Platinum Investment Management
Market Cap
AU$2.7b
Last Updated
2021/02/25 07:14 UTC
Data Sources
Company Financials +
Executive Summary
Platinum Asset Management is a publicly owned hedge fund sponsor. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.4% per year for the next 3 years
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
| PTM | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.0% | -1.2% | -1.6% |
| 30 Day | 21.9% | 0.4% | -0.9% |
| 90 Day | 22.5% | -0.8% | 3.9% |
| 1 Year | 29.8%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 Year | 0.7%-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
2 weeks ago | Simply Wall St
Platinum Investment Management's (ASX:PTM) Stock Price Has Reduced 45% In The Past Three Years1 month ago | Simply Wall St
Is Platinum Investment Management Limited (ASX:PTM) A Smart Choice For Dividend Investors?1 month ago | Simply Wall St
How Should Investors React To Platinum Investment Management's (ASX:PTM) CEO Pay?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
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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).
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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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 2.58yrs | AU$651.09k | 6.53% A$ 175.5m | |
| Co-Founder | 7.75yrs | AU$1.52m | 0.13% A$ 3.6m | |
| CFO, Finance Director & Executive Director | 5.5yrs | AU$969.34k | no data | |
| CO-Founder & Investment Analyst | no data | no data | no data | |
| Operations Manager | 10.08yrs | no data | no data | |
| Head of Technology | 7.5yrs | no data | no data | |
| Chief Compliance Officer | 5.25yrs | no data | no data | |
| Group Company Secretary & General Counsel | 4.33yrs | no data | no data | |
| Human Resources Manager | 3.83yrs | no data | no data | |
| Head of Quant | no data | no data | no data | |
| Head of Trading | no data | no data | no data | |
| Head of Registry Operations | 1.25yrs | no data | no data |
4.8yrs
Average Tenure
53yo
Average Age
Experienced Management: PTM's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 2.58yrs | AU$651.09k | 6.53% A$ 175.5m | |
| Co-Founder | 7.75yrs | AU$1.52m | 0.13% A$ 3.6m | |
| CFO, Finance Director & Executive Director | 5.5yrs | AU$969.34k | no data | |
| Independent Non-Executive Director | 2.92yrs | AU$175.20k | 0.0072% A$ 193.3k | |
| Independent Non-Executive Director | 2.5yrs | AU$175.20k | 0.0033% A$ 87.7k | |
| Founder & Non-Executive Director | 27.58yrs | AU$458.19k | 21.75% A$ 584.8m | |
| Non-Executive Chairman | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 5.92yrs | AU$191.63k | 0.0069% A$ 185.5k | |
| Independent Non-Executive Director | 4.42yrs | AU$191.63k | 0.0038% A$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PTM | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2007 |
| PTM | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2007 |
| PIJ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/25 07:14 |
| End of Day Share Price | 2021/02/25 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.