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PTM · ASX

Platinum Asset Management Ltd (ASX:PTM)

AU$1.1

 0.03 (2.791%)
ASX:Live
23/04/2024 04:10:52 PM
HALO Yield HALO Small HALO Ords HALO Capital Efficiency HALO Balance Sheet +4
Consensus Score
/10
Recommend
Target Price
Deviation
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PTM Overview

PTM Health Scores

Short Term

Mean Revision

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Neutral

GARP

Neutral

MQV Small

Strong

Valuation

Value

Consensus

Momentum

Price

Neutral

Earnings

Neutral

Growth

Earnings

Very Strong

Dividends

Neutral

Quality

Capital Efficiency

Very Weak

Balance Sheet

Very Weak

About PTM

Telephone

Address

Description

Platinum Asset Management Ltd. is a non-operating holding company, which engages in the provision of financial services. It operates through the Funds Management; Investments and Other business segments. The Funds Management segment deals with investment vehicles. The Investments and Other segment includes foreign cash holdings, dollar term deposits, and trust funds. The company was founded by Kerr William Stepeh Neilson, Toby Harrop, Elizabeth Norman, and Andrew Mcrae Clifford in February 1994 and is headquartered in Sydney, Australia.

PTM Price Chart

Key Stats

Market Cap

AU$625.83M

PE

11.90

EV/EBITDA

7.2

Dividends Overview

DIV Yield

8.6%

Franking

100%

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 0.99 - 1.81

Trade Value (12mth)

AU$464,880.00

1 week

2.31%

1 month

-15.97%

YTD

-18.45%

1 year

-38.1%

All time high

9.5

Key Fundamentals

EPS 3 yr Growth

-47.300%

EBITDA Margin

55.60%

Operating Cashflow

$91m

Free Cash Flow Return

27.60%

ROIC

24.60%

Interest Coverage

1,128.40

Quick Ratio

0.00

Other Data

Shares on Issue (Fully Dilluted)

583m

HALO Sector

Next Company Report Date

28-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

0.28

PTM Announcements

Latest Announcements

Date Announcements

08 April 24

Funds Under Management - March 2024

×

Funds Under Management - March 2024

26 March 24

PTM turnaround program update

×

PTM turnaround program update

19 March 24

Appointment of Jeff Peters as Managing Director

×

Appointment of Jeff Peters as Managing Director

19 March 24

Appendix 3X - Initial Director's Interest Notice - J Peters

×

Appendix 3X - Initial Director's Interest Notice - J Peters

08 March 24

Update - Dividend/Distribution - PTM

×

Update - Dividend/Distribution - PTM

07 March 24

Funds Under Management - February 2024

×

Funds Under Management - February 2024

29 February 24

2024 Half-Year Financial Results

×

2024 Half-Year Financial Results

29 February 24

Dividend/Distribution - PTM

×

Dividend/Distribution - PTM

29 February 24

PTM announces turnaround is required and underway

×

PTM announces turnaround is required and underway

29 February 24

2024 Half Year Financial Results Analyst Briefing

×

2024 Half Year Financial Results Analyst Briefing

07 February 24

Funds Under Management - January 2024

×

Funds Under Management - January 2024

01 February 24

Update to Board Composition

×

Update to Board Composition

01 February 24

Final Director's Interest Notice - Andrew Clifford

×

Final Director's Interest Notice - Andrew Clifford

01 February 24

Final Director's Interest Notice - Elizabeth Norman

×

Final Director's Interest Notice - Elizabeth Norman

01 February 24

Final Director's Interest Notice - Andrew Stannard

×

Final Director's Interest Notice - Andrew Stannard

08 January 24

CEO Commencement Date

×

CEO Commencement Date

08 January 24

Funds Under Management - December 2023

×

Funds Under Management - December 2023

05 January 24

Notification regarding unquoted securities - PTM

×

Notification regarding unquoted securities - PTM

05 January 24

Notification of cessation of securities - PTM

×

Notification of cessation of securities - PTM

11 December 23

Appointment of CEO and Board Restructure

×

Appointment of CEO and Board Restructure

08 December 23

2024 Key Dates

×

2024 Key Dates

07 December 23

Funds Under Management - November 2023

×

Funds Under Management - November 2023

15 November 23

2023 PTM AGM Chair's address and slides

×

2023 PTM AGM Chair's address and slides

15 November 23

Results of 2023 Annual General Meeting

×

Results of 2023 Annual General Meeting

15 November 23

Appendix 3Z - Stephen Menzies

×

Appendix 3Z - Stephen Menzies

PTM Fundamentals

Per Share Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.28 0.18 0.14 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.28 0.17 0.14 Lock Lock Lock
     Growth % Lock Lock Lock Lock 5.3 -37.7 -19.6 Lock Lock Lock
     PE X Lock Lock Lock Lock 15.8 9.8 11.9 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 10.6 5.6 7.2 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.24 0.23 0.16 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.02 -0.00 0.02 Lock Lock Lock
     Growth % Lock Lock Lock Lock -9.0 -2.0 -32.8 Lock Lock Lock
     Yield % Lock Lock Lock Lock 0.4 -0.1 1.0 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.24 0.17 0.14 Lock Lock Lock
     Growth % Lock Lock Lock Lock 0.0 -29.2 -17.6 Lock Lock Lock
     Yield % Lock Lock Lock Lock 5.8 10.2 8.6 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 85 97 99 Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.59 0.56 0.58 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.59 0.56 0.58 Lock Lock Lock
     Growth % Lock Lock Lock Lock 7.5 -4.4 2.2 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 583 582 578 Lock Lock Lock
Basic m Lock Lock Lock Lock 580 579 574 Lock Lock Lock

Financial Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 272 257 211 Lock Lock Lock
     Growth % Lock Lock Lock Lock -6.0 -5.7 -17.8 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 24 33 22 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 260 245 203 Lock Lock Lock
     Growth % Lock Lock Lock Lock -5.5 -5.7 -17.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 95.3 95.3 96.0 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 5 5 4 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 207 168 117 Lock Lock Lock
     Growth % Lock Lock Lock Lock -4.9 -18.8 -30.0 Lock Lock Lock
     Margin % Lock Lock Lock Lock 75.8 65.3 55.6 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 3 3 3 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 203 165 115 Lock Lock Lock
     Growth % Lock Lock Lock Lock -4.8 -19.0 -30.5 Lock Lock Lock
     Margin % Lock Lock Lock Lock 74.7 64.2 54.3 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 203 165 115 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 71 45 36 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 163 101 81 Lock Lock Lock
     Growth % Lock Lock Lock Lock 4.9 -37.8 -20.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 59.9 39.5 38.3 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 145 127 91 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 0 0 0 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock 37 -42 0 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -142 -140 -92 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 144 127 90 Lock Lock Lock
     Growth % Lock Lock Lock Lock -0.3 -12.4 -28.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.5 0.5 0.4 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 71 70 73 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 193 177 186 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 384 353 354 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 5 3 1 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock -186 -172 -183 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 42 29 25 Lock Lock Lock
Equity $m Lock Lock Lock Lock 342 324 328 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 347 327 329 Lock Lock Lock
     Growth % Lock Lock Lock Lock 6.5 -5.9 0.8 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 42.5 28.8 22.8 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 47.7 31.4 24.6 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 60.1 48.6 34.7 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 48.5 30.1 24.6 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 42.9 37.6 27.6 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 1,048.9 1,103.2 1,128.4 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock -0.9 -1.0 -1.6 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock -54.4 -53.2 -55.7 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 9.3 9.7 8.2 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.7 0.7 0.6 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.7 0.7 0.6 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 74.6 64.1 54.3 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 52.9 46.7 32.3 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 34.9 27.5 31.4 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 42.5 28.8 22.8 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.1 1.1 1.1 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 47.7 31.4 24.6 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 14.8 3.1 0.7 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 7.1 1.0 0.2 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 39.2 37.5 44.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 39.2 37.5 44.3 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock N/A N/A 0.0 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 39.2 37.5 44.3 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

8.6%

Franking Level

100%

DPSg

-17.65%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.28%

Value ($M)

2

Prior Change

N/A

7 Day Change

0.10%

1 Month Change

0.20%

3 Month Change

-0.30%

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PTM Shortsell

Frequently Asked Questions

The current share price of Platinum Asset Management Ltd (PTM:ASX) is AU$1.1.
The 52-week high share price for Platinum Asset Management Ltd (PTM:ASX) is AU$1.81.
The 52-week low share price for Platinum Asset Management Ltd (PTM:ASX)? is AU$0.99.
The current TTM dividend payout for Platinum Asset Management Ltd (PTM:ASX) is 8.60.
The last dividend payment of Platinum Asset Management Ltd (PTM:ASX) is AU$0.06.
Platinum Asset Management Ltd (PTM:ASX) has a franking level of 100%.
Platinum Asset Management Ltd (PTM:ASX) is classified in the Other Finance.
The current P/E ratio for Platinum Asset Management Ltd (PTM:ASX) is 11.90.