PM Capital Global Opportunities Fund Ltd. (AU:PGF)
ASX:PGF
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PM Capital Global Opportunities Fund Ltd.
(Sydney:PGF)
Select Model
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Rating:73Outperform
Price Target:
AU$3.50
â–²(17.85% Upside)
Action:Reiterated
Date: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 Margins
Sustained very high gross and net margins indicate the fund’s investments and fee structure convert returns into profits efficiently. Durable margin strength supports long-term distributable income potential and cushions operating costs, aiding shareholder returns over multi-quarter horizons.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flows constrain the fund’s internal ability to fund distributions or cover expenses without realizing investments. Over months, this limits financial flexibility and raises reliance on asset sales or capital adjustments during weaker markets.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Sustained very high gross and net margins indicate the fund’s investments and fee structure convert returns into profits efficiently. Durable margin strength supports long-term distributable income potential and cushions operating costs, aiding shareholder returns over multi-quarter horizons.
Read all positive factors
PM Capital Global Opportunities Fund Ltd. (PGF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.47B
Dividend Yield3.98%
Average Volume (3M)1.33M
Price to Earnings (P/E)4.8
Beta (1Y)0.71
Revenue Growth1.30%
EPS Growth109.12%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.37
Shares Outstanding480,469,570
10 Day Avg. Volume380,314
30 Day Avg. Volume1,331,052
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)1.19
Price to Sales (P/S)4.95
P/FCF Ratio-67.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PM Capital Global Opportunities Fund Ltd. Business Overview & Revenue Model
Company Description
PM Capital Global Opportunities Fund Limited (PGF.AX) is a closed-end equity mutual fund overseen by PM CAPITAL Limited. Its investment strategy targets publicly traded companies across global markets. The fund aims to diversify its holdings by in...
How the Company Makes Money
PGF makes money primarily through investment returns generated on its portfolio. These returns typically come from (1) dividends and other distributions received from the underlying investments held in the portfolio, (2) interest income earned on ...
PM Capital Global Opportunities Fund Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.93M | 246.10M | 35.99M | 184.23M | 2.00M | 213.66M |
| Gross Profit | -4.05M | 244.70M | -131.76M | 165.15M | -15.24M | 204.43M |
| EBITDA | 250.06M | 233.28M | 173.18M | 176.71M | -4.82M | 208.48M |
| Net Income | 177.18M | 168.19M | 125.53M | 126.77M | -1.27M | 146.39M |
Balance Sheet | ||||||
| Total Assets | 1.48B | 1.25B | 929.99M | 807.40M | 617.50M | 644.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 6.43M | 31.98M | 23.09M | 41.93M | 25.27M |
| Total Debt | 72.41M | 65.42M | 49.45M | 53.35M | 10.20M | 32.12M |
| Total Liabilities | 303.67M | 225.63M | 171.33M | 135.61M | 62.35M | 106.88M |
| Stockholders Equity | 1.18B | 1.03B | 758.65M | 671.79M | 555.15M | 537.52M |
Cash Flow | ||||||
| Free Cash Flow | -32.04M | -18.15M | 4.87M | -16.38M | -19.72M | 6.44M |
| Operating Cash Flow | -32.04M | -18.15M | 4.87M | -16.38M | -19.72M | 6.44M |
| Investing Cash Flow | 48.84M | -123.31M | 46.74M | -35.09M | 39.02M | 28.63M |
| Financing Cash Flow | -27.44M | 100.27M | -38.67M | -10.13M | 18.90M | -19.30M |
PM Capital Global Opportunities Fund Ltd. Technical Analysis
Positive
2.97
Price Trends
2.94
Positive
2.95
Positive
2.83
Positive
Market Momentum
0.02
Negative
53.54
Neutral
35.04
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 above the 20-day moving average (MA) of 2.97, above the 50-day MA of 2.94, and above the 200-day MA of 2.83, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 35.04 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$915.67M | 7.96 | 14.51% | 4.92% | 45.75% | 40.60% | |
73 Outperform | AU$1.47B | 4.80 | 27.73% | 3.98% | 1.30% | 109.12% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$310.31M | 14.89 | 13.31% | 2.86% | -38.87% | 60.62% | |
62 Neutral | AU$55.61M | 11.45 | 8.15% | 7.22% | 24.53% | 50.00% | |
52 Neutral | AU$106.53M | 7.33 | 23.10% | ― | 7.36% | ― |
* Financial Sector Average
AU:PGF
PM Capital Global Opportunities Fund Ltd.
3.06
0.67
28.25%
AU:PNC
Pioneer Credit Ltd
0.70
0.21
42.86%
AU:RPL
VGI Partners Ltd.
2.51
0.54
27.61%
AU:COG
COG Financial Services Limited
1.46
>-0.01
-0.21%
AU:ENN
Elanor Investors Group
0.06
-0.76
-93.05%
AU:PFG
Prime Financial Group Limited
0.22
0.00
0.00%
PM Capital Global Opportunities Fund Ltd. Corporate Events
PM Capital Global Opportunities Fund Updates Weekly NTA and Implied Yield
Jun 8, 2026
PM Capital Global Opportunities Fund Ltd. has released its unaudited weekly net tangible asset figures as at 5 June 2026, reporting an NTA backing per ordinary share of $2.84 before tax accruals and $2.45 after tax, excluding deferred tax assets. ...
PM Capital Global Opportunities Fund Updates NTA and Dividend Yield Guidance
May 31, 2026
PM Capital Global Opportunities Fund Ltd. reported its unaudited net tangible asset backing per ordinary share as at 31 May 2026, with NTA before tax accruals of $2.86 and NTA after tax of $2.46. The disclosure gives investors an updated view of t...
PM Capital Global Opportunities Fund Reports Updated NTA and Reiterates Dividend Yield Guidance
May 24, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 22 May 2026, with NTA before tax accruals at $2.83 and NTA after tax, excluding deferred tax assets, at $2.43. The company als...
PM Capital Global Opportunities Fund Posts Strong April as Cyclicals and AI Winners Drive Gains
May 12, 2026
PM Capital Global Opportunities Fund reported a 6.7% portfolio gain in April 2026, lifting its since-inception cumulative return to 554.9% and NTA before tax accruals to AUD 2.7606 per share. The fund’s holdings are heavily weighted toward E...
PM Capital Global Opportunities Fund Reports Weekly NTA Update
May 10, 2026
PM Capital Global Opportunities Fund Ltd., an ASX-listed investment company based in Sydney, offers shareholders access to a globally diversified investment portfolio and reports performance metrics such as net tangible asset backing per share. Th...
PM Capital Global Opportunities Fund Updates NTA and Dividend Yield Metrics
May 3, 2026
PM Capital Global Opportunities Fund Ltd. reported its weekly net tangible asset position as at 1 May 2026, providing investors with an updated view of the underlying value of its portfolio on a per-share basis. The company disclosed an unaudited ...
PM Capital Global Opportunities Fund Reports Weekly NTA and Dividend Yield
Apr 26, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited weekly net tangible asset backing per ordinary share as at 24 April 2026, with NTA before tax accruals of $2.74 and NTA after tax, excluding deferred tax assets, of $2.35. The co...
PM Capital Global Opportunities Fund Seizes Market Volatility to Boost Global Equity Positions
Apr 21, 2026
PM Capital Global Opportunities Fund reports that global markets faced four major headwinds in the March 2026 quarter, including AI-driven disruption to software valuations, heightened concerns over private credit, steady U.S. interest rates, and ...
PM Capital Global Opportunities Fund Seeks ASX Quotation for New Dividend Plan Shares
Apr 20, 2026
PM Capital Global Opportunities Fund Ltd. has applied to the ASX for quotation of 545,219 new fully paid ordinary shares, to be issued on 21 April 2026 under its dividend or distribution plan. The additional securities modestly increase the fund&#...
PM Capital Global Opportunities Fund Confirms DRP Price for December Half-Year Dividend
Apr 14, 2026
PM Capital Global Opportunities Fund Limited has updated its earlier dividend notification for holders of its ordinary fully paid PGF shares, confirming details related to the distribution for the six-month period ended 31 December 2025. The annou...
PM Capital Global Opportunities Fund Hit by Geopolitical Jitters but Sticks to Long-Term Strategy
Apr 13, 2026
PM Capital Global Opportunities Fund reported a cumulative return since inception of 513.7% and an NTA before tax of A$2.6161 per share as at 31 March 2026, with a net invested equity position of 101% and key exposures to European domestic banks a...
PM Capital Global Opportunities Fund Updates NTA and Confirms Dividend Deduction
Apr 7, 2026
PM Capital Global Opportunities Fund Ltd. reported its unaudited net tangible asset backing per share as at 2 April 2026, with NTA before tax accruals at $2.66 and NTA after tax at $2.29. The figures reflect the deduction for a fully franked divid...
PM Capital Global Opportunities Fund Posts NTA Update and Confirms Dividend Deduction
Mar 29, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 27 March 2026, with NTA before tax accruals at $2.54 and NTA after tax at $2.21. These figures reflect the deduction of a full...
PM Capital Global Opportunities Fund Posts NTA Update and Confirms Dividend Deduction
Mar 22, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 20 March 2026, with NTA before tax accruals at $2.51 and NTA after tax, excluding deferred tax assets, at $2.18. The figures r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.