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

PNI is good value based on its Price-To-Earnings Ratio (39.9x) compared to the peer average (47.8x).

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

PNI is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the Australian Capital Markets industry average (21.3x).

What is PNI'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.

PNI is expensive based on its Price-To-Earnings Ratio (39.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

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

PNI (A$24.6) is trading above our estimate of [[fair value]] (A$15.93)

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.

Pinnacle Investment Management Group (CHIA:PNI) - Stock Price, News & Analysis

PNI Stock Overview

Operates as an investment management company in Australia. More details

PNI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

Rewards

Earnings are forecast to grow 12.22% per year

Earnings grew by 78.2% over the past year

Risk Analysis

High level of non-cash earnings

Community vs My Fair Value

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Pinnacle Investment Management Group Limited Competitors

Argo Investments

ASX:ARG

AU$6.9b

GQG Partners

ASX:GQG

AU$7.2b

Netwealth Group

ASX:NWL

AU$7.7b

HMC Capital

ASX:HMC

AU$4.0b

Price History & Performance

Summary of share price highs, lows and changes for Pinnacle Investment Management Group
Historical stock prices
Current Share Price	AU$24.60
52 Week High	AU$27.04
52 Week Low	AU$10.33
Beta	1.76
1 Month Change	3.67%
3 Month Change	15.98%
1 Year Change	120.43%
3 Year Change	132.08%
5 Year Change	272.73%
Change since IPO	3,389.36%

Recent updates

Shareholder Returns

	PNI	AU Capital Markets	AU Market
7D	-3.9%	2.2%	0.5%
1Y	120.4%	22.1%	9.9%

Return vs Industry: PNI exceeded the Australian Capital Markets industry which returned 22.1% over the past year.

Return vs Market: PNI exceeded the Australian Market which returned 9.9% over the past year.

Price Volatility

Is PNI's price volatile compared to industry and market?
PNI volatility
PNI Average Weekly Movement	5.0%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	7.9%
10% most volatile stocks in AU Market	16.2%
10% least volatile stocks in AU Market	3.1%

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

Volatility Over Time: PNI's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1895	n/a	Ian Macoun	www.pinnacleinvestment.com

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts.

Pinnacle Investment Management Group Limited Fundamentals Summary

How do Pinnacle Investment Management Group's earnings and revenue compare to its market cap?
PNI fundamental statistics
Market cap	AU$5.42b
Earnings (TTM)	AU$135.83m
Revenue (TTM)	AU$52.95m

39.9x

P/E Ratio

102.4x

P/S Ratio

Is PNI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PNI income statement (TTM)
Revenue	AU$52.95m
Cost of Revenue	AU$43.48m
Gross Profit	AU$9.47m
Other Expenses	-AU$126.36m
Earnings	AU$135.83m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.62
Gross Margin	17.88%
Net Profit Margin	256.54%
Debt/Equity Ratio	10.8%

How did PNI perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

88%

Payout Ratio

Does PNI pay a reliable dividends?

See PNI dividend history and benchmarks

When do you need to buy PNI by to receive an upcoming dividend?
Pinnacle Investment Management Group dividend dates
Ex Dividend Date	Mar 06 2025
Dividend Pay Date	Mar 21 2025
Days until Ex dividend	18 days
Days until Dividend pay date	33 days

Does PNI pay a reliable dividends?

See PNI dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/16 06:50
End of Day Share Price	2025/02/14 00:00
Earnings	2024/12/31
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.

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 Github.

Analyst Sources

Pinnacle Investment Management Group Limited is covered by 11 analysts. 8 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
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Scott Murdoch	CGS International
Thiva Nagaratnam	CLSA

PNI Stock Overview

Rewards

Risk Analysis

Pinnacle Investment Management Group Limited Competitors

ASX:ARG

AU$6.9b

ASX:GQG

AU$7.2b

ASX:NWL

AU$7.7b

ASX:HMC

AU$4.0b

Price History & Performance

Recent News & Updates

Pinnacle Investment Management Group Limited (ASX:PNI) announces an Equity Buyback for 15,000 shares, representing 0.006619% for AUD 0.3 million.

First half dividend increased to AU$0.33

First half 2025 earnings released: EPS: AU$0.37 (vs AU$0.15 in 1H 2024)

Pinnacle Investment Management Group Limited (ASX:PNI) reached an agreement to acquire 22.50% stake in VSS Holdings LLC for $60.5 million.

Pinnacle Investment Management Group Limited has completed a Follow-on Equity Offering in the amount of AUD 400.00001 million.

Pinnacle Investment Management Group Limited has filed a Follow-on Equity Offering in the amount of AUD 25.000018 million.

Recent updates

Pinnacle Investment Management Group Limited (ASX:PNI) announces an Equity Buyback for 15,000 shares, representing 0.006619% for AUD 0.3 million.

First half dividend increased to AU$0.33

First half 2025 earnings released: EPS: AU$0.37 (vs AU$0.15 in 1H 2024)

Pinnacle Investment Management Group Limited (ASX:PNI) reached an agreement to acquire 22.50% stake in VSS Holdings LLC for $60.5 million.

Pinnacle Investment Management Group Limited has completed a Follow-on Equity Offering in the amount of AUD 400.00001 million.

Pinnacle Investment Management Group Limited has filed a Follow-on Equity Offering in the amount of AUD 25.000018 million.

Now 24% overvalued after recent price rise

Now 20% overvalued after recent price rise

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 25, 2024

Upcoming dividend of AU$0.074 per share

Final dividend of AU$0.074 announced

Full year 2024 earnings released: EPS: AU$0.46 (vs AU$0.39 in FY 2023)

Now 24% overvalued after recent price rise

Upcoming dividend of AU$0.16 per share

First half dividend of AU$0.16 announced

First half 2024 earnings released: EPS: AU$0.15 (vs AU$0.16 in 1H 2023)

Pinnacle Investment Management Group Limited to Report Q2, 2024 Results on Feb 01, 2024

Now 20% undervalued after recent price drop

Upcoming dividend of AU$0.20 per share at 3.8% yield

Full year 2023 earnings released: EPS: AU$0.39 (vs AU$0.40 in FY 2022)

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 27, 2023

Upcoming dividend of AU$0.16 per share at 3.3% yield

Pinnacle Investment Management Group Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on March 17, 2023

First half 2023 earnings released: EPS: AU$0.16 (vs AU$0.21 in 1H 2022)

Pinnacle Investment Management Group Limited (ASX:PNI) announces an Equity Buyback for 50,000 shares, representing 0.02% for AUD 0.43 million.

Investor sentiment improved over the past week

Pinnacle Investment Management Group Limited Announces the Retirement of Gerard Bradley AO as Director, Effective 1 January 2023

Insufficient new directors

Pinnacle Investment Management Group Limited Announces the Retirement of Gerard Bradley as Non-Executive Director

Pinnacle Investment Management Group Limited Announces Retirement of Adrian Whittingham as Director

Upcoming dividend of AU$0.17 per share

Pinnacle Investment Management Group Limited, Annual General Meeting, Oct 27, 2022

Full year 2022 earnings released: EPS: AU$0.40 (vs AU$0.38 in FY 2021)

Pinnacle Investment Management Group Limited Announces Final Dividend for the Year 2022, Payable on September 16, 2022

Investor sentiment improved over the past week

Pinnacle Investment Management Group Limited to Report Q4, 2022 Results on Aug 03, 2022

Insufficient new directors

Upcoming dividend of AU$0.17 per share

Now 22% undervalued after recent price drop

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Pinnacle Investment Management Group Limited Declares Interim Dividend the Half Year Ended 31 December 2021, Payable on 18 March 2022

Now 20% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Pinnacle Investment Management Group Limited (ASX:PNI) acquired 25% stake in Five V Capital.

Non-executive Independent Chairman recently bought AU$97k worth of stock

Non-executive Independent Chairman recently bought AU$97k worth of stock

Pinnacle Investment Management Group Limited announced that it has received AUD 105.21 million in funding

Investor sentiment deteriorated over the past week

Upcoming dividend of AU$0.17 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.38 (vs AU$0.19 in FY 2020)

Executive Director recently sold AU$2.9m worth of stock

Pinnacle Investment Management Group Limited Announces Dividend for the Six Months Ended December 31, 2020, Payable on March 19, 2021

Board Member recently sold AU$4.9m worth of stock

New 90-day high: AU$9.83

Investor sentiment improved over the past week

Revenue beats expectations

First half 2021 earnings released: EPS AU$0.17 (vs AU$0.081 in 1H 2020)

New 90-day high: AU$7.54