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Peet Limited
(Sydney:PPC)
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Rating:71Outperform
Price Target:
AU$2.00
â–²(5.26% Upside)
Action:Reiterated
Date:09/08/26
The score is driven primarily by strengthened FY2026 profitability and improved leverage, supported by attractive valuation (low P/E and high dividend yield). These positives are tempered by revenue decline and cash-flow volatility, and a mixed technical backdrop with the price below several key moving averages.
Positive Factors
Profitability expansion
The sharp FY2026 improvement in earnings and margin shows stronger profit conversion from the development portfolio. If maintained across project cycles, higher margins can support reinvestment, strengthen resilience against cost pressure, and improve the company’s ability to compound earnings.
Negative Factors
Revenue contraction
The revenue decline indicates that strong FY2026 profitability was not accompanied by top-line expansion. For a residential developer, weaker volumes or settlement timing can reduce future earnings visibility and make sustained margin performance harder to maintain as projects progress through different stages.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability expansion
The sharp FY2026 improvement in earnings and margin shows stronger profit conversion from the development portfolio. If maintained across project cycles, higher margins can support reinvestment, strengthen resilience against cost pressure, and improve the company’s ability to compound earnings.
Read all positive factors
Peet Limited (PPC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$790.52M
Dividend Yield7.71%
Average Volume (3M)2.12M
Price to Earnings (P/E)7.7
Beta (1Y)0.91
Revenue Growth1.05%
EPS Growth77.00%
CountryAU
Employees154
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.22
Shares Outstanding470,545,530
10 Day Avg. Volume3,116,594
30 Day Avg. Volume2,124,819
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.27
Price to Sales (P/S)1.98
P/FCF Ratio8.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.22
Revenue Forecast (FY)AU$493.40M
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...
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 d...
Peet Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 419.13M | 414.79M | 292.58M | 318.91M | 266.61M |
| Gross Profit | 162.36M | 114.74M | 79.53M | 103.69M | 97.14M |
| EBITDA | 146.96M | 60.51M | 35.56M | 55.03M | 53.45M |
| Net Income | 103.39M | 58.47M | 36.55M | 70.14M | 52.32M |
Balance Sheet | |||||
| Total Assets | 1.09B | 1.08B | 1.09B | 1.05B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 14.54M | 47.31M | 23.76M | 38.79M | 55.38M |
| Total Debt | 218.63M | 335.72M | 350.18M | 316.03M | 304.34M |
| Total Liabilities | 415.43M | 461.58M | 499.09M | 464.47M | 450.86M |
| Stockholders Equity | 650.82M | 599.62M | 574.26M | 567.50M | 541.46M |
Cash Flow | |||||
| Free Cash Flow | 98.77M | 106.32M | -31.20M | 36.17M | 45.03M |
| Operating Cash Flow | 99.27M | 107.13M | -28.87M | 37.07M | 46.20M |
| Investing Cash Flow | -71.00K | 2.82M | -1.28M | 1.45M | -15.92M |
| Financing Cash Flow | -131.97M | -86.39M | 15.12M | -55.10M | -39.02M |
Peet Limited Technical Analysis
Negative
1.90
Price Trends
1.73
Negative
1.68
Positive
1.77
Negative
Market Momentum
-0.01
Positive
42.55
Neutral
19.79
Positive
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 1.9 is above the 20-day moving average (MA) of 1.77, above the 50-day MA of 1.73, and above the 200-day MA of 1.77, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 19.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PPC.
Peet Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$9.93B | 10.12 | 9.44% | 5.99% | 14.63% | 18.93% | |
74 Outperform | AU$6.92B | 10.44 | 7.30% | 5.28% | 6.20% | 897.67% | |
72 Outperform | AU$190.49M | 9.40 | 7.92% | 7.86% | -29.40% | 40.91% | |
71 Outperform | AU$790.52M | 7.68 | 16.17% | 7.71% | 1.05% | 77.00% | |
71 Outperform | AU$555.62M | 8.37 | 12.22% | 5.10% | 7.87% | 33.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
45 Neutral | AU$1.92B | -2.49 | -14.46% | 5.69% | -30.04% | -432.70% |
* Real Estate Sector Average
AU:PPC
Peet Limited
1.68
0.08
4.80%
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0.70
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1.80
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-20.68%
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AU:CWP
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-0.60
-8.37%
Peet Limited Corporate Events
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 ...
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 confirmin...
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 com...
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 compa...
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...
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 resi...
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 Peet̵...
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...
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 clim...
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 sh...
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 preven...
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 inve...
Peet Confirms Strategic Talks With Ingenia Amid Ongoing Business Review
Jul 10, 2026
Peet Limited has acknowledged recent media reports and confirmed it is in talks with Ingenia Communities Group regarding potential corporate opportunities, without disclosing specific transaction terms or outcomes. The discussions arise as Peet co...
Ingenia Confirms Strategic Talks With Peet and Capital Partners
Jul 10, 2026
Ingenia Communities Group, an ASX-listed operator and developer of affordable rental, lifestyle and holiday communities for Australia’s seniors, runs 102 communities and development sites under brands including Ingenia Lifestyle, Ingenia Gar...
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.