Pendal Group
Market Cap
AU$1.9b
Last Updated
2020/10/31 10:35 UTC
Data Sources
Company Financials +
Executive Summary
Pendal Group Limited is a publicly owned investment manager the firm provides its services to individual and institutional clients. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Pendal Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PDL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.9%
PDL
-4.7%
AU Capital Markets
-3.9%
AU Market
1 Year Return
-9.3%
PDL
-4.9%
AU Capital Markets
-9.6%
AU Market
Return vs Industry: PDL underperformed the Australian Capital Markets industry which returned -4.9% over the past year.
Return vs Market: PDL matched the Australian Market which returned -9.6% over the past year.
Shareholder returns
| PDL | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.9% | -4.7% | -3.9% |
| 30 Day | 16.8% | 3.3% | 1.8% |
| 90 Day | 11.2% | 0.8% | 1.7% |
| 1 Year | -4.1%-9.3% | -1.4%-4.9% | -6.4%-9.6% |
| 3 Year | -29.9%-40.4% | 26.7%10.9% | 12.3%-1.9% |
| 5 Year | -33.1%-47.1% | 59.8%26.7% | 40.0%11.3% |
Price Volatility Vs. Market
How volatile is Pendal Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Why Investors Shouldn't Be Surprised By Pendal Group Limited's (ASX:PDL) Low P/E1 month ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With Pendal Group Limited's (ASX:PDL) Dividend?1 month ago | Simply Wall St
How Much Are Pendal Group Limited (ASX:PDL) Insiders Spending On Buying Shares?Valuation
Is Pendal Group undervalued compared to its fair value and its price relative to the market?
29.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PDL (A$6.47) is trading below our estimate of fair value (A$9.18)
Significantly Below Fair Value: PDL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PDL is good value based on its PE Ratio (13.3x) compared to the AU Capital Markets industry average (23x).
PE vs Market: PDL is good value based on its PE Ratio (13.3x) compared to the Australian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: PDL is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: PDL is overvalued based on its PB Ratio (2.1x) compared to the AU Capital Markets industry average (1.2x).
Next Steps
Future Growth
How is Pendal Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
9.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PDL's forecast earnings growth (9% per year) is above the savings rate (2.3%).
Earnings vs Market: PDL's earnings (9% per year) are forecast to grow slower than the Australian market (17.6% per year).
High Growth Earnings: PDL's earnings are forecast to grow, but not significantly.
Revenue vs Market: PDL's revenue (6.1% per year) is forecast to grow faster than the Australian market (4.8% per year).
High Growth Revenue: PDL's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PDL's Return on Equity is forecast to be low in 3 years time (18.9%).
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Past Performance
How has Pendal Group performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PDL has high quality earnings.
Growing Profit Margin: PDL's current net profit margins (28.3%) are lower than last year (30.6%).
Past Earnings Growth Analysis
Earnings Trend: PDL's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: PDL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PDL had negative earnings growth (-13.4%) over the past year, making it difficult to compare to the Capital Markets industry average (-7.9%).
Return on Equity
High ROE: PDL's Return on Equity (15.5%) is considered low.
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Financial Health
How is Pendal Group's financial position?
Financial Position Analysis
Short Term Liabilities: PDL's short term assets (A$241.3M) exceed its short term liabilities (A$134.7M).
Long Term Liabilities: PDL's short term assets (A$241.3M) exceed its long term liabilities (A$56.1M).
Debt to Equity History and Analysis
Debt Level: PDL is debt free.
Reducing Debt: PDL has no debt compared to 5 years ago when its debt to equity ratio was 8.2%.
Debt Coverage: PDL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PDL has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Pendal Group current dividend yield, its reliability and sustainability?
6.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PDL's dividend (6.18%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: PDL's dividend (6.18%) is in the top 25% of dividend payers in the Australian market (5.53%)
Stability and Growth of Payments
Stable Dividend: PDL's dividend payments have been volatile in the past 10 years.
Growing Dividend: PDL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82%), PDL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PDL's dividends in 3 years are forecast to be covered by earnings (83.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Emilio Gonzalez
10.75yrs
Tenure
AU$2,879,169
Compensation
Mr. Emilio Gonzalez, BCom (Ec) CFA is serving as Director at JOHCM (USA) Inc. He has been the Group Chief Executive Officer and Managing Director at Pendal Group Limited (formerly known as BT Investment Ma ...
CEO Compensation Analysis
Compensation vs Market: Emilio's total compensation ($USD2.03M) is above average for companies of similar size in the Australian market ($USD1.33M).
Compensation vs Earnings: Emilio's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 10.75yrs | AU$2.88m | 0.60% A$ 11.4m | |
| Group Chief Financial Officer | 10.58yrs | AU$993.42k | 0.061% A$ 1.2m | |
| CEO of Pendal Australia & Member of Global Executive Committee | 2.58yrs | AU$1.24m | 0.0081% A$ 154.2k | |
| Global Chief Risk Officer | 1.58yrs | AU$1.67m | 0.011% A$ 202.0k | |
| CEO of JOHCM UK | no data | AU$592.99k | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Chief Operating Officer | no data | no data | no data | |
| Investment Director | 2.42yrs | no data | no data | |
| Head of Data & Technology | no data | no data | no data | |
| Head of Client Solutions | 2.25yrs | no data | no data | |
| General Counsel & Head of Legal | no data | no data | no data | |
| Head of Risk & Compliance | 2.75yrs | no data | no data |
2.6yrs
Average Tenure
Experienced Management: PDL's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 10.75yrs | AU$2.88m | 0.60% A$ 11.4m | |
| Independent Non-Executive Director | 6.42yrs | AU$218.16k | 0.014% A$ 258.8k | |
| Independent Non-Executive Director | 9yrs | AU$218.16k | 0.022% A$ 411.6k | |
| Independent Non-Executive Director | 2.25yrs | AU$218.16k | 0.0081% A$ 155.3k | |
| Independent Non-Executive Director | 3.83yrs | AU$231.19k | 0.0085% A$ 161.8k | |
| Independent Non-Executive Director | 1.83yrs | AU$209.42k | 0.0075% A$ 142.3k | |
| Independent Non-Executive Chairman | 6.83yrs | AU$423.47k | 0.017% A$ 323.6k |
6.4yrs
Average Tenure
60yo
Average Age
Experienced Board: PDL's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Top Shareholders
Company Information
Pendal Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pendal Group Limited
- Ticker: PDL
- Exchange: ASX
- Founded: 2007
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$1.905b
- Shares outstanding: 294.51m
- Website: https://www.pendalgroup.com
Number of Employees
Location
- Pendal Group Limited
- The Chifley Tower
- Level 14
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PDL | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2007 |
| PDL | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2007 |
| 4B5 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2007 |
Biography
Pendal Group Limited is a publicly owned investment manager the firm provides its services to individual and institutional clients. It launches and manages equity, fixed income, multi-assets and balanced m ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/31 10:35 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.