Ninety One Group
Market Cap
UK£2.0b
Last Updated
2021/03/06 20:33 UTC
Data Sources
Company Financials +
Executive Summary
Ninety One Group operates as an independent global asset manager worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Ninety One Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: N91 is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: N91's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.6%
N91
-5.6%
GB Capital Markets
1.2%
GB Market
1 Year Return
n/a
N91
11.2%
GB Capital Markets
4.6%
GB Market
Return vs Industry: Insufficient data to determine how N91 performed against the UK Capital Markets industry.
Return vs Market: Insufficient data to determine how N91 performed against the UK Market.
Shareholder returns
| N91 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | -5.6% | 1.2% |
| 30 Day | -6.4% | -6.6% | 0.9% |
| 90 Day | -0.09% | 0.06% | 2.4% |
| 1 Year | n/a | 14.8%11.2% | 10.6%4.6% |
| 3 Year | n/a | 39.5%23.7% | 8.6%-4.5% |
| 5 Year | n/a | 99.0%65.5% | 39.5%12.5% |
Long-Term Price Volatility Vs. Market
How volatile is Ninety One Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Do Institutions Own Ninety One Group (LON:N91) Shares?3 months ago | Simply Wall St
Revenue Beat: Ninety One Group Beat Analyst Estimates By 8.1%5 months ago | Simply Wall St
How Many Ninety One Group (LON:N91) Shares Do Institutions Own?Valuation
Is Ninety One Group undervalued compared to its fair value and its price relative to the market?
38.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: N91 (£2.21) is trading below our estimate of fair value (£3.6)
Significantly Below Fair Value: N91 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: N91 is good value based on its PE Ratio (13x) compared to the GB Capital Markets industry average (20.1x).
PE vs Market: N91 is good value based on its PE Ratio (13x) compared to the UK market (24.1x).
Price to Earnings Growth Ratio
PEG Ratio: N91 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: N91 is overvalued based on its PB Ratio (9.3x) compared to the GB Capital Markets industry average (1.6x).
Next Steps
Future Growth
How is Ninety One Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: N91's forecast earnings growth (9.1% per year) is above the savings rate (1%).
Earnings vs Market: N91's earnings (9.1% per year) are forecast to grow slower than the UK market (22.8% per year).
High Growth Earnings: N91's earnings are forecast to grow, but not significantly.
Revenue vs Market: N91's revenue (6.2% per year) is forecast to grow slower than the UK market (6.7% per year).
High Growth Revenue: N91's revenue (6.2% 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 (48%).
Next Steps
Past Performance
How has Ninety One Group performed over the past 5 years?
5.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: N91 has high quality earnings.
Growing Profit Margin: N91's current net profit margins (25.6%) are lower than last year (27.2%).
Past Earnings Growth Analysis
Earnings Trend: N91's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: N91's earnings growth over the past year (13.3%) exceeds its 5-year average (5.3% per year).
Earnings vs Industry: N91 earnings growth over the past year (13.3%) exceeded the Capital Markets industry -1.9%.
Return on Equity
High ROE: N91's Return on Equity (71.9%) is considered outstanding.
Next Steps
Financial Health
How is Ninety One Group's financial position?
Financial Position Analysis
Short Term Liabilities: N91's short term assets (£8.6B) exceed its short term liabilities (£8.4B).
Long Term Liabilities: N91's short term assets (£8.6B) exceed its long term liabilities (£165.1M).
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
Next Steps
Dividend
What is Ninety One Group current dividend yield, its reliability and sustainability?
5.34%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: N91's dividend (5.34%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: N91's dividend (5.34%) is in the top 25% of dividend payers in the UK market (4.51%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether N91's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if N91's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.7%), N91's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: N91's dividends in 3 years are forecast to be covered by earnings (70.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average board tenure
CEO
Hendrik du Toit (59 yo)
1
Tenure
UK£555,244
Compensation
Mr. Hendrik Jacobus du Toit, BCom Law, BCom (Hons), MCom, MPhil, has been Lead Independent Non-Executive Director at Naspers Limited since April 01, 2020 and its Independent Non-Executive Director since Ap...
CEO Compensation Analysis
Compensation vs Market: Hendrik's total compensation ($USD766.44K) is below average for companies of similar size in the UK market ($USD1.99M).
Compensation vs Earnings: Insufficient data to compare Hendrik's compensation with company performance.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1yr | UK£555.24k | 0.054% £ 1.1m | |
| Finance Director & Director | 1.42yrs | UK£444.21k | 0.010% £ 205.6k | |
| Non-Executive Director | 1.33yrs | UK£25.67k | 0.0014% £ 27.3k | |
| Senior Independent Director | 1.33yrs | UK£44.00k | 0.0022% £ 44.1k | |
| Independent Non-Executive Director | 1.33yrs | UK£34.96k | no data | |
| Independent Non-Executive Director | 1.33yrs | UK£34.83k | 0.0011% £ 22.3k | |
| Independent Non-Executive Chairman of the Board | 1.33yrs | UK£64.17k | no data | |
| Independent Non-Executive Director | 1.33yrs | UK£36.67k | no data |
1.3yrs
Average Tenure
58yo
Average Age
Experienced Board: N91's board of directors are not considered experienced ( 1.3 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: N91 only recently listed within the past 12 months.
Top Shareholders
Company Information
Ninety One Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ninety One Group
- Ticker: N91
- Exchange: LSE
- Founded: 1991
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£2.023b
- Shares outstanding: 916.33m
- Website: https://ninetyone.com
Number of Employees
Location
- Ninety One Group
- 36 Hans Strijdom Avenue
- Foreshore
- Cape Town
- Western Cape
- 8001
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| N91 | LSE (London Stock Exchange) | Yes | PLC Ordinary Shares | GB | GBP | Mar 2020 |
| N91 | JSE (The Johannesburg Securities Exchange) | Yes | PLC Ordinary Shares | ZA | ZAR | Mar 2020 |
| NY1 | JSE (The Johannesburg Securities Exchange) | Ordinary Shares | ZA | ZAR | Mar 2020 | |
| L91 | DB (Deutsche Boerse AG) | Ordinary Shares | DE | EUR | Mar 2020 | |
| N91L | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | PLC Ordinary Shares | GB | GBP | Mar 2020 |
| NINT.F | OTCPK (Pink Sheets LLC) | Yes | PLC Ordinary Shares | US | USD | Mar 2020 |
| 3XH | DB (Deutsche Boerse AG) | Yes | PLC Ordinary Shares | DE | EUR | Mar 2020 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 20:33 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.