Platinum Asset Management Ltd (AU:L1G)
ASX:L1G
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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:ReiteratedDate: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
Low Financial Leverage
A very low debt-to-equity ratio provides durable financial flexibility and resilience. With minimal leverage the firm can sustain operations, pay distributions, or invest in distribution and product development during AUM volatility, lowering refinancing risk over months.
Negative Factors
Declining Revenue Trend
A meaningful year-over-year revenue decline erodes the fee base that underpins the business. If AUM and client flows continue to shrink, management fees and potential performance fees will be pressured, reducing structural revenue predictability and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A very low debt-to-equity ratio provides durable financial flexibility and resilience. With minimal leverage the firm can sustain operations, pay distributions, or invest in distribution and product development during AUM volatility, lowering refinancing risk over months.
Read all positive factors
Platinum Asset Management Ltd (L1G) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.93B
Dividend Yield23.72%
Average Volume (3M)3.44M
Price to Earnings (P/E)1.9
Beta (1Y)1.19
Revenue Growth215.38%
EPS Growth-82.04%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.03
Shares Outstanding2,566,551,500
10 Day Avg. Volume3,774,923
30 Day Avg. Volume3,435,326
Financial Highlights & Ratios
PEG Ratio-0.49
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$1.17Price Target Upside6.36% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$422.95M
Platinum Asset Management Ltd Business Overview & Revenue Model
Company Description
A global investment manager listed in Australia, formed through the merger of L1 Capital and Platinum Asset Management. The firm runs strategies including long/short equities, global & regional equities, real assets, and alternative investments....
How the Company Makes Money
Platinum Asset Management primarily makes money by charging fees for managing client assets. Its main revenue stream is management fees, typically calculated as a percentage of assets under management (AUM) across its funds and investment mandates...
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 | 424.97M | 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
Neutral
1.10
Price Trends
1.15
Negative
1.11
Negative
0.95
Positive
Market Momentum
-0.01
Negative
48.92
Neutral
46.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:L1G, the sentiment is Neutral. The current price of 1.1 is above the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.15, and above the 200-day MA of 0.95, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.92 is Neutral, neither overbought nor oversold. The STOCH value of 46.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$4.81B | 7.38 | 116.22% | 10.91% | 8.76% | 8.17% | |
71 Outperform | AU$1.81B | 6.19 | 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$3.57B | 14.10 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$2.93B | 1.91 | 58.96% | 23.72% | 215.38% | -82.04% | |
53 Neutral | AU$3.21B | 9.67 | 5.32% | ― | -6.89% | ― | |
50 Neutral | AU$1.86B | 9.75 | -1.00% | 6.01% | 2.23% | 96.71% |
* Financial Sector Average
AU:L1G
Platinum Asset Management Ltd
1.20
0.62
105.13%
AU:IFL
Insignia Financial Ltd
4.79
0.98
25.72%
AU:MFG
Magellan Financial Group Ltd
9.83
2.79
39.57%
AU:PPT
Perpetual Limited
16.50
1.17
7.62%
AU:PNI
Pinnacle Investment Management Group Limited
15.48
-1.98
-11.37%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.66
-0.30
-15.39%
Platinum Asset Management Ltd Corporate Events
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...
L1 Group FUM Rebounds After Market Shock as Gold Fund Listing Nears
Apr 13, 2026
L1 Group Limited reported funds under management of A$16.96 billion at 31 March 2026, down 3.8% over the quarter as global markets sold off sharply following the outbreak of war in Iran, which drove the ASX200 down 7.1% and the MSCI World down 6.4...
L1 Group Expands Share Capital Through Conversion of Unquoted Securities
Apr 7, 2026
L1 Group Limited has notified the market of the conversion of unquoted options or other unquoted convertible securities into ordinary fully paid shares. The company will issue a total of 589,705 new L1G shares across two tranches on 30 and 31 Marc...
L1 Group Reshapes Company Secretariat After Platinum–L1 Merger
Mar 26, 2026
L1 Group Limited has announced a change in its corporate governance team, with long‑serving General Counsel and Group Company Secretary Joanne Jefferies resigning from the company secretary role and Jane Stewart, L1 Capital’s Head of L...
L1 Group Secures A$900m for New ASX-Listed Gold Fund
Mar 25, 2026
L1 Group has launched the initial public offering of L1 Gold Fund Limited, an ASX-listed investment company targeting positive absolute returns via domestic and global gold sector securities and a secondary allocation to other precious metals. The...
L1 Group Seeks ASX Quotation for Additional Dividend Plan Shares
Mar 20, 2026
L1 Group Limited has applied to the Australian Securities Exchange for quotation of an additional 78,769 ordinary fully paid shares. The new securities, issued on 20 March 2026 under a dividend or distribution plan, will expand the company’s...
L1 Group Issues New Unquoted Deferred Rights Under Employee Scheme
Mar 18, 2026
L1 Group Limited has notified the market of the issue of 30,628 unquoted deferred rights under its employee incentive scheme. These securities, which will not be quoted on the ASX, represent part of the company’s ongoing remuneration strateg...
L1 Group Updates Dividend Reinvestment Terms and NZ Dollar Payout Details
Mar 12, 2026
L1 Group Limited has updated its earlier dividend notification for the six-month period ended 31 December 2025, relating to its ordinary fully paid shares. The update formalises the dividend details following the record date of 6 March 2026 and pa...
L1 Group Discloses Major Grant of Performance Rights to Director Julian Russell
Mar 9, 2026
L1 Group Limited has reported a significant change in the equity interests of director Julian Russell, lodging a formal notice with the ASX detailing his updated holdings. Russell has acquired 1,824,561 performance rights in a new class of securit...
L1 Group issues 2.3 million unquoted performance rights under employee incentive scheme
Mar 9, 2026
L1 Group Limited has notified the market of the issuance of 2,298,245 unquoted Performance Rights under an employee incentive scheme. These securities are not intended to be quoted on the ASX and were issued on 9 March 2026, reflecting the company...
Resources-Led Shake-Up in March 2026 S&P/ASX Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced a series of changes to the SP/ASX 20, 50, 100, 200 and 300 indices as part of its March 2026 quarterly rebalance, effective before the market opens on March 23. The reshuffle includes notable promotions such as N...
L1 Group Tightens Governance With Updated Securities Trading Policy
Mar 1, 2026
L1 Group Limited has revised its Securities Trading Policy in line with ASX Listing Rule 12.10, signalling a refresh of its internal governance framework around share transactions by directors, executives and other relevant personnel. The updated ...
L1 Group director Rachel Grimes lifts stake with additional share purchase
Feb 27, 2026
L1 Group Limited has notified the ASX of a change in director Rachel Grimes AM’s relevant interest in the company’s securities, in line with listing rule disclosure requirements. The filing shows that Grimes has indirectly acquired 50,...
L1 Group Releases December 2025 Half-Year Results Presentation
Feb 24, 2026
L1 Group Limited has released the presentation deck for its December 2025 half-year financial results and made it available to the market via the ASX. The materials will underpin an analyst briefing, signalling the company’s ongoing engageme...
L1 Group Posts Strong Half-Year Profit Surge on Higher Fees and Investment Gains
Feb 24, 2026
L1 Group Limited reported a sharp improvement in statutory and underlying earnings for the half-year ended 31 December 2025, driven by strong fee income and gains on seed investments. Statutory profit after tax attributable to ordinary shareholder...
L1 Group Schedules Webcast Briefing on December 2025 Half-Year Results
Feb 24, 2026
L1 Group Limited has reminded the market that it will hold a webcast briefing for analysts and investors on its December 2025 half-year results today at 10:30am AEDT. The session, led by CEO and Managing Director Julian Russell alongside Finance D...
L1 Group Sets 25 February Date for December Half-Year Results and Investor Briefing
Jan 29, 2026
L1 Group Limited has announced it will publish its financial results for the six months to December 2025 on the Australian Securities Exchange on the morning of 25 February 2026. On the same day, Chief Executive Officer and Managing Director Julia...
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.