Want to see AU:L1G full AI Analyst Report?
Top Page
Platinum Asset Management Ltd
(Sydney:L1G)
Select Model
Select Model
Rating:69Neutral
Price Target:
AU$1.00
▼(-7.41% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily driven by strong financial strength (low leverage and strong 2026 cash generation) and a constructive technical setup with price above key moving averages. The main drag is valuation risk, as the P/E is extremely high even after accounting for the very large dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage gives Platinum substantial financial flexibility and reduces pressure from interest costs or refinancing needs. The sharp increase in equity further strengthens its capacity to withstand weaker fund flows, support operations, and maintain strategic flexibility over the next several quarters.
Negative Factors
Earnings depend on FUM and investment outcomes
Because revenue is primarily tied to assets under management, client withdrawals or weaker investment performance can reduce fees without a proportional reduction in the operating platform. This makes earnings structurally sensitive to fund flows, markets, and the team’s investment results.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives Platinum substantial financial flexibility and reduces pressure from interest costs or refinancing needs. The sharp increase in equity further strengthens its capacity to withstand weaker fund flows, support operations, and maintain strategic flexibility over the next several quarters.
Read all positive factors
Platinum Asset Management Ltd (L1G) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.95B
Dividend Yield2.59%
Average Volume (3M)2.08M
Price to Earnings (P/E)18.6
Beta (1Y)1.28
Revenue Growth586.06%
EPS Growth463.96%
CountryAU
Employees5
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.06
Shares Outstanding2,566,683,300
10 Day Avg. Volume2,103,469
30 Day Avg. Volume2,075,420
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.22
Price to Sales (P/S)2.75
P/FCF Ratio6.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.33Price Target Upside22.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$313.36M
Platinum Asset Management Ltd Business Overview & Revenue Model
Company Description
L1 Group Ltd. operates as a fund manager, which engages in investing in global equities. It manages a diverse suite of strategies across long/short equities, global and regional equities, real assets and alternative investments. L1 Group clients i...
How the Company Makes Money
Platinum Asset Management makes money primarily by charging fees for managing client assets. Its core revenue stream is management fees, which are calculated as a percentage of funds under management (FUM) across its investment products (such as u...
Platinum Asset Management Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 934.98M | 140.92M | 185.13M | 211.09M | 232.77M |
| Gross Profit | 910.58M | 54.35M | 106.50M | 202.61M | 244.98M |
| EBITDA | 781.64M | 33.86M | 77.28M | 117.36M | 167.68M |
| Net Income | 145.24M | 6.27M | 45.01M | 80.86M | 101.49M |
Balance Sheet | |||||
| Total Assets | 1.17B | 249.39M | 346.21M | 354.25M | 352.61M |
| Cash, Cash Equivalents and Short-Term Investments | 181.78M | 122.25M | 250.28M | 186.06M | 177.32M |
| Total Debt | 16.73M | 10.64M | 12.35M | 3.25M | 5.25M |
| Total Liabilities | 194.21M | 37.54M | 29.41M | 24.72M | 29.05M |
| Stockholders Equity | 798.07M | 211.78M | 314.23M | 328.17M | 323.55M |
Cash Flow | |||||
| Free Cash Flow | 379.42M | 50.19M | 78.08M | 90.23M | 126.51M |
| Operating Cash Flow | 383.10M | 51.49M | 68.56M | 90.59M | 126.73M |
| Investing Cash Flow | -141.22M | 53.71M | 51.60M | -171.00K | -42.44M |
| Financing Cash Flow | -74.24M | -153.21M | -85.55M | -92.06M | -140.20M |
Platinum Asset Management Ltd Technical Analysis
Positive
1.08
Price Trends
1.17
Negative
1.14
Positive
1.13
Positive
Market Momentum
-0.01
Negative
55.67
Neutral
84.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:L1G, the sentiment is Positive. The current price of 1.08 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.17, and below the 200-day MA of 1.13, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 55.67 is Neutral, neither overbought nor oversold. The STOCH value of 84.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:L1G.
Platinum Asset Management Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$2.85B | 4.34 | 101.77% | 20.46% | -4.25% | -5.70% | |
71 Outperform | AU$2.27B | 15.58 | 8.75% | 8.34% | -17.31% | -45.44% | |
69 Neutral | AU$2.95B | 18.56 | 49.77% | 2.59% | 586.06% | 463.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$3.58B | 19.58 | 16.92% | 3.88% | 22.38% | 22.74% | |
63 Neutral | AU$2.00B | 21.87 | 5.64% | 7.06% | -16.00% | ― |
* Financial Sector Average
AU:L1G
Platinum Asset Management Ltd
1.16
0.09
8.51%
AU:MFG
Magellan Financial Group Ltd
7.79
-1.25
-13.78%
AU:PPT
Perpetual Limited
17.28
-0.55
-3.10%
AU:PNI
Pinnacle Investment Management Group Limited
15.47
-2.95
-16.03%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
0.97
-0.39
-28.62%
Platinum Asset Management Ltd Corporate Events
L1 Group Wins Strong Shareholder Backing for Governance Resolutions and New Constitution
Oct 20, 2026
L1 Group Limited has reported that all resolutions put to shareholders at its 2026 Annual General Meeting were passed by poll, including the adoption of the remuneration report, re-election of non-executive director Rachel Grimes, approval of secu...
L1 Group Lifts FUM to $19.3bn as Long-Short and Gold Funds Drive Inflows
Oct 13, 2026
L1 Group Limited reported a 1.3% rise in funds under management over the September quarter to $19.3 billion, with growth closer to 3.5% when excluding a previously flagged $400 million industry fund mandate return that carried minimal fee impact. ...
L1 Group Hands Health Sciences Fund to Specialist Manager East Rocky
Sep 24, 2026
L1 Group Limited has appointed East Rocky Asset Management LLC as the new manager of the Platinum International Health Sciences Fund, which will be renamed the East Rocky Health Sciences Fund and integrated into East Rocky’s specialised biot...
L1 Group Seeks ASX Quotation for Additional Ordinary Shares
Sep 22, 2026
L1 Group Limited has applied to the Australian Securities Exchange for quotation of 131,772 additional ordinary fully paid shares under its code L1G. The new securities, issued on 23 September 2026, will expand the company’s quoted share cap...
L1 Group Issues 2026 AGM Notice to Shareholders
Sep 17, 2026
L1 Group Limited is an Australia-listed investment group based in Melbourne, operating in the financial services sector. The company focuses on funds management and investment activities, servicing shareholders through its ASX presence and structu...
Platinum Asset Management clarifies dividend reinvestment pricing and NZD payment terms
Sep 8, 2026
Platinum Asset Management Ltd, via L1 Group Limited (ASX: L1G), has updated its previously announced dividend details, confirming the price applicable under its Dividend Reinvestment Plan following the completion of the volume-weighted average pri...
L1 Group Posts FY26 Results and Updates Corporate Governance Disclosures
Aug 16, 2026
L1 Group Limited has released its annual financial package for the year ended 30 June 2026, including its FY26 annual report, full-year results announcement, results presentation and notification of dividend or distribution. The disclosures provid...
L1 Group Posts FY26 Results and Confirms Dividend for Shareholders
Aug 16, 2026
L1 Group Limited has released its FY26 annual financial results, including the Appendix 4E, the full FY26 Annual Report, and a dedicated ASX results announcement. The package also comprises a FY26 Results Presentation and updated corporate governa...
L1 Group delivers surging FY26 profits and margins on higher fees, lower costs
Aug 16, 2026
L1 Group Limited has reported a strong improvement in its financial performance for the year ended 30 June 2026, with total revenue and other income rising sharply to A$963.1 million and profit from ordinary activities after tax increasing to A$54...
L1 Group Launches PXC Advisors in Joint Venture With Dr Andrew Lin
Aug 13, 2026
L1 Group Limited has launched PXC Advisors, a specialist global long short investment manager formed as a 50/50 joint venture with portfolio manager and former L1 Capital investor, Dr Andrew Lin. The new venture will run the PXC Advisors Dynamic R...
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.