PERPETUAL LIMITED (PPT)
Share Price Analysis and Chart

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PPT - PERPETUAL LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 3.27
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

$25.35

07 Dec
2023

1.590

OPEN

$25.41

6.69%

HIGH

$26.50

1,353,669

LOW

$25.09

TARGET
$26.54 4.7% upside
Franking for last dividend paid out: 40%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IRE . JHG . KAM . KSL . LNK . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
PPT: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 73.2 203.0 xxx
DPS (cps) xxx 155.0 153.8 xxx
EPS Growth xxx - 59.2% 100.0% xxx
DPS Growth xxx - 25.8% - 0.8% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 211.7% 75.8% xxx

Dividend yield today if purchased 3 years ago: 4.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.03

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: 07/09 - ex-div 65c (franking 40%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx73.2
DPS All xxxxxxxxxxxxxxx155.0
Sales/Revenue xxxxxxxxxxxxxxx1,011.8 M
Book Value Per Share xxxxxxxxxxxxxxx2,171.3
Net Operating Cash Flow xxxxxxxxxxxxxxx134.8 M
Net Profit Margin xxxxxxxxxxxxxxx5.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx3.58 %
Return on Invested Capital xxxxxxxxxxxxxxx2.67 %
Return on Assets xxxxxxxxxxxxxxx2.07 %
Return on Equity xxxxxxxxxxxxxxx3.58 %
Return on Total Capital xxxxxxxxxxxxxxx7.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-22.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx806 M
Total Debt xxxxxxxxxxxxxxx825 M
Goodwill - Gross xxxxxxxxxxxxxxx1,580 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx427 M
Price To Book Value xxxxxxxxxxxxxxx1.19

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx25.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx133 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx710 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx291 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

07/12/2023

1

Overweight

$28.00

10.45%

Just prior to WH Soul Pattinson ((SOL)) lobbing its indicative offer to acquire all of Perpetual's shares, Morgan Stanley generated a research note on Perpetual's strategic review.

The review was of the Corporate Trust and Private Wealth divisions, which implied to the broker the Asset Management business could be separated from these divisions.

While the analysts believed a de-merger would be more simple from a gains on sale tax perspective, it was felt the review could unlock upside.

Overweight. Target $28. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 166.00 cents and EPS of 230.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 189.00 cents and EPS of 263.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

PPT STOCK CHART

FNArena News on PPT

1
Perpetual Motion

Dec 07 2023 - Australia
2
Australian Broker Call *Extra* Edition – Oct 20, 2023

Oct 20 2023 - Daily Market Reports
3
Perpetual Is The Better Choice, Analysts Say

Oct 17 2023 - Australia
4
Rudi’s View: CSL, ResMed, Domino’s Pizza, Helloworld, Iress and Liontown

Oct 11 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 31, 2023

Aug 31 2023 - Daily Market Reports

Latest Wealth Management & Investments News

1
Perpetual Motion

Dec 07 2023 - Australia
2
Australian Listed Investment Company Report – December 2023

Dec 06 2023 - Australia
3
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer

Nov 29 2023 - SMSFundamentals
4
Australian Listed Investment Company Report November 2023

Nov 02 2023 - Australia
5
Australian Listed Investment Company Report

Oct 17 2023 - Australia
6
Perpetual Is The Better Choice, Analysts Say

Oct 17 2023 - Australia
7
Treasure Chest: MA Financial, Mini Macquarie?

Oct 11 2023 - Treasure Chest
8
SMSFundamentals: ETFs Killing It In Tough Times

Jul 24 2023 - SMSFundamentals
9
Magellan Financial’s June Funds Surprise

Jul 13 2023 - Australia
10
GQG Partners Continues To Outperform ASX Peers

Jul 13 2023 - Australia