Praemium Ltd (AU:PPS)
ASX:PPS
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Praemium Ltd
(Sydney:PPS)
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Rating:52Neutral
Price Target:
AU$0.77
â–²(11.30% 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 platform revenue
Praemium’s core platform model earns recurring fees tied to assets and services, creating predictable, scalable revenue when AUM and adviser relationships are retained. Recurring administration, custody and SMA fees drive durable cash flows and create high switching costs for clients and advisers.
Negative Factors
Severe revenue collapse
A near-total revenue decline (~-98.22%) materially erodes the fee base central to the platform model. Such a collapse likely reflects loss of assets or clients and undermines economies of scale, threatening sustainable fee income and making multi-month recovery difficult without structural remediation.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring platform revenue
Praemium’s core platform model earns recurring fees tied to assets and services, creating predictable, scalable revenue when AUM and adviser relationships are retained. Recurring administration, custody and SMA fees drive durable cash flows and create high switching costs for clients and advisers.
Read all positive factors
Praemium Ltd (PPS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$338.79M
Dividend Yield2.81%
Average Volume (3M)1.00M
Price to Earnings (P/E)9.6
Beta (1Y)1.46
Revenue Growth24.56%
EPS Growth59.32%
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$1.20Price Target Upside73.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$113.26M
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 generates revenue primarily through a subscription-based model, where clients pay fees for access to its investment platform and related services. Key revenue streams include platform fees, which are charged as a percentage of assets unde...
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
0.69
Price Trends
0.70
Negative
0.75
Negative
0.74
Negative
Market Momentum
-0.01
Negative
51.64
Neutral
72.22
Neutral
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 0.69 is above the 20-day moving average (MA) of 0.67, below the 50-day MA of 0.70, and below the 200-day MA of 0.74, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.64 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, 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$5.56B | -724.26 | 32.56% | 1.45% | 28.29% | 39.39% | |
63 Neutral | AU$127.44M | 21.16 | 9.10% | ― | -5.73% | -36.36% | |
57 Neutral | AU$278.32M | 10.89 | 12.36% | 2.86% | -26.30% | 40.12% | |
52 Neutral | AU$338.79M | 9.65 | 15.42% | 2.81% | 24.56% | 59.32% | |
48 Neutral | AU$59.02M | 5.73 | 10.48% | ― | 5.03% | 52.31% | |
46 Neutral | AU$11.21M | -5.25 | -17.55% | ― | 43.00% | -6078.57% |
* Financial Sector Average
AU:PPS
Praemium Ltd
0.70
0.05
7.25%
AU:RZI
Raiz Invest Ltd.
0.56
0.06
10.89%
AU:OFX
OFX Group Ltd.
0.55
-0.50
-47.62%
AU:COG
COG Financial Services Limited
1.31
0.19
16.62%
AU:NWL
Netwealth Group Ltd.
23.16
-1.91
-7.61%
AU:FNX
Finexia Financial Group Ltd
0.18
-0.10
-35.71%
Praemium Ltd Corporate Events
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...
Praemium Issues 9 Million New Shares Under Corporations Act Exemption
Jan 22, 2026
Praemium Limited has issued 9,047,045 new ordinary shares (ASX: PPS) on 22 January 2026, advising the market that the issuance was conducted without a prospectus under the Corporations Act’s exemption provisions. The company confirmed it rem...
Praemium Seeks ASX Quotation for Over 9 Million New Shares
Jan 22, 2026
Praemium Limited has applied to the ASX for quotation of 9,047,045 new fully paid ordinary shares under the ticker PPS. The additional securities, issued as part of a previously announced transaction, will expand the company’s quoted share c...
Praemium Finalises Acquisition of AI Specialist Technotia Laboratories
Jan 22, 2026
Praemium Limited has completed the $7.5 million acquisition of Technotia Group Pty Ltd and its subsidiaries, known as Technotia Laboratories, a multi-disciplinary technology firm specialising in computing machinery and intelligence. By integrating...
Praemium Performance Rights Lapse, Reducing Potential Equity Dilution
Jan 6, 2026
Praemium Limited has notified the market that 415,896 performance rights (PPSAO), which were due to expire on various dates, have lapsed after the conditions attached to those rights were not met or became incapable of being satisfied as of 6 Janu...
Praemium Sets Date for December Quarter FY2026 Update and Investor Briefing
Jan 5, 2026
Praemium Limited has announced that it will release its December quarter update for the 2026 financial year on 21 January 2026, providing the market with fresh insight into its recent trading performance. The company will host an online briefing f...
Praemium Director Anthony Wamsteker Increases Indirect Shareholding
Dec 19, 2025
Praemium Limited has disclosed a change in the interests of director Anthony Wamsteker, who holds both direct and indirect stakes in the company. Through Lornette Pty Ltd as trustee for the Lornette Super Fund, of which he is a beneficiary, Wamste...
Praemium Director Barry Lewin Increases Indirect Shareholding
Dec 19, 2025
Praemium Limited has disclosed a change in director Barry Lewin’s indirect holding in the company, with entities associated with him acquiring 50,000 ordinary shares via an on-market trade on 16 December 2025 at an average price of $0.7697 p...
Praemium Limited Announces Proposed Securities Issue
Dec 15, 2025
Praemium Limited has announced a proposed issue of securities, with a maximum of 9,047,045 ordinary fully paid shares to be issued. The proposed issue date is January 30, 2026, and the company has submitted the necessary information to the Austral...
Praemium Acquires Technotia Laboratories to Boost AI Innovation
Dec 15, 2025
Praemium Limited has announced the acquisition of Technotia Laboratories, a specialist in computing machinery and intelligence, to enhance its AI-driven financial services platform. This strategic move is expected to accelerate innovation, improve...
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.