View ValuationOld Mutual 将来の成長Future 基準チェック /06Old Mutualの収益は年間71.8%で減少すると予測されていますが、年間利益は年間3%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に13.8% 7.1%なると予測されています。主要情報3.0%収益成長率7.07%EPS成長率Insurance 収益成長11.3%収益成長率-71.8%将来の株主資本利益率13.81%アナリストカバレッジGood最終更新日29 Jun 2026今後の成長に関する最新情報Major Estimate Revision • Sep 26Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS increased from R1.68 to R2.05. Revenues were reaffirmed at R27.8b. Net income forecast to grow 23% next year vs 7.9% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R13.70. Share price was steady at R13.41 over the past week.Major Estimate Revision • Apr 03Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R1.73 to R2.15. Revenue forecast unchanged at R29.8b. Net income forecast to grow 26% next year vs 9.1% growth forecast for Insurance industry in South Africa. Consensus price target down from R13.89 to R13.49. Share price fell 11% to R10.89 over the past week.お知らせ • Sep 10Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024Old Mutual Limited provided earnings guidance for the six months Ended 30 June 2024. For the period, the company expects Basic EPS of 115.1 cents to 124.7 cents.Major Estimate Revision • Apr 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from R1.89 to R1.62. Revenue forecast unchanged from R27.3b at last update. Net income forecast to grow 4.4% next year vs 11% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R14.79. Share price fell 2.8% to R11.42 over the past week.お知らせ • Mar 14Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023Old Mutual Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects IFRS profit after tax attributable to equity holders of the parent to be in the range of ZAR 6,540 million to ZAR 7,586 million and Basic EPS to be in the range of 146.7 cents to 169.8 cents.お知らせ • Sep 13Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Old Mutual Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects Basic EPS (cents) of 86.0 cents - 107.4 cents. Headline earnings of SAR 3,884 Million- SAR 4,834 Million. HEPS (cents) of 86.3 cents - 107.3 cents, and Results from operations of SAR 3,939 Million - SAR 4,790 Million. IFRS profit after tax attributable to equity holders of the parent of SAR 3,869 million - SAR 4,836 million.すべての更新を表示Recent updatesお知らせ • Jun 05Old Mutual Limited Announces Board and Committee ChangesOld Mutual Limited at its AGM held on June 5, 2026, approved: To elect Roger Jardine as a director of the Company; To elect Brian Armstrong as a member of the Responsible Business committee; To elect Jaco Langner as a member of the Responsible Business committee; To elect Sizeka Magwentshu-Rensburg as a member of the Responsible Business committee; To elect James Mwangi as a member of the Responsible Business committee; To elect Jurie Strydom as a member of the Responsible Business committee.お知らせ • Jun 03Old Mutual Limited Announces Board and Committee Changes, Effective June 1, 2026Old Mutual Limited announced the appointment of Dr Claudia Manning and Dr Phumla Mnganga as independent non-executive directors of the Company, effective June 1, 2026. Dr Manning was appointed as a member of the Responsible Business Committee (and its sub-committee, the Group Customer Committee) as well as the Remuneration Committee. Dr Mnganga was appointed as a member of the Remuneration Committee and the Technology & Platforms Committee. Dr Manning is a senior investment and development professional with expertise spanning finance, investment and economic development. Her governance experience includes previous roles as a non-executive director at JSE-listed Adcock Ingram and other leading financial institutions including the Development Bank of Southern Africa and the Public Investment Corporation, where she also served on investment committees. She currently serves as a non-executive director of Rothschild & Co South Africa and Chair of Mondi Zimele. She is currently an Investment Principal at the SA SME Fund, focusing on fund investments, due diligence and portfolio management, including ESG and sustainability. She has also held senior executive roles, including Managing Director of DAI Southern Africa. Dr Manning holds a Doctor of Philosophy and a Master of Philosophy from the University of Sussex, as well as a Bachelor of Arts (Honours) from the University of Natal. Dr Mnganga is an experienced business leader and non-executive director with extensive listed-company board experience. She currently serves on the boards of Altron, Adcorp and Exxaro, and has previously chaired Crookes Brothers South Africa and Novus Holdings, while also serving for many years on the board of The Spar Group. Her executive career includes senior roles at Gold Circle Group, Tongaat-Hulett and Deloitte Consulting, with responsibilities spanning business transformation, organisational development, human capital management and stakeholder engagement. She is the founder of Lehumo Women’s Investment Holdings, a women-owned investment company focused on infrastructure-related investments. Dr Mnganga holds a PhD in Social Entrepreneurship from Wits Business School and a Master’s in Business Leadership from the University of South Africa, together with qualifications in arts, education and psychology from the University of KwaZulu-Natal. The Board performed fit and proper assessments, in terms of sections 5.6 and 6.73 of the JSE Listings Requirements, of Dr Manning and Dr Mnganga, before they were appointed as directors and is satisfied with the outcome of the assessments. The assessments by the Board included an investigation into their backgrounds, including independent verifications of qualifications.お知らせ • Apr 27Old Mutual Limited Announces Board and Committee ChangesOld Mutual Limited announced changes to its board of directors and committees in compliance with paragraph 6.71 of the JSE Listings Requirements. Mr. Stewart van Graan, aged 70, will step down as Chairman of the Technology and Platforms Committee and member of the Corporate Governance and Nomination Committee and will be succeeded in those positions by Dr Brian Armstrong, aged 65, with effect from the close of the Annual General Meeting on June 5, 2026. Mr. van Graan will retire from the Board during the course of the year once the new Board appointments, currently underway, assume their positions. Dr Armstrong, a director since 2020, holds BSc (Eng), MSc (Eng) and PhD qualifications and is Professor of Practice in Digital Transformation at the Gordon Institute of Business Science effective May 1, 2026. He is widely recognised as a leading expert in ICT and digital transformation, with extensive experience across information technology, listed companies, remuneration and performance management, and strategy. He currently serves on the Responsible Business, Related Party Transactions and Technology & Platforms Committees. Mr. Itumeleng Kgaboesele, aged 54, will step down from the Audit and Actuarial Committees at the close of the AGM. He will remain on the Board and continue to serve as Chairman of the Remuneration Committee until he concludes his Board tenure on December 31, 2026. Upon assuming the chairmanship of the Company at the conclusion of the AGM, Chairman-designate Roger Jardine will chair the Corporate Governance and Nomination Committee and step down from the Remuneration and Responsible Business Committees. Further appointments to the Board will, subject to customary regulatory approvals, be announced in due course.お知らせ • Apr 09Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU).Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026. Absa Capital Securities Proprietary Limited completed the acquisition of an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026.Upcoming Dividend • Apr 02Upcoming dividend of R0.56 per shareEligible shareholders must have bought the stock before 08 April 2026. Payment date: 13 April 2026. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (7.9%). Higher than average of industry peers (4.1%).Declared Dividend • Mar 19Final dividend increased to R0.56Dividend of R0.56 is 7.7% higher than last year. Ex-date: 8th April 2026 Payment date: 13th April 2026 Dividend yield will be 6.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (2% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 19Old Mutual Limited Announces Retirement Trevor Manuel as Chairman, Effective 5 June 2026Old Mutual Limited announced that Mr. Trevor Manuel, Chairman of Old Mutual, who turned 70 in January 2026, the retirement age for directors as set out in the Board Charter, will retire as Chairman and as a director of the Company upon the close of the AGM.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Mar 17Old Mutual Limited, Annual General Meeting, Jun 05, 2026Old Mutual Limited, Annual General Meeting, Jun 05, 2026.お知らせ • Feb 23+ 1 more updateOld Mutual Limited to Report First Half, 2026 Results on Sep 08, 2026Old Mutual Limited announced that they will report first half, 2026 results on Sep 08, 2026分析記事 • Jan 23Investor Optimism Abounds Old Mutual Limited (JSE:OMU) But Growth Is LackingWith a median price-to-earnings (or "P/E") ratio of close to 10x in South Africa, you could be forgiven for feeling...Recent Insider Transactions • Nov 17CEO & Director recently bought R10.0m worth of stockOn the 11th of November, Johann Strydom bought around 753k shares on-market at roughly R13.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johann's only on-market trade for the last 12 months.ナラティブ更新 • Oct 29Digital Transformation And Sustainability Will Reshape Financial ServicesOld Mutual's analyst price target has been raised from R13.18 to R13.98. This reflects increased optimism from analysts based on improved profit margin projections and a lower discount rate.Major Estimate Revision • Sep 26Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS increased from R1.68 to R2.05. Revenues were reaffirmed at R27.8b. Net income forecast to grow 23% next year vs 7.9% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R13.70. Share price was steady at R13.41 over the past week.Upcoming Dividend • Sep 25Upcoming dividend of R0.37 per shareEligible shareholders must have bought the stock before 01 October 2025. Payment date: 06 October 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of South African dividend payers (8.3%). Higher than average of industry peers (4.1%).Reported Earnings • Sep 11First half 2025 earnings released: EPS: R0.96 (vs R1.20 in 1H 2024)First half 2025 results: EPS: R0.96 (down from R1.20 in 1H 2024). Revenue: R55.5b (up 5.6% from 1H 2024). Net income: R4.10b (down 22% from 1H 2024). Profit margin: 7.4% (down from 10.0% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 25% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.お知らせ • Sep 10Old Mutual Limited (JSE:OMU) announces an Equity Buyback for ZAR 3,000 million worth of its shares.Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to ZAR 3,000 million worth of its shares.お知らせ • Jul 07Old Mutual Limited Appoints Prabashini Moodley as Chief Executive Officer of New Life & Savings Segment, Effective 1 August 2025Shareholders are hereby notified of the appointment of Ms. Prabashini Moodley as Chief Executive Officer (CEO) of Old Mutual's newly configured Life and Savings segment, effective 1 August 2025. Prabashini will report directly to the Group CEO, Jurie Strydom. The Life and Savings segment will consist of four business units namely, Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding banking. The Managing Directors of these business units will report to Prabashini. The formation of the Life and Savings segment will ultimately enable more effective delivery to customers and intermediaries in South Africa and greater leveraging of the benefits of scale efficiencies in key areas. Prabashini is currently the Managing Director of Old Mutual Corporate and has enjoyed a long and successful career at Old Mutual. She joined the Group in 2002 and qualified as an actuary shortly thereafter. Prabashini also holds a Global Executive MBA from IESE Business School and has served in various roles across Personal Finance, Old Mutual Investment Group, and the MFC, including four years as the MFC's Chief Financial Officer. Her international experience includes a tenure at Skandia México, where she established and led a customer segment business. These changes reflect Old Mutual's continued commitment to enhancing organisational effectiveness, driving operational efficiency, and delivering sustainable value to customers and all stakeholders.分析記事 • Jun 25Old Mutual Limited's (JSE:OMU) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that Old Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 6.7x right now...お知らせ • May 30Old Mutual Limited Announces Board ElectionsOld Mutual Limited announced that at its AGM held on May 30, 2025, shareholders approved the election of Brian Armstrong, Jaco Langner, Sizeka Magwentshu-Rensburg, Trevor Manuel, James Mwangi and Iain Williamson as member of the responsible business committee.分析記事 • May 28Should You Be Adding Old Mutual (JSE:OMU) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...お知らせ • May 09Old Mutual Limited Announces CEO ChangesOld Mutual Limited announced appointment of Mr. Jurie Strydom as its Chief Executive Officer of the company. To ensure a smooth, managed, and rapid transition of executive authority and subject to regulatory approvals, Jurie will commence working as CEO designate, alongside CEO Iain Williamson until the conclusion of the Annual General Meeting ("AGM") on 30 May 2025, when he will become CEO with effect from 1 June 2025. Iain Williamson will continue as Board director until the conclusion of the AGM; and then remain available to advise and support the CEO and Board until his retirement on 31 August 2025. A qualified actuary and graduate of the University of Cape Town, Jurie also holds an MBA from the Massachusetts Institute of Technology, and qualified as a Chartered Financial Analyst ("CFA") from the CFA Institute in the United States. A highly experienced leader with decades of top management and board experience in financial services and insurance, he has served as CEO of Sanlam Life and Savings, Regent Insurance Group, Alexander Forbes Life, and was Executive Director at Imperial Holdings. Jurie is a fintech investor and the Chairman of FSPHub* as well as the Chairman of Common Good, a not-for-profit company that creates transformational opportunities for underprivileged communities in the areas of early childhood support, education and employment.お知らせ • May 06Old Mutual Limited to Report First Half, 2025 Results on Sep 10, 2025Old Mutual Limited announced that they will report first half, 2025 results on Sep 10, 2025新しいナラティブ • May 04Digital Transformation And Sustainability Will Reshape Financial Services The launch of OM Bank and digital transformation initiatives are key growth drivers, enhancing revenue and net margins through efficient cost structures and operational efficiencies. お知らせ • Apr 16Old Mutual Limited, Annual General Meeting, May 30, 2025Old Mutual Limited, Annual General Meeting, May 30, 2025. Location: the auditorium, ground floor, mutual place, 107 rivonia road, sandton, johannesburg South AfricaValuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to R10.25, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Insurance industry in South Africa. Total loss to shareholders of 7.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R5.37 per share.Upcoming Dividend • Apr 03Upcoming dividend of R0.52 per shareEligible shareholders must have bought the stock before 09 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 7.9%. Lower than top quartile of South African dividend payers (8.6%). Higher than average of industry peers (4.0%).Major Estimate Revision • Apr 03Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R1.73 to R2.15. Revenue forecast unchanged at R29.8b. Net income forecast to grow 26% next year vs 9.1% growth forecast for Insurance industry in South Africa. Consensus price target down from R13.89 to R13.49. Share price fell 11% to R10.89 over the past week.Declared Dividend • Mar 20Final dividend increased to R0.52Dividend of R0.52 is 6.1% higher than last year. Ex-date: 9th April 2025 Payment date: 14th April 2025 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 18Full year 2024 earnings released: EPS: R1.76 (vs R1.58 in FY 2023)Full year 2024 results: EPS: R1.76 (up from R1.58 in FY 2023). Revenue: R105.2b (up 6.0% from FY 2023). Net income: R7.67b (up 8.5% from FY 2023). Profit margin: 7.3% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • Mar 18Benign Growth For Old Mutual Limited (JSE:OMU) Underpins Its Share PriceOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 6.3x might make it look like a buy right now...お知らせ • Mar 18Old Mutual Board Declares Final Dividend for the Year Ended 31 December 2024, Payable on 14 April 2025 (South African Register) and 7 May 2025 (UK Register)The Old Mutual Board declared a final dividend of 52 cents per share. This results in a full year dividend of 86 cents per share and a dividend cover of 1.6 times for the year ended 31 December 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the final dividend from the prior year was due to resilient operational performance and strong capital and liquidity position. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record Date: 11 April 2025, Payment Date: 14 April 2025 (South African register) and 7 May 2025 (UK register), Ex-Dividend Dates: 9 April 2025 (South African register) and 10 April 2025 (UK register).お知らせ • Feb 19Old Mutual Limited to Report Fiscal Year 2024 Results on Mar 18, 2025Old Mutual Limited announced that they will report fiscal year 2024 results on Mar 18, 2025お知らせ • Feb 17+ 1 more updateOld Mutual Limited Announces Retirement of Iain Williamson as Chief Executive Officer, Effective 31 August 2025Old Mutual Limited announced that Mr. Iain Williamson will take early retirement and step down as chief executive officer (CEO) of the company on 31 August 2025. The board has accepted Mr. Williamson's request to take early retirement after 32 years with the Old Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and service to the company, its clients and the industry. He will leave Old Mutual a stronger, more resilient and more innovative company that is ideally positioned to grow and thrive into the future. Iain will work with the Old Mutual Board and his successor, upon their appointment, to ensure a smooth and managed handover.分析記事 • Nov 20Earnings Working Against Old Mutual Limited's (JSE:OMU) Share PriceOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 7x might make it look like a buy right now...お知らせ • Nov 20Old Mutual Limited (JSE:OMU) announces an Equity Buyback for 81,000,000 shares, for ZAR 1,000 million.Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to 81,000,000 shares, for ZAR 1,000 million. The repurchased shares will be cancelled as issued shares and will revert to authorized but unissued share capital status. The program is till maximum amount is reached.分析記事 • Oct 25If EPS Growth Is Important To You, Old Mutual (JSE:OMU) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Declared Dividend • Sep 29First half dividend increased to R0.34Dividend of R0.34 is 6.3% higher than last year. Ex-date: 16th October 2024 Payment date: 21st October 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.6% over the next 3 years. However, it would need to fall by 49% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Sep 27First half 2024 earnings released: EPS: R1.20 (vs R0.97 in 1H 2023)First half 2024 results: EPS: R1.20 (up from R0.97 in 1H 2023). Revenue: R52.5b (up 8.5% from 1H 2023). Net income: R5.24b (up 20% from 1H 2023). Profit margin: 10.0% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 40% decline forecast for the Insurance industry in South Africa. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Sep 26Old Mutual Limited Declares Interim Dividend for the Half Year Ended 30 June 2024, Payable on 21 October 2024 and 15 November 2024The Old Mutual Board declared an interim dividend of 34 cents per share. This results in a dividend cover of 2.0 times for the half year ended 30 June 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the interim dividend from the prior period was due to the company's resilient operational performance and strong capital and liquidity position. The interim dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is on 16 October 2024. Ex-dividend date for shareholders on the UK register on 17 October 2024. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is on Close of business on 18 October 2024. Record date (UK register) is on 18 October 2024. Interim dividend payment date(JSE, MSE, NSX, ZSE) is on 21 October 2024 and (LSE) on 15 November 2024.お知らせ • Sep 10Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024Old Mutual Limited provided earnings guidance for the six months Ended 30 June 2024. For the period, the company expects Basic EPS of 115.1 cents to 124.7 cents.お知らせ • Aug 09Old Mutual Limited to Report First Half, 2024 Results on Sep 26, 2024Old Mutual Limited announced that they will report first half, 2024 results on Sep 26, 2024分析記事 • Jul 29There Is A Reason Old Mutual Limited's (JSE:OMU) Price Is UndemandingOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 7.4x might make it look like a buy right now...お知らせ • Jul 25An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU).An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. After completion, Old Mutual now holds 4.65% stake in Mustek. An undisclosed buyer completed the acquisition of an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024.分析記事 • Jun 21Here's Why We Think Old Mutual (JSE:OMU) Might Deserve Your Attention TodayFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R12.21, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Insurance industry in South Africa. Total returns to shareholders of 34% over the past three years.お知らせ • Apr 13Old Mutual Limited, Annual General Meeting, May 31, 2024Old Mutual Limited, Annual General Meeting, May 31, 2024, at 09:00 Coordinated Universal Time.分析記事 • Apr 13Old Mutual (JSE:OMU) Is Due To Pay A Dividend Of ZAR0.49Old Mutual Limited's ( JSE:OMU ) investors are due to receive a payment of ZAR0.49 per share on 22nd of April. However...お知らせ • Apr 13Albert Essien Not Available for Reelection from Board of Old Mutual LimitedOld Mutual Limited announced that Albert Essien will reach the maximum tenure on the Board in 2024 and has indicated that he will not be available for re-election. Albert will therefore step down from the Board with effect from the conclusion of the AGM on 31 May 2024.Upcoming Dividend • Apr 12Upcoming dividend of R0.49 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 96%. Trailing yield: 7.6%. Lower than top quartile of South African dividend payers (9.1%). Higher than average of industry peers (4.9%).Major Estimate Revision • Apr 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from R1.89 to R1.62. Revenue forecast unchanged from R27.3b at last update. Net income forecast to grow 4.4% next year vs 11% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R14.79. Share price fell 2.8% to R11.42 over the past week.分析記事 • Mar 30Old Mutual (JSE:OMU) Is Due To Pay A Dividend Of ZAR0.49Old Mutual Limited ( JSE:OMU ) will pay a dividend of ZAR0.49 on the 22nd of April. This means the annual payment is...Declared Dividend • Mar 29Final dividend reduced to R0.49Dividend of R0.49 is 3.9% lower than last year. Ex-date: 17th April 2024 Payment date: 22nd April 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Mar 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (92% cash payout ratio).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: R1.58 (vs R1.66 in FY 2022)Full year 2023 results: EPS: R1.58 (down from R1.66 in FY 2022). Revenue: R99.3b (down 5.9% from FY 2022). Net income: R7.07b (down 3.5% from FY 2022). Profit margin: 7.1% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Mar 27Old Mutual Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 22 April 2024The Old Mutual Limited Board declared a final dividend of 49 cents per share. This results in a full year dividend of 81 cents per share and a dividend cover of 1.5 times for the 2023 year, which is in line with company's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is April 19, 2024. Record date (UK register) is April 19, 2024. Final dividend payment date (JSE, MSE, NSX, ZSE is April 22, 2024). Final dividend payment date (LSE) is May 21, 2024. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is April 17, 2024. Ex-dividend date for shareholders on the UK register is 18 April 2024.お知らせ • Mar 14Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023Old Mutual Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects IFRS profit after tax attributable to equity holders of the parent to be in the range of ZAR 6,540 million to ZAR 7,586 million and Basic EPS to be in the range of 146.7 cents to 169.8 cents.お知らせ • Dec 06Old Mutual Limited Announces Directorate ChangeOld Mutual Limited announced the appointment of Busisiwe Silwanyana and Johann (Jurie) Strydom as independent non-executive directors. Both directors will serve on the Actuarial, Audit and Risk committees. Busi Silwanyana (CA)SA holds a BCom (Financial Accounting), BCom (Hons) and Postgraduate Diploma in Accounting from the University of Cape Town and an MBA from Durham University in the United Kingdom, and is a member of The South African Institute of Chartered Accountants (SAICA). Jurie Strydom holds aBBusSc (Hons) from the University of Cape Town in Actuarial Science, is a Fellow of the Institute of Actuaries in the United Kingdom, a CFA Charterholder from the CFA Institute in the United States and an MBA from Massachusetts Institute of Technology (Sloan Fellow).お知らせ • Oct 05+ 1 more updateOld Mutual Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Old Mutual Limited announced that they will report fiscal year 2023 results on Mar 28, 2024お知らせ • Sep 27Old Mutual Limited Declares an Interim Dividend, Payable on 23 October 2023The Old Mutual Limited Board declared an interim dividend of 32 cents per ordinary share, which amounts to 50% of adjusted headline earnings. The interim dividend will be paid out of income reserves. The growth in the interim dividend from the prior period is as a result of robust operational performance and strong capital and liquidity position. The interim dividend is in line with Old Mutual's dividend policy, which targets an ordinary dividend cover of 1.50 times to 2.00 times of adjusted headline earnings over the financial year. Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the interim dividend. Final dividend payment date on the South African register and Malawi, Namibia and Zimbabwe branch registers: Payable date for JSE, MSE, NSX, ZSE: 23 October 2023. Payable date for LSE: 17 November 2023.お知らせ • Sep 13Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Old Mutual Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects Basic EPS (cents) of 86.0 cents - 107.4 cents. Headline earnings of SAR 3,884 Million- SAR 4,834 Million. HEPS (cents) of 86.3 cents - 107.3 cents, and Results from operations of SAR 3,939 Million - SAR 4,790 Million. IFRS profit after tax attributable to equity holders of the parent of SAR 3,869 million - SAR 4,836 million.お知らせ • Jul 07Old Mutual Limited to Report First Half, 2023 Results on Sep 27, 2023Old Mutual Limited announced that they will report first half, 2023 results on Sep 27, 2023Upcoming Dividend • Apr 05Upcoming dividend of R0.51 per share at 6.4% yieldEligible shareholders must have bought the stock before 12 April 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of South African dividend payers (9.4%). Higher than average of industry peers (5.7%).Reported Earnings • Mar 17Full year 2022 earnings released: EPS: R1.66 (vs R1.51 in FY 2021)Full year 2022 results: EPS: R1.66 (up from R1.51 in FY 2021). Revenue: R113.2b (down 54% from FY 2021). Net income: R7.33b (up 10.0% from FY 2021). Profit margin: 6.5% (up from 2.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 82% p.a. on average during the next 2 years, while revenues in the Insurance industry in Africa are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 04Old Mutual Limited to Report Fiscal Year 2022 Results on Mar 14, 2023Old Mutual Limited announced that they will report fiscal year 2022 results on Mar 14, 2023Price Target Changed • Nov 16Price target decreased to R14.27Down from R16.00, the current price target is an average from 4 analysts. New target price is 33% above last closing price of R10.73. Stock is down 26% over the past year. The company is forecast to post earnings per share of R1.90 for next year compared to R1.51 last year.Price Target Changed • Oct 12Price target decreased to R14.27Down from R16.00, the current price target is an average from 4 analysts. New target price is 50% above last closing price of R9.50. Stock is down 42% over the past year. The company is forecast to post earnings per share of R1.90 for next year compared to R1.51 last year.Price Target Changed • Oct 05Price target decreased to R15.60Down from R17.00, the current price target is an average from 3 analysts. New target price is 62% above last closing price of R9.63. Stock is down 42% over the past year. The company is forecast to post earnings per share of R2.40 for next year compared to R1.51 last year.Upcoming Dividend • Sep 14Upcoming dividend of R0.25 per shareEligible shareholders must have bought the stock before 21 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of South African dividend payers (8.8%). Higher than average of industry peers (5.4%).Major Estimate Revision • Sep 06Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from R20.7b to R21.1b. EPS estimate increased from R1.61 to R1.90 per share. Net income forecast to grow 7.6% next year vs 13% growth forecast for Insurance industry in South Africa. Consensus price target down from R17.00 to R16.00. Share price was steady at R10.51 over the past week.Reported Earnings • Sep 01First half 2022 earnings released: EPS: R1.18 (vs R0.68 in 1H 2021)First half 2022 results: EPS: R1.18 (up from R0.68 in 1H 2021). Revenue: R8.91b (down 93% from 1H 2021). Net income: R5.22b (up 75% from 1H 2021). Profit margin: 59% (up from 2.5% in 1H 2021). Over the next year, revenue is expected to shrink by 84% compared to a 53% decline forecast for the Insurance industry in South Africa. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 06Upcoming dividend of R0.51 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of South African dividend payers (7.3%). Higher than average of industry peers (4.3%).Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: R1.51 (up from R1.16 loss in FY 2020). Revenue: R245.3b (up 78% from FY 2020). Net income: R6.66b (up R11.8b from FY 2020). Profit margin: 2.7% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 343%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the next year, revenue is expected to shrink by 92% compared to a 52% decline forecast for the insurance industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Mar 17Consensus EPS estimates increase by 41%The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from R18.9b to R19.7b. EPS estimate increased from R1.13 to R1.60 per share. Net income forecast to grow 8.6% next year vs 34% growth forecast for Insurance industry in South Africa. Consensus price target up from R17.85 to R18.26. Share price rose 7.5% to R13.60 over the past week.Upcoming Dividend • Sep 08Upcoming dividend of R0.25 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 11 October 2021. Trailing yield: 3.2%. Lower than top quartile of South African dividend payers (7.7%). Lower than average of industry peers (4.1%).Price Target Changed • Sep 07Price target increased to R18.33Up from R16.00, the current price target is an average from 3 analysts. New target price is 19% above last closing price of R15.43. Stock is up 42% over the past year.Reported Earnings • Sep 05First half 2021 earnings released: EPS R0.68 (vs R1.29 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R120.3b (up 248% from 1H 2020). Net income: R2.98b (up R8.61b from 1H 2020). Profit margin: 2.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Executive Departure • May 26Lead Independent Director has left the companyOn the 21st of May, Peter de Beyer's tenure as Lead Independent Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Peter's name. A total of 3 executives have left over the last 12 months.Executive Departure • May 26Independent Non-Executive Director has left the companyOn the 21st of May, Matthys du Toit's tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Matthys' name. A total of 3 executives have left over the last 12 months.Upcoming Dividend • Apr 08Upcoming dividend of R0.35 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 24 May 2021. Trailing yield: 2.6%. Lower than top quartile of South African dividend payers (7.8%). Lower than average of industry peers (4.1%).Reported Earnings • Mar 25Full year 2020 earnings released: R1.16 loss per share (vs R2.06 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: R137.5b (down 21% from FY 2019). Net loss: R5.10b (down 155% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 20New 90-day high: R12.90The company is up 27% from its price of R10.17 on 22 October 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 16% over the same period.Is New 90 Day High Low • Oct 31New 90-day low: R9.38The company is down 18% from its price of R11.47 on 31 July 2020. The South African market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.Is New 90 Day High Low • Sep 26New 90-day low: R9.49The company is down 19% from its price of R11.71 on 26 June 2020. The South African market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.業績と収益の成長予測JSE:OMU - アナリストの将来予測と過去の財務データ ( )ZAR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202731,7867,993N/AN/A112/31/202630,4097,992N/AN/A112/31/2025117,9708,408-4,474-2,471N/A9/30/2025112,7897,46912,70813,952N/A6/30/2025107,6076,53029,88930,374N/A3/31/2025106,1347,10025,93427,238N/A12/31/2024104,6617,66921,97924,102N/A9/30/2024104,0397,81116,56120,175N/A6/30/2024103,4167,95211,14316,248N/A3/31/2024101,3587,50910,90115,093N/A12/31/202399,3007,06510,65813,938N/A9/30/202395,0125,91016,88319,384N/A6/30/202390,7234,75423,10824,830N/A3/31/202386,6494,99324,34826,313N/A12/31/202282,5745,23125,58727,795N/A9/30/2022123,6386,87027,07929,270N/A6/30/2022164,7028,50928,57030,745N/A3/31/2022204,3087,58623,41625,432N/A12/31/2021243,9146,66218,26120,119N/A9/30/2021233,1935,08513,62815,508N/A6/30/2021222,4723,5088,99510,896N/A3/31/2021180,007-79415,13617,110N/A12/31/2020137,542-5,09721,27723,323N/A9/30/2020122,542-3,574N/AN/AN/A6/30/2020107,542-2,0525,9768,027N/A3/31/2020140,3713,6158,12410,111N/A12/31/2019173,1999,28210,27112,195N/A9/30/2019157,2777,279N/AN/AN/A6/30/2019141,3555,275N/A-35,721N/A3/31/2019125,1802,065N/A-41,023N/A12/31/2018109,005-1,145N/A-46,326N/A9/30/2018138,405-2,183N/A12,186N/A6/30/2018167,805-3,222N/A70,698N/A3/31/2018171,676-3,043N/A92,881N/A12/31/2017175,546-2,864N/A115,064N/A9/30/2017112,642-4,677N/A102,467N/A6/30/201751,329-6,113N/A87,162N/A3/31/201776,651-4,073N/A83,646N/A12/31/2016102,437-2,116N/A81,211N/A6/30/2016246,4619,141N/A110,528N/A3/31/2016272,47410,450N/A120,261N/A12/31/2015299,73611,858N/A130,257N/A9/30/2015304,43513,345N/A115,622N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: OMUの予測収益成長率 (年間3% ) は 貯蓄率 ( 9.8% ) を下回っています。収益対市場: OMUの収益 ( 3% ) ZA市場 ( 13.6% ) よりも低い成長が予測されています。高成長収益: OMUの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: OMUの収益は今後 3 年間で減少すると予想されています (年間-71.8% )。高い収益成長: OMUの収益は今後 3 年間で減少すると予測されています (年間-71.8% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: OMUの 自己資本利益率 は、3年後には低くなると予測されています ( 13.8 %)。成長企業の発掘7D1Y7D1Y7D1YInsurance 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/01 18:28終値2026/07/31 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Old Mutual Limited 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Francois Du ToitAnchor Stockbrokers Proprietary LimitedAdrienne DamantAvior Capital MarketsEdward HoughtonBernstein13 その他のアナリストを表示
Major Estimate Revision • Sep 26Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS increased from R1.68 to R2.05. Revenues were reaffirmed at R27.8b. Net income forecast to grow 23% next year vs 7.9% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R13.70. Share price was steady at R13.41 over the past week.
Major Estimate Revision • Apr 03Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R1.73 to R2.15. Revenue forecast unchanged at R29.8b. Net income forecast to grow 26% next year vs 9.1% growth forecast for Insurance industry in South Africa. Consensus price target down from R13.89 to R13.49. Share price fell 11% to R10.89 over the past week.
お知らせ • Sep 10Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024Old Mutual Limited provided earnings guidance for the six months Ended 30 June 2024. For the period, the company expects Basic EPS of 115.1 cents to 124.7 cents.
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from R1.89 to R1.62. Revenue forecast unchanged from R27.3b at last update. Net income forecast to grow 4.4% next year vs 11% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R14.79. Share price fell 2.8% to R11.42 over the past week.
お知らせ • Mar 14Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023Old Mutual Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects IFRS profit after tax attributable to equity holders of the parent to be in the range of ZAR 6,540 million to ZAR 7,586 million and Basic EPS to be in the range of 146.7 cents to 169.8 cents.
お知らせ • Sep 13Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Old Mutual Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects Basic EPS (cents) of 86.0 cents - 107.4 cents. Headline earnings of SAR 3,884 Million- SAR 4,834 Million. HEPS (cents) of 86.3 cents - 107.3 cents, and Results from operations of SAR 3,939 Million - SAR 4,790 Million. IFRS profit after tax attributable to equity holders of the parent of SAR 3,869 million - SAR 4,836 million.
お知らせ • Jun 05Old Mutual Limited Announces Board and Committee ChangesOld Mutual Limited at its AGM held on June 5, 2026, approved: To elect Roger Jardine as a director of the Company; To elect Brian Armstrong as a member of the Responsible Business committee; To elect Jaco Langner as a member of the Responsible Business committee; To elect Sizeka Magwentshu-Rensburg as a member of the Responsible Business committee; To elect James Mwangi as a member of the Responsible Business committee; To elect Jurie Strydom as a member of the Responsible Business committee.
お知らせ • Jun 03Old Mutual Limited Announces Board and Committee Changes, Effective June 1, 2026Old Mutual Limited announced the appointment of Dr Claudia Manning and Dr Phumla Mnganga as independent non-executive directors of the Company, effective June 1, 2026. Dr Manning was appointed as a member of the Responsible Business Committee (and its sub-committee, the Group Customer Committee) as well as the Remuneration Committee. Dr Mnganga was appointed as a member of the Remuneration Committee and the Technology & Platforms Committee. Dr Manning is a senior investment and development professional with expertise spanning finance, investment and economic development. Her governance experience includes previous roles as a non-executive director at JSE-listed Adcock Ingram and other leading financial institutions including the Development Bank of Southern Africa and the Public Investment Corporation, where she also served on investment committees. She currently serves as a non-executive director of Rothschild & Co South Africa and Chair of Mondi Zimele. She is currently an Investment Principal at the SA SME Fund, focusing on fund investments, due diligence and portfolio management, including ESG and sustainability. She has also held senior executive roles, including Managing Director of DAI Southern Africa. Dr Manning holds a Doctor of Philosophy and a Master of Philosophy from the University of Sussex, as well as a Bachelor of Arts (Honours) from the University of Natal. Dr Mnganga is an experienced business leader and non-executive director with extensive listed-company board experience. She currently serves on the boards of Altron, Adcorp and Exxaro, and has previously chaired Crookes Brothers South Africa and Novus Holdings, while also serving for many years on the board of The Spar Group. Her executive career includes senior roles at Gold Circle Group, Tongaat-Hulett and Deloitte Consulting, with responsibilities spanning business transformation, organisational development, human capital management and stakeholder engagement. She is the founder of Lehumo Women’s Investment Holdings, a women-owned investment company focused on infrastructure-related investments. Dr Mnganga holds a PhD in Social Entrepreneurship from Wits Business School and a Master’s in Business Leadership from the University of South Africa, together with qualifications in arts, education and psychology from the University of KwaZulu-Natal. The Board performed fit and proper assessments, in terms of sections 5.6 and 6.73 of the JSE Listings Requirements, of Dr Manning and Dr Mnganga, before they were appointed as directors and is satisfied with the outcome of the assessments. The assessments by the Board included an investigation into their backgrounds, including independent verifications of qualifications.
お知らせ • Apr 27Old Mutual Limited Announces Board and Committee ChangesOld Mutual Limited announced changes to its board of directors and committees in compliance with paragraph 6.71 of the JSE Listings Requirements. Mr. Stewart van Graan, aged 70, will step down as Chairman of the Technology and Platforms Committee and member of the Corporate Governance and Nomination Committee and will be succeeded in those positions by Dr Brian Armstrong, aged 65, with effect from the close of the Annual General Meeting on June 5, 2026. Mr. van Graan will retire from the Board during the course of the year once the new Board appointments, currently underway, assume their positions. Dr Armstrong, a director since 2020, holds BSc (Eng), MSc (Eng) and PhD qualifications and is Professor of Practice in Digital Transformation at the Gordon Institute of Business Science effective May 1, 2026. He is widely recognised as a leading expert in ICT and digital transformation, with extensive experience across information technology, listed companies, remuneration and performance management, and strategy. He currently serves on the Responsible Business, Related Party Transactions and Technology & Platforms Committees. Mr. Itumeleng Kgaboesele, aged 54, will step down from the Audit and Actuarial Committees at the close of the AGM. He will remain on the Board and continue to serve as Chairman of the Remuneration Committee until he concludes his Board tenure on December 31, 2026. Upon assuming the chairmanship of the Company at the conclusion of the AGM, Chairman-designate Roger Jardine will chair the Corporate Governance and Nomination Committee and step down from the Remuneration and Responsible Business Committees. Further appointments to the Board will, subject to customary regulatory approvals, be announced in due course.
お知らせ • Apr 09Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU).Absa Capital Securities Proprietary Limited acquired an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026. Absa Capital Securities Proprietary Limited completed the acquisition of an additional minority stake in Old Mutual Limited (JSE:OMU) on April 7, 2026.
Upcoming Dividend • Apr 02Upcoming dividend of R0.56 per shareEligible shareholders must have bought the stock before 08 April 2026. Payment date: 13 April 2026. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (7.9%). Higher than average of industry peers (4.1%).
Declared Dividend • Mar 19Final dividend increased to R0.56Dividend of R0.56 is 7.7% higher than last year. Ex-date: 8th April 2026 Payment date: 13th April 2026 Dividend yield will be 6.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (2% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 19Old Mutual Limited Announces Retirement Trevor Manuel as Chairman, Effective 5 June 2026Old Mutual Limited announced that Mr. Trevor Manuel, Chairman of Old Mutual, who turned 70 in January 2026, the retirement age for directors as set out in the Board Charter, will retire as Chairman and as a director of the Company upon the close of the AGM.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 17Old Mutual Limited, Annual General Meeting, Jun 05, 2026Old Mutual Limited, Annual General Meeting, Jun 05, 2026.
お知らせ • Feb 23+ 1 more updateOld Mutual Limited to Report First Half, 2026 Results on Sep 08, 2026Old Mutual Limited announced that they will report first half, 2026 results on Sep 08, 2026
分析記事 • Jan 23Investor Optimism Abounds Old Mutual Limited (JSE:OMU) But Growth Is LackingWith a median price-to-earnings (or "P/E") ratio of close to 10x in South Africa, you could be forgiven for feeling...
Recent Insider Transactions • Nov 17CEO & Director recently bought R10.0m worth of stockOn the 11th of November, Johann Strydom bought around 753k shares on-market at roughly R13.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johann's only on-market trade for the last 12 months.
ナラティブ更新 • Oct 29Digital Transformation And Sustainability Will Reshape Financial ServicesOld Mutual's analyst price target has been raised from R13.18 to R13.98. This reflects increased optimism from analysts based on improved profit margin projections and a lower discount rate.
Major Estimate Revision • Sep 26Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS increased from R1.68 to R2.05. Revenues were reaffirmed at R27.8b. Net income forecast to grow 23% next year vs 7.9% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R13.70. Share price was steady at R13.41 over the past week.
Upcoming Dividend • Sep 25Upcoming dividend of R0.37 per shareEligible shareholders must have bought the stock before 01 October 2025. Payment date: 06 October 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of South African dividend payers (8.3%). Higher than average of industry peers (4.1%).
Reported Earnings • Sep 11First half 2025 earnings released: EPS: R0.96 (vs R1.20 in 1H 2024)First half 2025 results: EPS: R0.96 (down from R1.20 in 1H 2024). Revenue: R55.5b (up 5.6% from 1H 2024). Net income: R4.10b (down 22% from 1H 2024). Profit margin: 7.4% (down from 10.0% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 25% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Sep 10Old Mutual Limited (JSE:OMU) announces an Equity Buyback for ZAR 3,000 million worth of its shares.Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to ZAR 3,000 million worth of its shares.
お知らせ • Jul 07Old Mutual Limited Appoints Prabashini Moodley as Chief Executive Officer of New Life & Savings Segment, Effective 1 August 2025Shareholders are hereby notified of the appointment of Ms. Prabashini Moodley as Chief Executive Officer (CEO) of Old Mutual's newly configured Life and Savings segment, effective 1 August 2025. Prabashini will report directly to the Group CEO, Jurie Strydom. The Life and Savings segment will consist of four business units namely, Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding banking. The Managing Directors of these business units will report to Prabashini. The formation of the Life and Savings segment will ultimately enable more effective delivery to customers and intermediaries in South Africa and greater leveraging of the benefits of scale efficiencies in key areas. Prabashini is currently the Managing Director of Old Mutual Corporate and has enjoyed a long and successful career at Old Mutual. She joined the Group in 2002 and qualified as an actuary shortly thereafter. Prabashini also holds a Global Executive MBA from IESE Business School and has served in various roles across Personal Finance, Old Mutual Investment Group, and the MFC, including four years as the MFC's Chief Financial Officer. Her international experience includes a tenure at Skandia México, where she established and led a customer segment business. These changes reflect Old Mutual's continued commitment to enhancing organisational effectiveness, driving operational efficiency, and delivering sustainable value to customers and all stakeholders.
分析記事 • Jun 25Old Mutual Limited's (JSE:OMU) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that Old Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 6.7x right now...
お知らせ • May 30Old Mutual Limited Announces Board ElectionsOld Mutual Limited announced that at its AGM held on May 30, 2025, shareholders approved the election of Brian Armstrong, Jaco Langner, Sizeka Magwentshu-Rensburg, Trevor Manuel, James Mwangi and Iain Williamson as member of the responsible business committee.
分析記事 • May 28Should You Be Adding Old Mutual (JSE:OMU) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
お知らせ • May 09Old Mutual Limited Announces CEO ChangesOld Mutual Limited announced appointment of Mr. Jurie Strydom as its Chief Executive Officer of the company. To ensure a smooth, managed, and rapid transition of executive authority and subject to regulatory approvals, Jurie will commence working as CEO designate, alongside CEO Iain Williamson until the conclusion of the Annual General Meeting ("AGM") on 30 May 2025, when he will become CEO with effect from 1 June 2025. Iain Williamson will continue as Board director until the conclusion of the AGM; and then remain available to advise and support the CEO and Board until his retirement on 31 August 2025. A qualified actuary and graduate of the University of Cape Town, Jurie also holds an MBA from the Massachusetts Institute of Technology, and qualified as a Chartered Financial Analyst ("CFA") from the CFA Institute in the United States. A highly experienced leader with decades of top management and board experience in financial services and insurance, he has served as CEO of Sanlam Life and Savings, Regent Insurance Group, Alexander Forbes Life, and was Executive Director at Imperial Holdings. Jurie is a fintech investor and the Chairman of FSPHub* as well as the Chairman of Common Good, a not-for-profit company that creates transformational opportunities for underprivileged communities in the areas of early childhood support, education and employment.
お知らせ • May 06Old Mutual Limited to Report First Half, 2025 Results on Sep 10, 2025Old Mutual Limited announced that they will report first half, 2025 results on Sep 10, 2025
新しいナラティブ • May 04Digital Transformation And Sustainability Will Reshape Financial Services The launch of OM Bank and digital transformation initiatives are key growth drivers, enhancing revenue and net margins through efficient cost structures and operational efficiencies.
お知らせ • Apr 16Old Mutual Limited, Annual General Meeting, May 30, 2025Old Mutual Limited, Annual General Meeting, May 30, 2025. Location: the auditorium, ground floor, mutual place, 107 rivonia road, sandton, johannesburg South Africa
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to R10.25, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Insurance industry in South Africa. Total loss to shareholders of 7.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R5.37 per share.
Upcoming Dividend • Apr 03Upcoming dividend of R0.52 per shareEligible shareholders must have bought the stock before 09 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 7.9%. Lower than top quartile of South African dividend payers (8.6%). Higher than average of industry peers (4.0%).
Major Estimate Revision • Apr 03Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R1.73 to R2.15. Revenue forecast unchanged at R29.8b. Net income forecast to grow 26% next year vs 9.1% growth forecast for Insurance industry in South Africa. Consensus price target down from R13.89 to R13.49. Share price fell 11% to R10.89 over the past week.
Declared Dividend • Mar 20Final dividend increased to R0.52Dividend of R0.52 is 6.1% higher than last year. Ex-date: 9th April 2025 Payment date: 14th April 2025 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: R1.76 (vs R1.58 in FY 2023)Full year 2024 results: EPS: R1.76 (up from R1.58 in FY 2023). Revenue: R105.2b (up 6.0% from FY 2023). Net income: R7.67b (up 8.5% from FY 2023). Profit margin: 7.3% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • Mar 18Benign Growth For Old Mutual Limited (JSE:OMU) Underpins Its Share PriceOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 6.3x might make it look like a buy right now...
お知らせ • Mar 18Old Mutual Board Declares Final Dividend for the Year Ended 31 December 2024, Payable on 14 April 2025 (South African Register) and 7 May 2025 (UK Register)The Old Mutual Board declared a final dividend of 52 cents per share. This results in a full year dividend of 86 cents per share and a dividend cover of 1.6 times for the year ended 31 December 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the final dividend from the prior year was due to resilient operational performance and strong capital and liquidity position. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record Date: 11 April 2025, Payment Date: 14 April 2025 (South African register) and 7 May 2025 (UK register), Ex-Dividend Dates: 9 April 2025 (South African register) and 10 April 2025 (UK register).
お知らせ • Feb 19Old Mutual Limited to Report Fiscal Year 2024 Results on Mar 18, 2025Old Mutual Limited announced that they will report fiscal year 2024 results on Mar 18, 2025
お知らせ • Feb 17+ 1 more updateOld Mutual Limited Announces Retirement of Iain Williamson as Chief Executive Officer, Effective 31 August 2025Old Mutual Limited announced that Mr. Iain Williamson will take early retirement and step down as chief executive officer (CEO) of the company on 31 August 2025. The board has accepted Mr. Williamson's request to take early retirement after 32 years with the Old Mutual Group, the last five as CEO, and extends its heartfelt thanks for his remarkable commitment and service to the company, its clients and the industry. He will leave Old Mutual a stronger, more resilient and more innovative company that is ideally positioned to grow and thrive into the future. Iain will work with the Old Mutual Board and his successor, upon their appointment, to ensure a smooth and managed handover.
分析記事 • Nov 20Earnings Working Against Old Mutual Limited's (JSE:OMU) Share PriceOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 7x might make it look like a buy right now...
お知らせ • Nov 20Old Mutual Limited (JSE:OMU) announces an Equity Buyback for 81,000,000 shares, for ZAR 1,000 million.Old Mutual Limited (JSE:OMU) announces a share repurchase program. Under the program, the company will repurchase up to 81,000,000 shares, for ZAR 1,000 million. The repurchased shares will be cancelled as issued shares and will revert to authorized but unissued share capital status. The program is till maximum amount is reached.
分析記事 • Oct 25If EPS Growth Is Important To You, Old Mutual (JSE:OMU) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Declared Dividend • Sep 29First half dividend increased to R0.34Dividend of R0.34 is 6.3% higher than last year. Ex-date: 16th October 2024 Payment date: 21st October 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.6% over the next 3 years. However, it would need to fall by 49% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Sep 27First half 2024 earnings released: EPS: R1.20 (vs R0.97 in 1H 2023)First half 2024 results: EPS: R1.20 (up from R0.97 in 1H 2023). Revenue: R52.5b (up 8.5% from 1H 2023). Net income: R5.24b (up 20% from 1H 2023). Profit margin: 10.0% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 40% decline forecast for the Insurance industry in South Africa. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Sep 26Old Mutual Limited Declares Interim Dividend for the Half Year Ended 30 June 2024, Payable on 21 October 2024 and 15 November 2024The Old Mutual Board declared an interim dividend of 34 cents per share. This results in a dividend cover of 2.0 times for the half year ended 30 June 2024, which is in line with Old Mutual's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The growth in the interim dividend from the prior period was due to the company's resilient operational performance and strong capital and liquidity position. The interim dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is on 16 October 2024. Ex-dividend date for shareholders on the UK register on 17 October 2024. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is on Close of business on 18 October 2024. Record date (UK register) is on 18 October 2024. Interim dividend payment date(JSE, MSE, NSX, ZSE) is on 21 October 2024 and (LSE) on 15 November 2024.
お知らせ • Sep 10Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2024Old Mutual Limited provided earnings guidance for the six months Ended 30 June 2024. For the period, the company expects Basic EPS of 115.1 cents to 124.7 cents.
お知らせ • Aug 09Old Mutual Limited to Report First Half, 2024 Results on Sep 26, 2024Old Mutual Limited announced that they will report first half, 2024 results on Sep 26, 2024
分析記事 • Jul 29There Is A Reason Old Mutual Limited's (JSE:OMU) Price Is UndemandingOld Mutual Limited's ( JSE:OMU ) price-to-earnings (or "P/E") ratio of 7.4x might make it look like a buy right now...
お知らせ • Jul 25An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU).An undisclosed buyer acquired an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024. After completion, Old Mutual now holds 4.65% stake in Mustek. An undisclosed buyer completed the acquisition of an unknown minority stake in Mustek Limited (JSE:MST) from Old Mutual Limited (JSE:OMU) on July 24, 2024.
分析記事 • Jun 21Here's Why We Think Old Mutual (JSE:OMU) Might Deserve Your Attention TodayFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to R12.21, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Insurance industry in South Africa. Total returns to shareholders of 34% over the past three years.
お知らせ • Apr 13Old Mutual Limited, Annual General Meeting, May 31, 2024Old Mutual Limited, Annual General Meeting, May 31, 2024, at 09:00 Coordinated Universal Time.
分析記事 • Apr 13Old Mutual (JSE:OMU) Is Due To Pay A Dividend Of ZAR0.49Old Mutual Limited's ( JSE:OMU ) investors are due to receive a payment of ZAR0.49 per share on 22nd of April. However...
お知らせ • Apr 13Albert Essien Not Available for Reelection from Board of Old Mutual LimitedOld Mutual Limited announced that Albert Essien will reach the maximum tenure on the Board in 2024 and has indicated that he will not be available for re-election. Albert will therefore step down from the Board with effect from the conclusion of the AGM on 31 May 2024.
Upcoming Dividend • Apr 12Upcoming dividend of R0.49 per shareEligible shareholders must have bought the stock before 17 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 96%. Trailing yield: 7.6%. Lower than top quartile of South African dividend payers (9.1%). Higher than average of industry peers (4.9%).
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from R1.89 to R1.62. Revenue forecast unchanged from R27.3b at last update. Net income forecast to grow 4.4% next year vs 11% growth forecast for Insurance industry in South Africa. Consensus price target broadly unchanged at R14.79. Share price fell 2.8% to R11.42 over the past week.
分析記事 • Mar 30Old Mutual (JSE:OMU) Is Due To Pay A Dividend Of ZAR0.49Old Mutual Limited ( JSE:OMU ) will pay a dividend of ZAR0.49 on the 22nd of April. This means the annual payment is...
Declared Dividend • Mar 29Final dividend reduced to R0.49Dividend of R0.49 is 3.9% lower than last year. Ex-date: 17th April 2024 Payment date: 22nd April 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Mar 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (92% cash payout ratio).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: R1.58 (vs R1.66 in FY 2022)Full year 2023 results: EPS: R1.58 (down from R1.66 in FY 2022). Revenue: R99.3b (down 5.9% from FY 2022). Net income: R7.07b (down 3.5% from FY 2022). Profit margin: 7.1% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Mar 27Old Mutual Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 22 April 2024The Old Mutual Limited Board declared a final dividend of 49 cents per share. This results in a full year dividend of 81 cents per share and a dividend cover of 1.5 times for the 2023 year, which is in line with company's dividend cover target range of 1.5x to 2.0x adjusted headline earnings over the financial year. The final dividend will be paid out of distributable income reserves to all ordinary shareholders recorded on the record date. Record date (South African register and Malawi, Namibia and Zimbabwe branch registers) is April 19, 2024. Record date (UK register) is April 19, 2024. Final dividend payment date (JSE, MSE, NSX, ZSE is April 22, 2024). Final dividend payment date (LSE) is May 21, 2024. Ex-dividend date for shareholders on the South African register and Malawi, Namibia and Zimbabwe branch registers is April 17, 2024. Ex-dividend date for shareholders on the UK register is 18 April 2024.
お知らせ • Mar 14Old Mutual Limited Provides Earnings Guidance for the Year Ended 31 December 2023Old Mutual Limited provided earnings guidance for the year ended 31 December 2023. For the year, the company expects IFRS profit after tax attributable to equity holders of the parent to be in the range of ZAR 6,540 million to ZAR 7,586 million and Basic EPS to be in the range of 146.7 cents to 169.8 cents.
お知らせ • Dec 06Old Mutual Limited Announces Directorate ChangeOld Mutual Limited announced the appointment of Busisiwe Silwanyana and Johann (Jurie) Strydom as independent non-executive directors. Both directors will serve on the Actuarial, Audit and Risk committees. Busi Silwanyana (CA)SA holds a BCom (Financial Accounting), BCom (Hons) and Postgraduate Diploma in Accounting from the University of Cape Town and an MBA from Durham University in the United Kingdom, and is a member of The South African Institute of Chartered Accountants (SAICA). Jurie Strydom holds aBBusSc (Hons) from the University of Cape Town in Actuarial Science, is a Fellow of the Institute of Actuaries in the United Kingdom, a CFA Charterholder from the CFA Institute in the United States and an MBA from Massachusetts Institute of Technology (Sloan Fellow).
お知らせ • Oct 05+ 1 more updateOld Mutual Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Old Mutual Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
お知らせ • Sep 27Old Mutual Limited Declares an Interim Dividend, Payable on 23 October 2023The Old Mutual Limited Board declared an interim dividend of 32 cents per ordinary share, which amounts to 50% of adjusted headline earnings. The interim dividend will be paid out of income reserves. The growth in the interim dividend from the prior period is as a result of robust operational performance and strong capital and liquidity position. The interim dividend is in line with Old Mutual's dividend policy, which targets an ordinary dividend cover of 1.50 times to 2.00 times of adjusted headline earnings over the financial year. Shareholders on the London, Zimbabwean, Malawian and Namibian registers will be paid in the local currency equivalents of the interim dividend. Final dividend payment date on the South African register and Malawi, Namibia and Zimbabwe branch registers: Payable date for JSE, MSE, NSX, ZSE: 23 October 2023. Payable date for LSE: 17 November 2023.
お知らせ • Sep 13Old Mutual Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Old Mutual Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expects Basic EPS (cents) of 86.0 cents - 107.4 cents. Headline earnings of SAR 3,884 Million- SAR 4,834 Million. HEPS (cents) of 86.3 cents - 107.3 cents, and Results from operations of SAR 3,939 Million - SAR 4,790 Million. IFRS profit after tax attributable to equity holders of the parent of SAR 3,869 million - SAR 4,836 million.
お知らせ • Jul 07Old Mutual Limited to Report First Half, 2023 Results on Sep 27, 2023Old Mutual Limited announced that they will report first half, 2023 results on Sep 27, 2023
Upcoming Dividend • Apr 05Upcoming dividend of R0.51 per share at 6.4% yieldEligible shareholders must have bought the stock before 12 April 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of South African dividend payers (9.4%). Higher than average of industry peers (5.7%).
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: R1.66 (vs R1.51 in FY 2021)Full year 2022 results: EPS: R1.66 (up from R1.51 in FY 2021). Revenue: R113.2b (down 54% from FY 2021). Net income: R7.33b (up 10.0% from FY 2021). Profit margin: 6.5% (up from 2.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 82% p.a. on average during the next 2 years, while revenues in the Insurance industry in Africa are expected to grow by 3.7%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 04Old Mutual Limited to Report Fiscal Year 2022 Results on Mar 14, 2023Old Mutual Limited announced that they will report fiscal year 2022 results on Mar 14, 2023
Price Target Changed • Nov 16Price target decreased to R14.27Down from R16.00, the current price target is an average from 4 analysts. New target price is 33% above last closing price of R10.73. Stock is down 26% over the past year. The company is forecast to post earnings per share of R1.90 for next year compared to R1.51 last year.
Price Target Changed • Oct 12Price target decreased to R14.27Down from R16.00, the current price target is an average from 4 analysts. New target price is 50% above last closing price of R9.50. Stock is down 42% over the past year. The company is forecast to post earnings per share of R1.90 for next year compared to R1.51 last year.
Price Target Changed • Oct 05Price target decreased to R15.60Down from R17.00, the current price target is an average from 3 analysts. New target price is 62% above last closing price of R9.63. Stock is down 42% over the past year. The company is forecast to post earnings per share of R2.40 for next year compared to R1.51 last year.
Upcoming Dividend • Sep 14Upcoming dividend of R0.25 per shareEligible shareholders must have bought the stock before 21 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of South African dividend payers (8.8%). Higher than average of industry peers (5.4%).
Major Estimate Revision • Sep 06Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from R20.7b to R21.1b. EPS estimate increased from R1.61 to R1.90 per share. Net income forecast to grow 7.6% next year vs 13% growth forecast for Insurance industry in South Africa. Consensus price target down from R17.00 to R16.00. Share price was steady at R10.51 over the past week.
Reported Earnings • Sep 01First half 2022 earnings released: EPS: R1.18 (vs R0.68 in 1H 2021)First half 2022 results: EPS: R1.18 (up from R0.68 in 1H 2021). Revenue: R8.91b (down 93% from 1H 2021). Net income: R5.22b (up 75% from 1H 2021). Profit margin: 59% (up from 2.5% in 1H 2021). Over the next year, revenue is expected to shrink by 84% compared to a 53% decline forecast for the Insurance industry in South Africa. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 06Upcoming dividend of R0.51 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of South African dividend payers (7.3%). Higher than average of industry peers (4.3%).
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: R1.51 (up from R1.16 loss in FY 2020). Revenue: R245.3b (up 78% from FY 2020). Net income: R6.66b (up R11.8b from FY 2020). Profit margin: 2.7% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 343%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the next year, revenue is expected to shrink by 92% compared to a 52% decline forecast for the insurance industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Mar 17Consensus EPS estimates increase by 41%The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from R18.9b to R19.7b. EPS estimate increased from R1.13 to R1.60 per share. Net income forecast to grow 8.6% next year vs 34% growth forecast for Insurance industry in South Africa. Consensus price target up from R17.85 to R18.26. Share price rose 7.5% to R13.60 over the past week.
Upcoming Dividend • Sep 08Upcoming dividend of R0.25 per shareEligible shareholders must have bought the stock before 15 September 2021. Payment date: 11 October 2021. Trailing yield: 3.2%. Lower than top quartile of South African dividend payers (7.7%). Lower than average of industry peers (4.1%).
Price Target Changed • Sep 07Price target increased to R18.33Up from R16.00, the current price target is an average from 3 analysts. New target price is 19% above last closing price of R15.43. Stock is up 42% over the past year.
Reported Earnings • Sep 05First half 2021 earnings released: EPS R0.68 (vs R1.29 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R120.3b (up 248% from 1H 2020). Net income: R2.98b (up R8.61b from 1H 2020). Profit margin: 2.5% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Executive Departure • May 26Lead Independent Director has left the companyOn the 21st of May, Peter de Beyer's tenure as Lead Independent Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Peter's name. A total of 3 executives have left over the last 12 months.
Executive Departure • May 26Independent Non-Executive Director has left the companyOn the 21st of May, Matthys du Toit's tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Matthys' name. A total of 3 executives have left over the last 12 months.
Upcoming Dividend • Apr 08Upcoming dividend of R0.35 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 24 May 2021. Trailing yield: 2.6%. Lower than top quartile of South African dividend payers (7.8%). Lower than average of industry peers (4.1%).
Reported Earnings • Mar 25Full year 2020 earnings released: R1.16 loss per share (vs R2.06 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: R137.5b (down 21% from FY 2019). Net loss: R5.10b (down 155% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 20New 90-day high: R12.90The company is up 27% from its price of R10.17 on 22 October 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 16% over the same period.
Is New 90 Day High Low • Oct 31New 90-day low: R9.38The company is down 18% from its price of R11.47 on 31 July 2020. The South African market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
Is New 90 Day High Low • Sep 26New 90-day low: R9.49The company is down 19% from its price of R11.71 on 26 June 2020. The South African market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
