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PMI

Premier Miton Group AIM:PMI Stock Report

Last Price

UK£1.18

Market Cap

UK£170.6m

7D

0%

1Y

-32.9%

Updated

15 Aug, 2022

Data

Company Financials +
PMI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

PMI Stock Overview

Premier Miton Group plc is a publicly owned investment manager.

Premier Miton Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Premier Miton Group
Historical stock prices
Current Share PriceUK£1.18
52 Week HighUK£2.07
52 Week LowUK£1.06
Beta1.49
1 Month Change3.98%
3 Month Change1.29%
1 Year Change-32.86%
3 Year Change-32.67%
5 Year Change-34.90%
Change since IPO-13.28%

Recent News & Updates

Shareholder Returns

PMIGB Capital MarketsGB Market
7D0%1.7%0.03%
1Y-32.9%-12.4%-8.3%

Return vs Industry: PMI underperformed the UK Capital Markets industry which returned -13.5% over the past year.

Return vs Market: PMI underperformed the UK Market which returned -9% over the past year.

Price Volatility

Is PMI's price volatile compared to industry and market?
PMI volatility
PMI Average Weekly Movement5.7%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: PMI is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PMI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2019153Mike O'Sheahttps://www.premiermiton.com

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 Management Group Plc.

Premier Miton Group Fundamentals Summary

How do Premier Miton Group's earnings and revenue compare to its market cap?
PMI fundamental statistics
Market CapUK£170.63m
Earnings (TTM)UK£14.69m
Revenue (TTM)UK£89.70m

11.6x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PMI income statement (TTM)
RevenueUK£89.70m
Cost of RevenueUK£0
Gross ProfitUK£89.70m
Other ExpensesUK£75.01m
EarningsUK£14.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin100.00%
Net Profit Margin16.38%
Debt/Equity Ratio0%

How did PMI perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

100%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PMI?

Other financial metrics that can be useful for relative valuation.

PMI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA4.9x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does PMI's PE Ratio compare to its peers?

PMI PE Ratio vs Peers
The above table shows the PE ratio for PMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.5x
CLIG City of London Investment Group
9.6x-7.9%UK£200.6m
REC Record
16.6x10.9%UK£143.2m
TAM Tatton Asset Management
27.3x11.4%UK£252.2m
MERC Mercia Asset Management
5.1x-109.7%UK£133.1m
PMI Premier Miton Group
11.6x-21.5%UK£170.6m

Price-To-Earnings vs Peers: PMI is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (14.5x).


Price to Earnings Ratio vs Industry

How does PMI's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: PMI is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the UK Capital Markets industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is PMI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.6x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: PMI is expensive based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).


Share Price vs Fair Value

What is the Fair Price of PMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PMI (£1.18) is trading below our estimate of fair value (£1.44)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Premier Miton Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-21.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PMI's earnings are forecast to decline over the next 3 years (-21.5% per year).

Earnings vs Market: PMI's earnings are forecast to decline over the next 3 years (-21.5% per year).

High Growth Earnings: PMI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PMI's revenue (2% per year) is forecast to grow slower than the UK market (4.4% per year).

High Growth Revenue: PMI's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PMI's Return on Equity is forecast to be low in 3 years time (10.9%).


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Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PMI has high quality earnings.

Growing Profit Margin: PMI's current net profit margins (16.4%) are higher than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: PMI's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: PMI's earnings growth over the past year (87.4%) exceeds its 5-year average (6.3% per year).

Earnings vs Industry: PMI earnings growth over the past year (87.4%) exceeded the Capital Markets industry 24.3%.


Return on Equity

High ROE: PMI's Return on Equity (11.5%) is considered low.


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Financial Health

How is Premier Miton Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PMI's short term assets (£153.9M) exceed its short term liabilities (£121.1M).

Long Term Liabilities: PMI's short term assets (£153.9M) exceed its long term liabilities (£7.0M).


Debt to Equity History and Analysis

Debt Level: PMI is debt free.

Reducing Debt: PMI had no debt 5 years ago.

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


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PMI's dividend (8.51%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: PMI's dividend (8.51%) is in the top 25% of dividend payers in the UK market (5.09%)


Stability and Growth of Payments

Stable Dividend: PMI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PMI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (99.7%), PMI's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.8%), PMI's dividend payments are covered by cash flows.


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Management

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

2.8yrs

Average management tenure


CEO

Mike O'Shea

2.75yrs

Tenure

UK£1,802,000

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 November 2019 and its Executive D...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD2.18M) is above average for companies of similar size in the UK market ($USD706.77K).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PMI's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: PMI's board of directors are not considered experienced ( 2.7 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 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
  • Implied Market Cap: UK£170.634m
  • Shares outstanding: 145.22m
  • Website: https://www.premiermiton.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.