Pioneer Credit Ltd (PNC) AI Stock Analysis

• Market Cap: AU$104.14M
• Dividend Yield: N/A
• Average Volume (3M): 143.63K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.37
• Revenue Growth: -0.51%
• EPS Growth: N/A
• Country: AU
• Employees: 349
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 0.05
• Shares Outstanding: 160,721,340
• 10 Day Avg. Volume: 157,419
• 30 Day Avg. Volume: 143,634
• PEG Ratio: -0.05
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 203.93
• P/FCF Ratio: -5.84
• 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: AU$0.97
• Price Target Upside: 42.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: AU$1.00 ▲(47.06% Upside)

Pioneer Credit Ltd's overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and high leverage. While technical indicators are positive, suggesting potential short-term gains, the financial risks and moderate valuation weigh heavily on the overall score.

Positive Factors

Positive Net Profit Margin

A positive net profit margin indicates that the company is able to maintain profitability despite revenue challenges, which can support long-term financial stability.

Strong EBIT Margin

A strong EBIT margin suggests efficient operations and cost management, which can enhance long-term profitability and competitive positioning.

Responsible Lending Practices

Responsible lending practices help maintain a stable repayment rate, reducing credit risk and supporting sustainable revenue growth over time.

Negative Factors

High Leverage

High leverage increases financial risk and can limit the company's ability to invest in growth opportunities, impacting long-term financial health.

Negative Cash Flow

Negative cash flow can strain the company's liquidity and limit its ability to fund operations and growth initiatives, posing a risk to long-term sustainability.

Revenue Decline

Significant revenue decline indicates challenges in market demand or competitive position, which can undermine long-term growth prospects and financial performance.

Pioneer Credit Ltd Business Overview & Revenue Model

Company Description

Pioneer Credit Ltd (PNC) is a financial services company based in Australia, specializing in providing consumer credit solutions and debt recovery services. The company operates primarily in the sectors of consumer finance and debt management, offering products such as personal loans, debt consolidation services, and credit management solutions. With a focus on responsible lending and customer support, Pioneer Credit aims to assist individuals in managing their financial obligations effectively.

How the Company Makes Money

Pioneer Credit Ltd generates revenue through multiple channels, primarily by offering personal loans and consumer credit products to individuals. The company earns interest income from the loans it provides, which is a significant revenue stream. Additionally, PNC engages in debt recovery services, charging fees for recovering outstanding debts on behalf of clients. The company may also generate income from partnerships with financial institutions and service providers. These partnerships can enhance their service offerings and expand their customer reach, contributing to their overall earnings. Furthermore, PNC's revenue is supported by an emphasis on responsible lending practices, which helps maintain a stable repayment rate from borrowers.

Pioneer Credit Ltd Financial Statement Overview

Summary

Pioneer Credit Ltd is facing a challenging financial situation with significant revenue decline and high leverage. Despite positive net profit and EBIT margins, the negative gross profit margin and cash flow challenges highlight financial instability. Strategic improvements are needed for stability.

Income Statement

Pioneer Credit Ltd has experienced significant revenue decline, with a dramatic drop in revenue growth rate to -98.95% in the latest year. Despite this, the company managed to achieve a positive net profit margin of 18.16% and a strong EBIT margin of 121.11%. However, the negative gross profit margin indicates challenges in cost management.

Balance Sheet

The company exhibits high leverage with a debt-to-equity ratio of 5.03, indicating potential financial risk. Return on equity is modest at 0.11%, suggesting limited profitability relative to equity. The equity ratio stands at 15.59%, reflecting a low proportion of equity financing.

Cash Flow

Pioneer Credit Ltd faces cash flow challenges, with negative operating cash flow and free cash flow. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow covers net income, but the negative growth in free cash flow (-42.22%) is concerning.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.86M	367.00K	65.74M	78.97M	53.66M	53.40M
Gross Profit	58.86M	-37.41M	65.74M	73.17M	48.15M	47.62M
EBITDA	42.26M	45.95M	13.45M	35.50M	8.93M	11.30M
Net Income	6.66M	6.66M	-10.04M	166.00K	-33.09M	-19.66M
Balance Sheet
Total Assets	388.58M	388.58M	367.94M	326.75M	339.45M	270.32M
Cash, Cash Equivalents and Short-Term Investments	120.28M	120.28M	118.21M	114.51M	119.37M	83.77M
Total Debt	304.56M	304.56M	293.35M	275.72M	266.71M	207.47M
Total Liabilities	328.00M	328.00M	323.74M	284.82M	298.38M	215.65M
Stockholders Equity	60.58M	60.58M	44.19M	41.93M	41.08M	54.67M
Cash Flow
Free Cash Flow	-12.64M	-12.81M	-29.54M	-20.44M	-47.57M	-18.45M
Operating Cash Flow	-12.59M	-12.59M	-28.83M	-19.96M	-46.76M	-17.02M
Investing Cash Flow	-217.00K	-217.00K	-707.00K	-478.00K	-812.00K	-28.96M
Financing Cash Flow	19.33M	12.22M	25.28M	5.78M	60.27M	15.51M

Pioneer Credit Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.68
• 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:PNC, the sentiment is Positive. The current price of 0.68 is below the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.68, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.48 is Neutral, neither overbought nor oversold. The STOCH value of 27.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PNC.

Pioneer Credit Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PLT	67 Neutral	AU$237.74M	9.44	95.31%	―	19.38%	―
CCP	57 Neutral	€953.62M	10.13	11.07%	4.89%	5.01%	85.56%
PNC	52 Neutral	AU$104.14M	15.20	12.72%	―	-0.51%	―
WZR	42 Neutral	AU$47.85M	-6.54	-19.44%	―	-2.35%	13.33%
MME	42 Neutral	AU$89.11M	-1.32	-42.59%	―	-9.56%	-392.31%
BTN	38 Underperform	AU$34.60M	-9.58	-26.29%	―	8.28%	84.45%

Pioneer Credit Ltd Corporate Events

Pioneer Credit Achieves Further Margin Reduction on Finance Facility

Pioneer Credit Limited has announced a 15-basis point reduction in the pricing of its $272.5 million syndicated senior finance facility, achieved through sustainability-linked provisions. This reduction, reflecting Pioneer’s leadership in responsible customer engagement, results in annualised pre-tax interest savings of over $3 million, highlighting the company’s focus on reducing funding costs and strengthening its operating model.

Pioneer Credit Director Adjusts Shareholding in Strategic Move

Pioneer Credit Limited announced a change in the director’s interest, with Keith Roy John disposing of 25,000 fully paid ordinary shares through an off-market transfer. This adjustment in shareholding reflects a strategic move related to employee incentives, potentially impacting the company’s internal equity distribution and aligning with its broader operational goals.

Pioneer Credit’s 2025 AGM Results Show Strong Shareholder Support

Pioneer Credit Limited announced the results of its 2025 Annual General Meeting, where all resolutions were carried with significant support. Key outcomes included the re-election of Pauline Gately, the election of David Birrell, and the approval of a 10% placement facility. These decisions reflect strong shareholder confidence and position the company for continued growth and operational stability.

Pioneer Credit’s Strategic Focus on Growth and Customer Support

Pioneer Credit Limited’s Managing Director presented today, highlighting the company’s commitment to supporting Australians in achieving financial independence. The presentation underscores the company’s strategic focus on leveraging its industry relationships and compliance record to drive future growth, potentially strengthening its market position and benefiting stakeholders.

Pioneer Credit Reports Strong FY25 Performance and Market Positioning

Pioneer Credit Limited reported a significant return to profitability and growth in FY25, surpassing market expectations with a statutory net profit after tax of $6.7 million and a normalised net profit after tax of $10.5 million. The company achieved notable financial performance through disciplined execution, operational efficiency, and a commitment to ending debt stress, as evidenced by increased cash collections, EBITDA, and EBIT. Pioneer Credit also strengthened its market position by securing agreements with all four major banks in Australia, reflecting its reputation as an ethical servicer with a customer-first philosophy.

Pioneer Credit Secures Margin Reduction on Finance Facility

Pioneer Credit Limited has announced a 100-basis point reduction in the pricing of its $272.5 million senior finance facility, effective from November 1, 2025. This repricing is expected to save the company approximately $2.5 million annually in pre-tax interest, reflecting its strong financial performance in FY25 and positive outlook for FY26. The company is fully funded for its FY26 Purchased Debt Portfolio investment program, projected to exceed $80 million, with commitments to be met through free cash flow. Pioneer has agreed not to repay the facility before July 2027, ahead of its maturity in July 2028, while maintaining all financial covenants.

Pioneer Credit Announces Virtual AGM and Key Resolutions

Pioneer Credit Limited has announced its upcoming Annual General Meeting, scheduled for October 30, 2025, to be held virtually. The meeting will address several resolutions, including the re-election of directors and approval of a placement facility. This announcement signifies the company’s ongoing commitment to governance and strategic growth, potentially impacting its market positioning and stakeholder relations.

Pioneer Credit Proposes New Non-Executive Director Appointment

Pioneer Credit Limited has announced the proposed appointment of Mr. David Birrell as a non-executive director, nominated by its largest institutional shareholder, Samuel Terry Asset Management (STAM). Mr. Birrell, who has over 25 years of experience in capital markets, previously played a significant role in STAM’s decision to invest in Pioneer. The board unanimously recommends his election, reflecting STAM’s desire to maintain a close connection with the company.

Pioneer Credit Announces 2025 AGM and FY26 Outlook

Pioneer Credit Limited has announced that its 2025 Annual General Meeting will be held on 30 October 2025 via a live webcast. During the meeting, Managing Director Keith John will update shareholders on the company’s year-to-date performance and outlook for FY26. This meeting is significant for stakeholders as it provides insights into the company’s operational progress and future strategies.