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PM Capital Global Opportunities Fund Ltd. (PGF) AI Stock Analysis

AU:PGF

PM Capital Global Opportunities Fund Ltd.

(ASX:PGF)

Select Model
Rating:67Neutral
Price Target:AUD 3.50â–²(10.41% 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 SheetVery low leverage gives PGF financial flexibility and reduces solvency risk during periods of weak portfolio performance. Growing equity also provides a stronger capital base for maintaining its global investment strategy through market cycles.
Negative Factors
Weak Cash ConversionPersistent negative cash generation despite reported profits weakens earnings quality and can limit liquidity during difficult investment periods. It indicates that accounting gains do not consistently translate into cash available for distributions or portfolio support.

PM Capital Global Opportunities Fund Ltd. (PGF) vs. iShares MSCI Australia ETF (EWA)

-10%-5%0%5%10%15%20%25%30%AU:PGF+20.85%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 1.52B
Dividend Yield
4.57%
Average Volume (3M)
727.55K
Price to Earnings (P/E)
6.3
Beta (1Y)
0.67
Revenue Growth
―
EPS Growth
40.23%
Country
Australia
Employees
0
Sector
Financial
Sector Strength
68
Industry
Asset Management - Global

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 inves...

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 prof...

PM Capital Global Opportunities Fund Ltd. Financial Statement Overview

Summary

Strong reported profitability and a conservatively positioned balance sheet (low leverage, healthy ROE in most periods), but recurring negative operating/free cash flow and large year-to-year earnings swings reduce earnings quality and confidence in cash conversion.

Income Statement

71Positive

Balance Sheet

82Very Positive

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue32.93M116.86M246.10M35.99M-12.76M24.04M
Gross Profit-4.05M68.87M244.70M-131.76M-31.84M14.81M
EBITDA250.06M331.71M233.28M173.18M176.71M208.48M
Net Income177.18M238.03M168.19M125.53M126.77M146.39M
Balance Sheet
Total Assets1.48B1.57B1.25B929.99M807.40M644.40M
Cash, Cash Equivalents and Short-Term Investments1.47B1.57B6.43M31.98M23.09M25.27M
Total Debt72.41M137.40M65.42M49.45M53.35M32.12M
Total Liabilities303.67M364.24M225.63M171.33M135.61M106.88M
Stockholders Equity1.18B1.21B1.03B758.65M671.79M537.52M
Cash Flow
Free Cash Flow-32.04M-50.02M-18.15M4.87M-16.38M6.44M
Operating Cash Flow-32.04M-50.02M-18.15M4.87M-16.38M6.44M
Investing Cash Flow48.84M138.81M-123.31M46.74M-35.09M28.63M
Financing Cash Flow-27.44M-59.49M100.27M-38.67M-10.13M-19.30M

PM Capital Global Opportunities Fund Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price3.17

Price Trends

50DMA3.18Negative
100DMA3.19Negative
200DMA3.04Positive

Market Momentum

MACD-0.02Negative
RSI51.59Neutral
STOCH75.00Neutral

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 3.17 is above the 20-day moving average (MA) of 3.15, below the 50-day MA of 3.18, and above the 200-day MA of 3.04, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.59 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

AU:PGF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:WQGAU:WQG79OutperformAUD 520.45M6.7313.90%4.67%-5.33%-20.20%
AU:GQGAU:GQG77OutperformAUD 2.85B4.34101.77%20.46%-4.25%-5.70%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
AU:PGFAU:PGF67NeutralAUD 1.93B6.3419.98%4.57%―40.23%
AU:WGBAU:WGB63NeutralAUD 729.99M-20.65-4.16%8.42%-123.14%-133.85%
AU:NGIAU:NGI62NeutralAUD 1.31B40.232.41%―2.27%-84.63%
AU:FGGAU:FGG61NeutralAUD 655.45M22.394.65%0.00%-61.20%-63.78%

* Financial Sector Average

Performance Comparison

-20%0%20%AU:PGFAU:NGIAU:WQGAU:WGBAU:GQGAU:FGGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:PGF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:PGFPM Capital Global Opportunities Fund Ltd.3.170.5420.44%
AU:NGINavigator Global Investments Ltd2.15-0.55-20.37%
AU:WQGWCM Global Growth Ltd.1.89-0.09-4.70%
AU:WGBWAM Global Ltd.2.03-0.35-14.85%
AU:GQGGQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh0.96-0.39-28.62%
AU:FGGFuture Generation Global Limited1.630.106.54%

PM Capital Global Opportunities Fund Ltd. Corporate Events

PM Capital Global Opportunities Fund Seeks ASX Quotation for 72 Million New Shares

Aug 18, 2026

PM Capital Global Opportunities Fund Ltd. has lodged a new application with the ASX for quotation of additional ordinary fully paid shares, expanding its listed capital base. The fund is seeking quotation for 72,070,436 PGF securities to be issued on...

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 prov...

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 raisi...

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 rec...

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 present...

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 secur...

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 elig...

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 tra...

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 share....

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 franked...

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 board...

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 to...

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 million....

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, a...

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 and...

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 guidance f...

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 invested...

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 reiter...

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 also...

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 gui...

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. Th...

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. The...

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 the...

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 also 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.

Date of analysis: Aug 17, 2026