Pinnacle Investment Management Group Future Growth

Future criteria checks 4/6

Pinnacle Investment Management Group is forecast to grow earnings and revenue by 16.8% and 13.8% per annum respectively. EPS is expected to grow by 15% per annum. Return on equity is forecast to be 20.7% in 3 years.

Key information

16.8%

Earnings growth rate

15.0%

EPS growth rate

Capital Markets earnings growth	12.2%
Revenue growth rate	13.8%
Future return on equity	20.7%
Analyst coverage	Good
Last updated	04 Dec 2024

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

ASX:PNI - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	82	181	159	168	6
6/30/2026	72	154	136	140	6
6/30/2025	59	119	99	117	6
6/30/2024	49	90	96	96	N/A
3/31/2024	48	83	98	98	N/A
12/31/2023	46	76	99	99	N/A
9/30/2023	46	76	77	77	N/A
6/30/2023	46	76	55	55	N/A
3/31/2023	46	72	54	54	N/A
12/31/2022	47	67	53	53	N/A
9/30/2022	47	72	18	19	N/A
6/30/2022	46	76	-17	-15	N/A
3/31/2022	43	77	-29	-27	N/A
12/31/2021	40	77	-40	-38	N/A
9/30/2021	36	72	-4	-3	N/A
6/30/2021	33	67	33	33	N/A
12/31/2020	25	49	33	34	N/A
9/30/2020	24	41	26	28	N/A
6/30/2020	22	32	19	22	N/A
12/31/2019	24	34	31	33	N/A
9/30/2019	23	32	26	27	N/A
6/30/2019	21	31	21	21	N/A
12/31/2018	18	25	-1	-1	N/A
9/30/2018	17	24	10	10	N/A
6/30/2018	17	23	21	21	N/A
12/31/2017	13	17	N/A	-10	N/A
9/30/2017	12	15	N/A	-14	N/A
6/30/2017	11	12	N/A	-17	N/A
12/31/2016	10	7	N/A	7	N/A
9/30/2016	9	6	N/A	4	N/A
6/30/2016	8	6	N/A	0	N/A
3/31/2016	8	0	N/A	N/A	N/A
12/31/2015	7	-6	N/A	2	N/A
9/30/2015	7	-6	N/A	5	N/A
6/30/2015	8	-5	N/A	7	N/A
12/31/2014	-20	3	N/A	6	N/A
9/30/2014	-6	3	N/A	7	N/A
6/30/2014	8	4	N/A	9	N/A
3/31/2014	61	4	N/A	6	N/A
12/31/2013	62	3	N/A	4	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNI's forecast earnings growth (16.8% per year) is above the savings rate (2.6%).

Earnings vs Market: PNI's earnings (16.8% per year) are forecast to grow faster than the Australian market (12.6% per year).

High Growth Earnings: PNI's earnings are forecast to grow, but not significantly.

Revenue vs Market: PNI's revenue (13.8% per year) is forecast to grow faster than the Australian market (5.8% per year).

High Growth Revenue: PNI's revenue (13.8% 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 (20.7%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 02:01
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Pinnacle Investment Management Group Limited is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	Barclay Pearce Capital Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Scott Murdoch	CGS International

Pinnacle Investment Management Group Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 13% to AU$19.69

Price target increased by 7.7% to AU$14.78

Price target increased by 7.4% to AU$13.73

Price target increased by 8.1% to AU$12.78

Price target decreased to AU$11.41

Price target decreased to AU$11.41

Recent updates

New minor risk - Shareholder dilution

Pinnacle Investment Management Group Limited (ASX:PNI) reached an agreement to acquire 22.50% stake in VSS Holdings LLC for $60.5 million.

Pinnacle Investment Management Group Limited has completed a Follow-on Equity Offering in the amount of AUD 400.00001 million.

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)

Price target increased to AU$12.97

Investor sentiment improved over the past week

Consensus forecasts updated

Executive Director recently sold AU$2.9m worth of stock

Price target increased to AU$11.19

Price target increased to AU$10.28