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PL8

Plato Income MaximiserASX:PL8 Stock Report

Market Cap

AU$548.4m

7D

-1.2%

1Y

18.0%

Updated

20 Oct, 2021

Data

Company Financials
PL8 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

PL8 Overview

Plato Income Maximiser Limited is a privately owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for Plato Income Maximiser
Historical stock prices
Current Share PriceAU$1.28
52 Week HighAU$1.07
52 Week LowAU$1.33
Beta0.76
1 Month Change0.39%
3 Month Change0.79%
1 Year Change17.97%
3 Year Change25.49%
5 Year Changen/a
Change since IPO18.52%

Recent News & Updates

Aug 04
Plato Income Maximiser's (ASX:PL8) Dividend Will Be Increased To AU$0.0045

Plato Income Maximiser's (ASX:PL8) Dividend Will Be Increased To AU$0.0045

Plato Income Maximiser Limited's ( ASX:PL8 ) dividend will be increasing on the 31st of August to AU$0.0045, with...

Jul 16
Plato Income Maximiser (ASX:PL8) Will Pay A Larger Dividend Than Last Year At AU$0.0045

Plato Income Maximiser (ASX:PL8) Will Pay A Larger Dividend Than Last Year At AU$0.0045

The board of Plato Income Maximiser Limited ( ASX:PL8 ) has announced that the dividend on 30th of July will be...

May 07
What To Know Before Buying Plato Income Maximiser Limited (ASX:PL8) For Its Dividend

What To Know Before Buying Plato Income Maximiser Limited (ASX:PL8) For Its Dividend

Dividend paying stocks like Plato Income Maximiser Limited ( ASX:PL8 ) tend to be popular with investors, and for good...

Mar 11
Plato Income Maximiser Limited (ASX:PL8) Goes Ex-Dividend Soon

Plato Income Maximiser Limited (ASX:PL8) Goes Ex-Dividend Soon

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Shareholder Returns

PL8AU Capital MarketsAU Market
7D-1.2%3.4%1.7%
1Y18.0%23.2%20.2%

Return vs Industry: PL8 underperformed the Australian Capital Markets industry which returned 23.2% over the past year.

Return vs Market: PL8 underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is PL8's price volatile compared to industry and market?
PL8 volatility
PL8 Beta0.76
Industry Beta0.99
Market Beta1

Stable Share Price: PL8 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PL8's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/an/ahttps://www.plato.com.au/lic-overview

Plato Income Maximiser Limited is a privately owned investment manager. The firm provides its services to SMSF and pension-phase investors. It invests in public equity markets of Australia.

Plato Income Maximiser Fundamentals Summary

How do Plato Income Maximiser's earnings and revenue compare to its market cap?
PL8 fundamental statistics
Market CapAU$548.39m
Earnings (TTM)AU$73.02m
Revenue (TTM)AU$99.58m

7.5x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PL8 income statement (TTM)
RevenueAU$99.58m
Cost of RevenueAU$0
Gross ProfitAU$99.58m
ExpensesAU$26.56m
EarningsAU$73.02m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin100.00%
Net Profit Margin73.33%
Debt/Equity Ratio0.0%

How did PL8 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

28%

Payout Ratio

Does PL8 pay a reliable dividends?

See PL8 dividend history and benchmarks
When do you need to buy PL8 by to receive an upcoming dividend?
Plato Income Maximiser dividend dates
Ex Dividend DateNov 15 2021
Dividend Pay DateNov 30 2021
Days until Ex dividend25 days
Days until Dividend pay date40 days

Does PL8 pay a reliable dividends?

See PL8 dividend history and benchmarks

Valuation

Is Plato Income Maximiser undervalued compared to its fair value and its price relative to the market?

7.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PL8 (A$1.28) is trading above our estimate of fair value (A$1.04)

Significantly Below Fair Value: PL8 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PL8 is good value based on its PE Ratio (7.5x) compared to the Australian Capital Markets industry average (17x).

PE vs Market: PL8 is good value based on its PE Ratio (7.5x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PL8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PL8 is good value based on its PB Ratio (1.1x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Plato Income Maximiser forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

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 Plato Income Maximiser 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.


Past Performance

How has Plato Income Maximiser performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PL8 has a high level of non-cash earnings.

Growing Profit Margin: PL8 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PL8's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: PL8 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PL8 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (12.8%).


Return on Equity

High ROE: PL8's Return on Equity (15.1%) is considered low.


Financial Health

How is Plato Income Maximiser's financial position?


Financial Position Analysis

Short Term Liabilities: PL8's short term assets (A$486.0M) exceed its short term liabilities (A$420.0K).

Long Term Liabilities: PL8's short term assets (A$486.0M) exceed its long term liabilities (A$3.2M).


Debt to Equity History and Analysis

Debt Level: PL8 is debt free.

Reducing Debt: PL8 has not had any debt for past 5 years.

Debt Coverage: PL8 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PL8 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Plato Income Maximiser current dividend yield, its reliability and sustainability?

4.69%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 21 2021Ex Dividend DateNov 15 2021Dividend Pay DateNov 30 202115 days from Ex DividendBuy in the next 25 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PL8's dividend (4.69%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: PL8's dividend (4.69%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).


Stability and Growth of Payments

Stable Dividend: PL8 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PL8's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.2%), PL8's dividend payments are well 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?

4.7yrs

Average board tenure


CEO

Plato Income Maximiser has no CEO, or we have no data on them.


Board Members

Experienced Board: PL8's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PL8 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Plato Income Maximiser Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Plato Income Maximiser Limited
  • Ticker: PL8
  • Exchange: ASX
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$548.394m
  • Shares outstanding: 428.43m
  • Website: https://www.plato.com.au/lic-overview

Location

  • Plato Income Maximiser Limited
  • 60 Margaret Street
  • Level 35
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:34
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.