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Pioneer Credit Ltd
(Sydney:PNC)
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Rating:53Neutral
Price Target:
AU$0.62
▼(-11.57% Downside)
Action:Reiterated
Date:10/24/26
The score is held back mainly by higher financial risk (very high leverage and uneven multi-year cash flow/earnings consistency) and weak technical momentum (price below key moving averages with negative MACD). Offsetting these, the stock looks attractively valued on a low P/E and shows a notable near-term earnings and operating cash flow recovery in 2026.
Positive Factors
Revenue and Profit Recovery
Latest-year revenue growth of 29.8% and net income of 23.2M show a substantial earnings recovery. If sustained, this improvement can rebuild equity, support investment in collections capability, and provide greater resilience against portfolio-performance swings.
Negative Factors
Very High Leverage
Debt of 328.2M against equity of 83.8M leaves a limited balance-sheet cushion and makes the company more sensitive to weaker earnings or credit conditions. High leverage can restrict financial flexibility, increase refinancing pressure, and constrain future portfolio investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Recovery
Latest-year revenue growth of 29.8% and net income of 23.2M show a substantial earnings recovery. If sustained, this improvement can rebuild equity, support investment in collections capability, and provide greater resilience against portfolio-performance swings.
Read all positive factors
Pioneer Credit Ltd (PNC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$113.56M
Dividend Yield8.43%
Average Volume (3M)74.08K
Price to Earnings (P/E)4.2
Beta (1Y)0.93
Revenue Growth16.06%
EPS Growth238.05%
CountryAU
Employees343
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding192,002,990
10 Day Avg. Volume97,621
30 Day Avg. Volume74,080
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.29
Price to Sales (P/S)1.07
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.28Price Target Upside82.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$114.73M
Pioneer Credit Ltd Business Overview & Revenue Model
Company Description
Pioneer Credit Limited, along with its subsidiary entities, provides financial services throughout Australia. A central part of its operations involves the acquisition and subsequent management of retail debt portfolios. This company was establish...
How the Company Makes Money
PNC makes money primarily by purchasing portfolios of non-performing consumer debts for a price below the debts’ face value and then generating collections over time from customers on those accounts. Its core revenue model is therefore the spread ...
Pioneer Credit Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
42
Neutral
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 101.10M | 367.00K | 65.74M | 78.97M | 53.66M |
| Gross Profit | 101.10M | -37.41M | 65.74M | 73.17M | 48.15M |
| EBITDA | 50.20M | 45.95M | 13.45M | 35.57M | 8.93M |
| Net Income | 23.20M | 6.66M | -10.04M | 166.00K | -33.09M |
Balance Sheet | |||||
| Total Assets | 445.55M | 388.58M | 367.94M | 326.75M | 339.45M |
| Cash, Cash Equivalents and Short-Term Investments | 140.08M | 120.28M | 118.21M | 114.51M | 119.37M |
| Total Debt | 324.60M | 304.56M | 293.35M | 275.72M | 266.71M |
| Total Liabilities | 361.80M | 328.00M | 323.74M | 284.82M | 298.38M |
| Stockholders Equity | 83.80M | 60.58M | 44.19M | 41.93M | 41.08M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -12.81M | -29.54M | -20.44M | -47.57M |
| Operating Cash Flow | 70.00M | -12.59M | -28.83M | -19.96M | -46.76M |
| Investing Cash Flow | -93.80M | -217.00K | -707.00K | -478.00K | -812.00K |
| Financing Cash Flow | 28.10M | 12.22M | 25.28M | 5.78M | 60.27M |
Pioneer Credit Ltd Technical Analysis
Negative
0.70
Price Trends
0.65
Negative
0.66
Negative
0.65
Negative
Market Momentum
-0.02
Positive
39.30
Neutral
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNC, the sentiment is Negative. The current price of 0.7 is above the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.65, and above the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.30 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PNC.
Pioneer Credit Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.01B | 9.71 | 11.68% | 5.23% | 7.39% | 12.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$260.95M | 9.00 | 8.80% | 8.60% | -6.45% | -0.06% | |
60 Neutral | AU$777.43M | 7.29 | 12.29% | 8.67% | -0.65% | 8.02% | |
56 Neutral | AU$995.81M | 7.11 | 12.12% | 15.01% | -3.49% | 7.16% | |
53 Neutral | AU$113.56M | 4.19 | 30.04% | 8.43% | 16.06% | 238.05% | |
52 Neutral | AU$49.14M | -1.21 | -41.92% | ― | 28.46% | 40.67% |
* Financial Sector Average
AU:PNC
Pioneer Credit Ltd
0.60
-0.07
-9.85%
AU:SVR
Money3 Corporation Limited
1.40
>-0.01
-0.29%
AU:CCP
Credit Corp Group Limited
14.83
1.34
9.96%
AU:PPM
Pepper Money Ltd
1.73
-0.34
-16.59%
AU:MME
MoneyMe Ltd.
0.06
-0.05
-45.45%
AU:LFG
Liberty Financial Group Ltd
3.28
-0.26
-7.45%
Pioneer Credit Ltd Corporate Events
Pioneer Credit Director Slightly Reduces Stake in Off-Market Employee Incentive Transfer
Oct 5, 2026
Pioneer Credit Ltd has reported a change in the securities interests of director Keith Roy John, reflecting an off-market transfer of 25,000 fully paid ordinary shares as an incentive for an employee outside the company’s equity incentive pl...
Pioneer Credit sets date for 2026 virtual AGM
Sep 23, 2026
Pioneer Credit Ltd, an ASX-listed financial services provider focused on helping Australians out of financial difficulty, is highlighting its customer-centric approach and strong industry relationships as the basis for future growth. The company p...
Pioneer Credit director boosts shareholding through equity incentive vesting
Aug 27, 2026
Pioneer Credit Limited has disclosed a change in the interests of director Keith Roy John, reflecting movements in his holdings of fully paid ordinary shares and equity-based rights in the company. The filing, made under ASX listing rule obligatio...
Pioneer Credit Seeks ASX Quotation for Nearly 3 Million New Shares
Aug 26, 2026
Pioneer Credit Ltd has lodged an application with the ASX for quotation of new ordinary fully paid shares, expanding its listed equity base. The securities, issued on August 19, 2026, total 2,948,315 PNC shares, reflecting the conversion or exerci...
Pioneer Credit Sets Out Comprehensive Corporate Governance Framework
Aug 18, 2026
Pioneer Credit Ltd has outlined a comprehensive corporate governance framework that details the role of its board of directors, specialised committees, and company secretary in overseeing strategy, risk, and executive performance. The framework em...
Pioneer Credit files ASX governance statement and Appendix 4G
Aug 18, 2026
Pioneer Credit Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming that it is available on the company’s website. The statement, current as of 18 August 2026 and approved by the boar...
Pioneer Credit Outlines FY2026 Results in Investor Presentation
Aug 18, 2026
Pioneer Credit Ltd has released a presentation outlining its financial year 2026 results, delivered by Managing Director Keith John and Chief Financial Officer Barry Hartnett. The document sets out a summary of the company’s activities and f...
Pioneer Credit posts record profit and boosts funding for FY27 growth
Aug 18, 2026
Pioneer Credit Limited reported a record FY26 statutory NPAT of $23.1 million, up 245% on the prior year, driven by disciplined investment and strong operating execution. The company also achieved record purchased debt portfolio investment of $105...
Pioneer Credit Unveils Comprehensive 2026 Annual Report
Aug 18, 2026
Pioneer Credit Ltd has released its annual report for the year ended 30 June 2026, presenting a comprehensive overview of performance, operations, business risks, remuneration, and governance. The report includes audited financial statements, an i...
Pioneer Credit sets FY26 results release and investor webinar
Aug 11, 2026
Pioneer Credit Ltd will release its FY26 financial results on 19 August 2026 and immediately follow with an investor briefing webinar led by Managing Director Keith John and Chief Financial Officer Barry Hartnett. The session is open to shareholde...
Pioneer Credit Confirms Compliance on Share Placement to Sophisticated Investors
Jul 27, 2026
Pioneer Credit Limited has issued 28,333,334 fully paid ordinary shares at $0.60 per share to eligible professional and sophisticated investors under a previously announced placement. The share issue was conducted without a prospectus in reliance ...
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.