Pinnacle Investment Management Group Limited (PNI) AI Stock Analysis

• Market Cap: AU$3.76B
• Dividend Yield: 3.44%
• Average Volume (3M): 789.60K
• Price to Earnings (P/E): 27.6
• Beta (1Y): 2.30
• Revenue Growth: 37.42%
• EPS Growth: 38.37%
• Country: AU
• Employees: 118
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.26
• Shares Outstanding: 227,548,250
• 10 Day Avg. Volume: 821,375
• 30 Day Avg. Volume: 789,603
• PEG Ratio: 0.81
• Price to Book (P/B): 4.76
• Price to Sales (P/S): 57.58
• P/FCF Ratio: 35.22
• 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$25.56
• Price Target Upside: 46.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: AU$19.00 ▲(8.94% Upside)

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.

Pinnacle Investment Management Group Limited Business Overview & Revenue Model

Company Description

Pinnacle Investment Management Group Limited (PNI) is an Australian investment management firm that specializes in providing a range of investment solutions across various asset classes, including equities, fixed income, and alternative investments. The company operates through a diverse network of boutique investment managers, each focusing on delivering high-quality, risk-adjusted returns for clients. PNI is committed to aligning its interests with those of its investors and aims to provide innovative and tailored investment strategies to institutional and retail clients.

How the Company Makes Money

Pinnacle Investment Management Group Limited generates revenue primarily through management fees and performance fees from the funds managed by its boutique investment managers. The management fees are typically a percentage of the assets under management (AUM), which provides a steady income stream as long as the AUM remains stable or grows. Performance fees are earned when the investment returns exceed a predefined benchmark, incentivizing the managers to achieve superior performance. Additionally, PNI benefits from partnerships with its investment boutiques, allowing for shared resources and expertise while expanding its reach in the market. The company may also earn revenue from advisory services and other financial products offered to clients, thereby diversifying its income sources.

Pinnacle Investment Management Group Limited Financial Statement Overview

Summary

Pinnacle Investment Management Group Limited demonstrates strong financial health with significant revenue growth and high profitability margins. The balance sheet is robust with low leverage, enhancing financial stability. However, the decline in free cash flow growth poses a potential risk to liquidity, which should be monitored closely.

Income Statement

Pinnacle Investment Management Group Limited has shown impressive revenue growth with a 43.28% increase in the latest year, indicating strong market performance. The gross profit margin is exceptionally high at 90.35%, reflecting efficient cost management. However, the net profit margin is unusually high at 177.19%, which may suggest one-time gains or accounting adjustments. EBIT and EBITDA margins are also robust, showcasing operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.12, indicating low leverage and financial stability. The return on equity is solid at 14.64%, suggesting effective use of shareholder funds. The equity ratio stands at 86.56%, highlighting a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a concerning decline in free cash flow growth at -211.34%, which could impact future liquidity. However, the operating cash flow to net income ratio is strong, indicating good cash generation relative to net income. The free cash flow to net income ratio is nearly 1, suggesting that most of the net income is converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.65M	75.86M	47.56M	54.21M	42.12M	32.42M
Gross Profit	5.42M	68.54M	6.78M	52.65M	39.80M	30.04M
EBITDA	14.16M	146.79M	8.35M	16.74M	7.23M	3.69M
Net Income	134.43M	134.43M	90.35M	76.47M	76.36M	67.02M
Balance Sheet
Total Assets	1.06B	1.06B	582.99M	552.64M	536.76M	366.20M
Cash, Cash Equivalents and Short-Term Investments	26.56M	26.56M	184.82M	27.62M	38.27M	96.14M
Total Debt	110.36M	110.36M	109.43M	120.49M	121.66M	102.93M
Total Liabilities	142.55M	142.55M	127.10M	130.06M	134.57M	122.31M
Stockholders Equity	918.42M	918.42M	455.89M	422.57M	402.18M	243.89M
Cash Flow
Free Cash Flow	124.01M	124.01M	76.67M	58.78M	69.76M	53.36M
Operating Cash Flow	124.34M	124.34M	76.70M	58.79M	71.77M	53.41M
Investing Cash Flow	-444.38M	-444.38M	20.16M	-6.71M	-222.42M	-26.24M
Financing Cash Flow	314.04M	314.04M	-91.92M	-62.73M	92.78M	52.89M

Pinnacle Investment Management Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 17.44 is below the 20-day moving average (MA) of 19.29, below the 50-day MA of 18.93, and below the 200-day MA of 19.99, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 31.74 is Neutral, neither overbought nor oversold. The STOCH value of 7.89 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GQG	81 Outperform	AU$4.36B	6.10	116.22%	13.57%	25.96%	32.30%
MFG	71 Outperform	€1.62B	10.32	16.50%	6.36%	-13.22%	-29.69%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PNI	61 Neutral	AU$3.76B	27.59	19.56%	3.44%	37.42%	38.37%
AMP	51 Neutral	$4.44B	24.51	4.59%	1.76%	-14.92%	179.69%
IFL	51 Neutral	$3.06B	190.46	0.72%	―	-15.63%	―
PPT	50 Neutral	€2.16B	-36.55	-3.34%	6.10%	2.87%	87.93%

Pinnacle Investment Management Group Limited Corporate Events

Pinnacle Investment Management Reports Successful AGM Outcomes

Pinnacle Investment Management Group Limited held its 2025 Annual General Meeting, where all resolutions proposed were successfully carried. Key resolutions included the approval of the remuneration report, re-election of board members, and the issuance of shares under the Omnibus Incentive Plan, indicating strong shareholder support and strategic alignment with the company’s growth objectives.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$26.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Reports Strong Growth and Strategic Developments at 2025 AGM

Pinnacle Investment Management Group Limited’s Managing Director addressed the company’s 2025 Annual General Meeting, highlighting key financial outcomes and strategic developments. The company reported strong growth in core earnings and profitability, driven by its strategy of business diversity and robust platform. The introduction of new Affiliates, like Advantage Partners, and the success of existing ones, such as Hyperion, contributed to record net inflows and performance fees. The company remains confident in its growth agenda, emphasizing corporate sustainability and the work of the PNI Foundation.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$26.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Unveils Growth and Sustainability Plans Ahead of AGM

Pinnacle Investment Management Group Limited provided a market update ahead of its 2025 Annual General Meeting, highlighting its financial results for FY25 and the latest updates for Q1 FY26. The announcement included the introduction of a new affiliate, Advantage Partners, as part of its growth agenda, emphasizing the company’s commitment to corporate sustainability and its strategic positioning for future expansion.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$26.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Issues Unquoted Equity Securities for Employee Incentives

Pinnacle Investment Management Group Limited announced the issuance of 80,000 unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s ongoing efforts to incentivize employees and align their interests with the company’s growth objectives.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$19.80 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Appoints New Company Secretary

Pinnacle Investment Management Group Limited announced the resignation of Mr. Calvin Kwok as Company Secretary, with Mr. Terence Kwong appointed as his successor. Terence, who joined the company in 2017, brings extensive experience in financial services and legal expertise, positioning the company to maintain strong regulatory communications and operational continuity.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$19.80 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Announces 2025 AGM Details

Pinnacle Investment Management Group Limited has announced its 2025 Annual General Meeting (AGM), scheduled for 31 October 2025. The meeting will address several key business items, including the consideration of financial statements, re-election of directors, and issuance of shares under the Omnibus Incentive Plan, highlighting the company’s ongoing governance and strategic initiatives.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$25.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Announces Quotation of New Securities

Pinnacle Investment Management Group Limited has announced the quotation of 148,512 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 19, 2025. This move is part of a dividend or distribution plan, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s financial activities.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$25.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Announces Quotation of New Securities

Pinnacle Investment Management Group Limited announced the quotation of 100,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code PNI, effective September 17, 2025. This move signifies the company’s ongoing efforts to enhance its market presence and offer more investment opportunities to its stakeholders.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$25.40 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Updates Dividend Distribution Details

Pinnacle Investment Management Group Limited has updated its previous announcement to notify stakeholders of the currency exchange rate related to its dividend distribution. This update pertains to a dividend distribution for the six-month period ending on June 30, 2025, and reflects the company’s ongoing commitment to transparency in its financial operations.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Updates Dividend Distribution Details

Pinnacle Investment Management Group Limited has announced an update regarding its dividend distribution for the period ending June 30, 2025. The update specifies the Dividend Reinvestment Plan (DRP) price, which is crucial for stakeholders as it impacts their investment returns and the company’s capital management strategy.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Director’s Interest Change at Pinnacle Investment Management

Pinnacle Investment Management Group Limited announced a change in the director’s interest, with Christa Lenard acquiring 2,450 ordinary shares through an on-market trade. This acquisition reflects a strategic move in the company’s governance, potentially impacting its market perception and stakeholder confidence.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Announces Cessation of Securities

Pinnacle Investment Management Group Limited announced the cessation of 55,000 ordinary fully paid securities due to a buy-back under an employee share scheme. This move reflects the company’s ongoing capital management strategy and may impact its share capital structure, potentially influencing investor perceptions and market positioning.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Announces Daily Buy-Back Notification

Pinnacle Investment Management Group Limited has announced a daily buy-back notification for its ordinary fully paid securities, as per the ASX Security Code PNI. This move is part of the company’s strategic financial management efforts, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Announces Share Buy-Back

Pinnacle Investment Management Group Limited has announced a buy-back of its ordinary fully paid securities, with a total of 55,000 shares proposed to be repurchased. This move is part of the company’s strategic financial management efforts, potentially impacting its share value and providing benefits to its shareholders by returning capital.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Director Increases Shareholding

Pinnacle Investment Management Group Limited announced a change in the director’s interest, specifically regarding Deborah Beale’s indirect interest in the company’s securities. On September 3, 2025, Beale acquired 7,500 ordinary shares through an on-market trade, increasing her total holdings to 93,925 shares. This transaction reflects an investment of $145,428.10, indicating confidence in the company’s performance and potential impact on shareholder value.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$21.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Director Acquires Additional Shares

Pinnacle Investment Management Group Limited announced a change in the director’s interest, with Director Deborah Beale acquiring an additional 1,000 ordinary shares through an on-market trade. This acquisition increases her total holding to 86,425 shares, reflecting a continued confidence in the company’s performance and future prospects.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$23.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Announces Employee Share Buy-Back

Pinnacle Investment Management Group Limited announced a new employee share scheme buy-back, intending to repurchase 55,000 ordinary fully paid securities out of the total 226,774,736 securities on issue. This move is part of the company’s strategy to manage its capital structure and could have implications for its financial position and shareholder value.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$25.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Announces Share Buy-Back

Pinnacle Investment Management Group Limited announced a buy-back of 55,000 ordinary shares under its Omnibus Incentive Plan. This move, involving shares held by a former employee, will be executed on September 9, 2025, potentially impacting the company’s share structure and aligning with its strategic financial management.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$25.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.