Peet Limited (PPC) AI Stock Analysis

• Market Cap: AU$767.78M
• Dividend Yield: 3.35%
• Average Volume (3M): 498.62K
• Price to Earnings (P/E): 16.6
• Beta (1Y): 0.36
• Revenue Growth: 6.29%
• EPS Growth: -7.85%
• Country: AU
• Employees: 193
• Sector: Utilities
• Sector Strength: 87
• Industry: Real Estate - Development
• EPS (TTM): 0.05
• Shares Outstanding: 468,158,970
• 10 Day Avg. Volume: 38,422
• 30 Day Avg. Volume: 498,623
• PEG Ratio: -0.16
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 399.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ―

Peet Limited's stock score reflects a stable but challenging financial performance with consistent operational margins but declining revenue and profitability. Technical indicators show stability with neutral to slightly positive momentum, while the valuation is reasonable with a fair P/E ratio and healthy dividend yield.

Peet Limited Business Overview & Revenue Model

Company Description

Peet Limited acquires, develops, and markets residential land in Australia. It operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land primarily for residential development purpose, as well as produces non-residential blocks of land. The Joint Arrangements segment undertakes the development of land through joint arrangements with government, statutory authorities, and private landowners. Peet Limited was founded in 1895 and is headquartered in Perth, Australia.

How the Company Makes Money

Peet Limited makes money primarily through the development and sale of residential and commercial properties. The company's key revenue streams include the sale of land lots, constructed homes, and apartments. Peet often enters into joint ventures and strategic partnerships to leverage additional expertise and resources, which can enhance its project delivery capabilities and expand its market reach. Revenue is also generated through property management services and leasing of commercial spaces within its developments. The company's earnings are influenced by factors such as real estate market conditions, demand for housing, and the successful execution of its development projects.

Peet Limited Financial Statement Overview

Summary

Peet Limited exhibits respectable operational margins but faces declining revenue and profitability, alongside inconsistent cash flows. The balance sheet suggests moderate leverage with a stable equity ratio, but challenges in improving return on equity remain.

Income Statement

Peet Limited's revenue has fluctuated over the years, with a recent decline. The gross profit margin shows relative stability, but net profit margins have decreased significantly in the latest year. EBIT and EBITDA margins remain solid, indicating operational efficiency.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio, indicating moderate leverage. The equity ratio is healthy, suggesting stability. However, the return on equity has decreased recently, reflecting challenges in profitability.

Cash Flow

Cash flow performance has been inconsistent, with negative free cash flow in the latest year due to decreased operating cash flow. The operating cash flow to net income ratio has deteriorated, pointing to potential liquidity concerns.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
319.02M	292.58M	318.91M	266.61M	220.27M	188.28M
	Gross Profit
95.87M	79.53M	103.69M	97.14M	70.11M	67.17M
	EBIT
67.37M	52.23M	52.56M	50.98M	31.55M	19.06M
	EBITDA
48.83M	35.56M	55.03M	53.45M	34.54M	-31.07M
	Net Income Common Stockholders
46.30M	36.55M	70.14M	52.32M	28.50M	-30.06M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.84M	23.76M	38.79M	55.38M	64.13M	46.84M
	Total Assets
1.10B	1.09B	1.05B	1.01B	913.35M	910.97M
	Total Debt
401.72M	350.18M	294.91M	304.34M	273.50M	289.28M
	Net Debt
386.88M	326.42M	256.12M	248.96M	209.38M	242.44M
	Total Liabilities
493.07M	499.09M	464.47M	450.86M	380.75M	397.90M
	Stockholders Equity
584.92M	574.26M	567.50M	541.46M	516.28M	496.34M
Cash Flow		Free Cash Flow
1.87M	-31.20M	36.17M	45.03M	14.23M	-11.43M
	Operating Cash Flow
3.13M	-28.87M	37.07M	46.20M	14.43M	-7.85M
	Investing Cash Flow
2.47M	-1.28M	1.45M	-15.92M	29.46M	3.58M
	Financing Cash Flow
-27.34M	15.12M	-55.10M	-39.02M	-26.60M	17.50M

Peet Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPC, the sentiment is Positive. The current price of 1.6 is above the 20-day moving average (MA) of 1.58, above the 50-day MA of 1.48, and above the 200-day MA of 1.38, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 55.89 is Neutral, neither overbought nor oversold. The STOCH value of 54.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PPC.

Peet Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PPC	66 Neutral	AU$767.78M	16.63	8.08%	3.35%	6.29%	-7.85%
Sector *	64 Neutral	$8.54B	10.24	4.67%	4.36%	4.12%	-13.19%
DEXSF		$4.94B	―	-9.22%	5.83%	―	―
GPTGF		$5.84B	―	-1.94%	5.21%	―	―
MRVGF		$5.81B	―	-6.29%	5.15%	―	―
CWP	69 Neutral	AU$539.62M	10.20	11.86%	4.13%	32.36%	109.17%
SCP	61 Neutral	AU$13.73M	―		―	―	―

Peet Limited Corporate Events

Peet Limited CEO Brendan Gore to Step Down After 20 Years

Peet Limited announced that its Managing Director and CEO, Brendan Gore, will step down after 20 years of leadership, effective July 1, 2025. Gore’s tenure saw significant growth and strategic expansion, including major acquisitions and the establishment of a funds management business. The company is in a strong financial position, and the board will conduct a strategic review following requests from major shareholders. Trevor Allen, a long-serving board member, will also retire, and Brett Fullarton will serve as interim CEO during the executive search.

Peet Limited Raises FY25 Earnings Guidance Amid Strong Performance

Peet Limited has announced an increase in its FY25 earnings guidance, driven by strong operational performance and successful implementation of growth strategies. The company now expects a net profit after tax (NPAT) of $55 million to $58 million, up from the previous forecast of $50 million to $55 million. Additionally, the Board anticipates the full-year dividend to be at the higher end of its payout ratio, reflecting confidence in sustained shareholder value and positive momentum as Peet moves into FY26.

Peet Limited Announces Share Buy-Back Program

Peet Limited has announced a daily share buy-back program, purchasing a total of 24,499,027 ordinary shares, with a remaining 2,677,424 shares to be bought back. The company has spent $23,285,389.67 on this buy-back, complying with all relevant Corporations Act requirements, which may impact its market position and shareholder value.

Peet Limited Announces Cessation of Securities

Peet Limited has announced the cessation of 1,772 ordinary fully paid securities, which were cancelled as part of an on-market buy-back. This move reflects the company’s ongoing capital management strategy, potentially impacting its market positioning by reducing the number of shares outstanding, which may influence shareholder value.

Peet Limited Initiates Strategic Share Buy-Back

Peet Limited has announced a daily share buy-back, purchasing a total of 24,499,027 ordinary shares with a remaining 2,728,909 shares to be bought back. This move indicates the company’s effort to consolidate its share structure and potentially enhance shareholder value, reflecting a strategic financial decision in compliance with the Corporations Act.

Peet Limited Announces Strategic Share Buy-Back

Peet Limited has announced a daily share buy-back, purchasing a total of 24,499,027 ordinary shares with a remaining 2,729,070 shares to be bought back. The buy-back is conducted on-market, and the company confirms compliance with all relevant Corporations Act requirements, indicating a strategic move to potentially enhance shareholder value and optimize capital structure.

Peet Limited Announces Strategic Share Buy-Back

Peet Limited has announced a daily share buy-back, purchasing a total of 21,738,482 shares before the previous day and 25,000 shares on the previous day, amounting to a total consideration of $23,243,774.48. The company remains compliant with all relevant Corporations Act requirements and has 2,735,545 ordinary shares remaining to be purchased under this buy-back scheme, indicating a strategic move to potentially enhance shareholder value and optimize capital structure.