PERPETUAL LIMITED (PPT)
Share Price Analysis and Chart

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PPT - PERPETUAL LIMITED

Year End: June
GICS Industry Group : Diversified Financials
Index: ASX200 | ASX300 | ALL-ORDS

Perpetual is an Australian investment and trustee company providing investment products, superannuation financial advice and corporate services. The Perpetual Trustee Co was founded in 1886 and became a listed entity in 1964. Its core approach is based on 'value' investing.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$30.26

05 Mar
2021

-0.740

OPEN

$30.68

-2.39%

HIGH

$30.79

407,956

LOW

$30.11

TARGET
$35.493 17.3% upside
Franking for last dividend paid out: 100%
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MARKET CONSENSUS FORECAST
PPT: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 176.3 208.0 xxx
DPS (cps) xxx 155.0 175.0 xxx
EPS Growth xxx - 29.7% 18.0% xxx
DPS Growth xxx - 38.0% 12.9% xxx
PE Ratio xxx N/A 14.5 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 87.9% 84.1% xxx

Dividend yield today if purchased 3 years ago: 3.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.12

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/03 - 84c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

19/02/2021

3

Neutral

$33.50

10.71%

Following Perpetual's result the broker has increased FY21-23 forecast earnings, largely due to a lower tax rate. The dividend was better than expected, leading the broker to suggest the stock now looks more reasonable value, although franking will reduce.

The main issues are an elevated cost base and poor flow momentum. Management has further increased cost guidance in the second half, although an accounting change means the starting point is actually reduced, so it's not as bad as it seems, the broker notes.

Costs also reflect investment for the future. But until the International fund can turn its flows around, the broker cannot warm to the story. Neutral retained, target rises to $33.50 from $32.80.

FORECAST
Citi forecasts a full year FY21 dividend of 175.00 cents and EPS of 215.00 cents.
Citi forecasts a full year FY22 dividend of 190.00 cents and EPS of 244.00 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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PPT STOCK CHART