Plato Income Maximiser Ltd. (AU:PL8)
ASX:PL8
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Plato Income Maximiser Ltd.
(Sydney:PL8)
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Rating:77Outperform
Price Target:
AU$1.50
â–²(3.45% Upside)
Action:ReiteratedDate:12/30/25
The score is driven primarily by strong financial positioning (no debt) and generally positive cash generation, tempered by meaningful volatility in revenue and earnings. Technicals are supportive with the price above major moving averages and a positive MACD, while valuation is helped by a moderate P/E and a solid dividend yield.
Positive Factors
Conservative balance sheet (zero debt)
Zero reported debt is a durable strength: it lowers solvency risk, preserves flexibility to hold through market drawdowns, and allows the trust to prioritize distributions or opportunistic buying without servicing interest. This structural conservatism supports resilience over the next 2–6 months.
Negative Factors
Volatile revenue and earnings
Material swings in revenue and profitability (including a 2022 loss, negative EBITDA in 2024 and a sharp 2025 revenue decline) show performance is materially driven by market/investment outcomes. This volatility undermines predictability of dividends and NAV growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
Zero reported debt is a durable strength: it lowers solvency risk, preserves flexibility to hold through market drawdowns, and allows the trust to prioritize distributions or opportunistic buying without servicing interest. This structural conservatism supports resilience over the next 2–6 months.
Read all positive factors
Plato Income Maximiser Ltd. (PL8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend Yield4.54%
Average Volume (3M)558.40K
Price to Earnings (P/E)9.6
Beta (1Y)0.18
Revenue Growth6.20%
EPS Growth15.29%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Income
Share Statistics
EPS (TTM)0.04
Shares Outstanding748,636,200
10 Day Avg. Volume624,853
30 Day Avg. Volume558,400
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)1.21
Price to Sales (P/S)20.94
P/FCF Ratio24.88
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
Plato Income Maximiser Ltd. Business Overview & Revenue Model
Company Description
Plato Income Maximiser Limited is a privately owned investment manager. The firm provides its services to SMSF and pension-phase investors. It invests in public equity markets of Australia. The firm invests in diversified portfolio of Australian s...
How the Company Makes Money
PL8 does not generate operating revenue from selling goods or services; instead, returns are generated for shareholders through investment performance. The company’s ability to pay dividends and grow net asset value is driven mainly by (1) dividen...
Plato Income Maximiser Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
88
Very Positive
Cash Flow
76
Positive
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 49.70M | 84.86M | 70.88M | -40.93M | 99.26M |
| Gross Profit | 109.71M | 84.40M | 65.75M | -45.52M | 95.62M |
| EBITDA | 102.55M | -376.00K | 0.00 | -290.00K | 0.00 |
| Net Income | 83.58M | 65.94M | 57.36M | -12.86M | 73.02M |
Balance Sheet | |||||
| Total Assets | 865.83M | 823.03M | 681.78M | 578.15M | 488.41M |
| Cash, Cash Equivalents and Short-Term Investments | 170.00K | 803.33M | 307.00K | 207.00K | 866.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.33M | 697.00K | 577.00K | 519.00K | 3.60M |
| Stockholders Equity | 856.50M | 822.33M | 681.20M | 577.63M | 484.81M |
Cash Flow | |||||
| Free Cash Flow | 41.83M | 42.77M | 47.64M | -12.86M | 22.84M |
| Operating Cash Flow | 41.83M | 42.77M | 47.64M | -12.86M | 22.84M |
| Investing Cash Flow | 7.45M | -117.94M | -93.73M | -151.27M | -2.31M |
| Financing Cash Flow | -49.41M | 75.16M | 46.19M | 105.68M | -20.57M |
Plato Income Maximiser Ltd. Technical Analysis
Negative
1.45
Price Trends
1.41
Negative
1.42
Negative
1.40
Negative
Market Momentum
-0.03
Positive
43.29
Neutral
57.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PL8, the sentiment is Negative. The current price of 1.45 is above the 20-day moving average (MA) of 1.37, above the 50-day MA of 1.41, and above the 200-day MA of 1.40, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 57.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PL8.
Plato Income Maximiser Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ― | 9.61 | 8.42% | 4.54% | 6.20% | 15.29% | |
70 Outperform | AU$306.57B | 12.51 | 13.27% | 3.00% | 6.39% | 7.78% | |
69 Neutral | AU$544.68M | 7.80 | 9.94% | 4.63% | 4.26% | 79.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$138.76B | 19.98 | 8.08% | 4.00% | -4.56% | -1.63% | |
56 Neutral | AU$1.67B | 8.08 | 6.18% | ― | 16.78% | 22.86% | |
52 Neutral | AU$96.19M | 2.59 | 23.10% | ― | -0.51% | ― |
* Financial Sector Average
AU:PL8
Plato Income Maximiser Ltd.
1.34
0.17
14.30%
AU:NAB
National Australia Bank Limited
45.36
13.53
42.52%
AU:CBA
Commonwealth Bank of Australia
183.38
33.06
21.99%
AU:PNC
Pioneer Credit Ltd
0.61
0.20
51.25%
AU:JDO
Judo Capital Holdings Limited
1.49
-0.17
-10.24%
AU:EQT
EQT Holdings Ltd.
20.33
-9.81
-32.54%
Plato Income Maximiser Ltd. Corporate Events
Plato Income Maximiser Updates NTA After Monthly Dividend
Apr 2, 2026
Plato Income Maximiser Limited reported an estimated pre-tax net tangible asset backing of $1.127 per share and a post-tax NTA of $1.119 per share as at 27 March 2026. These unaudited figures reflect the impact of the monthly dividend of $0.0055 p...
Plato Income Maximiser posts updated NTA after March dividend
Mar 27, 2026
Plato Income Maximiser Ltd reported an estimated pre-tax net tangible asset backing of $1.115 per share and a post-tax NTA of $1.110 per share as at 20 March 2026. These unaudited figures incorporate the impact of the monthly dividend of $0.0055 p...
Plato Income Maximiser Tops Benchmark as It Maintains Monthly Dividends
Mar 18, 2026
Plato Income Maximiser reported that as at 28 February 2026 its portfolio delivered a total return of 10.8% per annum after fees since inception, with income of 7.5% per annum including franking, marginally ahead of its Australian equity benchmark...
Plato Income Maximiser updates February NTA and franking balance
Mar 11, 2026
Plato Income Maximiser Limited reported its net tangible asset backing per share as at 28 February 2026, with a pre-tax NTA of $1.214 and a post-tax NTA of $1.182. The company also disclosed a franking account balance of $0.007 per share, signalli...
Plato Income Maximiser Declares Monthly Dividend for February 2026
Mar 2, 2026
Plato Income Maximiser Limited has declared a monthly dividend of AUD 0.0055 per ordinary fully paid share for the period ending 28 February 2026. The distribution will trade ex-dividend on 16 March 2026, with a record date of 17 March and payment...
Plato Income Maximiser Posts Updated NTA and Dividend-Adjusted Values
Feb 20, 2026
Plato Income Maximiser Limited has reported an estimated net tangible asset backing per share of $1.177 on a pre-tax basis and $1.156 on a post-tax basis as at 13 February 2026. The figures are unaudited and account for the monthly dividend of $0....
Plato Income Maximiser Outperforms Benchmark as Profit Eases and Monthly Dividends Held
Feb 20, 2026
Plato Income Maximiser reported a half-year profit of $28.4 million for the period to 31 December 2025, down $11.3 million from the prior corresponding half as overall market returns softened. Despite the lower profit, the portfolio delivered a to...
Plato Income Maximiser Issues Interim Half-Year Financial Report
Feb 20, 2026
Plato Income Maximiser Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with an overview of its financial performance and position for the period. The company notes that the interim...
Plato Income Maximiser Holds Dividends as Profit and Revenue Decline
Feb 20, 2026
Plato Income Maximiser Limited reported a 32.3% decline in revenue from ordinary activities to $34.7 million for the half year to 31 December 2025, with net profit after tax falling 28.4% to $28.4 million and statutory earnings per share down 28.3...
Plato Income Maximiser Declares Monthly Dividend for January 2026
Feb 2, 2026
Plato Income Maximiser Limited has announced a new monthly ordinary dividend of AUD 0.0055 per share for its PL8 fully paid ordinary shares, relating to the period ended 31 January 2026. The dividend will trade ex on 13 February 2026, with a recor...
Plato Income Maximiser Reports Weekly NTA and Confirms January Dividend
Jan 23, 2026
Plato Income Maximiser Limited has reported an estimated unaudited net tangible asset (NTA) backing per share as at 16 January 2026, with a pre-tax NTA of $1.178 and a post-tax NTA of $1.161. The company noted that these NTA figures are stated bef...
Plato Income Maximiser Declares Monthly Dividend for December 2025
Jan 19, 2026
Plato Income Maximiser Limited has declared a fully paid ordinary share distribution of AUD 0.0055 per share for the one‑month period ended 31 December 2025, continuing its program of regular monthly income payments to shareholders. The divi...
Plato Income Maximiser Holds Monthly Dividends Steady for March 2026 Quarter
Jan 19, 2026
Plato Income Maximiser Limited has declared three fully franked monthly dividends of $0.0055 per share for January, February and March 2026, maintaining the dividend level paid in the December 2025 quarter. The board’s decision reflects a mo...
Plato Income Maximiser Posts Weekly NTA and Franking Balance Update
Jan 16, 2026
Plato Income Maximiser Limited has released its estimated net tangible asset (NTA) backing per share as at 9 January 2026, reporting a pre-tax NTA of $1.160 and a post-tax NTA of $1.148 per share, with figures described as unaudited and approximat...
Plato Income Maximiser Posts Updated NTA and Franking Balance
Jan 15, 2026
Plato Income Maximiser Limited has released its estimated net tangible asset backing per share as at 2 January 2026, reporting a pre-tax NTA of $1.163 and a post-tax NTA of $1.150, with figures described as unaudited and approximate. The company a...
Plato Income Maximiser Reports December NTA and Franking Balance
Jan 9, 2026
Plato Income Maximiser Limited has reported its net tangible asset (NTA) backing per share as at 31 December 2025, with pre-tax NTA of $1.161 and post-tax NTA of $1.149. The company also disclosed a franking account balance equivalent to $0.011 pe...
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.