LSE:STJ

Stock Analysis Report

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Executive Summary

St. James's Place plc is a publicly owned investment manager. More Details


Snowflake Analysis

Outstanding track record average dividend payer.


Similar Companies

Share Price & News

How has St. James's Place's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: STJ's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

STJ

-1.8%

GB Capital Markets

-2.3%

GB Market


1 Year Return

20.0%

STJ

15.7%

GB Capital Markets

1.1%

GB Market

Return vs Industry: STJ exceeded the UK Capital Markets industry which returned 15.7% over the past year.

Return vs Market: STJ exceeded the UK Market which returned 1.1% over the past year.


Shareholder returns

STJIndustryMarket
7 Day-1.4%-1.8%-2.3%
30 Day2.4%3.6%1.8%
90 Day12.3%11.3%5.5%
1 Year23.0%20.0%19.4%15.7%7.2%1.1%
3 Year20.2%7.2%51.9%34.7%9.8%-3.3%
5 Year62.0%35.4%113.6%78.0%36.9%10.5%

Long-Term Price Volatility Vs. Market

How volatile is St. James's Place's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is St. James's Place undervalued compared to its fair value and its price relative to the market?

24.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STJ (£12.02) is trading above our estimate of fair value (£10.16)

Significantly Below Fair Value: STJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: STJ is poor value based on its PE Ratio (24.5x) compared to the GB Capital Markets industry average (20.9x).

PE vs Market: STJ is poor value based on its PE Ratio (24.5x) compared to the UK market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: STJ is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: STJ is overvalued based on its PB Ratio (5.8x) compared to the GB Capital Markets industry average (1.5x).


Next Steps

Future Growth

How is St. James's Place forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STJ's forecast earnings growth (11.1% per year) is above the savings rate (1%).

Earnings vs Market: STJ's earnings (11.1% per year) are forecast to grow slower than the UK market (23.2% per year).

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

Revenue vs Market: STJ's revenue is expected to decline over the next 3 years (-66.3% per year).

High Growth Revenue: STJ's revenue is forecast to decline over the next 3 years (-66.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STJ's Return on Equity is forecast to be high in 3 years time (36%)


Next Steps

Past Performance

How has St. James's Place performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STJ has high quality earnings.

Growing Profit Margin: STJ's current net profit margins (3.3%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: STJ's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: STJ's earnings growth over the past year (77.8%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: STJ earnings growth over the past year (77.8%) exceeded the Capital Markets industry -2%.


Return on Equity

High ROE: STJ's Return on Equity (23.6%) is considered high.


Next Steps

Financial Health

How is St. James's Place's financial position?


Financial Position Analysis

Short Term Liabilities: STJ's short term assets (£10.6B) exceed its short term liabilities (£6.7B).

Long Term Liabilities: STJ's short term assets (£10.6B) do not cover its long term liabilities (£122.1B).


Debt to Equity History and Analysis

Debt Level: STJ's debt to equity ratio (37.9%) is considered satisfactory.

Reducing Debt: STJ's debt to equity ratio has increased from 17.4% to 37.9% over the past 5 years.

Debt Coverage: STJ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if STJ's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is St. James's Place current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: STJ's dividend (3.2%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).

High Dividend: STJ's dividend (3.2%) is low compared to the top 25% of dividend payers in the UK market (4.58%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.4%), STJ's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STJ's dividends in 3 years are forecast to be covered by earnings (72.7% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Andrew Croft (55 yo)

3.08yrs

Tenure

UK£1,553,569

Compensation

Mr. Andrew Croft has been Chief Executive Officer of St. James’s Place plc since January 1, 2018 and serves as its Director since September 1, 2004. Mr. Croft also serves as Member of Executive Board of St...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD2.17M) is about average for companies of similar size in the UK market ($USD2.77M).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Croft
CEO, Executive Director & Member of Executive Board3.08yrsUK£1.55m0.14%
£ 8.8m
Craig Gentle
CFO, Executive Director & Member of Executive Board3.08yrsUK£919.96k0.011%
£ 693.7k
Ian Gascoigne
MD, Executive Director & Member of Executive Board18.08yrsUK£1.36m0.14%
£ 9.2m
Nathaniel Rothschild
no datano datano data
Iain Rayner
COO & Member of Executive Board Committeeno datano data0.0076%
£ 490.5k
Ian MacKenzie
Chief Operations & Technology Officer and Member of Executive Board7.08yrsno data0.031%
£ 2.0m
Elizabeth Kelly
Director of Corporate1.08yrsno datano data
Robert Gardner
Director of Investment Management & Member of Executive Board1.75yrsno datano data
Jamie Dunkley
External Communications Directorno datano datano data
Andrew Humphries
Head of Investment Mktgno datano datano data
David Bellamy
Non-Executive Chairman of International operations3.17yrsUK£2.54mno data
Leslie Uzan
Head of Alternative Investments1.17yrsno datano data

3.1yrs

Average Tenure

59.5yo

Average Age

Experienced Management: STJ's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Croft
CEO, Executive Director & Member of Executive Board3.08yrsUK£1.55m0.14%
£ 8.8m
Craig Gentle
CFO, Executive Director & Member of Executive Board3.08yrsUK£919.96k0.011%
£ 693.7k
Ian Gascoigne
MD, Executive Director & Member of Executive Board18.08yrsUK£1.36m0.14%
£ 9.2m
Paul Victor Sant Manduca
Independent Non-Executive Director0.083yrno datano data
Roger Yates
Senior Independent Director2.33yrsUK£95.38k0.0056%
£ 360.7k
Iain Charles Cornish
Chairman2.33yrsUK£236.80k0.0012%
£ 78.4k
Simon John Jeffreys
Independent Non-Executive Director7.08yrsUK£91.32k0.0034%
£ 220.5k
Patience Wheatcroft
Independent Non-executive Director8.83yrsUK£68.82k0.00047%
£ 30.2k
Rosemary Hilary
Independent Non-Executive Director1.33yrsUK£13.86kno data
Emma Griffin
Independent Non-Executive Director1yrno datano data
Dame Morrissey
Independent Non Executive Director1.08yrsno datano data
Lesley-Ann Nash
Independent Non-executive Director0.67yrno datano data

2.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: STJ's board of directors are not considered experienced ( 2.3 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

St. James's Place plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: St. James's Place plc
  • Ticker: STJ
  • Exchange: LSE
  • Founded: 1991
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£6.429b
  • Shares outstanding: 534.84m
  • Website: https://www.sjp.co.uk

Number of Employees


Location

  • St. James's Place plc
  • St. James’s Place House
  • 1 Tetbury Road
  • Cirencester
  • Gloucestershire
  • GL7 1FP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STJLSE (London Stock Exchange)YesOrdinary SharesGBGBPAug 1996
STJP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 1996
STJLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPAug 1996
1IVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1996

Biography

St. James's Place plc is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income mar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 19:48
End of Day Share Price2021/03/01 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.