Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus.
Ninety One Group Fundamentals Summary
How do Ninety One Group's earnings and revenue compare to its market cap?
Is Ninety One Group undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: N91 (£2.21) is trading below our estimate of fair value (£4.92)
Significantly Below Fair Value: N91 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: N91 is poor value based on its Price-To-Earnings Ratio (9.8x) compared to the UK Capital Markets industry average (9.3x).
PE vs Market: N91 is good value based on its Price-To-Earnings Ratio (9.8x) compared to the UK market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: N91's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: N91 is overvalued based on its Price-To-Book Ratio (5.9x) compared to the GB Capital Markets industry average (1.2x).
Future Growth
How is Ninety One Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: N91's earnings are forecast to decline over the next 3 years (-3% per year).
Earnings vs Market: N91's earnings are forecast to decline over the next 3 years (-3% per year).
High Growth Earnings: N91's earnings are forecast to decline over the next 3 years.
Revenue vs Market: N91's revenue (3% per year) is forecast to grow slower than the UK market (4.1% per year).
High Growth Revenue: N91's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: N91's Return on Equity is forecast to be very high in 3 years time (41.3%).
Past Performance
How has Ninety One 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
8.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: N91 has high quality earnings.
Growing Profit Margin: N91's current net profit margins (30.9%) are higher than last year (24.7%).
Past Earnings Growth Analysis
Earnings Trend: N91's earnings have grown by 8.7% per year over the past 5 years.
Accelerating Growth: N91's earnings growth over the past year (33%) exceeds its 5-year average (8.7% per year).
Earnings vs Industry: N91 earnings growth over the past year (33%) underperformed the Capital Markets industry 62.1%.
Return on Equity
High ROE: N91's Return on Equity (60.1%) is considered outstanding.
Financial Health
How is Ninety One 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: N91's short term assets (£11.5B) exceed its short term liabilities (£11.2B).
Long Term Liabilities: N91's short term assets (£11.5B) exceed its long term liabilities (£160.2M).
Debt to Equity History and Analysis
Debt Level: N91 is debt free.
Reducing Debt: N91 has not had any debt for past 5 years.
Debt Coverage: N91 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: N91 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Ninety One Group current dividend yield, its reliability and sustainability?
Dividend Score
4/6
Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
6.97%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: N91's dividend (6.97%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: N91's dividend (6.97%) is in the top 25% of dividend payers in the UK market (4.82%)
Stability and Growth of Payments
Stable Dividend: N91 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: N91's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.6%), N91's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.5%), N91's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average board tenure
CEO
Hendrik du Toit (60 yo)
2.17yrs
Tenure
UK£4,866,000
Compensation
Mr. Hendrik Jacobus du Toit, B.Com. Law, B.Com. (Hons), M.Com., M.Phil., serves as Lead Independent Non-Executive Director at Naspers Limited since April 01, 2020 and its Independent Non-Executive Director...
CEO Compensation Analysis
Compensation vs Market: Hendrik's total compensation ($USD6.11M) is above average for companies of similar size in the UK market ($USD2.96M).
Compensation vs Earnings: Hendrik's compensation has increased by more than 20% in the past year.
Board Members
Experienced Board: N91's board of directors are not considered experienced ( 2.5 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
Ninety One Group's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/25 00:00
End of Day Share Price
2022/05/25 00:00
Earnings
2022/03/31
Annual Earnings
2022/03/31
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.