Perpetual Limited (PPT) AI Stock Analysis

• Market Cap: €2.18B
• Dividend Yield: 6.02%
• Average Volume (3M): 275.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: 2.87%
• EPS Growth: 87.93%
• Country: AU
• Employees: 1,852
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.92
• Shares Outstanding: 114,691,850
• 10 Day Avg. Volume: 260,627
• 30 Day Avg. Volume: 275,066
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €22.12
• Price Target Upside: 15.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 49 Neutral
• Price Target: AU$19.50 ▲(2.09% Upside)

Perpetual Limited's overall stock score is primarily impacted by its financial performance, which shows significant challenges with declining revenues and increased leverage. Technical analysis indicates bearish trends, further weighing down the score. The valuation is mixed, with a negative P/E ratio but a high dividend yield. These factors combined result in a below-average stock score.

Perpetual Limited Business Overview & Revenue Model

Company Description

Perpetual Limited is a publicly owned investment manager. The firm offers a range of financial products and services in Australia. The company provides funds management, portfolio management, financial planning, trustee, responsible entity and compliance services, executor services, investment administration and custody services, and mortgage processing services. It offers investment capabilities across a range of asset classes, including Australian and global equities, mortgages, cash and fixed interest, and Australian listed property. The company also provides specialist direct-to-client financial services for high net worth individuals that include fiduciary services, such as trust advice and services, custodial solutions, estate planning, estate administration, and executorial services; independent financial advice services with specialist and 'do-it-yourself' superannuation offerings; and philanthropic services. In addition, it offers corporate trustee and transaction support services, including trustee services for mortgage backed and other securitization programs for major banks and non-bank financial institutions; mortgage services, including mortgage preparations, variations and discharges; post settlement servicing; regulatory compliance services for fund managers; custody, unit registry, and accounting services for property and mortgage funds; and trusteeships for corporate debt issues and infrastructure projects. The company was founded in 1886 and is based in Sydney, Australia with additional offices in Adelaide, Brisbane, Canberra, Melbourne and Perth.

How the Company Makes Money

Perpetual Limited makes money through various revenue streams across its three core sectors. In the Perpetual Investments sector, the company earns revenue primarily through management fees charged on the assets it manages for its clients, including mutual funds, superannuation funds, and institutional mandates. The Perpetual Private sector generates income by providing tailored financial advice and wealth management services to high-net-worth individuals, earning fees from advisory services and investment management. Perpetual Corporate Trust earns revenue by offering trustee and fiduciary services, as well as fund administration services, to corporate clients and financial institutions. The company benefits from strategic partnerships and a strong reputation in the financial services industry, which contribute to its ability to attract and retain a diverse client base.

Perpetual Limited Financial Statement Overview

Summary

Perpetual Limited demonstrates strong revenue growth and cash flow generation, with stable operational efficiency. However, the net income loss in 2024 and increased leverage present challenges to profitability and financial stability.

Income Statement

Perpetual Limited showed significant revenue growth over the years, with a notable increase from 2023 to 2024. However, the company faced a net income loss in 2024, impacting its net profit margin negatively. EBIT and EBITDA margins remained relatively stable, indicating operational efficiency despite the bottom-line challenges.

Balance Sheet

The balance sheet reflects a strong equity position with a stable equity ratio, though the debt-to-equity ratio increased slightly, indicating growing leverage. Return on equity was impacted by the net loss in 2024, reducing overall profitability metrics.

Cash Flow

Cash flow performance is robust with consistent operating cash flow generation. Free cash flow saw significant growth from 2023 to 2024, signaling strong cash management. The ratios of operating and free cash flow to net income were impacted by the net loss but still reflect positive cash flow relative to operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.38B	23.10M	1.30B	995.60M	773.50M	623.30M
Gross Profit	539.10M	-47.90M	1.14B	878.80M	711.40M	310.10M
EBITDA	240.00M	140.30M	281.60M	217.10M	199.20M	162.71M
Net Income	-494.70M	-58.20M	-472.20M	59.00M	101.20M	74.87M
Balance Sheet
Total Assets	3.63B	3.42B	3.40B	3.94B	1.75B	1.62B
Cash, Cash Equivalents and Short-Term Investments	271.30M	343.20M	221.30M	427.10M	361.70M	311.00M
Total Debt	990.60M	1.13B	833.70M	825.30M	330.70M	249.20M
Total Liabilities	1.84B	1.77B	1.66B	1.57B	820.70M	709.80M
Stockholders Equity	1.79B	1.65B	1.74B	2.37B	925.80M	907.10M
Cash Flow
Free Cash Flow	210.00M	196.40M	264.60M	109.40M	155.80M	106.90M
Operating Cash Flow	234.50M	217.10M	296.40M	134.80M	170.80M	120.60M
Investing Cash Flow	-84.10M	17.40M	-97.90M	-244.00M	-69.20M	-478.90M
Financing Cash Flow	-86.20M	-129.20M	-229.30M	221.60M	-66.60M	344.10M

Perpetual Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 19.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PPT, the sentiment is Negative. The current price of 19.1 is below the 20-day moving average (MA) of 19.88, below the 50-day MA of 20.29, and above the 200-day MA of 18.99, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 8.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PPT.

Perpetual Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFG	74 Outperform	1.69B	10.66	16.45%	6.02%	-13.22%	-29.69%
CNI	65 Neutral	1.93B	23.27	5.58%	5.67%	38.64%	-21.14%
IFL	61 Neutral	3.01B	186.31	0.00%	―	-15.63%	0.00%
EQT	59 Neutral	711.72M	22.03	8.23%	4.18%	4.26%	79.41%
AMP	55 Neutral	4.31B	23.81	4.11%	1.76%	-15.63%	179.69%
PPT	49 Neutral	€2.18B	―	-3.34%	6.02%	2.87%	87.93%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Perpetual Limited Corporate Events

Macquarie Group Ceases Substantial Holding in Perpetual Limited

Macquarie Group Limited has announced that it has ceased to be a substantial holder in Perpetual Limited. This change in substantial holding could impact Macquarie’s influence over Perpetual Limited’s voting securities and may have implications for the company’s strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.85 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

Perpetual Limited Announces Cessation of Performance Rights

Perpetual Limited announced the cessation of 84,425 performance rights securities, effective September 1, 2025. This move may impact the company’s capital structure and reflects its ongoing management of equity-based compensation, potentially influencing stakeholder perceptions and market positioning.

The most recent analyst rating on (AU:PPT) stock is a Hold with a A$20.50 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

Macquarie Group Ceases Substantial Holding in Perpetual Limited

Perpetual Limited has announced that Macquarie Group Limited and its controlled bodies corporate have ceased to be substantial holders in the company. This change in substantial holding reflects a shift in Macquarie Group’s voting securities and associations, potentially impacting Perpetual Limited’s shareholder structure and market dynamics.

The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.50 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

Perpetual Limited Releases FY25 Financial Results and Governance Statement

Perpetual Limited announced its FY25 financial results, including statutory accounts and a corporate governance statement. The results highlight the company’s adherence to ASX listing rules and corporate governance standards, reflecting its commitment to transparency and accountability. This announcement is significant for stakeholders as it underscores Perpetual’s operational performance and governance practices, which are crucial for maintaining investor confidence and market positioning.

The most recent analyst rating on (AU:PPT) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.

Perpetual Limited Announces FY25 Financial Results

Perpetual Limited has released its financial results for the fiscal year 2025, which include several key documents such as the FY25 Appendix 4E, Full Year Statutory Accounts, and Results Presentation. These results are crucial for understanding the company’s operational and financial performance over the past year, providing insights into its market positioning and future strategic directions.

The most recent analyst rating on (AU:PPT) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.