PLATINUM ASSET MANAGEMENT LIMITED (PTM)
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PTM - PLATINUM ASSET MANAGEMENT LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.03
Index: ASX300 | ALL-ORDS

Platinum Asset Management is an Australian fund manager focussing on international equity investments. It has been listed since 2007. Founder Kerr Neilson, sometimes referred to as the Australian Warren Buffett, officially left the business in August 2020.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.13

25 Apr
2024

0.000

OPEN

$1.13

0.000

HIGH

$1.13

0

LOW

$1.13

TARGET
$1.104 -2.3% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PTM: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 11.2 xxx
DPS (cps) xxx N/A 11.6 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.5 xxx
Dividend Yield xxx N/A 10.8% xxx
Div Pay Ratio(%) xxx N/A 103.2% xxx

Dividend yield today if purchased 3 years ago: 2.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 13.08

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: 07/03 - ex-div 6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx14.1
DPS All xxxxxxxxxxxxxxx14.0
Sales/Revenue xxxxxxxxxxxxxxx211.1 M
Book Value Per Share xxxxxxxxxxxxxxx57.7
Net Operating Cash Flow xxxxxxxxxxxxxxx90.6 M
Net Profit Margin xxxxxxxxxxxxxxx38.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx24.81 %
Return on Invested Capital xxxxxxxxxxxxxxx24.65 %
Return on Assets xxxxxxxxxxxxxxx22.88 %
Return on Equity xxxxxxxxxxxxxxx24.81 %
Return on Total Capital xxxxxxxxxxxxxxx34.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx9.9 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 xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx186 M
Price To Book Value xxxxxxxxxxxxxxx3.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx8 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx88 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx62 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

-0.2

No. Of Recommendations

5
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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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

04/03/2024

5

Underweight

$1.12

-0.88%

Morgan Stanley lowers its target for Platinum Asset Management to $1.12 from $1.30 due to lower revenue forecasts across FY24-26.

The broker is concerned the current rate of outflows (circa -20% 1H annualised) remains elevated. It's also felt the new CEO will need time to pivot to a new strategy.

The analyst will be monitoring any improvement in three and five year performance statistics across Platinum's key funds as a guide to momentum on flows.

Underweight. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 15.00 cents and EPS of 12.80 cents.
Morgan Stanley forecasts a full year FY25 EPS of 11.20 cents.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

PTM STOCK CHART

FNArena News on PTM

1
Australian Listed Investment Company Report – April 2024

Apr 08 2024 - Australia
2
Australian Broker Call *Extra* Edition – Apr 08, 2024

Apr 08 2024 - Daily Market Reports
3
March In Review: Fifth Month Of Market Gains

Apr 04 2024 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 28-03-24

Apr 02 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Mar 28, 2024

Mar 28 2024 - Daily Market Reports

Latest Wealth Management & Investments News

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Apr 23 2024 - Weekly Reports
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Apr 17 2024 - Australia
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Apr 09 2024 - Weekly Reports
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Australian Listed Investment Company Report – April 2024

Apr 08 2024 - Australia
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Weekly Update On LICs & LITs – 03-Apr-2024

Apr 03 2024 - Weekly Reports
7
Weekly Update On LICs & LITs – 19 March 2024

Mar 19 2024 - Weekly Reports
8
Weekly Update On LICs & LITs – 12 March 2024

Mar 12 2024 - Weekly Reports
9
Australian Listed Investment Company Report

Mar 07 2024 - Australia
10
Monthly Listed Investment Trust Report – Feb 2024

Feb 07 2024 - Australia