Added to YB: 2025-01-30
Pitch date: 2024-12-15
PNC.AX [bullish]
Pioneer Credit Limited
+18.42%
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 0.57
Price Target
1.15 (+70%)
Dividend
N/A
EV/EBITDA
N/A
P/E
16.44
EV/Sales
N/A
Sector
Financial Services
Category
turnaround
Pioneer Credit Limited - $PNC.AX
PNC.AX: Tiny $50M mkt cap, low liquidity. Aussie NPL buyer. 2023 breakeven, but confident 2026 NPAT $18M. Duopoly market, high IRR, lower funding costs. Fwd P/E 5x vs historical 12-15x. 2-year PT double. Risks: leverage, troubled past. Catalysts: PDP growth, execution, PWC lawsuit, deleveraging, dividends.
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