Platinum Asset Management Limited (PTM) - Research

$4.800

PTM General Information +

ASX Code PTM
Website http://www.platinum.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 2,816
Current Price $4.800
Day High $4.820
Day Low $4.740
Last Close $4.800
Price Movement - ( No change )
Prices as at 16:40, 16 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Platinum Asset Management Limited (PTM)
BUY
below
HOLD
up to
SELL
above
Current Price
$4.800 as at 16:40, 16 Jul 2019

Price at review
$4.800 on 21 Jun 19

Max Portfolio Weighting

Business Risk

Share Price Risk

PTM Related Research

PTM Company Overview

Business Description

Platinum Asset Management Limited (PTM) is a non-operating holding company of Platinum Investment Management Limited, which is an Australian based fund manager which specialises in investing in international equities. Platinum currently manages 24 funds which are Australian, and US Dollars based funds.

PTM Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 173.52 29.58 3.00% 16.23 28.00 5.83% 100.0%
2019 F 168.51 28.72 -11.20% 16.71 28.00 5.83% 100.0%
2018 A 189.21 32.36 1.90% 20.10 32.00 4.92% 100.0%

PTM 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
IOOF (IFL) $1,899M 0.5416 0.0337 -0.0980 10.0241 9.6971 10.7512 9.98% 8.85% 7.86%
Magellan Financial Group (MFG) $10,087M 0.3568 0.2415 0.0692 36.7935 29.6358 27.7178 2.36% 3.03% 3.23%
Pendal Group (PDL) $2,366M 0.1207 -0.2807 0.1109 10.3233 14.3519 12.9189 6.99% 6.15% 6.59%
Perpetual (PPT) $2,052M 0.0416 -0.1532 0.0061 14.3490 16.9449 16.8419 6.24% 5.62% 5.59%
Platinum Asset Mgmt (PTM) $2,840M 0.0325 -0.1575 0.0587 14.7696 17.5299 16.5583 6.61% 5.58% 5.84%

PTM Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.35 17.40 8.35 0.00
Market 0.93 17.00 1.53 1.38
Sector 0.98 13.60 1.04 2.35

PTM Directors

Name Position Start Date
Mr Andrew Stannard Chief Financial Officer, Executive Director 10 Aug 2015
Ms Elizabeth Norman Director of Investor Services and Communication, Executive Director 8 May 2013
Mr Kerr Neilson Executive Director, Chief Executive Officer, Managing Director 12 Jul 1993
Mr Andrew M Clifford Executive Director, Chief Executive Officer, Managing Director 8 May 2013
Mr Michael John Cole Non-Executive Chairman, Non-Executive Director 10 Apr 2007
Mr Timothy (Tim) Neale Trumper Non-Executive Director 1 Aug 2018
Ms Anne Joan Loveridge Non-Executive Director 22 Sep 2016
Ms Brigitte H Smith Non-Executive Director 31 Mar 2018
Mr Stephen Menzies Non-Executive Director 11 Mar 2015

PTM Management

Name Position
Joanne Jefferies Company Secretary

PTM Substantial Shareholders

Holding Name
312,074,841 (53.20%) J Neilson, K Neilson
32,831,449 (5.90%) J Clifford, Moya Pty Limited, A Clifford

PTM Calendar of Events

Date Event
21 February 2020 Report (Interim)
20 February 2020 Report (Interim)
20 September 2019 Report (Annual)
23 August 2019 Report (Prelim)
22 August 2019 Report (Prelim)

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