Added to YB: 2025-05-14
Pitch date: 2025-04-15
PNC.AX [bullish]
Pioneer Credit Limited
+72.19%
current return
Author Info
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Company Info
Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. The company acquires and services purchase debt portfolios.
Market Cap
AUD 95.7M
Pitch Price
AUD 0.39
Price Target
1.00 (+48%)
Dividend
N/A
EV/EBITDA
N/A
P/E
16.44
EV/Sales
N/A
Sector
Financial Services
Category
growth
Diamond in the rough (PNC:ASX)
PNC.AX: Retail debt recovery firm with 25% market share trading at 3x FY26 P/E and 0.3x liquidation value. Post-industry consolidation, facing less competition with growing supply. Triple-digit earnings growth expected next 2 years. Recent debt refinance saves $8M annually. Management aligned via LTI requiring $18M FY26 NPAT. Risks: high leverage, covenant breach potential.
Read full article (22 min)