Ninety One Group (N91) Stock Overview
Operates as an independent global asset manager worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
No risks detected for N91 from our risk checks.
N91 Community Fair Values
Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Ninety One Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£2.12 |
| 52 Week High | UK£2.62 |
| 52 Week Low | UK£1.62 |
| Beta | 0.76 |
| 1 Month Change | -2.48% |
| 3 Month Change | -12.47% |
| 1 Year Change | 19.37% |
| 3 Year Change | 22.26% |
| 5 Year Change | -8.70% |
| Change since IPO | 40.21% |
Recent News & Updates
Narrative Update • Apr 24
N91: Softer Assumptions And Higher Discount Rate Will Still Support Upside
Analysts have nudged their price target for Ninety One Group lower, trimming fair value from £2.47 to £2.44 as they factor in slightly softer revenue growth and profit margins, along with a modestly higher discount rate and a recalibrated future P/E assumption. Valuation Changes Fair Value: Adjusted slightly lower from £2.47 to £2.44 per share.Narrative Update • Apr 08
N91: Slightly Lower Assumptions Will Still Support Future Upside Potential
Analysts have trimmed their price target for Ninety One Group by £0.04, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly lower from £2.51 to £2.47 per share.Narrative Update • Mar 25
N91: Higher Future P/E And Stable Margins Will Support Upside
Analysts have nudged their Ninety One Group price target higher to £2.51 from £2.44, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for the revision. Valuation Changes Fair value has been revised to £2.51 from £2.44, representing a small upward adjustment in the analysts’ estimate.Narrative Update • Mar 09
N91: Stable Assumptions And Slightly Lower Risk Will Support Fair Value
Analysts have trimmed their price target for Ninety One Group to £2.44, a small adjustment that reflects slightly lower discount rate and P/E assumptions while keeping their fair value view broadly unchanged. Valuation Changes Fair Value: £2.44 remains unchanged, with the updated fair value aligned to the previous estimate.Narrative Update • Feb 22
N91: Stable Assumptions And Slight Multiple Shift Will Support Fair Value
Analysts have nudged their price target for Ninety One Group slightly higher to £2.44. This reflects refinements to their discount rate and future P/E assumptions rather than any major shift in the underlying forecasts.Recent updates
Narrative Update • Apr 24
N91: Softer Assumptions And Higher Discount Rate Will Still Support Upside
Analysts have nudged their price target for Ninety One Group lower, trimming fair value from £2.47 to £2.44 as they factor in slightly softer revenue growth and profit margins, along with a modestly higher discount rate and a recalibrated future P/E assumption. Valuation Changes Fair Value: Adjusted slightly lower from £2.47 to £2.44 per share.Narrative Update • Apr 08
N91: Slightly Lower Assumptions Will Still Support Future Upside Potential
Analysts have trimmed their price target for Ninety One Group by £0.04, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly lower from £2.51 to £2.47 per share.Narrative Update • Mar 25
N91: Higher Future P/E And Stable Margins Will Support Upside
Analysts have nudged their Ninety One Group price target higher to £2.51 from £2.44, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for the revision. Valuation Changes Fair value has been revised to £2.51 from £2.44, representing a small upward adjustment in the analysts’ estimate.Narrative Update • Mar 09
N91: Stable Assumptions And Slightly Lower Risk Will Support Fair Value
Analysts have trimmed their price target for Ninety One Group to £2.44, a small adjustment that reflects slightly lower discount rate and P/E assumptions while keeping their fair value view broadly unchanged. Valuation Changes Fair Value: £2.44 remains unchanged, with the updated fair value aligned to the previous estimate.Narrative Update • Feb 22
N91: Stable Assumptions And Slight Multiple Shift Will Support Fair Value
Analysts have nudged their price target for Ninety One Group slightly higher to £2.44. This reflects refinements to their discount rate and future P/E assumptions rather than any major shift in the underlying forecasts.Narrative Update • Feb 08
N91: Share Buybacks And Higher Payouts Will Support Fairly Valued Shares
Analysts have raised their price target for Ninety One Group, reflecting a fair value adjustment from £2.19 to £2.44. This change is supported by updated assumptions for a lower discount rate, slightly firmer revenue growth and profit margin expectations, and a higher future P/E multiple.Narrative Update • Jan 25
N91: Modest Price Revisions And Payout Actions Will Sustain Fairly Valued Shares
Analysts have raised their price target for Ninety One Group to £2.26 from £2.23, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E in their models. Analyst Commentary Recent commentary centers on a modestly higher fair value for Ninety One Group, with the price target moving to £2.26 from £2.23 while the rating remains Neutral.Narrative Update • Jan 11
N91: Dividend Increases And Margin Resilience Will Support Neutrally Priced Shares
Narrative Update: Ninety One Group Analysts have lifted their price target for Ninety One Group from £1.90 to £2.26, a £0.36 change, citing updated views on the firm’s revenue growth, profit margins and forward P/E assumptions. Analyst Commentary Recent research updates from JPMorgan point to a modest reset in how the market is framing Ninety One Group, with price targets moving from £1.90 to £2.23 and then to £2.26, while the rating remains Neutral.Narrative Update • Dec 23
N91: Dividend Momentum And Margin Resilience Will Underpin Future Share Performance
Analysts have raised their price target for Ninety One Group to 226 GBp from 190 GBp, citing modestly lower risk assumptions and confidence in the firm's revenue growth and profit margin profile. Analyst Commentary Recent research updates reflect a cautiously constructive stance on Ninety One Group, with successive price target increases signaling improving confidence in the company’s earnings trajectory and capital return potential.Narrative Update • Dec 09
N91: Dividend Progress And Margin Resilience Will Shape Future Share Performance
Analysts have nudged their price target on Ninety One Group slightly higher to GBp 226 from GBp 223, citing modestly improved profit margin expectations and a marginally richer future P/E multiple, despite a small trim to long term revenue growth assumptions. Analyst Commentary Recent research updates on Ninety One Group reflect a more constructive stance on valuation, tempered by ongoing execution and growth concerns.Narrative Update • Nov 25
N91: Modest Revenue Momentum And Market Risks Will Shape Share Performance
The analyst price target for Ninety One Group has increased from 223 GBp to 226 GBp. Analysts cite improved revenue growth expectations and a slightly lower discount rate, which together support a modestly higher valuation. Analyst Commentary Recent analyst coverage for Ninety One Group includes a series of price target increases.Narrative Update • Nov 10
N91: Modest Price Improvement Will Weigh Against Uncertain Market Conditions Ahead
Analysts have modestly raised their price target for Ninety One Group from £2.23 to £2.26 per share. They cite updated fair value estimates and minor adjustments to key financial assumptions as reasons for the change.Analysis Article • Oct 29
There Is A Reason Ninety One Group's (LON:N91) Price Is Undemanding
With a price-to-earnings (or "P/E") ratio of 14x Ninety One Group ( LON:N91 ) may be sending bullish signals at the...Narrative Update • Oct 27
Raised Market Outlook Will Reflect Confidence Amid Sector Challenges
Ninety One Group Price Target Rises on Improved Fundamentals Analysts have lifted their price target for Ninety One Group from £1.90 to £2.23. They cite stronger revenue growth and profit margin projections as key drivers behind the upward adjustment.Narrative Update • Oct 13
Sanlam Transaction Will Dilute Margins Amid Rising Costs
Analysts have increased their price target for Ninety One Group from £1.82 to £1.87. They cite expectations for stronger revenue growth and a higher discount rate, partially offset by a slight decrease in projected profit margin.Analysis Article • Jul 03
Ninety One Group (LON:N91) Is Increasing Its Dividend To £0.068
The board of Ninety One Group ( LON:N91 ) has announced that the dividend on 7th of August will be increased to £0.068...Analysis Article • May 08
Ninety One Group's (LON:N91) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Ninety One Group ( LON:N91 ) shareholders would be excited to see that the share price has had a great month, posting a...
New Narrative • May 01
Declining Margins And Rising Costs Will Impair Future Performance
Ongoing net outflows and fee pressure may hinder revenue and profit growth despite increased assets under management.Analysis Article • Nov 23
Ninety One Group's (LON:N91) Dividend Will Be Reduced To £0.054
The board of Ninety One Group ( LON:N91 ) has announced that the dividend on 31st of December will be reduced by 8.5...Analysis Article • Jun 22
Ninety One Group (LON:N91) Will Pay A Dividend Of £0.064
Ninety One Group ( LON:N91 ) will pay a dividend of £0.064 on the 8th of August. The dividend yield of 7.1% is still a...Analysis Article • Jun 09
Results: Ninety One Group Exceeded Expectations And The Consensus Has Updated Its Estimates
Ninety One Group ( LON:N91 ) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to...Analysis Article • Jun 08
Ninety One Group (LON:N91) Has Announced A Dividend Of £0.064
Ninety One Group ( LON:N91 ) will pay a dividend of £0.064 on the 8th of August. The dividend yield of 7.7% is still a...Analysis Article • Apr 18
Ninety One Group (LON:N91) Looks Inexpensive But Perhaps Not Attractive Enough
With a price-to-earnings (or "P/E") ratio of 9.5x Ninety One Group ( LON:N91 ) may be sending bullish signals at the...Analysis Article • Mar 19
Is Now The Time To Put Ninety One Group (LON:N91) On Your Watchlist?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Analysis Article • Nov 17
Here's Why We Think Ninety One Group (LON:N91) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Shareholder Returns
| N91 | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | -6.5% | -1.9% | -0.9% |
| 1Y | 19.4% | -9.2% | 18.0% |
Return vs Industry: N91 exceeded the UK Capital Markets industry which returned -9.2% over the past year.
Return vs Market: N91 exceeded the UK Market which returned 18% over the past year.
Price Volatility
| N91 volatility | |
|---|---|
| N91 Average Weekly Movement | 4.7% |
| Capital Markets Industry Average Movement | 4.4% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in GB Market | 12.0% |
| 10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: N91 has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: N91's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1991 | 1,289 | Hendrik du Toit | ninetyone.com |
Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus.
Ninety One Group Fundamentals Summary
| N91 fundamental statistics | |
|---|---|
| Market cap | UK£2.04b |
| Earnings (TTM) | UK£158.00m |
| Revenue (TTM) | UK£609.00m |
12.5x
P/E Ratio3.2x
P/S RatioIs N91 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| N91 income statement (TTM) | |
|---|---|
| Revenue | UK£609.00m |
| Cost of Revenue | UK£317.20m |
| Gross Profit | UK£291.80m |
| Other Expenses | UK£133.80m |
| Earnings | UK£158.00m |
Last Reported Earnings
Sep 30, 2025
Next Earnings Date
Nov 17, 2026
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 47.91% |
| Net Profit Margin | 25.94% |
| Debt/Equity Ratio | 0% |
How did N91 perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield70%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 17:39 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ninety One Group is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sabena Omar | Avior Capital Markets |
| Frederik Conradie de Beer | Avior Capital Markets |
| Hubert Lam | BofA Global Research |