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Pacific Current Group Ltd
(Sydney:PAC)
Pacific Current Group Ltd (PAC) vs. iShares MSCI Australia ETF (EWA)
Pacific Current Group Ltd Business Overview & Revenue Model
Pacific Current Group Ltd Earnings Call Summary
Pacific Current Group Ltd Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 234.21M | 198.53M | 44.51M | 43.56M | 44.54M | 61.54M | Gross Profit |
| 228.76M | 195.67M | 40.66M | 40.29M | 41.06M | 57.21M | EBIT |
| 263.93M | 172.13M | -8.76M | -52.46M | 20.55M | 24.75M | EBITDA |
| 264.82M | 172.13M | 0.00 | 0.00 | 29.08M | 97.06M | Net Income Common Stockholders |
| 198.78M | 110.08M | -15.79M | -35.27M | 17.41M | -17.51M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 382.38M | 343.32M | 23.20M | 34.89M | 28.30M | 20.15M | Total Assets |
| 871.57M | 727.88M | 612.38M | 608.97M | 463.02M | 444.00M | Total Debt |
| 64.55M | 64.01M | 2.83M | 1.05M | 680.00K | 2.55M | Net Debt |
| -16.83M | -256.53M | -20.38M | -33.83M | -27.62M | -17.61M | Total Liabilities |
| 149.18M | 128.82M | 102.15M | 82.25M | 60.21M | 41.44M | Stockholders Equity |
| 722.39M | 599.06M | 509.52M | 524.81M | 402.38M | 402.02M |
| Cash Flow | Free Cash Flow | ||||
| 16.81M | -2.37M | 19.18M | 23.19M | 29.06M | 25.57M | Operating Cash Flow |
| 16.86M | 20.61M | 21.82M | 23.47M | 29.15M | 25.62M | Investing Cash Flow |
| 70.34M | 63.47M | -55.12M | 4.76M | -5.87M | -65.50M | Financing Cash Flow |
| -26.40M | -10.46M | 22.10M | -23.18M | -14.07M | -21.32M |
Pacific Current Group Ltd Technical Analysis
Pacific Current Group Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.49B | 6.84 | 23.27% | 6.09% | -9.29% | 12.94% | |
69 Neutral | $319.33M | 2.76 | 33.29% | 2.83% | 317.70% | 3248.78% | |
64 Neutral | $12.85B | 9.81 | 7.79% | 78.20% | 12.23% | -7.93% | |
63 Neutral | €301.43M | 11.64 | 9.63% | 11.43% | -20.84% | -67.39% | |
59 Neutral | €2.12B | ― | -24.47% | 6.82% | 5.36% | -846.00% |
Pacific Current Group Ltd Corporate Events
Pacific Current Group Limited reported an increase in total Funds under Management (FUM) to A$31.0 billion for the quarter ending March 31, 2025, up from A$30.0 billion. This growth was driven by significant inflows, particularly from the USD-denominated fund manager Pennybacker, and market revaluations. The company highlights that the economic benefits derived from these FUM can vary due to factors like fees, ownership interests, and unique economic terms with each boutique, cautioning against simple extrapolation of results based on FUM trends.
Citigroup Global Markets Australia Pty Limited has ceased to be a substantial holder in Pacific Current Group Ltd as of April 3, 2025. This change reflects a decrease in Citigroup’s relevant interest in the company’s shares due to a securities lending agreement, potentially impacting the company’s shareholder structure and market perception.
Pacific Current Group Ltd has announced that Bank of America Corporation and its related bodies corporate have ceased to be substantial shareholders in the company as of April 2, 2025. This change in shareholding may impact the company’s market perception and investor confidence, as substantial shareholders often play a significant role in influencing company decisions and strategies.
Pacific Current Group Ltd has announced that Dimensional Entities has ceased to be a substantial holder in the company as of April 1, 2025. This change in substantial holding may impact the company’s shareholder structure and could have implications for its governance and strategic decisions moving forward.
Pacific Current Group Ltd has announced a change in the interests of its substantial shareholder, Citigroup Global Markets Australia Pty Limited. The voting power of Citigroup has decreased from 7.1265% to 5.5504%, reflecting a reduction in the number of shares held. This change is due to securities lending agreements and transactions conducted in the ordinary course of business on a stock exchange. The adjustment in Citigroup’s holdings may impact Pacific Current Group’s shareholder dynamics and market perception.
Pacific Current Group Ltd has announced that Bank of America Corporation, along with its related bodies corporate, has become a substantial holder in the company as of March 31, 2025, with a voting power of 5.11%. This development indicates a significant investment by a major financial institution, potentially impacting Pacific Current Group’s market positioning and signaling confidence in its business prospects.
Pacific Current Group Ltd announced a change in the director’s interest, with Joanne Dawson acquiring a total of 9,717 ordinary shares through on-market trades. This acquisition reflects a significant increase in her indirect interest in the company, potentially indicating confidence in the company’s future performance and impacting stakeholder perceptions.
Pacific Current Group Ltd has announced that Citigroup Global Markets Australia Pty Limited, along with its related entities, has become a substantial shareholder in the company as of March 25, 2025. Citigroup now holds a 7.1265% voting power in Pacific Current Group Ltd through various securities lending agreements and stock market transactions, indicating a significant investment and potential influence in the company’s future decisions.
Pacific Current Group Limited has completed the restructuring of its investment in Aether Investment Partners, LLC. The company has transitioned its equity ownership in Aether to a new arrangement involving a contractual revenue share and liquidation preference, which is expected to impact its financial strategy and stakeholder relationships.
Pacific Current Group Limited has successfully completed an off-market share buy-back, acquiring A$265 million worth of its ordinary shares, which equates to 42.23% of its issued share capital. This move is expected to enhance capital efficiency, provide liquidity to exiting shareholders, and benefit remaining shareholders by reducing the total number of shares outstanding, thus strengthening PAC’s capital position.
Pacific Current Group Ltd has experienced a significant change in the voting power of its substantial holder, River Capital Pty Ltd. As of March 24, 2025, River Capital’s voting power increased from 22.51% to 40.48%, indicating a substantial shift in control dynamics within the company. This change could potentially impact the company’s strategic decisions and influence its market positioning, with implications for stakeholders who may see shifts in governance and corporate strategy.
Pacific Current Group Ltd has announced a change in the interests of its director, Michael Charles Clarke, who has acquired 5,000 ordinary shares in the company through an on-market trade. This transaction, valued at $58,122.64, reflects Clarke’s indirect interest as a joint trustee and member of The Clarke Superannuation Fund. The acquisition of shares by a director may indicate confidence in the company’s future prospects and could impact stakeholders’ perceptions positively.
Pacific Current Group Limited has announced an update on its off-market equal access share buy-back program, which aims to repurchase up to $300 million of surplus capital. As of March 13, 2025, the company has received applications from eligible shareholders representing approximately 65.86% of the maximum shares proposed for buy-back. The offer period has been extended to March 21, 2025. This buy-back initiative reflects Pacific Current Group’s strategic focus on optimizing capital allocation and enhancing shareholder value.
Pacific Current Group Ltd has announced an extension to its off-market buy-back offer for ordinary shares, providing shareholders with an additional two weeks to consider participation. This extension aims to give shareholders more time to evaluate their options, potentially impacting the company’s shareholding structure and market positioning.
Pacific Current Group Limited announced a change in the director’s interest, as Antony Robinson disposed of 70,795 ordinary shares valued at $846,196.11 through an on-market trade. This transaction leaves Robinson with no remaining shares in the company, which may impact the company’s governance dynamics and investor perceptions.
Pacific Current Group Limited has released its 1H FY25 Results Presentation, highlighting its continued commitment to providing value through strategic investments in boutique asset managers. This announcement underscores the company’s ongoing efforts to strengthen its market position and deliver returns to stakeholders.
Pacific Current Group Limited reported a significant increase in statutory net profit after tax to A$100.3 million for the six months ended December 31, 2024, driven by gains from asset sales and fair value uplifts. The company is executing a substantial share buy-back program and has completed several key portfolio transactions, including the sale of interests in Carlisle and Victory Park Capital, which have strengthened its liquidity position. Despite lower boutique contributions due to asset sales, the company has maintained its dividend and improved its cash balance, positioning itself for future growth.
Pacific Current Group Ltd has announced a new dividend distribution of AUD 0.15 per share for its ordinary fully paid shares. The dividend relates to the six-month period ending December 31, 2024, with an ex-date of March 4, 2025, a record date of March 5, 2025, and a payment date set for April 10, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may impact its market positioning by potentially enhancing investor confidence.
Pacific Current Group released its half-year financial results for the period ending December 31, 2024, showing a significant increase in net profit before tax, which rose by 555.98% compared to the previous year. However, the company experienced a decline in revenue from ordinary activities by 3.40%, and underlying net profit after tax decreased by 8.80%. These results highlight a mixed performance, with substantial gains in net profit but challenges in maintaining revenue growth.
Pacific Current Group has announced a conference call to discuss its 2025 half-year results, scheduled for February 25, 2025. The call will feature presentations by Michael Clarke, Executive Director & Acting CEO, and Ashley Killick, CFO, providing stakeholders with insights into the company’s financial performance and strategic direction.
Pacific Current Group Limited announced its calendar of key events for 2025, detailing significant dates such as the release of half-year and full-year financial results, dividend payment schedules, and the Annual General Meeting. These events are indicative of the company’s structured approach to stakeholder engagement and transparency in financial communications, potentially impacting investor confidence and market positioning.
Pacific Current Group has launched an off-market share buy-back program, allowing eligible shareholders to participate in a buy-back of up to $300 million of surplus capital. This move, approved by shareholders, is expected to enhance the company’s capital management strategy and potentially improve shareholder value.