How does PNI's PE Ratio compare to its peers?

PNI is good value based on its Price-To-Earnings Ratio (48.5x) compared to the peer average (49.9x).

How does PNI's PE Ratio compare vs other companies in the AU Capital Markets Industry?

PNI is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the Australian Capital Markets industry average (20x).

What is PNI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNI is expensive based on its Price-To-Earnings Ratio (48.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

What is the Fair Price of PNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PNI (A$22.12) is trading above our estimate of [[fair value]] (A$12.33)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

Pinnacle Investment Management Group (ASX:PNI) - Stock Price, News & Analysis

PNI Stock Overview

Operates as an investment management company in Australia. More details

PNI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings are forecast to grow 16.79% per year

Earnings grew by 18.1% over the past year

Risk Analysis

No risks detected for PNI from our risk checks.

Pinnacle Investment Management Group Limited Competitors

HMC Capital

ASX:HMC

AU$4.8b

Argo Investments

ASX:ARG

AU$6.9b

Netwealth Group

ASX:NWL

AU$7.2b

GQG Partners

ASX:GQG

AU$7.8b

Price History & Performance

Summary of all time highs, changes and price drops for Pinnacle Investment Management Group
Historical stock prices
Current Share Price	AU$22.12
52 Week High	AU$21.67
52 Week Low	AU$8.56
Beta	1.74
11 Month Change	15.33%
3 Month Change	28.60%
1 Year Change	148.26%
33 Year Change	35.13%
5 Year Change	345.07%
Change since IPO	548.68%

Recent updates

Do Insiders Own Lots Of Shares In Pinnacle Investment Management Group Limited (ASX:PNI)?

Feb 15

How Much Are Pinnacle Investment Management Group Limited (ASX:PNI) Insiders Taking Off The Table?

Dec 24

Shareholder Returns

	PNI	AU Capital Markets	AU Market
7D	4.7%	1.1%	1.5%
1Y	148.3%	37.0%	17.2%

Return vs Industry: PNI exceeded the Australian Capital Markets industry which returned 37% over the past year.

Return vs Market: PNI exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is PNI's price volatile compared to industry and market?
PNI volatility
PNI Average Weekly Movement	3.7%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: PNI has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: PNI's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1895	n/a	Ian Macoun	www.pinnacleinvestment.com

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 Limited Fundamentals Summary

How do Pinnacle Investment Management Group's earnings and revenue compare to its market cap?
PNI fundamental statistics
Market cap	AU$4.25b
Earnings (TTM)	AU$90.35m
Revenue (TTM)	AU$48.99m

48.5x

P/E Ratio

89.5x

P/S Ratio

Is PNI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PNI income statement (TTM)
Revenue	AU$48.99m
Cost of Revenue	AU$40.79m
Gross Profit	AU$8.20m
Other Expenses	-AU$82.15m
Earnings	AU$90.35m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.46
Gross Margin	16.74%
Net Profit Margin	184.44%
Debt/Equity Ratio	22.0%

How did PNI perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

92%

Payout Ratio

PNI Stock Overview

Rewards

Risk Analysis

Pinnacle Investment Management Group Limited Competitors

ASX:HMC

AU$4.8b

ASX:ARG

AU$6.9b

ASX:NWL

AU$7.2b

ASX:GQG

AU$7.8b

Price History & Performance

Recent News & Updates

Pinnacle Investment Management Group Limited has filed a Follow-on Equity Offering in the amount of AUD 25.000018 million.

Price target increased by 13% to AU$19.69

Now 25% overvalued after recent price rise

Now 20% overvalued after recent price rise

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 25, 2024

Recent updates

Pinnacle Investment Management Group Limited has filed a Follow-on Equity Offering in the amount of AUD 25.000018 million.

Price target increased by 13% to AU$19.69

Now 25% overvalued after recent price rise

Now 20% overvalued after recent price rise

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 25, 2024

Upcoming dividend of AU$0.074 per share

Final dividend of AU$0.074 announced

Price target increased by 7.7% to AU$14.78

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.4% to AU$13.73

Price target increased by 8.1% to AU$12.78

Now 24% overvalued after recent price rise

Upcoming dividend of AU$0.16 per share

First half dividend of AU$0.16 announced

First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Pinnacle Investment Management Group Limited to Report Q2, 2024 Results on Feb 01, 2024

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.20 per share at 3.8% yield

Full year 2023 earnings released: EPS: AU$0.39 (vs AU$0.40 in FY 2022)

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 27, 2023

Upcoming dividend of AU$0.16 per share at 3.3% yield

First half 2023 earnings released: EPS: AU$0.16 (vs AU$0.21 in 1H 2022)

Pinnacle Investment Management Group Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on March 17, 2023

Pinnacle Investment Management Group Limited (ASX:PNI) announces an Equity Buyback for 50,000 shares, representing 0.02% for AUD 0.43 million.

Pinnacle Investment Management Group Limited Announces the Retirement of Gerard Bradley AO as Director, Effective 1 January 2023

Price target decreased to AU$11.41

Insufficient new directors

Price target decreased to AU$11.41

Pinnacle Investment Management Group Limited Announces the Retirement of Gerard Bradley as Non-Executive Director

Pinnacle Investment Management Group Limited Announces Retirement of Adrian Whittingham as Director

Now 20% undervalued

Upcoming dividend of AU$0.17 per share

Price target increased to AU$12.10

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 27, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Pinnacle Investment Management Group Limited Announces Final Dividend for the Year 2022, Payable on September 16, 2022

Now 20% undervalued

Price target decreased to AU$11.21

Pinnacle Investment Management Group Limited to Report Q4, 2022 Results on Aug 03, 2022

Investor sentiment improved over the past week

Price target decreased to AU$12.03

Now 25% undervalued after recent price drop

Price target decreased to AU$12.98

Now 20% undervalued after recent price drop

Price target decreased to AU$13.41

Insufficient new directors

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.17 per share

Price target decreased to AU$15.36

Now 22% undervalued after recent price drop

Consensus revenue estimates increase by 20%

First half 2022 earnings: EPS and revenues exceed analyst expectations

Pinnacle Investment Management Group Limited Declares Interim Dividend the Half Year Ended 31 December 2021, Payable on 18 March 2022

Now 20% undervalued after recent price drop

Pinnacle Investment Management Group Limited (ASX:PNI) acquired 25% stake in Five V Capital.

Non-executive Independent Chairman recently bought AU$97k worth of stock

Pinnacle Investment Management Group Limited announced that it has received AUD 105.21 million in funding

Investor sentiment deteriorated over the past week

Upcoming dividend of AU$0.17 per share

Full year 2021 earnings released: EPS AU$0.38 (vs AU$0.19 in FY 2020)