ASX:PIC

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Perpetual Equity Investment

Executive Summary

Perpetual Equity Investment Company Limited invests in listed securities.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Perpetual Equity Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PIC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.9%

PIC

3.9%

AU Capital Markets

4.4%

AU Market


1 Year Return

-10.0%

PIC

-6.1%

AU Capital Markets

-11.2%

AU Market

Return vs Industry: PIC underperformed the Australian Capital Markets industry which returned -7% over the past year.

Return vs Market: PIC exceeded the Australian Market which returned -13.6% over the past year.


Shareholder returns

PICIndustryMarket
7 Day2.9%3.9%4.4%
30 Day13.2%12.7%11.3%
90 Day-11.3%-14.7%-13.6%
1 Year-3.2%-10.0%-2.5%-6.1%-7.5%-11.2%
3 Year4.3%-13.0%45.7%27.9%13.5%-1.6%
5 Year17.6%-7.2%81.3%42.7%26.5%-0.7%

Price Volatility Vs. Market

How volatile is Perpetual Equity Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Perpetual Equity Investment undervalued compared to its fair value and its price relative to the market?

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PIC (A$0.9) is trading below our estimate of fair value (A$1.44)

Significantly Below Fair Value: PIC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PIC is good value based on its PE Ratio (7.4x) compared to the Capital Markets industry average (16.9x).

PE vs Market: PIC is good value based on its PE Ratio (7.4x) compared to the Australian market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PIC is good value based on its PB Ratio (0.8x) compared to the AU Capital Markets industry average (1.7x).


Next Steps

Future Growth

How is Perpetual Equity Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Perpetual Equity Investment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Perpetual Equity Investment performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIC has high quality earnings.

Growing Profit Margin: PIC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PIC's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: PIC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PIC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (6.4%).


Return on Equity

High ROE: PIC's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Perpetual Equity Investment's financial position?


Financial Position Analysis

Short Term Liabilities: PIC's short term assets (A$393.4M) exceed its short term liabilities (A$4.9M).

Long Term Liabilities: PIC's short term assets (A$393.4M) exceed its long term liabilities (A$3.6M).


Debt to Equity History and Analysis

Debt Level: PIC is debt free.

Reducing Debt: PIC has not had any debt for past 5 years.

Debt Coverage: PIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PIC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Perpetual Equity Investment's current dividend yield, its reliability and sustainability?

7.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PIC's dividend (7.37%) is higher than the bottom 25% of dividend payers in the Australian market (2.67%).

High Dividend: PIC's dividend (7.37%) is in the top 25% of dividend payers in the Australian market (6.98%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PIC has been paying a dividend for less than 10 years.

Growing Dividend: PIC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.4%), PIC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average board tenure


CEO

Perpetual Equity Investment has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
David Lane
Executive Director2.5yrsno data0.0053% A$16.6k
Christine Feldmanis
Non-Executive Director5.67yrsAU$44.00k0.087% A$271.9k
Virginia Malley
Non-Executive Director5.75yrsAU$44.00k0.040% A$123.4k
Nancy Fox
Chairman2.83yrsAU$55.00k0.066% A$205.9k
John Edstein
Non-Executive Director5.67yrsAU$44.00k0.035% A$109.9k

5.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PIC's board of directors are considered experienced (5.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Perpetual Equity Investment Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perpetual Equity Investment Company Limited
  • Ticker: PIC
  • Exchange: ASX
  • Founded: 2014
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$311.309m
  • Shares outstanding: 347.83m
  • Website: https://www.perpetualequity.com.au

Location

  • Perpetual Equity Investment Company Limited
  • 123 Pitt Street
  • Level 18
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PICASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2014
PICCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2014
P82DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2014

Biography

Perpetual Equity Investment Company Limited invests in listed securities. The company was incorporated in 2014 and is based in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 10:48
End of Day Share Price2020/05/27 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.