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NVest Financial Holdings

JSE:NVE
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVE
JSE
ZAR584M
Market Cap
  1. Home
  2. ZA
  3. Diversified Financials
Company description

NVest Financial Holdings Limited, together with its subsidiaries, provides wealth management, stockbroking, and asset management services in South Africa. The last earnings update was 66 days ago. More info.


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NVE Share Price and Events
7 Day Returns
10.3%
JSE:NVE
0%
ZA Capital Markets
-1.3%
ZA Market
1 Year Returns
4.3%
JSE:NVE
-12.9%
ZA Capital Markets
-5.3%
ZA Market
NVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NVest Financial Holdings (NVE) 10.3% -3.5% 1.6% 4.3% -22.8% -
ZA Capital Markets 0% -0.2% -2.4% -12.9% -32.4% -29.3%
ZA Market -1.3% -0.5% 2.4% -5.3% -1% -2.4%
1 Year Return vs Industry and Market
  • NVE outperformed the Capital Markets industry which returned -12.9% over the past year.
  • NVE outperformed the Market in South Africa which returned -5.3% over the past year.
Price Volatility
NVE
Industry
5yr Volatility vs Market

Value

 Is NVest Financial Holdings 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 NVest Financial Holdings 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 NVest Financial Holdings.

JSE:NVE 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
= ZAR1.39 * 15%
ZAR0.21
Book Value of Equity per Share Median Book Value from the past 5 years. ZAR1.39
Discount Rate (Cost of Equity) See below 16.4%
Perpetual Growth Rate 10-Year ZA Government Bond Rate 8.6%

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 JSE:NVE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ZA Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 8.2%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.792 (1 + (1- 28%) (23.27%))
0.95
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.95 * 8.23%)
16.42%

Discounted Cash Flow Calculation for JSE:NVE using Excess Returns Model Model

The calculations below outline how an intrinsic value for NVest Financial Holdings 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.

JSE:NVE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15% – 16.42%) * ZAR1.39)
ZAR-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ZAR-0.02 / (16.42% - 8.6%)
ZAR-0.26
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ZAR1.39 + ZAR-0.26
ZAR1.13
JSE:NVE Discount to Share Price
Calculation Result
Value per share (ZAR) From above. ZAR1.13
Current discount Discount to share price of ZAR1.93
= -1 x (ZAR1.93 - ZAR1.13) / ZAR1.13
-70.5%

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

  • The current share price of NVest Financial Holdings 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 NVest Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NVest Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JSE:NVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-28) in ZAR ZAR0.21
JSE:NVE Share Price ** JSE (2020-01-23) in ZAR ZAR1.93
South Africa Capital Markets Industry PE Ratio Median Figure of 13 Publicly-Listed Capital Markets Companies 11.82x
South Africa Market PE Ratio Median Figure of 205 Publicly-Listed Companies 11.55x

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

** Primary Listing of NVest Financial Holdings.

JSE:NVE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:NVE Share Price ÷ EPS (both in ZAR)

= 1.93 ÷ 0.21

9.3x

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

  • NVest Financial Holdings is good value based on earnings compared to the ZA Capital Markets industry average.
  • NVest Financial Holdings is good value based on earnings compared to the South Africa market.
Price based on expected Growth
Does NVest Financial Holdings's expected growth come at a high price?
Raw Data
JSE:NVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Africa Capital Markets Industry PEG Ratio Median Figure of 5 Publicly-Listed Capital Markets Companies 0.91x
South Africa Market PEG Ratio Median Figure of 77 Publicly-Listed Companies 1.02x

*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 NVest Financial Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NVest Financial Holdings's assets?
Raw Data
JSE:NVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-28) in ZAR ZAR1.53
JSE:NVE Share Price * JSE (2020-01-23) in ZAR ZAR1.93
South Africa Capital Markets Industry PB Ratio Median Figure of 19 Publicly-Listed Capital Markets Companies 0.91x
South Africa Market PB Ratio Median Figure of 268 Publicly-Listed Companies 0.86x
JSE:NVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:NVE Share Price ÷ Book Value per Share (both in ZAR)

= 1.93 ÷ 1.53

1.26x

* Primary Listing of NVest Financial Holdings.

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

  • NVest Financial Holdings is overvalued based on assets compared to the ZA Capital Markets industry average.
X
Value checks
We assess NVest Financial Holdings'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. NVest Financial Holdings 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.

Future Performance

 How is NVest Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NVest Financial Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
20.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NVest Financial Holdings expected to grow at an attractive rate?
  • Unable to compare NVest Financial Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NVest Financial Holdings's earnings growth to the South Africa market average as no estimate data is available.
  • Unable to compare NVest Financial Holdings's revenue growth to the South Africa market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JSE:NVE Future Growth Rates Data Sources
Data Point Source Value (per year)
South Africa Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 20.8%
Africa Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
South Africa Market Earnings Growth Rate Market Cap Weighted Average 19.8%
South Africa Market Revenue Growth Rate Market Cap Weighted Average 9.3%

*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
JSE:NVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JSE:NVE Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-08-28 300 64 63
2019-05-28 303 66 63
2019-02-28 306 69 64
2018-11-30 306 65 63
2018-08-31 305 60 62
2018-05-31 298 61 61
2018-02-28 291 63 59
2017-11-30 284 59
2017-08-31 277 60 59
2017-05-31 279 57 61
2017-02-28 282 54 62
2016-11-30 282 53 63
2016-08-31 277 51 66

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NVest Financial Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if NVest Financial Holdings is high growth as no revenue estimate data is available.
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
JSE:NVE 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 0 Analyst Estimates (S&P Global) See Below

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

JSE:NVE Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-08-28 0.21
2019-05-28 0.21
2019-02-28 0.21
2018-11-30 0.21
2018-08-31 0.21
2018-05-31 0.20
2018-02-28 0.20
2017-11-30 0.20
2017-08-31 0.20
2017-05-31 0.20
2017-02-28 0.21
2016-11-30 0.21
2016-08-31 0.22

*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 NVest Financial Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out NVest Financial Holdings's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. NVest Financial Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess NVest Financial Holdings'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 South Africa market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Africa 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.
NVest Financial Holdings 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 NVest Financial Holdings 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 NVest Financial Holdings'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.
  • NVest Financial Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • NVest Financial Holdings's 1-year earnings growth is less than its 5-year average (0.9% vs 8.3%)
  • NVest Financial Holdings's earnings growth has exceeded the ZA Capital Markets industry average in the past year (0.9% vs -5.8%).
Earnings and Revenue History
NVest Financial Holdings'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 NVest Financial Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JSE:NVE Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-28 300.13 62.85 102.39
2019-05-28 303.24 63.29 101.11
2019-02-28 306.34 63.73 99.82
2018-11-30 305.78 62.86 98.98
2018-08-31 305.22 62.37 98.14
2018-05-31 298.08 60.71 95.94
2018-02-28 290.94 59.05 93.73
2017-11-30 283.76 59.19 91.74
2017-08-31 276.57 59.33 89.74
2017-05-31 279.32 60.70 89.67
2017-02-28 282.07 62.07 89.59
2016-11-30 282.22 63.42 94.72
2016-08-31 276.81 65.86 94.04
2016-05-31 246.63 61.90 87.79
2016-02-29 216.44 57.95 81.54
2015-11-30 177.89 50.23 70.04
2015-08-31 139.34 42.51 58.54
2015-05-31 126.99 38.08 54.85
2015-02-28 114.64 33.64 51.16
2014-02-28 97.21 30.93 44.83 0.22
2013-02-28 78.58 20.99 39.51 0.33

*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.
  • NVest Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NVest Financial Holdings used its assets more efficiently than the ZA Capital Markets industry average last year based on Return on Assets.
  • NVest Financial Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NVest Financial Holdings'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.
NVest Financial Holdings 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.

Health

 How is NVest Financial Holdings'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 NVest Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NVest Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NVest Financial Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NVest Financial Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
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 NVest Financial Holdings Company Filings, last reported 4 months ago.

JSE:NVE Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-28 465.05 135.17 146.11
2019-05-28 465.05 135.17 146.11
2019-02-28 453.59 142.19 172.45
2018-11-30 453.59 142.19 172.45
2018-08-31 436.45 148.23 171.10
2018-05-31 436.45 148.23 171.10
2018-02-28 423.14 154.05 157.40
2017-11-30 423.14 154.05 157.40
2017-08-31 407.71 160.02 152.52
2017-05-31 407.71 160.02 152.52
2017-02-28 395.32 172.66 125.80
2016-11-30 395.32 172.66 126.37
2016-08-31 382.77 177.81 146.51
2016-05-31 382.77 177.81 146.51
2016-02-29 366.21 172.66 142.45
2015-11-30 366.21 172.66 142.45
2015-08-31 205.00 67.60 133.59
2015-05-31 205.00 67.60 133.59
2015-02-28 56.98 62.54 48.65
2014-02-28 79.06 0.49 49.77
2013-02-28 68.47 0.97 38.16
  • NVest Financial Holdings's level of debt (29.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.2% vs 29.1% today).
  • Debt is well covered by operating cash flow (47.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.1x coverage).
X
Financial health checks
We assess NVest Financial Holdings'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. NVest Financial Holdings 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 NVest Financial Holdings'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
6.09%
Current annual income from NVest Financial Holdings dividends.
If you bought ZAR2,000 of NVest Financial Holdings shares you are expected to receive ZAR122 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?
  • NVest Financial Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in South Africa (3.41%).
  • NVest Financial Holdings's dividend is below the markets top 25% of dividend payers in South Africa (8.85%).
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
JSE:NVE 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 0 Analyst Estimates (S&P Global) See Below
South Africa Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.2%
South Africa Market Average Dividend Yield Market Cap Weighted Average of 178 Stocks 4%
South Africa Minimum Threshold Dividend Yield 10th Percentile 1.9%
South Africa Bottom 25% Dividend Yield 25th Percentile 3.4%
South Africa Top 25% Dividend Yield 75th Percentile 8.9%

Industry and Market average data is calculated daily.

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

JSE:NVE Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-06-18 0.118 5.949
2019-05-24 0.118 6.221
2018-05-25 0.110 5.940
2017-06-19 0.103 5.231
2017-05-29 0.103 4.498
2016-11-23 0.106 4.299
2016-06-15 0.096 3.478
2016-05-31 0.096 3.006
2015-11-27 0.090 2.666

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

  • Whilst dividend payments have been stable, NVest Financial Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but NVest Financial Holdings only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of NVest Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NVest Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 NVest Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NVest Financial Holdings has a total score of 2/6, 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 NVest Financial Holdings'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
Anthony Godwin
COMPENSATION ZAR5,567,529
AGE 59
CEO Bio

Mr. Anthony Denis Godwin serves as the Chief Executive Officer of Nvest Financial Holdings Limited and has been its Executive Director since July 3, 2008.

CEO Compensation
  • Anthony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Anthony's remuneration is about average for companies of similar size in South Africa.
Management Team Tenure

Average tenure and age of the NVest Financial Holdings management team in years:

1.5
Average Tenure
44
Average Age
  • The average tenure for the NVest Financial Holdings management team is less than 2 years, this suggests a new team.
Management Team

Anthony Godwin

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
59

Brendan Connellan

TITLE
COO, Company Secretary & Executive Director
COMPENSATION
ZAR2M
AGE
44
TENURE
0.3 yrs

Siviwe Relebohile Kwatsha

TITLE
Group Chief Information Officer & Executive Director
COMPENSATION
ZAR67K
AGE
40
TENURE
0.9 yrs

Mike Estment

TITLE
Executive Director
COMPENSATION
ZAR9M
AGE
61

Andrew Duvenage

TITLE
Member of the Executive Management Team & MD of NFB Finance Brokers Gauteng (Pty) Limited
AGE
38
TENURE
3.3 yrs

Chris Lemmon

TITLE
Executive Director
COMPENSATION
ZAR4M
AGE
40

Michelle Wolmarans

TITLE
Managing Director of NFB Insurance Brokers (Border) (Pty) Limited

Charl Herselman

TITLE
Interim Financial Director & Executive Director
TENURE
0.7 yrs

Nathan Carr

TITLE
Member of the Executive Management Team and Group Head of Group Legal & Corporate Strategy
AGE
44
TENURE
2 yrs

Gavin Ramsay

TITLE
Member of the Executive Management Team & Director of NFB Finance Brokers Eastern Cape (Pty) Limited
COMPENSATION
ZAR8M
AGE
46
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the NVest Financial Holdings board of directors in years:

1.8
Average Tenure
44.5
Average Age
  • The average tenure for the NVest Financial Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jonathan Goldberg

TITLE
Independent Non-Executive Chairperson
COMPENSATION
ZAR164K
AGE
57

Anthony Godwin

TITLE
CEO & Executive Director
COMPENSATION
ZAR6M
AGE
59
TENURE
11.5 yrs

Brendan Connellan

TITLE
COO, Company Secretary & Executive Director
COMPENSATION
ZAR2M
AGE
44
TENURE
1.4 yrs

Mike Estment

TITLE
Executive Director
COMPENSATION
ZAR9M
AGE
61
TENURE
4.3 yrs

Chris Lemmon

TITLE
Executive Director
COMPENSATION
ZAR4M
AGE
40
TENURE
1.8 yrs

Charl Herselman

TITLE
Interim Financial Director & Executive Director
TENURE
0.9 yrs

Lana Joy Weldon

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR130K
AGE
45

Dylan Schemel

TITLE
Non-Executive Director
COMPENSATION
ZAR81K
AGE
36
TENURE
4.6 yrs

Lusanda Mangxamba

TITLE
Independent Non-Executive Director
AGE
44
TENURE
0.9 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 (ZAR) Value (ZAR)
31. May 19 Buy Siviwe Relebohile Kwatsha Individual 30. May 19 30. May 19 4,000 ZAR2.00 ZAR8,000
05. Jun 19 Buy Siviwe Relebohile Kwatsha Individual 04. Jun 19 04. Jun 19 4,500 ZAR2.00 ZAR9,000
X
Management checks
We assess NVest Financial Holdings'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. NVest Financial Holdings 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

Company Info

Description

NVest Financial Holdings Limited, together with its subsidiaries, provides wealth management, stockbroking, and asset management services in South Africa. The company’s financial services include property management, sales, leasing, and brokerage, as well as ancillary services; short-term insurance brokerage; and commercial property investment services. It offers financial advisory and intermediary services in personal and commercial lines in the short term insurance industry; and portfolio management services, as well as offers investments in direct equity/shares and listed property stocks. The company also engages in the preparation of wills, managed accounts, and the administration of deceased estates and testamentary trusts. In addition, it manages the assets of local and foreign collective investment schemes; and provides healthcare advisory, risk advisory, fiduciary, and employee benefits services. NVest Financial Holdings Limited was founded in 1985 and is based in East London, South Africa.

Details
Name: NVest Financial Holdings Limited
NVE
Exchange: JSE
Founded: 1985
ZAR584,291,523
302,741,722
Website: http://www.nvestholdings.co.za
Address: NVest Financial Holdings Limited
NFB House,
42 Beach Road,
East London,
Eastern Cape, 5241,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE NVE Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 29. May 2015
Number of employees
Current staff
Staff numbers
158
NVest Financial Holdings employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/24 16:46
End of day share price update: 2020/01/23 00:00
Last earnings filing: 2019/11/19
Last earnings reported: 2019/08/28
Last annual earnings reported: 2019/02/28


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.