Pendal Group Limited (PDL) - Research

$7.720 0.13 (1.66%)

PDL General Information +

ASX Code PDL
Website http://www.pendalgroup.com
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 2,455
Current Price $7.720
Day High $7.970
Day Low $7.700
Last Close $7.850
Price Movement $0.13 ( 1.66% )
Prices as at 16:40, 24 May 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

PDL Company Overview

Business Description

Pendal Group Limited (PDL, formerly BT Investment Management Limited) is an Australian company engaged in the provision of investment management services. The Company operates through two segments: investment management business in Australia (Pendal Australia) and outside of Australia (Pendal International).

PDL Financial Summary

Year to Sep NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 170.91 53.74 1.30% 14.37 48.00 6.22% 10.0%
2019 F 168.67 53.04 -16.70% 14.56 46.00 5.96% 10.0%
2018 A 201.62 63.66 15.00% 15.97 52.00 5.11% 15.0%

PDL Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Magellan Financial Group (MFG) $7,997M 0.3568 0.2415 0.0692 29.1712 23.4964 21.9757 2.98% 3.82% 4.08%
Netwealth Group (NWL) $2,265M 0.0000 0.7077 0.3340 112.7811 66.0430 49.5065 0.56% 1.20% 1.60%
Pendal Group (PDL) $2,496M 0.1207 -0.2785 0.1198 10.8922 15.0962 13.4810 6.62% 5.86% 6.31%
Perpetual (PPT) $1,927M 0.0416 -0.1584 0.0077 13.4760 16.0119 15.8895 6.65% 5.99% 5.99%
Platinum Asset Mgmt (PTM) $2,845M 0.0325 -0.1645 0.0782 14.8001 17.7137 16.4295 6.60% 5.60% 5.95%

PDL Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.52 13.10 2.43 0.00
Market 0.91 17.10 1.52 1.61
Sector 0.96 13.00 1.03 1.53

PDL Directors

Name Position Start Date
Mr Emilio Gonzalez Chief Executive Officer, Managing Director 22 Jan 2010
Mr Christopher Jones Non-Executive Director 8 Nov 2018
Mr Andrew James Fay Non-Executive Director 1 Oct 2011
Mrs Deborah Ruth Page Non-Executive Director 7 Apr 2014
Ms Kathryn Ann Matthews Non-Executive Director 1 Dec 2016
Ms Sally Clare Collier Non-Executive Director 2 Jul 2018
Mr James (Jim) Kingsman Evans Non-Executive Director, Non-Executive Chairman 2 Jun 2010

PDL Management

Name Position
Richard Brandweiner Chief Executive Officer, Pendal Australia
Joanne Hawkins Company Secretary
Cameron Williamson Group Chief Financial Officer
Andrew Shiels Interim Group Chief Risk Officer

PDL Substantial Shareholders

Holding Name
32,728,987 (10.40%) Westpac Financial Services
30,046,112 (9.49%) Pinnacle Investment Management Group Limited
20,091,126 (6.32%) Lazard Asset Management Pacific Co
17,488,185 (5.50%) Hyperion Asset Management Limited

PDL Calendar of Events

Date Event
30 April 2020 Report (Interim)
07 November 2019 Report (Annual)
07 November 2019 Report (Prelim)
06 November 2019 Report (Prelim)
26 June 2019 Div Pay Date

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