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Peet Limited
(Sydney:PPC)
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Rating:76Outperform
Price Target:
AU$2.50
â–²(45.35% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by improved FY2026 financial performance (strong margin expansion and lower leverage) and attractive valuation (low P/E and high dividend yield). Technicals are supportive with price above key averages, but the elevated RSI and the business’s revenue/cash-flow cyclicality temper the overall rating.
Positive Factors
Margin Expansion
The sharp improvement in net margin and earnings indicates stronger profit conversion in the latest year. If maintained through project cycles, this supports internal funding capacity and demonstrates improved operating economics.
Negative Factors
Revenue Contraction
Falling revenue highlights sensitivity to project settlements, sales volumes and residential demand. Even with stronger margins, inconsistent top-line delivery can make earnings less predictable and limit the durability of recent profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
The sharp improvement in net margin and earnings indicates stronger profit conversion in the latest year. If maintained through project cycles, this supports internal funding capacity and demonstrates improved operating economics.
Read all positive factors
Peet Limited (PPC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$847.37M
Dividend Yield5.54%
Average Volume (3M)1.52M
Price to Earnings (P/E)9.0
Beta (1Y)0.79
Revenue Growth1.05%
EPS Growth77.00%
CountryAU
Employees180
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.22
Shares Outstanding468,158,970
10 Day Avg. Volume3,318,304
30 Day Avg. Volume1,517,523
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.27
Price to Sales (P/S)1.98
P/FCF Ratio8.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.22
Revenue Forecast (FY)AU$493.40M
Peet Limited Business Overview & Revenue Model
Company Description
Peet Limited, an Australian firm founded in 1895 and based in Perth, specializes in the acquisition, development, and marketing of residential land across the country. The company's operations are structured into three distinct segments. Its Funds...
How the Company Makes Money
Peet Limited makes money mainly through (1) property development income and (2) funds/asset management income. In its property development business, Peet acquires or controls land (directly or via development agreements), undertakes planning and d...
Peet Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 419.13M | 414.79M | 292.58M | 318.91M | 266.61M |
| Gross Profit | 162.36M | 114.74M | 79.53M | 103.69M | 97.14M |
| EBITDA | 146.96M | 60.51M | 35.56M | 55.03M | 53.45M |
| Net Income | 103.39M | 58.47M | 36.55M | 70.14M | 52.32M |
Balance Sheet | |||||
| Total Assets | 1.09B | 1.08B | 1.09B | 1.05B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 14.54M | 47.31M | 23.76M | 38.79M | 55.38M |
| Total Debt | 218.63M | 335.72M | 350.18M | 316.03M | 304.34M |
| Total Liabilities | 415.43M | 461.58M | 499.09M | 464.47M | 450.86M |
| Stockholders Equity | 650.82M | 599.62M | 574.26M | 567.50M | 541.46M |
Cash Flow | |||||
| Free Cash Flow | 98.77M | 106.32M | -31.20M | 36.17M | 45.03M |
| Operating Cash Flow | 99.27M | 107.13M | -28.87M | 37.07M | 46.20M |
| Investing Cash Flow | -71.00K | 2.82M | -1.28M | 1.45M | -15.92M |
| Financing Cash Flow | -131.97M | -86.39M | 15.12M | -55.10M | -39.02M |
Peet Limited Technical Analysis
Positive
1.72
Price Trends
1.78
Positive
1.75
Positive
1.84
Positive
Market Momentum
0.03
Negative
74.38
Negative
66.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPC, the sentiment is Positive. The current price of 1.72 is below the 20-day moving average (MA) of 1.81, below the 50-day MA of 1.78, and below the 200-day MA of 1.84, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 74.38 is Negative, neither overbought nor oversold. The STOCH value of 66.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PPC.
Peet Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$847.37M | 8.98 | 13.71% | 6.47% | 1.05% | 77.00% | |
76 Outperform | AU$11.34B | 11.02 | 9.44% | 6.12% | 14.63% | 18.93% | |
74 Outperform | AU$7.40B | 10.75 | 7.30% | 5.59% | 6.20% | 897.67% | |
72 Outperform | AU$213.62M | 10.47 | 6.19% | 11.49% | -29.40% | 40.91% | |
71 Outperform | AU$657.64M | 9.83 | 12.22% | 3.32% | 7.87% | 33.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
45 Neutral | AU$2.01B | -2.60 | -14.46% | 8.12% | -30.04% | -432.70% |
* Real Estate Sector Average
AU:PPC
Peet Limited
2.01
0.41
25.86%
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Peet Limited Corporate Events
Ingenia Moves to Acquire Peet, Building a Larger Australian Living Platform
Aug 26, 2026
Ingenia Communities Group has announced a proposed acquisition of all issued shares in Peet Limited via a court-approved scheme of arrangement. The deal also includes the establishment of a joint venture over the Flagstone City project, signalling...
Peet and Ingenia Plan Merger to Build Leading Australian Living Platform
Aug 26, 2026
Peet Limited is a major Australian property developer that focuses on creating and managing residential living communities nationwide. Ingenia Communities Group is also active in the living sector, with a portfolio centered on community-style resi...
Peet backs Ingenia takeover in deal to form ASX living sector giant
Aug 26, 2026
Peet Limited has agreed to be acquired by Ingenia Communities Group through a scheme of arrangement that values Peet shares at up to $2.185 each, including cash, Ingenia stapled securities and a declared dividend. The deal, which follows Peet̵...
Peet Limited Details Compliance With ASX Corporate Governance Standards
Aug 25, 2026
Peet Limited has lodged its corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as at 25 August 2026 and approved by the board. The statement is published on the company’s website...
Peet Limited posts record FY26 profit and boosts dividends on strong housing demand
Aug 25, 2026
Peet Limited reported record financial performance for the year to 30 June 2026, with net operating profit rising 77% to $103.4 million and operating earnings per share up 77% to 22.1 cents. Revenue grew modestly to $450.2 million, but EBITDA clim...
Peet Limited Profit Jumps 77% as Dividends and Asset Backing Rise
Aug 25, 2026
Peet Limited reported a modest 1% increase in revenue to $419.1 million for the year ended 30 June 2026, but delivered a sharp improvement in profitability, with net profit after tax surging 77% to $103.4 million. Basic and diluted earnings per sh...
Peet Limited Seeks Trading Halt Amid Corporate Transaction Speculation
Aug 24, 2026
Trading in Peet Limited shares has been halted on the ASX at the company’s request, pending an announcement related to media speculation about a potential corporate transaction involving the property developer. The halt is intended to preven...
Peet sets date and webcast details for FY26 full-year results
Aug 14, 2026
Peet Limited has scheduled the release of its full-year results for the period ended 30 June 2026, with a webcast briefing to be held on Tuesday, 25 August 2026. The session, to be hosted by Chief Executive Officer Brett Fullarton, will allow inve...
Peet Confirms Strategic Talks With Ingenia Amid Ongoing Business Review
Jul 10, 2026
Peet Limited has acknowledged recent media reports and confirmed it is in talks with Ingenia Communities Group regarding potential corporate opportunities, without disclosing specific transaction terms or outcomes. The discussions arise as Peet co...
Ingenia Confirms Strategic Talks With Peet and Capital Partners
Jul 10, 2026
Ingenia Communities Group, an ASX-listed operator and developer of affordable rental, lifestyle and holiday communities for Australia’s seniors, runs 102 communities and development sites under brands including Ingenia Lifestyle, Ingenia Gar...
Peet lifts FY26 profit guidance on strong housing demand
May 27, 2026
Peet Limited has upgraded its FY26 net profit after tax guidance to a range of $98 million to $100 million, up from its previous forecast of $86 million to $90 million. This implies earnings growth of 67% to 71% over FY25, underscoring the company...
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.