Added to YB: 2025-06-02
Pitch date: 2025-05-28
PNC.AX [bullish]
Pioneer Credit Limited
+35%
current return
Author Info
No bio for this author
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 0.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
16.44
EV/Sales
N/A
Sector
Financial Services
Category
turnaround
Pioneer Credit (ASX: PNC): A Hidden Gem with Turnaround Potential on the ASX
PNC.AX: Debt recovery co at 8.5x FY25E and 4x FY26E earnings, far below $200-330M liquidation value. Trading at ~$76M market cap vs $18M NPAT guidance by FY26. Turnaround story post-2020 collapse includes $8M annual interest savings from debt refinancing. $32M PwC litigation catalyst in Q1 FY26. Tailwinds: growing PDP supply, industry consolidation.
Read full article (4 min)