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NAM

Namibia Asset ManagementNMSE:NAM Stock Report

Market Cap

R102.6m

7D

0%

1Y

6.5%

Updated

04 Oct, 2021

Data

Company Financials
NAM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

NAM Overview

Namibia Asset Management Limited is publicly owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for Namibia Asset Management
Historical stock prices
Current Share PriceR0.66
52 Week HighR0.63
52 Week LowR0.66
Beta-0.068
1 Month Change0%
3 Month Changen/a
1 Year Change6.45%
3 Year Changen/a
5 Year Change-12.00%
Change since IPO-26.67%

Recent News & Updates

Shareholder Returns

NAMNA Capital MarketsNA Market
7D0%5.4%1.0%
1Y6.5%45.2%-1.9%

Return vs Industry: NAM underperformed the NA Capital Markets industry which returned 43.1% over the past year.

Return vs Market: NAM exceeded the NA Market which returned -1.7% over the past year.

Price Volatility

Is NAM's price volatile compared to industry and market?
NAM volatility
NAM Beta-0.068
Industry Beta0.87
Market Beta1

Stable Share Price: Insufficient data to determine NAM's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine NAM's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aTarah Shaanikahttps://www.namasset.com.na

Namibia Asset Management Limited is publicly owned investment manager. It provides its services to pension funds, provident funds, medical aid schemes and trusts, institutional, and individual investors. The firm manages separate client-focused portfolios.

Namibia Asset Management Fundamentals Summary

How do Namibia Asset Management's earnings and revenue compare to its market cap?
NAM fundamental statistics
Market CapN$102.14m
Earnings (TTM)N$15.74m
Revenue (TTM)N$100.51m

6.5x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NAM income statement (TTM)
RevenueN$100.51m
Cost of RevenueN$72.79m
Gross ProfitN$27.72m
ExpensesN$11.98m
EarningsN$15.74m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin27.58%
Net Profit Margin15.66%
Debt/Equity Ratio1.5%

How did NAM perform over the long term?

See historical performance and comparison

Dividends

10.7%

Current Dividend Yield

69%

Payout Ratio

Valuation

Is Namibia Asset Management undervalued compared to its fair value and its price relative to the market?

46.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NAM (ZAR0.66) is trading below our estimate of fair value (ZAR1.24)

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


Price To Earnings Ratio

PE vs Industry: NAM is good value based on its PE Ratio (6.5x) compared to the African Capital Markets industry average (10.6x).

PE vs Market: NAM is good value based on its PE Ratio (6.5x) compared to the NA market (7.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NAM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NAM is overvalued based on its PB Ratio (3.9x) compared to the XF Capital Markets industry average (1x).


Future Growth

How is Namibia Asset Management forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.4%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Namibia Asset Management has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Namibia Asset Management performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NAM has high quality earnings.

Growing Profit Margin: NAM's current net profit margins (15.7%) are lower than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: NAM's earnings have grown by 0.3% per year over the past 5 years.

Accelerating Growth: NAM's earnings growth over the past year (1.3%) exceeds its 5-year average (0.3% per year).

Earnings vs Industry: NAM earnings growth over the past year (1.3%) underperformed the Capital Markets industry 30.4%.


Return on Equity

High ROE: NAM's Return on Equity (60.4%) is considered outstanding.


Financial Health

How is Namibia Asset Management's financial position?


Financial Position Analysis

Short Term Liabilities: NAM's short term assets (NAD40.6M) exceed its short term liabilities (NAD23.0M).

Long Term Liabilities: NAM's short term assets (NAD40.6M) exceed its long term liabilities (NAD2.7M).


Debt to Equity History and Analysis

Debt Level: NAM's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: NAM's debt to equity ratio has increased from 0.4% to 1.5% over the past 5 years.

Debt Coverage: NAM's debt is well covered by operating cash flow (4088.2%).

Interest Coverage: NAM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Namibia Asset Management current dividend yield, its reliability and sustainability?

10.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NAM's dividend (10.66%) is higher than the bottom 25% of dividend payers in the NA market (3.28%).

High Dividend: NAM's dividend (10.66%) is in the top 25% of dividend payers in the NA market (7.6%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.5%), NAM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.6yrs

Average board tenure


CEO

Tarah Shaanika (50 yo)

0.75

Tenure

N$100,548

Compensation

Mr. Tarah N. Shaanika, BA (Economics and Media Studies), MIB has been Executive Director and Chief Executive Officer of Namibian Asset Management since January 04, 2021 and had been its Independent Non-Exe...


Board Members

Experienced Board: NAM's board of directors are considered experienced (9.6 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Namibia Asset Management Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Namibia Asset Management Limited
  • Ticker: NAM
  • Exchange: NMSE
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: R102.616m
  • Shares outstanding: 155.48m
  • Website: https://www.namasset.com.na

Number of Employees


Location

  • Namibia Asset Management Limited
  • Millenium House
  • Dr AB May Street & Robert Mugabe Avenue
  • Windhoek
  • Namibia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/04 17:04
End of Day Share Price2021/07/07 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.