Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 1.1x - 1.2x | 1.2x |
| Selected Fwd Revenue Multiple | 0.9x - 1.0x | 1.0x |
| Fair Value | $3.45 - $3.60 | $3.53 |
| Upside | 17.9% - 22.8% | 20.3% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Janus Henderson Group plc | 0RPW | LSE:0RPW |
| Franklin Resources, Inc. | 0RT6 | LSE:0RT6 |
| SEI Investments Company | SEIC | NasdaqGS:SEIC |
| 3i Group plc | III | LSE:III |
| BlackRock, Inc. | 0QZZ | LSE:0QZZ |
| Man Group Plc | MNGP.F | OTCPK:MNGP.F |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| 0RPW | 0RT6 | SEIC | III | 0QZZ | MNGP.F | |||
| LSE:0RPW | LSE:0RT6 | NasdaqGS:SEIC | LSE:III | LSE:0QZZ | OTCPK:MNGP.F | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 2.4% | 8.4% | 5.2% | 23.9% | 7.0% | 5.2% | ||
| 3Y CAGR | -3.7% | 0.2% | 3.5% | 26.0% | 1.7% | -1.1% | ||
| Latest Twelve Months | 17.7% | 11.0% | 10.7% | -8.4% | 14.3% | 22.8% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 27.1% | 21.9% | 25.8% | 92.3% | 36.7% | 30.2% | ||
| Prior Fiscal Year | 23.0% | 19.1% | 22.4% | 96.9% | 35.5% | 19.5% | ||
| Latest Fiscal Year | 25.9% | 14.8% | 25.9% | 96.0% | 37.6% | 25.2% | ||
| Latest Twelve Months | 25.9% | 14.1% | 25.9% | 96.1% | 37.6% | 25.2% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 1.85x | 1.32x | 4.06x | 3.31x | 6.80x | 0.46x | ||
| EV / LTM EBIT | 7.1x | 9.4x | 15.7x | 3.4x | 18.1x | 1.8x | ||
| Price / LTM Sales | 2.29x | 1.16x | 4.61x | 8.36x | 7.20x | 2.16x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 1.32x | 3.31x | 6.80x | |||||
| Historical EV / LTM Revenue | 0.46x | 1.30x | 2.51x | |||||
| Selected EV / LTM Revenue | 1.10x | 1.16x | 1.22x | |||||
| (x) LTM Revenue | 1,434 | 1,434 | 1,434 | |||||
| (=) Implied Enterprise Value | 1,584 | 1,667 | 1,750 | |||||
| (-) Non-shareholder Claims * | 2,423 | 2,423 | 2,423 | |||||
| (=) Equity Value | 4,007 | 4,090 | 4,173 | |||||
| (/) Shares Outstanding | 1,150.2 | 1,150.2 | 1,150.2 | |||||
| Implied Value Range | 3.48 | 3.56 | 3.63 | |||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 3.48 | 3.56 | 3.63 | 2.93 | ||||
| Upside / (Downside) | 18.9% | 21.4% | 23.8% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 0RPW | 0RT6 | SEIC | III | 0QZZ | MNGP.F | |
| Enterprise Value | 4,536 | 11,527 | 8,636 | 14,189 | 139,050 | 947 | |
| (+) Cash & Short Term Investments | 2,074 | 2,808 | 869 | 369 | 14,594 | 523 | |
| (+) Investments & Other | 23 | 2,393 | 316 | 22,515 | 9,637 | 2,164 | |
| (-) Debt | (487) | (3,722) | (32) | (1,237) | (14,222) | (264) | |
| (-) Other Liabilities | (492) | (2,878) | 0 | 0 | (1,860) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 5,655 | 10,128 | 9,789 | 35,836 | 147,199 | 3,370 | |
| (/) Shares Outstanding | 157.5 | 525.3 | 127.0 | 965.4 | 155.3 | 1,150.2 | |
| Implied Stock Price | 35.90 | 19.28 | 77.11 | 37.12 | 948.12 | 2.93 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 35.90 | 19.28 | 77.11 | 37.12 | 948.12 | 2.93 | |
| Trading Currency | USD | USD | USD | GBP | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |