Prestige Wealth Inc. (PWM) IPO Stocks Price,News,Date& information

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Company Description

Prestige Wealth is a Hong Kong-based supplier of wealth management and asset management services through its subsidiaries, with the majority of those businesses’ operations taking place in Hong Kong.

Our subsidiaries help their customers find and buy well-suited wealth management products and products for worldwide asset management.

Prestige Wealth Inc., a Cayman Islands holding company with most of its operations carried out by its subsidiaries, is not an operating firm.

Therefore, those who purchase our ordinary shares are buying equity stakes in a Cayman Islands holding company. Prestige Wealth Inc. does not run its business through variable interest corporations;

instead, it directly owns equity interests in its subsidiaries. Prestige Wealth Inc. does not have any subsidiaries that are incorporated in mainland China as of the date of this prospectus.

We are a Hong Kong-based supplier of wealth management and asset management services through our subsidiaries,

services for wealth management. Our subsidiaries work with licenced product brokers who are primarily insurance brokers and distribute wealth management products, which at this time only include insurance products,

and help them create personalised wealth management investment portfolios for our clients. These licenced product brokers are licenced in Hong Kong or the United States. Our businesses have begun offering wealth management services in the United States as of late 2021.

Additionally, our subsidiaries refer clients to qualified wealth planning and inheritance-related professionals, such as trust lawyers and tax accountants, and to renowned high-end medical and

educational resources. Personal assistant services are also offered to clients through our subsidiaries in Hong Kong.

For these value-added services, our subsidiaries do not charge their customers any fees. Along with insurance products, we want to grow the network.

with the majority of their operations taking place here. Our subsidiaries help their customers find and buy well-suited wealth management products and products for worldwide asset management. Its subsidiaries are

High net worth and ultra-high net worth individuals in Asia make up the majority of our subsidiaries’ clients for both wealth management and asset management services, and most of them are based in mainland China or Hong Kong.

People who own individual investable assets, such as financial assets and investment property, with a total value of over $1.5 million or over $4.5 million, respectively, are referred to as high net worth persons or ultra-high net worth individuals.

Prestige Wealth Inc.

CountryHong Kong
Founded2018
IPO DateJun 29, 2023
IndustryFinancials
SectorDiversified Financial Services
Employees6
CEOHongtao Shi

Contact Details

Address:Suite 5102, 51/F, Cheung Kong Center, 2 Queen’s Road Central
Hong Kong
Phone+852 2122 8560
Websiteprestigewm.hk

Stock Details

Ticker SymbolPWM
ExchangeNASDAQ
Fiscal YearOctober – September
Reporting CurrencyUSD
CIK Code0001765850
SIC Code6199

Key Executives

NamePosition
Hongtao ShiDirector, Chairman of the Board of Directors, Chief Executive Officer
Chi Tak SzeDirector
Ngat WongChief Financial Officer and Chief Operating Officer
Market Cap49.50M
Revenue (ttm)1.77M
Net Income (ttm)1.01M
Shares Out9.060M
EPS (ttm)0.11
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volumen/a
Openn/a
Previous Closen/a
Day’s Rangen/a
52-Week Rangen/a
Betan/a
Analystsn/a
Price Targetn/a
Earnings Daten/a

Income Statement (Annual)

Millions USD. Fiscal year is Oct – Sep.TTMMillionsExport

Year20212020
Revenue2.792.56
Revenue Growth (YoY)8.99%
Cost of Revenue0.04
Gross Profit2.752.56
Selling, General & Admin1.10.69
Operating Expenses1.10.69
Operating Income1.651.87
Other Expense / Income-0.25-0.17
Pretax Income1.912.05
Income Tax-00.31
Net Income1.911.73
Net Income Growth10.41%
Gross Margin98.50%100.00%
Operating Margin59.17%73.06%
Profit Margin68.48%67.60%
Free Cash Flow Margin46.64%93.01%
Effective Tax Rate-0.26%15.36%
EBITDA1.912.05
EBITDA Margin68.30%79.86%
EBIT1.912.05
EBIT Margin68.30%79.86%

Balance Sheet (Annual)

Millions USD. Fiscal year is Oct – Sep.TTMMillionsExport

Year20212020
Cash & Equivalents0.750.21
Short-Term Investments1.554.23
Cash & Cash Equivalents2.34.44
Cash Growth-48.21%
Receivables0.050.46
Other Long-Term Assets4.466.77
Total Long-Term Assets4.466.77
Total Assets4.466.77
Other Long-Term Liabilities0.451.37
Total Long-Term Liabilities0.451.37
Total Liabilities0.451.37
Total Debt0.01
Common Stock0.670.45
Retained Earnings3.324.91
Comprehensive Income0.020.04
Shareholders’ Equity4.015.4
Net Cash / Debt2.294.44
Net Cash / Debt Growth-48.51%

Cash Flow Statement (Annual)

Millions USD. Fiscal year is Oct – Sep.TTMMillionsExport

Year20212020
Net Income1.911.73
Other Operating Activities-0.610.65
Operating Cash Flow1.32.38
Operating Cash Flow Growth-45.34%
Change in Investments0.55-2.2
Investing Cash Flow0.55-2.2
Dividends Paid-1.14
Other Financing Activities-0.18-0.21
Financing Cash Flow-1.32-0.21
Net Cash Flow0.54-0.02
Free Cash Flow1.32.38
Free Cash Flow Growth-45.34%
Free Cash Flow Margin46.64%93.01%

Ratios and Metrics (Annual)

Millions USD. Fiscal year is Oct – Sep.CurrentMillionsExport

YearCurrent2021
Market Capitalization50
Enterprise Value46
Debt / Equity Ratio0.000.00
Debt / EBITDA Ratio0.010.01
Debt / FCF Ratio0.020.01

Total Valuation

PWM has a market cap or net worth of $49.50 million. The enterprise value is $46.49 million.

Market Cap49.50M
Enterprise Value46.49M

Important Dates

Earnings Daten/a
Ex-Dividend Daten/a

Share Statistics

PWM has 9.00 million shares outstanding.

Shares Outstanding9.00M
Shares Change (YoY)n/a
Shares Change (QoQ)n/a
Owned by Insiders (%)n/a
Owned by Institutions (%)n/a
Floatn/a

Valuation Ratios

PE Ration/a
Forward PEn/a
PS Ratio28.02
Forward PSn/a
PB Ratio9.31
P/FCF Ratio60.03
PEG Ration/a

Financial Ratio History

Enterprise Valuation

The stock’s EV/EBITDA ratio is 39.66, with an EV/FCF ratio of 56.38.

EV / Earnings46.13
EV / Sales26.32
EV / EBITDA39.66
EV / EBIT39.66
EV / FCF56.38

Financial Position

Current Ration/a
Quick Ration/a
Debt / Equity0.00
Debt / EBITDA0.01
Debt / FCF0.02
Interest Coveragen/a

Margins

Gross margin is 111.88%, with operating and profit margins of 53.77% and 57.05%.

Gross Margin111.88%
Operating Margin53.77%
Pretax Margin66.35%
Profit Margin57.05%
EBITDA Margin66.35%
EBIT Margin66.35%
FCF Margin46.67%

Dividends & Yields

PWM does not appear to pay any dividends at this time.

Dividend Per Sharen/a
Dividend Yieldn/a
Earnings Yield2.04%
FCF Yield1.67%
Dividend Growth (YoY)n/a
Payout Ration/a
Buyback Yieldn/a
Shareholder Yieldn/a

Analyst Forecast

Price Targetn/a
Price Target Differencen/a
Analyst Consensusn/a
Analyst Countn/a
Revenue Growth Forecast (5Y)n/a
EPS Growth Forecast (5Y)n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Daten/a
Split Typen/a
Split Ration/a
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FAQ

What is the difference between wealth management and asset management?

Wealth Management is an all-encompassing approach to your finances designed to protect and grow wealth and includes other tangible assets. Asset Management is fiduciary portfolio management with a goal of providing cash flow, growing the portfolio, and mitigating risk

How do asset managers get paid?

As an asset manager, you make money by charging a management fee for your services. The fee structure can vary from firm to firm, but an annual fee of one to two percent of the total value of assets managed is common. In other words, the bigger the client, the higher your fee.

What is the daily task of an asset manager?

Asset managers manage and monitor a company’s assets. This could include property, money, stocks, shares and bonds, commodities, equities and other financial products. As an asset manager, you’d aim to maximise your employer’s return on investment.

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