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PTM

Platinum Investment ManagementASX:PTM Stock Report

Market Cap

AU$1.8b

7D

3.0%

1Y

-1.9%

Updated

21 Oct, 2021

Data

Company Financials +
PTM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends4/6

PTM Overview

Platinum Asset Management is a publicly owned hedge fund sponsor.

Platinum Investment Management Competitors

Magellan Financial Group

ASX:MFG

AU$6.7b

IOOF Holdings

ASX:IFL

AU$3.0b

Pendal Group

ASX:PDL

AU$2.5b

Perpetual

ASX:PPT

AU$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Platinum Investment Management
Historical stock prices
Current Share PriceAU$3.08
52 Week HighAU$2.97
52 Week LowAU$5.14
Beta1.42
1 Month Change-11.49%
3 Month Change-29.20%
1 Year Change-1.91%
3 Year Change-36.23%
5 Year Change-37.40%
Change since IPO-65.00%

Recent News & Updates

May 08
Does Platinum Investment Management Limited (ASX:PTM) Have A Place In Your Dividend Portfolio?

Does Platinum Investment Management Limited (ASX:PTM) Have A Place In Your Dividend Portfolio?

Is Platinum Investment Management Limited ( ASX:PTM ) a good dividend stock? How can we tell? Dividend paying companies...

Feb 26
Platinum Investment Management Limited Just Recorded A 32% EPS Beat: Here's What Analysts Are Forecasting Next

Platinum Investment Management Limited Just Recorded A 32% EPS Beat: Here's What Analysts Are Forecasting Next

It's been a good week for Platinum Investment Management Limited ( ASX:PTM ) shareholders, because the company has just...

Shareholder Returns

PTMAU Capital MarketsAU Market
7D3.0%4.0%1.5%
1Y-1.9%24.9%21.1%

Return vs Industry: PTM underperformed the Australian Capital Markets industry which returned 24.9% over the past year.

Return vs Market: PTM underperformed the Australian Market which returned 21.1% over the past year.

Price Volatility

Is PTM's price volatile compared to industry and market?
PTM volatility
PTM Beta1.42
Industry Beta0.99
Market Beta1

Stable Share Price: PTM is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PTM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aAndrew Cliffordhttps://www.platinum.com.au

Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. The firm launches and manages equity mutual funds for its clients.

Platinum Investment Management Fundamentals Summary

How do Platinum Investment Management's earnings and revenue compare to its market cap?
PTM fundamental statistics
Market CapAU$1.78b
Earnings (TTM)AU$163.26m
Revenue (TTM)AU$317.15m

10.9x

P/E Ratio

5.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTM income statement (TTM)
RevenueAU$317.15m
Cost of RevenueAU$50.81m
Gross ProfitAU$266.34m
ExpensesAU$103.08m
EarningsAU$163.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin83.98%
Net Profit Margin51.48%
Debt/Equity Ratio0%

How did PTM perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

85%

Payout Ratio

Valuation

Is Platinum Investment Management undervalued compared to its fair value and its price relative to the market?

43.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PTM (A$3.08) is trading below our estimate of fair value (A$5.44)

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


Price To Earnings Ratio

PE vs Industry: PTM is good value based on its PE Ratio (10.9x) compared to the Australian Capital Markets industry average (17.5x).

PE vs Market: PTM is good value based on its PE Ratio (10.9x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: PTM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PTM is overvalued based on its PB Ratio (5.2x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Platinum Investment Management forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTM's earnings are forecast to decline over the next 3 years (-2.8% per year).

Earnings vs Market: PTM's earnings are forecast to decline over the next 3 years (-2.8% per year).

High Growth Earnings: PTM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PTM's revenue is expected to decline over the next 3 years (-4.6% per year).

High Growth Revenue: PTM's revenue is forecast to decline over the next 3 years (-4.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PTM's Return on Equity is forecast to be high in 3 years time (37.1%)


Past Performance

How has Platinum Investment Management performed over the past 5 years?

-4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTM has high quality earnings.

Growing Profit Margin: PTM's current net profit margins (51.5%) are lower than last year (52.4%).


Past Earnings Growth Analysis

Earnings Trend: PTM's earnings have declined by 4.3% per year over the past 5 years.

Accelerating Growth: PTM's earnings growth over the past year (4.9%) exceeds its 5-year average (-4.3% per year).

Earnings vs Industry: PTM earnings growth over the past year (4.9%) underperformed the Capital Markets industry 12.8%.


Return on Equity

High ROE: PTM's Return on Equity (47.7%) is considered outstanding.


Financial Health

How is Platinum Investment Management's financial position?


Financial Position Analysis

Short Term Liabilities: PTM's short term assets (A$220.8M) exceed its short term liabilities (A$21.8M).

Long Term Liabilities: PTM's short term assets (A$220.8M) exceed its long term liabilities (A$18.5M).


Debt to Equity History and Analysis

Debt Level: PTM is debt free.

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

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

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


Balance Sheet


Dividend

What is Platinum Investment Management current dividend yield, its reliability and sustainability?

7.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PTM's dividend (7.79%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: PTM's dividend (7.79%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: PTM's dividends per share have been stable in the past 10 years.

Growing Dividend: PTM's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.2%), PTM's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PTM's dividends in 3 years are not forecast to be well covered by earnings (98.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Andrew Clifford (55 yo)

3.25yrs

Tenure

AU$733,782

Compensation

Mr. Andrew McRae Clifford, BCom Hons (UNSW), Dip (FINSIA) has been Executive Director of Platinum Investment Management Limited since May 8, 2013 and has been its Managing Director and Chief Executive Offi...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD549.53K) is below average for companies of similar size in the Australian market ($USD1.42M).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PTM's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: PTM's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Platinum Investment Management Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Platinum Investment Management Limited
  • Ticker: PTM
  • Exchange: ASX
  • Founded: 1994
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$1.783b
  • Shares outstanding: 578.81m
  • Website: https://www.platinum.com.au

Number of Employees


Location

  • Platinum Investment Management Limited
  • Level 8
  • 7 Macquarie Place
  • 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 Analysis2021/10/21 18:05
End of Day Share Price2021/10/21 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.