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Jupiter Fund Management

LSE:JUP
Snowflake Description

Flawless balance sheet average dividend payer.

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

Jupiter Fund Management Plc is a publicly owned investment manager. The last earnings update was 130 days ago. More info.


Add to Portfolio Compare Print
  • Jupiter Fund Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
JUP Share Price and Events
7 Day Returns
3.3%
LSE:JUP
-0.5%
GB Capital Markets
-0.8%
GB Market
1 Year Returns
25.6%
LSE:JUP
27.1%
GB Capital Markets
8.5%
GB Market
JUP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jupiter Fund Management (JUP) 3.3% 3.2% 6.6% 25.6% -12.1% 8.1%
GB Capital Markets -0.5% 0.9% -0.1% 27.1% 73.4% 108%
GB Market -0.8% -0.6% 1.5% 8.5% 4% 9.5%
1 Year Return vs Industry and Market
  • JUP underperformed the Capital Markets industry which returned 27.1% over the past year.
  • JUP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 8.5% over the past year.
Price Volatility
JUP
Industry
5yr Volatility vs Market

Value

 Is Jupiter Fund Management 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 Jupiter Fund Management 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 Jupiter Fund Management.

LSE:JUP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= £1.38 * 20.4%
£0.28
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. £1.38
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 LSE:JUP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.763 (1 + (1- 19%) (0%))
0.841
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)
= 0.53% + (0.841 * 6.07%)
5.64%

Discounted Cash Flow Calculation for LSE:JUP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Jupiter Fund Management 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.

LSE:JUP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.4% – 5.64%) * £1.38)
£0.20
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.20 / (5.64% - 0.53%)
£3.99
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.38 + £3.99
£5.36
LSE:JUP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £5.36
Current discount Discount to share price of £3.76
= -1 x (£3.76 - £5.36) / £5.36
29.8%

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

Current Discount
Amount off the current price Jupiter Fund Management is available for.
Intrinsic value
30%
Share price is £3.76 vs Future cash flow value of £5.36
Current Discount Checks
For Jupiter Fund Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jupiter Fund Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Jupiter Fund Management's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Jupiter Fund Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jupiter Fund Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:JUP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.30
LSE:JUP Share Price ** LSE (2019-12-06) in GBP £3.76
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 43 Publicly-Listed Capital Markets Companies 19.11x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 17.27x

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

** Primary Listing of Jupiter Fund Management.

LSE:JUP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:JUP Share Price ÷ EPS (both in GBP)

= 3.76 ÷ 0.30

12.65x

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

  • Jupiter Fund Management is good value based on earnings compared to the GB Capital Markets industry average.
  • Jupiter Fund Management is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Jupiter Fund Management's expected growth come at a high price?
Raw Data
LSE:JUP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-0.6%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.13x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 562 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

LSE:JUP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.65x ÷ -0.6%

-20.57x

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

  • Jupiter Fund Management earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jupiter Fund Management's assets?
Raw Data
LSE:JUP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.33
LSE:JUP Share Price * LSE (2019-12-06) in GBP £3.76
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.43x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,311 Publicly-Listed Companies 1.53x
LSE:JUP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:JUP Share Price ÷ Book Value per Share (both in GBP)

= 3.76 ÷ 1.33

2.83x

* Primary Listing of Jupiter Fund Management.

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

  • Jupiter Fund Management is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Jupiter Fund Management'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. Jupiter Fund Management has a total score of 3/6, 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.

Future Performance

 How is Jupiter Fund Management expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

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
-0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jupiter Fund Management expected to grow at an attractive rate?
  • Jupiter Fund Management's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Jupiter Fund Management's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Jupiter Fund Management'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
LSE:JUP Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:JUP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -0.6%
LSE:JUP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 0.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
LSE:JUP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:JUP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 120
2022-12-31 158 119
2021-12-31 386 159 130 10
2020-12-31 370 152 125 11
2019-12-31 377 171 127 11
2019-12-07
LSE:JUP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 389 100 133
2019-03-31 401 135 138
2018-12-31 413 171 143
2018-09-30 421 200 150
2018-06-30 429 230 157
2018-03-31 419 212 156
2017-12-31 410 195 155
2017-09-30 393 182 149
2017-06-30 377 169 143
2017-03-31 364 158 140
2016-12-31 351 147 136
2016-09-30 341 151 135

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jupiter Fund Management's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Jupiter Fund Management's revenue is expected to grow by 0.9% 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
LSE:JUP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Jupiter Fund Management Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:JUP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.27 0.29 0.25 7.00
2020-12-31 0.27 0.29 0.24 8.00
2019-12-31 0.28 0.29 0.27 8.00
2019-12-07
LSE:JUP Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.30
2019-03-31 0.31
2018-12-31 0.32
2018-09-30 0.33
2018-06-30 0.35
2018-03-31 0.35
2017-12-31 0.34
2017-09-30 0.33
2017-06-30 0.32
2017-03-31 0.31
2016-12-31 0.30
2016-09-30 0.30

*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.
  • Jupiter Fund Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jupiter Fund Management'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.
Jupiter Fund Management 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.

Past Performance

  How has Jupiter Fund Management 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 Jupiter Fund Management'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.
  • Jupiter Fund Management's year on year earnings growth rate has been positive over the past 5 years.
  • Jupiter Fund Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Jupiter Fund Management's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Jupiter Fund Management'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 Jupiter Fund Management Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:JUP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 388.70 133.20 215.20
2019-03-31 400.70 138.10 219.05
2018-12-31 412.70 143.00 222.90
2018-09-30 420.80 150.00 224.65
2018-06-30 428.90 157.00 227.10
2018-03-31 419.20 155.90 220.45
2017-12-31 409.50 154.80 213.80
2017-09-30 393.15 148.75 205.45
2017-06-30 376.80 142.70 197.10
2017-03-31 364.10 139.50 189.50
2016-12-31 351.40 136.30 181.90
2016-09-30 340.75 135.10 174.20
2016-06-30 330.10 133.90 166.50
2016-03-31 329.80 133.00 165.10
2015-12-31 329.50 132.10 163.70
2015-09-30 326.70 143.75 161.35
2015-06-30 323.90 155.40 159.00
2015-03-31 313.45 140.60 153.90
2014-12-31 303.00 125.80 148.80
2014-09-30 299.85 102.50 148.15
2014-06-30 296.70 79.20 147.50
2014-03-31 292.60 83.90 144.80
2013-12-31 288.50 88.60 142.10
2013-09-30 277.80 83.80 138.30
2013-06-30 267.10 79.00 134.50
2013-03-31 255.80 67.60 131.45
2012-12-31 244.50 56.20 128.40

*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.
  • Jupiter Fund Management has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Jupiter Fund Management used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Jupiter Fund Management's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jupiter Fund Management'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.
Jupiter Fund Management has a total score of 3/6, 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.

Health

 How is Jupiter Fund Management'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 Jupiter Fund Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jupiter Fund Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jupiter Fund Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jupiter Fund Management'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.
  • Jupiter Fund Management 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 Jupiter Fund Management Company Filings, last reported 5 months ago.

LSE:JUP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 596.40 0.00 372.60
2019-03-31 596.40 0.00 372.60
2018-12-31 624.40 0.00 413.70
2018-09-30 624.40 0.00 413.70
2018-06-30 596.40 0.00 364.00
2018-03-31 596.40 0.00 364.00
2017-12-31 640.30 0.00 376.80
2017-09-30 640.30 0.00 376.80
2017-06-30 582.70 0.00 305.50
2017-03-31 582.70 0.00 305.50
2016-12-31 610.40 0.00 337.10
2016-09-30 610.40 0.00 337.10
2016-06-30 565.50 0.00 267.90
2016-03-31 565.50 0.00 267.90
2015-12-31 602.90 0.00 322.90
2015-09-30 602.90 0.00 322.90
2015-06-30 560.90 0.00 261.70
2015-03-31 560.90 0.00 261.70
2014-12-31 586.20 0.00 301.90
2014-09-30 586.20 0.00 301.90
2014-06-30 513.00 0.00 226.60
2014-03-31 513.00 0.00 226.60
2013-12-31 513.70 11.00 234.90
2013-09-30 513.70 11.00 231.10
2013-06-30 477.90 41.70 210.70
2013-03-31 477.90 41.70 210.70
2012-12-31 459.00 77.30 200.40
  • Jupiter Fund Management has no debt.
  • Jupiter Fund Management currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Jupiter Fund Management has no debt, it does not need to be covered by operating cash flow.
  • Jupiter Fund Management has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Jupiter Fund Management'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. Jupiter Fund Management 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.

Dividends

 What is Jupiter Fund Management'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
7.58%
Current annual income from Jupiter Fund Management dividends. Estimated to be 6.39% next year.
If you bought £2,000 of Jupiter Fund Management shares you are expected to receive £152 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?
  • Jupiter Fund Management's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.96%).
  • Jupiter Fund Management's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.25%).
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
LSE:JUP 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 11 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 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 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 2%
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.

LSE:JUP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.24 12.00
2020-12-31 0.23 13.00
2019-12-31 0.24 13.00
2019-12-07
LSE:JUP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.285 7.856
2018-07-27 0.337 9.696
2018-03-06 0.326 7.056
2018-02-27 0.326 6.372
2017-03-08 0.272 5.161
2017-02-24 0.272 6.431
2016-07-15 0.260 6.091
2016-03-04 0.255 6.285
2016-02-29 0.255 6.187
2015-03-04 0.132 3.026
2015-02-26 0.132 3.161
2014-07-31 0.076 2.226
2014-02-27 0.126 3.137
2014-02-26 0.126 3.019
2013-08-01 0.098 2.607
2013-02-28 0.088 2.703
2012-03-28 0.106 4.280
2012-03-07 0.106 4.403
2011-08-19 0.050 2.312
2011-04-08 0.047 1.821
2011-03-18 0.047 1.628

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

  • Jupiter Fund Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Jupiter Fund Management only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Jupiter Fund Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Jupiter Fund Management'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 Jupiter Fund Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jupiter Fund Management has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Jupiter Fund Management'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
Andrew Formica
AGE 48
TENURE AS CEO 0.8 years
CEO Bio

Mr. Andrew James Formica has been Chief Executive Officer and Director of Jupiter Fund Management plc since March 1, 2019. Mr. Formica has serves as a Director of The Investment Association and was its Deputy Chairman until September 2018. He served as Advisor of Janus Henderson Group plc since July 31, 2018 until December 31, 2018. Mr. Formica served as Co-Chief Executive Officer and Executive Director of Janus Henderson Group plc since May 2017 until July 31, 2017. Mr. Formica was Chief Executive of Henderson Group from November 2008 to May 2017. Mr. Formica serves as the Chief Executive Officer, Managing Director, and Director at Henderson Global Investors Limited. He was a Non-Executive Director of Hammerson plc since November 26, 2015 until April 2019. He has been with Henderson since 1998 and in the fund management industry since 1993. He has held various senior roles with it. He served as Joint Managing Director of the Listed Assets business from September 2006 and as Head of Equities from September 2004. In the early part of his career, he was an Equity Manager and Analyst for Henderson. He was a director of TIAA Henderson Real Estate Limited from April 2014 to July 2015. He received a Master’s Degree in Economics from Macquarie University in 1993 and an MBA from London Business School in 2001.

CEO Compensation
  • Insufficient data for Andrew to compare compensation growth.
  • Insufficient data for Andrew to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Jupiter Fund Management management team in years:

3.7
Average Tenure
49
Average Age
  • The tenure for the Jupiter Fund Management management team is about average.
Management Team

Andrew Formica

TITLE
CEO & Director
AGE
48
TENURE
0.8 yrs

Wayne Mepham

TITLE
Chief Financial Officer
AGE
46
TENURE
0.3 yrs

Paula Moore

TITLE
Joint Chief Operating Officer

Lance Robert DeLuca

TITLE
Joint Chief Operating Officer
AGE
47

Stephen Pearson

TITLE
Chief Investment Officer
TENURE
4.3 yrs

Alex Sargent

TITLE
Head of Finance
AGE
51

Laura Curtis

TITLE
Head of Marketing
TENURE
3.2 yrs

Andy Boorman

TITLE
Interim HR Director
AGE
50

John Chatfeild-Roberts

TITLE
Head of Strategy - Independent Funds
COMPENSATION
£2M
AGE
56
TENURE
4.3 yrs

Martin Harris

TITLE
Head of Institutional Business
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the Jupiter Fund Management board of directors in years:

4
Average Tenure
57
Average Age
  • The tenure for the Jupiter Fund Management board of directors is about average.
Board of Directors

Liz Airey

TITLE
Independent Chairman of the Board
COMPENSATION
£237K
AGE
60
TENURE
5.3 yrs

Andrew Formica

TITLE
CEO & Director
AGE
48
TENURE
0.8 yrs

Edward H. Carter

TITLE
Vice Chairman
COMPENSATION
£451K
AGE
58
TENURE
5.8 yrs

Polly Williams

TITLE
Independent Non-Executive Director
COMPENSATION
£91K
AGE
54
TENURE
4.8 yrs

Bridget Macaskill

TITLE
Independent Non-Executive Director
COMPENSATION
£104K
AGE
71
TENURE
4.6 yrs

Jonathon Roderick Alan Bond

TITLE
Senior Independent Director
COMPENSATION
£88K
AGE
56
TENURE
2.3 yrs

Karl Sternberg

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
AGE
49
TENURE
3.4 yrs

Roger Yates

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
AGE
62
TENURE
2.2 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 (£)
X
Management checks
We assess Jupiter Fund Management'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. Jupiter Fund Management 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.

News

Simply Wall St News

Reasons Why I Like Jupiter Fund Management Plc (LON:JUP)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Jupiter Fund Management Plc (LON:JUP) due to its excellent fundamentals in more than one area.

Simply Wall St -

Should Jupiter Fund Management Plc (LON:JUP) Be Part Of Your Portfolio?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Jupiter Fund Management Plc (LON:JUP) has returned to shareholders over the past 7 years, an average dividend yield of 4.00% annually. … Let's dig deeper into whether Jupiter Fund Management should have a place in your portfolio.

Simply Wall St -

Jupiter Fund Management Plc (LON:JUP): An Investing Strategy To Help You Win

I'm talking about the well-proven, robust track record Jupiter Fund Management Plc. … Check out our latest analysis for Jupiter Fund Management. … Jupiter Fund Management Plc is a publicly owned investment manager

Simply Wall St -

How Does Jupiter Fund Management Plc (LON:JUP) Fare As A Dividend Stock?

Jupiter Fund Management Plc (LSE:JUP) has returned to shareholders over the past 7 years, an average dividend yield of 4.00% annually. … View our latest analysis for Jupiter Fund Management How I analyze a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … Relative to peers, Jupiter Fund Management produces a yield of 6.85%, which is high for Capital Markets stocks.Next Steps: Keeping in mind the dividend characteristics above, Jupiter Fund Management is definitely worth considering for investors looking to build a dedicated income portfolio.

Simply Wall St -

Should You Buy Jupiter Fund Management Plc (LON:JUP) At This PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JUP Price per share = £4.57 Earnings per share = £0.345 ∴ Price-Earnings Ratio = £4.57 ÷ £0.345 = 13.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since JUP's P/E of 13.2x is lower than its industry peers (15.6x), it means that investors are paying less than they should for each dollar of JUP's earnings.

Simply Wall St -

Jupiter Fund Management Plc (LON:JUP) Investors Are Paying Above The Intrinsic Value

Focusing on elements like book values, with the return and cost of equity, is beneficial for determining JUP’s value. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (25.03% – 9.02%) * £1.46 = £0.23 Excess Return Per Share is used to calculate the terminal value of JUP, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.23 / (9.02% – 1.49%) = £3.1 Putting this all together, we get the value of JUP’s share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £1.46 + £3.1 = £4.56 Given JUP's current share price of £4.69, JUP is currently priced in-line with its intrinsic value.

Simply Wall St -

What Should Investors Know About Jupiter Fund Management Plc's (LON:JUP) Future?

The latest earnings release Jupiter Fund Management Plc's (LSE:JUP) announced in December 2017 signalled that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 13.57%. … Below, I've laid out key numbers on how market analysts predict Jupiter Fund Management's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … Check out our latest analysis for Jupiter Fund Management Analysts' outlook for next year seems rather subdued, with earnings growing by a single digit 3.79%.

Simply Wall St -

Jupiter Fund Management Plc's (LON:JUP) Earnings Grew 13.57%, Did It Beat Long-Term Trend?

After reading Jupiter Fund Management Plc's (LSE:JUP) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … For Jupiter Fund Management, its latest trailing-twelve-month earnings is UK£154.80M, which, relative to the previous year's level, has climbed up by 13.57%. … Since these figures may be fairly short-term, I’ve created an annualized five-year value for Jupiter Fund Management's earnings, which stands at UK£100.04M This shows that, generally, Jupiter Fund Management has been able to increasingly grow its net income over the last couple of years as well.

Simply Wall St -

Only 3 Days Left To Jupiter Fund Management Plc (LON:JUP)’s Ex-Dividend Date, Should You Buy?

View our latest analysis for Jupiter Fund Management 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … LSE:JUP Historical Dividend Yield Mar 4th 18 How well does Jupiter Fund Management fit our criteria? … The reality is that it is too early to consider Jupiter Fund Management as a dividend investment.

Simply Wall St -

There's An Opportunity With Jupiter Fund Management Plc (LON:JUP)

Jupiter Fund Management Plc is a financially healthy and robust stock with a proven track record of outperformance. … We all know Jupiter Fund Management, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … In Jupiter Fund Management's case, they have no debt on the books, which eliminates short-term debt pressures highly-levered companies may face.

Simply Wall St -

Company Info

Description

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.

Details
Name: Jupiter Fund Management Plc
JUP
Exchange: LSE
Founded: 1985
£1,644,078,900
448,100,000
Website: http://www.jupiteram.com/en/Jupiter-Fund-Management-plc
Address: Jupiter Fund Management Plc
The Zig Zag Building,
70 Victoria Street,
London,
Greater London, SW1E 6SQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE JUP Ordinary Shares London Stock Exchange GB GBP 16. Jun 2010
DB 4JF Ordinary Shares Deutsche Boerse AG DE EUR 16. Jun 2010
BATS-CHIXE JUPL Ordinary Shares BATS 'Chi-X Europe' GB GBP 16. Jun 2010
Number of employees
Current staff
Staff numbers
522
Jupiter Fund Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 21:26
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2019/12/03
Last earnings filing: 2019/07/30
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.