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

Price performance

Relative *5.414.625.7

* % Relative to local index

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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
United Kingdom
+44 (0)20 7260 1000
View website