Pinnacle Investment Management Group Limited (AU:PNI)
ASX:PNI
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Pinnacle Investment Management Group Limited
(Sydney:PNI)
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Rating:61Neutral
Price Target:
AU$16.00
â–¼(-6.38% Downside)
Action:Reiterated
Date:11/07/25
Pinnacle Investment Management Group Limited's overall stock score is primarily driven by its strong financial performance, characterized by impressive revenue growth and high profitability margins. However, bearish technical indicators and a relatively high P/E ratio suggest caution. The stock's valuation is somewhat mitigated by a decent dividend yield, but the lack of positive market momentum and expensive valuation weigh on the overall score.
Positive Factors
Revenue Growth
Sustained 43% topline growth reflects durable demand for the firm's affiliate platform and successful scaling of distribution. Because PNI earns recurring management fees tied to FUM, consistent revenue expansion indicates deeper market penetration and a growing base of fee-generating strategies.
Negative Factors
Free Cash Flow Decline
A drastic drop in free cash flow growth is a structural red flag for liquidity and capital allocation. Even with operating cash converting well to net income, sharply negative FCF trends can constrain dividends, M&A or platform investment absent corrective action or improved cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 43% topline growth reflects durable demand for the firm's affiliate platform and successful scaling of distribution. Because PNI earns recurring management fees tied to FUM, consistent revenue expansion indicates deeper market penetration and a growing base of fee-generating strategies.
Read all positive factors
Pinnacle Investment Management Group Limited (PNI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.43B
Dividend Yield3.45%
Average Volume (3M)789.60K
Price to Earnings (P/E)26.0
Beta (1Y)2.11
Revenue Growth11.69%
EPS Growth-15.05%
CountryAU
Employees118
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.57
Shares Outstanding240,985,020
10 Day Avg. Volume821,375
30 Day Avg. Volume789,603
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)4.76
Price to Sales (P/S)57.58
P/FCF Ratio35.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$22.64Price Target Upside32.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.66
Revenue Forecast (FY)AU$94.69M
Pinnacle Investment Management Group Limited Business Overview & Revenue Model
Company Description
Pinnacle Investment Management Group Limited is an investment management company based in Australia. The firm delivers a range of services, encompassing third-party fund distribution and crucial infrastructure and support for its affiliated entiti...
How the Company Makes Money
PNI makes money primarily by earning a share of the fees generated by its affiliated investment boutiques. The underlying boutiques earn recurring management fees (often calculated as a percentage of funds under management) for running investment ...
Pinnacle Investment Management Group Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.48M | 75.86M | 47.56M | 54.21M | 42.12M | 32.42M |
| Gross Profit | 34.63M | 68.54M | 6.78M | 52.65M | 39.80M | 30.04M |
| EBITDA | 19.10M | 146.79M | 8.35M | 16.74M | 7.23M | 3.69M |
| Net Income | 126.06M | 134.43M | 90.35M | 76.47M | 76.36M | 67.02M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.06B | 582.99M | 552.64M | 536.76M | 366.20M |
| Cash, Cash Equivalents and Short-Term Investments | 55.41M | 26.56M | 184.82M | 27.62M | 38.27M | 96.14M |
| Total Debt | 119.73M | 110.36M | 109.43M | 120.49M | 121.66M | 102.93M |
| Total Liabilities | 133.68M | 142.55M | 127.10M | 130.06M | 134.57M | 122.31M |
| Stockholders Equity | 933.86M | 918.42M | 455.89M | 422.57M | 402.18M | 243.89M |
Cash Flow | ||||||
| Free Cash Flow | 360.34M | 124.01M | 76.67M | 58.78M | 69.76M | 53.36M |
| Operating Cash Flow | 360.72M | 124.34M | 76.70M | 58.79M | 71.77M | 53.41M |
| Investing Cash Flow | -262.44M | -444.38M | 20.16M | -6.71M | -222.42M | -26.24M |
| Financing Cash Flow | -133.28M | 314.04M | -91.92M | -62.73M | 92.78M | 52.89M |
Pinnacle Investment Management Group Limited Technical Analysis
Negative
17.09
Price Trends
15.36
Negative
15.65
Negative
16.79
Negative
Market Momentum
-0.08
Positive
44.33
Neutral
48.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNI, the sentiment is Negative. The current price of 17.09 is above the 20-day moving average (MA) of 15.39, above the 50-day MA of 15.36, and above the 200-day MA of 16.79, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 44.33 is Neutral, neither overbought nor oversold. The STOCH value of 48.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PNI.
Pinnacle Investment Management Group Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | AU$4.11B | 6.19 | 107.67% | 10.91% | 8.76% | 8.17% | |
71 Outperform | AU$1.60B | 10.55 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$3.43B | 26.03 | 13.61% | 3.45% | 11.69% | -15.05% | |
50 Neutral | AU$1.81B | -108.45 | -1.00% | 6.01% | 2.23% | 96.71% | |
44 Neutral | AU$3.76B | 28.76 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:PNI
Pinnacle Investment Management Group Limited
14.98
-4.78
-24.20%
AU:AMP
AMP
1.52
0.31
25.93%
AU:MFG
Magellan Financial Group Ltd
8.67
0.72
9.04%
AU:PPT
Perpetual Limited
15.73
-1.75
-9.99%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.39
-0.47
-25.43%
Pinnacle Investment Management Group Limited Corporate Events
Pinnacle Issues 202,500 Unquoted Options Under Employee Incentive Scheme
May 12, 2026
Pinnacle Investment Management Group Limited has notified the market of the issue of 202,500 unquoted options under its employee incentive scheme, with various exercise prices and expiry dates, effective May 12, 2026. The additional unquoted equit...
Pinnacle Seeks ASX Quotation for 1.6 Million New Incentive Shares
May 12, 2026
Pinnacle Investment Management Group Limited has applied to the ASX for quotation of 1,607,500 new ordinary fully paid shares. The securities, issued on 12 May 2026 under an employee incentive scheme, will be listed for trading and are not subject...
Pinnacle to Present at Macquarie Australia Conference
May 4, 2026
Pinnacle Investment Management Group Limited has announced that it will present to investors and analysts at the Macquarie Australia Conference in early May 2026. The conference appearance underscores the company’s efforts to engage the inve...
Pinnacle Seeks ASX Quotation for Over 10.5 Million New Shares
Apr 24, 2026
Pinnacle Investment Management Group Limited has applied for quotation on the ASX of 10,546,794 new fully paid ordinary shares under the ticker PNI. The additional securities, issued on 24 April 2026, will expand the company’s quoted share c...
Pinnacle Finalises Acquisition of Remaining Stake in Pacific Asset Management
Apr 24, 2026
Pinnacle Investment Management Group Limited has completed the acquisition of the remaining approximately 79.2% stake in Pacific Asset Management LLP, finalising a transaction first announced in early February 2026. The completion consolidates Pin...
Pinnacle to Issue New Shares as Pacific Asset Management Deal Nears Completion
Apr 19, 2026
Pinnacle Investment Management Group Limited has confirmed that the proposed issue of new Pinnacle shares will proceed in connection with its acquisition of interests in Pacific Asset Management LLP and related entities. The issuance is structured...
Pinnacle Wins Regulatory Clearance to Complete Pacific Asset Management Acquisition
Apr 19, 2026
Pinnacle Investment Management Group Limited has secured regulatory clearance from both the U.K. Financial Conduct Authority and the Dubai Financial Services Authority for its acquisition of the remaining approximately 79.2% stake in Pacific Asset...
Pinnacle Expands CBA Debt Facility to $250m to Support Growth
Apr 7, 2026
Pinnacle Investment Management Group Limited has secured an extension and significant upsizing of its debt facility with Commonwealth Bank of Australia, lifting the limit from $100 million to $250 million while maintaining existing pricing terms. ...
Pinnacle Director Ian Macoun Increases Stake via Dividend Reinvestment
Mar 20, 2026
Pinnacle Investment Management Group Limited has disclosed a change in the interests of director Ian Macoun, reflecting a modest increase in his shareholding. The update reinforces transparency around board members’ equity positions, which i...
Pinnacle lists new shares from dividend plan on ASX
Mar 20, 2026
Pinnacle Investment Management Group Limited has applied for quotation on the ASX of 192,499 new ordinary fully paid shares, issued on March 20, 2026. The securities have been issued under a dividend or distribution plan, modestly increasing Pinna...
Pinnacle Seeks ASX Quotation for New Employee Incentive Shares
Mar 19, 2026
Pinnacle Investment Management Group Limited has applied for quotation of 15,000 new fully paid ordinary shares on the ASX, issued on 19 March 2026 under an employee incentive scheme. The relatively small share issue supports the company’s o...
Pinnacle Updates Currency Details on Interim Dividend for December Half
Mar 17, 2026
Pinnacle Investment Management Group Limited, the ASX-listed asset manager trading under ticker PNI, focuses on delivering diversified investment solutions via a stable of specialist affiliate managers. It generates revenue primarily from funds ma...
Pinnacle Updates Dividend Details and Confirms DRP Pricing
Mar 16, 2026
Pinnacle Investment Management Group Limited has updated its earlier dividend notification for ordinary fully paid shares, specifying the dividend reinvestment plan price for the interim distribution relating to the six months ended 31 December 20...
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.