Platinum Asset Management Ltd (PTM) AI Stock Analysis

• Market Cap: €373.20M
• Dividend Yield: 9.23%
• Average Volume (3M): 2.51M
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.32
• Revenue Growth: -20.84%
• EPS Growth: -67.39%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 78
• Industry: Asset Management
• EPS (TTM): 0.03
• Shares Outstanding: 582,167,100
• 10 Day Avg. Volume: 3,431,776
• 30 Day Avg. Volume: 2,513,893
• PEG Ratio: -0.56
• Price to Book (P/B): 3.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.06
• 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: €0.52
• Price Target Upside: -20.31% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: AU$0.50 ▼(-23.08%Downside)

The overall stock score of 66 is driven primarily by a solid financial performance, characterized by strong profitability and a robust balance sheet. However, technical analysis suggests caution due to overbought conditions and bearish momentum. The attractive valuation, highlighted by a high dividend yield, provides a positive offset.

Platinum Asset Management Ltd Business Overview & Revenue Model

Company Description

Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. The firm launches and manages equity mutual funds for its clients. It also launches and manages hedge funds for its clients. The firm invests in public equity markets across the globe. It employs value strategy with bottom-up stock picking approach to create its portfolio. The firm employs a combination of in-house and external research to make its investments. The firm typically invests in companies in consumer, health care and technology sectors. Platinum Asset Management was founded in February 1994 and is based in Sydney, Australia. Platinum Investment Management Limited operates as subsidiary of Platinum Asset Pty Limited.

How the Company Makes Money

Platinum Asset Management Ltd generates revenue primarily through management fees and performance fees associated with its investment products. The management fees are charged as a percentage of the assets under management (AUM), providing a steady income stream based on the size of the portfolios managed. Additionally, performance fees are earned when the investment returns exceed predetermined benchmarks, aligning the firm's interests with those of its clients. Platinum Asset Management also benefits from economies of scale as its AUM grows, enhancing profitability. The company may also engage in strategic partnerships or collaborations to expand its market reach and enhance its service offerings, contributing further to its revenue generation capabilities.

Platinum Asset Management Ltd Financial Statement Overview

Summary

Mixed financial performance with strong profitability margins and a robust balance sheet featuring low leverage. However, challenges include declining revenue and operational efficiency. Healthy cash flow, though free cash flow has decreased.

Income Statement

Platinum Asset Management Ltd has experienced a decline in total revenue over the past few years, with the most recent annual revenue dropping from $211.09 million to $185.13 million, marking a negative revenue growth rate. Despite this, the company maintains a reasonable gross profit margin of 57.54% and a net profit margin of 24.31%, reflecting efficient cost management. However, the decreasing EBIT and EBITDA margins indicate challenges in maintaining operational efficiency.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.04, showcasing minimal leverage and financial stability. The equity ratio stands at 90.73%, indicating a high proportion of equity financing relative to total assets. The return on equity (ROE) is 14.33%, which is moderate and reflects a decent return for shareholders.

Cash Flow

Cash flow from operations is solid at $79.68 million, with a significant free cash flow of $78.08 million. However, the free cash flow has decreased from the previous year, indicating a negative growth rate. The operating cash flow to net income ratio is 1.77, suggesting strong cash generation relative to reported profits, while the free cash flow to net income ratio is 1.73, indicating healthy cash flow management.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	162.14M	185.13M	211.09M	256.94M	272.49M	290.00M
Gross Profit	80.43M	106.50M	202.61M	244.98M	259.72M	274.93M
EBITDA	59.89M	77.28M	117.36M	167.68M	206.63M	217.38M
Net Income	25.25M	45.01M	80.86M	101.49M	163.26M	155.61M
Balance Sheet
Total Assets	234.70M	346.21M	354.25M	352.61M	384.30M	357.45M
Cash, Cash Equivalents and Short-Term Investments	152.33M	250.28M	186.06M	177.32M	193.15M	155.21M
Total Debt	11.52M	12.35M	3.25M	5.25M	7.11M	8.83M
Total Liabilities	35.66M	29.41M	24.72M	29.05M	42.27M	38.49M
Stockholders Equity	199.04M	314.23M	328.17M	323.55M	342.02M	318.96M
Cash Flow
Free Cash Flow	49.20M	78.08M	90.23M	126.51M	144.47M	144.91M
Operating Cash Flow	50.85M	79.67M	90.59M	126.73M	144.51M	147.17M
Investing Cash Flow	75.66M	51.60M	-171.00K	-42.44M	36.78M	3.64M
Financing Cash Flow	-182.49M	-85.55M	-92.06M	-140.20M	-142.41M	-158.88M

Platinum Asset Management Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PTM, the sentiment is Positive. The current price of 0.65 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.54, and below the 200-day MA of 0.66, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 76.23 is Negative, neither overbought nor oversold. The STOCH value of 89.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PTM.

Platinum Asset Management Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$16.88B	11.72	9.78%	3.73%	11.83%	-7.72%
PTM	66 Neutral	€373.20M	14.41	9.63%	9.23%	-20.84%	-67.39%
TSRUF	―	$216.81M	2.78	33.29%	2.64%	―	―
1OP	―	€440.43M	47.09	47.73%	1.45%	―	―
FID	80 Outperform	AU$344.09M	20.39	30.97%	4.02%	12.05%	23.63%
REP	54 Neutral	AU$295.69M	―	-4.99%	8.47%	4.56%	35.07%
CVC	46 Neutral	AU$243.77M	―	-2.32%	―	-67.43%	-131.40%

Platinum Asset Management Ltd Corporate Events

Platinum Asset Management Announces Change in Substantial Holder Interests

Platinum Asset Management Ltd has announced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc. The change reflects an increase in the voting power of Mitsubishi UFJ Financial Group, Inc. from 6.05% to 7.26%, involving a total of 42,259,340 fully paid ordinary shares. This adjustment in shareholding may impact the company’s strategic decisions and influence its market positioning, as Mitsubishi UFJ Financial Group, Inc. now holds a more significant stake.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Announces Change in Substantial Holder Interests

Platinum Asset Management Ltd has announced a change in the interests of a substantial holder, First Sentier Group Limited, which is indirectly owned by Mitsubishi UFJ Financial Group Inc. The notice details changes in voting power and relevant interests in the company’s shares, reflecting the dynamic nature of investment management and control over voting rights. This announcement may impact stakeholders by indicating shifts in control and influence within the company, potentially affecting its strategic decisions and market positioning.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Announces Cessation of Securities

Platinum Asset Management Limited has announced the cessation of certain securities due to unmet conditions. Specifically, 29,564 deferred rights and 8,097,891 performance rights have lapsed as of June 30, 2025. This cessation reflects the company’s ongoing adjustments in its capital management strategy, potentially impacting its financial structuring and stakeholder interests.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Issues New Securities to Enhance Equity Base

Platinum Asset Management Limited announced the issuance of 204,617 ordinary fully paid securities, effective June 30, 2025. This move is part of their ongoing financial strategies, potentially impacting their market positioning by increasing their equity base, which may influence stakeholder interests and company operations.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$1.05 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Announces Merger with L1 Capital

Platinum Asset Management Limited announced a proposed merger with L1 Capital, which will be detailed in a webinar briefing. This merger is expected to have significant implications for the company’s operations and market positioning, potentially enhancing its competitive edge in the asset management industry.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management and L1 Capital Announce Merger to Form Leading Investment Entity

Platinum Asset Management Limited has announced a merger with L1 Capital, resulting in a new entity where L1 Capital shareholders will hold 74% and Platinum shareholders 26% of the merged company. This strategic move is expected to create a leading provider of investment strategies with approximately A$16.5 billion in funds under management, offering significant benefits such as increased diversification, cost synergies, and enhanced growth opportunities for Platinum shareholders.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Revises Turnaround Program Costs

Platinum Asset Management Limited has revised its estimated costs for the implementation of its turnaround program for the full year to approximately $40 million, up from the previously announced $30 million. This adjustment in cost estimates may impact the company’s financial outlook and could influence stakeholder expectations regarding the effectiveness and efficiency of the turnaround efforts.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Faces Fund Outflows and Implements Cost-Saving Measures

Platinum Asset Management Limited reported a decrease in funds under management, with net outflows of approximately $428 million in June 2025. The company is actively working on reducing expenses, with full-year operating costs expected to be around $75 million and additional cost-saving measures planned for FY26. Despite not earning any performance fees in the second half of FY25, the company anticipates investment gains and other income to range between $14 million and $16 million.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Announces Change in Substantial Shareholding

Platinum Asset Management Ltd has announced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc., which now holds a significant number of fully paid ordinary shares in the company. This change in shareholding increases Mitsubishi UFJ Financial Group’s voting power from 5.05% to 6.05%, potentially impacting the company’s governance and decision-making processes. The adjustment in shareholding reflects Mitsubishi UFJ Financial Group’s strategic interest in Platinum Asset Management, which could influence the company’s market positioning and stakeholder relations.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Announces Changes in Substantial Holder Interests

Platinum Asset Management Ltd has announced changes in the voting power and relevant interests of its substantial holder, First Sentier Investors. The changes reflect a shift in the number of shares and voting power held by First Sentier Investors and its associates, including Mitsubishi UFJ Financial Group. This adjustment in holdings could impact the company’s strategic decisions and influence within the market, as it involves significant stakeholders with substantial voting power.

The most recent analyst rating on (AU:PTM) stock is a Sell with a A$0.91 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Advances Merger Talks with L1 Capital

Platinum Asset Management Limited has made significant progress in its merger discussions with L1 Capital, having completed the due diligence phase. The proposed merger terms have been adjusted, with L1 Capital shareholders expected to own 74% of the combined entity, while Platinum shareholders will hold 26%. The merger aims to enhance value for Platinum shareholders, though it remains subject to board and regulatory approvals. The merger’s completion is not guaranteed, as it depends on final negotiations and approvals.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Faces Significant Fund Outflows in May 2025

Platinum Asset Management Limited reported a significant decrease in its funds under management (FUM) for May 2025, with a net outflow of approximately $1.6 billion. This decline was influenced by the termination of an institutional mandate worth $958 million, an additional institutional redemption of $360 million, and net outflows from the Platinum Trust Funds. This substantial reduction in FUM may impact the company’s financial performance and its standing in the investment management industry.

The most recent analyst rating on (AU:PTM) stock is a Sell with a A$0.51 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Issues Unquoted Equity Securities

Platinum Asset Management Limited announced the issuance of 1,127,820 unquoted equity securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational dynamics and reinforcing its position in the asset management sector.

The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.

Platinum Asset Management Director Acquires Shares

Platinum Asset Management Limited announced a change in the director’s interest, as Rachel Grimes, a director of the company, acquired 50,000 ordinary shares valued at $31,500. This acquisition could signify confidence in the company’s future performance and may impact stakeholders’ perceptions of the company’s stability and growth potential.

Platinum Asset Management Announces Change in Director’s Interest

Platinum Asset Management Limited has announced a change in the director’s interest for James Simpson, as detailed in the Appendix 3Y notice. This change involves indirect interests held through entities such as Jamplat Pty Ltd and Quinta Investment Management Limited, impacting the number of ordinary shares held by Simpson. The announcement reflects the company’s compliance with ASX listing rules and provides transparency to stakeholders about changes in director interests.

Platinum Asset Management Reports Decrease in Funds Under Management and Announces Cost-Saving Measures

Platinum Asset Management Limited reported a decrease in its funds under management (FUM) from $10,276 million in March 2025 to $9,647 million in April 2025, attributed to lower equity markets and moderated net retail outflows. Additionally, the company announced the termination of an institutional mandate worth approximately $958 million, effective May 9, 2025. This loss in revenue is expected to be counterbalanced by accelerated cost-saving measures planned for the fiscal year 2026.

Mitsubishi UFJ Financial Group Acquires Significant Stake in Platinum Asset Management

Platinum Asset Management Ltd has disclosed a significant holding by Mitsubishi UFJ Financial Group, Inc., which now holds a 5.05% voting power in the company. This announcement highlights Mitsubishi UFJ Financial Group’s substantial interest in Platinum Asset Management, potentially impacting the company’s governance and strategic direction.

MUFG Gains Substantial Interest in First Sentier Investors

Platinum Asset Management Ltd has announced that Mitsubishi UFJ Financial Group (MUFG) holds a substantial interest in First Sentier Investors Holdings Pty Limited, which indirectly impacts the voting power and control over certain shares. This development signifies a consolidation of voting power under MUFG, potentially influencing the strategic direction and investment decisions of First Sentier Investors Holdings Pty Limited.

Platinum Asset Management Announces Potential Merger and Share Sale

Platinum Asset Management Ltd announced a potential merger with First Maven Pty Ltd, trading as Ll Capital. As part of this development, Kerr Neilson has sold a 9.696% shareholding in Platinum to Ll Capital, marking a significant change in substantial holdings. This move could impact Platinum’s market positioning and shareholder interests.

Platinum Asset Management and L1 Capital Discuss Potential Merger

Platinum Asset Management Limited and L1 Capital Pty Ltd are in preliminary discussions about a potential merger. The independent directors of L1 Long Short Fund Limited have confirmed that this merger will not affect the fund’s strategy or management, ensuring continuity in the investment services provided by L1 Capital.

Platinum Asset Management Explores Merger with L1 Capital

Platinum Asset Management Limited is in preliminary discussions with L1 Capital regarding a potential merger that could create a combined investment business managing approximately A$18 billion in assets. This merger aims to enhance scale, diversify investment strategies, and achieve cost efficiencies, potentially benefiting shareholders with increased earnings and value. L1 Capital has also acquired a 9.6% shareholding in Platinum, with an option to increase its stake to 19.9% under certain conditions, indicating a significant interest in the partnership.