Perpetual Future Growth

Future criteria checks 3/6

Perpetual is forecast to grow earnings and revenue by 60.2% and 2.8% per annum respectively. EPS is expected to grow by 64.5% per annum. Return on equity is forecast to be 13.4% in 3 years.

Key information

60.2%

Earnings growth rate

64.5%

EPS growth rate

Capital Markets earnings growth	12.2%
Revenue growth rate	2.8%
Future return on equity	13.4%
Analyst coverage	Good
Last updated	10 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

CHIA:PPT - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	1,458	205	286	298	8
6/30/2026	1,391	171	263	275	9
6/30/2025	1,362	144	260	259	7
6/30/2024	1,358	-472	265	296	N/A
3/31/2024	1,335	-203	227	258	N/A
12/31/2023	1,312	67	190	219	N/A
9/30/2023	1,173	63	150	177	N/A
6/30/2023	1,034	59	109	135	N/A
3/31/2023	897	64	112	134	N/A
12/31/2022	759	69	115	134	N/A
9/30/2022	754	85	135	152	N/A
6/30/2022	750	101	156	171	N/A
3/31/2022	750	103	138	153	N/A
12/31/2021	750	104	121	135	N/A
9/30/2021	701	89	114	128	N/A
6/30/2021	652	73	107	121	N/A
3/31/2021	587	66	98	113	N/A
12/31/2020	522	58	89	106	N/A
9/30/2020	507	70	113	128	N/A
6/30/2020	491	82	136	150	N/A
3/31/2020	505	95	139	151	N/A
12/31/2019	519	107	141	152	N/A
9/30/2019	519	112	127	142	N/A
6/30/2019	519	116	113	133	N/A
3/31/2019	522	124	124	146	N/A
12/31/2018	525	132	136	159	N/A
9/30/2018	532	136	132	152	N/A
6/30/2018	539	140	128	144	N/A
3/31/2018	537	140	N/A	145	N/A
12/31/2017	535	139	N/A	147	N/A
9/30/2017	528	138	N/A	153	N/A
6/30/2017	521	137	N/A	158	N/A
3/31/2017	520	135	N/A	154	N/A
12/31/2016	519	134	N/A	151	N/A
9/30/2016	513	133	N/A	150	N/A
6/30/2016	508	132	N/A	150	N/A
3/31/2016	504	130	N/A	137	N/A
12/31/2015	501	128	N/A	125	N/A
9/30/2015	506	125	N/A	127	N/A
6/30/2015	511	122	N/A	129	N/A
12/31/2014	500	104	N/A	116	N/A
9/30/2014	478	91	N/A	105	N/A
6/30/2014	456	79	N/A	95	N/A
12/31/2013	416	67	N/A	91	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: PPT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PPT is expected to become profitable in the next 3 years.

Revenue vs Market: PPT's revenue (2.8% per year) is forecast to grow slower than the Australian market (5.8% per year).

High Growth Revenue: PPT's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PPT's Return on Equity is forecast to be low in 3 years time (13.4%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 12:11
End of Day Share Price	2024/12/20 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

Perpetual Limited is covered by 23 analysts. 9 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
Marcus Barnard	Bell Potter
Lara Tufegdzic	BofA Global Research

Perpetual Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

High number of new directors

Perpetual Limited to Report First Half, 2025 Results on Feb 27, 2025

Perpetual Limited Announces Board Changes

Final dividend reduced to AU$0.53

Full year 2024 earnings released: AU$4.21 loss per share (vs AU$0.73 profit in FY 2023)

Perpetual Limited Announces Final Dividend, Payable on 4 October 2024

Perpetual Limited Announces Chief Executive Officer Changes

Perpetual Limited, Annual General Meeting, Oct 17, 2024

PYFA Australia Pty Ltd completed the acquisition of remaining 89.67% stake in Probiotec Limited (ASX:PBP).

KKR & Co. Inc. (NYSE:KKR) agreed to acquire Wealth Management and Corporate Trust businesses of Perpetual Limited (ASX:PPT) for AUD 2.1 billion

Perpetual Confirms Talks with KKR

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.65 per share

Perpetual Limited to Report Fiscal Year 2024 Results on Oct 31, 2024

Washington H. Soul Pattinson and Company Limited cancelled the acquisition of Perpetual Limited (ASX:PPT) for AUD 2.7 billion.

Perpetual Limited Announces Executive Changes

Perpetual Limited Announces Board Changes

Perpetual Limited to Report First Half, 2024 Results on Feb 23, 2024

Upcoming dividend of AU$0.65 per share at 5.7% yield

Perpetual Limited Announces Fully Franked Dividend for the Six Months Ended June 30, 2023, Payable on September 29, 2023

Full year 2023 earnings released: EPS: AU$0.73 (vs AU$1.80 in FY 2022)

Perpetual Limited Provides Executive Committee Update

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of AU$0.55 per share at 8.5% yield

First half 2023 earnings released: EPS: AU$0.47 (vs AU$1.05 in 1H 2022)

Perpetual Limited Announces Special Dividend for the Quarter Ended September 30, 2022, Payable on February 8, 2023

Perpetual Limited Announces Board Changes

Perpetual Limited (ASX:PPT) completed the acquisition of acquire Pendal Group Limited (ASX:PDL) from a group of shareholders.

Perpetual Limited Confirms Special Dividend, Payable on 8 February 2023

Perpetual Limited Resolves Special Dividend for the 3-Month Period Ending 30 September 2022, Payable on 8 February 2023

Perpetual Limited Announces Appointment of Pendal Directors to the Perpetual Board

Perpetual Limited, Annual General Meeting, Oct 19, 2023

Perpetual Limited Promotes Vince Pezzullo as Head of Equities Within Perpetual Asset Management Australia

Regal Partners Limited (ASX:RPL) and Morello Pte. Limited cancelled the acquisition of Perpetual Resources Limited (ASX:PEC).

Regal Partners Limited (ASX:RPL) and Morello Pte. Limited made an offer to acquire Perpetual Limited (ASX:PEC) for AUD 1.7 billion.

Investor sentiment improved over the past week

Independent Director recently bought AU$1.2m worth of stock

Upcoming dividend of AU$0.97 per share

Full year 2022 earnings released: EPS: AU$1.80 (vs AU$1.32 in FY 2021)

Perpetual Limited Announces Fully Franked Dividend for Six Months Ended June 30, 2022, Payable on September 30, 2022

Perpetual, Pendal Deal Likely After Weekend Talks

IGO Nickel Holdings Pty Ltd completed the acquisition of Western Areas Limited (ASX:WSA) from Perpetual Limited (ASX:PPT), Wyloo Consolidated Investments Pty Ltd and others.

Perpetual Limited, Annual General Meeting, Oct 20, 2022

Perpetual Limited (ASX:PPT) entered into non-binding indicative proposal to acquire Pendal Group Limited (ASX:PDL) from a group of shareholders for AUD 2.6 billion.

Upcoming dividend of AU$1.12 per share

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

Perpetual Limited Declares an Interim Ordinary Dividend for the Six Months Ended 31 December 2021, Payable on 1 April 2022

Perpetual Limited Announces the Resignation of Richard McCarthy as Director of the Responsible Entity

Perpetual and Barrow Hanley Launch Two Mutual Funds

Upcoming dividend of AU$0.96 per share

Full year 2021 earnings released: EPS AU$1.35 (vs AU$1.76 in FY 2020)

Perpetual Limited (ASX:PPT) acquired Jacaranda Financial Planning Pty Ltd.

Independent Director recently bought AU$102k worth of stock

Upcoming Dividend of AU$0.84 Per Share

Independent Non-Executive Director recently bought AU$120k worth of stock

First half 2021 earnings released: EPS AU$0.54 (vs AU$1.10 in 1H 2020)

New 90-day low: AU$31.50

Revenue beats expectations

New 90-day high: AU$36.23

New 90-day high: AU$35.96

New 90-day high: AU$33.05

Perpetual Limited to Report First Half, 2021 Results on Feb 18, 2021

Perpetual Limited, Annual General Meeting, Oct 21, 2021

New 90-day low: AU$27.57

Independent Director recently bought AU$112k worth of stock

New 90-day low: AU$27.81

Perpetual Limited has completed a Follow-on Equity Offering in the amount of AUD 51.51 million.

Perpetual Limited (ASX:PPT) entered into a definitive agreement to acquire 75.1% stake in Barrow, Hanley, Mewhinney & Strauss, Inc. from BrightSphere Investment Group Inc. (NYSE:BSIG) for approximately $320 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources