AIM:PMI

Stock Analysis Report

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Executive Summary

Premier Miton Group plc is a publicly owned investment manager. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Premier Miton Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PMI is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PMI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

7.2%

PMI

-1.5%

GB Capital Markets

-0.3%

GB Market


1 Year Return

-7.8%

PMI

-1.3%

GB Capital Markets

-11.0%

GB Market

Return vs Industry: PMI underperformed the UK Capital Markets industry which returned -1% over the past year.

Return vs Market: PMI exceeded the UK Market which returned -10% over the past year.


Shareholder returns

PMIIndustryMarket
7 Day7.2%-1.5%-0.3%
30 Day26.0%4.4%10.2%
90 Day66.3%0.2%6.4%
1 Year-2.7%-7.8%2.0%-1.3%-7.4%-11.0%
3 Year-19.5%-30.5%23.7%9.0%0.9%-11.5%
5 Yearn/a64.9%35.2%26.5%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is Premier Miton Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PMI (£1.48) is trading below our estimate of fair value (£1.67)

Significantly Below Fair Value: PMI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PMI is poor value based on its PE Ratio (20x) compared to the GB Capital Markets industry average (18.9x).

PE vs Market: PMI is good value based on its PE Ratio (20x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: PMI is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: PMI is overvalued based on its PB Ratio (1.7x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Premier Miton Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

44.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PMI's forecast earnings growth (44% per year) is above the savings rate (1.2%).

Earnings vs Market: PMI's earnings (44% per year) are forecast to grow faster than the UK market (27.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PMI's revenue (11.1% per year) is forecast to grow faster than the UK market (6.7% per year).

High Growth Revenue: PMI's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PMI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Premier Miton Group performed over the past 5 years?

32.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PMI has a large one-off loss of £4.0M impacting its March 31 2020 financial results.

Growing Profit Margin: PMI's current net profit margins (14.1%) are lower than last year (23.1%).


Past Earnings Growth Analysis

Earnings Trend: PMI has become profitable over the past 5 years, growing earnings by 32% per year.

Accelerating Growth: PMI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PMI had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Capital Markets industry average (1.8%).


Return on Equity

High ROE: PMI's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is Premier Miton Group's financial position?


Financial Position Analysis

Short Term Liabilities: PMI's short term assets (£97.8M) exceed its short term liabilities (£76.7M).

Long Term Liabilities: PMI's short term assets (£97.8M) exceed its long term liabilities (£7.0M).


Debt to Equity History and Analysis

Debt Level: PMI is debt free.

Reducing Debt: PMI currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: PMI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PMI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

7.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PMI's dividend (7.09%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: PMI's dividend (7.09%) is in the top 25% of dividend payers in the UK market (4.94%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PMI has been paying a dividend for less than 10 years.

Growing Dividend: PMI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (129.8%), PMI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PMI's dividends in 3 years are forecast to be covered by earnings (59.1% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Mike O'Shea

no data

Tenure

UK£834,000

Compensation

Mr. Michael Patrick O'Shea, also known as Mike, CFA is the Chief Executive Officer at Premier Miton Group plc (formerly known as Premier Asset Management Group Plc) since May 2005 and also serves as its Ex...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD1.11M) is above average for companies of similar size in the UK market ($USD619.78K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Michael O'Shea
CEO & Executive Directorno dataUK£834.00k1.91%
£ 3.9m
Piers Harrison
CFO & Director1yrno data0.032%
£ 66.3k
Neil Birrell
Chief Investment Officerno datano datano data
Helene Winch
Head of Responsible Investing1.17yrsno datano data
Lloyd Harris
Head of Fixed Income0.42yrno datano data

1.0yrs

Average Tenure

Experienced Management: PMI's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael O'Shea
CEO & Executive Directorno dataUK£834.00k1.91%
£ 3.9m
Piers Harrison
CFO & Director1yrno data0.032%
£ 66.3k
Michael Vogel
Non-Executive Chairmanno dataUK£75.00k2.11%
£ 4.4m
David Barron
Non Executive Director0.92yrno data0.12%
£ 240.2k
Robert Charles Colthorpe
Independent Non-Executive Director4.08yrsUK£60.00k0.013%
£ 25.8k
William Smith
Independent Non-Executive Director4.08yrsUK£45.00k0.0068%
£ 14.0k
Alison Fleming
Non Executive Director0.50yrno datano data

1.0yrs

Average Tenure

57yo

Average Age

Experienced Board: PMI's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Premier Miton Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Premier Miton Group plc
  • Ticker: PMI
  • Exchange: AIM
  • Founded: 2019
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£206.409m
  • Shares outstanding: 147.96m
  • Website: https://corporate.premiermiton.com

Number of Employees


Location

  • Premier Miton Group plc
  • Eastgate Court
  • High Street
  • Guildford
  • Surrey
  • GU1 3DE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMIAIM (London Stock Exchange AIM Market)YesNew Ordinary SharesGBGBPOct 2016

Biography

Premier Miton Group plc is a publicly owned investment manager. The firm invests in public equity and fixed income markets across the globe. Premier Miton Group plc was formerly known as Premier Asset Mana...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 20:35
End of Day Share Price2020/11/26 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.