LSE:JUP

Stock Analysis Report

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Executive Summary

Jupiter Fund Management Plc is a publicly owned investment manager. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

Share Price & News

How has Jupiter Fund Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JUP is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

-1.5%

JUP

1.9%

GB Capital Markets

-0.2%

GB Market


1 Year Return

-28.4%

JUP

4.7%

GB Capital Markets

-6.8%

GB Market

Return vs Industry: JUP underperformed the UK Capital Markets industry which returned 1.6% over the past year.

Return vs Market: JUP underperformed the UK Market which returned -10.7% over the past year.


Shareholder returns

JUPIndustryMarket
7 Day-1.5%1.9%-0.2%
30 Day10.7%9.6%14.7%
90 Day23.4%3.3%7.6%
1 Year-23.0%-28.4%8.3%4.7%-3.1%-6.8%
3 Year-46.8%-57.4%28.1%13.1%2.6%-9.9%
5 Year-19.8%-43.9%72.3%41.6%31.1%1.5%

Long-Term Price Volatility Vs. Market

How volatile is Jupiter Fund Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jupiter Fund Management undervalued compared to its fair value and its price relative to the market?

30.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JUP (£2.57) is trading below our estimate of fair value (£3.69)

Significantly Below Fair Value: JUP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JUP is good value based on its PE Ratio (13.6x) compared to the GB Capital Markets industry average (19.2x).

PE vs Market: JUP is good value based on its PE Ratio (13.6x) compared to the UK market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: JUP is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: JUP is overvalued based on its PB Ratio (1.9x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Jupiter Fund Management forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JUP's forecast earnings growth (19.3% per year) is above the savings rate (1.2%).

Earnings vs Market: JUP's earnings (19.3% per year) are forecast to grow slower than the UK market (27.1% per year).

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

Revenue vs Market: JUP's revenue (7.9% per year) is forecast to grow faster than the UK market (6.8% per year).

High Growth Revenue: JUP's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JUP's Return on Equity is forecast to be low in 3 years time (17.5%).


Next Steps

Past Performance

How has Jupiter Fund Management performed over the past 5 years?

-4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JUP has high quality earnings.

Growing Profit Margin: JUP's current net profit margins (24%) are lower than last year (34.3%).


Past Earnings Growth Analysis

Earnings Trend: JUP's earnings have declined by 4.1% per year over the past 5 years.

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

Earnings vs Industry: JUP had negative earnings growth (-36.8%) over the past year, making it difficult to compare to the Capital Markets industry average (1.8%).


Return on Equity

High ROE: JUP's Return on Equity (13.9%) is considered low.


Next Steps

Financial Health

How is Jupiter Fund Management's financial position?


Financial Position Analysis

Short Term Liabilities: JUP's short term assets (£610.1M) exceed its short term liabilities (£293.0M).

Long Term Liabilities: JUP's short term assets (£610.1M) exceed its long term liabilities (£121.7M).


Debt to Equity History and Analysis

Debt Level: JUP is debt free.

Reducing Debt: JUP had no debt 5 years ago.

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

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


Balance Sheet


Next Steps

Dividend

What is Jupiter Fund Management current dividend yield, its reliability and sustainability?

6.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JUP's dividend (6.65%) is higher than the bottom 25% of dividend payers in the UK market (1.69%).

High Dividend: JUP's dividend (6.65%) is in the top 25% of dividend payers in the UK market (4.96%)


Stability and Growth of Payments

Stable Dividend: JUP's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.5%), JUP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JUP's dividends in 3 years are forecast to be covered by earnings (74% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Andrew Formica (49 yo)

1.67yrs

Tenure

UK£1,396,200

Compensation

Mr. Andrew James Formica has been Chief Executive Officer, Chairman of the Executive Committee and Director of Jupiter Fund Management plc since March 1, 2019. Mr. Formica has serves as a Director of The I...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.86M) is about average for companies of similar size in the UK market ($USD1.81M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Formica
CEO, Chairman of the Executive Committee & Director1.67yrsUK£1.40m0.17%
£ 2.3m
Wayne Mepham
Executive Director & CFO1.17yrsUK£987.10k0.0047%
£ 62.6k
Paula Moore
Chief Operating Officerno datano data0.26%
£ 3.4m
Stephen Pearson
Chief Investment Officer5.17yrsno datano data
Minesh Patel
Head of Strategy & Corporate Development1.33yrsno datano data
David Rowe
Global Head of Marketingno datano datano data
Andrew Robinson
HR Director2.42yrsno datano data
John Chatfeild-Roberts
Head of Strategy - Independent Funds5.17yrsUK£2.00mno data
Martin Harris
Head of Institutional Business6.58yrsno datano data
Ross Teverson
Head of Strategy for Emerging Marketsno datano datano data
Stephen Mitchell
Head of Strategy - Global5.75yrsno datano data
Despina Constantinides
Head of Media Relations13.67yrsno datano data

5.2yrs

Average Tenure

49yo

Average Age

Experienced Management: JUP's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Formica
CEO, Chairman of the Executive Committee & Director1.67yrsUK£1.40m0.17%
£ 2.3m
Wayne Mepham
Executive Director & CFO1.17yrsUK£987.10k0.0047%
£ 62.6k
Jonathon Roderick Alan Bond
Senior Independent Director3.25yrsUK£92.00k0.0055%
£ 72.3k
Edward H. Carter
Vice Chairman6.67yrsUK£336.00k1.84%
£ 24.4m
Roger Yates
Independent Non-Executive Director3.08yrsUK£72.00k0.0046%
£ 60.7k
Nichola Pease
Independent Non-Executive Chair of the Board0.67yrno data0.0059%
£ 77.7k
Karl Sternberg
Independent Non-Executive Director4.33yrsUK£72.00k0.0053%
£ 69.4k
Christopher Parkin
Non Executive Director0.33yrno datano data
Polly Williams
Independent Non-Executive Director5.67yrsUK£93.00kno data

3.1yrs

Average Tenure

56yo

Average Age

Experienced Board: JUP's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JUP 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 21.6%.


Top Shareholders

Company Information

Jupiter Fund Management Plc's company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Jupiter Fund Management Plc
  • The Zig Zag Building
  • 70 Victoria Street
  • London
  • Greater London
  • SW1E 6SQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JUPLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2010
4JFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2010
JUPLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 2010

Biography

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the publ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 19:59
End of Day Share Price2020/12/01 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.