Added to YB: 2026-10-15
Pitch date: 2026-10-12
PPS.AX [bullish]
Praemium Limited
-4%
current return
Author Info
Trade Ideas Flow is an Ex-Equity PM & Quant (10y+ buy-side) curating the Open-Web Hedge Fund. Reading 100s of pitches weekly to find the signal. Sign up for the newsletter.
Company Info
Praemium Limited, together with its subsidiaries, provides advisors and wealth management solutions in Australia.
Market Cap
AUD 304.7M
Pitch Price
AUD 0.63
Price Target
1.40 (+135%)
Dividend
4.00%
EV/EBITDA
12.05
P/E
48.08
EV/Sales
2.52
Sector
Software
Category
special_situation
Praemium (PPS.AX) - Revenue doubled since Netwealth bid A$1.50 a share
PPS.AX (hold): Praemium trades around A$0.62 at an estimated 7x operating profit, while a sale could fetch A$1.00-A$1.40; revenue and EBITDA have doubled since Netwealth’s A$1.50-a-share 2021 bid. Board turnover and the CEO’s departure increase strategic optionality, but no review has been announced, strategy is unchanged, and the valuation range depends on a buyer emerging; a permanent CEO appointment without a review would weaken the case.
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