Perpetual Equity Investment Company Limited invests in listed securities.
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.
7 Day Return
AU Capital Markets
1 Year Return
AU Capital Markets
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.
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
2 weeks ago | Simply Wall StDid You Manage To Avoid Perpetual Equity Investment's (ASX:PIC) 18% Share Price Drop?
4 months ago | Simply Wall StDid You Miss Perpetual Equity Investment's (ASX:PIC) 12% Share Price Gain?
8 months ago | Simply Wall StIf You Had Bought Perpetual Equity Investment (ASX:PIC) Shares Three Years Ago You'd Have Made 12%
Is Perpetual Equity Investment 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: 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).
How is Perpetual Equity Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Perpetual Equity Investment is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Perpetual Equity Investment competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Perpetual Equity Investment performed over the past 5 years?
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.
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.
What is Perpetual Equity Investment's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Perpetual Equity Investment has no CEO, or we have no data on them.
|Executive Director||2.5yrs||no data||0.0053% A$16.6k|
|Non-Executive Director||5.67yrs||AU$44.00k||0.087% A$271.9k|
|Non-Executive Director||5.75yrs||AU$44.00k||0.040% A$123.4k|
|Non-Executive Director||5.67yrs||AU$44.00k||0.035% A$109.9k|
Experienced Board: PIC's board of directors are considered experienced (5.7 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Perpetual Equity Investment Company Limited's company bio, employee growth, exchange listings and data sources
- 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
- Perpetual Equity Investment Company Limited
- 123 Pitt Street
- Level 18
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PIC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 2014|
|PIC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Dec 2014|
|P82||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2014|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 10:48|
|End of Day Share Price||2020/05/27 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.