Pacific Current Group Ltd (PAC) AI Stock Analysis

• Market Cap: AU$328.68M
• Dividend Yield: 2.75%
• Average Volume (3M): 31.86K
• Price to Earnings (P/E): 2.8
• Beta (1Y): 0.70
• Revenue Growth: 317.70%
• EPS Growth: 3248.78%
• Country: AU
• Employees: 7
• Sector: Financial
• Sector Strength: 82
• Industry: Asset Management
• EPS (TTM): -0.16
• Shares Outstanding: 30,153,858
• 10 Day Avg. Volume: 27,027
• 30 Day Avg. Volume: 31,858
• PEG Ratio: -0.10
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -84.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$12.92
• Price Target Upside: 18.55% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: AU$12.00 ▲(10.09%Upside)

The strong financial recovery and attractive valuation are the primary strengths for Pacific Current Group Ltd, driving its overall positive outlook. However, the technical indicators suggest caution with potential short-term weaknesses, particularly in momentum.

Pacific Current Group Ltd Business Overview & Revenue Model

Company Description

Pacific Current Group Ltd (PAC) is an Australian-based global multi-boutique asset management company. It operates in the financial services sector, focusing on providing capital and strategic support to asset management firms. PAC partners with boutique investment managers to enhance their growth and development through its expertise and resources, fostering a diverse portfolio of investment strategies across various asset classes.

How the Company Makes Money

Pacific Current Group Ltd generates revenue primarily through its investments in boutique asset managers. The company makes money by acquiring equity stakes in these firms and benefiting from the growth in their assets under management (AUM). As these boutiques perform and attract more investments, PAC earns a share of the management and performance fees generated. Additionally, PAC may receive dividend income from its equity investments. The company's revenue is also influenced by market conditions, the performance of its boutique partners, and strategic partnerships that enable access to new markets and distribution channels.

Pacific Current Group Ltd Financial Statement Overview

Summary

Pacific Current Group Ltd exhibits a strong financial recovery in the income statement with significant revenue and profit growth, supported by a robust balance sheet. However, challenges in maintaining positive cash flow highlight areas for improvement. Overall, the company's financial health reflects positive trends with a need for careful management of cash resources and liabilities.

Income Statement

Pacific Current Group Ltd demonstrated a strong recovery with a significant revenue growth rate of 345.8% from 2023 to 2024 and improvement in profitability with a net profit margin of 55.5% in 2024. The firm successfully turned around from negative EBIT in 2023 to positive EBIT margin of 86.7% in 2024. While the historical volatility in revenues poses some risk, the current financial year shows robust profit margins indicating strong operational performance.

Balance Sheet

The company maintains a solid financial position with a low debt-to-equity ratio of 0.11, reflecting strong equity leverage. The equity ratio of 82.3% in 2024 underscores financial stability. A significant increase in equity and assets over the years strengthens the balance sheet further, although the rapid increase in total liabilities warrants monitoring.

Cash Flow

Cash flow analysis reveals a challenge with negative free cash flow in 2024 despite positive operating cash flow, suggesting higher capital expenditures. The operating cash flow to net income ratio is 0.19, indicating potential cash flow constraints. Despite the recent setback, the company has historically generated positive free cash flow, reflecting its ability to generate cash from operations.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	234.21M	198.53M	44.51M	-31.16M	44.54M	61.54M
Gross Profit	228.76M	198.53M	40.66M	40.29M	41.06M	57.21M
EBITDA	264.82M	172.13M	-13.83M	-44.92M	26.93M	-22.75M
Net Income	198.78M	110.08M	-15.79M	-35.27M	17.41M	-17.51M
Balance Sheet
Total Assets	871.57M	727.88M	612.38M	608.97M	463.02M	444.00M
Cash, Cash Equivalents and Short-Term Investments	382.38M	343.32M	23.20M	34.89M	28.30M	20.15M
Total Debt	64.55M	64.01M	2.83M	1.05M	680.00K	2.55M
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

• Technical Analysis Sentiment: Neutral
• Last Price: 10.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PAC, the sentiment is Neutral. The current price of 10.9 is above the 20-day moving average (MA) of 10.80, below the 50-day MA of 11.04, and below the 200-day MA of 11.16, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 57.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PAC.

Pacific Current Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FID	74 Outperform	AU$303.36M	17.97	30.97%	4.56%	12.05%	23.63%
MAM	73 Outperform	AU$65.32M	8.74	34.01%	7.17%	19.50%	31.19%
PAC	69 Neutral	AU$328.68M	2.85	33.29%	2.75%	317.70%	3248.78%
PTM	68 Neutral	€284.20M	10.98	9.63%	12.12%	-20.84%	-67.39%
EZL	64 Neutral	€161.64M	15.30	9.28%	4.90%	6.97%	45.01%
Sector *	62 Neutral	AU$9.88B	7.94	10.79%	5.20%	32.02%	38.31%
PCG	46 Neutral	€72.82M	―		5.16%	43.84%	92.57%

Pacific Current Group Ltd Corporate Events

Pacific Current Group Appoints New Director with No Initial Securities Interest

Pacific Current Group Limited has announced the appointment of Justin Rowland Arter as a new director, effective June 17, 2025. The Initial Director’s Interest Notice reveals that Arter currently holds no securities or relevant interests in the company, indicating a fresh start in his role without any pre-existing financial ties, which could impact his decision-making and governance approach.

The most recent analyst rating on (AU:PAC) stock is a Hold with a A$13.00 price target. To see the full list of analyst forecasts on Pacific Current Group Ltd stock, see the AU:PAC Stock Forecast page.

Pacific Current Group Announces Leadership Transition

Pacific Current Group Limited announced the retirement of Tony Robinson as Chair of the Board, effective June 30, 2025, and the appointment of Justin Arter as his successor starting July 1, 2025. Tony Robinson, who has been with the company since 2015, played a pivotal role in its growth and transformation, overseeing major acquisitions and divestments. Justin Arter, with over 35 years of experience in funds management and investment banking, is expected to continue building long-term value for shareholders. The Board also noted that Non-executive Director Gilles Guérin intends to retire at the end of September 2025, prompting a review of the Board’s structure.

The most recent analyst rating on (AU:PAC) stock is a Hold with a A$13.00 price target. To see the full list of analyst forecasts on Pacific Current Group Ltd stock, see the AU:PAC Stock Forecast page.

Pacific Current Group Updates 2025 Event Calendar

Pacific Current Group Limited has announced an updated calendar of key events for the remainder of 2025, detailing important dates such as the release of full-year results, dividend-related dates, and the annual general meeting. This schedule provides stakeholders with a clear timeline of the company’s financial and operational milestones, reflecting Pacific Current’s commitment to transparency and strategic planning in the asset management industry.

The most recent analyst rating on (AU:PAC) stock is a Hold with a A$13.00 price target. To see the full list of analyst forecasts on Pacific Current Group Ltd stock, see the AU:PAC Stock Forecast page.

Pacific Current Group Reports Growth in Funds Under Management

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 Ceases Substantial Holding in Pacific Current Group

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.