In This Article:
Platinum Investment Management (ASX:PTM) Full Year 2024 Results
Key Financial Results
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Revenue: AU$185.4m (down 15% from FY 2023).
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Net income: AU$45.0m (down 44% from FY 2023).
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Profit margin: 24% (down from 37% in FY 2023). The decrease in margin was primarily driven by lower revenue.
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EPS: AU$0.079 (down from AU$0.14 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Platinum Investment Management EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
The primary driver behind last 12 months revenue was the Funds Management segment contributing a total revenue of AU$178.6m (96% of total revenue). The most substantial expense, totaling AU$36.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how PTM's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 4.4%.
Performance of the Australian Capital Markets industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Platinum Investment Management that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.