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Pinnacle Investment Management Group Limited
(Sydney:PNI)
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Rating:64Neutral
Price Target:
AU$16.50
â–¼(-9.14% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by solid underlying financial performance (re-accelerating revenue and generally strong balance sheet), offset by higher risk signals from FY2026 (debt increase, sharp free-cash-flow drop, and profitability consistency flags). Technicals are a meaningful drag given bearish trend and momentum, while valuation is supportive with a reasonable P/E and a strong dividend yield.
Positive Factors
Diversified affiliate platform
Pinnacle’s model combines multiple specialist affiliates, equity participation and centralised distribution across asset classes and client channels. This diversification can broaden product reach and reduce reliance on any single strategy, while affiliate growth can scale fee income over the medium term.
Negative Factors
Sharp debt increase
Total debt rose to about A$270M in FY2026 from about A$110M in FY2025, reversing the prior low-leverage profile. The increase raises financial risk and may reduce flexibility to fund growth or absorb weaker affiliate FUM and fee income.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified affiliate platform
Pinnacle’s model combines multiple specialist affiliates, equity participation and centralised distribution across asset classes and client channels. This diversification can broaden product reach and reduce reliance on any single strategy, while affiliate growth can scale fee income over the medium term.
Read all positive factors
Pinnacle Investment Management Group Limited (PNI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.58B
Dividend Yield3.88%
Average Volume (3M)1.06M
Price to Earnings (P/E)19.6
Beta (1Y)2.37
Revenue Growth22.38%
EPS Growth22.74%
CountryAU
Employees118
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.79
Shares Outstanding243,556,200
10 Day Avg. Volume665,740
30 Day Avg. Volume1,061,891
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)3.33
Price to Sales (P/S)40.35
P/FCF Ratio35.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$21.62Price Target Upside19.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.83
Revenue Forecast (FY)AU$181.38M
Pinnacle Investment Management Group Limited Business Overview & Revenue Model
Company Description
Pinnacle Investment Management Group Limited is an investment management company based in Australia. The firm delivers a range of services, encompassing third-party fund distribution and crucial infrastructure and support for its affiliated entiti...
How the Company Makes Money
Pinnacle’s earnings are primarily driven by the funds under management (FUM) managed by its affiliated investment boutiques and the fees those boutiques generate. The underlying boutiques earn management fees (typically charged as a percentage of ...
Pinnacle Investment Management Group Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 95.23M | 75.86M | 47.56M | 54.21M | 42.12M |
| Gross Profit | 88.79M | 68.54M | 6.78M | 52.65M | 39.80M |
| EBITDA | 198.34M | 146.79M | 8.35M | 16.74M | 7.23M |
| Net Income | 176.71M | 134.43M | 90.35M | 76.47M | 76.36M |
Balance Sheet | |||||
| Total Assets | 1.49B | 1.06B | 582.99M | 552.64M | 536.76M |
| Cash, Cash Equivalents and Short-Term Investments | 89.45M | 26.56M | 184.82M | 27.62M | 38.27M |
| Total Debt | 270.38M | 110.36M | 109.43M | 120.49M | 121.66M |
| Total Liabilities | 331.46M | 142.55M | 127.10M | 130.06M | 134.57M |
| Stockholders Equity | 1.16B | 918.42M | 455.89M | 422.57M | 402.18M |
Cash Flow | |||||
| Free Cash Flow | 106.90M | 124.01M | 76.67M | 58.78M | 69.76M |
| Operating Cash Flow | 107.57M | 124.34M | 76.70M | 58.79M | 71.77M |
| Investing Cash Flow | -70.25M | -444.38M | 20.16M | -6.71M | -222.42M |
| Financing Cash Flow | 25.51M | 314.04M | -91.92M | -62.73M | 92.78M |
Pinnacle Investment Management Group Limited Technical Analysis
Positive
18.16
Price Trends
14.46
Positive
15.78
Negative
15.53
Negative
Market Momentum
0.18
Negative
65.79
Neutral
85.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNI, the sentiment is Positive. The current price of 18.16 is above the 20-day moving average (MA) of 14.22, above the 50-day MA of 14.46, and above the 200-day MA of 15.53, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 65.79 is Neutral, neither overbought nor oversold. The STOCH value of 85.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PNI.
Pinnacle Investment Management Group Limited 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% | ― | |
53 Neutral | AU$6.10B | 34.00 | 5.08% | 1.97% | -4.68% | 4.33% |
* Financial Sector Average
AU:PNI
Pinnacle Investment Management Group Limited
15.47
-3.58
-18.80%
AU:AMP
AMP
2.54
0.80
46.40%
AU:MFG
Magellan Financial Group Ltd
7.79
-1.16
-12.97%
AU:PPT
Perpetual Limited
17.28
-0.64
-3.55%
AU:L1G
Platinum Asset Management Ltd
1.16
0.06
5.17%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
0.97
-0.40
-29.10%
Pinnacle Investment Management Group Limited Corporate Events
Pinnacle Investors Back All Resolutions at 2026 AGM
Oct 30, 2026
Pinnacle Investment Management Group Limited has reported the results of its 2026 Annual General Meeting, with all resolutions put to shareholders carried by strong majorities. The meeting covered key governance matters including the adoption of t...
Pinnacle Investment Marks 20 Years and Signals Confidence in Continued Growth
Oct 29, 2026
Pinnacle Investment Management marked two major milestones at its 2026 annual general meeting, celebrating 20 years since its formal inception and a decade as a listed pure-play funds manager. The company highlighted its evolution from a small ope...
Pinnacle Investment Management Sets Agenda for 2026 Annual General Meeting
Oct 29, 2026
Pinnacle Investment Management Group Limited has convened its 2026 Annual General Meeting, scheduled to begin at 9:00 a.m. Sydney time, outlining a structured agenda for shareholders and stakeholders. The meeting will cover formal business matters...
Pinnacle Seeks ASX Quotation for Over 2 Million New Shares
Oct 2, 2026
Pinnacle Investment Management Group Limited has applied for quotation of 2,027,928 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on 2 October 2026, will be traded under the existing ASX code PNI and ...
Pinnacle Director Deborah Beale Increases Indirect Shareholding
Oct 1, 2026
Pinnacle Investment Management Group has disclosed a change in the interests of director Deborah Beale, in line with ASX reporting requirements. The notice reflects an update to her indirect shareholdings in the company via several controlled inve...
Pinnacle Director Lorraine Berends Lifts Indirect Shareholding
Sep 30, 2026
Pinnacle Investment Management Group Limited has reported a change in the securities interests of director Lorraine Berends, in compliance with ASX disclosure requirements. The notice reflects the company’s adherence to regulatory standards ...
Pinnacle Director Increases Indirect Stake via Dividend Reinvestment
Sep 28, 2026
Pinnacle Investment Management Group has disclosed a change in the interests of director Christa Lenard, in line with ASX listing rule requirements. The filing details Lenard’s indirect holding in the company through control over voting and ...
Pinnacle Flags Trading Halt in Metrics-Managed Listed Funds
Sep 28, 2026
Pinnacle Investment Management has disclosed that three exchange-traded funds managed by its affiliate Metrics Credit Partners – Metrics Master Income Trust, Metrics Income Opportunities Trust and Metrics Real Estate Multi-Strategy Fund R...
Pinnacle Sets Hybrid AGM to Vote on Governance and Share Issuance Resolutions
Sep 25, 2026
Pinnacle Investment Management Group Limited has convened its 2026 Annual General Meeting as a hybrid event, to be held on 30 October in Sydney and via live webcast. The meeting materials, including the notice of meeting and proxy forms, have been...
Pinnacle Director Ian Macoun Increases Stake via Dividend Reinvestment
Sep 25, 2026
Pinnacle Investment Management Group Limited has reported a change in the shareholding of director Ian Macoun, following the latest dividend reinvestment plan. Macoun acquired 321,774 ordinary shares at $13.8248 per share through the plan, lifting...
Pinnacle Director Alan Watson Increases Shareholding via Dividend Reinvestment
Sep 25, 2026
Pinnacle Investment Management Group Limited has reported a small change in the shareholding of director Alan Watson, reflecting the issue of additional ordinary shares under the company’s dividend reinvestment plan. Watson’s holding i...
Pinnacle Director Deborah Beale Lifts Indirect Shareholding
Sep 25, 2026
Pinnacle Investment Management Group Limited, an Australian-based funds management and financial services firm, partners with specialist investment managers to deliver diversified portfolio solutions to institutional and retail clients. Its busine...
Pinnacle Investment Management Seeks ASX Quotation for New Dividend Plan Shares
Sep 25, 2026
Pinnacle Investment Management Group Limited has applied for quotation on the ASX of 568,268 new ordinary fully paid shares, to be issued on September 25, 2026. These securities are being issued under a dividend or distribution plan, modestly incr...
Pinnacle Clears Regulatory Hurdles for AVI Share Issue Completion
Sep 24, 2026
Pinnacle Investment Management Group Limited has confirmed that all conditions precedent for its proposed AVI-related share issue have now been satisfied, including change of control approval from the United Kingdom Financial Conduct Authority and...
Pinnacle Updates Details of June 2026 Dividend Distribution
Sep 21, 2026
Pinnacle Investment Management Group Limited, a listed Australian funds management company trading under the ASX ticker PNI, provides investment products and services to a broad base of institutional and retail clients. Its ordinary fully paid sha...
Pinnacle to Present Growth Strategy at Canaccord Genuity Conference
Aug 11, 2026
Pinnacle Investment Management Group Limited announced that it will present to investors and analysts at the Canaccord Genuity 46th Annual Growth Conference in Boston, USA. The attached presentation highlights the firm’s positioning as a pla...
Pinnacle Details Incentive Package for New Board Member Matthew Lamb
Aug 5, 2026
Pinnacle Investment Management Group has detailed the employment and incentive arrangements for new board member Matthew Lamb, who is also a member of its affiliate Pacific Asset Management LLP. Lamb receives an annual drawing of £400,000 fro...
Pinnacle appoints Pacific Asset Management CEO Matthew Lamb to Board
Aug 4, 2026
Pinnacle Investment Management Group Limited has appointed Matthew Lamb to its Board as an Executive Director, effective 5 August 2026, strengthening its leadership team with deep global asset management experience. Lamb is the founding partner an...
Pinnacle Plans November Placement of Over 2 Million New Shares
Aug 4, 2026
Pinnacle Investment Management Group Limited has notified the ASX of a proposed placement of up to 2,027,928 ordinary fully paid shares. The new securities, to be issued on 30 November 2026, reflect the company’s ongoing use of equity capita...
Pinnacle Details ESG Priorities in 2026 Sustainability Report
Aug 4, 2026
Pinnacle Investment Management Group Limited operates in the asset and funds management industry, providing investment management and related services. The company focuses on corporate governance, climate risk, people and culture, diversity and in...
Pinnacle Declares AUD 0.31 Interim Dividend and Opens DRP for Shareholders
Aug 4, 2026
Pinnacle Investment Management Group Limited has declared a fully franked interim dividend of AUD 0.31 per ordinary share for the six months to 30 June 2026. The dividend will trade ex on 31 August, with a record date of 1 September and payment sc...
Pinnacle Outlines Comprehensive Corporate Governance Framework
Aug 4, 2026
Pinnacle Investment Management Group Limited has released its Corporate Governance Statement outlining the foundations for management oversight, the structure of its board and its commitment to lawful, ethical and responsible conduct. The statemen...
Pinnacle Files Updated ASX Corporate Governance Statement for FY26
Aug 4, 2026
Pinnacle Investment Management Group Limited has lodged its updated corporate governance statement for the year ended 30 June 2026, in line with ASX Listing Rules. The statement, current as at 4 August 2026 and approved by the board, is published ...
Pinnacle lifts profit and FUM as PAM acquisition cements growth platform
Aug 4, 2026
Pinnacle Investment Management reported a strong FY2026 result, with net profit after tax rising 31% to $176.7 million and adjusted NPAT up 21%, while diluted EPS increased 25% and dividends were maintained at 60 cents per share, reflecting robust...
Pinnacle Investment Management Details Strategy, Results and Governance in Annual Report
Aug 4, 2026
Pinnacle Investment Management Group Limited has released its annual report outlining the nature of its operations, principal activities and key financial highlights for the year. The report details the performance of Pinnacle Affiliates, reviews ...
Pinnacle Investment Management boosts profit and expands platform with Pacific Asset Management acquisition
Aug 4, 2026
Pinnacle Investment Management Group Limited reported a strong financial performance for the year ended 30 June 2026, with revenues from ordinary continuing activities rising 67.5% to $109.7 million and net profit attributable to shareholders incr...
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.