Praemium Ltd (PPS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Praemium Ltd A$0.20, price A$0.56, upside -64.3%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range A$0.3323 – A$1.37 · fair‑value band A$0.1500 – A$0.2400 · the A$0.5600 price screens above the A$0.2000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Praemium Limited, together with its subsidiaries, provides advisors and wealth management solutions in Australia and internationally. It offers products, such as Sprectrum, SMA, Super, Scope, and Scope+ solutions.
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Praemium Limited, together with its subsidiaries, provides advisors and wealth management solutions in Australia and internationally. It offers products, such as Sprectrum, SMA, Super, Scope, and Scope+ solutions. In addition, the company provides platforms, which includes reporting, digital experience, data integration, customizations, tax optimization, and alternative assets. The company was incorporated in 2001 and is based in Melbourne, Australia.
Stock analysis
Praemium Ltd (PPS) currently trades at A$0.5600, while our model-based Fair Value estimate is A$0.2000, implying the stock looks roughly 180.0% overvalued today.
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Valuation
How firm this estimate is: it rests on 21 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.1500 (bear) to A$0.2400 (bull), the price of A$0.5600 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Praemium Ltd reported revenue of A$1.7M in FY2025 versus A$52.9M in FY2021, a compound −57.7%/yr. Reported net income was A$13.6M in FY2025, compounding +72.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap A$346M (≈ $244M) · P/E ratio 14.0 · EPS (TTM) A$0.0400 · Dividend yield 4.5% · Net margin 16.2% · Return on equity 15.7% · Return on assets (EBIT) 8.8% · Operating margin 22.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −64%, PPS screens richer than that median.
Fair Value models
Bear A$0.1500Fair Value A$0.2000Bull A$0.2400
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0150 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+39.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.3%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35% vs 31%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 985%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +11.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 458 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−65% · Bottom 25%
Profitability
Return on equity (TTM)16% · Above median
Return on assets11% · Top 25%
Net margin (TTM)16% · Below median
Operating margin (TTM)22% · Below median
Growth and dividend
Revenue growth11% · Below median
Dividend yield (TTM)4.5% · Top 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (TTM)14.0× · Cheaper than median
P/B2.18× · Pricier than median
P/S (TTM)2.24× · Cheaper than median
P/FCF23.9× · Priciest 25%
EV/EBITDA7.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)56· sector 85
PAST (return on equity)63· sector 30
HEALTH (low debt)100· sector 94
DIVIDEND (yield)89· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Praemium Ltd Fair Value". https://www.fairvalue-calculator.com/stock/PPS
Frequently asked questions
Is Praemium Ltd (PPS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$0.2000 versus a price of A$0.5600, about −64% upside (overvalued).
What is the fair value of PPS?
Our model-based fair value for Praemium Ltd is A$0.2000 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$0.5600.
What is the quality score of PPS?
Praemium Ltd has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Praemium Ltd (PPS)?
Our model-based price target is the fair value of A$0.2000 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario A$0.1500, optimistic scenario A$0.2400. It is a calculation from audited fundamentals, not an analyst target.
What is the Praemium Ltd stock forecast for 2026?
Our models put fair value at A$0.2000, about −64% upside versus a price of A$0.5600 (overvalued). Cautious scenario A$0.1500, optimistic scenario A$0.2400. The calculation is refreshed regularly with new filings.
Does Praemium Ltd pay a dividend?
Praemium Ltd currently shows a dividend yield of about 4.46% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Praemium Ltd (PPS)?
For today's price to be fair in a discounted-cash-flow model, Praemium Ltd would have to grow free cash flow by +15.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -49.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PPS use?
Our models discount Praemium Ltd at 11.0 %: a base by market capitalisation (micro), damped by beta 0.48, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Praemium Ltd that is +15.0 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Praemium Ltd (PPS) delivered so far?
Over the past 5 years revenue at Praemium Ltd grew -49.2 % a year. The price currently implies +15.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Praemium Ltd (PPS) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Praemium Ltd (+15.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Praemium Ltd (PPS)?
The free-cash-flow yield on the price is 3.80 %: that much free cash flow Praemium Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Praemium Ltd (PPS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Praemium Ltd it is A$0.2000 per share (as of Sep 24, 2026), against a price of A$0.5600. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Praemium Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PPS trades above its calculated fair value: price A$0.5600, fair value A$0.2000, a gap of about −64% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PPS?
No. The price is what the market pays today (A$0.5600); the fair value is what the company's own numbers justify (A$0.2000). For Praemium Ltd the two are A$0.3600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Praemium Ltd worth?
The market values Praemium Ltd at about A$346M (market capitalisation, as of Sep 24, 2026). Per share that is A$0.5600; our models calculate a fair value of A$0.2000 per share.
What do the bullish and bearish scenarios say about PPS?
Our models span a range for Praemium Ltd: cautious scenario A$0.1500, base A$0.2000, optimistic A$0.2400 per share (as of Sep 24, 2026, price A$0.5600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PPS?
Praemium Ltd trades at a price-to-earnings ratio of 14.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.2000 is built from several models across several years. Other multiples: P/B 2.2, P/S 2.2, EV/EBITDA 7.3.
How solid is the balance sheet of Praemium Ltd (PPS)?
Balance-sheet figures for Praemium Ltd (as of Sep 24, 2026): return on equity 15.7%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is PPS from its 52-week high?
Praemium Ltd trades at A$0.5600, about 39% below its 52-week high of A$0.9193 and at the low of A$0.5600 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.2000 is for.
Which stocks are comparable to Praemium Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Praemium Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$0.5600, calculated fair value A$0.2000 (−64%), Quality Score 74/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PPS calculated?
We run Praemium Ltd through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.2000, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Praemium Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Praemium Ltd (PPS)?
The closing price on Sep 24, 2026 was A$0.5600. Our model-based fair value is A$0.2000, about −64% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Praemium Ltd right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (A$0.2400). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Praemium Ltd
How large is the market capitalisation of Praemium Ltd (PPS)?
The market capitalisation of Praemium Ltd is A$346M (≈ $244M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Praemium Ltd (PPS)?
Earnings per share at Praemium Ltd are A$0.0400 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Praemium Ltd (PPS)?
The dividend yield of Praemium Ltd is 4.5% (payout 62.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Praemium Ltd (PPS)?
The net margin of Praemium Ltd is 16.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Praemium Ltd (PPS)?
The return on equity (ROE) of Praemium Ltd is 15.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Praemium Ltd (PPS)?
On an EBIT basis the return on assets of Praemium Ltd is 8.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Praemium Ltd (PPS)?
The operating margin of Praemium Ltd is 22.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Praemium Ltd (PPS)?
Revenue at Praemium Ltd is growing +11.2% versus a year earlier (3y avg −70.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Praemium Ltd (PPS)?
Earnings per share at Praemium Ltd are growing +75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Praemium Ltd (PPS) hold?
Praemium Ltd holds more cash than debt, A$39.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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