ASX:PTM

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Platinum Investment Management

Executive Summary

Platinum Asset Management is a publicly owned hedge fund sponsor. More Details


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Platinum Investment Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PTM is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PTM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

12.0%

PTM

-1.2%

AU Capital Markets

-1.6%

AU Market


1 Year Return

21.9%

PTM

-0.5%

AU Capital Markets

5.8%

AU Market

Return vs Industry: PTM exceeded the Australian Capital Markets industry which returned -3.2% over the past year.

Return vs Market: PTM exceeded the Australian Market which returned 4.4% over the past year.


Shareholder returns

PTMIndustryMarket
7 Day12.0%-1.2%-1.6%
30 Day21.9%0.4%-0.9%
90 Day22.5%-0.8%3.9%
1 Year29.8%21.9%2.8%-0.5%9.3%5.8%
3 Year-6.5%-19.5%35.2%19.3%28.5%13.0%
5 Year0.7%-22.2%79.7%46.2%66.2%33.9%

Long-Term Price Volatility Vs. Market

How volatile is Platinum Investment Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

5.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PTM (A$4.64) is trading below our estimate of fair value (A$5.15)

Significantly Below Fair Value: PTM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PTM is good value based on its PE Ratio (16.1x) compared to the AU Capital Markets industry average (24.2x).

PE vs Market: PTM is good value based on its PE Ratio (16.1x) compared to the Australian market (22.1x).


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 (8x) compared to the AU Capital Markets industry average (1.4x).


Next Steps

Future Growth

How is Platinum Investment Management forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-1.3%

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 (-0.4% per year).

Earnings vs Market: PTM's earnings are forecast to decline over the next 3 years (-0.4% per year).

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

Revenue vs Market: PTM's revenue (3.6% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: PTM's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PTM's Return on Equity is forecast to be very high in 3 years time (44.3%).


Next Steps

Past Performance

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

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTM has a high level of non-cash earnings.

Growing Profit Margin: PTM's current net profit margins (53.7%) are higher than last year (50.6%).


Past Earnings Growth Analysis

Earnings Trend: PTM's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: PTM's earnings growth over the past year (3.2%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: PTM earnings growth over the past year (3.2%) exceeded the Capital Markets industry -3%.


Return on Equity

High ROE: PTM's Return on Equity (49.7%) is considered outstanding.


Next Steps

Financial Health

How is Platinum Investment Management's financial position?


Financial Position Analysis

Short Term Liabilities: PTM's short term assets (A$187.4M) exceed its short term liabilities (A$27.2M).

Long Term Liabilities: PTM's short term assets (A$187.4M) exceed its long term liabilities (A$18.4M).


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


Next Steps

Dividend

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

4.85%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: PTM's dividend (5.17%) is higher than the bottom 25% of dividend payers in the Australian market (2.04%).

High Dividend: PTM's dividend (5.17%) is low compared to the top 25% of dividend payers in the Australian market (5.25%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (80%), 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 (98.2% 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 (54 yo)

2.58yrs

Tenure

AU$651,089

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD515.18K) is below average for companies of similar size in the Australian market ($USD1.30M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Clifford
Co-Founder2.58yrsAU$651.09k6.53%
A$ 175.5m
Elizabeth Norman
Co-Founder7.75yrsAU$1.52m0.13%
A$ 3.6m
Andrew Stannard
CFO, Finance Director & Executive Director5.5yrsAU$969.34kno data
Toby Harrop
CO-Founder & Investment Analystno datano datano data
Robert Sidoti
Operations Manager10.08yrsno datano data
Andy Kirwan
Head of Technology7.5yrsno datano data
Matthew Githens
Chief Compliance Officer5.25yrsno datano data
Joanne Jefferies
Group Company Secretary & General Counsel4.33yrsno datano data
Kelley Gibson
Human Resources Manager3.83yrsno datano data
Sava Mihic
Head of Quantno datano datano data
Ricardo Nemirovsky
Head of Tradingno datano datano data
Michael Jones
Head of Registry Operations1.25yrsno datano data

4.8yrs

Average Tenure

53yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Andrew Clifford
Co-Founder2.58yrsAU$651.09k6.53%
A$ 175.5m
Elizabeth Norman
Co-Founder7.75yrsAU$1.52m0.13%
A$ 3.6m
Andrew Stannard
CFO, Finance Director & Executive Director5.5yrsAU$969.34kno data
Brigitte Smith
Independent Non-Executive Director2.92yrsAU$175.20k0.0072%
A$ 193.3k
Timothy Trumper
Independent Non-Executive Director2.5yrsAU$175.20k0.0033%
A$ 87.7k
William Kerr Neilson
Founder & Non-Executive Director27.58yrsAU$458.19k21.75%
A$ 584.8m
Guy Strapp
Non-Executive Chairman0.25yrno datano data
Stephen Menzies
Independent Non-Executive Director5.92yrsAU$191.63k0.0069%
A$ 185.5k
Anne Loveridge
Independent Non-Executive Director4.42yrsAU$191.63k0.0038%
A$ 102.2k

5.5yrs

Average Tenure

59yo

Average Age

Experienced Board: PTM's board of directors are considered experienced (5.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Platinum Investment Management Limited's company bio, 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$2.689b
  • Shares outstanding: 579.48m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2007
PTMCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2007
PIJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2007

Biography

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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 07:14
End of Day Share Price2021/02/25 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.