Platinum Investment Management Limited

ASX:PTM Stock Report

Market Cap: AU$386.6m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Platinum Investment Management Valuation

Is PTM 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 PTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AU$1.96
Fair Value
64.5% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: PTM (A$0.7) is trading below our estimate of fair value (A$1.96)

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

Key Valuation Metric

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

Key metric: As PTM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PTM. This is calculated by dividing PTM's market cap by their current earnings.
What is PTM's PE Ratio?
PE Ratio61.7x
EarningsAU$6.27m
Market CapAU$386.57m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.3x
AMH AMCIL
49.6xn/aAU$331.0m
FID Fiducian Group
19.1xn/aAU$355.1m
WHI Whitefield Income
28xn/aAU$219.6m
DJW Djerriwarrh Investments
20.5xn/aAU$801.7m
PTM Platinum Investment Management
61.7x17.50%AU$386.6m

Price-To-Earnings vs Peers: PTM is expensive based on its Price-To-Earnings Ratio (61.7x) compared to the peer average (31.3x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BPH BPH Energy
1.8xn/aUS$7.92m
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
2.4xn/aUS$2.02m
QUE Queste Communications
2.1xn/aUS$983.68k
PTM 61.7xIndustry Avg. 22.2xNo. of Companies8PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PTM is expensive based on its Price-To-Earnings Ratio (61.7x) compared to the Australian Capital Markets industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is PTM'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.

PTM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio61.7x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: PTM is expensive based on its Price-To-Earnings Ratio (61.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

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 PTM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
AU$0.75
0%
6.37%AU$0.80AU$0.70n/a4
Nov ’26n/a
AU$0.75
0%
6.37%AU$0.80AU$0.70n/a4
Oct ’26AU$0.67
AU$0.75
+11.57%
6.37%AU$0.80AU$0.70n/a4
Sep ’26AU$0.78
AU$0.66
-15.71%
15.52%AU$0.80AU$0.53n/a4
Aug ’26AU$0.66
AU$0.54
-17.88%
6.11%AU$0.60AU$0.50n/a5
Jul ’26AU$0.46
AU$0.52
+12.68%
6.44%AU$0.56AU$0.47n/a6
Jun ’26AU$0.55
AU$0.53
-3.38%
4.32%AU$0.56AU$0.50n/a7
May ’26AU$0.64
AU$0.54
-14.51%
6.66%AU$0.60AU$0.50n/a7
Apr ’26AU$0.56
AU$0.67
+18.88%
10.43%AU$0.80AU$0.57n/a7
Mar ’26AU$0.57
AU$0.67
+15.78%
10.43%AU$0.80AU$0.57n/a7
Feb ’26AU$0.68
AU$0.70
+2.94%
10.10%AU$0.80AU$0.59n/a8
Jan ’26AU$0.69
AU$0.80
+15.22%
10.89%AU$0.92AU$0.64n/a8
Dec ’25AU$1.06
AU$1.03
-2.64%
10.14%AU$1.21AU$0.91n/a7
Nov ’25AU$1.24
AU$1.02
-17.41%
9.86%AU$1.21AU$0.91n/a7
Oct ’25AU$1.20
AU$1.05
-12.19%
13.88%AU$1.36AU$0.90AU$0.678
Sep ’25AU$0.99
AU$1.02
+2.40%
13.27%AU$1.36AU$0.90AU$0.789
Aug ’25AU$1.07
AU$1.02
-4.58%
13.24%AU$1.36AU$0.85AU$0.6610
Jul ’25AU$1.06
AU$1.08
+1.98%
11.75%AU$1.36AU$0.90AU$0.4610
Jun ’25AU$1.02
AU$1.08
+5.98%
11.75%AU$1.36AU$0.90AU$0.5510
May ’25AU$1.08
AU$1.10
+1.94%
10.93%AU$1.36AU$0.98AU$0.6410
Apr ’25AU$1.08
AU$1.08
0%
12.89%AU$1.36AU$0.80AU$0.5612
Mar ’25AU$1.20
AU$1.12
-6.29%
25.03%AU$1.90AU$0.80AU$0.5711
Feb ’25AU$1.16
AU$1.16
0%
23.43%AU$1.90AU$0.84AU$0.6811
Jan ’25AU$1.33
AU$1.18
-11.14%
22.08%AU$1.90AU$0.84AU$0.6911
Dec ’24AU$1.21
AU$1.18
-2.33%
22.08%AU$1.90AU$0.84AU$1.0611
Nov ’24AU$1.13
AU$1.20
+6.46%
22.08%AU$1.90AU$0.84AU$1.2410
AU$0.75
Fair Value
7.0% undervalued intrinsic discount
4
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/02 03:35
End of Day Share Price 2025/10/02 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Platinum Investment Management Limited is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marcus BarnardBell Potter
Andrew HillsCanaccord Genuity Historic (Wilsons Advisory and Stockbroking Ltd.
Anthony HooCLSA