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Praemium Ltd
(Sydney:PPS)
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Rating:64Neutral
Price Target:
AU$0.64
â–¼(-10.83% Downside)
Action:Reiterated
Date:10/03/26
The score is driven primarily by solid financial stability (low leverage and good balance-sheet support) and generally positive profitability, tempered by inconsistent cash flow and earnings variability. Technicals are neutral-to-weak with negative MACD and price below key longer-term moving averages. Valuation is a headwind due to the high P/E, only partly offset by the dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and substantial equity support reduce financial risk and preserve flexibility for investment, dividends, or resilience during weaker operating periods. The company is generating profits without meaningful balance-sheet pressure, supporting durability over the next several quarters.
Negative Factors
Uneven revenue and net profit history
Although revenue recovered in 2026, the sharp prior-year decline and unusually extreme margins reduce confidence in the consistency of reported earnings. Uneven results make future performance harder to underwrite and may limit the reliability of near-term growth expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and substantial equity support reduce financial risk and preserve flexibility for investment, dividends, or resilience during weaker operating periods. The company is generating profits without meaningful balance-sheet pressure, supporting durability over the next several quarters.
Read all positive factors
Praemium Ltd (PPS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$292.48M
Dividend Yield4.17%
Average Volume (3M)1.46M
Price to Earnings (P/E)43.5
Beta (1Y)1.78
Revenue Growth7.20%
EPS Growth-51.06%
CountryAU
Employees360
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.01
Shares Outstanding487,472,440
10 Day Avg. Volume988,216
30 Day Avg. Volume1,464,131
Financial Highlights & Ratios
PEG Ratio-0.96
Price to Book (P/B)2.97
Price to Sales (P/S)2.95
P/FCF Ratio26.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.09Price Target Upside51.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.05
Revenue Forecast (FY)AU$118.22M
Praemium Ltd Business Overview & Revenue Model
Company Description
Praemium Limited, an Australian firm founded in Melbourne in 2001, operates internationally, delivering a comprehensive suite of financial technology and services. The company provides integrated solutions to financial professionals, most notably ...
How the Company Makes Money
Praemium primarily makes money by charging fees associated with administering client assets and providing access to its investment platform and related services. Key revenue streams typically include: (1) platform and administration fees, generall...
Praemium Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 110.46M | 1.70M | 82.73M | 74.29M | 63.34M |
| Gross Profit | 25.36M | 1.60M | 34.14M | 24.70M | 18.14M |
| EBITDA | 30.02M | 23.93M | 17.41M | 20.69M | 14.32M |
| Net Income | 6.54M | 13.56M | 8.75M | 15.15M | 43.57M |
Balance Sheet | |||||
| Total Assets | 138.32M | 135.63M | 134.58M | 129.50M | 156.91M |
| Cash, Cash Equivalents and Short-Term Investments | 30.10M | 40.97M | 44.34M | 46.25M | 80.55M |
| Total Debt | 3.39M | 1.46M | 1.96M | 2.18M | 11.40M |
| Total Liabilities | 28.77M | 23.63M | 25.44M | 21.38M | 54.57M |
| Stockholders Equity | 109.55M | 112.00M | 109.15M | 108.12M | 102.34M |
Cash Flow | |||||
| Free Cash Flow | 12.49M | 10.20M | 8.69M | 15.22M | 2.97M |
| Operating Cash Flow | 14.82M | 20.54M | 17.04M | 23.36M | 9.63M |
| Investing Cash Flow | -12.69M | -10.91M | -8.47M | -8.40M | 49.74M |
| Financing Cash Flow | -12.97M | -12.92M | -10.48M | -48.89M | -5.77M |
Praemium Ltd Technical Analysis
Neutral
0.72
Price Trends
0.65
Negative
0.67
Negative
0.69
Negative
Market Momentum
-0.03
Negative
51.72
Neutral
51.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPS, the sentiment is Neutral. The current price of 0.72 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.65, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 51.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PPS.
Praemium Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$383.89M | 15.61 | 15.76% | 3.89% | 9.71% | 23.18% | |
69 Neutral | AU$23.13B | 26.25 | 27.34% | 3.00% | 0.11% | -2.37% | |
69 Neutral | AU$51.64M | 14.58 | 8.01% | ― | 21.42% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$292.48M | 43.48 | 5.79% | 4.17% | 7.20% | -51.06% | |
62 Neutral | AU$90.40B | 19.22 | 13.72% | 2.85% | 4.80% | 30.56% | |
60 Neutral | AU$4.23B | 68.54 | 38.95% | 2.44% | 21.01% | -48.10% |
* Financial Sector Average
AU:PPS
Praemium Ltd
0.60
-0.12
-16.43%
AU:CPU
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39.99
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245.63
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0.49
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AU:NWL
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Praemium Ltd Corporate Events
Praemium Director Barry Lewin Steps Down but Retains Indirect Shareholding
Sep 22, 2026
Praemium Limited has announced that Barry Lewin has ceased to be a director of the company as of 22 September 2026, with this notice lodged under ASX listing rule 3.19A.3. While Lewin does not directly hold Praemium securities, he retains an indir...
Praemium Brings Forward Chair Transition as Barry Lewin Steps Down
Sep 22, 2026
Praemium Limited has announced an accelerated transition in its board leadership, with long-serving Chair Barry Lewin stepping down effective 22 September 2026. He will be succeeded by Matthew Quinn, as previously flagged, marking a planned but br...
Praemium Director Matthew Quinn Increases Indirect Shareholding
Sep 10, 2026
Praemium Limited has disclosed a change in director Matthew Quinn’s indirect interests, reflecting an increase in his shareholding through Super Quinn Pty Ltd investment vehicles. The trade, executed on-market on 9 September 2026 at an avera...
Praemium Sets Hybrid Format for 2026 Annual General Meeting
Sep 10, 2026
Praemium Limited has released the formal documentation for its 2026 Annual General Meeting, which will be held as a hybrid event at 10:30am AEDT on Wednesday, 14 October 2026. The company has circulated the notice of meeting, proxy form, sharehold...
Praemium Director Justin Lipton Acquires First Stake in Company
Sep 4, 2026
Praemium Limited has disclosed a change in director Justin Lipton’s interests, reporting the on‑market purchase of 50,000 ordinary shares on 31 August 2026 at a price of $0.667 per share. The acquisition marks Lipton’s first hold...
Praemium Director Katrina Efthim Acquires 30,000 Shares via Superannuation Fund
Sep 1, 2026
Praemium Limited has disclosed a change in director Katrina Efthim’s relevant interests in the company’s securities, in line with ASX listing rule requirements. The notice reports that Efthim, via Bertie Holdings Pty Ltd as trustee for...
Praemium director Daniel Lipshut exits board but retains indirect shareholding
Aug 30, 2026
Praemium Limited has announced that director Daniel Lipshut ceased to be a board member effective 31 August 2026, marking his formal departure from the company’s governance structure. The filing notes that Lipshut holds no Praemium securitie...
Praemium Restructures Technotia Leadership as CEO Daniel Lipshut Departs
Aug 30, 2026
Praemium Limited has announced that Daniel Lipshut will step down as Chief Executive Officer of its Technotia Division, effective 28 February 2027, and has resigned from the Praemium board with immediate effect. The Technotia Division will now rep...
Praemium Declares AUD 0.0125 Dividend for FY2026
Aug 30, 2026
Praemium Limited, an ASX-listed investment platform and administration provider under ticker PPS, offers technology-driven services to financial advisers and investors in the Australian wealth management market. Its ordinary fully paid shares form...
Praemium delays FY2026 results release amid added accounting complexity
Aug 20, 2026
Praemium Ltd has postponed the release of its FY2026 annual results to 31 August 2026, shifting the date from the previously scheduled 24 August due to increased technical accounting complexity, including issues related to its acquisition of Techn...
Praemium Sets Hybrid AGM and Director Nomination Timetable for 2026
Aug 18, 2026
Praemium Limited has scheduled its 2026 Annual General Meeting for 10:30 a.m. AEDT on Wednesday, 14 October 2026 in Melbourne and plans to run the event as a hybrid meeting. Shareholders will be able to attend in person or online, with technology ...
Praemium lifts FUA 21% as tech overhaul and Scope+ growth sharpen wealth platform push
Jul 21, 2026
Praemium reported strong growth for FY26, with total Funds Under Administration rising 21.1% year-on-year to $77.9 billion and platform FUA up 10.8% to $34.0 billion, driven by annual net platform flows of $1.9 billion and positive market movement...
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.