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Peet Limited (PPC) AI Stock Analysis

AU:PPC

Peet Limited

(ASX:PPC)

Select Model
Rating:70Outperform
Price Target:AUD 1.50â–²(7.14% Upside)
Action:reiterated
Date:10/21/26

Peet scores well on the strength of its fundamentals and valuation. The company has delivered its best financial year in six, combining a 77% profit lift, materially wider margins, a one-third reduction in debt and a conservative 0.34 debt-to-equity ratio. That improved earnings base is available at a P/E of just 6.5 alongside a roughly 9% dividend yield, a combination that screens as materially undervalued. Holding the score back is the technical picture: the stock trades below all key moving averages with negative MACD, indicating a persistent downtrend. Fundamental risks also warrant caution — revenue growth has stalled, cash flow declined despite the profit surge (suggesting non-cash gains), and operating cash flow has historically been volatile and even negative in 2024, reflecting the cyclicality of land development. No earnings call commentary or corporate events were available, so those components were excluded and their weight redistributed.

Positive Factors
Profitability ExpansionThe sharp improvement in earnings and margin demonstrates stronger profit conversion in the latest year. If maintained across project cycles, higher profitability can support reinvestment, strengthen resilience against development cost pressure, and improve the company’s ability to fund future growth.
Negative Factors
Revenue ContractionDeclining revenue indicates that Peet’s top-line performance remains sensitive to project volumes, settlement timing, and residential demand. Even with stronger margins, sustained revenue softness could limit operating scale, reduce the pipeline of profitable activity, and make earnings less predictable over the medium term.

Peet Limited (PPC) vs. iShares MSCI Australia ETF (EWA)

-30%-20%-10%0%10%20%AU:PPC-20.72%EWA+14.93%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 668.17M
Dividend Yield
9.13%
Average Volume (3M)
2.06M
Price to Earnings (P/E)
6.5
Beta (1Y)
0.92
Revenue Growth
1.05%
EPS Growth
77.00%
Country
Australia
Employees
154
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Peet Limited Business Overview & Revenue Model

Company Description

Peet Limited, an Australian firm founded in 1895 and based in Perth, specializes in the acquisition, development, and marketing of residential land across the country. The company's operations are structured into three distinct segments. Its Funds Ma...

How the Company Makes Money

Peet Limited makes money mainly through (1) property development income and (2) funds/asset management income. In its property development business, Peet acquires or controls land (directly or via development agreements), undertakes planning and deve...

Peet Limited Financial Statement Overview

Summary

Peet is in its strongest financial shape in six years. Net profit surged roughly 77% to A$103 million on essentially flat revenue of about A$419 million, with gross margin lifting to near 39% and net margin to about 25% (Income Statement: 78). The balance sheet strengthened materially — debt cut about 35% to A$219 million, equity up to A$651 million, debt-to-equity down to a conservative 0.34, and ROE improving to roughly 16% (Balance Sheet: 77). Cash flow is the weaker link: operating and free cash flow of A$99 million both slipped from the prior year even as profit jumped, implying a meaningful non-cash component to earnings, and history shows operating cash flow can swing negative, as it did in 2024 (Cash Flow: 68). Stalled top-line growth and cyclical exposure to housing, rates and land valuations temper an otherwise impressive result.

Income Statement

78Positive

Balance Sheet

77Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue419.13M419.13M414.79M292.58M318.91M266.61M
Gross Profit162.36M162.36M114.74M79.53M103.69M97.14M
EBITDA146.96M146.96M61.60M35.56M55.03M53.45M
Net Income103.39M103.39M58.47M36.55M70.14M52.32M
Balance Sheet
Total Assets1.09B1.09B1.08B1.09B1.05B1.01B
Cash, Cash Equivalents and Short-Term Investments14.54M14.54M47.31M23.76M38.79M55.38M
Total Debt218.63M218.63M335.72M350.18M316.03M304.34M
Total Liabilities415.43M415.43M461.58M499.09M464.47M450.86M
Stockholders Equity650.82M650.82M599.62M574.26M567.50M541.46M
Cash Flow
Free Cash Flow98.77M98.77M106.32M-31.20M36.17M45.03M
Operating Cash Flow99.27M99.27M107.13M-28.87M37.07M46.20M
Investing Cash Flow-71.00K-71.00K2.82M-1.28M1.45M-15.92M
Financing Cash Flow-131.97M-131.97M-86.39M15.12M-55.10M-39.02M

Peet Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price1.40

Price Trends

50DMA1.63Negative
100DMA1.66Negative
200DMA1.72Negative

Market Momentum

MACD-0.06Positive
RSI37.78Neutral
STOCH23.87Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPC, the sentiment is Negative. The current price of 1.40 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.63, and below the 200-day MA of 1.72, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.78 is Neutral, neither overbought nor oversold. The STOCH value of 23.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PPC.

Peet Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:PPC against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:SGPAU:SGP76OutperformAUD 10.44B10.499.44%5.86%14.63%18.93%
AU:CWPAU:CWP75OutperformAUD 524.85M7.8712.22%6.35%7.87%33.77%
AU:MGRAU:MGR74OutperformAUD 7.24B10.867.30%5.08%6.20%897.67%
AU:PPCAU:PPC70OutperformAUD 668.17M6.4516.17%9.13%1.05%77.00%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
AU:FRIAU:FRI65NeutralAUD 193.21M9.537.92%7.75%-29.40%40.91%
AU:LLCAU:LLC39UnderperformAUD 1.57B-2.08-14.46%6.88%-30.04%-432.70%

* Real Estate Sector Average

Performance Comparison

-40%-20%0%AU:PPCAU:FRIAU:LLCAU:MGRAU:SGPAU:CWPDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:PPC and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:PPCPeet Limited1.40-0.39-21.57%
AU:FRIFinbar Group Limited0.71-0.08-10.35%
AU:LLCLendlease Group2.36-2.87-54.88%
AU:MGRMirvac Group1.87-0.28-12.98%
AU:SGPStockland4.29-1.58-26.85%
AU:CWPCedar Woods Properties Limited6.13-2.15-25.99%

Peet Limited Corporate Events

Peet Wins AGM Extension as Ingenia Takeover Advances

Oct 19, 2026

Peet Limited, an ASX-listed residential property and real estate developer, is a prominent participant in Australia’s housing and land development market. Its operations centre on creating and managing residential communities, and the company i...

Peet Advances Ingenia Takeover With Lodgement of Scheme Booklet

Oct 11, 2026

Peet Limited has lodged a draft scheme booklet, including an independent expert’s report, with the Australian Securities and Investments Commission as part of its proposed scheme of arrangement with Ingenia Communities Group. This filing marks...

Peet Reaffirms Ingenia Takeover Scheme as Warburg Pincus Circles

Sep 28, 2026

Peet Limited has confirmed that its Scheme Implementation Deed with Ingenia Communities Group remains in full effect despite Ingenia receiving a further revised non-binding indicative proposal from Warburg Pincus. The proposed acquisition of Peet by...

Peet Issues New Performance Rights Under Employee Incentive Scheme

Sep 21, 2026

Peet Limited has notified the ASX of the issue of 753,954 unquoted performance rights under its employee incentive scheme. These securities, identified under the PPCAQ code, were issued on 18 September 2026 and are not intended to be quoted on the ex...

JPMorgan Ceases Substantial Holder Status in Peet Limited

Sep 8, 2026

Peet Limited has disclosed that JPMorgan Chase & Co. and its affiliated entities have ceased to be a substantial holder in the company. The change follows a series of transactions involving purchases, sales, securities lending and rehypothecation...

UBS Exits Substantial Shareholding Position in Peet Limited

Sep 4, 2026

Peet Limited, a major Australian residential land and housing developer, operates masterplanned communities and large-scale estates aimed at homebuyers and investors. Its business model relies on ongoing access to capital and strong relationships wit...

Peet seeks ASX quotation for shares issued under employee incentive plan

Sep 3, 2026

Peet Limited has applied to the ASX for quotation of 2,386,568 new fully paid ordinary shares, issued on 28 August 2026 to the company’s Employee Share Trust. The issue follows the exercise of 2,687,212 performance rights, with ASX confirming t...

Peet Limited Converts Unquoted Securities Into Ordinary Shares

Aug 31, 2026

Peet Limited has notified the market of the issue of 2,687,212 ordinary fully paid shares following the conversion or exercise of previously unquoted options or other convertible securities. The new shares, dated 22 December 2023, increase the compan...

Peet Limited Plans New Share Placement to Raise Equity Capital

Aug 28, 2026

Peet Limited has notified the ASX of a proposed issue of up to 2,386,568 ordinary fully paid shares, to be conducted via a placement or similar type of security issue, with the proposed issue date set for 28 August 2026. The move signals the company&...

Ingenia Moves to Acquire Peet, Building a Larger Australian Living Platform

Aug 26, 2026

Ingenia Communities Group has announced a proposed acquisition of all issued shares in Peet Limited via a court-approved scheme of arrangement. The deal also includes the establishment of a joint venture over the Flagstone City project, signalling a...

Peet and Ingenia Plan Merger to Build Leading Australian Living Platform

Aug 26, 2026

Peet Limited is a major Australian property developer that focuses on creating and managing residential living communities nationwide. Ingenia Communities Group is also active in the living sector, with a portfolio centered on community-style residen...

Peet backs Ingenia takeover in deal to form ASX living sector giant

Aug 26, 2026

Peet Limited has agreed to be acquired by Ingenia Communities Group through a scheme of arrangement that values Peet shares at up to $2.185 each, including cash, Ingenia stapled securities and a declared dividend. The deal, which follows Peet’s...

Peet Limited Details Compliance With ASX Corporate Governance Standards

Aug 25, 2026

Peet Limited has lodged its corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as at 25 August 2026 and approved by the board. The statement is published on the company’s website an...

Peet Limited posts record FY26 profit and boosts dividends on strong housing demand

Aug 25, 2026

Peet Limited reported record financial performance for the year to 30 June 2026, with net operating profit rising 77% to $103.4 million and operating earnings per share up 77% to 22.1 cents. Revenue grew modestly to $450.2 million, but EBITDA climbed...

Peet Limited Profit Jumps 77% as Dividends and Asset Backing Rise

Aug 25, 2026

Peet Limited reported a modest 1% increase in revenue to $419.1 million for the year ended 30 June 2026, but delivered a sharp improvement in profitability, with net profit after tax surging 77% to $103.4 million. Basic and diluted earnings per share...

Peet Limited Seeks Trading Halt Amid Corporate Transaction Speculation

Aug 24, 2026

Trading in Peet Limited shares has been halted on the ASX at the company’s request, pending an announcement related to media speculation about a potential corporate transaction involving the property developer. The halt is intended to prevent t...

Peet sets date and webcast details for FY26 full-year results

Aug 14, 2026

Peet Limited has scheduled the release of its full-year results for the period ended 30 June 2026, with a webcast briefing to be held on Tuesday, 25 August 2026. The session, to be hosted by Chief Executive Officer Brett Fullarton, will allow investo...

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: Oct 21, 2026