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PM Capital Global Opportunities Fund Ltd.
(Sydney:PGF)
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Rating:67Neutral
Price Target:
AU$3.50
â–˛(8.36% Upside)
Action:Downgraded
Date:08/17/26
The score is driven primarily by mixed financial quality: strong reported profitability and a low-leverage balance sheet are offset by consistently weak cash generation and volatile results. Technicals are mildly supportive with a positive trend and neutral momentum, while valuation is a clear positive due to the low P/E and solid dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage gives PGF financial flexibility and reduces solvency risk during periods of market stress. A growing equity base also provides greater capacity to maintain its investment portfolio through volatile market conditions.
Negative Factors
Weak Cash Conversion
Recurring negative operating and free cash flow reduces confidence that reported profits translate into readily available liquidity. This can constrain distributions or portfolio flexibility during weaker markets, particularly when investment-related cash movements are unfavorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives PGF financial flexibility and reduces solvency risk during periods of market stress. A growing equity base also provides greater capacity to maintain its investment portfolio through volatile market conditions.
Read all positive factors
PM Capital Global Opportunities Fund Ltd. (PGF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.61B
Dividend Yield3.78%
Average Volume (3M)1.33M
Price to Earnings (P/E)6.7
Beta (1Y)0.65
Revenue GrowthN/A
EPS Growth40.23%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)N/A
Shares Outstanding480,469,570
10 Day Avg. Volume380,314
30 Day Avg. Volume1,331,052
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.27
Price to Sales (P/S)13.14
P/FCF Ratio-30.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PM Capital Global Opportunities Fund Ltd. Business Overview & Revenue Model
Company Description
PM Capital Global Opportunities Fund Limited (PGF.AX) is a closed-end equity mutual fund overseen by PM CAPITAL Limited. Its investment strategy targets publicly traded companies across global markets. The fund aims to diversify its holdings by in...
How the Company Makes Money
PGF generates investment returns for shareholders primarily through (1) capital gains and (2) investment income from its portfolio holdings. Capital gains arise when the market value of its investments increases and the fund sells positions at a p...
PM Capital Global Opportunities Fund Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.93M | 116.86M | 246.10M | 35.99M | 184.23M | 2.00M |
| Gross Profit | -4.05M | 68.87M | 244.70M | -131.76M | 165.15M | -15.24M |
| EBITDA | 250.06M | 331.71M | 233.28M | 173.18M | 176.71M | -4.82M |
| Net Income | 177.18M | 238.03M | 168.19M | 125.53M | 126.77M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 1.48B | 1.57B | 1.25B | 929.99M | 807.40M | 617.50M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.57B | 6.43M | 31.98M | 23.09M | 41.93M |
| Total Debt | 72.41M | 137.40M | 65.42M | 49.45M | 53.35M | 10.20M |
| Total Liabilities | 303.67M | 364.24M | 225.63M | 171.33M | 135.61M | 62.35M |
| Stockholders Equity | 1.18B | 1.21B | 1.03B | 758.65M | 671.79M | 555.15M |
Cash Flow | ||||||
| Free Cash Flow | -32.04M | -50.02M | -18.15M | 4.87M | -16.38M | -19.72M |
| Operating Cash Flow | -32.04M | -50.02M | -18.15M | 4.87M | -16.38M | -19.72M |
| Investing Cash Flow | 48.84M | 138.81M | -123.31M | 46.74M | -35.09M | 39.02M |
| Financing Cash Flow | -27.44M | -59.49M | 100.27M | -38.67M | -10.13M | 18.90M |
PM Capital Global Opportunities Fund Ltd. Technical Analysis
Positive
3.23
Price Trends
3.25
Positive
3.08
Positive
2.98
Positive
Market Momentum
0.04
Positive
53.71
Neutral
63.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PGF, the sentiment is Positive. The current price of 3.23 is below the 20-day moving average (MA) of 3.34, below the 50-day MA of 3.25, and above the 200-day MA of 2.98, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 53.71 is Neutral, neither overbought nor oversold. The STOCH value of 63.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PGF.
PM Capital Global Opportunities Fund Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$4.27B | 6.49 | 107.67% | 15.65% | 8.76% | 8.17% | |
74 Outperform | AU$783.93M | 44.95 | 1.95% | 7.70% | -79.48% | -85.93% | |
73 Outperform | AU$579.82M | 10.55 | 10.92% | 4.07% | -40.84% | -55.88% | |
71 Outperform | AU$667.51M | 13.83 | 7.56% | 5.02% | -48.59% | -51.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$1.61B | 6.72 | 27.73% | 3.93% | ― | 40.23% | |
61 Neutral | AU$1.57B | 19.80 | 5.81% | 1.89% | 28.00% | -70.45% |
* Financial Sector Average
AU:PGF
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27.56%
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PM Capital Global Opportunities Fund Ltd. Corporate Events
PM Capital Global Opportunities Fund Posts NTA Update and Confirms Forthcoming Dividend
Aug 17, 2026
PM Capital Global Opportunities Fund has reported its weekly net tangible asset backing per ordinary share as at 14 August 2026, with NTA before tax accruals at $3.09 and NTA after tax at $2.73. These figures are stated on an unaudited basis and p...
PM Capital Global Opportunities Fund Upsizes Share Placement on Strong Demand
Aug 13, 2026
PM Capital Global Opportunities Fund Limited has updated its disclosure on a proposed securities issue to reflect an increased share placement size, driven by stronger-than-expected investor demand. The placement forms part of a broader capital ra...
PM Capital Global Opportunities Fund Raises $221m in Upsized Placement
Aug 13, 2026
PM Capital Global Opportunities Fund Limited has completed an upsized equity placement, raising about $221 million through the issue of 72.1 million new shares at $3.07 each, a price aligned with its estimated pre-tax NTA and at a discount to the ...
PM Capital Global Opportunities Fund details non-underwritten capital raising
Aug 10, 2026
PM Capital Global Opportunities Fund Ltd. has outlined details of a new capital raising comprising a non-underwritten placement to wholesale and sophisticated investors and a non-underwritten share purchase plan for eligible shareholders. The pres...
PM Capital Global Opportunities Fund Plans Major Share Issue and Placement
Aug 10, 2026
PM Capital Global Opportunities Fund Limited has announced a proposed capital raising through both a securities purchase plan and a separate placement of new ordinary fully paid shares. The fund intends to issue up to 6,514,657 shares under the se...
PM Capital Global Opportunities Fund launches $195m capital raising at NTA
Aug 10, 2026
PM Capital Global Opportunities Fund Limited has launched a non-underwritten capital raising comprising a placement of up to about $175 million to wholesale and sophisticated investors and a share purchase plan targeting roughly $20 million from e...
PM Capital Global Opportunities Fund Halts Trading Ahead of Capital Raising
Aug 10, 2026
PM Capital Global Opportunities Fund Ltd. has requested and received a trading halt in its ordinary shares on the Australian Securities Exchange, effective from 11 August 2026. The halt will remain in place until either the commencement of normal ...
PM Capital Global Opportunities Fund Outperforms Market With Strong July Gains
Aug 10, 2026
PM Capital Global Opportunities Fund reported a strong July, delivering a 3.7% net return and outperforming a broader market that fell 0.9%, lifting its since-inception cumulative return to 614.4% and NTA before tax accruals to AUD 2.9435 per shar...
PM Capital Global Opportunities Fund posts NTA update and confirms upcoming dividend
Aug 9, 2026
PM Capital Global Opportunities Fund Ltd. reported its unaudited net tangible asset backing per ordinary share as at 7 August 2026, with NTA before tax accruals at $3.07 and NTA after tax at $2.66. The figures precede the deduction of a fully fran...
PM Capital Global Opportunities Fund Lifts Dividend and Raises Forward Payout Guidance
Aug 9, 2026
PM Capital Global Opportunities Fund has increased its final fully franked dividend for the second half of FY 2026 to 7.5 cents per share, taking the total FY 2026 dividend to 14.5 cents and surpassing its previously stated minimum target. The boa...
PM Capital Global Opportunities Fund Sets Six‑Month Dividend for June 2026 Period
Aug 9, 2026
PM Capital Global Opportunities Fund Ltd., an ASX-listed global equity investment fund trading under PGF, offers investors exposure to a diversified portfolio of international securities via ordinary fully paid shares. The fund distributes returns...
PM Capital Global Opportunities Fund lifts profit, boosts fully franked dividend
Aug 9, 2026
PM Capital Global Opportunities Fund Ltd. reported a strong financial year to 30 June 2026, with net revenue from ordinary activities rising 47.10% to $380.97 million and profit after tax attributable to members increasing 41.53% to $238.03 millio...
PM Capital Global Opportunities Fund Posts July NTA and Highlights Dividend Dependence on Market Conditions
Aug 2, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 31 July 2026, with NTA before tax accruals at $2.94 and NTA after tax, excluding deferred tax assets, at $2.58. The disclosure...
PGF Flags Inflation, AI Boom and Policy Risks as It Sticks to Value Strategy
Jul 27, 2026
PM Capital Global Opportunities Fund Limited, listed on the ASX as PGF, is a global equities investment company with a long-term value focus and net assets of around $1.383 billion. It concentrates on identifying undervalued businesses worldwide a...
PM Capital Global Opportunities Fund Posts Weekly NTA and Reaffirms Dividend Yield Guidance
Jul 26, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited weekly net tangible asset backing per ordinary share as at 24 July 2026, with NTA before tax accruals of $2.92 and NTA after tax of $2.55. The company also reiterated its guidanc...
PM Capital Global Opportunities Fund Posts Strong June as Banks Outperform
Jul 13, 2026
PM Capital Global Opportunities Fund reported a 1.5% net return for June 2026, contributing to a 32.9% one-year gain and a cumulative 588.8% total return since inception, with pre-tax NTA per share at A$2.8795. The portfolio remains 103% net inves...
PM Capital Global Opportunities Fund posts updated NTA and reiterates dividend yield outlook
Jul 12, 2026
PM Capital Global Opportunities Fund Ltd. has released its weekly update on net tangible asset backing per ordinary share as of 10 July 2026, reporting an unaudited pre‑tax NTA of $2.93 and a post‑tax NTA of $2.54. The company also rei...
PM Capital Global Opportunities Fund Reports Updated NTA and Maintains Cautious Dividend Outlook
Jul 5, 2026
PM Capital Global Opportunities Fund Ltd. has disclosed its unaudited net tangible asset backing per ordinary share as at 3 July 2026, reporting an NTA of $2.95 before tax accruals and $2.55 after tax, excluding deferred tax assets. The company al...
PM Capital Global Opportunities Fund Reports Weekly NTA and Dividend Yield Outlook
Jun 28, 2026
PM Capital Global Opportunities Fund Ltd. reported its unaudited net tangible asset backing per ordinary share as at 26 June 2026, with NTA before tax accruals at $2.89 and NTA after tax at $2.50. The company also reiterated its previously issued ...
PM Capital Global Opportunities Fund Posts Weekly NTA and Confirms Dividend Yield Guidance
Jun 21, 2026
PM Capital Global Opportunities Fund Ltd. has released its unaudited weekly net tangible asset figures as at 19 June 2026, reporting an NTA backing per ordinary share of $2.92 before tax accruals and $2.51 after tax, excluding deferred tax assets....
PM Capital Global Opportunities Fund Updates Weekly NTA and Implied Yield
Jun 8, 2026
PM Capital Global Opportunities Fund Ltd. has released its unaudited weekly net tangible asset figures as at 5 June 2026, reporting an NTA backing per ordinary share of $2.84 before tax accruals and $2.45 after tax, excluding deferred tax assets. ...
PM Capital Global Opportunities Fund Updates NTA and Dividend Yield Guidance
May 31, 2026
PM Capital Global Opportunities Fund Ltd. reported its unaudited net tangible asset backing per ordinary share as at 31 May 2026, with NTA before tax accruals of $2.86 and NTA after tax of $2.46. The disclosure gives investors an updated view of t...
PM Capital Global Opportunities Fund Reports Updated NTA and Reiterates Dividend Yield Guidance
May 24, 2026
PM Capital Global Opportunities Fund Ltd. has reported its unaudited net tangible asset backing per ordinary share as at 22 May 2026, with NTA before tax accruals at $2.83 and NTA after tax, excluding deferred tax assets, at $2.43. The company als...
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.