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Platinum Asset Management Ltd

Financial Services AU PTM

1.085AUD
0.005(0.46%)

Last update at 2024-05-02T06:10:00Z

Day Range

1.061.08
LowHigh

52 Week Range

0.941.64
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 116.77M 146.72M 234.21M 220.77M 222.90M
Minority interest - - - - -0.68500M
Net income 80.86M 101.49M 163.26M 155.61M 155.61M
Selling general administrative 69.70M 53.14M 51.20M 44.47M 45.55M
Selling and marketing expenses 7.84M 7.02M 6.03M 6.58M -
Gross profit 133.27M 199.84M 218.43M 240.97M 295.22M
Reconciled depreciation 2.73M 2.82M 3.20M 3.80M 0.74M
Ebit 107.88M 175.84M 196.80M 218.60M 231.55M
Ebitda 110.61M 178.66M 200.00M 222.39M 232.29M
Depreciation and amortization 2.73M 2.82M 3.20M 3.80M 0.74M
Non operating income net other - - - - -
Operating income 123.41M 157.16M 245.87M 231.94M 231.55M
Other operating expenses 100.17M 85.90M 82.74M 76.20M 63.67M
Interest expense 0.10M 0.15M 0.20M 0.24M 9.34M
Tax provision 35.91M 45.23M 70.95M 65.16M 64.56M
Interest income 6.21M 0.50M 0.54M 8.42M 4.70M
Net interest income 5.06M 0.35M 0.34M -0.23900M 3.54M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 35.91M 45.23M 70.95M 65.16M 64.56M
Total revenue 202.66M 252.67M 269.24M 284.98M 295.22M
Total operating expenses 94.78M 76.83M 72.44M 66.38M 63.67M
Cost of revenue 69.40M 52.83M 50.81M 44.01M 43.60M
Total other income expense net 3.83M -29.46700M 37.07M 0.70M -8.65300M
Discontinued operations - - - - -
Net income from continuing ops 80.86M 101.49M 163.26M 155.61M 158.34M
Net income applicable to common shares 80.85M 101.49M 163.26M 155.61M 157.65M
Preferred stock and other adjustments - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Total assets 350.98M 349.76M 382.27M 355.21M 344.14M
Intangible assets - - - - 1.32M
Earning assets - - - - -
Other current assets - - - - -
Total liab 21.45M 26.20M 40.25M 36.25M 23.05M
Total stockholder equity 328.17M 323.55M 342.02M 318.96M 321.09M
Deferred long term liab - - - - -
Other current liab 9.35M 11.90M 17.84M 18.07M 11.00M
Common stock 702.02M 706.60M 714.89M 718.00M 723.49M
Capital stock 702.02M 706.60M 714.89M 718.00M 723.49M
Retained earnings 177.59M 177.08M 202.97M 173.04M 174.46M
Other liab 3.91M 6.80M 13.23M 7.26M 6.66M
Good will - - - - -
Other assets 62.25M 43.31M 44.34M 27.63M 0.18M
Cash 86.18M 87.45M 143.28M 105.33M 112.95M
Cash and equivalents 86.18M 87.45M 143.28M 105.33M 112.95M
Total current liabilities 16.43M 16.16M 21.77M 21.90M 17.00M
Current deferred revenue -2.14100M -2.00500M -1.87100M -1.74400M -1.74400M
Net debt -82.93000M -82.19500M -136.16700M -96.50400M -104.11800M
Short term debt 2.14M 2.00M 1.87M 1.74M 1.74M
Short long term debt 2.14M 2.00M 1.87M 1.74M -
Short long term debt total 3.25M 5.25M 7.11M 8.83M 8.83M
Other stockholder equity -928.94400M -928.43700M -954.32000M -924.40000M -576.86300M
Property plant equipment 4.58M 6.95M 9.54M 12.06M 2.30M
Total current assets 212.46M 207.10M 220.76M 189.89M 222.75M
Long term investments 133.95M 135.71M 151.96M 152.65M 117.78M
Net tangible assets 328.17M 323.55M 342.02M 318.35M 319.77M
Short term investments 99.88M 89.88M 49.88M 49.88M 81.88M
Net receivables 24.98M 29.77M 27.61M 34.68M 27.92M
Long term debt 1.11M 3.25M 5.24M 7.08M -
Inventory - - - - -
Accounts payable 7.08M 4.25M 3.93M 3.83M 6.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -551.44000M -560.12300M -575.83400M -572.08200M -576.86300M
Additional paid in capital - - - - -
Common stock total equity - - - 718.00M 723.49M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - -36.46200M -33.35700M -27.86500M
Accumulated amortization - - - - -
Non currrent assets other -138.52400M -142.66300M -161.50600M -165.32100M 121.39M
Deferred long term asset charges - - - - -
Non current assets total 138.52M 142.66M 161.51M 165.32M 121.39M
Capital lease obligations - - - - -
Long term debt total 1.11M 3.25M 5.24M 7.08M 0.00000M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments 5.72M -38.36600M 36.82M 5.90M -110.19800M
Change to liabilities -0.53700M -5.85500M 8.22M -1.26000M -0.30100M
Total cashflows from investing activities 5.72M -38.36600M 40.78M 8.12M -105.70900M
Net borrowings -2.00600M -1.87300M -1.74400M -1.85500M -1.85500M
Total cash from financing activities -90.70900M -140.20100M -142.40700M -158.88200M -112.93100M
Change to operating activities 0.86M 0.54M 0.56M -0.07400M 0.81M
Net income 80.85M 101.49M 163.26M 155.61M 157.65M
Change in cash -1.26600M -55.82800M 37.94M -7.61400M -50.85200M
Begin period cash flow 87.45M 143.28M 105.33M 112.95M 163.80M
End period cash flow 86.18M 87.45M 143.28M 105.33M 112.95M
Total cash from operating activities 83.36M 122.66M 140.51M 150.83M 166.34M
Issuance of capital stock 1.35M - - - 56.20M
Depreciation 2.73M 2.82M 3.20M 3.80M 0.74M
Other cashflows from investing activities 6.08M 4.07M 4.00M 4.48M 5.86M
Dividends paid 80.34M 127.38M 133.34M 157.03M 169.13M
Change to inventory 3.74M 4.49M 0.05M -3.01800M -
Change to account receivables 5.31M -2.15900M 6.87M -7.71600M 4.67M
Sale purchase of stock -9.70700M -10.95200M -7.32600M -8.14300M 56.20M
Other cashflows from financing activities 5.72M -12.82500M -9.07000M 6.29M -105.70900M
Change to netincome -1.79100M 31.73M -40.76600M -13.51000M -2.31500M
Capital expenditures 0.36M 0.22M 0.04M 2.26M 1.37M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 5.31M -2.15900M 6.87M -7.71600M -75.98200M
Stock based compensation 12.93M 11.91M 6.41M 6.80M -
Other non cash items -0.22300M 18.35M -25.94600M -8.57500M -158.38800M
Free cash flow 82.99M 122.44M 140.47M 148.57M 164.97M

Fundamentals

  • Previous Close 1.08
  • Market Cap631.65M
  • Volume839630
  • P/E Ratio7.75
  • Dividend Yield11.06%
  • EBITDA122.12M
  • Revenue TTM214.66M
  • Revenue Per Share TTM0.38
  • Gross Profit TTM 147.65M
  • Diluted EPS TTM0.14

Peer Comparison

Sector: Financial Services Industry: Asset Management

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
PTM
Platinum Asset Management Ltd		 0.005 0.46% 1.08 7.75 12.38 3.16 2.09 2.47 4.27
AFI
Australian Foundation Investment Company Ltd		 0.04 0.56% 7.15 29.79 - 26.97 1.15 - -
GQG
GQG Partners Inc DRC		 0.04 1.73% 2.35 15.67 13.55 13.38 13.30 - -
ARG
Argo Investments Ltd		 0.05 0.58% 8.65 25.44 - 23.61 1.07 - -
PPT
Perpetual Ltd		 0.11 0.47% 23.45 42.64 13.23 2.18 1.27 2.82 12.54

Reports Covered

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Profile

Platinum Investment Management Limited is a publicly owned hedge fund sponsor. It primarily provides its services to pooled investment vehicles, pension and profit sharing plans, corporations. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients. The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm also manages equity portfolios. It invests in derivatives, cash, shares, government bonds, and real estate. It employs bottom-up stock selection methodology to create its portfolio. The firm obtains external research to complement its in-house research. The firm was formerly known as Platinum Asset Management Ltd. Platinum Investment Management Limited is based in Sydney, Commonwealth of Australia.

Platinum Asset Management Ltd

Level Eight, Seven Macquarie Place, Sydney, NSW, Australia, 2000

Key Executives

Name Title Year Born
Mr. Andrew McRae Clifford B.Com., BCOM (HONS) Co-Founder, MD, CEO, Co-Chief Investment Officer & Exec. Director 1966
Mr. Andrew Norman Stannard BMS, BMS(Hons), C.A. CFO, Fin. Director & Exec. Director 1967
Ms. Elizabeth Ann Norman B.A., BA Director of Communications & Investor Services and Exec. Director 1968
Mr. Toby Harrop B.Com. CO-Founder & Investment Analyst NA
Mr. Clay Smolinski B.Com., BCom Co-Chief Investment Officer & Portfolio Mang. NA
Mr. Andy Kirwan B.Sc. Head of Technology NA
Mr. Matthew Robert Githens B.Com., C.A. Chief Compliance Officer NA
Ms. Joanne Jefferies B.Com., BCOMM/LLB, L.L.B. Group Company Sec. & Gen. Counsel NA
Ms. Kelley Gibson Head of HR NA
Mr. Robert Sidoti B.Com., C.A. Head of Bus. Solutions NA

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