40 million.

No independent directors

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.34 (vs AU$0.36 loss in FY 2020)

The Pacific Current Group Limited (ASX:PAC) Analyst Just Boosted Their Forecasts By A Dazzling Amount

Price target decreased to AU$6.70

Consensus revenue estimates increase to AU$66.3m

What Kind Of Shareholders Hold The Majority In Pacific Current Group Limited's (ASX:PAC) Shares?

First half 2021 earnings released: EPS AU$0.23 (vs AU$0.19 loss in 1H 2020)

New 90-day low: AU$5.92

Is Pacific Current Group Limited (ASX:PAC) A Risky Dividend Stock?

Pacific Current Group Limited to Report First Half, 2021 Results on Feb 26, 2021

How Much Did Pacific Current Group's(ASX:PAC) Shareholders Earn From Share Price Movements Over The Last Three Years?

New 90-day high: AU$6.42

Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire unknown minority stake in Astarte Capital Partners Llp for £4.4 million.

Are Insiders Buying Pacific Current Group Limited (ASX:PAC) Stock?

New 90-day high: AU$6.40

What You Need To Know About Pacific Current Group Limited's (ASX:PAC) Investor Composition

Pacific Current Group Limited Appoints Ashley Killick as Chief Financial Officer