Pinnacle Investment Management Group Limited (PNI) AI Stock Analysis

• Market Cap: AU$4.61B
• Dividend Yield: 2.77%
• Average Volume (3M): 679.54K
• Price to Earnings (P/E): 34.0
• Beta (1Y): 2.15
• Revenue Growth: 37.42%
• EPS Growth: 38.37%
• Country: AU
• Employees: 118
• Sector: Financial
• Sector Strength: 78
• Industry: Asset Management
• EPS (TTM): 0.26
• Shares Outstanding: 226,774,730
• 10 Day Avg. Volume: 621,567
• 30 Day Avg. Volume: 679,536
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$24.91
• Price Target Upside: 16.02% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: AU$23.50 ▲(9.46% Upside)

Pinnacle Investment Management Group Limited has a strong financial foundation with impressive revenue growth and profitability. However, technical indicators suggest bearish momentum, and the stock's high valuation could limit upside potential. The lack of earnings call and corporate events data means these factors do not influence the score.

Pinnacle Investment Management Group Limited Business Overview & Revenue Model

Company Description

Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company was formerly known as Wilson Group Limited and changed its name to Pinnacle Investment Management Group Limited in August 2016. Pinnacle Investment Management Group Limited was founded in 1895 and is based in Sydney, Australia with additional offices in Brisbane, Australia, Melbourne, Australia, and London, United Kingdom.

How the Company Makes Money

Pinnacle Investment Management Group Limited primarily generates revenue through its multi-affiliate model, earning income by providing distribution and business support services to its affiliated boutique fund managers. The company takes a minority equity stake in these affiliates, sharing in their earnings and leveraging its platform to enhance their distribution capabilities and operational efficiencies. Revenue streams include management fees based on a percentage of assets under management (AUM), performance fees tied to the investment performance of managed funds, and service fees related to the support provided to affiliates. These revenue streams are influenced by factors such as the growth in AUM, market performance, and the successful acquisition and retention of clients by the affiliates. Pinnacle also benefits from strategic partnerships and collaborations that enhance its product offerings and distribution reach.

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: Positive
• Last Price: 21.47
• 50DMA: Negative
• 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:PNI, the sentiment is Positive. The current price of 21.47 is below the 20-day moving average (MA) of 22.40, below the 50-day MA of 21.66, and above the 200-day MA of 21.18, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 45.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
Sector *	68 Neutral	$17.93B	11.86	10.28%	3.71%	9.75%	1.60%
PNI	68 Neutral	AU$4.61B	33.97	19.56%	2.77%	37.42%	38.37%
AMLTF	―	$2.83B	29.16	4.59%	1.47%	―	―
IOOFF	―	$1.98B	174.49	0.72%	2.37%	―	―
NNA	―	€976.08M	9.96	16.50%	―	―	―
PVQ	―	€1.39B	―	-3.34%	―	―	―
GQG	81 Outperform	AU$5.16B	7.22	116.22%	12.60%	25.96%	32.30%

Pinnacle Investment Management Group Limited Corporate Events

Pinnacle Investment to Discuss FY2025 Financial Results in Upcoming Teleconference

Pinnacle Investment Management Group Limited has announced a teleconference scheduled for August 6, 2025, where key executives will discuss the company’s full-year FY2025 financial results. This event is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Initiates Employee Share Buy-Back

Pinnacle Investment Management Group Limited has announced a new buy-back initiative involving 25,000 ordinary fully paid securities as part of an employee share scheme. This move is likely aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting a strategic decision to manage equity distribution effectively.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Under Incentive Plan

Pinnacle Investment Management Group Limited has announced a buy-back and cancellation of 25,000 ordinary shares under its Omnibus Incentive Plan. This move involves shares held by a former employee who is no longer entitled to them, and the buy-back is scheduled for implementation on July 24, 2025. This action reflects the company’s commitment to maintaining the integrity of its incentive plans and could have implications for its stock management and stakeholder relations.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Ceases Substantial Holding in Michael Hill International

Pinnacle Investment Management Group Limited, along with its subsidiaries, has ceased to be a substantial holder in Michael Hill International Ltd as of June 24, 2025. This change indicates a shift in Pinnacle’s investment strategy or portfolio management, potentially impacting its influence over Michael Hill International’s voting securities and decision-making processes.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Adjusts Shareholding

Pinnacle Investment Management Group Limited announced a change in the director’s interest, as Deborah Beale disposed of 30,000 ordinary shares through an on-market trade, reducing her holdings to 85,425 shares. This transaction, valued at approximately $592,554, reflects a strategic adjustment in shareholding, potentially impacting the company’s shareholder composition and market perception.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Reduces Shareholding

Pinnacle Investment Management Group Limited announced a change in the director’s interest, with Ian Macoun disposing of 3,932,092 ordinary shares through an off-market trade. This transaction, valued at approximately $76.7 million, reduces Macoun’s holdings to 14,343,985 shares, potentially impacting the company’s shareholder structure and market perception.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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: Change in Substantial Holder’s Voting Power

Pinnacle Investment Management Group Limited has announced a change in the interests of a substantial holder, NTQ Pty Ltd, which is associated with various Macoun family trusts and superannuation funds. The substantial holder’s voting power has decreased from 8.2% to 6.3% following the disposal of a significant number of ordinary shares. This reduction in voting power may impact the company’s shareholder dynamics and influence within the company.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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’s Ian Macoun Sells Shares, Retains Significant Stake

Pinnacle Investment Management Group Limited announced the sale of approximately 1.73% of its issued capital, amounting to 3.932 million shares, by entities associated with its Managing Director, Ian Macoun. Despite the sale, Mr. Macoun retains a significant stake in the company, holding 6.3% of the issued capital. The transaction allows him to reinvest in funds managed by Metrics, which offer attractive yields. The company’s Chair, Alan Watson, emphasized that Mr. Macoun’s retirement is not imminent, and discussions about his succession are ongoing, ensuring the company’s continued growth and success.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Acquires Substantial Stake in Nanosonics

Pinnacle Investment Management Group Limited has become a substantial holder in Nanosonics Ltd, acquiring a 5.21% voting power with 15,812,969 ordinary fully paid shares. This move signifies Pinnacle’s strategic interest in Nanosonics, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Gains State Street as Substantial Holder

Pinnacle Investment Management Group Limited has announced the acquisition of a substantial holding in their company by State Street Corporation and its subsidiaries. This development indicates a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic direction. The involvement of major institutional investors like State Street could enhance Pinnacle’s market positioning and influence within the investment management industry.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Group Limited Ceases Substantial Holding

Pinnacle Investment Management Group Limited has announced that it has ceased to be a substantial holder in a company, as indicated in a notice dated June 11, 2025. This change in substantial holding reflects a shift in the company’s voting securities and associations, which may impact its influence and strategic positioning within the market.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Increases Stake in Curvebeam AI

Pinnacle Investment Management Group Limited has increased its voting power in Curvebeam AI Ltd from 7.80% to 8.80%, reflecting a strategic move to enhance its influence within the company. This change in substantial holding indicates Pinnacle’s growing interest and potential influence in Curvebeam AI, which could have implications for the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Gains Significant Stake in Nine Entertainment

Pinnacle Investment Management Group Limited has become a substantial holder in Nine Entertainment Co Holdings Limited, acquiring a 5.01% voting power through ordinary fully paid shares. This strategic move enhances Pinnacle’s influence in the media industry, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 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 Sees Major Shift in Substantial Holdings

Pinnacle Investment Management Group Limited has announced a significant change in its substantial holdings, with State Street Corporation and its subsidiaries becoming substantial holders as of June 4, 2025. This shift in voting power and relevant interests involves various entities, including State Street Bank and Trust Company and several retirement systems, indicating a strategic realignment in Pinnacle’s shareholder structure. The announcement highlights the influence of these entities in controlling voting rights and managing securities, which could impact Pinnacle’s future strategic decisions and stakeholder dynamics.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$20.50 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 to Present at Macquarie Conference

Pinnacle Investment Management Group Limited announced its participation in the Macquarie Australia Conference, where it will present to investors and analysts. This engagement highlights Pinnacle’s proactive approach to investor relations and its commitment to transparency, potentially enhancing its market positioning and stakeholder confidence.