company background image
IVZ

InvescoNYSE:IVZ Stock Report

Last Price

US$21.94

Market Cap

US$10.4b

7D

-11.9%

1Y

4.6%

Updated

21 Jan, 2022

Data

Company Financials +
IVZ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

IVZ Stock Overview

Invesco Ltd. is a publicly owned investment manager.

Invesco Competitors

Blackstone

NYSE:BX

US$133.6b

BlackRock

NYSE:BLK

US$125.4b

KKR

NYSE:KKR

US$57.4b

Bank of New York Mellon

NYSE:BK

US$48.2b

Price History & Performance

Summary of all time highs, changes and price drops for Invesco
Historical stock prices
Current Share PriceUS$21.94
52 Week HighUS$29.71
52 Week LowUS$20.47
Beta1.23
1 Month Change-3.77%
3 Month Change-12.66%
1 Year Change4.63%
3 Year Change15.35%
5 Year Change-25.65%
Change since IPO222.65%

Recent News & Updates

Nov 02

Invesco: Further Gains On The Cards

Q3 showed growing AUM, growing sales and adjusted operating margins of over 40%. Chinese business set to drive the next wave of growth for the firm. Despite the run-up in shares, the valuation remains attractive here.

Shareholder Returns

IVZUS Capital MarketsUS Market
7D-11.9%-4.0%-4.0%
1Y4.6%25.3%6.6%

Return vs Industry: IVZ underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: IVZ matched the US Market which returned 7.7% over the past year.

Price Volatility

Is IVZ's price volatile compared to industry and market?
IVZ volatility
IVZ Average Weekly Movement4.7%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: IVZ is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: IVZ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19358,507Marty Flanaganhttps://www.invesco.com

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client-focused equity and fixed income portfolios.

Invesco Fundamentals Summary

How do Invesco's earnings and revenue compare to its market cap?
IVZ fundamental statistics
Market CapUS$10.44b
Earnings (TTM)US$1.18b
Revenue (TTM)US$6.76b

8.6x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IVZ income statement (TTM)
RevenueUS$6.76b
Cost of RevenueUS$4.57b
Gross ProfitUS$2.19b
ExpensesUS$1.01b
EarningsUS$1.18b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)2.55
Gross Margin32.40%
Net Profit Margin17.41%
Debt/Equity Ratio12.8%

How did IVZ perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is Invesco undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IVZ ($22.64) is trading below our estimate of fair value ($69.87)

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


Price To Earnings Ratio

PE vs Industry: IVZ is good value based on its PE Ratio (8.9x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: IVZ is good value based on its PE Ratio (8.9x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: IVZ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: IVZ is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (37.6x).


Future Growth

How is Invesco forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IVZ's earnings are forecast to decline over the next 3 years (-0.7% per year).

Earnings vs Market: IVZ's earnings are forecast to decline over the next 3 years (-0.7% per year).

High Growth Earnings: IVZ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IVZ's revenue (3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: IVZ'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: IVZ's Return on Equity is forecast to be low in 3 years time (10%).


Past Performance

How has Invesco performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVZ has high quality earnings.

Growing Profit Margin: IVZ's current net profit margins (17.4%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: IVZ's earnings have declined by 7.3% per year over the past 5 years.

Accelerating Growth: IVZ's earnings growth over the past year (138.6%) exceeds its 5-year average (-7.3% per year).

Earnings vs Industry: IVZ earnings growth over the past year (138.6%) exceeded the Capital Markets industry 87.1%.


Return on Equity

High ROE: IVZ's Return on Equity (10.7%) is considered low.


Financial Health

How is Invesco's financial position?


Financial Position Analysis

Short Term Liabilities: IVZ's short term assets ($14.9B) exceed its short term liabilities ($2.3B).

Long Term Liabilities: IVZ's short term assets ($14.9B) exceed its long term liabilities ($14.2B).


Debt to Equity History and Analysis

Debt Level: IVZ's net debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: IVZ's debt to equity ratio has reduced from 25.4% to 12.8% over the past 5 years.

Debt Coverage: IVZ's debt is well covered by operating cash flow (79.1%).

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


Balance Sheet


Dividend

What is Invesco current dividend yield, its reliability and sustainability?

3.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IVZ's dividend (3%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: IVZ's dividend (3%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: IVZ's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.1%), IVZ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IVZ's dividends in 3 years are forecast to be well covered by earnings (23.2% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Marty Flanagan (61 yo)

16.42yrs

Tenure

US$11,747,102

Compensation

Mr. Martin L. Flanagan, CFA, CPA, also known as Marty, is the President, Chief Executive Officer and Director of Invesco Ltd. since August 1, 2005. Previously, Mr. Flanagan served as the Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Marty's total compensation ($USD11.75M) is about average for companies of similar size in the US market ($USD11.31M).

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


Leadership Team

Experienced Management: IVZ's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: IVZ's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IVZ 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

Invesco Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Invesco Ltd.
  • Ticker: IVZ
  • Exchange: NYSE
  • Founded: 1935
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$10.442b
  • Shares outstanding: 461.21m
  • Website: https://www.invesco.com

Number of Employees


Location

  • Invesco Ltd.
  • Two Peachtree Pointe
  • 1555 Peachtree Street, NE, Suite 1800
  • Atlanta
  • Georgia
  • 30309
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:14
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
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.