Ninety One Ltd
F:L91
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Intrinsic Value
The intrinsic value of Ninety One Ltd (L91) under the Base Case is 2.37 EUR per share. Compared with the current market price of 2.22 EUR, the stock appears Undervalued by 6% .
The intrinsic value is calculated using the DCF method.
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Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Ninety One Does
Ninety One is an active investment manager that runs money for clients instead of selling physical products. It builds and manages portfolios across shares, bonds, and other assets, and it also offers specialist investment strategies such as emerging markets, income, fixed income, and responsible investing. Its main customers are pension funds, sovereign wealth funds, insurers, financial advisers, wealth managers, and individual investors who buy its funds or mandate it to manage capital on their behalf.
- Headquarters
- South Africa ZA
- Employees
- 1 289
- IPO date
- Mar 16, 2020
Ninety One has no economic moat
Investors and advisers can choose among competing active funds and index funds, so Ninety One must keep winning their business rather than rely on customers being locked in. Its Sanlam relationship and emerging-markets experience may help it attract clients, but they do not make its wider range of funds uniquely valuable or prevent rivals from competing.
Read the full moat analysis
Earnings Waterfall
Ninety One Ltd
What is the Intrinsic Value of one L91 stock?
The intrinsic value for Ninety One Ltd (L91) under the Base Case is 2.37 EUR.
Is L91 stock undervalued or overvalued?
Compared with the current market price of 2.22 EUR, the stock appears Undervalued by 6% .