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General information

Sector: Financials

The company is not available at Interactive Brokers

Ninety One (JSE:N91) is a founder-led global investment manager. It was initially founded as Investec Asset Management, an independent entity within Investec. In March 2020, Investec Asset Management demerged from Investec, rebranded as Ninety One and independently listed on the London and Johannesburg Stock Exchanges (“LSE” and “JSE”). 

The company started in South Africa in ’91 with a belief that it could do things differently. Back then, change was coming and along with its challenges came the chance to invest in a better future.

Today, the company continues to bring a different perspective on investing. Whether it’s the rise of the East or the rise of the machines, Ninety One aims to make the best of it. Best for its clients, best for the company, and best for the world in which we all live.

Ninety One offers a range of specialist and outcome-oriented strategies. It has several distinct skillsets and invests across the asset class spectrum. 

Ninety One focuses on creating value for all stakeholders, while staying true to its purpose – investing for a better tomorrow.



  • Bad financial results growth rate -11.3% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.0%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 10.1% higher than minimum and 34.3% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (6.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)39.15
Share price, USD: 2.09
Common stocks: 622 733 078

Dividend Yield:  0.0%
P/E LTM: 6.8x
Last revenue growth (y/y):  -11.7%
Last growth of Net Income (y/y):  -10.9%
Historical revenue growth:  -2.3%
Historical growth of Net Income:  +2.7%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 1 300
Net Profit ($m): 191
P/E LTM: 6.8x
Price to Book: 3.03x

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

Ramokgopa says he’s working himself out of a job

The electricity minister said an anticipated improvement in electricity supply should see him out of a job by the end of 2024.

2024-03-12 12:32 +02:00
by Antony Sguazzin

JSE:N91 JSE:NY1

Ninety One-backed Africa fund raises R5.5-billion

The EAIF will invest in infrastructure projects focused on the energy transition, low-carbon economies and smart cities.

2024-01-15 13:19 +02:00
by Agency Staff

JSE:SBK JSE:N91 JSE:NY1 JSE:ARH

Paratus raises R573-million in debt funding round

Paratus Group has raised $31-million in new debt to finance the expansion of its fibre and data centre business.

2023-11-08 17:13 +02:00
by Staff Reporter

JSE:N91 JSE:AVI JSE:NY1

History made as electricity wheeled over Cape Town’s grid

The first electrons of clean energy have been wheeled over Cape Town’s grid by Growthpoint Properties and Etana Energy.

2023-09-15 10:07 +02:00
by Sandra Laurence

JSE:INP JSE:GRT JSE:N91 JSE:INL JSE:NY1 JSE:LEW JSE:ISA

Private equity firm Ethos sold to US investment group

The Rohatyn Group said it will acquire South Africa’s Ethos Private Equity to help the US investment firm expand on the continent.

2022-11-21 15:24 +02:00
by Agency Staff

JSE:N91 JSE:NY1

Walmart doubles down on SA, with e-commerce now a top priority

The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.

2022-10-21 16:46 +02:00
by Nqobile Dludla

JSE:SLM JSE:SHP JSE:N91 JSE:AVI JSE:NY1 JSE:SPG JSE:MSM JSE:MPT JSE:ISA

How to achieve net zero profitably

A massive coal liquefaction plant in Secunda has the dubious distinction of being the single largest emitter of greenhouse gases in the world.

2022-07-20 09:39 +02:00
by Hendrik Du Toit

JSE:SOL JSE:N91 JSE:NY1 JSE:MPT JSE:ARH JSE:ISA

Wiocc’s data centre business, OADC, appoints CEO

Wiocc Group has appointed Ayotunde Coker as CEO of its data centre business, Open Access Data Centres, with immediate effect.

2022-07-04 09:15 +02:00
by Staff Reporter

JSE:N91 JSE:AVI JSE:NY1

Wiocc raises R3.2-billion as it pursues Africa data centre opportunity

African infrastructure company Wiocc has raised $200-million in new debt and equity funding to build data centres and other infrastructure on the continent.

2021-11-24 18:30 +02:00
by Duncan McLeod

JSE:N91 JSE:NY1

Motsepe-backed A2X expects 2023 breakeven

Four-year-old South African stock exchange A2X expects to break even by 2023 as trading in the secondary listings it offers takes off.

2021-10-13 11:29 +02:00
by Loni Prinsloo

JSE:PRX JSE:MTN JSE:VOD JSE:INP JSE:N91 JSE:INL JSE:TKG JSE:NY1 JSE:JSE JSE:BLU JSE:MPT

‘Pathetic!’: JSE gets a tongue-lashing over downtime

The five-and-a-half-hour outage on the JSE that prevented traders buying and selling stocks until well into the afternoon on Wednesday was not a good signal for a bourse that touts itself as Africa’s finest.

2021-08-19 16:58 +02:00
by Agency Staff

JSE:PRX JSE:NPN JSE:SLM JSE:N91 JSE:NY1 JSE:JSE JSE:MPT JSE:ISA

Ninety One launches R10-billion Covid-19 business fund

Asset manager Ninety One has launched a R10-billion fund, in partnership with a private equity firm, that will target investments in South African businesses struggling due to the coronavirus outbreak.

2020-06-08 08:28 +02:00
by Agency Staff

JSE:N91 JSE:AVI JSE:NY1 JSE:MPT

Reuters Headlines

Anglo American Platinum slides on surprise CEO exit plan

(Reuters) -Anglo American Platinum`s (Amplats) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations chief at U.S.-based gold miner Newmont Corporation.

2023-02-15

JSE:BHG JSE:AGL JSE:AMS JSE:ANG JSE:N91 JSE:NY1 JSE:ETO

UPDATE 3-South African rand, bonds tumble on panel findings against president

The South African rand and government bond prices fell sharply on Thursday as investors digested news that President Cyril Ramaphosa may be impeached following a panel of experts` findings against him.

2022-12-02

JSE:AGL JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:NY1

UPDATE 2-South African rand, bonds plunge on panel findings against president

The South African rand and government bonds plunged on Thursday afternoon, as investors digested the news that President Cyril Ramaphosa may be impeached following a panel of experts` findings against him.

2022-12-01

JSE:AGL JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:NY1

S.Africa can normalise rates fairly slowly, says deputy c.bank governor

South Africa`s deputy central bank governor, Kuben Naidoo, said on Wednesday that he thought the bank could normalise interest rates fairly slowly given that inflation was likely to remain well-behaved.

2021-08-25

JSE:N91 JSE:AVI JSE:NY1 JSE:MPT

South Africa property, retail firms bet on townships despite unrest

Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships.

2021-07-29

JSE:SHP JSE:N91 JSE:RDF JSE:AVI JSE:NY1 JSE:VKE JSE:MSM JSE:MPT JSE:ARH JSE:SFN JSE:ISA

Investec shares drop as British bank drags again

South Africa`s Investec warned of an up to 29% drop in full-year profit, citing its ailing British bank and sending its shares down almost 5% on Friday.

2021-03-19

JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:NY1 JSE:LEW JSE:ARH JSE:ISA

S.Africa`s Investec flags up to 29% full-year profit drop

South Africa`s Investec warned on Friday of an up to 29% drop in full-year profit, sending its Johannesburg-listed shares down 1.6% in early trade.

2021-03-19

JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:NY1 JSE:LEW JSE:ARH JSE:ISA

UPDATE 2-S.Africa`s Investec profit to drop by up to 23% as coronavirus bites

South Africa`s Investec warned on Friday that its full-year profits would drop by up to 23%, with coronavirus expected to deal a further blow to a company already struggling with tough market conditions.

2020-03-20

JSE:INP JSE:N91 JSE:INL JSE:AVI JSE:NY1 JSE:MPT

Investec expects 189 million pounds from asset management spin-off in March

Anglo-South African financial services group Investec expects to raise about 189 million pounds ($242 million) from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.

2019-11-29

JSE:AGL JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:AVI JSE:NY1

UPDATE 2-Investec expects 189 mln stg from asset management spin-off in March

* Asset management business was launched in 1991 (Adds valuation details, source quotes, background)

2019-11-29

JSE:AGL JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:AVI JSE:NY1

UPDATE 1-Investec to sell 10% of asset manager in March spin-off

Anglo-South African financial services group Investec will sell about 10% of its asset management business, to be renamed Ninety One, when it is spun off as part of a demerger expected in March.

2019-11-29

JSE:INP JSE:OMU JSE:N91 JSE:INL JSE:AVI JSE:NY1

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