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Market Cap

AU$2.0b

Last Updated

2021/04/12 08:42 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


Snowflake Analysis

Flawless balance sheet and good value.


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 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PDL's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

7.2%

PDL

2.1%

AU Capital Markets

2.6%

AU Market


1 Year Return

41.1%

PDL

34.5%

AU Capital Markets

37.1%

AU Market

Return vs Industry: PDL exceeded the Australian Capital Markets industry which returned 32.7% over the past year.

Return vs Market: PDL exceeded the Australian Market which returned 35.6% over the past year.


Shareholder returns

PDLIndustryMarket
7 Day7.2%2.1%2.6%
30 Day11.9%3.6%3.3%
90 Day2.3%4.9%4.6%
1 Year49.0%41.1%38.8%34.5%41.3%37.1%
3 Year-10.4%-24.3%53.7%36.0%36.2%19.8%
5 Year-10.5%-30.2%117.9%74.9%67.4%34.6%

Long-Term 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

No news available

Valuation

Is Pendal Group undervalued compared to its fair value and its price relative to the market?

29.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PDL (A$6.96) is trading below our estimate of fair value (A$9.91)

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 (17.4x) compared to the AU Capital Markets industry average (21.7x).

PE vs Market: PDL is good value based on its PE Ratio (17.4x) compared to the Australian market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: PDL is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: PDL is overvalued based on its PB Ratio (2.3x) compared to the AU Capital Markets industry average (1.3x).


Future Growth

How is Pendal Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PDL's forecast earnings growth (10.8% per year) is above the savings rate (2%).

Earnings vs Market: PDL's earnings (10.8% per year) are forecast to grow slower than the Australian market (15.4% per year).

High Growth Earnings: PDL's earnings are forecast to grow, but not significantly.

Revenue vs Market: PDL's revenue (7% per year) is forecast to grow faster than the Australian market (5.8% per year).

High Growth Revenue: PDL's revenue (7% 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 (18.5%).


Past Performance

How has Pendal Group performed over the past 5 years?

1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PDL has high quality earnings.

Growing Profit Margin: PDL's current net profit margins (24.9%) are lower than last year (30%).


Past Earnings Growth Analysis

Earnings Trend: PDL's earnings have grown by 1.1% 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 (-24.6%) over the past year, making it difficult to compare to the Capital Markets industry average (-5%).


Return on Equity

High ROE: PDL's Return on Equity (13%) is considered low.


Financial Health

How is Pendal Group's financial position?


Financial Position Analysis

Short Term Liabilities: PDL's short term assets (A$288.6M) exceed its short term liabilities (A$165.3M).

Long Term Liabilities: PDL's short term assets (A$288.6M) exceed its long term liabilities (A$45.3M).


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 4.2%.

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


Dividend

What is Pendal Group current dividend yield, its reliability and sustainability?

5.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PDL's dividend (5.34%) is higher than the bottom 25% of dividend payers in the Australian market (1.99%).

High Dividend: PDL's dividend (5.34%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


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: With its high payout ratio (93.1%), PDL's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PDL's dividends in 3 years are forecast to be covered by earnings (86.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Nick Good

no data

Tenure

AU$4,029,301

Compensation

Mr. Nicholas Michael Whateley Good, also known as Nick, is the Chief Executive Officer and Director at JOHCM (USA) Inc. Mr. Good is the Chief Executive Officer of US JOHCM at Pendal Group since December 2,...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD3.07M) is above average for companies of similar size in the Australian market ($USD1.26M).

Compensation vs Earnings: Insufficient data to compare Nick's compensation with company performance.


Leadership Team

Experienced Management: PDL's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: PDL's board of directors are considered experienced (5.7 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 3.1%.


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: CHIA
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$2.048b
  • Shares outstanding: 295.58m
  • Website: https://www.pendalgroup.com

Number of Employees


Location

  • Pendal Group Limited
  • The Chifley Tower
  • Level 14
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 08:42
End of Day Share Price2021/04/09 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.