LSE:INVP

Stock Analysis Report

Executive Summary

Investec Group Limited provides various financial products and services in the United Kingdom and Europe, South Africa, Asia/Australia, and other countries.

Snowflake

Fundamentals

6 star dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

INVP

-1.3%

GB Capital Markets

-0.4%

GB Market


1 Year Return

-10.5%

INVP

19.8%

GB Capital Markets

2.9%

GB Market

Return vs Industry: INVP underperformed the UK Capital Markets industry which returned 19.8% over the past year.

Return vs Market: INVP underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

INVPIndustryMarket
7 Day-0.7%-1.3%-0.4%
30 Day-4.1%-3.1%-1.4%
90 Day-15.2%2.8%-2.1%
1 Year-5.8%-10.5%22.7%19.8%7.9%2.9%
3 Year0.5%-12.4%77.2%64.6%18.0%3.6%
5 Year-0.1%-19.6%148.0%118.6%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

33.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INVP (£4.3) is trading below our estimate of fair value (£6.46)

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


Price To Earnings Ratio

PE vs Industry: INVP is good value based on its PE Ratio (8.4x) compared to the Capital Markets industry average (18.9x).

PE vs Market: INVP is good value based on its PE Ratio (8.4x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: INVP is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: INVP is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.4x).


Next Steps

Future Growth

How is Investec Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INVP's forecast earnings growth (6.2% per year) is above the savings rate (1.2%).

Earnings vs Market: INVP's earnings (6.2% per year) are forecast to grow slower than the UK market (12.6% per year).

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

Revenue vs Market: INVP's revenue (8% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: INVP's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INVP's Return on Equity is forecast to be low in 3 years time (12.3%).


Next Steps

Past Performance

How has Investec Group performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INVP's earnings have grown by 16.5% per year over the past 5 years.

Accelerating Growth: INVP's earnings growth over the past year (3.6%) is below its 5-year average (16.5% per year).

Earnings vs Industry: INVP earnings growth over the past year (3.6%) underperformed the Capital Markets industry 4.6%.


Return on Equity

High ROE: INVP's Return on Equity (11.7%) is considered low.


Return on Assets

ROA vs Industry: INVP's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate INVP's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Investec Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: INVP has a low level of unsold assets or inventory.

Debt Coverage by Assets: INVP's debt is covered by short term assets (assets are 1.775010x debt).


Financial Institutions Analysis

Asset Level: INVP's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if INVP has a sufficient allowance for bad loans.

Low Risk Liabilities: INVP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if INVP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: INVP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if INVP has an appropriate level of bad loans.


Next Steps

Dividend

What is Investec Group's current dividend yield, its reliability and sustainability?

5.45%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%2.0%markettop25%5.4%industryaverage2.1%forecastin3Years6.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: INVP's dividend (5.45%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: INVP's dividend (5.45%) is in the top 25% of dividend payers in the UK market (5.36%)

Stable Dividend: INVP's dividends per share have been stable in the past 10 years.

Growing Dividend: INVP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.8%), INVP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INVP's dividends in 3 years are forecast to be well covered by earnings (44.6% payout ratio).


Next Steps

Management

What is the CEO of Investec Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Fani Titi (57yo)

1yrs

Tenure

UK£3,426,000

Compensation

Mr. Fani Titi, BSc Hons (Mathematics), MA (Mathematics), MBA, has been Joint Chief Executive Officer and Executive Director at Investec plc and Investec Limited since October 1, 2018. Mr. Titi serves as a  ...


CEO Compensation Analysis

Compensation vs. Market: Fani has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

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


Board Age and Tenure

1.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: INVP's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUK£404,21031 May 19
Hendrik du Toit
EntityIndividual
Role
Member of the Board of Directors
Joint CEO & Executive Director
Shares89,427
Max PriceUK£4.52
SellUK£200,71531 May 19
Fani Titi
EntityIndividual
Role
Co-Chief Executive Officer
Joint CEO & Director
Shares44,406
Max PriceUK£4.52
SellUK£247,29431 May 19
Bernard Kantor
EntityIndividual
Shares54,711
Max PriceUK£4.52
SellUK£62,62531 May 19
Glynn Burger
EntityIndividual
Shares13,855
Max PriceUK£4.52
SellUK£968,00022 Feb 19
Ian Kantor
EntityIndividual
Shares200,000
Max PriceUK£4.84

Ownership Breakdown


Management Team

  • Les Penfold

    Global Head of Share Schemes & Secretarial

    • Tenure: 0yrs
  • Hendrik du Toit (58yo)

    Joint CEO & Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£2.14m
  • Fani Titi (57yo)

    Joint CEO & Director

    • Tenure: 1yrs
    • Compensation: UK£3.43m
  • Bradley Tapnack (72yo)

    Global Head of Corporate Governance & Compliance

    • Tenure: 0yrs
  • Kim McFarland (55yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: UK£1.38m
  • Setlogane Manchidi

    Head of Social Investment Business - SA

    • Tenure: 0yrs
  • Andy Leith (58yo)

    Global Head-IB

    • Tenure: 0yrs
  • Nishlan Samujh (45yo)

    Group Finance Director & Executive Director

    • Tenure: 0.5yrs
  • Marc Kahn

    Head of Human Resources & Organisational Development

    • Tenure: 0yrs
  • Hugo Steyn

    Head of SA Corporate Finance Business

    • Tenure: 0yrs

Board Members

  • Hendrik du Toit (58yo)

    Joint CEO & Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£2.14m
  • Fani Titi (57yo)

    Joint CEO & Director

    • Tenure: 1yrs
    • Compensation: UK£3.43m
  • Kim McFarland (55yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: UK£1.38m
  • Perry Oughton Crosthwaite (70yo)

    Independent Non-Executive Chairman

    • Tenure: 1.4yrs
  • Ciaran Whelan (55yo)

    Director of Risk & Executive Director

    • Tenure: 1.5yrs
  • George Malloch-Brown (66yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
  • Zarina Bibi Bassa (55yo)

    Senior Independent Non-Executive Director

    • Tenure: 1.5yrs
  • Nishlan Samujh (45yo)

    Group Finance Director & Executive Director

    • Tenure: 0.5yrs
  • David Friedland (66yo)

    Independent Non-Executive Director

    • Tenure: 6.6yrs
  • Philip Hourquebie (66yo)

    Non Executive Director

    • Tenure: 2.2yrs

Company Information

Investec Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Investec Group Limited
  • Ticker: INVP
  • Exchange: LSE
  • Founded: 1974
  • Industry: Diversified Capital Markets
  • Sector: Diversified Financials
  • Market Cap: SAR78.728b
  • Listing Market Cap: SAR4.132b
  • Shares outstanding: 956.05m
  • Website: https://www.investec.com

Number of Employees


Location

  • Investec Group Limited
  • 30 Gresham Street
  • London
  • Greater London
  • EC2V 7QP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INLJSE (The Johannesburg Securities Exchange)YesLTD Ordinary SharesZAZAROct 1992
IYYADB (Deutsche Boerse AG)YesLTD Ordinary SharesDEEUROct 1992
INVESTECBSM (Botswana Share Market)YesLTD Ordinary SharesBWBWPOct 1992
IVDNMSE (Namibian Stock Exchange)YesLTD Ordinary SharesNAZAROct 1992
INPJSE (The Johannesburg Securities Exchange)PLC Ordinary SharesZAZARJan 2003
IVKADB (Deutsche Boerse AG)PLC Ordinary SharesDEEURJan 2003
INVPLSE (London Stock Exchange)PLC Ordinary SharesGBGBPJan 2003
INVPLBATS-CHIXE (BATS 'Chi-X Europe')PLC Ordinary SharesGBGBPJan 2003
IVTJ.FOTCPK (Pink Sheets LLC)PLC Ordinary SharesUSUSDJan 2003
INPPJSE (The Johannesburg Securities Exchange)NON-RED NON-CUM NON-PTG PREF GBP0.01ZAZARAug 2006
INVRLSE (London Stock Exchange)NON-RED NON-CUM NON-PTG PREF GBP0.01GBGBPAug 2006
ITCF.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJan 2009
IVTJ.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDJun 2011
INPPRJSE (The Johannesburg Securities Exchange)NON RED NON CUM NON PTG PREF ZAR0.001ZAZARJun 2011

Biography

Investec Group Limited provides various financial products and services in the United Kingdom and Europe, South Africa, Asia/Australia, and other countries. It offers asset management products and services ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:56
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.