PM Capital Global Opportunities Fund Ltd. (PGF) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 3.98%
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): 4.9
• Beta (1Y): 0.55
• Revenue Growth: -134.47%
• EPS Growth: 15.25%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Global
• EPS (TTM): 0.37
• Shares Outstanding: 479,924,350
• 10 Day Avg. Volume: 380,314
• 30 Day Avg. Volume: 1,331,052
• PEG Ratio: 0.45
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 4.95
• P/FCF Ratio: -67.15
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$3.50 ▲(17.85% Upside)
• Action: Reiterated Date: 10/25/25
• Date: Action: Reiterated 10/25/25

The overall stock score of 73 reflects strong financial performance, particularly in profitability and balance sheet strength, combined with attractive valuation metrics. However, cash flow challenges and moderate technical indicators slightly temper the overall positive outlook.

Positive Factors

High Profitability

Exceptionally high gross and net margins indicate the fund captured outsized investment returns and operates with low incremental cost. Sustained high margins support NAV resilience and distribution capacity, implying durable capacity to generate shareholder value if investment performance remains consistent.

Prudent Balance Sheet

Very low leverage and a strong equity base give the company financial flexibility to withstand market drawdowns and to take advantage of dislocations. This capital structure reduces solvency risk and supports the ability to hold volatile positions without forced selling in stressed markets.

Globally Diversified Mandate

A global opportunities mandate and an experienced external manager broaden opportunity set and reduce single-market concentration. Structural geographic and sector diversification helps smooth returns over cycles and lets the manager rotate into pockets of long-term value across markets.

Negative Factors

Negative Operating Cash Flow

Reported earnings are not translating into positive operating cash generation, forcing reliance on unrealized gains or capital transactions. Over months this can constrain distributions, increase vulnerability to redemptions or require asset sales to fund obligations in weak markets.

Revenue / Return Volatility

Extremely large year-to-year swings point to returns driven by market valuation moves rather than steady income. Such volatility makes NAV and earnings less predictable, complicates planning for distributions, and raises the risk that recent gains may reverse in adverse market conditions.

External Manager Fee Drag

A material fee structure paid to the external manager creates a structural drag on net returns and can misalign incentives. Over time fees compound and reduce compounded shareholder returns relative to lower-cost alternatives, particularly in periods of modest gross portfolio performance.

PM Capital Global Opportunities Fund Ltd. Business Overview & Revenue Model

Company Description

PM Capital Global Opportunities Fund Limited is a closed ended equity mutual fund launched and managed by PM CAPITAL Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in value stocks of companies. PM Capital Global Opportunities Fund Limited was formed on December 12, 2013 and is domiciled in Australia.

How the Company Makes Money

PGF generates revenue primarily through capital appreciation of its investments and management fees charged to its investors. The fund typically realizes gains when it sells its portfolio holdings at a higher price than the purchase price. Additionally, it may receive income from dividends and interest on its investments. The revenue model is supported by the fund's ability to attract and retain investors, which is bolstered by its performance track record and strategic asset allocation. The management team may also engage in partnerships with other financial institutions or investment firms to enhance its investment strategies and access exclusive market opportunities, contributing to its overall earnings.

PM Capital Global Opportunities Fund Ltd. Financial Statement Overview

Summary

PM Capital Global Opportunities Fund Ltd. demonstrates strong profitability with a high net profit margin of 68.34% and a solid balance sheet characterized by a low debt-to-equity ratio of 0.064. However, cash flow challenges, including negative operating and free cash flow, pose risks to financial flexibility.

Income Statement

The income statement shows a strong performance with a remarkable revenue growth rate of 775.69% in the latest year, indicating a significant turnaround. The gross profit margin is exceptionally high at 99.43%, and the net profit margin is also robust at 68.34%. These metrics suggest excellent profitability and efficiency in operations. However, the volatility in revenue growth over the years suggests potential risks in maintaining consistent growth.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.064, indicating prudent leverage management. The return on equity is healthy at 16.37%, showcasing effective use of equity to generate profits. The equity ratio stands at 82.00%, highlighting a strong equity base relative to total assets. Despite these strengths, the company should maintain vigilance over its leverage to sustain financial stability.

Cash Flow

The cash flow statement reveals challenges, with negative operating cash flow and free cash flow in the latest period. The free cash flow growth rate is positive at 25.07%, showing improvement, but the operating cash flow to net income ratio is negative, indicating cash flow issues relative to reported earnings. The company needs to focus on improving cash flow generation to support long-term sustainability.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2021
Income Statement
Total Revenue	28.10M	246.10M	35.99M	184.23M	2.00M	213.66M
Gross Profit	9.91M	244.70M	-131.76M	165.15M	-15.24M	204.43M
EBITDA	178.23M	233.28M	173.18M	176.71M	-4.82M	208.48M
Net Income	129.35M	168.19M	125.53M	126.77M	-1.27M	146.39M
Balance Sheet
Total Assets	1.09B	1.25B	929.99M	807.40M	617.50M	644.40M
Cash, Cash Equivalents and Short-Term Investments	1.09B	6.43M	31.98M	23.09M	41.93M	25.27M
Total Debt	40.54M	65.42M	49.45M	53.35M	10.20M	32.12M
Total Liabilities	166.27M	225.63M	171.33M	135.61M	62.35M	106.88M
Stockholders Equity	923.86M	1.03B	758.65M	671.79M	555.15M	537.52M
Cash Flow
Free Cash Flow	-14.51M	-18.15M	4.87M	-16.38M	-19.72M	6.44M
Operating Cash Flow	-14.51M	-18.15M	4.87M	-16.38M	-19.72M	6.44M
Investing Cash Flow	-30.42M	-123.31M	46.74M	-35.09M	39.02M	28.63M
Financing Cash Flow	106.08M	100.27M	-38.67M	-10.13M	18.90M	-19.30M

PM Capital Global Opportunities Fund Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGF, the sentiment is Positive. The current price of 2.97 is below the 20-day moving average (MA) of 3.12, below the 50-day MA of 3.02, and above the 200-day MA of 2.72, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 56.09 is Neutral, neither overbought nor oversold. The STOCH value of 36.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PGF.

PM Capital Global Opportunities Fund Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGF	73 Outperform	―	4.94	18.84%	3.98%	-134.47%	15.25%
RPL	68 Neutral	AU$1.20B	8.38	5.73%	4.92%	21.81%	-43.93%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PFG	55 Neutral	AU$64.22M	9.39	8.35%	7.22%	21.16%	47.24%
COG	54 Neutral	AU$336.85M	17.16	12.36%	2.86%	-26.30%	40.12%
PNC	52 Neutral	AU$112.09M	7.40	12.72%	―	-0.51%	―

PM Capital Global Opportunities Fund Ltd. Corporate Events

PM Capital Global Opportunities Fund Outperforms Market on Copper and European Bank Strength

PM Capital Global Opportunities Fund reported a 2.3% net return for January 2026, significantly outperforming global equity markets, which fell 2.7% in AUD terms, and lifting its cumulative return since inception to 546.8%. The portfolio’s gains were driven by strong performance in copper-exposed miners, select European industrials and domestic European banks, while Sands China weighed on results after margin disappointment despite solid revenue growth.

Copper holdings such as Freeport McMoRan, Grupo Mexico and Teck Resources all rose strongly on record copper prices and well-received FY25 results, underpinning the fund’s commodities exposure. European industrials IMI plc and Aalberts NV rebounded on improving sector demand signals, and European banks including Lloyds and CaixaBank extended their rally, helping offset weakness in leisure and entertainment and reinforcing the fund’s tilt toward European financials and industrials.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA Update and Indicative Yield

PM Capital Global Opportunities Fund Ltd. has reported its unaudited weekly net tangible asset backing per ordinary share as at 6 February 2026, with NTA before tax accruals at $2.95 and NTA after tax, excluding deferred tax assets, at $2.50. The fund also referenced an indicative gross dividend yield of 5.85% per annum, signalling ongoing income potential for investors subject to market conditions and portfolio performance, which may influence shareholder valuation assessments and trading in its ASX‑listed shares.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA Update and Signals 5.82% Yield

PM Capital Global Opportunities Fund Ltd. has reported its unaudited weekly net tangible asset (NTA) backing per ordinary share as at 31 January 2026, with NTA before tax accruals of $2.91 and NTA after tax (excluding deferred tax assets) of $2.47. The release also references previously issued dividend guidance, implying an indicative gross dividend yield of 5.82% per annum based on the 30 January 2026 closing share price, highlighting the fund’s ongoing income proposition for shareholders while underscoring that the level and franking of dividends remain dependent on future investment profits and market conditions.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Flags Rail Mega-Merger as Pivotal Moment for U.S. Freight Industry

In its December 2025 quarterly report, PM Capital Global Opportunities Fund reiterated its commitment to a long-term, valuation-focused investment approach, emphasising the use of market volatility as an opportunity and positioning its portfolio for an environment where former tailwinds like low inflation are becoming headwinds. The fund highlighted a landmark proposed merger between U.S. freight rail operators Union Pacific and Norfolk Southern, which would create the first coast-to-coast rail network and potentially unlock significant new long-distance freight volumes, improve supply-chain efficiency and deliver material upside for Union Pacific shareholders, though the deal remains subject to regulatory approval and execution risk, underscoring a potentially pivotal moment for the North American rail industry.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA and 5.78% Indicative Yield

PM Capital Global Opportunities Fund Ltd. has reported its unaudited weekly net tangible asset (NTA) backing per ordinary share as at 23 January 2026, with NTA before tax accruals of $2.91 and NTA after tax (excluding deferred tax assets) of $2.47. The update, authorised by the company secretary, provides investors with a snapshot of the fund’s underlying asset value and is accompanied by an indicative gross dividend yield of 5.78% per annum, underscoring the fund’s current income appeal while implicitly highlighting that dividend sustainability remains contingent on future investment profits and prevailing market conditions.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA and Reaffirms Dividend Yield Guidance

PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 16 January 2026, with NTA before tax accruals at $2.94 and NTA after tax (excluding deferred tax assets) at $2.50. The company also referenced previously issued guidance indicating a gross dividend yield of 5.80% per annum based on the 16 January 2026 closing share price, underscoring its ongoing focus on providing income to shareholders while maintaining transparency around portfolio performance and asset backing.

The most recent analyst rating on (AU:PGF) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Outperforms in December on Metals and European Banks

PM Capital Global Opportunities Fund reported a 3.1% portfolio gain in December 2025, significantly outperforming the MSCI World Net Total Return Index, which fell 0.9% in Australian dollar terms. The result was driven by strong gains in European domestic banks and global materials, particularly copper and gold producers, amid record-high copper and gold prices, supportive sector rotation into undervalued European financials, and central bank policy divergence. Key holdings such as Freeport-McMoRan, Teck Resources, Newmont and several European banks rallied, helping lift the fund’s net tangible asset backing per share and contributing to a cumulative return of more than 532% since its 2013 inception, reinforcing its positioning as an actively managed, high-conviction global equities vehicle for long-term investors.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA Update

PM Capital Global Opportunities Fund Ltd has reported its unaudited weekly net tangible asset backing per share as at 9 January 2026, with NTA before tax accruals at $2.92 and NTA after tax (excluding deferred tax assets) at $2.48. The update, which also reiterates its previously issued dividend yield guidance, gives shareholders an indication of the current underlying value of the portfolio on a per-share basis and helps investors assess the fund’s performance and positioning in the market.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Weekly NTA and Confirms 6.01% Yield Indicator

PM Capital Global Opportunities Fund has reported its unaudited weekly net tangible asset backing per ordinary share as at 2 January 2026, with NTA before tax accruals at $2.87 and NTA after tax (excluding deferred tax assets) at $2.45. The company also reiterated a gross dividend yield of 6.01% per annum based on prior guidance and the latest closing share price, signalling ongoing income potential for shareholders while noting that dividend payments remain contingent on market conditions and future investment profits.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Reports Updated NTA for 24 December 2025

PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 24 December 2025, with NTA before tax accruals of $2.87 and NTA after tax (excluding deferred tax assets) of $2.44. The disclosure, which also references a previously issued gross dividend yield figure, provides investors with an updated snapshot of the fund’s asset backing and supports ongoing assessment of valuation and income expectations, although the company notes that future performance and dividend outcomes are contingent on market conditions and portfolio results.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Posts Updated NTA and Reiterates 6.17% Yield

PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 19 December 2025, with NTA before tax accruals at $2.86 and NTA after tax (excluding deferred tax assets) at $2.44. The company also reiterated a gross dividend yield of 6.17% per annum based on prior guidance, underscoring its income proposition for investors while noting that ongoing dividend capacity remains dependent on market conditions and portfolio performance.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Ltd. Reports NTA and Dividend Guidance

PM Capital Global Opportunities Fund Ltd. announced its Net Tangible Asset (NTA) backing per ordinary share as of December 12, 2025, with figures showing $2.82 before tax accruals and $2.41 after tax. The company also provided a forward guidance on its gross dividend yield, which stands at 6.29% per annum, emphasizing that the ability to continue paying fully franked dividends depends on future investment profits and market conditions.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Achieves Strong November Performance

PM Capital Global Opportunities Fund reported a 4.8% increase in November, driven by strong performances in European banks and the materials sector, outperforming the broader global market. The fund’s exposure to Irish banks and gold holdings significantly contributed to its growth, while challenges in the premium spirits market were noted. The fund’s cumulative return since inception stands at 513.5%, highlighting its robust performance and strategic positioning in the global equities market.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Global Opportunities Fund Ltd. Announces NTA and Dividend Guidance

PM Capital Global Opportunities Fund Ltd. announced its net tangible asset (NTA) backing per ordinary share as of December 5, 2025, with figures reported before and after tax accruals. The company also provided a forward guidance on its gross dividend yield, emphasizing the conditions under which fully franked dividends will be paid, highlighting the dependency on market conditions and investment performance.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.

PM Capital Announces NTA and Dividend Guidance

PM Capital Global Opportunities Fund Ltd. has announced its Net Tangible Asset (NTA) backing per ordinary share as of November 30, 2025, with figures reported before and after tax accruals. The company also provided a forward guidance on its gross dividend yield, indicating a 6.38% annual yield. This announcement reflects the company’s continued focus on providing value to its shareholders, although it is subject to market conditions and investment performance.

The most recent analyst rating on (AU:PGF) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on PM Capital Global Opportunities Fund Ltd. stock, see the AU:PGF Stock Forecast page.