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General information

Sector: Financials

The company is available at Interactive Brokers

Momentum Metropolitan Holdings Limited (JSE:MTM) is a South African based financial services group. Momentum Metropolitan was formed from the merger of Metropolitan and Momentum, sizeable insurance-based financial services companies in South Africa and listed on the Johannesburg Stock Exchange on 1 December 2010 and is one of South Africa’s larger life insurers and integrated financial services companys.

Momentum Metropolitan conducts its business through operating brands Metropolitan, Momentum, Guardrisk and Eris Properties.

Momentum Metropolitan offers the following products and services for both individuals and companies (including institutions and organisations):


  • Long and short-term Insurance
  • Employee benefits including healthcare and retirement provision
  • Asset management, property management, investments and savings
  • Healthcare administration and health risk management
  • Client engagement solutions, including the Momentum Multiply wellness and rewards programme


 

Momentum Metropolitan’s current operational strategy, as articulated in the 2018 year-end results presentation, reflects a reset and growth strategy with a focus on delivery and implementation. This is spearheaded by dynamic new leadership and operational changes from within Momentum Metropolitan in 2018. The Momentum Metropolitan Life strategy remains focussed on client centricity, growth and excellence.



  • Good financial results growth rate 227.2% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (0.9%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 48.2% higher than minimum and 7.1% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (6.3x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)20.61
Share price, USD: 1.1063
Common stocks: 1 393 498 302

Dividend Yield:  0.0%
P/E LTM: 6.3x
Last revenue growth (y/y):  +500.0%
Last growth of Net Income (y/y):  -45.5%
Historical revenue growth:  +140.1%
Historical growth of Net Income:  +48.2%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 1 542
Net Profit ($m): 245
P/E LTM: 6.3x
Price to Book: 1.06x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

TechCentral Headlines

Chris Kruger: What I learnt in my decades in IT leadership

Chris Kruger recently retired as group chief technology officer of Momentum Metropolitan Holdings. He shares his story.

2023-11-06 13:22 +02:00
by Chris Kruger

JSE:MTM JSE:MPT JSE:ISA

IT Leadership Series: Tsebo Solutions Group IT director Yosheen Padayachee

TechCentral posed a few questions to Tsebo Solutions Group IT director Yosheen Padayachee as part of its IT Leadership Series.

2022-12-08 06:00 +02:00
by IT Leadership Series

JSE:MTM JSE:SPG JSE:ISA JSE:CGN

IT Leadership Series: Sibusiso Mbingo, an ‘Agile’ leader who lives his hobby

Sibusiso Mbingo, CIO at Momentum Metropolitan Africa, started his career 21 years ago as a Java developer in the banking industry. He tells us about his career.

2022-09-28 07:35 +02:00
by IT Leadership Series

JSE:MTM JSE:MPT JSE:ISA

SilverBridge delisting on the cards after UK firm pounces with R2/share offer

JSE-listed SilverBridge Holdings has received a takeover offer of R2/share from UK-based ROX Equity Partners, sweetening a previous offer made in March.

2022-04-22 15:55 +02:00
by Duncan McLeod

JSE:ABG JSE:MTM JSE:JSE JSE:SVB

Insurance data shows full scale of Covid’s devastating impact on SA

Mortality payouts almost doubled to a record for South Africa’s fourth largest insurer by market value as the coronavirus ripped through the country.

2021-09-08 07:15 +02:00
by Agency Staff

JSE:DSY JSE:MTM JSE:AVI JSE:ISA

EOH to list on A2X Markets

JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.

2021-08-05 11:30 +02:00
by Staff Reporter

JSE:PRX JSE:NPN JSE:SOL JSE:SLM JSE:APN JSE:MRP JSE:MTM JSE:AVI JSE:JSE JSE:FBR JSE:EOH JSE:ISA

Momentum hit by cyberattack

Momentum Metropolitan Holdings said on Monday that it has become the victim of a cyberattack, with criminals able to access sensitive data on its systems.

2020-08-17 16:00 +02:00
by Duncan McLeod

JSE:MTM JSE:AVI

Telkom makes move into financial services

Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.

2020-08-02 15:50 +02:00
by Agency Staff

JSE:MTN JSE:VOD JSE:MTM JSE:TKG JSE:SPG JSE:JSE

Reuters Headlines

UPDATE 1-South Africa`s competition watchdog raids top insurers

South Africa`s competition watchdog said on Thursday it had raided the country`s top insurers over suspicions of potential price collusion on their products.

2022-08-25

JSE:SLM JSE:DSY JSE:OMU JSE:MTM JSE:ISA

South African telecom operator Telkom moves into financial services

South Africa`s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.

2020-08-02

JSE:MTN JSE:VOD JSE:MTM JSE:TKG JSE:SPG JSE:JSE

Big South African insurers face $232 million in claims from 500 virus-hit firms

Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to 4 billion rand ($232 million), the firm representing the businesses has calculated.

2020-07-01

JSE:OMU JSE:SNT JSE:MTM JSE:MPT

South Africa`s Momentum Metropolitan to buy Alexander Forbes` short-term insurance unit

South African insurer Momentum Metropolitan Holdings is to acquire the short-term insurance business of financial services group Alexander Forbes for around 1.94 billion rand ($139 million), the two companies said on Thursday.

2019-07-25

JSE:MTM

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Releases

2022-06-23
Classification of a Director as Independent and Changes to Board Committees
2022-06-09
Dealings in securities by a director
2022-05-30
Operational update for the nine months ended 31 March 2022
2022-05-24
MTM MMT MML05 MML06 - Listing of New Financial Instruments
2022-05-06
Dealings In Securities By Directors
2022-05-04
TRP121: notification of an acquisition of beneficial interest in securities
2022-04-28
TRP121: Notification of an acquisition of beneficial interest in securities
2022-04-28
TRP121: Notification of an acquisition of beneficial interest in securities
2022-04-26
TRP121: Notification of a Disposal of Beneficial Interest in Securities
2022-04-26
TRP121: Notification of an acquisition of securities by clients of Allan Gray Proprietary Limited
2022-04-11
Appointment of chairman designate of the group boards and nominations committee
2022-04-05
B-BBEE Certificate and Annual Compliance Report
2022-03-25
Notification of a disposal and an acquisition of a beneficial interest in securities
2022-03-14
Correction announcement: Amended unaudited interim results for the six months ended 31 December 2021
2022-03-09
Short form announcement: Unaudited interim results for the six months ended 31 December 2021 & dividend declaration
2022-02-21
Trading statement for the six months ended 31 December 2021
2021-12-09
Dealings in Securities by a Director
2021-11-26
Results of Annual General Meeting

SENS Announcements

2024-03-27
Operating update for the six months ended 31 December 2023
2024-03-27
Unaudited interim results for the six months ended 31 December 2023 and dividend declaration
2024-03-26
Changes To Board Committees
2024-03-13
Voluntary Trading Statement for the Six Months Ended 31 December 2023
2024-03-07
Appointment of a Non-Executive Director
2024-02-21
MMIG07 MML01 MML03 MML04 - Interest Payment Notifications
2024-01-29
MMIG - Interest Payment Notifications
2023-12-06
MMIG - Interest Payment Notifications
2023-11-27
Appointment Of Joint Auditors
2023-11-24
Results of Annual General Meeting (AGM)
2023-11-23
Appointment of an Executive Director
2023-11-21
Operational Update for the three months ended 30 September 2023
2023-11-20
MML05 MML06 - Interest Payment Notifications
2023-11-16
TRP121: Notification of an Acquisition of Securities by Clients of Allan Gray Proprietary Limited ("Allan Gray")
2023-11-10
Appointment of Joint Auditors
2023-10-19
B-BBEE Annual Compliance Report
2023-10-13
MML06 MML07 - Listing of New Financial Instrument and Tap Issue
2023-10-09
MMIG - Notification of an update to the Issuer’s Information Statement
2023-10-02
B-BBEE Certificate And Annual Compliance Report
2023-09-29
Notice Of Annual General Meeting And No Change Statement
2023-09-29
Availability of Integrated Report
2023-09-20
MMIG - Availability of the Debt Investor Roadshow Presentation
2023-09-15
MMIG06 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment
2023-09-13
MMIG - Changes to the Boards and Board Committees
2023-09-13
MMIG - Availability of the Annual Financial Statements of MML for the year ended 30 June 2023
2023-09-13
Operating update for the financial year ended 30 June 2023 and Board and Board committee changes
2023-09-13
Audited financial results for the 12 months ended 30 June 2023 and dividend declaration
2023-08-24
Trading Statement for the 12 Months Ended 30 June 2023
2023-08-22
MMIG - Interest Payment Notifications
2023-08-08
MMIG04 MML05 - Interest Payment Notifications
2023-07-03
MMIG06 - Interest Payment Notification
2023-06-23
TRP121: notification of a disposal of beneficial interest in securities
2023-06-23
Changes To The Group Board And Board Committees
2023-06-15
TRP121: Notification of an Acquisition of Beneficial Interest in Securities
2023-06-01
Changes To The Group Boards And Board Committees
2023-05-30
Operational update for the nine months ended 31 March 2023
2023-05-26
Appointment of New Group CEO and Retirement of Current Group CEO
2023-05-25
MMIG - Interest Payment Notifications
2023-04-26
MML05 MML06 - Interest Payment Notifications
2023-03-30
MMIG06 - Interest Payment Notification
2023-03-08
Changes to Group Board Committees
2023-03-08
Unaudited interim results for the six months ended 31 December 2022
2023-03-02
MMIG - Interest Payment Notifications
2023-02-23
Trading statement for the six months ended 31 December 2022
2023-02-07
MMIG - Interest Payment Notifications
2023-01-09
MMIG06 - Interest Payment Notification
2022-12-15
Changes to the Group Boards and Committees
2022-12-07
MMIG - Interest Payment Notifications
2022-12-06
Dealings in Securities by a Director
2022-12-06
MMIG - Notification of a change to the Debt Officer
2022-11-28
Changes to the Group Boards and Committees
2022-11-25
Results of Annual General Meeting (AGM)
2022-11-22
Operational update for the three months ended 30 September 2022
2022-11-16
MML05 MML06 - Interest Payment Notifications
2022-10-27
Momentum Metropolitan share repurchase programme
2022-10-26
Dealings in securities by a director
2022-10-25
Dealings in securities by a director
2022-10-21
Dealings in securities by a director
2022-10-19
Dealings in securities by a director
2022-10-10
MMIG06 - Interest Payment Notification
2022-10-04
Notice of Annual General Meeting and No Change Statement
2022-09-16
MMIG - Availability of the Annual Financial Statements of MML for the year ended 30 June 2022
2022-09-14
Availability of Annual Financial Statements and Integrated Report, with No Change Statement
2022-09-14
Audited financial results for the 12 months ended 30 June 2022
2022-09-14
Operational update for the 12 months ended 30 June 2022
2022-09-06
MMIG - Interest Payment Notifications
2022-08-23
Trading Statement and Voluntary Announcement
2022-08-02
MMIG04 MML05 - Interest Payment Notifications
2022-07-11
MMIG05 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment
2022-07-06
MMIG06 - Interest Payment Notification
2022-06-23
Classification of a Director as Independent and Changes to Board Committees
2022-06-09
Dealings in securities by a director
2022-06-06
MMIG - Interest Payment Notifications
2022-05-30
Operational update for the nine months ended 31 March 2022
2022-05-26
MMIG - Notification of an Update to the Issuer’s Information Statement
2022-05-24
MTM MMT MML05 MML06 - Listing of New Financial Instruments