Platinum Investment Management Limited

ASX:PTM Stock Report

Market Cap: AU$594.1m

Platinum Investment Management Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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.

Below Fair Value: PTM (A$1.06) is trading below our estimate of fair value (A$1.35)

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 Ratio13.2x
EarningsAU$45.01m
Market CapAU$594.08m

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 Average34.7x
NGI Navigator Global Investments
7.9x5.8%AU$808.6m
DJW Djerriwarrh Investments
20.8xn/aAU$812.2m
MIR Mirrabooka Investments
62.5xn/aAU$670.2m
AEF Australian Ethical Investment
47.4xn/aAU$547.0m
PTM Platinum Investment Management
13.2x-2.5%AU$594.1m

Price-To-Earnings vs Peers: PTM is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (34.7x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
0.6xn/aUS$1.22m
QUE Queste Communications
0.8xn/aUS$864.09k
PEQA Pritchard Equity
2.7xn/aUS$861.02k
No more companies available in this PE range
PTM 13.2xIndustry Avg. 20.0xNo. of Companies8PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PTM is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Australian Capital Markets industry average (20x).

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 Ratio13.2x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: PTM is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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
CurrentAU$1.06
AU$1.03
-3.1%
10.1%AU$1.21AU$0.91n/a7
Nov ’25AU$1.24
AU$1.02
-17.4%
9.9%AU$1.21AU$0.91n/a7
Oct ’25AU$1.20
AU$1.05
-12.2%
13.9%AU$1.36AU$0.90n/a8
Sep ’25AU$0.99
AU$1.02
+2.4%
13.3%AU$1.36AU$0.90n/a9
Aug ’25AU$1.07
AU$1.02
-4.6%
13.2%AU$1.36AU$0.85n/a10
Jul ’25AU$1.06
AU$1.08
+2.0%
11.7%AU$1.36AU$0.90n/a10
Jun ’25AU$1.02
AU$1.08
+6.0%
11.7%AU$1.36AU$0.90n/a10
May ’25AU$1.08
AU$1.10
+1.9%
10.9%AU$1.36AU$0.98n/a10
Apr ’25AU$1.08
AU$1.08
0%
12.9%AU$1.36AU$0.80n/a12
Mar ’25AU$1.20
AU$1.12
-6.3%
25.0%AU$1.90AU$0.80n/a11
Feb ’25AU$1.16
AU$1.16
0%
23.4%AU$1.90AU$0.84n/a11
Jan ’25AU$1.33
AU$1.18
-11.1%
22.1%AU$1.90AU$0.84n/a11
Dec ’24AU$1.21
AU$1.18
-2.3%
22.1%AU$1.90AU$0.84n/a11
Nov ’24AU$1.13
AU$1.20
+6.5%
22.1%AU$1.90AU$0.84AU$1.2410
Oct ’24AU$1.30
AU$1.41
+8.1%
15.9%AU$1.90AU$1.00AU$1.2010
Sep ’24AU$1.42
AU$1.46
+2.5%
14.2%AU$1.90AU$1.00AU$0.9910
Aug ’24AU$1.61
AU$1.57
-2.6%
16.0%AU$2.10AU$1.05AU$1.0710
Jul ’24AU$1.74
AU$1.65
-5.2%
14.5%AU$2.10AU$1.15AU$1.0610
Jun ’24AU$1.72
AU$1.66
-3.5%
14.3%AU$2.10AU$1.15AU$1.0210
May ’24AU$1.79
AU$1.67
-6.5%
16.0%AU$2.25AU$1.15AU$1.0810
Apr ’24AU$1.72
AU$1.75
+1.8%
16.5%AU$2.25AU$1.15AU$1.0811
Mar ’24AU$1.93
AU$1.75
-8.9%
16.5%AU$2.25AU$1.15AU$1.2011
Feb ’24AU$2.13
AU$1.75
-17.7%
14.4%AU$2.25AU$1.30AU$1.1611
Jan ’24AU$1.79
AU$1.72
-3.9%
17.9%AU$2.40AU$1.20AU$1.3311
Dec ’23AU$1.81
AU$1.70
-6.0%
18.5%AU$2.40AU$1.20AU$1.2111
Nov ’23AU$1.85
AU$1.72
-7.0%
17.8%AU$2.40AU$1.20AU$1.1311

Analyst Forecast: Target price is lower than the current share price.

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