Pendal Group (PDL.AX) Stock Price

Pendal Group Price

Delisted·Jan 12, 2023
5.23AUD
Last traded price

Over the last 16 years Pendal Group grew revenue by 10.5% annually, reaching 608.20 M AUD. Earnings per share have grown at 3.3% per year over the last 16 years. For Pendal Group, the net margin of 18.5% is down versus 34.4% a few years ago. At today's price the dividend yield works out to roughly 4.19%. The payout ratio is around 71% of earnings. The dividend has grown at 4.0% per year over the past 14 years.

Pendal Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Pendal Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Pendal Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Pendal Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Pendal Group Stock Price History
DatePendal Group Price
Access this data via the Eulerpool API

Pendal Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
514.30 M AUD
203.65 M AUD
154.48 M AUD
Jan 1, 2020
467.07 M AUD
154.22 M AUD
116.39 M AUD
Jan 1, 2021
625.73 M AUD
220.59 M AUD
164.70 M AUD
Jan 1, 2022
608.20 M AUD
166.83 M AUD
112.77 M AUD
Jan 1, 2023 (e)
508.76 M AUD
131.07 M AUD
103.82 M AUD
Jan 1, 2024 (e)
541.47 M AUD
146.11 M AUD
113.26 M AUD
Jan 1, 2025 (e)
577.77 M AUD
162.52 M AUD
125.93 M AUD
Jan 1, 2026 (e)
685.35 M AUD
234.87 M AUD
175.57 M AUD

Pendal Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 17, 2026, 3:42 AM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
NET INCOMEM AUD
NET INCOME GROWTH%
SHARESM
2011201220132014201520162017201820192020202120222023e2024e2025e2026e
128.00194.00262.00427.00443.00497.00496.00587.00514.00467.00625.00608.00508.00541.00577.00685.00
-2.2951.5635.0562.983.7512.19-0.2018.35-12.44-9.1433.83-2.72-16.456.506.6518.72
96.0995.8896.9597.8997.7497.9999.1998.8199.6199.1499.5299.5199.5199.5199.5199.51
123.00186.00254.00418.00433.00487.00492.00580.00512.00463.00622.00605.00505.49538.33574.15681.62
16.0021.0051.00121.00126.00142.00147.00201.00154.00116.00164.00112.00103.00113.00125.00175.00
-23.8131.25142.86137.254.1312.703.5236.73-23.38-24.6841.38-31.71-8.049.7110.6240.00
147.60250.80257.50261.90262.81264.04269.09297.62301.47301.26325.28363.72363.72363.72363.72363.72
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Pendal Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Pendal Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Pendal Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Pendal Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Pendal Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Pendal Group stock margins

The Pendal Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Pendal Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Pendal Group.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
98.86 %
45.09 %
34.39 %
Jan 1, 2019
99.56 %
39.60 %
30.04 %
Jan 1, 2020
99.27 %
33.02 %
24.92 %
Jan 1, 2021
99.51 %
35.25 %
26.32 %
Jan 1, 2022
99.59 %
27.43 %
18.54 %
Jan 1, 2023 (e)
99.59 %
25.76 %
20.41 %
Jan 1, 2024 (e)
99.59 %
26.98 %
20.92 %
Jan 1, 2025 (e)
99.59 %
28.13 %
21.80 %

Pendal Group Stock Revenue, EBIT, Earnings per Share

The Pendal Group earnings per share therefore indicates how much revenue Pendal Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
1.97 AUD
0.89 AUD
0.68 AUD
Jan 1, 2019
1.71 AUD
0.68 AUD
0.51 AUD
Jan 1, 2020
1.55 AUD
0.51 AUD
0.39 AUD
Jan 1, 2021
1.92 AUD
0.68 AUD
0.51 AUD
Jan 1, 2022
1.67 AUD
0.46 AUD
0.31 AUD
Jan 1, 2023 (e)
1.42 AUD
0.36 AUD
0.29 AUD
Jan 1, 2024 (e)
1.51 AUD
0.40 AUD
0.32 AUD
Jan 1, 2025 (e)
1.61 AUD
0.45 AUD
0.35 AUD

Pendal Group business model & stock analysis

The Pendal Group Ltd is an Australian investment management company based in Sydney. The company, previously known as BT Investment Management Ltd, was founded in 1998 and has since become an international provider of asset management services. The business model of Pendal Group is based on managing assets on behalf of clients who want to diversify their investments in various ways. The company offers a variety of investment instruments and strategies tailored to the individual needs and risk profiles of its clients. The offered investment strategies include global equity and bond strategies, multi-asset portfolios, and alternative investments such as hedge funds and private equity. Pendal Group has various subsidiaries specialized in different investment strategies and customer needs. For example, the subsidiary JOHCM, acquired in 2014, specializes in active security stock picking and offers a wide range of global equity strategies. On the other hand, the subsidiary Regnan specializes in ESG (Environmental, Social, and Governance) investments and offers customers the opportunity to invest in companies that meet high ESG standards. Another important aspect of Pendal's business model is close collaboration with clients and other stakeholders to ensure that the company's investment strategies align with their needs and goals. Pendal is also actively involved in the development of responsible investment standards and the promotion of ESG practices in the global financial industry. Pendal Group offers a variety of investment products tailored to the needs of institutional and private clients. These include UCITS-compliant funds, shipping funds, infrastructure funds, and ETFs. The company also offers customized investment products specifically tailored to the individual requirements of its clients. The history of Pendal Group is characterized by significant growth and expansion. In recent years, the company has made a number of strategic acquisitions to strengthen its presence in key financial centers around the world and expand its product range. In 2016, Pendal acquired the former private equity division of Barclays Bank, now known as Quay Partners. The acquisition gave Pendal access to a wider range of alternative investment strategies. Overall, Pendal Group has established itself as a leading investment management company offering high-quality investment products and services to its clients. With a strong global presence and a wide range of investment strategies, Pendal Group remains well-positioned for further growth and long-term success. The answer to this translation is: The Pendal Group Ltd is an Australian investment management company based in Sydney. The company was formerly known as BT Investment Management Ltd and was founded in 1998. It has since become an international provider of asset management services. Pendal Group's business model focuses on managing assets for clients who want to diversify their investments. The company offers a variety of investment instruments and strategies tailored to individual client needs and risk profiles. These include global equity and bond strategies, multi-asset portfolios, and alternative investments such as hedge funds and private equity. Pendal Group has subsidiary companies specializing in different investment strategies and client needs. For example, JOHCM, acquired in 2014, specializes in active stock picking and offers a range of global equity strategies. Regnan, on the other hand, specializes in ESG (Environmental, Social, and Governance) investments, allowing clients to invest in companies that meet high standards in these areas. Collaboration with clients and stakeholders is a key aspect of Pendal's business model, ensuring that investment strategies align with client needs and goals. Pendal is also involved in developing responsible investment standards and promoting ESG practices in the global financial industry. The company offers a range of investment products tailored to institutional and private clients, including UCITS-compliant funds, shipping funds, infrastructure funds, and ETFs. Pendal also offers customized investment products to meet specific client requirements. Pendal Group has experienced significant growth and expansion, making strategic acquisitions to strengthen its presence in key financial centers and expand its product range. In 2016, the company acquired the former private equity division of Barclays Bank, which is now known as Quay Partners. This acquisition provided access to a wider range of alternative investment strategies. Overall, Pendal Group is a leading investment management company that offers high-quality products and services to clients. With a strong global presence and a wide range of investment strategies, the company is well-positioned for further growth and long-term success.

Pendal Group SWOT Analysis

Strengths

Pendal Group Ltd has several strengths that contribute to its success. These strengths include:

  • Strong brand reputation in the financial services industry.
  • Diverse and experienced management team.
  • Large and loyal customer base.
  • Robust financial performance and solid profitability.
  • Strong distribution network and global presence.

Weaknesses

Despite its strengths, Pendal Group Ltd also faces certain weaknesses which could hinder its growth and performance. These weaknesses include:

  • Vulnerability to economic downturns and market fluctuations.
  • Reliance on a few key clients for significant revenues.
  • Limited product range compared to some competitors.
  • Higher cost structure compared to some competitors.
  • Dependence on regulatory frameworks and compliance.

Opportunities

Pendal Group Ltd can take advantage of various opportunities available in the market to further grow and expand. These opportunities include:

  • Increasing demand for sustainable and socially responsible investment products.
  • Expanding into new geographical markets with higher growth potential.
  • Developing innovative financial solutions to meet evolving customer needs.
  • Strategic partnerships and acquisitions to enhance product offerings and market reach.
  • Leveraging technology advancements to improve operational efficiency.

Threats

Pendal Group Ltd should be aware of the potential threats that may impact its business operations and market position. These threats include:

  • Intense competition from existing financial service providers.
  • Changes in regulatory environment affecting investment management industry.
  • Global economic uncertainties and volatility.
  • Disruption from emerging fintech companies.
  • Changing customer preferences and expectations.

Pendal Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Pendal Group historical P/E ratio, EBIT multiple, and P/S ratio

Pendal Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Pendal Group shares outstanding

The number of shares of Pendal Group was 363.72 M in 2025. This indicates how many shares Pendal Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
297.62 M Stocks
Jan 1, 2019
301.47 M Stocks
Jan 1, 2020
301.26 M Stocks
Jan 1, 2021
325.28 M Stocks
Jan 1, 2022
363.72 M Stocks
Jan 1, 2023 (e)
363.72 M Stocks
Jan 1, 2024 (e)
363.72 M Stocks
Jan 1, 2025 (e)
363.72 M Stocks

Pendal Group Dividend History

15 years of dividend payments

YearAnnual DividendYoY ChangePayments
20220.22AUD 48.8%
20210.43AUD 10.8%
20200.39AUD 17.8%
20190.47AUD 15.2%
20180.55AUD 10.2%
20170.50AUD 3.2%
20160.49AUD 22.0%
20150.40AUD 0.8%
20140.40AUD 70.8%
20130.24AUD 32.0%

Pendal Group dividend payout ratio

In 2025, Pendal Group had a payout ratio of 78.56%. The payout ratio indicates the percentage of the company's profits that Pendal Group distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
81.55 %
Jan 1, 2019
91.59 %
Jan 1, 2020
99.89 %
Jan 1, 2021
84.45 %
Jan 1, 2022
70.65 %
Jan 1, 2023 (e)
84.99 %
Jan 1, 2024 (e)
80.03 %
Jan 1, 2025 (e)
78.56 %
Price targets and forecasts for Pendal Group are not yet available.

Pendal Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/8/20230.18AUD265.63 MAUD2023 Q2
11/4/20220.12AUD271.57 MAUD2022 Q4
5/10/20220.28AUD359.94 MAUD2022 Q2
11/5/20210.25AUD304.81 MAUD2021 Q4
5/10/20210.27AUD282.92 MAUD2021 Q2
11/4/20200.23AUD238.34 MAUD2020 Q4
5/11/20200.24AUD240.46 MAUD2020 Q2
11/6/20190.24AUD249.54 MAUD2019 Q4
5/2/20190.29AUD253.53 MAUD2019 Q2
11/8/20180.26AUD261.53 MAUD2018 Q4

Pendal Group shareholder structure

% Name
7.94054%
Goldman Sachs Financial Markets Pty. Ltd.
Goldman Sachs Financial Markets Pty. Ltd.
4.48369%
Mitsubishi UFJ Financial Group Inc
Mitsubishi UFJ Financial Group Inc
4.07727%
State Street Global Advisors Australia Ltd.
State Street Global Advisors Australia Ltd.
2.20470%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.93600%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
1.78384%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

Pendal Group Executives and Management Board

NG

Mr. Nicholas Good

Group Chief Executive Officer, Managing Director

Compensation3.17 M AUD
AA

Ms. Alexandra Altinger

Chief Executive Officer - JOHCM UK, Europe & Asia

Compensation1.95 M AUD
RB

Mr. Richard Brandweiner

Chief Executive Officer - Pendal Australia

Compensation1.58 M AUD
BS

Mr. Bindesh Savjani

Group Chief Risk Officer

Compensation1.52 M AUD
CW

Mr. Cameron Williamson

Group Chief Financial Officer

Compensation1.08 M AUD

Pendal Group Supply Chain

Pendal Group Supply Chain

Correlation: how closely stock prices move together

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Frequently asked questions about Pendal Group

Pendal Group Ltd's business model focuses on asset management and investment services. As a leading global investment manager, Pendal Group offers a wide range of investment solutions to institutional and individual investors. The company delivers active investment strategies across various asset classes, including equities, fixed income, and multi-asset portfolios. With a strong emphasis on research-driven decision-making and a collaborative approach, Pendal Group aims to provide superior investment outcomes for its clients. Through its expertise and global presence, Pendal Group strives to generate long-term value and sustainable growth for both its clients and shareholders.

All fundamentals and in-depth analysis of Pendal Group

Our stock analysis for Pendal Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Pendal Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.