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PM Capital Global Opportunities Fund Ltd.
(Sydney:PGF)
PM Capital Global Opportunities Fund Ltd. (PGF) vs. iShares MSCI Australia ETF (EWA)
PM Capital Global Opportunities Fund Ltd. Business Overview & Revenue Model
PM Capital Global Opportunities Fund Ltd. Financial Statement Overview
| 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
PM Capital Global Opportunities Fund Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$949.36M | 8.64 | 14.51% | 4.92% | 21.81% | -43.93% | |
73 Outperform | ― | 1.99 | 27.73% | 3.98% | -134.47% | 15.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | AU$56.52M | 4.79 | 8.15% | 7.22% | 21.16% | 47.24% | |
54 Neutral | AU$287.07M | 10.89 | 12.36% | 2.86% | -26.30% | 40.12% | |
52 Neutral | AU$104.94M | 2.59 | 23.10% | ― | -0.51% | ― |
PM Capital Global Opportunities Fund Ltd. Corporate Events
PM Capital Global Opportunities Fund reported a 2.9% gain in February 2026, beating a broadly weaker global market and lifting its cumulative return since its 2013 inception to 565.7% on a net-of-fees basis. The fund’s NTA before tax accruals stood at AUD 2.9101 per share, with a portfolio skewed to European banks, industrial metals and global blue chips, and it remains heavily invested in equities with selective short positions.
Performance was driven by strong gains in holdings such as Heineken, BHP, Irish homebuilders Cairn Homes and Glenveagh Properties, and Royalty Pharma, which benefited from resilient earnings, supportive sector dynamics and robust order books. Apollo Global Management detracted amid sector-wide concerns over private credit and software exposure, but PM Capital views the pullback as an opportunity and added to the position, underscoring its conviction in the firm’s liquidity and ability to benefit from market volatility.
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 Ltd. has reported its unaudited weekly net tangible asset position as at 6 March 2026, showing NTA per share of $2.75 before tax accruals and $2.37 after tax, excluding deferred tax assets. These metrics offer investors a snapshot of the fund’s underlying asset backing and help gauge value relative to the current share price.
The company also confirmed that its previously announced fully franked dividend of 7.0 cents per share remains scheduled for payment on 21 April 2026, with shares trading ex-dividend on 19 March 2026. This payout, which implies a gross dividend yield of 6.32% per annum based on recent pricing, underscores the fund’s ongoing income focus for shareholders while highlighting that distributions depend on continued investment profitability and stable 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 Ltd. has reported its unaudited net tangible asset backing per share as at 28 February 2026, with NTA before tax accruals at $2.91 and NTA after tax at $2.47. These metrics give investors an updated view of the underlying value of the company’s portfolio on a per-share basis.
The fund confirmed that these NTA figures are stated before deducting a fully franked dividend of 7.0 cents per share, scheduled for payment on 21 April 2026, with shares trading ex-dividend from 19 March 2026. This dividend, implying a gross dividend yield of 6.08% per annum, underscores the company’s ongoing focus on income distribution for shareholders, while also temporarily reducing post-dividend NTA once paid.
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 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 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 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.
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 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 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 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 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 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 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 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. 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.