NINETY ONE GROUP Financials Ninety One Group Johannesburg S.E.
Equities
NY1
ZAE000282356
Investment Management & Fund Operators
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38 ZAR | -0.24% |
|
-1.63% | -11.57% |
| 06-24 | U.K. Stocks Rise Monday | DJ |
| 06-21 | Forty Two Point Two buys Ninety One shares for GBP1.2 million | AN |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,543 | 2,180 | 2,323 | 1,688 | 1,534 | 1,501 | - | - |
| Enterprise Value (EV) 1 | 1,349 | 1,842 | 2,026 | 1,411 | 1,534 | 1,147 | 1,116 | 1,075 |
| P/E ratio | 10.3 x | 14.1 x | 11.4 x | 10.2 x | 9.33 x | 9.95 x | 9.59 x | 8.89 x |
| Yield | - | 5.28% | 5.73% | 7.13% | 7.2% | 7.47% | 7.62% | 8.21% |
| Capitalization / Revenue | 2.62 x | 3.61 x | 3.5 x | 2.69 x | 2.61 x | 2.55 x | 2.46 x | 2.31 x |
| EV / Revenue | 2.29 x | 3.05 x | 3.05 x | 2.25 x | 2.61 x | 1.95 x | 1.83 x | 1.65 x |
| EV / EBITDA | 7.01 x | 8.27 x | 8.26 x | 6.36 x | 7.67 x | 5.95 x | 5.65 x | 4.74 x |
| EV / FCF | 1.69 x | - | 3.1 x | 19.2 x | - | 7.88 x | 7.3 x | 6.54 x |
| FCF Yield | 59.3% | - | 32.2% | 5.2% | - | 12.7% | 13.7% | 15.3% |
| Price to Book | 10.6 x | 8.7 x | 6.88 x | 4.89 x | - | 3.78 x | 3.48 x | 3.19 x |
| Nbr of stocks (in thousands) | 922,714 | 916,332 | 911,798 | 911,798 | 901,256 | 901,256 | - | - |
| Reference price 2 | 1.729 | 2.388 | 2.548 | 1.852 | 1.708 | 1.674 | 1.674 | 1.674 |
| Announcement Date | 20/05/20 | 19/05/21 | 18/05/22 | 17/05/23 | 05/06/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 588 | 603.5 | 663.9 | 627.1 | 588.5 | 589.4 | 610.4 | 649.5 |
| EBITDA 1 | 192.4 | 222.8 | 245.4 | 221.7 | 200.1 | 192.7 | 197.6 | 226.6 |
| EBIT 1 | 189.9 | 206.2 | 230.4 | 206.9 | 190.5 | 179.3 | 188.2 | 208.3 |
| Operating Margin | 32.3% | 34.17% | 34.7% | 32.99% | 32.37% | 30.43% | 30.84% | 32.07% |
| Earnings before Tax (EBT) 1 | 198.5 | 204.1 | 267.1 | 212.6 | 216.8 | 202.7 | 209.7 | 227.1 |
| Net income 1 | 155.4 | 154.4 | 205.3 | 163.8 | 163.9 | 150.6 | 156.5 | 169.2 |
| Net margin | 26.43% | 25.58% | 30.92% | 26.12% | 27.85% | 25.55% | 25.64% | 26.06% |
| EPS 2 | 0.1680 | 0.1690 | 0.2240 | 0.1810 | 0.1830 | 0.1683 | 0.1746 | 0.1882 |
| Free Cash Flow 1 | 800.2 | - | 653.2 | 73.4 | - | 145.6 | 152.9 | 164.4 |
| FCF margin | 136.09% | - | 98.39% | 11.7% | - | 24.7% | 25.05% | 25.31% |
| FCF Conversion (EBITDA) | 415.9% | - | 266.18% | 33.11% | - | 75.56% | 77.37% | 72.54% |
| FCF Conversion (Net income) | 514.93% | - | 318.17% | 44.81% | - | 96.71% | 97.68% | 97.15% |
| Dividend per Share 2 | - | 0.1260 | 0.1460 | 0.1320 | 0.1230 | 0.1251 | 0.1275 | 0.1374 |
| Announcement Date | 20/05/20 | 19/05/21 | 18/05/22 | 17/05/23 | 05/06/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 211.7 | 297.3 | 314.7 | 328.4 | 335.5 | 323.8 | 303.3 | 299.6 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 95.8 | 96.2 | 110 | 115.6 | 114.8 | 107.9 | 99 | 97.9 |
| Operating Margin | 45.24% | 32.36% | 34.95% | 35.2% | 34.22% | 33.32% | 32.64% | 32.68% |
| Earnings before Tax (EBT) | 135 | - | - | - | - | - | - | - |
| Net income 1 | 83.1 | 72.5 | 81.9 | 101.4 | 103.9 | 84.7 | 79.1 | 79.3 |
| Net margin | 39.25% | 24.39% | 26.02% | 30.88% | 30.97% | 26.16% | 26.08% | 26.47% |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.0590 | 0.0670 | 0.0690 | 0.0770 | 0.0650 | 0.0670 | 0.0590 |
| Announcement Date | 20/05/20 | 17/11/20 | 19/05/21 | 16/11/21 | 18/05/22 | 15/11/22 | 17/05/23 | 15/11/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 195 | 338 | 297 | 277 | - | 353 | 385 | 426 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 800 | - | 653 | 73.4 | - | 146 | 153 | 164 |
| ROE (net income / shareholders' equity) | 90.2% | 76.5% | 69% | 47.4% | - | 36.9% | 35.5% | 34.9% |
| ROA (Net income/ Total Assets) | 1.9% | 1.76% | 1.9% | - | - | 1.22% | 1.29% | 1.37% |
| Assets 1 | 8,196 | 8,778 | 10,793 | - | - | 12,341 | 12,134 | 12,352 |
| Book Value Per Share 2 | 0.1600 | 0.2700 | 0.3700 | 0.3800 | - | 0.4400 | 0.4800 | 0.5300 |
| Cash Flow per Share 2 | 0.8800 | 0.5000 | 0.7100 | 0.0800 | - | 0.2200 | 0.2200 | - |
| Capex 1 | - | - | 1.4 | 1.2 | - | 11.8 | 12.4 | 13.1 |
| Capex / Sales | - | - | 0.21% | 0.19% | - | 2% | 2.03% | 2.02% |
| Announcement Date | 20/05/20 | 19/05/21 | 18/05/22 | 17/05/23 | 05/06/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
1.674
GBP
Average target price
1.771
GBP
Spread / Average Target
+5.82%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.34% | 94.38B | |
| +26.70% | 67.18B | |
| +7.06% | 64.45B | |
| +15.06% | 44.79B | |
| +12.47% | 42.43B | |
| +26.64% | 37.37B | |
| +7.08% | 25.75B | |
| -4.47% | 22.29B | |
| -0.28% | 18.39B |
- Stock Market
- Equities
- N91 Stock
- NY1 Stock
- Financials Ninety One Group
