Pinnacle Investment Management Group Limited operates as an investment management company in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$15.74|
|52 Week High||AU$4.88|
|52 Week Low||AU$18.60|
|1 Month Change||-4.02%|
|3 Month Change||27.86%|
|1 Year Change||188.28%|
|3 Year Change||144.03%|
|5 Year Change||635.51%|
|Change since IPO||361.58%|
Recent News & Updates
|PNI||AU Capital Markets||AU Market|
Return vs Industry: PNI exceeded the Australian Capital Markets industry which returned 21.7% over the past year.
Return vs Market: PNI exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: PNI is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PNI's weekly volatility (6%) has been stable over the past year.
About the Company
Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts.
Pinnacle Investment Management Group Fundamentals Summary
|PNI fundamental statistics|
Is PNI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PNI income statement (TTM)|
|Cost of Revenue||AU$24.78m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.37|
|Net Profit Margin||206.12%|
How did PNI perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is Pinnacle Investment Management Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PNI (A$15.74) is trading above our estimate of fair value (A$12.76)
Significantly Below Fair Value: PNI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PNI is poor value based on its PE Ratio (42.4x) compared to the Australian Capital Markets industry average (16.3x).
PE vs Market: PNI is poor value based on its PE Ratio (42.4x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: PNI is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: PNI is overvalued based on its PB Ratio (11.7x) compared to the AU Capital Markets industry average (1.4x).
How is Pinnacle Investment Management Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNI's forecast earnings growth (15.6% per year) is above the savings rate (1.9%).
Earnings vs Market: PNI's earnings (15.6% per year) are forecast to grow faster than the Australian market (11.8% per year).
High Growth Earnings: PNI's earnings are forecast to grow, but not significantly.
Revenue vs Market: PNI's revenue (13.1% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: PNI's revenue (13.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNI's Return on Equity is forecast to be high in 3 years time (39.9%)
How has Pinnacle Investment Management Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNI has high quality earnings.
Growing Profit Margin: PNI's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: PNI's earnings have grown significantly by 37.1% per year over the past 5 years.
Accelerating Growth: PNI's earnings growth over the past year (107.1%) exceeds its 5-year average (37.1% per year).
Earnings vs Industry: PNI earnings growth over the past year (107.1%) exceeded the Capital Markets industry 12.8%.
Return on Equity
High ROE: PNI's Return on Equity (27.5%) is considered high.
How is Pinnacle Investment Management Group's financial position?
Financial Position Analysis
Short Term Liabilities: PNI's short term assets (A$173.4M) exceed its short term liabilities (A$20.6M).
Long Term Liabilities: PNI's short term assets (A$173.4M) exceed its long term liabilities (A$101.7M).
Debt to Equity History and Analysis
Debt Level: PNI's debt to equity ratio (41%) is considered high.
Reducing Debt: Insufficient data to determine if PNI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PNI's debt is well covered by operating cash flow (33%).
Interest Coverage: PNI's interest payments on its debt are well covered by EBIT (4x coverage).
What is Pinnacle Investment Management Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PNI's dividend (2.16%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: PNI's dividend (2.16%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).
Stability and Growth of Payments
Stable Dividend: PNI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PNI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.1%), PNI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PNI's dividends in 3 years are forecast to be covered by earnings (81% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Ian Macoun, CFA, B Com, MFM, DipFinSer(FP), FCPA, FAICD, serves as the Non-Executive Director at Resolution Capital Limited. Mr. Macoun has been the Managing Director and Chairman of Pinnacle Investmen...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD999.83K) is about average for companies of similar size in the Australian market ($USD1.41M).
Compensation vs Earnings: Ian's compensation has increased by more than 20% in the past year.
Experienced Management: PNI's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: PNI's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PNI 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 3.6%.
Pinnacle Investment Management Group Limited's employee growth, exchange listings and data sources
- Name: Pinnacle Investment Management Group Limited
- Ticker: PNI
- Exchange: ASX
- Founded: 1895
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$2.843b
- Shares outstanding: 180.65m
- Website: https://www.pinnacleinvestment.com
Number of Employees
- Pinnacle Investment Management Group Limited
- 60 Margaret Street
- Level 35
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 07:04|
|End of Day Share Price||2021/10/15 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.