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Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
2019
1.2K+
LTM Revenue $18.7B
LTM EBITDA $5.7B
-$14.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Ninety One has a last 12-month revenue of $18.7B and a last 12-month EBITDA of $5.7B.
In the most recent fiscal year, Ninety One achieved revenue of $38.1M and an EBITDA of $12.8M.
Ninety One expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ninety One valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $40.7M | $38.1M | XXX | XXX | XXX |
| Gross Profit | $23.4M | $21.3M | XXX | XXX | XXX |
| Gross Margin | 57% | 56% | XXX | XXX | XXX |
| EBITDA | $12.6M | $12.8M | XXX | XXX | XXX |
| EBITDA Margin | 31% | 34% | XXX | XXX | XXX |
| Net Profit | $11.2M | $9.0M | XXX | XXX | XXX |
| Net Margin | 28% | 23% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Ninety One's stock price is ZAR 31 (or $2).
Ninety One has current market cap of ZAR 28.0B (or $1.5B), and EV of -ZAR 262B (or -$14.3B).
See Ninety One trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$14.3B | $1.5B | XXX | XXX | XXX | XXX | $0.20 |
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Sign UpAs of April 15, 2025, Ninety One has market cap of $1.5B and EV of -$14.3B.
Ninety One's trades at -18.1x LTM EV/Revenue multiple, and -58.8x LTM EBITDA.
Analysts estimate Ninety One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Ninety One and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | -$14.3B | XXX | XXX | XXX |
| EV/Revenue | -23.7x | XXX | XXX | XXX |
| EV/EBITDA | -76.9x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNinety One's NTM/LTM revenue growth is -3%
Ninety One's revenue per employee for the last fiscal year averaged $32K, while opex per employee averaged $9K for the same period.
Over next 12 months, Ninety One's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Ninety One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Ninety One and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -6% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 27% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $32K | XXX | XXX | XXX | XXX |
| Opex per Employee | $9K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 27% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Waha Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurocommercial Props | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Ninety One acquired XXX companies to date.
Last acquisition by Ninety One was XXXXXXXX, XXXXX XXXXX XXXXXX . Ninety One acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Ninety One founded? | Ninety One was founded in 2019. |
| Where is Ninety One headquartered? | Ninety One is headquartered in South Africa. |
| How many employees does Ninety One have? | As of today, Ninety One has 1.2K+ employees. |
| Who is the CEO of Ninety One? | Ninety One's CEO is Mr. Hendrik du Toit . |
| Is Ninety One publicy listed? | Yes, Ninety One is a public company listed on JSE. |
| What is the stock symbol of Ninety One? | Ninety One trades under NY1 ticker. |
| When did Ninety One go public? | Ninety One went public in 2020. |
| Who are competitors of Ninety One? | Similar companies to Ninety One include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
| What is the current market cap of Ninety One? | Ninety One's current market cap is $1.5B |
| What is the current revenue of Ninety One? | Ninety One's last 12-month revenue is $18.7B. |
| What is the current EBITDA of Ninety One? | Ninety One's last 12-month EBITDA is $5.7B. |
| What is the current EV/Revenue multiple of Ninety One? | Current revenue multiple of Ninety One is -18.1x. |
| What is the current EV/EBITDA multiple of Ninety One? | Current EBITDA multiple of Ninety One is -58.8x. |
| What is the current revenue growth of Ninety One? | Ninety One revenue growth between 2023 and 2024 was -6%. |
| Is Ninety One profitable? | Yes, Ninety One is EBITDA-positive (as of the last 12 months). |
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