HDFC Asset Management
Market Cap
₹504.2b
Last Updated
2020/08/08 12:44 UTC
Data Sources
Company Financials +
Executive Summary
HDFC Asset Management Company Limited is a publically owned investment manager.
Rewards
Snowflake Analysis
Similar Companies
Share Price & News
How has HDFC Asset Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HDFCAMC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.1%
HDFCAMC
2.7%
IN Capital Markets
2.1%
IN Market
1 Year Return
6.3%
HDFCAMC
14.0%
IN Capital Markets
2.4%
IN Market
Return vs Industry: HDFCAMC underperformed the Indian Capital Markets industry which returned 14% over the past year.
Return vs Market: HDFCAMC exceeded the Indian Market which returned 2.4% over the past year.
Shareholder returns
| HDFCAMC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 2.7% | 2.1% |
| 30 Day | -4.8% | 4.5% | 4.5% |
| 90 Day | -9.6% | 31.7% | 21.8% |
| 1 Year | 7.5%6.3% | 15.6%14.0% | 4.3%2.4% |
| 3 Year | n/a | -29.9%-32.7% | 5.2%0.2% |
| 5 Year | n/a | 28.7%19.2% | 29.7%20.0% |
Price Volatility Vs. Market
How volatile is HDFC Asset Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is HDFC Asset Management undervalued compared to its fair value and its price relative to the market?
39.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HDFCAMC (₹2369) is trading above our estimate of fair value (₹707.34)
Significantly Below Fair Value: HDFCAMC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HDFCAMC is poor value based on its PE Ratio (39.6x) compared to the IN Capital Markets industry average (19.1x).
PE vs Market: HDFCAMC is poor value based on its PE Ratio (39.6x) compared to the Indian market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: HDFCAMC is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: HDFCAMC is overvalued based on its PB Ratio (12.5x) compared to the IN Capital Markets industry average (0.5x).
Future Growth
How is HDFC Asset Management forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HDFCAMC's forecast earnings growth (11.5% per year) is above the savings rate (7.2%).
Earnings vs Market: HDFCAMC's earnings (11.5% per year) are forecast to grow slower than the Indian market (23.5% per year).
High Growth Earnings: HDFCAMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: HDFCAMC's revenue (13.5% per year) is forecast to grow faster than the Indian market (10% per year).
High Growth Revenue: HDFCAMC's revenue (13.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HDFCAMC's Return on Equity is forecast to be high in 3 years time (30%)
Past Performance
How has HDFC Asset Management performed over the past 5 years?
23.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HDFCAMC has high quality earnings.
Growing Profit Margin: HDFCAMC's current net profit margins (61.2%) are higher than last year (47.4%).
Past Earnings Growth Analysis
Earnings Trend: HDFCAMC's earnings have grown significantly by 23.4% per year over the past 5 years.
Accelerating Growth: HDFCAMC's earnings growth over the past year (24.9%) exceeds its 5-year average (23.4% per year).
Earnings vs Industry: HDFCAMC earnings growth over the past year (24.9%) exceeded the Capital Markets industry -11.1%.
Return on Equity
High ROE: HDFCAMC's Return on Equity (31.6%) is considered high.
Financial Health
How is HDFC Asset Management's financial position?
Financial Position Analysis
Short Term Liabilities: HDFCAMC's short term assets (₹36.0B) exceed its short term liabilities (₹1.8B).
Long Term Liabilities: HDFCAMC's short term assets (₹36.0B) exceed its long term liabilities (₹952.0M).
Debt to Equity History and Analysis
Debt Level: HDFCAMC is debt free.
Reducing Debt: HDFCAMC had no debt 5 years ago.
Debt Coverage: HDFCAMC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HDFCAMC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is HDFC Asset Management current dividend yield, its reliability and sustainability?
1.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HDFCAMC's dividend (1.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).
High Dividend: HDFCAMC's dividend (1.18%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HDFCAMC has been paying a dividend for less than 10 years.
Growing Dividend: HDFCAMC's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.8%), HDFCAMC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HDFCAMC's dividends in 3 years are forecast to be covered by earnings (53.9% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average board tenure
CEO
Milind Barve (63 yo)
no data
Tenure
₹64,500,000
Compensation
Mr. Milind Gajanan Barve serves as the Managing Director of HDFC Asset Management Company Ltd. Mr. Barve joined the firm in July 2002. Previously, he served as the General Manager of Treasury at HDFC Ltd. ...
CEO Compensation Analysis
Compensation vs Market: Milind's total compensation ($USD859.74K) is below average for companies of similar size in the Indian market ($USD1.34M).
Compensation vs Earnings: Milind's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | no data | ₹64.50m | 0.49% ₹ 2.5b | |
| Chairman of the Board | no data | ₹4.00m | no data | |
| Non-Executive Director | 20.08yrs | ₹2.90m | 0.079% ₹ 398.7m | |
| Non-Executive Director | no data | ₹4.20m | 0.079% ₹ 398.7m | |
| Non-Executive Director | 14.83yrs | no data | no data | |
| Non-Executive Director | no data | no data | no data | |
| Independent Director | 1.83yrs | ₹4.60m | no data | |
| Independent Director | 1.83yrs | ₹3.90m | no data | |
| Additional Independent Women Director | 1.33yrs | ₹2.40m | no data | |
| Independent Director | 1.58yrs | ₹3.00m | no data | |
| Independent Director | 1.83yrs | ₹4.70m | no data | |
| Independent Director | 0.83yr | ₹1.00m | no data |
1.8yrs
Average Tenure
63yo
Average Age
Experienced Board: HDFCAMC's board of directors are not considered experienced ( 1.8 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: HDFCAMC insiders have only sold shares 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
HDFC Asset Management Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: HDFC Asset Management Company Limited
- Ticker: HDFCAMC
- Exchange: NSEI
- Founded: 1999
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: ₹504.227b
- Shares outstanding: 212.84m
- Website: https://www.hdfcfund.com
Number of Employees
Location
- HDFC Asset Management Company Limited
- HDFC House, H. T. Parekh Marg
- 2nd Floor
- Mumbai
- Maharashtra
- 400020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 541729 | BSE (Mumbai Stock Exchange) | INR5 | IN | INR | Aug 2018 | |
| 541729 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Aug 2018 |
| HDFCAMC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Aug 2018 |
Biography
HDFC Asset Management Company Limited is a publically owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It manages equity, fixed incom ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/08 12:44 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2020/06/30 |
| 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.