Perpetual Equity Investment Co. Ltd. (PIC) AI Stock Analysis

• Market Cap: AU$458.46M
• Dividend Yield: 6.5%
• Average Volume (3M): 344.26K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.57
• Revenue Growth: 66.51%
• EPS Growth: -4.07%
• Country: AU
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 0.07
• Shares Outstanding: 385,264,400
• 10 Day Avg. Volume: 352,219
• 30 Day Avg. Volume: 344,257
• PEG Ratio: -0.87
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 15.00
• P/FCF Ratio: 10.67
• 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$1.50 ▲(21.95% Upside)
• Action: Upgraded
• Date: 08/04/26

Positive Factors

Conservative, debt-free balance sheet

A debt-free capital structure with a large equity base (equity roughly $450m–$485m vs assets $458m–$531m) provides durable financial resilience. This strengthens the company’s ability to absorb market drawdowns, sustain dividend programs and deploy capital opportunistically without refinancing risk.

Negative Factors

Sharp top-line volatility

A large revenue contraction in FY2025 and historically volatile revenue undermine predictability of income and realized returns. For an LIC whose shareholder returns depend on portfolio performance, meaningful top-line swings increase the risk of inconsistent distributions and episodic underperformance.

Perpetual Equity Investment Co. Ltd. Business Overview & Revenue Model

Company Description

Perpetual Equity Investment Company Limited (PIC) is an Australia-based listed investment company that invests in a concentrated portfolio of Australian and global securities. The company's objective is to provide investors with a growing income s...

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Perpetual Equity Investment Company Limited (PIC) is an Australia-based listed investment company that invests in a concentrated portfolio of Australian and global securities. The company's objective is to provide investors with a growing income s...

How the Company Makes Money

PIC makes money primarily through investment returns generated from its actively managed portfolio of Australian listed equities. Its key earnings sources are: (1) Dividends and distributions received from portfolio holdings, which contribute to n...

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PIC makes money primarily through investment returns generated from its actively managed portfolio of Australian listed equities. Its key earnings sources are: (1) Dividends and distributions received from portfolio holdings, which contribute to n...

Perpetual Equity Investment Co. Ltd. Financial Statement Overview

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	17.81M	30.80M	43.59M	20.25M	113.37M	44.20M
Gross Profit	15.20M	30.80M	41.58M	80.84M	106.35M	159.43M
EBITDA	36.85M	25.04M	35.88M	73.55M	-32.37M	152.91M
Net Income	28.26M	21.72M	28.56M	55.01M	-17.91M	108.36M
Balance Sheet
Total Assets	507.58M	499.11M	503.06M	492.75M	457.90M	530.53M
Cash, Cash Equivalents and Short-Term Investments	8.17M	27.38M	483.22M	36.61M	22.31M	39.11M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	23.70M	21.57M	19.51M	10.18M	8.35M	46.04M
Stockholders Equity	483.88M	477.54M	483.55M	482.56M	449.55M	484.49M
Cash Flow
Free Cash Flow	-398.50K	43.32M	2.75M	-1.59M	-18.75M	-733.00K
Operating Cash Flow	-398.50K	43.32M	2.75M	-1.59M	-18.75M	-733.00K
Investing Cash Flow	0.00	0.00	0.00	37.88M	19.24M	7.05M
Financing Cash Flow	-20.95M	-27.73M	-27.57M	-21.99M	-17.29M	12.47M

Perpetual Equity Investment Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PIC, the sentiment is Positive. The current price of 1.23 is above the 20-day moving average (MA) of 1.18, above the 50-day MA of 1.17, and above the 200-day MA of 1.19, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.70 is Neutral, neither overbought nor oversold. The STOCH value of 81.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PIC.

Perpetual Equity Investment Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFF	76 Outperform	AU$3.11B	11.73	10.30%	3.67%	138.96%	-62.36%
PIC	73 Outperform	AU$458.46M	16.12	5.88%	6.56%	66.51%	-4.07%
MFG	71 Outperform	AU$2.79B	11.94	14.31%	5.99%	-12.42%	-36.36%
PAC	70 Outperform	AU$317.12M	-8.05	-12.50%	4.26%	-82.27%	-146.64%
MIR	63 Neutral	AU$564.12M	43.45	2.07%	4.06%	45.10%	44.28%
L1G	58 Neutral	AU$2.62B	128.75	58.96%	0.92%	215.38%	-82.04%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Perpetual Equity Investment Co. Ltd. Corporate Events