Search Follow us

Numis Corporation (NUM)

Business description

Numis has grown to become one of the UK's leading institutional stockbrokers and corporate advisers. It employs c 255 staff in offices in London and New York and had 208 corporate clients at end March 2018.

Stock data

Market cap.£458.5m
Last close430.00p
High / Low (52 weeks)440.0p / 231.2p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual3.511.485.8
Relative *3.75.779.1

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Allied Minds Alpha Strategic
Amlin APQ Global
Arbuthnot Banking Group Arden Partners
Ashford Ashford Hospitality Trust
Ashmore Group Atlantis Japan Growth Fund
Attica Bank Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
BlackRock Emerging Europe Braemar Hotels & Resorts
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
ICG-Longbow Senior Secured UK Property Debt Investments Ltd 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 Lighthouse Group
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
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
Supermarket Income REIT Syndicate Asset Management
Tawa The Dolphin Square Charitable Foundation
Town Centre Securities Tungsten Corporation
Umweltbank Volta Finance
Warsaw Stock Exchange WH Ireland
WorldSpreads Group

Company news

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 19.2 N/A
2017A 130.1 36.0 38.3 25.9 16.6 N/A
2018E 144.5 38.4 37.8 26.2 16.4 N/A
2019E 147.7 39.2 38.6 27.3 15.8 N/A

Last updated on 25/06/2018

Investment summary

Numis made good progress in H118. Overall revenues were up 42% compared with H117 and just 5% below the particularly strong second half last year. Capital markets showed the strongest advance from the prior year period at +94% closely followed by advisory, +86%. Equities revenues were virtually unchanged, reflecting a moderate reduction in trading profit and a slight increase in institutional income. The implementation of MiFID II in Numis’s second quarter has so far been navigated without obvious adverse impact. While costs did increase significantly (+27%) reflecting both variable compensation and investment in new staff, the operating margin increased and pre-tax profits rose 87% to £19.5m. In June, Numis won the Extel award for best UK small and mid-cap broker for the 6th year in a row.

Last updated on 29/06/2018

Industry outlook

Investment in people and platforms to support future growth and our expectation of lower portfolio gains restrains our earnings estimates for the moment but healthy deal pipelines, continued growth in the corporate client base (208 companies end H118) and the strong balance sheet are positive indicators for the future, subject to market fluctuations.

Last updated on 29/06/2018

Key management

Andrew Holloway, Finance director

Company address

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