VGI Partners Limited is a publicly owned investment manager. More Details
Flawless balance sheet and good value.
Share Price & News
How has VGI Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
AU Capital Markets
1 Year Return
AU Capital Markets
Return vs Industry: VGI underperformed the Australian Capital Markets industry which returned 25.3% over the past year.
Return vs Market: VGI underperformed the Australian Market which returned 36.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is VGI Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StVGI Partners' (ASX:VGI) Shareholders Are Down 10% On Their Shares
2 months ago | Simply Wall StWhat Type Of Shareholders Own The Most Number of VGI Partners Limited (ASX:VGI) Shares?
3 months ago | Simply Wall StAre Dividend Investors Making A Mistake With VGI Partners Limited (ASX:VGI)?
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$6.2) is trading below our estimate of fair value (A$8.2)
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 (16.7x) compared to the Australian Capital Markets industry average (20.5x).
PE vs Market: VGI is good value based on its PE Ratio (16.7x) compared to the Australian market (20.6x).
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 (3.3x) compared to the AU Capital Markets industry average (1.3x).
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 high quality earnings.
Growing Profit Margin: VGI's current net profit margins (45.4%) are higher than last year (42.1%).
Past Earnings Growth Analysis
Earnings Trend: VGI's earnings have grown by 9.4% per year over the past 5 years.
Accelerating Growth: VGI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VGI had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Capital Markets industry average (-2.1%).
Return on Equity
High ROE: VGI's Return on Equity (19.5%) is considered low.
How is VGI Partners's financial position?
Financial Position Analysis
Short Term Liabilities: VGI's short term assets (A$73.7M) exceed its short term liabilities (A$14.5M).
Long Term Liabilities: VGI's short term assets (A$73.7M) exceed its long term liabilities (A$5.1M).
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 (5.32%) is higher than the bottom 25% of dividend payers in the Australian market (2.08%).
High Dividend: VGI's dividend (5.32%) is in the top 25% of dividend payers in the Australian market (5.21%)
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 has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.8%), VGI's 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 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, Inc., an...
Experienced Board: VGI's board of directors are not considered experienced ( 2.5 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 company bio, 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$413.099m
- Shares outstanding: 69.78m
- Website: https://www.vgipartners.com
Number of Employees
- VGI Partners Limited
- 39 Phillip Street
- New South Wales
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, Corporation...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/11 08:04|
|End of Day Share Price||2021/05/11 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.