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Market Cap

AU$286.6m

Last Updated

2021/04/12 08:35 UTC

Data Sources

Company Financials +

Executive Summary

Pacific Current Group Limited engages in multi-boutique asset management business worldwide. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


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Share Price & News

How has Pacific Current Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

1.6%

PAC

2.1%

AU Capital Markets

2.6%

AU Market


1 Year Return

23.5%

PAC

34.5%

AU Capital Markets

37.1%

AU Market

Return vs Industry: PAC underperformed the Australian Capital Markets industry which returned 34.5% over the past year.

Return vs Market: PAC underperformed the Australian Market which returned 37.1% over the past year.


Shareholder returns

PACIndustryMarket
7 Day1.6%2.1%2.6%
30 Day2.6%3.6%3.3%
90 Day-11.8%4.9%4.6%
1 Year31.0%23.5%38.8%34.5%41.3%37.1%
3 Year11.8%-4.0%53.7%36.0%36.2%19.8%
5 Year46.8%21.7%117.9%74.9%67.4%34.6%

Long-Term Price Volatility Vs. Market

How volatile is Pacific Current Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pacific Current Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PAC (A$5.58) is trading below our estimate of fair value (A$11.64)

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


Price To Earnings Ratio

PE vs Industry: PAC is poor value based on its PE Ratio (94.5x) compared to the AU Capital Markets industry average (21.8x).

PE vs Market: PAC is poor value based on its PE Ratio (94.5x) compared to the Australian market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: PAC is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: PAC is good value based on its PB Ratio (0.7x) compared to the AU Capital Markets industry average (1.3x).


Future Growth

How is Pacific Current Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

33.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAC's forecast earnings growth (33.5% per year) is above the savings rate (2%).

Earnings vs Market: PAC's earnings (33.5% per year) are forecast to grow faster than the Australian market (15.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PAC's revenue (3.1% per year) is forecast to grow slower than the Australian market (5.8% per year).

High Growth Revenue: PAC's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAC's Return on Equity is forecast to be low in 3 years time (7.1%).


Past Performance

How has Pacific Current Group performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAC has a large one-off loss of A$26.2M impacting its December 31 2020 financial results.

Growing Profit Margin: PAC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PAC has become profitable over the past 5 years, growing earnings by 21.3% per year.

Accelerating Growth: PAC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-5%).


Return on Equity

High ROE: PAC's Return on Equity (1%) is considered low.


Financial Health

How is Pacific Current Group's financial position?


Financial Position Analysis

Short Term Liabilities: PAC's short term assets (A$46.5M) exceed its short term liabilities (A$16.1M).

Long Term Liabilities: PAC's short term assets (A$46.5M) exceed its long term liabilities (A$31.7M).


Debt to Equity History and Analysis

Debt Level: PAC is debt free.

Reducing Debt: PAC had no debt 5 years ago.

Debt Coverage: PAC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PAC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Pacific Current Group current dividend yield, its reliability and sustainability?

6.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PAC's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Australian market (1.99%).

High Dividend: PAC's dividend (6.21%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: PAC's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (586.2%), PAC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAC's dividends in 3 years are forecast to be covered by earnings (65.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Paul Greenwood

2.75yrs

Tenure

AU$2,237,693

Compensation

Mr. Paul Richard Greenwood, BA, CFA has been Chief Executive Officer of Pacific Current Group Limited since July 1, 2018, serves as its Global Chief Investment Officer and Executive Director since December...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.71M) is above average for companies of similar size in the Australian market ($USD480.02K).

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


Leadership Team

Experienced Management: PAC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: PAC's board of directors are considered experienced (6.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Pacific Current Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Current Group Limited
  • Ticker: PAC
  • Exchange: CHIA
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$286.613m
  • Shares outstanding: 50.82m
  • Website: https://www.paccurrent.com

Number of Employees


Location

  • Pacific Current Group Limited
  • Level 29
  • 259 George Street
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 08:35
End of Day Share Price2021/04/09 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.