Sygnia Limited provides investment management and administration services to institutional and retail clients in South Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||R16.99|
|52 Week High||R13.15|
|52 Week Low||R21.25|
|1 Month Change||-2.91%|
|3 Month Change||-5.61%|
|1 Year Change||20.58%|
|3 Year Change||99.88%|
|5 Year Change||6.19%|
|Change since IPO||11.05%|
Recent News & Updates
Sygnia (JSE:SYG) Is Paying Out A Larger Dividend Than Last Year
The board of Sygnia Limited ( JSE:SYG ) has announced that it will be increasing its dividend on the 28th of June to...
Is Sygnia Limited (JSE:SYG) A Smart Pick For Income Investors?
Is Sygnia Limited ( JSE:SYG ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
|SYG||ZA Capital Markets||ZA Market|
Return vs Industry: SYG underperformed the ZA Capital Markets industry which returned 57.5% over the past year.
Return vs Market: SYG matched the ZA Market which returned 20.8% over the past year.
Stable Share Price: SYG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SYG's weekly volatility (4%) has been stable over the past year.
About the Company
Sygnia Limited provides investment management and administration services to institutional and retail clients in South Africa. The company offers multi-manager investment, index-tracking investment, and umbrella retirement funds; and transition management, and stockbroking and securities lending services, as well as manages and administers custom-designed investment strategies. It also provides investment administration services, such as multi-tier unitization, monthly administration reporting, consolidated financial accounting information, monitoring of compliance with mandates and legislation, regulatory reporting, performance and risk analysis reporting, and asset liability modelling.
Sygnia Fundamentals Summary
|SYG fundamental statistics|
Is SYG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SYG income statement (TTM)|
|Cost of Revenue||R360.83m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||1.47|
|Net Profit Margin||31.37%|
How did SYG perform over the long term?See historical performance and comparison
6.1%Current Dividend Yield
Is Sygnia undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SYG (ZAR16.99) is trading above our estimate of fair value (ZAR6.94)
Significantly Below Fair Value: SYG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SYG's PE Ratio (11.5x) is in line with the ZA Capital Markets industry average.
PE vs Market: SYG's PE Ratio (11.5x) is in line with the ZA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SYG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SYG is overvalued based on its PB Ratio (3.5x) compared to the ZA Capital Markets industry average (0.7x).
How is Sygnia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Sygnia 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.
How has Sygnia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SYG has a large one-off loss of ZAR15.1B impacting its March 31 2021 financial results.
Growing Profit Margin: SYG's current net profit margins (31.4%) are higher than last year (29.5%).
Past Earnings Growth Analysis
Earnings Trend: SYG's earnings have grown significantly by 25.7% per year over the past 5 years.
Accelerating Growth: SYG's earnings growth over the past year (27.6%) exceeds its 5-year average (25.7% per year).
Earnings vs Industry: SYG earnings growth over the past year (27.6%) underperformed the Capital Markets industry 35.2%.
Return on Equity
High ROE: SYG's Return on Equity (30.7%) is considered high.
How is Sygnia's financial position?
Financial Position Analysis
Short Term Liabilities: SYG's short term assets (ZAR688.5M) exceed its short term liabilities (ZAR493.2M).
Long Term Liabilities: SYG's short term assets (ZAR688.5M) do not cover its long term liabilities (ZAR117.1B).
Debt to Equity History and Analysis
Debt Level: SYG's debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: SYG's debt to equity ratio has increased from 0% to 24.4% over the past 5 years.
Debt Coverage: SYG's debt is well covered by operating cash flow (218.3%).
Interest Coverage: SYG earns more interest than it pays, so coverage of interest payments is not a concern.
What is Sygnia current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SYG's dividend (6.06%) is higher than the bottom 25% of dividend payers in the ZA market (3.11%).
High Dividend: SYG's dividend (6.06%) is low compared to the top 25% of dividend payers in the ZA market (8.07%).
Stability and Growth of Payments
Stable Dividend: SYG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SYG's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.5%), SYG's 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. David Roy Hufton has been the Chief Executive Officer of Sygnia Limited since April 3, 2020 and its Executive Director since September 01, 2018. He served as Deputy Chief Executive Officer of Sygnia Lt...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD553.61K) is about average for companies of similar size in the ZA market ($USD473.63K).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Experienced Management: SYG's management team is considered experienced (4.8 years average tenure).
Experienced Board: SYG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sygnia Limited's employee growth, exchange listings and data sources
- Name: Sygnia Limited
- Ticker: SYG
- Exchange: JSE
- Founded: 2007
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: R2.536b
- Shares outstanding: 149.63m
- Website: https://www.sygnia.co.za
Number of Employees
- Sygnia Limited
- The Foundry
- 7th Floor
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 17:04|
|End of Day Share Price||2021/10/20 00:00|
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.