Pioneer Credit Ltd (AU:PNC)
ASX:PNC
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Pioneer Credit Ltd
(Sydney:PNC)
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Rating:52Neutral
Price Target:
AU$0.65
▲(5.90% Upside)
Action:ReiteratedDate:11/13/25
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
Business model resilience
Pioneer’s core model of purchasing charged-off consumer receivables and collecting over time creates a durable earnings mechanism: disciplined sourcing and superior collections convert discounted assets into recurring cash inflows, enabling long-term margin capture if underwriting and recovery capabilities persist.
Negative Factors
High financial leverage
Very high leverage materially increases refinancing and interest-rate risk for a company that depends on funding to acquire portfolios. Heavy debt levels reduce strategic optionality, magnify earnings variability from collections, and limit capacity to withstand prolonged downturns in recovery rates.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model resilience
Pioneer’s core model of purchasing charged-off consumer receivables and collecting over time creates a durable earnings mechanism: disciplined sourcing and superior collections convert discounted assets into recurring cash inflows, enabling long-term margin capture if underwriting and recovery capabilities persist.
Read all positive factors
Pioneer Credit Ltd (PNC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$101.76M
Dividend YieldN/A
Average Volume (3M)143.63K
Price to Earnings (P/E)2.6
Beta (1Y)1.12
Revenue Growth7.36%
EPS GrowthN/A
CountryAU
Employees349
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding160,721,340
10 Day Avg. Volume157,419
30 Day Avg. Volume143,634
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.16Price Target Upside89.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$97.42M
Pioneer Credit Ltd Business Overview & Revenue Model
Company Description
Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. It acquires and services retail debt portfolios. The company was incorporated in 2002 and is headquartered in Perth, Australia....
How the Company Makes Money
Pioneer Credit generates revenue primarily by purchasing non-performing consumer debt portfolios (typically charged-off receivables) from originating lenders (e.g., banks and other credit providers) at a discount to face value, then collecting rep...
Pioneer Credit Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.89M | 367.00K | 65.74M | 78.97M | 53.66M | 53.40M |
| Gross Profit | 74.08M | -37.41M | 65.74M | 73.17M | 48.15M | 47.62M |
| EBITDA | 43.09M | 45.95M | 13.45M | 35.50M | 8.93M | 11.30M |
| Net Income | 15.16M | 6.66M | -10.04M | 166.00K | -33.09M | -19.66M |
Balance Sheet | ||||||
| Total Assets | 396.51M | 388.58M | 367.94M | 326.75M | 339.45M | 270.32M |
| Cash, Cash Equivalents and Short-Term Investments | 136.38M | 120.28M | 118.21M | 114.51M | 119.37M | 83.77M |
| Total Debt | 311.39M | 304.56M | 293.35M | 275.72M | 266.71M | 207.47M |
| Total Liabilities | 325.86M | 328.00M | 323.74M | 284.82M | 298.38M | 215.65M |
| Stockholders Equity | 70.65M | 60.58M | 44.19M | 41.93M | 41.08M | 54.67M |
Cash Flow | ||||||
| Free Cash Flow | -2.13M | -12.81M | -29.54M | -20.44M | -47.57M | -18.45M |
| Operating Cash Flow | -2.09M | -12.59M | -28.83M | -19.96M | -46.76M | -17.02M |
| Investing Cash Flow | -189.00K | -217.00K | -707.00K | -478.00K | -812.00K | -28.96M |
| Financing Cash Flow | 10.08M | 12.22M | 25.28M | 5.78M | 60.27M | 15.51M |
Pioneer Credit Ltd Technical Analysis
Negative
0.61
Price Trends
0.66
Negative
0.67
Negative
0.63
Negative
Market Momentum
-0.02
Negative
45.31
Neutral
75.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNC, the sentiment is Negative. The current price of 0.61 is above the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.66, and below the 200-day MA of 0.63, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.31 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PNC.
Pioneer Credit Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$153.97M | 6.29 | 72.15% | ― | 19.38% | ― | |
59 Neutral | AU$803.87M | 5.42 | 10.55% | 4.81% | 3.49% | -12.05% | |
52 Neutral | AU$101.76M | 2.59 | 23.10% | ― | 7.36% | ― | |
43 Neutral | AU$67.46M | -1.10 | -43.76% | ― | 17.04% | -121.43% | |
41 Neutral | AU$35.23M | -2.58 | -26.13% | ― | 7.47% | 5.97% | |
38 Underperform | AU$8.77M | -3.94 | -36.66% | ― | 13.59% | 66.07% |
* Financial Sector Average
AU:PNC
Pioneer Credit Ltd
0.64
0.16
33.33%
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Credit Corp Group Limited
11.81
-0.99
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Wisr Ltd.
0.02
>-0.01
-33.33%
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Butn Limited
0.02
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-83.57%
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Plenti Group Ltd.
0.85
>-0.01
-0.59%
AU:MME
MoneyMe Ltd.
0.08
-0.06
-40.71%
Pioneer Credit Ltd Corporate Events
Pioneer Credit director Stephen Targett lifts shareholding in on-market trade
Mar 5, 2026
Pioneer Credit Limited has reported a change in the equity holdings of director Stephen Targett, who increased his stake in the company through an on-market purchase. The transaction underscores ongoing insider investment interest, potentially sig...
Pioneer Credit lifts FY26 profit guidance after major debt repricing
Mar 4, 2026
Pioneer Credit has upgraded its FY26 net profit after tax guidance to at least $23 million, representing a 28% increase on its original outlook and reflecting solid first-half revenue growth. The revision follows the repricing of its $55.5 million...
Pioneer Credit Cuts MTN Margin, Lifting Interest Savings and Balance Sheet Strength
Feb 22, 2026
Pioneer Credit Limited has secured a 315 basis point reduction in the margin on its $55.5 million Medium Term Notes, cutting the rate to BBSW plus 7.35% and delivering annual cash interest savings of $1.75 million while agreeing not to call the no...
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.