Want to see AU:PAC full AI Analyst Report?
Pacific Current Group Ltd (PAC) AI Stock Analysis
Pacific Current Group Ltd
(ASX:PAC)
The overall score of 57 reflects a company with a rock-solid, debt-free balance sheet and strong capital management, offset by highly volatile and currently negative core earnings. The primary strength is the company's financial stability and proactive shareholder returns, including a high dividend yield. The most significant risk is the extreme revenue decline and statutory net loss, which makes the negative P/E ratio a major concern. The ongoing strategic review provides a potential catalyst, but until core earnings stabilize, the stock's profile remains high-risk.
Pacific Current Group Ltd (PAC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 187.54M
- Dividend Yield
- 4.42%
- Average Volume (3M)
- 4,973
- Price to Earnings (P/E)
- -361.7
- Beta (1Y)
- -0.01
- Revenue Growth
- -88.55%
- EPS Growth
- -104.51%
- Country
- Australia
- Employees
- 5
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
Pacific Current Group Ltd Business Overview & Revenue Model
Company Description
Pacific Current Group Limited is a global multi-boutique asset management company that oversees investments for a diverse clientele, including both institutional and individual investors. Headquartered in Melbourne, Australia, the firm was rebranded...
How the Company Makes Money
PAC’s earnings are primarily tied to the economics of its ownership interests in fund management businesses and the performance of those investments. Key ways it makes money typically include: (1) share of recurring management and advisory fee income...
Pacific Current Group Ltd Earnings Call Summary
The call presents a mixed but constructive picture: strong execution on capital management (debt elimination, buybacks, dividend increase, cost cuts), improved balance sheet metrics and multi-year NAV performance contrast with materially lower underlying income and NPAT, a reduction in funds under management and greater earnings concentration in interest income. The company has launched a strategic review and received an indicative proposal, indicating proactive steps to bridge the valuation gap and pursue options to unlock shareholder value.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided FY'27 to preserve capital optionality, continue returning capital to shareholders (dividends and on‑market buybacks), target further material expense reduction and sharpen the operating model while a strategic review runs; materially both interest expense and investment‑management fees are expected to roll off entirely in FY'27 following debt repayment and the GQG agreement conclusion. Key metrics underpinning that guidance: FY'26 underlying NPAT of AUD 14.8m (underlying income AUD 25.1m), interest income AUD 16.8m (67% of underlying income), total overheads down 41% to AUD 9.4m, interest expense down to AUD 2.6m (from AUD 6.7m), underlying EPS AUD 0.502 (‑10%) on a 36.8% reduction in weighted average shares, strong cash conversion with underlying pretax cash earnings AUD 14.4m (91% of underlying PBT), total dividends AUD 0.48 per share (interim AUD 0.20 fully franked, final AUD 0.28 franked 17.5%), fair‑value NAV AUD 16.18/share (up 4% YoY; compounded >14% p.a. over 5 years from AUD 8.39), funds under management AUD 26.4bn (from AUD 30bn), cash and short‑term deposits AUD 157.7m (up AUD 19.8m), corporate net assets up AUD 274.9m to ~AUD 419.2m, fair‑value net assets AUD 452m, liabilities down 89% to AUD 8.6m, and buybacks of >2.2m shares for AUD 22.9m (shares on issue down 7% to 27.9m).
Pacific Current Group Ltd Financial Statement Overview
Summary
Financial performance is a tale of extremes. The balance sheet is a fortress with zero debt and strong equity, providing significant stability. However, the income statement shows extreme volatility, including a dramatic revenue collapse and net loss in FY2026. Positive operating cash flow provides a floor, but overall earnings quality and predictability are poor, dragging the score down.
Income Statement
35NegativeBalance Sheet
78PositiveCash Flow
55Neutral| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.71M | 15.71M | 128.14M | 104.72M | 44.51M | 43.56M |
| Gross Profit | 13.10M | 15.71M | 122.98M | 101.86M | 40.66M | 40.29M |
| EBITDA | -17.30M | -14.68M | 113.60M | 172.13M | -5.04M | -49.19M |
| Net Income | -1.50M | -1.50M | 58.16M | 110.08M | -15.79M | -35.27M |
Balance Sheet | ||||||
| Total Assets | 404.89M | 398.68M | 523.42M | 727.88M | 612.38M | 608.97M |
| Cash, Cash Equivalents and Short-Term Investments | 157.66M | 157.66M | 137.89M | 343.32M | 23.20M | 34.89M |
| Total Debt | 0 | 0 | 62.09M | 64.01M | 45.62M | 1.43M |
| Total Liabilities | 14.83M | 8.63M | 78.76M | 128.82M | 102.15M | 82.25M |
| Stockholders Equity | 390.06M | 390.06M | 444.66M | 599.06M | 509.52M | 524.81M |
Cash Flow | ||||||
| Free Cash Flow | 12.27M | 12.27M | 20.20M | -2.37M | 19.18M | 23.19M |
| Operating Cash Flow | 12.27M | 12.27M | 20.21M | 20.61M | 21.82M | 23.47M |
| Investing Cash Flow | 85.04M | 85.04M | 206.34M | 63.47M | -55.12M | 4.76M |
| Financing Cash Flow | -98.02M | -98.02M | -284.46M | -10.46M | 22.10M | -23.18M |
Pacific Current Group Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PAC, the sentiment is Negative. The current price of 10.85 is below the 20-day moving average (MA) of 10.87, below the 50-day MA of 11.09, and above the 200-day MA of 10.53, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 48.75 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PAC.
Pacific Current Group Ltd Peers Comparison
Overall Rating
AU:L1G69Neutral
AU:MFG67Neutral
AU:PNI64Neutral
AU:PPT63Neutral- AU:PAC57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:L1G | 69Neutral | AUD 2.95B | 18.99 | 49.77% | 2.58% | 586.06% | 463.96% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AU:MFG | 67Neutral | AUD 2.27B | 15.58 | 8.75% | 8.15% | -17.31% | -45.44% |
| AU:PNI | 64Neutral | AUD 3.58B | 20.30 | 16.92% | 3.82% | 22.38% | 22.74% |
| AU:PPT | 63Neutral | AUD 2.00B | 22.24 | 5.64% | 7.01% | -16.00% | ― |
| AU:PAC | 57Neutral | AUD 304.54M | -361.67 | -0.37% | 4.42% | -88.55% | -104.51% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:PAC | Pacific Current Group Ltd | 10.85 | 0.52 | 5.07% | |
| AU:MFG | Magellan Financial Group Ltd | 7.98 | -0.92 | -10.39% | |
| AU:PPT | Perpetual Limited | 17.40 | -0.30 | -1.70% | |
| AU:L1G | Platinum Asset Management Ltd | 1.17 | 0.12 | 11.59% | |
| AU:PNI | Pinnacle Investment Management Group Limited | 15.70 | -2.23 | -12.45% |
Pacific Current Group Ltd Corporate Events
Pacific Current pauses on-market share buy-back program
Pacific Current Group has notified the market of changes to its on-market share buy-back, which relates to its ordinary fully paid shares listed under the ASX code PAC. The company, an investment management and funds platform operator, uses capital m...
Pacific Current Group lodges 2026 governance statement with ASX
Pacific Current Group Limited has released its 2026 Corporate Governance Statement and accompanying Appendix 4G, meeting Australian Securities Exchange requirements for governance disclosure for the year ended 30 June 2026. The statement, approved by...
Pacific Current warns on FUM extrapolation in FY26 results update
Pacific Current Group has released a FY26 results presentation dated 27 August 2026, outlining its financial year performance and reinforcing that the material is for general information only. The company highlights that funds under management do not...
Pacific Current swings to loss but maintains dividends amid revenue slump
Pacific Current Group Ltd has reported a sharp deterioration in its financial performance for the year ended 30 June 2026, with revenue from ordinary activities falling to $15.0 million from $41.5 million, a decline of nearly 64%. The group swung to...
Pacific Current launches strategic review after River Capital proposal
Pacific Current Group has launched a strategic review to explore options to maximise shareholder value, following its transition to a portfolio owner and a period of asset realisations and capital returns. The review will assess pathways to improve r...
Pacific Current Group Sets Investor Call for 2026 Full‑Year Results
Pacific Current Group Limited, a multi‑boutique asset manager with investments in seven specialist firms worldwide, leverages capital, distribution networks and operational support to grow its partners’ businesses and enhance returns for...
Pacific Current Cancels Shares Following On-Market Buy-Back
Pacific Current Group Ltd has cancelled 51,995 ordinary fully paid shares following an on-market buy-back completed on 3 July 2026. The reduction in issued capital reflects the company’s ongoing capital management strategy, which may enhance ea...
Pacific Current Updates ASX on Ongoing On-Market Share Buy-Back
Pacific Current Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares, trading under the code PAC. The update confirms that as of July 1, 2026, the comp...
Pacific Current Updates ASX on Progress of On‑Market Share Buy-Back
Pacific Current Group Ltd has issued an updated notification to the ASX regarding its ongoing on‑market share buy-back program for its fully paid ordinary shares. The company reported that it has repurchased a cumulative total of 2,188,537 shar...
Pacific Current Updates Daily On-Market Share Buy-Back Activity
Pacific Current Group Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid shares under the code PAC. The latest update records a cumulative total of 2,179,577 shares repur...
Pacific Current Continues On-Market Share Buy-Back Program
Pacific Current Group Ltd has issued an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under the ASX code PAC. The latest filing, dated 24 June 2026, confirms that the company repurchase...
Pacific Current Continues On‑Market Share Buy‑Back Program
Pacific Current Group has continued its on‑market share buy‑back program, reporting that it repurchased 7,561 ordinary fully paid shares on the previous trading day, bringing the cumulative total bought back to 2,164,486 shares. The ongoi...
Pacific Current Cancels 215,426 Shares in On-Market Buy-Back
Pacific Current Group Ltd has cancelled 215,426 ordinary fully paid shares as part of an on-market buy-back completed on June 19, 2026. The reduction in issued capital reflects the company’s ongoing capital management strategy, which can enhanc...
Pacific Current Continues On-Market Share Buy-Back Program
Pacific Current Group Ltd has continued its on-market share buy-back program, reporting that it has repurchased a total of 2,161,903 ordinary fully paid shares prior to the latest trading day and an additional 313 shares on the previous day. The disc...
Pacific Current continues on‑market buy‑back with daily share repurchases
Pacific Current Group Ltd, listed on the ASX under ticker PAC, is an investment management firm that primarily partners with and invests in boutique asset managers. Its business model centres on generating long-term value for shareholders through sta...
Pacific Current Reports Daily Progress on Ongoing Share Buy-Back
Pacific Current Group Ltd, the ASX-listed investment management firm trading under ticker PAC, continues to manage its capital structure through an on-market share buy-back of its ordinary fully paid shares. The company has an established program tha...
Pacific Current Continues On-Market Share Buy-Back With Daily Updates
Pacific Current Group Ltd has continued its on-market share buy-back program, disclosing an updated daily notification for the repurchase of its ordinary fully paid shares. The company reported that a total of 1,930,301 securities had been bought bac...
Pacific Current Updates Daily On-Market Share Buy-Back Activity
Pacific Current Group Ltd, the ASX-listed investment management firm trading under ticker PAC, has ordinary fully paid shares as its primary listed security. The company continues to use on-market share buy-backs as a capital management tool, which c...
Pacific Current Tightens Governance With Updated Securities Trading Policy
Pacific Current Group Limited has formalised a comprehensive securities trading policy that governs how its directors, employees, contractors and certain related parties may deal in the company’s securities and those of other listed entities. T...
Pacific Current lifts capacity under on‑market share buyback
Pacific Current Group has updated its on-market share buyback program for its ordinary fully paid shares, increasing the maximum number of securities it is permitted to repurchase. The revised authorization, which amends a buyback first notified in O...
Pacific Current steps up on‑market buy-back with daily share repurchases
Pacific Current Group Ltd, the ASX-listed investment manager trading under ticker PAC, continues to deploy an on-market buy-back program targeting its ordinary fully paid shares as part of its broader capital management strategy. The company has alre...
Pacific Current Reports Daily Progress on On-Market Share Buy-Back
Pacific Current Group Ltd has continued its on-market share buy-back program for its ordinary fully paid shares, reporting that it repurchased 33,055 shares on the previous trading day. This brings the total number of shares bought back under the cur...
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.
Date of analysis: Aug 28, 2026