Pacific Current Group Past Earnings Performance

Past criteria checks 2/6

Pacific Current Group has been growing earnings at an average annual rate of 22.4%, while the Capital Markets industry saw earnings growing at 6.8% annually. Revenues have been declining at an average rate of 0.2% per year. Pacific Current Group's return on equity is 18.4%, and it has net margins of 52.7%.

Key information

22.4%

Earnings growth rate

21.6%

EPS growth rate

Capital Markets Industry Growth	6.6%
Revenue growth rate	-0.2%
Return on equity	18.4%
Net Margin	52.7%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Pacific Current Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

CHIA:PAC Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	209	110	13
31 Mar 24	150	58	11
31 Dec 23	92	6	10
30 Sep 23	61	-5	10
30 Jun 23	31	-16	10
31 Mar 23	13	-22	10
31 Dec 22	-5	-29	10
30 Sep 22	-14	-32	9
30 Jun 22	-23	-35	9
31 Mar 22	-8	-23	8
31 Dec 21	6	-11	8
30 Sep 21	28	3	8
30 Jun 21	49	17	9
31 Mar 21	54	10	9
31 Dec 20	59	3	9
30 Sep 20	65	-7	11
30 Jun 20	72	-18	12
31 Mar 20	76	-18	14
31 Dec 19	80	-19	15
30 Sep 19	107	9	15
30 Jun 19	135	38	14
31 Mar 19	128	38	17
31 Dec 18	121	38	21
30 Sep 18	134	68	18
30 Jun 18	147	98	15
31 Mar 18	144	75	8
31 Dec 17	141	52	2
30 Sep 17	93	0	1
30 Jun 17	46	-52	1
31 Mar 17	39	-11	1
31 Dec 16	31	-34	1
30 Sep 16	18	-41	1
30 Jun 16	6	-48	0
31 Mar 16	9	-30	0
31 Dec 15	12	-11	0
30 Sep 15	109	62	0
30 Jun 15	206	136	0
31 Mar 15	202	144	0
31 Dec 14	199	152	1
30 Sep 14	101	82	1
30 Jun 14	3	13	1
31 Mar 14	2	8	0
31 Dec 13	1	3	0

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

Growing Profit Margin: PAC became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PAC's earnings have grown significantly by 22.4% per year over the past 5 years.

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 (15.6%).

Pacific Current Group Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

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

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

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

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

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

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

Recent updates

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

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Discover strong past performing companies