Platinum Asset Management Ltd
PTM: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.00 | Rfxfj | Kpsgvzkr |
Revision of Platinum’s Expected Returns Prompts a Minor Upgrade in FVE; Shares Fairly Valued
We marginally increase our fair value estimate on narrow-moat Platinum Asset Management to AUD 3.75 from AUD 3.60 previously, after revising our normalised market return assumptions and incorporating the time value of money. The asset manager’s shares screen as fairly valued at current prices, offering a fiscal 2021 dividend yield of 5.7%.