Praemium Ltd (AU:PPS)
ASX:PPS
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Praemium Ltd
(Sydney:PPS)
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Rating:52Neutral
Price Target:
AU$0.76
▲(5.97% Upside)
Action:ReiteratedDate:02/06/26
Overall score reflects mixed financial performance dominated by a sharp revenue decline, partially offset by a strong low-leverage balance sheet and adequate operating cash flow. Technicals are a key drag with the stock trading below key moving averages and negative MACD, while valuation is neutral with a moderate dividend yield but a not-cheap P/E.
Positive Factors
Recurring fee platform model
A recurring-fee, platform-based revenue model tied to assets under administration produces predictable, contract-like cash flows and higher customer switching costs. Over 2-6 months this supports revenue resilience if adviser relationships and FUA are retained, enabling steady fee income and planning.
Negative Factors
Severe revenue collapse
A near-total drop in reported revenue is a profound structural concern: it can erode recurring fee bases, shrink scale economies and damage adviser/distributor relationships. Restoring prior revenue levels typically requires product, distribution or client retention fixes that take multiple quarters to execute and monetise.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee platform model
A recurring-fee, platform-based revenue model tied to assets under administration produces predictable, contract-like cash flows and higher customer switching costs. Over 2-6 months this supports revenue resilience if adviser relationships and FUA are retained, enabling steady fee income and planning.
Read all positive factors
Praemium Ltd (PPS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$326.61M
Dividend Yield2.81%
Average Volume (3M)1.00M
Price to Earnings (P/E)9.6
Beta (1Y)1.60
Revenue Growth12.61%
EPS Growth69.59%
CountryAU
Employees360
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.02
Shares Outstanding487,472,440
10 Day Avg. Volume1,312,082
30 Day Avg. Volume1,004,049
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)2.74
Price to Sales (P/S)180.50
P/FCF Ratio30.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.19Price Target Upside64.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$112.80M
Praemium Ltd Business Overview & Revenue Model
Company Description
Praemium Limited, together with its subsidiaries, provides managed accounts platform, investment management, portfolio administration, and reporting and financial planning software in Australia and internationally. It offers managed accounts platf...
How the Company Makes Money
Praemium makes money primarily by operating an investment administration platform and charging recurring fees tied to assets and services administered through that platform. Key revenue streams typically include: (1) platform/administration fees c...
Praemium Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.63M | 1.70M | 82.73M | 74.29M | 63.34M | 52.88M |
| Gross Profit | 30.86M | 1.60M | 34.14M | 24.70M | 18.14M | 16.35M |
| EBITDA | 27.32M | 23.93M | 17.41M | 20.69M | 14.32M | 16.20M |
| Net Income | 17.61M | 13.56M | 8.75M | 15.15M | 43.57M | 1.54M |
Balance Sheet | ||||||
| Total Assets | 135.84M | 135.63M | 134.58M | 129.50M | 156.91M | 112.47M |
| Cash, Cash Equivalents and Short-Term Investments | 30.57M | 40.97M | 44.34M | 46.25M | 80.55M | 26.74M |
| Total Debt | 6.38M | 1.46M | 1.96M | 2.18M | 11.40M | 16.37M |
| Total Liabilities | 19.53M | 23.63M | 25.44M | 21.38M | 54.57M | 32.56M |
| Stockholders Equity | 116.31M | 112.00M | 109.15M | 108.12M | 102.34M | 79.91M |
Cash Flow | ||||||
| Free Cash Flow | 19.06M | 10.20M | 8.69M | 15.22M | 2.97M | -1.78M |
| Operating Cash Flow | 21.71M | 20.54M | 17.04M | 23.36M | 9.63M | 5.46M |
| Investing Cash Flow | -17.07M | -10.91M | -8.47M | -8.40M | 49.74M | -6.48M |
| Financing Cash Flow | -11.33M | -12.92M | -10.48M | -48.89M | -5.77M | 11.78M |
Praemium Ltd Technical Analysis
Neutral
0.72
Price Trends
0.70
Positive
0.74
Negative
0.75
Negative
Market Momentum
<0.01
Negative
58.26
Neutral
80.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPS, the sentiment is Neutral. The current price of 0.72 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.70, and below the 200-day MA of 0.75, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.26 is Neutral, neither overbought nor oversold. The STOCH value of 80.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PPS.
Praemium 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$5.80B | -724.26 | 32.56% | 1.45% | 26.82% | -44.32% | |
63 Neutral | AU$120.49M | 21.16 | 9.10% | ― | -5.73% | -36.36% | |
61 Neutral | AU$296.45M | 10.89 | 12.36% | 2.86% | -38.87% | 60.62% | |
52 Neutral | AU$326.61M | 9.65 | 15.42% | 2.81% | 12.61% | 69.59% | |
48 Neutral | AU$61.13M | 5.73 | 10.48% | ― | 15.57% | ― | |
46 Neutral | AU$11.21M | -5.25 | -17.55% | ― | 43.00% | -6078.57% |
* Financial Sector Average
AU:PPS
Praemium Ltd
0.67
-0.05
-6.42%
AU:RZI
Raiz Invest Ltd.
0.58
-0.07
-10.08%
AU:OFX
OFX Group Ltd.
0.52
-0.64
-55.17%
AU:COG
COG Financial Services Limited
1.39
0.04
3.12%
AU:NWL
Netwealth Group Ltd.
23.63
-4.01
-14.50%
AU:FNX
Finexia Financial Group Ltd
0.18
-0.10
-35.71%
Praemium Ltd Corporate Events
Praemium Appoints Katrina Efthim to Board With No Initial Shareholdings
Apr 22, 2026
Praemium Limited has announced the appointment of Katrina Efthim as a director, effective 22 April 2026, in a move that refreshes the composition of its board. The initial director’s interest notice confirms that Efthim holds no relevant int...
Spheria Asset Management Ceases to Be Substantial Holder in Praemium
Apr 2, 2026
Spheria Asset Management Pty Ltd has notified Praemium Ltd that it has ceased to be a substantial holder in the company as of 31 March 2026, in line with disclosure requirements under the Corporations Act 2001. The change reflects a reduction in S...
Praemium Appoints New Director Justin Lipton With No Initial Shareholding
Apr 2, 2026
Praemium Limited has announced the appointment of Justin Lipton as a director, effective 1 April 2026, in a filing with the ASX. The initial director’s interest notice confirms that Lipton holds no relevant interests in Praemium securities a...
Praemium Refreshes Board with New Directors to Support Next Growth Phase
Mar 25, 2026
Praemium has announced changes to its board as part of a renewal process, with long-serving director Claire Willette set to step down on 30 April 2026 after more than eight years overseeing a period of significant growth, major acquisitions and th...
Praemium Cancels 220,944 Lapsed Performance Rights
Feb 25, 2026
Praemium Limited has notified the market that 220,944 performance rights, designated as PPSAO and expiring on various dates, have lapsed. The rights ceased on 24 February 2026 because the conditions attached to them were not met or were no longer ...
Praemium installs Technotia CEO on strategic terms after acquisition
Feb 22, 2026
Praemium has formalised the leadership of its newly acquired Technotia business by appointing Daniel Lipshut as CEO of the Technotia Division, effective 22 January 2026. His full-time role reports directly to the Praemium board, signalling the str...
Praemium Declares Interim Dividend for Half-Year to December 2025
Feb 22, 2026
Praemium Limited has declared an interim dividend of AUD 0.0125 per ordinary fully paid share, relating to the six-month period ending 31 December 2025. The dividend will trade ex-dividend on 5 March 2026, with a record date of 6 March 2026 and pa...
Praemium lifts profit and funds under administration as OneVue integration pays off
Feb 22, 2026
Praemium reported strong interim results for the half year to 31 December 2025, with statutory net profit after tax rising 69.5% to $9.9 million and underlying EBITDA up 17.9% to $15.2 million, supported by a 5.3% lift in revenue to $56.0 million....
Pinnacle exits substantial shareholder position in Praemium
Feb 20, 2026
Praemium Ltd has disclosed that Pinnacle Investment Management Group and its subsidiaries have ceased to be substantial shareholders in the company as of 17 February 2026, according to a regulatory notice. The change follows an earlier substantial...
Praemium Confirms Lapse of 1.6 Million Performance Rights
Feb 5, 2026
Praemium Limited has notified the market that a total of 1,617,385 performance rights (ASX code PPSAO) have lapsed. The conditional rights to securities expired because their vesting conditions were not met or became incapable of being satisfied a...
Praemium Sets Date for HY2026 Results and Investor Briefing
Feb 2, 2026
Praemium Limited has announced that it will release its half-year results for the 2026 financial year on Monday, 23 February 2026, and will host a same-day briefing for investors and analysts at 9:00am AEDT. The scheduled results release and brief...
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.