Is this growth in FUM sufficient to offset the multiple the market is prepared to pay for funds managers.
GQG listed at a PE of 16-18 times.
It seems that in 2022, the market is fearful of paying such high PE multiples for funds managers.
GQG better hit all their IPO forecasts and then some, otherwise they are at risk of the share price declining, only because the historic multiple paid (ie PE ratio) is no longer accepted by the market.
So far from time of listing FUM has not grown that much compared to its historical FUM growth profile.
Also remember GQG dividends are not franked, so will be less useful to Australian share holders (and GQG listed in Australia)
Ann: FUM as at 31 January 2022, page-6
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Last
$2.73 |
Change
-0.010(0.36%) |
Mkt cap ! $8.062B | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.74 | $2.69 | $3.667M | 1.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10540 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 1023 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| GQG (ASX) Chart |