View Future GrowthOld Mutual 과거 순이익 실적과거 기준 점검 2/6Old Mutual은 연평균 21.3%의 비율로 수입이 증가해 온 반면, Insurance 산업은 수입이 11.5% 증가했습니다. 매출은 연평균 16.3%의 비율로 감소했습니다. Old Mutual의 자기자본이익률은 14.6%이고 순이익률은 7.1%입니다.핵심 정보21.32%순이익 성장률22.04%주당순이익(EPS) 성장률Insurance 산업 성장률5.90%매출 성장률-16.29%자기자본이익률14.62%순이익률7.13%다음 순이익 업데이트08 Sep 2026최근 과거 실적 업데이트공시 • 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, 2026공시 • 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, 2025공시 • 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, 2025Reported Earnings • Sep 28First 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 decline by 80% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. 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 9% per year, which means it is significantly lagging earnings.공시 • 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, 2024Reported 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 7% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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.공시 • Mar 17Old Mutual Limited, Annual General Meeting, Jun 05, 2026Old Mutual Limited, Annual General Meeting, Jun 05, 2026.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2025공시 • 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 Africa공시 • 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).공시 • 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, 2025공시 • 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.공시 • 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.Declared Dividend • Sep 29First half dividend of R0.34 announcedShareholders will receive a dividend of R0.34. Ex-date: 16th October 2024 Payment date: 21st October 2024 Dividend yield will be 54%, which is higher than the industry average of 3.8%. 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 28First 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 decline by 80% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. 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 9% per year, which means it is significantly lagging earnings.New Risk • Sep 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% 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 Risks Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • Apr 13Old Mutual Limited, Annual General Meeting, May 31, 2024Old Mutual Limited, Annual General Meeting, May 31, 2024, at 09:00 Coordinated Universal Time.Upcoming Dividend • Apr 13Upcoming 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%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%).공시 • 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.Declared Dividend • Mar 29Final dividend of R0.49 announcedShareholders will receive a dividend of R0.49. Ex-date: 17th April 2024 Payment date: 22nd April 2024 Dividend yield will be 90%, which is higher than the industry average of 3.8%. 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 7% per year, which means it is significantly lagging earnings.공시 • 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.공시 • 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.공시 • 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).New Risk • Oct 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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, 2023Buying Opportunity • Jun 23Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 76% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.Buying Opportunity • May 31Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 76% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.Buying Opportunity • May 15Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 77% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.Buying Opportunity • Apr 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 77% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.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%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.6%).Reported Earnings • Mar 18Full 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: R112.7b (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 Germany are expected to grow by 6.0%.공시 • 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, 2023Buying Opportunity • Jan 18Now 22% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to decline by 84% in a year. Earnings is forecast to grow by 5.1% in the next 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%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.0%).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 26% growth forecast for the Insurance industry in Germany.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: 7.4%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (4.6%).Reported Earnings • Mar 28Full year 2021 earnings released: EPS: R1.51 (vs R1.16 loss in FY 2020)Full 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). Over the next year, revenue is expected to shrink by 92% compared to a 20% growth forecast for the insurance industry in Germany.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%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%).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.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: 2.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%).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 38% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 21New 90-day high: €0.69The company is up 39% from its price of €0.49 on 23 October 2020. The German 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 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.56 per share.Is New 90 Day High Low • Nov 12New 90-day high: €0.65The company is up 12% from its price of €0.58 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.46 per share.Is New 90 Day High Low • Sep 25New 90-day low: €0.45The company is down 23% from its price of €0.58 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.41 per share.매출 및 비용 세부 내역Old Mutual가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:2KS 매출, 비용 및 순이익 (ZAR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25117,9708,40812,790030 Sep 25112,7897,46912,349030 Jun 25107,6076,53011,907031 Mar 25106,1347,10011,907031 Dec 24104,6617,66911,907030 Sep 24104,0397,81111,167030 Jun 24103,4167,95210,426031 Mar 24101,3587,50910,426031 Dec 2399,3007,06510,426030 Sep 2395,0125,91010,114030 Jun 2390,7234,7549,802031 Mar 2386,6494,9939,802031 Dec 2282,5745,2319,802030 Sep 22123,6386,87011,323030 Jun 22164,7028,50912,844031 Mar 22204,3087,58618,546031 Dec 21243,9146,66224,247030 Sep 21233,1935,08523,726030 Jun 21222,4723,50823,204031 Mar 21180,007-79423,375031 Dec 20137,542-5,09723,546030 Sep 20122,542-3,57423,634030 Jun 20107,542-2,05223,722031 Mar 20140,3713,61523,399031 Dec 19173,1999,28223,076030 Sep 19157,2777,27923,202030 Jun 19141,3555,27523,328031 Mar 19125,1802,06523,678031 Dec 18109,005-1,14524,028030 Sep 18138,405-2,18324,143030 Jun 18167,805-3,22224,258031 Mar 18171,676-3,04323,936031 Dec 17175,546-2,86423,613030 Sep 17112,642-4,67713,280030 Jun 1751,329-6,1133,452031 Mar 1776,651-4,07311,869031 Dec 16102,437-2,11620,345030 Jun 16246,4619,14160,911031 Mar 16272,47410,45068,786031 Dec 15299,73611,85877,192030 Sep 15304,43513,34577,782030 Jun 15295,65512,70470,7230양질의 수익: 2KS는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 2KS의 현재 순 이익률 (7.1%)은 지난해 (7.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 2KS는 지난 5년 동안 흑자전환하며 연평균 21.3%의 수익 성장을 기록했습니다.성장 가속화: 지난 1년간 2KS 의 수익 증가율(9.6%)은 5년 평균(연간 21.3%)보다 낮습니다.수익 대 산업: 2KS의 지난 1년 수익 증가율(9.6%)은 Insurance 업계 평균(32.1%)을 능가하지 못했습니다.자기자본이익률높은 ROE: 2KS의 자본 수익률(14.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YInsurance 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 22:27종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Old Mutual Limited는 18명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francois Du ToitAnchor Stockbrokers Proprietary LimitedAdrienne DamantAvior Capital MarketsEdward HoughtonBernstein15명의 분석가 더 보기
공시 • 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
공시 • 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
공시 • 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
Reported Earnings • Sep 28First 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 decline by 80% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. 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 9% per year, which means it is significantly lagging earnings.
공시 • 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
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 7% per year, which means it is significantly lagging earnings.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Mar 17Old Mutual Limited, Annual General Meeting, Jun 05, 2026Old Mutual Limited, Annual General Meeting, Jun 05, 2026.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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
공시 • 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).
공시 • 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
공시 • 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.
공시 • 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.
Declared Dividend • Sep 29First half dividend of R0.34 announcedShareholders will receive a dividend of R0.34. Ex-date: 16th October 2024 Payment date: 21st October 2024 Dividend yield will be 54%, which is higher than the industry average of 3.8%. 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 28First 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 decline by 80% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. 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 9% per year, which means it is significantly lagging earnings.
New Risk • Sep 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% 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 Risks Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • Apr 13Old Mutual Limited, Annual General Meeting, May 31, 2024Old Mutual Limited, Annual General Meeting, May 31, 2024, at 09:00 Coordinated Universal Time.
Upcoming Dividend • Apr 13Upcoming 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%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%).
공시 • 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.
Declared Dividend • Mar 29Final dividend of R0.49 announcedShareholders will receive a dividend of R0.49. Ex-date: 17th April 2024 Payment date: 22nd April 2024 Dividend yield will be 90%, which is higher than the industry average of 3.8%. 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 7% per year, which means it is significantly lagging earnings.
공시 • 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.
공시 • 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.
공시 • 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).
New Risk • Oct 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
Buying Opportunity • Jun 23Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 76% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.
Buying Opportunity • May 31Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 76% in 2 years. Earnings is forecast to grow by 27% in the next 2 years.
Buying Opportunity • May 15Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 77% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.
Buying Opportunity • Apr 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 77% in 2 years. Earnings is forecast to grow by 21% in the next 2 years.
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%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.6%).
Reported Earnings • Mar 18Full 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: R112.7b (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 Germany are expected to grow by 6.0%.
공시 • 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
Buying Opportunity • Jan 18Now 22% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to decline by 84% in a year. Earnings is forecast to grow by 5.1% in the next 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%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.0%).
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 26% growth forecast for the Insurance industry in Germany.
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: 7.4%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (4.6%).
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: R1.51 (vs R1.16 loss in FY 2020)Full 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). Over the next year, revenue is expected to shrink by 92% compared to a 20% growth forecast for the insurance industry in Germany.
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%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%).
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.
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: 2.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%).
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 38% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 21New 90-day high: €0.69The company is up 39% from its price of €0.49 on 23 October 2020. The German 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 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.56 per share.
Is New 90 Day High Low • Nov 12New 90-day high: €0.65The company is up 12% from its price of €0.58 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.46 per share.
Is New 90 Day High Low • Sep 25New 90-day low: €0.45The company is down 23% from its price of €0.58 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.41 per share.