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

PAC is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (42x).

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

PAC is good value based on its Price-To-Earnings Ratio (5.6x) compared to the Australian Capital Markets industry average (20.6x).

What is PAC'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.

PAC is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (7x).

What is the Fair Price of PAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate PAC's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

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

PAC Stock Overview

Engages in multi-boutique asset management business worldwide. More details

PAC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (5.6x) is below the Australian market (20x)

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 44.5% per year for the next 3 years

Dividend of 3.21% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Pacific Current Group Limited Competitors

Hearts and Minds Investments

ASX:HM1

AU$709.8m

MA Financial Group

ASX:MAF

AU$997.0m

Mirrabooka Investments

ASX:MIR

AU$654.6m

Australian Ethical Investment

ASX:AEF

AU$606.8m

Price History & Performance

Summary of share price highs, lows and changes for Pacific Current Group
Historical stock prices
Current Share Price	AU$11.90
52 Week High	AU$12.02
52 Week Low	AU$8.60
Beta	0.75
1 Month Change	9.98%
3 Month Change	12.05%
1 Year Change	37.25%
3 Year Change	59.52%
5 Year Change	89.79%
Change since IPO	51.11%

Recent updates

Shareholder Returns

	PAC	AU Capital Markets	AU Market
7D	0.4%	0.3%	0.5%
1Y	37.3%	21.4%	7.4%

Return vs Industry: PAC exceeded the Australian Capital Markets industry which returned 21.4% over the past year.

Return vs Market: PAC exceeded the Australian Market which returned 7.4% over the past year.

Price Volatility

Is PAC's price volatile compared to industry and market?
PAC volatility
PAC Average Weekly Movement	2.5%
Capital Markets Industry Average Movement	3.9%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.9%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: PAC has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: PAC's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	7	Michael Clarke	www.paccurrent.com

Pacific Current Group Limited engages in multi-boutique asset management business worldwide. It manages assets for institutional and individual clients. The company was formerly known as Treasury Group Ltd and changed its name to Pacific Current Group Limited in October 2015.

Pacific Current Group Limited Fundamentals Summary

How do Pacific Current Group's earnings and revenue compare to its market cap?
PAC fundamental statistics
Market cap	AU$618.54m
Earnings (TTM)	AU$110.08m
Revenue (TTM)	AU$208.84m

5.6x

P/E Ratio

3.0x

P/S Ratio

Is PAC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAC income statement (TTM)
Revenue	AU$208.84m
Cost of Revenue	AU$20.14m
Gross Profit	AU$188.70m
Other Expenses	AU$78.62m
Earnings	AU$110.08m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.11
Gross Margin	90.36%
Net Profit Margin	52.71%
Debt/Equity Ratio	9.9%

How did PAC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

18%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 12:52
End of Day Share Price	2024/12/31 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Pacific Current Group Limited is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	Barclay Pearce Capital Pty Limited
April Lowis	Barrenjoey Markets Pty Limited
Nicholas McGarrigle	Barrenjoey Markets Pty Limited

PAC Stock Overview

Rewards

Risk Analysis

Pacific Current Group Limited Competitors

ASX:HM1

AU$709.8m

ASX:MAF

AU$997.0m

ASX:MIR

AU$654.6m

ASX:AEF

AU$606.8m

Price History & Performance

Recent News & Updates

Less than half of directors are independent

Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others.

Final dividend of AU$0.23 announced

Full year 2024 earnings released: EPS: AU$2.13 (vs AU$0.31 loss in FY 2023)

New major risk - Revenue and earnings growth

GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).

Recent updates

Less than half of directors are independent

Abacus Life, Inc. (NasdaqCM:ABL) completed the acquisition of Carlisle Management Company from Pacific Current Group Limited (ASX:PAC), Jose Esteban Casares and others.

Final dividend of AU$0.23 announced

Full year 2024 earnings released: EPS: AU$2.13 (vs AU$0.31 loss in FY 2023)

New major risk - Revenue and earnings growth

GQG Partners Inc. (ASX:GQG) completed the acquisition of an unknown minority stake in Proterra Investment Partners and Cordillera Investment Partners and Avante Capital from Pacific Current Group Limited (ASX:PAC).

Upcoming dividend of AU$0.15 per share

First half 2024 earnings released: EPS: AU$0.23 (vs AU$0.20 loss in 1H 2023)

First half dividend of AU$0.15 announced

Less than half of directors are independent

Pacific Current Group Limited Appoints Michael Clarke as Non-Executive Director, Effective 14 February 2024

Pacific Current Group Limited, Annual General Meeting, Nov 15, 2024

Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023

Pacific Current Group Limited Announces the Retirement of Jeremiah (Jerry) Chafkin as Non-Executive Director, Effective 17 November 2023

GQG Partners Inc. (ASX:GQG) cancelled the acquisition of Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others

GQG Partners Inc. (ASX:GQG) agreed to acquire Pacific Current Group Limited (ASX:PAC) from River Capital Pty Ltd. and others for AUD570 million.

Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire 24.9% stake in Avante Capital Partners for $40 million.

Upcoming dividend of AU$0.23 per share at 3.4% yield

Full year 2023 earnings released: AU$0.31 loss per share (vs AU$0.69 loss in FY 2022)

Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of October 12, 2023

Regal Funds Management Pty Limited (ASX:RPL) entered into a confidential and non-binding indicative proposal to acquire Pacific Current Group Limited (ASX:PAC) for AUD 577 million.

Upcoming dividend of AU$0.15 per share at 5.5% yield

First half 2023 earnings released: AU$0.20 loss per share (vs AU$0.33 loss in 1H 2022)

Pacific Current Group Limited, Annual General Meeting, Nov 16, 2023

No independent directors

Upcoming dividend of AU$0.23 per share

Full year 2022 earnings released: AU$0.69 loss per share (vs AU$0.34 profit in FY 2021)

Pacific Current Group Limited Announces Dividend for the six months ended June 30, 2022, Payable on October 11, 2022

No independent directors

Non Executive Chairman of the Board recently bought AU$114k worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Pacific Current Group Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2021, Payable on April 14, 2022

Pacific Current Group Limited Declares Fully Franked Interim Dividend

Pacific Current Group Limited (ASX:PAC) acquired Banner Oak Capital Partners, LP for $40 million.

No independent directors

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.34 (vs AU$0.36 loss in FY 2020)

First half 2021 earnings released: EPS AU$0.23 (vs AU$0.19 loss in 1H 2020)

Pacific Current Group Limited to Report First Half, 2021 Results on Feb 26, 2021

Pacific Current Group Limited (ASX:PAC) entered into an agreement to acquire unknown minority stake in Astarte Capital Partners Llp for £4.4 million.

New 90-day high: AU$6.38

Pacific Current Group Limited Appoints Ashley Killick as Chief Financial Officer

New 90-day high: AU$6.35

Non Executive Chairman of the Board recently bought AU$58k worth of stock

MD, CEO recently bought AU$375k worth of stock

Full year earnings released - AU$0.36 loss per share

Full year earnings released - AU$0.36 loss per share

New 90-day high - AU$6.04

Shareholder Returns

Price Volatility

About the Company

Pacific Current Group Limited Fundamentals Summary

5.6x

3.0x

Earnings & Revenue

Dividends

3.2%

18%

Company Analysis and Financial Data Status