Propel Funeral Partners Ltd. (PFP) AI Stock Analysis

• Market Cap: AU$694.01M
• Dividend Yield: 2.84%
• Average Volume (3M): 281.55K
• Price to Earnings (P/E): 34.0
• Beta (1Y): 0.78
• Revenue Growth: 7.75%
• EPS Growth: 4.38%
• Country: AU
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 0.06
• Shares Outstanding: 137,973,590
• 10 Day Avg. Volume: 89,921
• 30 Day Avg. Volume: 281,548
• PEG Ratio: 4.29
• Price to Book (P/B): 1.76
• Price to Sales (P/S): 2.78
• P/FCF Ratio: 43.71
• 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$5.90
• Price Target Upside: 17.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.26
• Revenue Forecast (FY): AU$363.87M

• Rating: 68 Neutral
• Price Target: AU$5.50 ▲(9.56% Upside)

Propel Funeral Partners Ltd. demonstrates strong financial performance with consistent revenue growth and robust cash flow generation, which are the most significant factors contributing to the score. Technical analysis shows mixed signals, with a slight bullish trend but potential bearish momentum. The valuation indicates the stock is relatively expensive, but the dividend yield offers some compensation. The absence of earnings call and corporate events data did not impact the score.

Positive Factors

Revenue Growth

The consistent revenue growth indicates a strong market position and effective business model, suggesting continued expansion and market penetration.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling the company to invest in growth opportunities and manage debt effectively.

Profitability Improvement

Improving profitability reflects effective cost management and pricing strategies, supporting sustainable financial health and shareholder returns.

Negative Factors

Operating Efficiency Concerns

Declining operating efficiency may indicate rising costs or competitive pressures, which could impact long-term profitability if not addressed.

Leverage Increase

Increased leverage could strain financial resources and limit strategic flexibility, posing risks if cash flows do not continue to support debt levels.

Operating Efficiency

Operating efficiency concerns suggest potential challenges in cost management, which could affect margins and overall financial performance if not improved.

Propel Funeral Partners Ltd. Business Overview & Revenue Model

Company Description

Propel Funeral Partners Ltd. (PFP) is a leading provider of funeral services and related products in Australia and New Zealand. The company operates a network of funeral homes and crematoriums, offering a range of services including traditional funerals, direct cremations, and pre-paid funeral plans. PFP is committed to delivering compassionate and personalized care to families during their time of need, while maintaining a focus on operational excellence and community engagement.

How the Company Makes Money

Propel Funeral Partners generates revenue primarily through the provision of funeral services, which include conducting funerals, cremations, and related services such as memorialization and grief support. Key revenue streams include service fees for funeral arrangements, sales of caskets and urns, and revenue from pre-paid funeral plans. Additionally, the company benefits from strategic partnerships with various funeral service providers and suppliers, which enhance its service offerings and operational efficiency. By expanding its network of funeral homes and acquiring existing businesses, PFP has also been able to increase its market share and drive growth in revenue.

Propel Funeral Partners Ltd. Financial Statement Overview

Summary

Propel Funeral Partners Ltd. exhibits strong financial performance with consistent revenue growth, improving profitability, and robust cash flow generation. While there are some concerns regarding operating efficiency and leverage, the company's overall financial health is solid, supported by strong cash flow and improving returns on equity.

Income Statement

Propel Funeral Partners Ltd. has shown consistent revenue growth over the years, with a notable increase in gross profit margin from 30.87% in 2023 to 69.77% in 2024. The net profit margin improved significantly from a negative margin in 2022 to 8.51% in 2024. However, the EBIT margin slightly decreased from 19.47% in 2023 to 17.53% in 2024, indicating some pressure on operating efficiency. Overall, the company demonstrates strong revenue growth and improving profitability, though there are some concerns regarding operating efficiency.

Balance Sheet

The company's debt-to-equity ratio has been relatively stable, with a slight increase from 0.41 in 2024 to 0.48 in 2025, indicating a moderate level of leverage. Return on equity improved from a negative in 2022 to 5.06% in 2024, showing better utilization of equity. The equity ratio remained stable, reflecting a balanced capital structure. Overall, the balance sheet shows a stable financial position with moderate leverage and improving returns.

Cash Flow

Propel Funeral Partners Ltd. has demonstrated strong cash flow performance, with a significant increase in free cash flow growth of 593.36% in 2025. The operating cash flow to net income ratio improved, indicating efficient cash generation relative to net income. The free cash flow to net income ratio also improved, showing strong cash conversion. Overall, the cash flow statement reflects robust cash generation and efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	225.83M	224.87M	209.24M	168.09M	144.99M	120.23M
Gross Profit	157.73M	156.77M	145.99M	51.90M	44.39M	37.98M
EBITDA	50.23M	53.74M	50.97M	44.12M	15.97M	34.05M
Net Income	20.40M	20.40M	17.81M	19.01M	-318.00K	14.44M
Balance Sheet
Total Assets	655.12M	655.12M	624.58M	539.86M	428.65M	387.34M
Cash, Cash Equivalents and Short-Term Investments	9.05M	9.05M	7.25M	46.88M	7.87M	7.50M
Total Debt	171.73M	171.73M	144.78M	173.52M	85.70M	123.47M
Total Liabilities	300.05M	300.05M	272.85M	286.53M	179.88M	200.43M
Stockholders Equity	355.07M	355.07M	351.73M	253.33M	248.76M	186.91M
Cash Flow
Free Cash Flow	14.30M	14.30M	7.94M	12.53M	11.55M	15.53M
Operating Cash Flow	39.99M	39.99M	34.37M	32.26M	24.28M	27.20M
Investing Cash Flow	-41.29M	-41.29M	-121.73M	-64.64M	-30.91M	-34.72M
Financing Cash Flow	3.09M	3.09M	47.85M	71.34M	7.15M	-38.93M

Propel Funeral Partners Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PFP, the sentiment is Positive. The current price of 5.02 is above the 20-day moving average (MA) of 4.93, above the 50-day MA of 4.92, and above the 200-day MA of 4.85, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.27 is Neutral, neither overbought nor oversold. The STOCH value of 72.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PFP.

Propel Funeral Partners Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GWA	74 Outperform	AU$633.84M	14.61	14.28%	6.43%	1.21%	12.29%
PFP	68 Neutral	AU$694.01M	34.01	5.77%	2.84%	7.75%	4.38%
MFD	66 Neutral	AU$33.00M	-1.59	-37.06%	―	18.84%	-1657.69%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
AHX	61 Neutral	AU$159.13M	186.96	0.68%	2.31%	1.11%	-84.06%
UNI	58 Neutral	AU$673.61M	28.92	15.62%	4.91%	15.51%	-32.98%
SHJ	55 Neutral	AU$115.19M	206.06	0.21%	7.30%	4.44%	-90.57%

Propel Funeral Partners Ltd. Corporate Events

Director Increases Stake in Propel Funeral Partners

Propel Funeral Partners Limited announced a change in the director’s interest, with Director Naomi Edwards acquiring an additional 15,690 ordinary shares through an on-market trade. This acquisition increases her total holding to 54,280 shares, reflecting a significant investment in the company and potentially signaling confidence in its future performance.

Propel Funeral Partners Issues New Equity Securities for Employee Incentive

Propel Funeral Partners Ltd. announced the issuance of unquoted equity securities, specifically performance rights over ordinary shares, as part of an employee incentive scheme. This move reflects the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and market positioning positively.

Propel Funeral Partners Issues Performance Rights to Employees

Propel Funeral Partners Ltd. announced the issuance of 80,657 performance rights over ordinary shares as part of an employee incentive scheme. This move is part of the company’s strategy to align employee interests with company performance, potentially impacting its operational dynamics and stakeholder engagement.

Propel Funeral Partners Secures Strong Shareholder Support at 2025 AGM

Propel Funeral Partners Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed by a poll. Notably, the company avoided a ‘second strike’ against its 2025 Remuneration Report, which prevented the need for a conditional spill resolution. This outcome reflects strong shareholder support and stability in the company’s governance.

Leadership Changes Announced at Propel Funeral Partners’ 2025 AGM

During Propel Funeral Partners Limited’s 2025 Annual General Meeting, several key leadership changes were announced. Neil Little and Lilli Rayner were welcomed to the board, while Peter Dowding retired as a Non-Executive Director. Additionally, Naomi Edwards will succeed Brian Scullin as Chair, marking a significant transition in the company’s leadership. These changes are expected to influence the company’s strategic direction and governance, potentially impacting its market positioning and stakeholder relationships.

Propel Funeral Partners to Release Shares from Escrow

Propel Funeral Partners Limited announced the release of 64,240 ordinary shares from voluntary escrow, which were initially issued for the acquisition of Community Funerals in 2022. This release is scheduled for 11 November 2025 and reflects the company’s ongoing strategic operations in the death care services industry, potentially impacting its market positioning and shareholder interests.

Propel Funeral Partners Announces Strategic Board Changes

Propel Funeral Partners Limited has announced significant changes to its board, effective following its 2025 Annual General Meeting. Neil Little, a seasoned funeral industry professional, joins as a Non-Executive Director, while Peter Dowding will retire. Brian Scullin will step down as Chair but remain a Non-Executive Director, with Naomi Edwards taking over as Chair. These changes aim to leverage the board’s expertise to support Propel’s long-term growth and industry positioning.

Propel Funeral Partners Announces 2025 AGM with Digital Access

Propel Funeral Partners Limited has announced its Annual General Meeting (AGM) for 2025, scheduled for November 13th in Sydney. The company is shifting to electronic distribution of meeting materials, encouraging shareholders to access documents online to save costs and benefit the environment. Shareholders are urged to submit proxy forms if unable to attend.

Propel Funeral Partners Ltd. Appoints New Director with Significant Shareholding

Propel Funeral Partners Ltd. announced the appointment of Neil Little as a new director, effective from October 10, 2025. Neil Little holds 578,282 ordinary shares through the Neil & Angela Little Family Trust, indicating his vested interest in the company. This appointment may influence the company’s strategic direction and potentially impact its market positioning.

Propel Funeral Partners Issues New Performance Rights

Propel Funeral Partners Ltd. has announced the issuance of 36,603 performance rights over ordinary shares, set to be converted on a one-for-one basis for FY26. This move, part of an employee incentive scheme, underscores the company’s commitment to aligning employee interests with corporate performance, potentially enhancing its operational effectiveness and stakeholder value.

Citigroup Ceases to be Substantial Holder in Propel Funeral Partners

Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in Propel Funeral Partners Ltd as of September 8, 2025. This change in substantial holding reflects a decrease in Citigroup’s relevant interest in Propel’s shares, impacting the company’s shareholder composition and potentially influencing its market dynamics.