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Ninety One
(OTC:N91)
Ninety One (N91) vs. iShares MSCI United Kingdom ETF (EWC)
Ninety One Business Overview & Revenue Model
Ninety One Earnings Call Summary
Ninety One Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 700.00M | 588.50M | 745.50M | 795.10M | 755.90M |
| Gross Profit | 594.60M | 295.50M | 627.10M | 663.90M | 625.10M |
| EBITDA | 221.40M | 219.80M | 220.40M | 269.00M | 249.20M |
| Net Income | 150.10M | 163.90M | 163.80M | 205.30M | 154.40M |
Balance Sheet | |||||
| Total Assets | 12.21B | 11.12B | 10.81B | 11.68B | 9.90B |
| Cash, Cash Equivalents and Short-Term Investments | 11.79B | 378.50M | 10.34B | 11.18B | 9.40B |
| Total Debt | 86.60M | 94.70M | 102.70M | 109.40M | 110.40M |
| Total Liabilities | 11.84B | 10.75B | 10.46B | 11.34B | 9.65B |
| Stockholders Equity | 373.40M | 367.40M | 349.80M | 341.50M | 253.20M |
Cash Flow | |||||
| Free Cash Flow | 314.00M | 169.30M | 73.40M | 653.20M | 440.00M |
| Operating Cash Flow | 318.40M | 171.80M | 74.60M | 654.60M | 459.40M |
| Investing Cash Flow | -7.80M | -4.40M | 2.40M | -393.10M | -408.70M |
| Financing Cash Flow | -165.40M | -163.80M | -164.30M | -145.70M | -68.90M |
Ninety One Technical Analysis
Ninety One Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.17B | 16.31 | 8.62% | 1222.54% | 0.82% | -26.44% | |
78 Outperform | £3.39B | 11.36 | 40.46% | 625.64% | 0.18% | -6.74% | |
77 Outperform | £1.88B | 9.12 | 17.94% | 3.27% | 18.85% | 26.14% | |
77 Outperform | £2.00B | 30.16 | 4.83% | 606.85% | 49.59% | 18.13% | |
69 Neutral | £3.54B | 15.05 | 4.88% | 734.78% | -5.51% | 1596.15% | |
68 Neutral | ¥746.02B | 10.95 | 7.55% | 3.23% | 7.81% | 14.63% | |
| ― | $3.07B | 41.85 | -2.38% | 5.37% | ― | ― |
Ninety One Corporate Events
Ninety One held its Annual General Meetings on July 23, 2025, where all resolutions were passed by the required majority. The meetings, conducted both physically and electronically, saw the re-election of several directors and approval of key resolutions, including the directors’ remuneration report, climate strategy, and authority to purchase own shares. The successful passing of these resolutions reflects strong shareholder support and positions Ninety One to continue its strategic initiatives, potentially impacting its operational and market positioning positively.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced transactions involving its directors and persons discharging managerial responsibilities, notifying changes in their interests in the company’s securities. These transactions, which include both acquisitions and sales of shares, are part of regulatory compliance with market abuse regulations and listing requirements, reflecting ongoing corporate governance and transparency efforts.
The most recent analyst rating on (GB:N91) stock is a Hold with a £1.45 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has reported its assets under management (AUM) as of June 30, 2025, at £139.7 billion, marking an increase from the previous year. This growth includes £1.9 billion from the acquisition of Sanlam Investments UK Limited’s active asset management business. The completion of a similar transaction in South Africa is anticipated later this financial year, which will further enhance Ninety One’s AUM and strengthen its market position.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced transactions involving directors and company secretaries, including awards of ordinary shares as part of deferred bonus awards. These transactions, disclosed under regulatory requirements, reflect the company’s ongoing commitment to transparency and compliance with market regulations.
The most recent analyst rating on (GB:N91) stock is a Hold with a £188.00 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced the award of forfeitable shares to its Executive Directors as part of its Executive Incentive Plan for the financial year ended 31 March 2025. Hendrik du Toit and Kim McFarland, both directors of Ninety One, received 1,029,362 and 257,437 forfeitable shares respectively, which will vest fully after three years and are subject to a post-vesting retention period. This move is part of the company’s strategy to align executive interests with long-term company performance, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (GB:N91) stock is a Hold with a £188.00 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced the publication of its annual compliance report in accordance with the Broad-Based Black Economic Empowerment Act. This report, submitted to the BEE Commissioner, is now available on the company’s website, reflecting its adherence to the regulatory requirements of the JSE Listings. This announcement underscores Ninety One’s commitment to transparency and compliance, which are crucial for maintaining its reputation and operational integrity in the financial industry.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One PLC has announced a change in the voting rights held by Allan Gray Proprietary Limited, a significant shareholder based in South Africa. As of June 17, 2025, Allan Gray’s voting rights in Ninety One have decreased from 6.1167% to 5.9972%, indicating a slight reduction in their stake. This adjustment could have implications for the company’s shareholder dynamics and influence the decision-making process within the firm.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced the details of its upcoming Annual General Meetings (AGM) for both Ninety One plc and Ninety One Limited, scheduled for July 23, 2025. The AGM will be conducted as a hybrid meeting, allowing shareholders to participate both in person and electronically. The company has also published its Integrated Annual Report for the year ending March 31, 2025, which includes audited financial statements and notices for the AGM, available on its website.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced its total voting rights, with an issued ordinary share capital consisting of 628,572,786 shares, each carrying one voting right. This disclosure is in accordance with the FCA’s rules and provides shareholders with the necessary information to determine their interest in the company.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has completed the acquisition of Sanlam Investments UK Limited’s active asset management business, strengthening its position as a primary active asset manager for a portion of Sanlam’s assets. This strategic move is part of a broader long-term partnership with Sanlam, enhancing Ninety One’s market presence. Additionally, Ninety One has issued new shares as consideration for the acquisition, which have been successfully listed on both the London and Johannesburg Stock Exchanges.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced the expected completion of the transfer of Sanlam Investments UK Limited’s active asset management business to Ninety One UK Limited, set for June 16, 2025. As part of this transaction, Ninety One will issue 13,675,595 ordinary shares to Sanlam Investments UK, with these shares expected to be listed on both the London and Johannesburg stock exchanges. This strategic move strengthens Ninety One’s position in the asset management sector and enhances its capabilities in managing a broader range of assets.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced transactions involving directors and key personnel, disclosing changes in their interests in the company’s securities. These transactions include the sale of shares following the vesting of forfeitable shares under the company’s Executive Incentive Plan. The announcement highlights the vesting of shares to key executives, with a portion subject to retention periods, reflecting the company’s compliance with regulatory requirements and its commitment to transparency in its operations.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced the on-market acquisition of ordinary shares by its Employee Benefit Trusts. The Ninety One Guernsey Employee Benefit Trust acquired 4,151,246 ordinary shares of Ninety One plc for £7,190,000 on the London Stock Exchange. Concurrently, The Ninety One South Africa Employee Benefit Trust purchased 1,027,471 ordinary shares of Ninety One Limited for R42,129,907 on the Johannesburg Stock Exchange. These transactions reflect the company’s commitment to employee benefit schemes and may enhance stakeholder confidence in its operational strategies.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One has announced significant changes to its board of directors. Colin Keogh, an independent non-executive director, will retire following the upcoming Annual General Meeting in July 2025. Charles Harman, with extensive investment banking experience, will join the board as an independent non-executive director and will be part of the Audit and Risk Committee and the Human Capital and Remuneration Committee. Additionally, Busisiwe Mabuza will become the Senior Independent Director and Chair of the Human Capital and Remuneration Committee, while Khumo Shuenyane will take over as Chair of the Sustainability, Social and Ethics Committee. These changes are expected to strengthen Ninety One’s governance and strategic oversight.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 144,683 of its ordinary shares, which will be cancelled, as part of its ongoing share repurchase program. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic decision to manage its equity base effectively.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One reported its financial results for the year ending March 2025, highlighting a challenging year with improved performance in the second half. The company experienced net outflows of £4.9 billion, a significant improvement from the previous year’s £9.4 billion. Assets under management increased by 4% to £130.8 billion, driven by positive market and foreign exchange impacts. Despite a slight decline in adjusted operating profit and earnings per share, the company maintained a robust operating profit margin of 31.2% and proposed a final dividend of 6.8 pence per share. The company remains optimistic about future demand for its offerings amidst ongoing economic uncertainties.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 150,000 of its ordinary shares as part of its share repurchase programme initiated in March 2025. The repurchased shares, acquired through Citigroup Global Markets Limited, will be cancelled, reflecting the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced that its total issued ordinary share capital consists of 615,492,346 shares, each carrying one voting right. This disclosure is in accordance with the FCA’s rules and provides shareholders with the necessary information to determine their notification obligations regarding changes in their shareholding.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 150,000 of its ordinary shares, as part of its share repurchase programme initiated in March 2025. The shares were bought through Citigroup Global Markets Limited and will be cancelled, reflecting the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 60,619 of its ordinary shares through Citigroup Global Markets Limited, as part of its share repurchase program initiated in March 2025. This strategic move is aimed at enhancing shareholder value and reflects the company’s commitment to optimizing its capital structure.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 179,334 of its ordinary shares, which will be cancelled, as part of its share repurchase programme initiated in March 2025. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its proactive approach to financial management.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 170,000 of its ordinary shares as part of its share repurchase program. This move is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value, reflecting the company’s ongoing commitment to its financial strategy.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 170,000 of its ordinary shares, which were acquired through Citigroup Global Markets Limited. This move is part of the company’s ongoing share repurchase program initiated in March 2025, aimed at enhancing shareholder value and optimizing the capital structure.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 163,615 of its ordinary shares, which were bought through Citigroup Global Markets Limited. This action is part of the company’s share repurchase programme initiated in March 2025, aiming to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 175,000 of its ordinary shares on 15 May 2025, as part of its ongoing share repurchase program. The shares were bought through Citigroup Global Markets Limited and will be cancelled, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 173,082 of its ordinary shares, as part of its ongoing share repurchase program initiated in March 2025. This move is expected to enhance shareholder value and optimize the company’s capital structure, reflecting its commitment to returning capital to shareholders.
The most recent analyst rating on (GB:N91) stock is a Hold with a £188.00 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc announced the repurchase of 181,912 of its ordinary shares on 13 May 2025, as part of its ongoing share repurchase program initiated in March 2025. The shares were bought through Citigroup Global Markets Limited and will be cancelled, reflecting the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Ninety One plc has announced the repurchase of 203,904 of its ordinary shares through Citigroup Global Markets Limited, as part of its share repurchase programme initiated in March 2025. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to maintaining a strong market position.
Ninety One plc announced the repurchase of 220,000 of its ordinary shares, as part of a share repurchase program initiated in March 2025. This move, executed through Citigroup Global Markets Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Ninety One Limited announced the disposal of a beneficial interest in its securities by Fairtree Asset Management, reducing its holding from 5.02% to 4.97%. This notification complies with the Companies Act and JSE Listings Requirements, and the necessary filings have been made with the Takeover Regulation Panel. The board of directors confirms the accuracy of the information provided.
Ninety One plc has repurchased 220,000 of its ordinary shares as part of its share repurchase programme announced in March 2025. This move, executed through Citigroup Global Markets Limited, is expected to impact the company’s market positioning by potentially enhancing shareholder value through the cancellation of these shares.
Ninety One plc announced the repurchase of 150,000 of its ordinary shares on 02 May 2025, as part of its ongoing share repurchase program. The shares were bought through Citigroup Global Markets Limited and will be cancelled, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Ninety One plc announced the repurchase of 222,128 of its ordinary shares on 30 April 2025, as part of its ongoing share repurchase program initiated in March 2025. This move is expected to impact the company’s market positioning by potentially enhancing shareholder value through the reduction of outstanding shares.
Ninety One plc has announced its total voting rights, with an issued ordinary share capital consisting of 618,835,445 ordinary shares, each carrying one voting right. This information is crucial for shareholders to determine their interest or changes in interest in compliance with the FCA’s Disclosure Guidance and Transparency Rules.
Ninety One plc announced the repurchase of 215,541 ordinary shares on 29 April 2025, as part of its share repurchase programme initiated in March 2025. The repurchase, executed through Citigroup Global Markets Limited, reflects the company’s strategic financial management and may impact its market positioning by potentially enhancing shareholder value.
Ninety One plc has repurchased 215,765 of its ordinary shares as part of its share repurchase program announced in March 2025. The repurchase, executed through Citigroup Global Markets Limited, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and improving market perception.
Ninety One plc announced the repurchase of 222,383 of its ordinary shares, which were bought through Citigroup Global Markets Limited and will be canceled. This action is part of a previously announced share repurchase program, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Ninety One plc has executed a share repurchase of 210,000 ordinary shares through Citigroup Global Markets Limited, as part of its ongoing share repurchase program. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting its strategic financial management.