Pacific Current Group Limited engages in multi-boutique asset management business worldwide. More Details
Flawless balance sheet average dividend payer.
Share Price & News
How has Pacific Current Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PAC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PAC's weekly volatility (5%) has been stable over the past year.
7 Day Return
AU Capital Markets
1 Year Return
AU Capital Markets
Return vs Industry: PAC underperformed the Australian Capital Markets industry which returned 34.3% over the past year.
Return vs Market: PAC underperformed the Australian Market which returned 36.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Pacific Current Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StThe Pacific Current Group Limited (ASX:PAC) Analyst Just Boosted Their Forecasts By A Dazzling Amount
4 weeks ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Pacific Current Group Limited's (ASX:PAC) Shares?
2 months ago | Simply Wall StIs Pacific Current Group Limited (ASX:PAC) A Risky Dividend Stock?
Is Pacific Current Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PAC (A$5.52) is trading below our estimate of fair value (A$11.77)
Significantly Below Fair Value: PAC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PAC is poor value based on its PE Ratio (92.4x) compared to the AU Capital Markets industry average (21.9x).
PE vs Market: PAC is poor value based on its PE Ratio (92.4x) compared to the Australian market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: PAC is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: PAC is good value based on its PB Ratio (0.7x) compared to the AU Capital Markets industry average (1.3x).
How is Pacific Current Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAC's forecast earnings growth (33.5% per year) is above the savings rate (2%).
Earnings vs Market: PAC's earnings (33.5% per year) are forecast to grow faster than the Australian market (16.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PAC's revenue (3.1% per year) is forecast to grow slower than the Australian market (6.1% per year).
High Growth Revenue: PAC's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PAC's Return on Equity is forecast to be low in 3 years time (7.1%).
How has Pacific Current Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PAC has a large one-off loss of A$26.2M impacting its December 31 2020 financial results.
Growing Profit Margin: PAC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PAC has become profitable over the past 5 years, growing earnings by 21.3% per year.
Accelerating Growth: PAC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-5%).
Return on Equity
High ROE: PAC's Return on Equity (1%) is considered low.
How is Pacific Current Group's financial position?
Financial Position Analysis
Short Term Liabilities: PAC's short term assets (A$46.5M) exceed its short term liabilities (A$16.1M).
Long Term Liabilities: PAC's short term assets (A$46.5M) exceed its long term liabilities (A$31.7M).
Debt to Equity History and Analysis
Debt Level: PAC is debt free.
Reducing Debt: PAC had no debt 5 years ago.
Debt Coverage: PAC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PAC has no debt, therefore coverage of interest payments is not a concern.
What is Pacific Current Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PAC's dividend (6.34%) is higher than the bottom 25% of dividend payers in the Australian market (1.98%).
High Dividend: PAC's dividend (6.34%) is in the top 25% of dividend payers in the Australian market (5.3%)
Stability and Growth of Payments
Stable Dividend: PAC's dividend payments have been volatile in the past 10 years.
Growing Dividend: PAC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (586.2%), PAC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PAC's dividends in 3 years are forecast to be covered by earnings (65.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Paul Richard Greenwood, BA, CFA has been Chief Executive Officer of Pacific Current Group Limited since July 1, 2018, serves as its Global Chief Investment Officer and Executive Director since December...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD1.71M) is above average for companies of similar size in the Australian market ($USD480.02K).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Experienced Management: PAC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: PAC's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Pacific Current Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Pacific Current Group Limited
- Ticker: PAC
- Exchange: ASX
- Founded: NaN
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$280.515m
- Shares outstanding: 50.82m
- Website: https://www.paccurrent.com
Number of Employees
- Pacific Current Group Limited
- Level 29
- 259 George Street
- New South Wales
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...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/14 08:09|
|End of Day Share Price||2021/04/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.