Want to see AU:PNI full AI Analyst Report?
Top Page
Pinnacle Investment Management Group Limited
(Sydney:PNI)
Select Model
Select Model
Rating:70Outperform
Price Target:
AU$15.50
â–¼(-14.65% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by solid financial performance (improving revenue momentum and historically supportive balance sheet/cash conversion), tempered by FY2026-specific risk flags (free cash flow decline, higher debt, and earnings-quality variability in the provided figures). Technicals are supportive with price above key moving averages, while valuation (P/E ~28) is a meaningful headwind despite a ~3.54% dividend yield.
Positive Factors
Multi-affiliate platform
The multi-affiliate model gives Pinnacle exposure to multiple specialist managers, asset classes and client segments. This diversification can broaden product relevance, support distribution resilience, and reduce reliance on any single investment strategy over the next several quarters.
Negative Factors
Higher debt burden
The sharp increase in debt materially weakens Pinnacle’s balance-sheet position relative to the prior year, even though equity remains solid. Higher leverage can reduce financial flexibility and increase the cash commitments associated with funding future growth or absorbing weaker results.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-affiliate platform
The multi-affiliate model gives Pinnacle exposure to multiple specialist managers, asset classes and client segments. This diversification can broaden product relevance, support distribution resilience, and reduce reliance on any single investment strategy over the next several quarters.
Read all positive factors
Pinnacle Investment Management Group Limited (PNI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.19B
Dividend Yield4.31%
Average Volume (3M)1.22M
Price to Earnings (P/E)17.6
Beta (1Y)2.35
Revenue Growth22.38%
EPS Growth22.74%
CountryAU
Employees118
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.79
Shares Outstanding240,960,000
10 Day Avg. Volume1,696,088
30 Day Avg. Volume1,219,108
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$22.02Price Target Upside21.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.85
Revenue Forecast (FY)AU$168.63M
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
PNI makes money primarily by earning fees and earnings interests from the investment boutiques it partners with and partially owns. The core revenue stream is management fees generated on funds under management (FUM) across the affiliated managers...
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
Negative
18.16
Price Trends
16.82
Negative
16.25
Negative
16.00
Negative
Market Momentum
-0.79
Positive
27.66
Positive
17.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNI, the sentiment is Negative. The current price of 18.16 is above the 20-day moving average (MA) of 16.40, above the 50-day MA of 16.82, and above the 200-day MA of 16.00, indicating a bearish trend. The MACD of -0.79 indicates Positive momentum. The RSI at 27.66 is Positive, neither overbought nor oversold. The STOCH value of 17.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$3.58B | 5.02 | 101.77% | 18.88% | -4.25% | -5.70% | |
71 Outperform | AU$2.53B | 17.34 | 8.75% | 7.50% | -17.31% | -45.44% | |
71 Outperform | AU$2.12B | 23.16 | 5.64% | 6.67% | -16.00% | ― | |
70 Outperform | AU$3.19B | 17.62 | 16.92% | 4.31% | 22.38% | 22.74% | |
69 Neutral | AU$2.95B | 18.08 | 49.77% | 2.65% | 586.06% | 463.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
53 Neutral | AU$6.03B | 32.93 | 5.08% | 2.03% | -4.68% | 4.33% |
* Financial Sector Average
AU:PNI
Pinnacle Investment Management Group Limited
13.92
-4.03
-22.46%
AU:AMP
AMP
2.46
0.82
49.73%
AU:MFG
Magellan Financial Group Ltd
8.67
-1.21
-12.26%
AU:PPT
Perpetual Limited
18.30
0.21
1.14%
AU:L1G
Platinum Asset Management Ltd
1.13
0.46
67.90%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.10
-0.38
-25.86%
Pinnacle Investment Management Group Limited Corporate Events
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...
Pinnacle Finalises Employee Share Scheme Buy-Back
Jul 13, 2026
Pinnacle Investment Management Group Limited, a listed investment manager on the ASX under the code PNI, provides funds management and related financial services through a network of specialist managers. Its ordinary fully paid shares offer invest...
Pinnacle Continues Employee Share Scheme Buy-Back With Daily ASX Update
Jul 13, 2026
Pinnacle Investment Management Group Limited has provided an updated notice to the ASX confirming ongoing on-market repurchases of its ordinary fully paid shares under an employee share scheme buy-back. The latest daily notification, dated 14 July...
State Street Group Ceases to Be Substantial Holder in Pinnacle Investment Management
Jul 13, 2026
State Street Corporation and several of its asset management subsidiaries, including State Street Global Advisors entities, have filed a notice indicating they have ceased to be substantial holders in Pinnacle Investment Management Group Limited a...
Pinnacle Issues 1 Million Unquoted Options Under Employee Incentive Scheme
Jun 29, 2026
Pinnacle Investment Management Group Limited has notified the market of the issue of 1,000,000 unquoted options under its employee incentive scheme. The options, which have various exercise prices and expiry dates and will not be quoted on the ASX...
Pinnacle to Buy Back and Cancel 25,000 Forfeited Employee Shares
Jun 24, 2026
Pinnacle Investment Management Group Limited has announced an employee share scheme buy-back of 25,000 ordinary shares granted under its Pinnacle Omnibus Incentive Plan. The shares are currently held by former employees who are no longer entitled ...
Pinnacle Director Increases Indirect Shareholding via On-Market Trade
Jun 19, 2026
Pinnacle Investment Management Group Limited has reported a change in director Christa Lenard’s indirect interest in the company’s shares. Through control over securities held by Gillian Co Pty Limited, Lenard increased her holding via...
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.