Loading...

Coronation Fund Managers

OTCPK:COFU.F
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COFU.F
OTCPK
ZAR16B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Coronation Fund Managers Limited is a publicly owned investment manager. The last earnings update was 107 days ago. More info.


Add to Portfolio Compare Print
  • Coronation Fund Managers is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
COFU.F Share Price and Events
7 Day Returns
0%
OTCPK:COFU.F
-0.2%
US Capital Markets
0.4%
US Market
1 Year Returns
-
OTCPK:COFU.F
-12.4%
US Capital Markets
3.5%
US Market
COFU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coronation Fund Managers (COFU.F) 0% 0% - - - -
US Capital Markets -0.2% -1.4% 11.7% -12.4% 55.2% 57.9%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • No trading data on COFU.F.
  • No trading data on COFU.F.
Price Volatility
COFU.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Coronation Fund Managers's competitors could be found in our database.

COFU.F Value

 Is Coronation Fund Managers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coronation Fund Managers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coronation Fund Managers.

OTCPK:COFU.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ZAR5.99 * 68.8%
ZAR4.12
Book Value of Equity per Share Median Book Value from the past 5 years. ZAR5.99
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:COFU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 28%) (1.91%))
0.823
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.823 * 5.96%)
7.64%

Discounted Cash Flow Calculation for OTCPK:COFU.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Coronation Fund Managers is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:COFU.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (68.8% – 7.64%) * ZAR5.99)
ZAR3.67
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ZAR3.67 / (7.64% - 2.73%)
ZAR74.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ZAR5.99 + ZAR74.72
ZAR80.72
OTCPK:COFU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:COFU.F represents 0.0624x of JSE:CML
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0624x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 80.72 x 0.0624
$5.04
Value per share (USD) From above. $5.04
Current discount Discount to share price of $2.80
= -1 x ($2.80 - $5.04) / $5.04
44.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coronation Fund Managers is available for.
Intrinsic value
44%
Share price is $2.8 vs Future cash flow value of $5.04
Current Discount Checks
For Coronation Fund Managers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coronation Fund Managers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Coronation Fund Managers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coronation Fund Managers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coronation Fund Managers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:COFU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in ZAR ZAR4.21
JSE:CML Share Price ** JSE (2018-12-28) in ZAR ZAR44.87
United States of America Capital Markets Industry PE Ratio Median Figure of 78 Publicly-Listed Capital Markets Companies 23.69x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coronation Fund Managers.

OTCPK:COFU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:CML Share Price ÷ EPS (both in ZAR)

= 44.87 ÷ 4.21

10.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coronation Fund Managers is good value based on earnings compared to the US Capital Markets industry average.
  • Coronation Fund Managers is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Coronation Fund Managers's expected growth come at a high price?
Raw Data
OTCPK:COFU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
2.6%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.14x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:COFU.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.67x ÷ 2.6%

4.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coronation Fund Managers is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coronation Fund Managers's assets?
Raw Data
OTCPK:COFU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in ZAR ZAR5.99
JSE:CML Share Price * JSE (2018-12-28) in ZAR ZAR44.87
United States of America Capital Markets Industry PB Ratio Median Figure of 150 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:COFU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:CML Share Price ÷ Book Value per Share (both in ZAR)

= 44.87 ÷ 5.99

7.49x

* Primary Listing of Coronation Fund Managers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coronation Fund Managers is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Coronation Fund Managers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Coronation Fund Managers has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COFU.F Future Performance

 How is Coronation Fund Managers expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coronation Fund Managers expected to grow at an attractive rate?
  • Coronation Fund Managers's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Coronation Fund Managers's earnings growth is positive but not above the United States of America market average.
  • Coronation Fund Managers's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:COFU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:COFU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 2.6%
OTCPK:COFU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.4%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:COFU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:COFU.F Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 1,600
2021-09-30 4,020 2,097 1,559 2
2020-09-30 3,735 1,760 1,415 2
2019-09-30 3,551 1,631 1,300 2
OTCPK:COFU.F Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2018-09-30 3,848 -687 1,471
2018-06-30 3,957 -378 1,507
2018-03-31 4,104 -69 1,542
2017-12-31 4,033 250 1,533
2017-09-30 3,923 569 1,523
2017-06-30 3,943 -705 1,528
2017-03-31 3,963 -1,978 1,533
2016-12-31 4,031 205 1,554
2016-09-30 4,099 2,387 1,574
2016-06-30 4,242 3,597 1,664
2016-03-31 4,385 4,806 1,753
2015-12-31 4,437 304 1,783

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coronation Fund Managers's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Coronation Fund Managers's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:COFU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Coronation Fund Managers Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:COFU.F Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30
2021-09-30 4.35 4.35 4.35 1.00
2020-09-30 4.13 4.13 4.13 1.00
2019-09-30 3.79 3.79 3.79 1.00
OTCPK:COFU.F Past Financials Data
Date (Data in ZAR Millions) EPS *
2018-09-30 4.21
2018-06-30 4.30
2018-03-31 4.40
2017-12-31 4.38
2017-09-30 4.35
2017-06-30 4.37
2017-03-31 4.39
2016-12-31 4.44
2016-09-30 4.50
2016-06-30 4.76
2016-03-31 5.01
2015-12-31 5.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Coronation Fund Managers is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Coronation Fund Managers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coronation Fund Managers has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COFU.F Past Performance

  How has Coronation Fund Managers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coronation Fund Managers's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coronation Fund Managers's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Coronation Fund Managers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Coronation Fund Managers's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Coronation Fund Managers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coronation Fund Managers Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:COFU.F Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3,848.00 1,471.00 1,933.00
2018-06-30 3,957.00 1,506.50 1,965.00
2018-03-31 4,104.00 1,542.00 174.00
2017-12-31 4,032.50 1,532.50 142.50
2017-09-30 3,923.00 1,523.00 1,934.00
2017-06-30 3,943.00 1,528.00 1,488.50
2017-03-31 3,963.00 1,533.00 1,043.00
2016-12-31 4,031.00 1,553.50 583.00
2016-09-30 4,099.00 1,574.00 123.00
2016-06-30 4,242.00 1,663.50 106.50
2016-03-31 4,385.00 1,753.00 90.00
2015-12-31 4,436.50 1,782.50 89.50
2015-09-30 4,488.00 1,812.00 89.00
2015-06-30 4,590.50 1,855.50 87.00
2015-03-31 4,693.00 1,899.00 85.00
2014-12-31 4,759.00 1,950.00 84.50
2014-09-30 4,825.00 2,001.00 84.00
2014-06-30 4,662.00 1,924.50 76.50
2014-03-31 4,499.00 1,848.00 69.00
2013-12-31 4,083.00 1,651.50 68.50
2013-09-30 3,667.00 1,455.00 68.00
2013-06-30 3,114.25 1,207.56 64.29
2013-03-31 2,561.51 960.12 60.57
2012-12-31 2,279.75 822.06 60.79
2012-09-30 1,998.00 684.00 61.00
2012-06-30 1,906.28 652.51 58.69
2012-03-31 1,814.57 621.01 56.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coronation Fund Managers made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if Coronation Fund Managers has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • Coronation Fund Managers has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coronation Fund Managers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coronation Fund Managers has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COFU.F Health

 How is Coronation Fund Managers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coronation Fund Managers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coronation Fund Managers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Coronation Fund Managers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coronation Fund Managers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coronation Fund Managers Company Filings, last reported 5 months ago.

OTCPK:COFU.F Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,256.00 300.00 962.00
2018-06-30 2,256.00 300.00 962.00
2018-03-31 2,268.00 300.00 553.00
2017-12-31 2,268.00 300.00 553.00
2017-09-30 2,272.00 300.00 715.00
2017-06-30 2,272.00 300.00 715.00
2017-03-31 2,202.00 300.00 524.00
2016-12-31 2,202.00 300.00 524.00
2016-09-30 2,178.00 300.00 685.00
2016-06-30 2,178.00 300.00 685.00
2016-03-31 2,241.00 300.00 498.00
2015-12-31 2,241.00 300.00 498.00
2015-09-30 2,169.00 300.00 868.00
2015-06-30 2,169.00 300.00 868.00
2015-03-31 2,061.00 303.00 581.00
2014-12-31 2,061.00 303.00 581.00
2014-09-30 2,196.00 152.00 832.00
2014-06-30 2,196.00 152.00 832.00
2014-03-31 2,099.00 150.00 838.00
2013-12-31 2,099.00 150.00 838.00
2013-09-30 2,007.00 0.00 294.00
2013-06-30 2,007.00 0.00 294.00
2013-03-31 1,673.79 0.00 415.31
2012-12-31 1,673.79 0.00 415.31
2012-09-30 1,475.00 0.00 426.00
2012-06-30 1,475.00 0.00 426.00
2012-03-31 1,393.22 20.30 215.75
  • Coronation Fund Managers's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 13.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Coronation Fund Managers earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Coronation Fund Managers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coronation Fund Managers has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COFU.F Dividends

 What is Coronation Fund Managers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.36%
Current annual income from Coronation Fund Managers dividends. Estimated to be 8.99% next year.
If you bought $2,000 of Coronation Fund Managers shares you are expected to receive $187 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Coronation Fund Managers's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Coronation Fund Managers's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:COFU.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:COFU.F Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30 4.41 2.00
2020-09-30 4.01 2.00
2019-09-30 3.68 2.00
OTCPK:COFU.F Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2018-12-05 4.200 10.032
2018-11-20 4.200 9.100
2017-11-22 4.370 6.857
2017-11-21 4.370 5.909
2016-11-23 4.470 6.562
2016-11-15 4.470 6.132
2015-11-10 5.160 7.859
2014-11-24 5.920 6.780
2014-11-11 5.920 5.864
2014-05-20 5.500 5.656
2013-11-12 5.060 5.797
2013-05-15 3.260 4.843
2012-12-07 2.220 4.811
2012-11-13 2.060 5.544
2012-05-16 1.900 6.468
2012-05-15 1.900 6.998
2011-12-23 1.840 6.872
2011-11-08 1.840 8.003
2011-05-30 1.600 7.989
2011-05-17 1.600 8.370
2010-12-10 1.520 8.561
2010-11-09 1.520 8.921
2010-05-07 0.880 7.032
2009-11-10 0.500 5.497
2009-09-30 0.500 6.525
2009-05-13 0.430 6.705
2009-03-23 0.620 11.686

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Coronation Fund Managers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Coronation Fund Managers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coronation Fund Managers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coronation Fund Managers has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COFU.F Management

 What is the CEO of Coronation Fund Managers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anton Pillay
COMPENSATION ZAR10,507,000
AGE 48
TENURE AS CEO 6.1 years
CEO Bio

Mr. Anton Clarence Pillay, BBusSc, CA (SA), CFA, AMP (Harvard), serves as the Chief Executive Officer and Executive Director at Coronation Fund Managers Limited. Mr. Pillay has been the Chief Executive Officer, since February 1, 2013 and Executive Director, since June 25, 2009. Previously, he served as the Chief Operating Officer from January 2006 to January 31, 2013 at the firm. Mr. Pillay is directly responsible for operations, marketing, finance, human resources and corporate finance with input into other areas of the business. He serves as the Chief Executive Officer at Coronation Asset Management Proprietary Ltd. Mr. Pillay also serves as a Director of the firm. He joined the firm in 2006. Mr. Pillay serves as Chairperson of Namibia Asset Management Ltd. and served as its Acting Chairperson. He has been a Non-Executive Director of Namibia Asset Management Ltd. since February 20, 2009. Mr. Pillay has been a Director of Coronation Global Fund Managers (Ireland) Limited, since October 24, 2012. Prior to this, he served at BoE (Pty) Ltd., where he held a number of key positions and directorships, including Assistant General Manager of the private bank, Professional Assistant to the Chief Executive Officer and Head of banking. Mr. Pillay has extensive knowledge and experience of the investment and banking industry. He is a Chartered Accountant from The South African Institute of Chartered Accountants (SAICA). Mr. Pillay attended Advanced Management Program in Harvard University.

CEO Compensation
  • Anton's compensation has been consistent with company performance over the past year.
  • Anton's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Coronation Fund Managers management team in years:

10.3
Average Tenure
  • The average tenure for the Coronation Fund Managers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anton Pillay

TITLE
CEO & Executive Director
COMPENSATION
ZAR11M
AGE
48
TENURE
6.1 yrs

John Snalam

TITLE
CFO & Executive Director
COMPENSATION
ZAR5M
AGE
59
TENURE
26.2 yrs

Karl Leinberger

TITLE
Chief Investment Officer
TENURE
10.8 yrs

Mark Le Roux

TITLE
Senior Member of Fixed Interest Unit & Portfolio Manager

Kirshni Totaram

TITLE
Global Head of Institutional Business
TENURE
18.7 yrs

Clinton Martin

TITLE
Group Financial Manager
TENURE
10.3 yrs

Nishan Maharaj

TITLE
Head of Fixed Income
TENURE
2.3 yrs

Lee-Anne Parenzee

TITLE
Company Secretary
TENURE
6.3 yrs

Neville Chester

TITLE
Senior Portfolio Manager

Gavin Joubert

TITLE
Head of Emerging Markets & Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Coronation Fund Managers board of directors in years:

9.8
Average Tenure
53.5
Average Age
  • The tenure for the Coronation Fund Managers board of directors is about average.
Board of Directors

Shams Pather

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR1M
AGE
68
TENURE
10 yrs

Anton Pillay

TITLE
CEO & Executive Director
COMPENSATION
ZAR11M
AGE
48
TENURE
9.8 yrs

John Snalam

TITLE
CFO & Executive Director
COMPENSATION
ZAR5M
AGE
59
TENURE
6.3 yrs

Andre du Plessis

TITLE
Chairman of Coronation Fund Managers in Ireland and Director of Coronation Fund Managers in Ireland
TENURE
13.9 yrs

Hugo Nelson

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR792K
AGE
48
TENURE
2.3 yrs

Judith February

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR678K
AGE
46
TENURE
10.6 yrs

Alex Watson

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR825K
AGE
62
TENURE
1.4 yrs

Jock McKenzie

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR831K
AGE
71
TENURE
9.8 yrs

Lulama Boyce

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR542K
AGE
39
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Coronation Fund Managers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coronation Fund Managers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COFU.F News

Simply Wall St News

COFU.F Company Info

Description

Coronation Fund Managers Limited is a publicly owned investment manager. The firm provides its services to pension and provident funds, medical schemes, unit trusts, banks, insurers and other fund managers, international retirement funds, endowments and family offices. It launches and manages equity, fixed income, and balanced mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental analysis with bottom-up stock picking approach. Coronation Fund Managers Limited was founded in 1993 and is based in Cape Town, South Africa.

Details
Name: Coronation Fund Managers Limited
COFU.F
Exchange: OTCPK
Founded: 1993
ZAR1,085,922,241
349,799,102
Website: http://www.coronation.com
Address: Coronation Fund Managers Limited
MontClare Place,
7th Floor,
Cape Town,
Western Cape, 7708,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE CML Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 13. Jun 2003
OTCPK COFU.F Ordinary Shares Pink Sheets LLC US USD 13. Jun 2003
Number of employees
Current staff
Staff numbers
0
Coronation Fund Managers employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:58
End of day share price update: 2018/12/28 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2018/12/05
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.