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Platinum Asset Management Ltd
(Sydney:L1G)
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Rating:58Neutral
Price Target:
AU$1.00
â–¼(-9.09% Downside)
Action:Reiterated
Date:11/19/25
The overall stock score of 58 reflects significant challenges in financial performance, particularly declining revenue and profitability. While the balance sheet remains strong, the company's valuation appears stretched with a high P/E ratio, though the high dividend yield provides some compensation. Technical indicators are mixed, with some signs of potential short-term weakness. The absence of earnings call data and notable corporate events limits further insights.
Positive Factors
Fee-based recurring revenue
Platinum's core fee-for-service model generates recurring management fees tied to assets under management, providing a durable revenue base that scales with AUM. Performance fees offer upside when investment returns are strong. This business mix supports predictable cash inflows and long-duration client relationships, which remain relevant over months as long as asset retention and distribution channels hold.
Negative Factors
Declining revenue trend
A meaningful revenue decline reduces the firm's fee base and directly pressures recurring management fee income. Over a 2-6 month horizon this weakens cash inflows and limits reinvestment capacity, making it harder to stabilize AUM and grow net flows. Persistent revenue erosion also undermines economies of scale and impairs the ability to absorb fixed costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee-based recurring revenue
Platinum's core fee-for-service model generates recurring management fees tied to assets under management, providing a durable revenue base that scales with AUM. Performance fees offer upside when investment returns are strong. This business mix supports predictable cash inflows and long-duration client relationships, which remain relevant over months as long as asset retention and distribution channels hold.
Read all positive factors
Platinum Asset Management Ltd (L1G) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.82B
Dividend Yield23.72%
Average Volume (3M)3.44M
Price to Earnings (P/E)138.8
Beta (1Y)1.35
Revenue Growth215.38%
EPS Growth-82.04%
CountryAU
Employees5
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,566,551,500
10 Day Avg. Volume3,774,923
30 Day Avg. Volume3,435,326
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)1.25
Price to Sales (P/S)1.88
P/FCF Ratio5.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.25Price Target Upside13.64% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.05
Revenue Forecast (FY)AU$314.92M
Platinum Asset Management Ltd Business Overview & Revenue Model
Company Description
L1 Group Ltd. operates as a fund manager, which engages in investing in global equities. It manages a diverse suite of strategies across long/short equities, global and regional equities, real assets and alternative investments. L1 Group clients i...
How the Company Makes Money
Platinum Asset Management primarily makes money by charging fees for managing client assets. Its core revenue stream is management fees calculated as a percentage of funds under management (FUM) across its investment products (e.g., managed funds ...
Platinum Asset Management Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 519.85M | 140.92M | 185.13M | 211.09M | 232.77M | 272.49M |
| Gross Profit | 452.11M | 54.35M | 106.50M | 202.61M | 244.98M | 259.72M |
| EBITDA | 427.06M | 34.20M | 77.28M | 117.36M | 167.68M | 206.63M |
| Net Income | 275.77M | 6.27M | 45.01M | 80.86M | 101.49M | 163.26M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 249.39M | 346.21M | 354.25M | 352.61M | 384.30M |
| Cash, Cash Equivalents and Short-Term Investments | 254.29M | 122.25M | 250.28M | 186.06M | 177.32M | 193.15M |
| Total Debt | 33.40M | 10.64M | 12.35M | 3.25M | 5.25M | 7.11M |
| Total Liabilities | 205.86M | 37.54M | 29.41M | 24.72M | 29.05M | 42.27M |
| Stockholders Equity | 723.70M | 211.78M | 314.23M | 328.17M | 323.55M | 342.02M |
Cash Flow | ||||||
| Free Cash Flow | 92.83M | 50.19M | 78.08M | 90.23M | 126.51M | 144.47M |
| Operating Cash Flow | 93.26M | 51.49M | 68.56M | 90.59M | 126.73M | 144.51M |
| Investing Cash Flow | -71.61M | 53.71M | 51.60M | -171.00K | -42.44M | 36.78M |
| Financing Cash Flow | 182.93M | -153.21M | -85.55M | -92.06M | -140.20M | -142.41M |
Platinum Asset Management Ltd Technical Analysis
Negative
1.10
Price Trends
1.13
Negative
1.13
Negative
1.09
Positive
Market Momentum
0.01
Positive
42.66
Neutral
20.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:L1G, the sentiment is Negative. The current price of 1.1 is below the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.13, and above the 200-day MA of 1.09, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:L1G.
Platinum Asset Management Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | AU$4.13B | 6.17 | 107.67% | 10.91% | 8.76% | 8.17% | |
71 Outperform | AU$2.83B | 12.13 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$4.04B | 30.98 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$2.82B | 138.75 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$2.21B | -128.07 | -1.00% | 6.01% | 2.23% | 96.71% |
* Financial Sector Average
AU:L1G
Platinum Asset Management Ltd
1.11
0.50
80.78%
AU:MFG
Magellan Financial Group Ltd
9.70
0.70
7.83%
AU:PPT
Perpetual Limited
19.21
-0.02
-0.12%
AU:PNI
Pinnacle Investment Management Group Limited
17.66
-3.49
-16.49%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.40
-0.57
-28.86%
Platinum Asset Management Ltd Corporate Events
L1 Group lifts FUM to $19.1bn as performance fees surge and integration costs loom
Jul 14, 2026
L1 Group Limited reported that funds under management rose 12.4% in the June 2026 quarter to $19.1 billion, reflecting a sharp recovery in investment performance after March’s volatility linked to the Iran conflict. Growth was driven by the ...
L1 Group Issues New Unquoted Deferred Rights Under Employee Scheme
Jul 2, 2026
L1 Group Limited has notified the market of the issue of 226,623 unquoted deferred rights under its employee incentive scheme. The new securities, which are not intended to be quoted on the ASX, were issued on 22 April 2026 and reflect the company...
L1 Group boosts equity base with conversion of unquoted securities
Jun 29, 2026
L1 Group Limited has notified the ASX of the issue of 512,278 ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The new shares were issued on 22 June 2026, increasing the company’s quoted equi...
L1 Group Names Former FleetPartners Executive as New CFO After Merger Integration
Jun 8, 2026
L1 Group Limited has appointed James Allaway as its new Chief Financial Officer, succeeding long-serving finance executive Andrew Stannard. Allaway, who brings experience as Chief Strategy Officer at FleetPartners and as a senior investment banker...
L1 Group Raises $950m in IPO of New ASX-Listed Gold Fund
Apr 19, 2026
L1 Group has successfully raised $950 million in the initial public offering of L1 Gold Fund Limited, a new listed vehicle that will invest primarily in domestic and international gold sector securities with a secondary focus on other precious met...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.