Old Mutual Limited, through its subsidiaries, provides financial services to retail and corporate customers in South Africa and the rest of Africa, and Asia.
Old Mutual Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R15.79|
|52 Week High||R9.33|
|52 Week Low||R17.01|
|1 Month Change||5.27%|
|3 Month Change||22.59%|
|1 Year Change||57.90%|
|3 Year Change||-30.35%|
|5 Year Change||-53.45%|
|Change since IPO||6.28%|
Recent News & Updates
|OMU||ZA Insurance||ZA Market|
Return vs Industry: OMU exceeded the ZA Insurance industry which returned 28.2% over the past year.
Return vs Market: OMU exceeded the ZA Market which returned 20.8% over the past year.
Stable Share Price: OMU is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OMU's weekly volatility (5%) has been stable over the past year.
About the Company
Old Mutual Limited, through its subsidiaries, provides financial services to retail and corporate customers in South Africa and the rest of Africa, and Asia. The company offers life and savings, property and casualty insurance, asset management, and banking and lending products and services. It distributes its products through independent advisers, branches, bancassurance, direct and digital channels, and worksites.
Old Mutual Fundamentals Summary
|OMU fundamental statistics|
Is OMU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OMU income statement (TTM)|
|Cost of Revenue||R182.27b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.75|
|Net Profit Margin||1.57%|
How did OMU perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is Old Mutual 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: Insufficient data to calculate OMU's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate OMU's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: OMU is poor value based on its PE Ratio (21.2x) compared to the ZA Insurance industry average (20.8x).
PE vs Market: OMU is poor value based on its PE Ratio (21.2x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: OMU is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: OMU is good value based on its PB Ratio (1.1x) compared to the ZA Insurance industry average (2.1x).
How is Old Mutual forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OMU's forecast earnings growth (13.5% per year) is above the savings rate (8.8%).
Earnings vs Market: OMU's earnings (13.5% per year) are forecast to grow faster than the ZA market (13.3% per year).
High Growth Earnings: OMU's earnings are forecast to grow, but not significantly.
Revenue vs Market: OMU's revenue is expected to decline over the next 3 years (-38.2% per year).
High Growth Revenue: OMU's revenue is forecast to decline over the next 3 years (-38.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OMU's Return on Equity is forecast to be low in 3 years time (11.4%).
How has Old Mutual performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OMU has high quality earnings.
Growing Profit Margin: OMU became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OMU's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: OMU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OMU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (117.2%).
Return on Equity
High ROE: OMU's Return on Equity (5.7%) is considered low.
How is Old Mutual's financial position?
Financial Position Analysis
Short Term Liabilities: OMU's short term assets (ZAR89.5B) do not cover its short term liabilities (ZAR154.2B).
Long Term Liabilities: OMU's short term assets (ZAR89.5B) do not cover its long term liabilities (ZAR763.7B).
Debt to Equity History and Analysis
Debt Level: OMU's debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: OMU's debt to equity ratio has reduced from 42.9% to 24.2% over the past 5 years.
Debt Coverage: OMU's debt is well covered by operating cash flow (63.7%).
Interest Coverage: OMU's interest payments on its debt are well covered by EBIT (16.9x coverage).
What is Old Mutual current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OMU's dividend (3.17%) is higher than the bottom 25% of dividend payers in the ZA market (3.11%).
High Dividend: OMU's dividend (3.17%) is low compared to the top 25% of dividend payers in the ZA market (8.07%).
Stability and Growth of Payments
Stable Dividend: OMU's dividend payments have been volatile in the past 10 years.
Growing Dividend: OMU's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.2%), OMU's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OMU's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Iain Williamson (51 yo)
Mr. Iain George Williamson serves as Non-Executive Director at Old Mutual Insure Ltd. since June 8, 2020. He serves as Chief Executive Officer at Old Mutual Life Assurance Company (South Africa) Ltd.since...
CEO Compensation Analysis
Compensation vs Market: Iain's total compensation ($USD674.02K) is below average for companies of similar size in the ZA market ($USD1.70M).
Compensation vs Earnings: Iain's compensation has been consistent with company performance over the past year.
Experienced Management: OMU's management team is considered experienced (2.4 years average tenure).
Experienced Board: OMU's board of directors are considered experienced (3.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Old Mutual Limited's employee growth, exchange listings and data sources
- Name: Old Mutual Limited
- Ticker: OMU
- Exchange: JSE
- Founded: 1845
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: R74.348b
- Shares outstanding: 4.71b
- Website: https://www.oldmutual.com
Number of Employees
- Old Mutual Limited
- Jan Smuts Drive
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 21:58|
|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.