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Miton Group

AIM:MGR
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGR
AIM
£86M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Miton Group plc provides fund management services in the United Kingdom. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • Miton Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Miton Group has significant price volatility in the past 3 months.
MGR Share Price and Events
7 Day Returns
0%
AIM:MGR
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
-11%
AIM:MGR
18.8%
GB Capital Markets
3.7%
GB Market
MGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Miton Group (MGR) 0% 1.9% 27.9% -11% 88% 78.1%
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • MGR underperformed the Capital Markets industry which returned 18.8% over the past year.
  • MGR underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
MGR
Industry
5yr Volatility vs Market

MGR Value

 Is Miton Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Miton Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Miton Group.

AIM:MGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £0.40 * 8.2%
£0.03
Book Value of Equity per Share Median Book Value from the past 5 years. £0.40
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:MGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (1.82%))
0.842
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.842 * 6.65%)
6.83%

Discounted Cash Flow Calculation for AIM:MGR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Miton Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:MGR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 6.83%) * £0.40)
£0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.01 / (6.83% - 1.23%)
£0.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.40 + £0.10
£0.49
AIM:MGR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.49
Current discount Discount to share price of £0.55
= -1 x (£0.55 - £0.49) / £0.49
-11.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Miton Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Miton Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Miton Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.04
AIM:MGR Share Price ** AIM (2019-11-12) in GBP £0.55
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Miton Group.

AIM:MGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:MGR Share Price ÷ EPS (both in GBP)

= 0.55 ÷ 0.04

12.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Miton Group is good value based on earnings compared to the GB Capital Markets industry average.
  • Miton Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Miton Group's expected growth come at a high price?
Raw Data
AIM:MGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Miton Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Miton Group's assets?
Raw Data
AIM:MGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.40
AIM:MGR Share Price * AIM (2019-11-12) in GBP £0.55
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:MGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:MGR Share Price ÷ Book Value per Share (both in GBP)

= 0.55 ÷ 0.40

1.39x

* Primary Listing of Miton Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Miton Group is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Miton Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Miton Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MGR Future Performance

 How is Miton Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Miton Group expected to grow at an attractive rate?
  • Unable to compare Miton Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Miton Group's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Miton Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:MGR Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:MGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.3%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:MGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MGR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 37 1
2020-12-31 33 1
2019-12-31 29 1
2019-11-12
AIM:MGR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 38 8 7
2019-03-31 37 9 7
2018-12-31 36 11 7
2018-09-30 34 9 7
2018-06-30 32 8 6
2018-03-31 30 7 6
2017-12-31 28 6 5
2017-09-30 26 6 4
2017-06-30 25 5 3
2017-03-31 25 7 3
2016-12-31 24 8 3
2016-09-30 24 7 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Miton Group is high growth as no earnings estimate data is available.
  • Miton Group's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:MGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Miton Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MGR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-12
AIM:MGR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.04
2019-03-31 0.04
2018-12-31 0.05
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Miton Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Miton Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Miton Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MGR Past Performance

  How has Miton Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Miton Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Miton Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Miton Group's 1-year earnings growth is less than its 5-year average (6.5% vs 52.6%)
  • Miton Group's earnings growth has exceeded the GB Capital Markets industry average in the past year (6.5% vs 4.7%).
Earnings and Revenue History
Miton Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Miton Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MGR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 37.81 6.87 19.81
2019-03-31 36.99 6.94 19.11
2018-12-31 36.17 7.01 18.42
2018-09-30 33.95 6.73 17.27
2018-06-30 31.72 6.45 16.11
2018-03-31 29.75 5.73 15.55
2017-12-31 27.79 5.01 14.99
2017-09-30 26.40 3.89 14.86
2017-06-30 25.01 2.77 14.74
2017-03-31 24.54 3.01 14.30
2016-12-31 24.07 3.25 13.86
2016-09-30 23.95 3.29 13.40
2016-06-30 23.83 3.33 12.93
2016-03-31 22.93 2.36 12.73
2015-12-31 22.03 1.40 12.54
2015-09-30 22.05 3.01 12.32
2015-06-30 22.07 4.63 12.10
2015-03-31 24.51 -0.10 12.15
2014-12-31 26.95 -4.83 12.20
2014-09-30 29.22 -6.72 12.24
2014-06-30 31.50 -8.62 12.28
2014-03-31 29.75 -3.96 11.28
2013-12-31 28.00 0.71 10.28
2013-09-30 25.53 0.74 9.31
2013-06-30 23.07 0.77 8.33
2013-03-31 22.70 0.92 8.03
2012-12-31 22.33 1.07 7.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Miton Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Miton Group used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Miton Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Miton Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Miton Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MGR Health

 How is Miton Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Miton Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Miton Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Miton Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Miton Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Miton Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Miton Group Company Filings, last reported 4 months ago.

AIM:MGR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 62.07 0.00 23.04
2019-03-31 62.07 0.00 23.04
2018-12-31 61.93 0.00 25.54
2018-09-30 61.93 0.00 25.54
2018-06-30 60.83 0.00 21.01
2018-03-31 60.83 0.00 21.01
2017-12-31 59.38 0.00 19.90
2017-09-30 59.38 0.00 19.90
2017-06-30 59.43 0.00 18.24
2017-03-31 59.43 0.00 18.24
2016-12-31 61.51 0.00 21.29
2016-09-30 61.51 0.00 21.29
2016-06-30 59.75 0.00 17.40
2016-03-31 59.75 0.00 17.40
2015-12-31 58.22 0.00 14.07
2015-09-30 58.22 0.00 14.07
2015-06-30 56.87 0.00 13.61
2015-03-31 56.87 0.00 13.61
2014-12-31 56.74 0.00 15.19
2014-09-30 56.74 0.00 15.19
2014-06-30 50.12 0.00 16.15
2014-03-31 50.12 0.00 16.15
2013-12-31 60.13 0.00 11.21
2013-09-30 60.13 0.00 11.21
2013-06-30 55.83 0.00 12.48
2013-03-31 55.83 0.00 12.48
2012-12-31 56.29 0.00 11.95
  • Miton Group has no debt.
  • Miton Group has not taken on any debt in the past 5 years.
  • Miton Group has no debt, it does not need to be covered by operating cash flow.
  • Miton Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Miton Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Miton Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MGR Dividends

 What is Miton Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.64%
Current annual income from Miton Group dividends. Estimated to be 5.45% next year.
If you bought £2,000 of Miton Group shares you are expected to receive £73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Miton Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Miton Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:MGR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:MGR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 1.00
2020-12-31 0.03 1.00
2019-12-31 0.02 1.00
2019-11-12
AIM:MGR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.020 3.906
2019-03-18 0.020 3.478
2018-03-19 0.014 2.573
2017-03-17 0.010 2.541
2017-03-16 0.010 2.496
2016-03-22 0.007 2.345
2016-03-21 0.007 2.233
2015-04-01 0.006 2.224
2014-04-07 0.005 1.817
2014-03-24 0.005 1.110
2013-03-18 0.005 1.182
2012-03-26 0.004 1.755
2012-03-23 0.004 1.581
2009-09-30 0.000 0.000
2008-12-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Miton Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Miton Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Miton Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Miton Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Miton Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Miton Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MGR Management

 What is the CEO of Miton Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Barron
COMPENSATION £523,000
AGE 60
TENURE AS CEO 2.7 years
CEO Bio

Mr. David James Barron has been the Chief Executive Officer at Miton Group plc since March 16, 2017 and serves as its Executive Director since September 3, 2013. Mr. Barron served as Director of Investment Trusts and Product Strategy at Miton Group plc since September 3, 2013 until March 16, 2017. Mr. Barron has several years of experience, of which eighteen years have been focused on asset management. He previously served as a Managing Director and Head of the Investment Trust Business at JPMorgan Asset Management (UK) Limited until January 2013. Mr. Barron had joined JPMorgan Asset Management in 2001 and was responsible for its GBP 6.6 billion investment trust business, which comprised of 21 trusts. Prior to that, he had been employed at Fleming Investment Management since 1995. He worked in the investment trust team at Fleming Investment Management for five years. Before that, he served in the corporate finance department at SG Hambros Bank Limited and Merrill Lynch & Co., Inc. He served as a Non-Executive Director of the Association of Investment Trust Companies until 2014. He is a member of the Institute of Chartered Accountants of Scotland. Mr. Barron received an MBA degree from INSEAD in 1985.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Miton Group management team in years:

4.2
Average Tenure
58
Average Age
  • The tenure for the Miton Group management team is about average.
Management Team

David Barron

TITLE
CEO & Executive Director
COMPENSATION
£523K
AGE
60
TENURE
2.7 yrs

Piers Harrison

TITLE
COO & Executive Director
COMPENSATION
£432K
AGE
40
TENURE
4.2 yrs

Gervais Peter Williams

TITLE
Senior Executive Director & Director
COMPENSATION
£3M
AGE
60

Bart Edgar

TITLE
Director of Finance
TENURE
4.2 yrs

Philip Ost

TITLE
Head of Compliance

Neil Bridge

TITLE
Head of Sales

Mark Harper

TITLE
Head of Marketing
TENURE
8.5 yrs

Livvie Cunningham

TITLE
Head of Human Resources

John Tierney

TITLE
Head of Regional Salesforce
TENURE
14.4 yrs

Roger Bennett

TITLE
Head of Corporate Governance
AGE
56
Board of Directors Tenure

Average tenure and age of the Miton Group board of directors in years:

5.6
Average Tenure
60
Average Age
  • The tenure for the Miton Group board of directors is about average.
Board of Directors

Jim Pettigrew

TITLE
Independent Chairman of the Board
COMPENSATION
£90K
AGE
61
TENURE
2 yrs

David Barron

TITLE
CEO & Executive Director
COMPENSATION
£523K
AGE
60
TENURE
6.2 yrs

Alan Walton

TITLE
Deputy Chairman
COMPENSATION
£46K
AGE
62

Piers Harrison

TITLE
COO & Executive Director
COMPENSATION
£432K
AGE
40
TENURE
4.2 yrs

Gervais Peter Williams

TITLE
Senior Executive Director & Director
COMPENSATION
£3M
AGE
60
TENURE
8.7 yrs

Katrina Hart

TITLE
Non-Executive Director
COMPENSATION
£46K
AGE
44
TENURE
8.8 yrs

Jim Davies

TITLE
Senior Independent Director
COMPENSATION
£46K
AGE
72
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
08. Nov 19 Sell Rathbone Investment Management Limited Company 07. Nov 19 07. Nov 19 -21,799 £0.55 £-11,989
07. Nov 19 Sell Rathbone Investment Management Limited Company 06. Nov 19 06. Nov 19 -21,799 £0.55 £-11,989
29. Oct 19 Sell Societe Generale Group, Banking Investments Company 28. Oct 19 28. Oct 19 -13,338 £0.54 £-7,236
29. Oct 19 Buy Societe Generale Group, Banking Investments Company 28. Oct 19 28. Oct 19 13,338 £0.54 £7,236
16. Oct 19 Buy FMR LLC Company 15. Oct 19 15. Oct 19 50,000 £0.54 £27,000
14. Oct 19 Sell Philip J Milton & Company Plc Company 11. Oct 19 11. Oct 19 -9,010 £0.53 £-4,775
11. Oct 19 Sell Philip J Milton & Company Plc Company 10. Oct 19 10. Oct 19 -5,472 £0.53 £-2,900
11. Sep 19 Sell BlackRock, Inc. Company 10. Sep 19 10. Sep 19 -1,768,073 £0.51 £-901,717
11. Sep 19 Buy GAM Holding AG Company 10. Sep 19 10. Sep 19 500,000 £0.51 £256,500
X
Management checks
We assess Miton Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Miton Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MGR News

Simply Wall St News

Interested In Miton Group plc (LON:MGR)? Here's How It Performed Recently

For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Below, I will examine Miton Group plc's (LON:MGR) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … See our latest analysis for Miton Group?

Simply Wall St -

Is Miton Group plc (LON:MGR) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … In the past 10 years Miton Group plc (LON:MGR) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Let's take a look at Miton Group in more detail.

Simply Wall St -

June Fundamental Stock Pick: Miton Group plc (LON:MGR)

Miton Group plc (LON:MGR) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Should You Sell Miton Group plc (LON:MGR) At This PE Ratio?

and want to begin learning the link between Miton Group plc (LON:MGR)’s fundamentals and stock market performance. … Miton Group plc (LON:MGR) trades with a trailing P/E of 15.7x, which is higher than the industry average of 15.3x. … View out our latest analysis for Miton Group

Simply Wall St -

Has Miton Group plc (LON:MGR) Improved Earnings Growth In Recent Times?

Measuring Miton Group plc's (AIM:MGR) track record of past performance is a valuable exercise for investors. … Check out our latest analysis for Miton Group How MGR fared against its long-term earnings performance and its industry For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Since these values are fairly myopic, I have created an annualized five-year value for MGR's net income, which stands at UK£611.30K This shows that, on average, Miton Group has been able to increasingly grow its bottom line over the past few years as well.

Simply Wall St -

What's The Value Of Miton Group plc (LON:MGR)?

Emphasizing data points like book values, along with the return and cost of equity, may be useful for computing MGR’s value. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (8.28% – 5.17%) * £0.39 = £0.01 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.01 / (5.17% – 1.40%) = £0.32 These factors are combined to calculate the true value of MGR's stock: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £0.39 + £0.32 = £0.71 Relative to today's price of £0.52, MGR is priced beneath its true value.

Simply Wall St -

Discounted Financial Stocks To Buy Now

Miton Group and Oakley Capital Investments are financial stocks on my list that are potentially undervalued. … In addition to this, MGR’s PE ratio stands at around 16.04x relative to its Capital Markets peer level of, 16.1x meaning that relative to its peers, you can buy MGR for a cheaper price. … In terms of relative valuation, OCI’s PE ratio is trading at around 8.1x while its Capital Markets peer level trades at, 16.1x meaning that relative to its comparable company group, OCI’s stock can be bought at a cheaper price.

Simply Wall St -

Should You Buy Miton Group plc (LON:MGR) At £0.529?

Miton Group plc (AIM:MGR), a capital markets company based in United Kingdom, saw a significant share price rise of over 20% in the past couple of months on the AIM. … MGR’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. … If you are no longer interested in Miton Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

What Should Investors Know About Miton Group plc's (LON:MGR) Earnings Outlook?

The most recent earnings release Miton Group plc's (AIM:MGR) announced in December 2017 signalled that the company gained from a strong tailwind, leading to a high double-digit earnings growth of 54.09%. … Below is a brief commentary on my key takeaways on how market analysts view Miton Group's earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Miton Group Market analysts' consensus outlook for the upcoming year seems optimistic, with earnings rising by a robust 18.12%.

Simply Wall St -

Should Miton Group plc (LON:MGR) Be Part Of Your Portfolio?

Miton Group plc (AIM:MGR) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Check out our latest analysis for Miton Group How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … Compared to its peers, Miton Group generates a yield of 3.35%, which is high for Capital Markets stocks but still below the market's top dividend payers.Next Steps: Whilst there are few things you may like about Miton Group from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

MGR Company Info

Description

Miton Group plc provides fund management services in the United Kingdom. It trades its funds under the MAM, MAM Funds, Midas Capital Partners, and Miton Asset Management fund brand names. The company was formerly known as Midas Capital lc and changed its name to MAM Funds plc in July 2010. Miton Group plc was founded in 2001 and is based in London, United Kingdom.

Details
Name: Miton Group plc
MGR
Exchange: AIM
Founded: 2001
£85,799,898
155,999,815
Website: http://www.mitongroup.com
Address: Miton Group plc
Paternoster House,
65 Saint Paul’s Churchyard, Sixth Floor,
London,
Greater London, EC4M 8AB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MGR Ordinary Shares London Stock Exchange AIM Market GB GBP 16. Aug 2004
Number of employees
Current staff
Staff numbers
54
Miton Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:33
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/10/23
Last earnings filing: 2019/09/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.