Perpetual Limited (AU:PPT)
ASX:PPT
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Perpetual Limited
(Sydney:PPT)
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Rating:50Neutral
Price Target:
AU$16.00
â–Ľ(-2.85% Downside)
Action:Reiterated
Date:10/24/25
Perpetual Limited's overall stock score is driven by significant financial challenges, including declining revenues and increased leverage. Technical analysis shows mixed signals, with no clear trend direction. Valuation concerns are present due to a negative P/E ratio, although the high dividend yield may appeal to some investors. The absence of earnings call data and corporate events limits further insights.
Positive Factors
Diversified fee-based model
Perpetual's business spans asset management, private wealth advice and corporate trust services, creating multiple recurring fee streams tied to AUM, advice retainers and trustee mandates. This diversification reduces single-segment risk and supports more stable revenues over multi-quarter horizons.
Negative Factors
Revenue & profit collapse
A near-total revenue decline and negative profits materially reduce the firm's fee base and underwriting of fixed costs. This impairs margin sustainability, weakens client confidence and requires meaningful strategic or operational action to restore recurring fees and profitability over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified fee-based model
Perpetual's business spans asset management, private wealth advice and corporate trust services, creating multiple recurring fee streams tied to AUM, advice retainers and trustee mandates. This diversification reduces single-segment risk and supports more stable revenues over multi-quarter horizons.
Read all positive factors
Perpetual Limited (PPT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.83B
Dividend Yield6.01%
Average Volume (3M)220.36K
Price to Earnings (P/E)9.8
Beta (1Y)1.37
Revenue Growth2.23%
EPS Growth96.71%
CountryAU
Employees1,852
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.15
Shares Outstanding115,651,220
10 Day Avg. Volume204,215
30 Day Avg. Volume220,360
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.22
Price to Sales (P/S)87.27
P/FCF Ratio10.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$19.23Price Target Upside16.73% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.81
Revenue Forecast (FY)AU$1.38B
Perpetual Limited Business Overview & Revenue Model
Company Description
Perpetual Limited is a publicly owned investment manager. The firm offers a range of financial products and services in Australia. The company provides funds management, portfolio management, financial planning, trustee, responsible entity and com...
How the Company Makes Money
Perpetual makes money mainly by charging fees for financial services delivered through its core operating segments:
1) Asset management (investment management fees): Perpetual earns recurring management fees by managing investment funds and portf...
Perpetual Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 23.10M | 1.30B | 995.60M | 773.50M | 623.30M |
| Gross Profit | 221.80M | -47.90M | 1.14B | 878.80M | 711.40M | 310.10M |
| EBITDA | 268.10M | 140.30M | 281.60M | 217.10M | 199.20M | 162.71M |
| Net Income | -16.30M | -58.20M | -472.20M | 59.00M | 101.20M | 74.87M |
Balance Sheet | ||||||
| Total Assets | 3.35B | 3.42B | 3.40B | 3.94B | 1.75B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 589.80M | 343.20M | 221.30M | 427.10M | 361.70M | 311.00M |
| Total Debt | 1.06B | 1.13B | 833.70M | 825.30M | 330.70M | 249.20M |
| Total Liabilities | 1.74B | 1.77B | 1.66B | 1.57B | 820.70M | 709.80M |
| Stockholders Equity | 1.61B | 1.65B | 1.74B | 2.37B | 925.80M | 907.10M |
Cash Flow | ||||||
| Free Cash Flow | 230.60M | 196.40M | 264.60M | 109.40M | 155.80M | 106.90M |
| Operating Cash Flow | 253.20M | 217.10M | 296.40M | 134.80M | 170.80M | 120.60M |
| Investing Cash Flow | 52.00M | 17.40M | -97.90M | -244.00M | -69.20M | -478.90M |
| Financing Cash Flow | -245.10M | -129.20M | -229.30M | 221.60M | -66.60M | 344.10M |
Perpetual Limited Technical Analysis
Negative
16.47
Price Trends
16.24
Negative
16.81
Negative
17.82
Negative
Market Momentum
-0.09
Positive
44.33
Neutral
46.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPT, the sentiment is Negative. The current price of 16.47 is above the 20-day moving average (MA) of 16.34, above the 50-day MA of 16.24, and below the 200-day MA of 17.82, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 44.33 is Neutral, neither overbought nor oversold. The STOCH value of 46.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PPT.
Perpetual Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.57B | 6.19 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$3.41B | 14.10 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$2.69B | 1.91 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$1.83B | 9.75 | -1.00% | 6.01% | 2.23% | 96.71% | |
44 Neutral | AU$4.02B | 32.88 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:PPT
Perpetual Limited
16.00
-0.74
-4.43%
AU:AMP
AMP
1.60
0.38
30.93%
AU:MFG
Magellan Financial Group Ltd
8.62
1.01
13.26%
AU:L1G
Platinum Asset Management Ltd
1.05
0.50
91.74%
AU:PNI
Pinnacle Investment Management Group Limited
15.04
-4.05
-21.23%
Perpetual Limited Corporate Events
Perpetual Lifts Stake in Vista Group to Over 6%
May 11, 2026
Perpetual Limited and its subsidiaries have increased their substantial holding in Vista Group International Limited, lifting their stake from about 5.1% to 6.1% of the company’s ordinary shares. The move reflects additional share acquisitio...
Perpetual exits substantial shareholder status in AMP
May 8, 2026
Perpetual Limited and its related bodies corporate have ceased to be a substantial shareholder in AMP Limited, according to a notice lodged under Australia’s Corporations Act. The change reflects a reduction in Perpetual’s relevant int...
Perpetual exits substantial holder position in Nine Entertainment
May 1, 2026
Perpetual Limited and its related bodies corporate have ceased to be a substantial holder in Nine Entertainment Co. Holdings, the Australian media group, as of 29 April 2026. The change, detailed in an ASIC Form 605 notice, indicates that Perpetua...
Perpetual Ceases to Be Substantial Shareholder in Downer EDI
Apr 28, 2026
Perpetual Limited and its related bodies corporate have notified Downer EDI Limited that they have ceased to be a substantial shareholder in the engineering and infrastructure company. The change was effective 24 April 2026, ending a substantial h...
Perpetual Exits Substantial Shareholder Position in Orora
Apr 16, 2026
Perpetual Limited has notified Orora Limited that it has ceased to be a substantial shareholder in the packaging company as of 14 April 2026. The change reflects a reduction in Perpetual’s relevant voting interests in Orora, signalling a rep...
Perpetual Sells Down Stake, Ceases to Be Major Holder in Reliance Worldwide
Apr 9, 2026
Perpetual Limited and its related entities have notified Reliance Worldwide Corporation that they have ceased to be a substantial holder in the plumbing products group as of 7 April 2026. The change reflects a reduction in Perpetual’s voting...
Perpetual to Quote New Shares Issued Under Dividend Plan
Apr 9, 2026
Perpetual Limited has applied for quotation on the ASX of 121,653 ordinary fully paid shares, to be issued under a dividend or distribution plan with an issue date of 7 April 2026. The additional securities marginally increase the company’s ...
Perpetual Director Increases Shareholding via Dividend Reinvestment
Apr 9, 2026
Perpetual Limited has disclosed a change in the shareholding of non-executive director Fiona Trafford-Walker, who increased her direct holding in the company through the latest dividend reinvestment plan. Following the allocation of 214 fully paid...
Perpetual Director Increases Indirect Shareholding via Dividend Reinvestment Plan
Apr 9, 2026
Perpetual Limited has reported a change in the indirect shareholding of director Paul Christopher Raymond Ruiz following the company’s latest dividend reinvestment plan. Through Beattie Branch Pty Ltd , where he is a director of the trustee,...
Perpetual Director Gregory Cooper Lifts Indirect Stake via Dividend Reinvestment
Apr 9, 2026
Perpetual Limited has disclosed a change in director Gregory John Andrew Cooper’s indirect interest in the company’s shares, lodged under ASX listing rule 3.19A.2. The notice states that Cooper holds his interest through BG Cooper Pty ...
Perpetual Ends Substantial Shareholding in Matrix Composites & Engineering
Apr 8, 2026
Perpetual Limited and its related entities have ceased to be substantial holders in Matrix Composites Engineering Limited as of 2 April 2026, according to a notice lodged under Section 671B of the Corporations Act. The change follows adjustments ...
Perpetual Ends Substantial Shareholding in EQT Holdings
Apr 1, 2026
Perpetual Limited has notified EQT Holdings that it and its related bodies corporate have ceased to be substantial holders in EQT as of 30 March 2026, ending a substantial shareholding position previously disclosed in August 2025. The change, deta...
Perpetual Ceases to Be Substantial Holder in Maas Group Holdings
Mar 30, 2026
Perpetual Limited and its related bodies corporate have filed notice that they have ceased to be a substantial holder in Maas Group Holdings Limited as of 26 March 2026. The change reflects a reduction in Perpetual’s relevant voting interest...
Perpetual Sets Final DRP Price for December-Half Dividend
Mar 29, 2026
Perpetual Limited has updated its notification regarding the upcoming dividend on its ordinary fully paid shares, confirming it relates to the six-month period ending 31 December 2025. The company specified that the update reflects the final price...
Perpetual exits substantial holder position in Myer Holdings
Mar 26, 2026
Perpetual Limited and its related entities have notified Myer Holdings Limited that they have ceased to be a substantial holder in the retailer as of 24 March 2026. The change reflects a reduction in Perpetual’s relevant interest and voting ...
Perpetual Director Wagstaff Lifts Stake with On‑Market Share Purchase
Mar 20, 2026
Perpetual Limited has disclosed a change in the shareholding of director Philip Charles Wagstaff, who increased his direct holding in the company through an on‑market purchase. Wagstaff acquired 4,540 fully paid ordinary shares at $16.97 eac...
Perpetual Director Increases Shareholding Through On-Market Purchase
Mar 18, 2026
Perpetual Limited has disclosed a change in the shareholding of director Fiona Trafford-Walker, in line with market disclosure rules governing directors’ interests in listed companies. The notice underscores the company’s adherence to ...
Perpetual Director Paul Ruiz Increases Indirect Shareholding
Mar 18, 2026
Perpetual Limited has disclosed a change in the interests of director Paul Christopher Raymond Ruiz, who holds his stake indirectly through Beattie Branch Pty Ltd as trustee of the Branch account. The notice to the ASX details that Ruiz increased ...
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.