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Platinum Asset Management Ltd

Financial Services AU PTM

0.65AUD
-0.02(2.99%)

Last update at 2024-12-19T05:11:00Z

Day Range

0.640.66
LowHigh

52 Week Range

0.630.97
LowHigh

Fundamentals

  • Previous Close 0.67
  • Market Cap390.05M
  • Volume3698663
  • P/E Ratio8.38
  • Dividend Yield9.41%
  • EBITDA82.34M
  • Revenue TTM185.36M
  • Revenue Per Share TTM0.33
  • Gross Profit TTM 147.65M
  • Diluted EPS TTM0.08

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 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 348.52M 350.98M 349.76M 382.27M 355.21M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets -267.69200M - - - -
Total liab 31.72M 21.45M 26.20M 40.25M 36.25M
Total stockholder equity 314.23M 328.17M 323.55M 342.02M 318.96M
Deferred long term liab - - - - -
Other current liab -1.70800M 9.35M 11.90M 17.84M 18.07M
Common stock 745.79M 702.02M 706.60M 714.89M 718.00M
Capital stock 696.12M 702.02M 706.60M 714.89M 718.00M
Retained earnings 148.82M 177.59M 177.08M 202.97M 173.04M
Other liab - 3.91M 6.80M 13.23M 7.26M
Good will - - - - -
Other assets 348.52M 62.25M 43.31M 44.34M 27.63M
Cash 120.41M 86.18M 87.45M 143.28M 105.33M
Cash and equivalents - 86.18M 87.45M 143.28M 105.33M
Total current liabilities 1.71M 16.43M 16.16M 21.77M 21.90M
Current deferred revenue -6.82200M -2.14100M -2.00500M -1.87100M -1.74400M
Net debt -108.06100M -82.93000M -82.19500M -136.16700M -96.50400M
Short term debt 1.71M 2.14M 2.00M 1.87M 1.74M
Short long term debt 1.71M 2.14M 2.00M 1.87M 1.74M
Short long term debt total 12.35M 3.25M 5.25M 7.11M 8.83M
Other stockholder equity -49.67400M -928.94400M -928.43700M -954.32000M -924.40000M
Property plant equipment - 4.58M 6.95M 9.54M 12.06M
Total current assets - 212.46M 207.10M 220.76M 189.89M
Long term investments 190.89M 133.95M 135.71M 151.96M 152.65M
Net tangible assets - 328.17M 323.55M 342.02M 318.35M
Short term investments 129.88M 99.88M 89.88M 49.88M 49.88M
Net receivables 17.41M 24.98M 29.77M 27.61M 34.68M
Long term debt 10.64M 1.11M 3.25M 5.24M 7.08M
Inventory - - - - -
Accounts payable 8.53M 7.08M 4.25M 3.93M 3.83M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -530.70000M -551.44000M -560.12300M -575.83400M -572.08200M
Additional paid in capital - - - - -
Common stock total equity - - - - 718.00M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - -36.46200M -33.35700M
Accumulated amortization - - - - -
Non currrent assets other -207.95900M -138.52400M -142.66300M -161.50600M -165.32100M
Deferred long term asset charges - - - - -
Non current assets total 190.89M 138.52M 142.66M 161.51M 165.32M
Capital lease obligations - - - - -
Long term debt total - 1.11M 3.25M 5.24M 7.08M
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Investments 51.60M 5.72M -38.36600M 36.82M 5.90M
Change to liabilities - -0.53700M -5.85500M 8.22M -1.26000M
Total cashflows from investing activities - 5.72M -38.36600M 40.78M 8.12M
Net borrowings - -2.00600M -1.87300M -1.74400M -1.85500M
Total cash from financing activities -85.55300M -90.70900M -140.20100M -142.40700M -158.88200M
Change to operating activities - 0.86M 0.54M 0.56M -0.07400M
Net income 45.01M 80.85M 101.49M 163.26M 155.61M
Change in cash 34.23M -1.26600M -55.82800M 37.94M -7.61400M
Begin period cash flow 86.18M 87.45M 143.28M 105.33M 112.95M
End period cash flow 120.41M 86.18M 87.45M 143.28M 105.33M
Total cash from operating activities 79.67M 83.36M 122.66M 140.51M 150.83M
Issuance of capital stock 1.08M 1.35M - - -
Depreciation 3.12M 2.73M 2.82M 3.20M 3.80M
Other cashflows from investing activities - 6.08M 4.07M 4.00M 4.48M
Dividends paid 73.78M 80.34M 127.38M 133.34M 157.03M
Change to inventory - 3.74M 4.49M 0.05M -3.01800M
Change to account receivables 7.49M 5.31M -2.15900M 6.87M -7.71600M
Sale purchase of stock -11.12700M -9.70700M -10.95200M -7.32600M -8.14300M
Other cashflows from financing activities 1.08M 5.72M -12.82500M -9.07000M 6.29M
Change to netincome - -1.79100M 31.73M -40.76600M -13.51000M
Capital expenditures 1.59M 0.36M 0.22M 0.04M 2.26M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 5.29M 5.31M -2.15900M 6.87M -7.71600M
Stock based compensation 25.58M 12.93M 11.91M 6.41M 6.80M
Other non cash items 26.25M -0.22300M 18.35M -25.94600M -8.57500M
Free cash flow 78.08M 82.99M 122.44M 140.47M 148.57M

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		 -0.02 2.99% 0.65 8.38 20.75 2.10 1.57 2.74 6.07
AFI
Australian Foundation Investment Company Ltd		 -0.15 1.98% 7.44 31.79 - 28.21 1.16 28.39 -
GQG
GQG Partners Inc DRC		 -0.05 2.17% 2.25 12.37 9.68 10.83 11.49 7.30 -
ARG
Argo Investments Ltd		 -0.16 1.77% 8.86 26.85 - 23.95 1.08 25.03 -
PNI
Pinnacle Investment Management Group Ltd		 -1.28 5.29% 22.90 51.51 42.37 106.06 11.33 110.89 39.78

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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