Perpetual Valuation

Is PPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PPT (A$25.09) is trading below our estimate of fair value (A$33.16)

Significantly Below Fair Value: PPT is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPT?

Other financial metrics that can be useful for relative valuation.

PPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA12.6x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.8x
MFF MFF Capital Investments
4.7xn/aAU$2.1b
PNI Pinnacle Investment Management Group
30.3x14.3%AU$2.3b
BKI BKI Investment
20.1xn/aAU$1.4b
NWL Netwealth Group
68x16.2%AU$5.2b
PPT Perpetual
41.9x26.9%AU$2.8b

Price-To-Earnings vs Peers: PPT is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PPT is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the Australian Capital Markets industry average (20.8x).


Price to Earnings Ratio vs Fair Ratio

What is PPT'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.

PPT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.9x
Fair PE Ratio25.6x

Price-To-Earnings vs Fair Ratio: PPT is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).


Analyst Price Targets

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

The above table shows the analyst PPT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$25.09
AU$26.74
+6.6%
10.6%AU$33.92AU$22.30n/a10
Mar ’25AU$24.41
AU$26.76
+9.6%
10.6%AU$33.92AU$22.30n/a10
Feb ’25AU$25.35
AU$26.82
+5.8%
5.8%AU$28.67AU$23.00n/a9
Jan ’25AU$25.48
AU$26.14
+2.6%
6.4%AU$28.67AU$23.50n/a9
Dec ’24AU$22.54
AU$25.72
+14.1%
8.6%AU$28.00AU$22.10n/a11
Nov ’24AU$19.20
AU$25.72
+33.9%
8.6%AU$28.00AU$22.10n/a11
Oct ’24AU$20.95
AU$27.06
+29.2%
7.5%AU$30.50AU$23.50n/a11
Sep ’24AU$21.12
AU$28.21
+33.6%
15.2%AU$40.84AU$23.50n/a12
Aug ’24AU$25.15
AU$30.79
+22.4%
11.2%AU$40.84AU$26.00n/a12
Jul ’24AU$25.88
AU$31.03
+19.9%
11.0%AU$40.84AU$26.60n/a13
Jun ’24AU$24.49
AU$31.03
+26.7%
11.0%AU$40.84AU$26.60n/a13
May ’24AU$24.90
AU$30.72
+23.4%
11.9%AU$40.84AU$26.00n/a13
Apr ’24AU$21.96
AU$30.52
+39.0%
11.7%AU$40.84AU$26.00n/a13
Mar ’24AU$24.48
AU$30.52
+24.7%
11.7%AU$40.84AU$26.00AU$24.4113
Feb ’24AU$25.49
AU$29.98
+17.6%
9.8%AU$36.09AU$26.30AU$25.3512
Jan ’24AU$24.60
AU$30.28
+23.1%
14.5%AU$38.73AU$22.00AU$25.4812
Dec ’23AU$25.21
AU$30.33
+20.3%
15.1%AU$38.73AU$22.00AU$22.5411
Nov ’23AU$25.49
AU$30.54
+19.8%
16.0%AU$38.80AU$22.00AU$19.2012
Oct ’23AU$23.59
AU$32.67
+38.5%
11.1%AU$39.80AU$29.10AU$20.9512
Sep ’23AU$27.06
AU$33.27
+23.0%
13.9%AU$43.37AU$29.10AU$21.1212
Aug ’23AU$30.27
AU$34.31
+13.3%
16.0%AU$43.37AU$24.00AU$25.1511
Jul ’23AU$29.26
AU$37.72
+28.9%
11.8%AU$43.37AU$30.90AU$25.8811
Jun ’23AU$32.84
AU$38.91
+18.5%
9.9%AU$43.37AU$31.95AU$24.4911
May ’23AU$32.99
AU$38.83
+17.7%
10.2%AU$43.37AU$31.95AU$24.9011
Apr ’23AU$34.23
AU$39.28
+14.8%
9.1%AU$45.00AU$33.60AU$21.9611
Mar ’23AU$36.01
AU$39.37
+9.3%
9.3%AU$45.00AU$33.60AU$24.4811

Analyst Forecast: Target price is less than 20% higher than the current share price.


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