PINNACLE INVESTMENT

PNI
End-of-day quote. End-of-day quote  - 12/03
15.82AUD +1.67%
Valuation
Fiscal Period: June 2021 2022
Capitalization1 2 1292 957
Entreprise Value (EV)1 2 1322 943
P/E ratio 32,8x37,3x
Yield 2,40%2,19%
Capitalization / Revenue 65,5x80,6x
EV / Revenue 65,6x80,2x
EV / EBITDA 31,1x35,1x
Price to Book 8,76x8,62x
Nbr of stocks (in thousands) 177 823186 946
Reference price (AUD) 12,015,8
Announcement Date 08/04/2021-
Previous period Next period
1 AUD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: June 2021 2022
Net sales1 32,536,7
EBITDA1 68,583,9
Operating profit (EBIT)1 67,684,2
Operating Margin 208%230%
Pre-Tax Profit (EBT)1 67,082,3
Net income1 67,082,9
Net margin 206%226%
EPS2 0,370,42
Dividend per Share2 0,290,35
Announcement Date 08/04/2021-
Previous period Next period
1 AUD in Million
2 AUD
Finances - Leverage
Fiscal Period: June 2021 2022
Net Debt1 3,89-
Net Cash position1 -14,3
Leverage (Debt / EBITDA) 0,06x-0,17x
Free Cash Flow1 32,943,2
ROE (Net Profit / Equities) 31,0%27,9%
Shareholders' equity1 216297
ROA (Net Profit / Asset) 22,2%17,9%
Assets1 302462
Book Value Per Share2 1,371,84
Cash Flow per Share2 0,180,40
Capex1 0,060,10
Capex / Sales 0,17%0,28%
Announcement Date 08/04/2021-
Previous period Next period
1 AUD in Million
2 AUD
Financial Ratios
Size 2022e 2023e
Capitalization 2 957 M AUD -
Entreprise Value (EV) 2 943 M AUD 2 926 M AUD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 37,3x 30,3x
Capitalization / Revenue 80,6x 69,2x
EV / Revenue 80,2x 68,8x
EV / EBITDA 35,1x 28,1x
Yield (DPS / Price) 2,19% 2,72%
Price to book (Price / BVPS) 8,62x 8,15x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 230% 248%
Operating Leverage (Delta EBIT / Delta Sales) 1,92x 1,55x
Net Margin (Net Profit / Revenue) 226% 244%
ROA (Net Profit / Asset) 17,9% 19,5%
ROE (Net Profit / Equities) 27,9% 31,5%
Rate of Dividend 81,7% 82,2%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   0,28% 0,26%
Cash Flow / Sales 203% 209%
Capital Intensity (Assets / Sales) 12,6x 12,6x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend