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Platinum Investment Management

DB:PIJ
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIJ
DB
A$2B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Platinum Asset Management is a publicly owned hedge fund sponsor. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Platinum Investment Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Platinum Investment Management has significant price volatility in the past 3 months.
PIJ Share Price and Events
7 Day Returns
7.5%
DB:PIJ
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-41.4%
DB:PIJ
-11.8%
DE Capital Markets
-20.4%
DE Market
PIJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Platinum Investment Management (PIJ) 7.5% -18.4% -35% -41.4% - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • PIJ underperformed the Capital Markets industry which returned -11.8% over the past year.
  • PIJ underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
PIJ
Industry
5yr Volatility vs Market

PIJ Value

 Is Platinum Investment Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Platinum Investment Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Platinum Investment Management.

DB:PIJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= A$0.54 * 43%
A$0.23
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. A$0.54
Discount Rate (Cost of Equity) See below 4.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PIJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 30%) (0.48%))
0.832
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.832 * 5.44%)
4.14%

Discounted Cash Flow Calculation for DB:PIJ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Platinum Investment Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:PIJ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (43% – 4.14%) * A$0.54)
A$0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.21 / (4.14% - -0.39%)
A$4.67
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.54 + A$4.67
A$5.21
DB:PIJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PIJ represents 0.5356x of ASX:PTM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.5356x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 5.21 x 0.5356
€2.79
Value per share (EUR) From above. €2.79
Current discount Discount to share price of €1.73
= -1 x (€1.73 - €2.79) / €2.79
38%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Platinum Investment Management is available for.
Intrinsic value
38%
Share price is €1.73 vs Future cash flow value of €2.79
Current Discount Checks
For Platinum Investment Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Platinum Investment Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Platinum Investment Management's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Platinum Investment Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Platinum Investment Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PIJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.28
ASX:PTM Share Price ** ASX (2020-04-01) in AUD A$3.23
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Platinum Investment Management.

DB:PIJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:PTM Share Price ÷ EPS (both in AUD)

= 3.23 ÷ 0.28

11.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Platinum Investment Management is good value based on earnings compared to the DE Capital Markets industry average.
  • Platinum Investment Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Platinum Investment Management's expected growth come at a high price?
Raw Data
DB:PIJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-5.8%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:PIJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.62x ÷ -5.8%

-2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Platinum Investment Management earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Platinum Investment Management's assets?
Raw Data
DB:PIJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.55
ASX:PTM Share Price * ASX (2020-04-01) in AUD A$3.23
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:PIJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:PTM Share Price ÷ Book Value per Share (both in AUD)

= 3.23 ÷ 0.55

5.85x

* Primary Listing of Platinum Investment Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Platinum Investment Management is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Platinum Investment Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Platinum Investment Management has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PIJ Future Performance

 How is Platinum Investment Management expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Platinum Investment Management expected to grow at an attractive rate?
  • Platinum Investment Management's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Platinum Investment Management's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Platinum Investment Management's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PIJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PIJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -5.8%
DB:PIJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -3.5%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PIJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PIJ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 301 152 1
2022-06-30 262 119 120 8
2021-06-30 259 129 123 10
2020-06-30 287 153 144 10
2020-04-02
DB:PIJ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 320 151 162
2019-09-30 309 158 160
2019-06-30 298 166 158
2019-03-31 298 169 160
2018-12-31 298 171 162
2018-09-30 325 163 176
2018-06-30 352 155 189
2018-03-31 355 155 191
2017-12-31 358 156 193
2017-09-30 345 161 189
2017-06-30 333 165 186
2017-03-31 324 172 181

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Platinum Investment Management's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Platinum Investment Management's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PIJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Platinum Investment Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PIJ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.26 0.26 0.26 1.00
2022-06-30 0.21 0.30 0.15 5.00
2021-06-30 0.22 0.30 0.15 7.00
2020-06-30 0.25 0.30 0.22 6.00
2020-04-02
DB:PIJ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.28
2019-09-30 0.27
2019-06-30 0.27
2019-03-31 0.27
2018-12-31 0.28
2018-09-30 0.30
2018-06-30 0.32
2018-03-31 0.33
2017-12-31 0.33
2017-09-30 0.32
2017-06-30 0.32
2017-03-31 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Platinum Investment Management is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Platinum Investment Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Platinum Investment Management has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PIJ Past Performance

  How has Platinum Investment Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Platinum Investment Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Platinum Investment Management's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Platinum Investment Management's 1-year earnings growth exceeds its 5-year average (-0% vs -5.8%)
  • Platinum Investment Management's earnings growth has not exceeded the DE Capital Markets industry average in the past year (-0% vs 5.7%).
Earnings and Revenue History
Platinum Investment Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Platinum Investment Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PIJ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 319.88 161.87 15.38 5.45
2019-09-30 308.83 159.76 14.19 5.22
2019-06-30 297.77 157.65 12.99 4.98
2019-03-31 297.64 159.78 13.51 4.74
2018-12-31 297.51 161.91 14.41 4.50
2018-09-30 324.73 175.56 13.61 4.36
2018-06-30 351.95 189.22 12.81 4.21
2018-03-31 354.80 191.00 12.71 4.11
2017-12-31 357.65 192.79 12.61 4.01
2017-09-30 345.49 189.41 11.61 3.86
2017-06-30 333.34 186.03 10.61 3.71
2017-03-31 324.48 181.32 10.79 3.61
2016-12-31 315.63 176.60 10.98 3.51
2016-09-30 327.34 188.75 11.18 3.68
2016-06-30 339.05 200.89 11.38 3.85
2016-03-31 355.70 216.58 10.31 3.86
2015-12-31 372.35 232.28 9.25 3.87
2015-09-30 358.26 222.89 9.18 3.70
2015-06-30 344.16 213.50 9.11 3.52
2015-03-31 329.00 199.61 8.95 3.41
2014-12-31 313.85 185.71 8.78 3.29
2014-09-30 316.64 187.79 8.66 3.36
2014-06-30 319.44 189.87 8.54 3.42
2014-03-31 301.92 180.81 8.84 3.32
2013-12-31 284.41 171.75 9.13 3.21
2013-09-30 257.12 150.43 9.39 3.01
2013-06-30 229.83 129.11 9.65 2.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Platinum Investment Management made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Platinum Investment Management used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Platinum Investment Management has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Platinum Investment Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Platinum Investment Management has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PIJ Health

 How is Platinum Investment Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Platinum Investment Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Platinum Investment Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Platinum Investment Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Platinum Investment Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Platinum Investment Management has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Platinum Investment Management Company Filings, last reported 3 months ago.

DB:PIJ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 321.23 0.00 195.02
2019-09-30 321.23 0.00 195.02
2019-06-30 321.09 0.00 194.82
2019-03-31 321.09 0.00 194.82
2018-12-31 432.66 0.00 199.42
2018-09-30 432.66 0.00 199.42
2018-06-30 411.12 0.00 191.68
2018-03-31 411.12 0.00 191.68
2017-12-31 396.51 0.00 376.54
2017-09-30 396.51 0.00 376.54
2017-06-30 335.07 0.00 229.14
2017-03-31 335.07 0.00 229.14
2016-12-31 378.29 0.00 364.81
2016-09-30 378.29 0.00 364.81
2016-06-30 364.21 0.00 354.68
2016-03-31 364.21 0.00 354.68
2015-12-31 350.62 0.00 339.15
2015-09-30 350.62 0.00 339.15
2015-06-30 349.18 0.00 327.07
2015-03-31 349.18 0.00 327.07
2014-12-31 372.60 0.00 364.64
2014-09-30 372.60 0.00 364.64
2014-06-30 375.26 0.00 368.15
2014-03-31 375.26 0.00 368.15
2013-12-31 371.04 0.00 338.39
2013-09-30 371.04 0.00 338.39
2013-06-30 344.07 0.00 333.75
  • Platinum Investment Management has no debt.
  • Platinum Investment Management has not taken on any debt in the past 5 years.
  • Platinum Investment Management has no debt, it does not need to be covered by operating cash flow.
  • Platinum Investment Management has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Platinum Investment Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Platinum Investment Management has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PIJ Dividends

 What is Platinum Investment Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.36%
Current annual income from Platinum Investment Management dividends. Estimated to be 7.16% next year.
If you bought €2,000 of Platinum Investment Management shares you are expected to receive €167 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Platinum Investment Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Platinum Investment Management's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PIJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PIJ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.26 1.00
2022-06-30 0.22 9.00
2021-06-30 0.22 11.00
2020-06-30 0.25 11.00
2020-04-02
DB:PIJ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-20 0.270 6.560
2018-08-23 0.320 6.526
2018-02-22 0.310 5.311
2017-08-24 0.300 4.192
2017-02-23 0.300 6.130
2016-08-25 0.320 6.192
2015-08-20 0.370 5.658
2014-08-21 0.400 5.536
2013-08-15 0.220 3.447
2012-08-16 0.210 4.665
2011-08-19 0.250 6.588
2011-08-18 0.250 6.879
2011-02-18 0.240 5.590
2010-08-19 0.220 4.463
2010-02-19 0.200 3.911
2009-08-20 0.200 3.678

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Platinum Investment Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Platinum Investment Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Platinum Investment Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Platinum Investment Management has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PIJ Management

 What is the CEO of Platinum Investment Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Clifford
COMPENSATION A$668,043
AGE 53
TENURE AS CEO 1.8 years
CEO Bio

Mr. Andrew McRae Clifford, BCom (Hons) is the Chief Investment Officer and Executive Director of Platinum Investment Management Limited since May 8, 2013 and has been its Managing Director and Chief Executive Officer since July 1, 2018. Mr. Clifford joined Platinum as a co-founding member in 1994 in the capacity of Director of Platinum Investment Management Limited and Deputy Chief Investment Officer. He is a member of the investment team at Platinum Investment Management. He was a Director and Deputy Chief Investment Officer at Platinum Investment Management since 1994 and Portfolio Manager since February 1994. Previously, he was a Vice President at Bankers Trust Australia, covering Asian equities and managing the BT Select Market Trust – Pacific Basin Fund. Mr. Clifford holds a B.Com. Hons from the University of New South Wales.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Platinum Investment Management management team in years:

5.5
Average Tenure
52.5
Average Age
  • The average tenure for the Platinum Investment Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Clifford

TITLE
Co-Founder
COMPENSATION
A$668K
AGE
53
TENURE
1.8 yrs

William Kerr Neilson

TITLE
Founder & Executive Director
COMPENSATION
A$441K
AGE
69

Liz Norman

TITLE
CO-Founder
COMPENSATION
A$2M
AGE
51
TENURE
6.9 yrs

Andrew Stannard

TITLE
CEO, Finance Director
COMPENSATION
A$925K
AGE
52

Mark Aggarwal

TITLE
Head of Finance

Robert Sidoti

TITLE
Operations Manager
TENURE
9.3 yrs

Andy Kirwan

TITLE
Head of Technology
TENURE
6.7 yrs

Matt Githens

TITLE
Chief Compliance Officer
TENURE
4.4 yrs

Joanne Jefferies

TITLE
Group Company Secretary & General Counsel
TENURE
3.5 yrs

Kelley Gibson

TITLE
Human Resources Manager
Board of Directors Tenure

Average tenure and age of the Platinum Investment Management board of directors in years:

5.1
Average Tenure
58
Average Age
  • The tenure for the Platinum Investment Management board of directors is about average.
Board of Directors

Michael Cole

TITLE
Independent Chairman of the Board
COMPENSATION
A$219K
AGE
71
TENURE
13 yrs

Andrew Clifford

TITLE
Co-Founder
COMPENSATION
A$668K
AGE
53
TENURE
6.9 yrs

William Kerr Neilson

TITLE
Founder & Executive Director
COMPENSATION
A$441K
AGE
69
TENURE
26.8 yrs

Liz Norman

TITLE
CO-Founder
COMPENSATION
A$2M
AGE
51
TENURE
6.9 yrs

Stephen Menzies

TITLE
Independent Non-Executive Director
COMPENSATION
A$192K
AGE
63
TENURE
5.1 yrs

Anne Loveridge

TITLE
Independent Non-Executive Director
COMPENSATION
A$192K
AGE
58
TENURE
3.6 yrs

Andrew Stannard

TITLE
CEO, Finance Director
COMPENSATION
A$925K
AGE
52
TENURE
4.7 yrs

Brigitte Smith

TITLE
Independent Non-Executive Director
COMPENSATION
A$175K
AGE
51
TENURE
2.1 yrs

Tim Trumper

TITLE
Independent Non-Executive Director
COMPENSATION
A$161K
AGE
58
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Jun 19 Buy Timothy Trumper Individual 28. May 19 28. May 19 18,900 €2.95 €55,741
X
Management checks
We assess Platinum Investment Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Platinum Investment Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PIJ News

Simply Wall St News

PIJ Company Info

Description

Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to pension and profit sharing plans and corporations. 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. Platinum Asset Management was founded in February 1994 and is based in Sydney, Australia.

Details
Name: Platinum Investment Management Limited
PIJ
Exchange: DB
Founded: 1994
A$1,104,922,609
581,583,103
Website: http://www.platinum.com.au
Address: Platinum Investment Management Limited
Level 8,
7 Macquarie Place,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PTM Ordinary Shares Australian Securities Exchange AU AUD 23. May 2007
DB PIJ Ordinary Shares Deutsche Boerse AG DE EUR 23. May 2007
CHIA PTM Ordinary Shares Chi-X Australia AU AUD 23. May 2007
Number of employees
Current staff
Staff numbers
114
Platinum Investment Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 11:14
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.