Pacific Current Group Ltd (PAC) AI Stock Analysis

• Market Cap: $322.34M
• Dividend Yield: 2.7%
• Average Volume (3M): 28.46K
• Price to Earnings (P/E): 2.8
• Beta (1Y): 0.68
• Revenue Growth: 317.70%
• EPS Growth: 3248.78%
• Country: AU
• Employees: 7
• Sector: Financial
• Sector Strength: 77
• Industry: Asset Management
• EPS (TTM): -0.16
• Shares Outstanding: 30,153,858
• 10 Day Avg. Volume: 43,088
• 30 Day Avg. Volume: 28,456
• 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: $12.92
• Price Target Upside: 19.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ―

Pacific Current Group Ltd demonstrates strong financial performance with significant revenue and profit growth. However, technical analysis indicates bearish trends, and cash flow challenges remain a concern. The stock appears undervalued, with a low P/E ratio and attractive dividend yield, providing potential for long-term appreciation.

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
	EBIT
263.93M	172.13M	-8.76M	-48.19M	20.55M	24.75M
	EBITDA
264.82M	172.13M	-13.83M	-44.92M	26.93M	-22.75M
	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

• Technical Analysis Sentiment: Negative
• Last Price: 10.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 10.85 is below the 20-day moving average (MA) of 11.11, below the 50-day MA of 11.18, and below the 200-day MA of 11.16, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of 29.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
EZL	75 Outperform	€133.02M	12.59	9.28%	5.81%	6.97%	45.01%
MAM	73 Outperform	AU$65.98M	8.83	34.01%	7.52%	19.50%	31.19%
FID	72 Outperform	AU$307.78M	18.23	30.97%	4.49%	12.05%	23.63%
PAC	69 Neutral	$322.34M	2.79	33.29%	2.70%	317.70%	3248.78%
Sector *	65 Neutral	$12.93B	9.81	7.84%	78.03%	12.20%	-7.74%
PTM	63 Neutral	€298.56M	11.53	9.63%	11.54%	-20.84%	-67.39%
PCG	48 Neutral	AU$76.75M	―		4.91%	43.84%	92.57%

Pacific Current Group Ltd Corporate Events

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.

Bank of America Ceases Substantial Holding in Pacific Current Group

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.

Dimensional Entities Ceases to Be Substantial Holder in Pacific Current Group Ltd

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.

Citigroup Reduces Stake in Pacific Current Group

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.

Bank of America Becomes Substantial Holder in Pacific Current Group

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.

Director’s Interest in Pacific Current Group Ltd Increases

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.

Citigroup Becomes Substantial Shareholder in Pacific Current Group

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 Completes Aether Restructure

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 Completes Significant Share Buy-Back

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.

River Capital Increases Stake in Pacific Current Group

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.

Director’s Share Acquisition at Pacific Current Group Ltd

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 Updates on $300M Share Buy-Back Progress

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.