Update shared on 25 Nov 2025
Fair value Increased 5.25%The analyst price target for Ninety One Group has increased from 223 GBp to 226 GBp. Analysts cite improved revenue growth expectations and a slightly lower discount rate, which together support a modestly higher valuation.
Analyst Commentary
Recent analyst coverage for Ninety One Group includes a series of price target increases. These changes reflect evolving views on the company’s valuation prospects.
Bullish Takeaways- Bullish analysts have highlighted improved expectations for future revenue growth, which supports an upward revision in the company’s price target.
- The recent price target upgrades indicate growing confidence in Ninety One Group’s operational execution and resilience in the current market environment.
- Adjustments in the discount rate, specifically a slight reduction, have been cited as a factor enhancing the company’s valuation outlook.
- The consistent maintenance of a Neutral rating alongside an increased target price suggests analysts believe there is steady, if measured, upside potential for shares from current levels.
- Despite the higher price targets, analysts remain cautious overall as reflected in their Neutral stance. This points to possible headwinds that could limit near-term momentum.
- There are concerns that improvements in revenue growth may be incremental rather than transformational, warranting a more conservative outlook.
- Some analysts are wary of external risks that may impact execution or dampen the realized growth rates in the coming quarters.
What's in the News
- The Board has declared an interim dividend of 6.0 pence per share for the six months ending 30 September 2025. This is an increase from 5.4 pence per share for the previous year, resulting in an estimated £53.8 million payout. The interim dividend is scheduled to be paid on 19 December 2025 to shareholders of record as of 5 December 2025 (Company announcement).
Valuation Changes
- Fair Value has increased from £2.10 to £2.21 per share, reflecting a modest rise in the company's intrinsic valuation.
- Discount Rate has decreased slightly from 12.33% to 12.12%, indicating a lower perceived risk in future cash flows.
- Revenue Growth is now expected at 11.45%, up from 10.01%, suggesting a higher anticipated growth trajectory.
- Net Profit Margin has dipped marginally from 24.94% to 24.37%, signaling a small contraction in profitability expectations.
- Future P/E ratio has edged down from 12.62x to 12.55x, reflecting minor adjustments in market expectations for future earnings multiples.
Disclaimer
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