Numis Corporation (NUM)

Business description

Numis has grown to become one of the UK's leading institutional stockbrokers and corporate advisers. It employs c 235 staff in offices in London and New York, and has 202 corporate clients.

Stock data

Market cap.£361.4m
Last close335.00p
High / Low (52 weeks)339.0p / 231.2p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(0.7)13.427.4
Relative *5.414.625.7

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Alpha Strategic Amlin
APQ Global Arbuthnot Banking Group
Arden Partners Ashmore Group
Atlantis Japan Growth Fund Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
BlackRock Emerging Europe Brewin Dolphin
Brightside Group Catlin Group
Cenkos Securities ChimpChange
Circle Holdings City of London Group
Collins Stewart Corestate Capital Holding
Covercy Curtis Banks
DeA Capital Deutsche Börse
Deutsche Grundstücksauktionen DF Deutsche Forfait
Empiric Student Property Ernst Russ
Experian Fairpoint Group
FBD Holdings Ferratum Oyj
Finlab Gable Holdings
Gartmore Group GCP Student Living
German Startups Group GLI Finance
Grand City Properties Hardy Underwriting
Hargreaves Lansdown Heartland New Zealand
Helphire Henderson Group
Hiscox HSBC Holdings
ICAP IE Financial
IFG Group IG Group
Impax Asset Management International Personal Finance
Is Yatirim Menkul Degerler JDC Group
John Laing Group Jupiter Fund Management
Lancashire Holdings Liontrust Asset Management
Lloyd Fonds London Stock Exchange Group
MAN Group Market Tech Holdings
Mattioli Woods MCB Finance Group
mic Moneysupermarket.com
MPC Capital MyBucks
NEOVIA Financial Noratis
Novae Group Nurnberger Beteiligungs
Oakley Capital Investments Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Princess Private Equity Holding
Prudential publity
Quayle Munro Holdings Randall & Quilter Investment Holdings
RCM Beteiligungs Record
Rensburg Sheppards RSM Tenon
S&U Sanlam Securities UK
Scherzer & Co Schroders
Secure Trust Bank Share
Shore Capital Group St. James's Place
Syndicate Asset Management Tawa
The Dolphin Square Charitable Foundation Town Centre Securities
Tungsten Corporation Warsaw Stock Exchange
WH Ireland WorldSpreads Group

Company news

Is Numis Corporation Plc (LON:NUM) A Good Dividend Stock?

Mon, 19 Feb 2018 09:56:15 GMT

Broker Numis upbeat as equity market rally feeds through into deals

Fri, 28 Jul 2017 07:57:53 GMT

City broker Numis says "paucity" of deal-making has countered the benefit of ...

Fri, 31 Mar 2017 14:25:33 GMT

Is It Time To Buy Numis Corporation Plc (LON:NUM)?

Tue, 23 Jan 2018 17:37:30 GMT

Numis topples JPMorgan Cazenove from top City stockbroker spot

Sun, 03 Sep 2017 23:03:04 GMT

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 112.3 30.0 32.5 22.4 15.0 N/A
2017A 130.1 36.0 38.3 25.9 12.9 N/A
2018E 132.2 37.1 38.0 27.0 12.4 N/A
2019E 137.1 38.4 39.4 28.3 11.8 N/A

Last updated on 22/01/2018

Investment summary

Numis made good progress across its business in FY17 (end-September), started the current year at a similar pace and has a good pipeline of potential deals. Revenues for FY17 were up 16%, with both Corporate Broking and Advisory (+15%) and Equities (+17%) contributing strongly. The number of corporate clients increased modestly, now standing at over 200, and their average market capital increased by 33%. Pre-tax profit rose by 18% to £38.1m and EPS by 15.6% to 25.9p. The dividend was unchanged at 12p and under a revised dividend policy the board intends to pay a stable dividend and return surplus liquidity through share buybacks.

Last updated on 02/02/2018

Industry outlook

Implementation of MiFID II will affect research and sales income, but the evidence so far points to a moderate rather than severe impact on this part of the business. Trading is subject to market trends but, given the strong start to the year and the further development of the firm’s franchise, we raised both our estimates and valuation (to 354p) following the results in December.

Last updated on 02/02/2018

Key management

Company address

10 Paternoster Square
London
EC4M 7LT
United Kingdom
+44 (0)20 7260 1000
View website