CHIA:PDL

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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 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

-6.4%

PDL

-4.7%

AU Capital Markets

-3.9%

AU Market


1 Year Return

-10.4%

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

PDLIndustryMarket
7 Day-6.4%-4.7%-3.9%
30 Day15.1%3.3%1.8%
90 Day9.8%0.8%1.7%
1 Year-5.3%-10.4%-1.4%-4.9%-6.4%-9.6%
3 Year-30.8%-41.1%26.7%10.9%12.3%-1.9%
5 Year-33.8%-47.6%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

No news available

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$6.39) is trading below our estimate of fair value (A$9.07)

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%).


Next Steps

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.


Next Steps

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


Next Steps

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).


Next Steps

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

NamePositionTenureCompensationOwnership
Emilio Gonzalez
Group CEO10.75yrsAU$2.88m0.60%
A$ 11.4m
Cameron Williamson
Group Chief Financial Officer10.58yrsAU$993.42k0.061%
A$ 1.2m
Richard Brandweiner
CEO of Pendal Australia & Member of Global Executive Committee2.58yrsAU$1.24m0.0081%
A$ 154.2k
Bindesh Savjani
Global Chief Risk Officer1.58yrsAU$1.67m0.011%
A$ 202.0k
Alexandra Altinger
CEO of JOHCM UKno dataAU$592.99kno data
Nicola Scott
Chief Financial Officerno datano datano data
Justin Howell
Chief Operating Officerno datano datano data
Daniel Campbell
Investment Director2.42yrsno datano data
Paul Booth
Head of Data & Technologyno datano datano data
Dale Pereira
Head of Client Solutions2.25yrsno datano data
Ross Blackman
General Counsel & Head of Legalno datano datano data
Amy Johnson
Head of Risk & Compliance2.75yrsno datano data

2.6yrs

Average Tenure

Experienced Management: PDL's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Emilio Gonzalez
Group CEO10.75yrsAU$2.88m0.60%
A$ 11.4m
Deborah Page
Independent Non-Executive Director6.42yrsAU$218.16k0.014%
A$ 258.8k
Andrew Fay
Independent Non-Executive Director9yrsAU$218.16k0.022%
A$ 411.6k
Sally Collier
Independent Non-Executive Director2.25yrsAU$218.16k0.0081%
A$ 155.3k
Kathryn Matthews
Independent Non-Executive Director3.83yrsAU$231.19k0.0085%
A$ 161.8k
Christopher Mark Jones
Independent Non-Executive Director1.83yrsAU$209.42k0.0075%
A$ 142.3k
James Evans
Independent Non-Executive Chairman6.83yrsAU$423.47k0.017%
A$ 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: CHIA
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PDLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2007
PDLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2007
4B5DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:34
End of Day Share Price2020/10/30 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.