VGI Partners Limited is a publicly owned investment manager.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$5.04|
|52 Week High||AU$5.01|
|52 Week Low||AU$8.77|
|1 Month Change||-18.71%|
|3 Month Change||-28.91%|
|1 Year Change||-29.71%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-50.78%|
Recent News & Updates
VGI Partners (ASX:VGI) Is Paying Out A Larger Dividend Than Last Year
VGI Partners Limited ( ASX:VGI ) will increase its dividend on the 10th of September to AU$0.31. This makes the...
What Type Of Shareholders Own The Most Number of VGI Partners Limited (ASX:VGI) Shares?
A look at the shareholders of VGI Partners Limited ( ASX:VGI ) can tell us which group is most powerful. Large...
|VGI||AU Capital Markets||AU Market|
Return vs Industry: VGI underperformed the Australian Capital Markets industry which returned 22.7% over the past year.
Return vs Market: VGI underperformed the Australian Market which returned 20.3% over the past year.
Stable Share Price: VGI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: VGI's weekly volatility (5%) has been stable over the past year.
About the Company
VGI Partners Limited is a publicly owned investment manager. The firm primarily provides its services to high net worth individuals, family offices, endowment funds, Pooled investment vehicles, Corporations or other businesses and other wholesale clients. The firm invests in public equity markets across the globe.
VGI Partners Fundamentals Summary
|VGI fundamental statistics|
Is VGI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VGI income statement (TTM)|
|Cost of Revenue||AU$13.15m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.94|
|Net Profit Margin||56.20%|
How did VGI perform over the long term?See historical performance and comparison
11.7%Current Dividend Yield
Is VGI Partners undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VGI (A$5.04) is trading below our estimate of fair value (A$10.59)
Significantly Below Fair Value: VGI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VGI is good value based on its PE Ratio (5.4x) compared to the Australian Capital Markets industry average (16.8x).
PE vs Market: VGI is good value based on its PE Ratio (5.4x) compared to the Australian market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VGI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VGI is overvalued based on its PB Ratio (2.3x) compared to the AU Capital Markets industry average (1.4x).
How is VGI Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VGI Partners has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has VGI Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VGI has a high level of non-cash earnings.
Growing Profit Margin: VGI's current net profit margins (56.2%) are higher than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: VGI's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: VGI's earnings growth over the past year (492.3%) exceeds its 5-year average (22% per year).
Earnings vs Industry: VGI earnings growth over the past year (492.3%) exceeded the Capital Markets industry 12.8%.
Return on Equity
High ROE: VGI's Return on Equity (41.8%) is considered outstanding.
How is VGI Partners's financial position?
Financial Position Analysis
Short Term Liabilities: VGI's short term assets (A$101.4M) exceed its short term liabilities (A$28.7M).
Long Term Liabilities: VGI's short term assets (A$101.4M) exceed its long term liabilities (A$4.8M).
Debt to Equity History and Analysis
Debt Level: VGI is debt free.
Reducing Debt: VGI has not had any debt for past 5 years.
Debt Coverage: VGI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VGI has no debt, therefore coverage of interest payments is not a concern.
What is VGI Partners's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VGI's dividend (11.71%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: VGI's dividend (11.71%) is in the top 25% of dividend payers in the Australian market (5.28%)
Stability and Growth of Payments
Stable Dividend: VGI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VGI's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63%), VGI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Jonathan Adrian Howie M.App., Fin. (UMACQ), MBA (MGSM), serves as Chief Executive Officer at VGI Partners Limited since April 12, 2021. He serves as Head of Equity Index Strategy - APAC at BlackRock, I...
Experienced Board: VGI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VGI Partners Limited's employee growth, exchange listings and data sources
- Name: VGI Partners Limited
- Ticker: VGI
- Exchange: ASX
- Founded: 2008
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: AU$352.521m
- Shares outstanding: 69.81m
- Website: https://www.vgipartners.com
Number of Employees
- VGI Partners Limited
- 39 Phillip Street
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 07:04|
|End of Day Share Price||2021/10/19 00:00|
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.