We recently cut our fair value estimates for EML Payments and GQG Partners after we self-identified a valuation error in our treatment of share-based compensation. We've now reviewed our diversified financials coverage for the same issue and identified 10 affected companies.
A strong long-term record has established L1 Group as one of the best-known fund managers in Australia.
Key-person risk is high. The majority of L1 Group’s earnings come from a handful of funds, making it highly reliant on key investment personnel and the performance of its main funds.
|
Metric
|
L1G
|
PNI
|
PPT
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.82 | 17.03 | 10.11 |
Price/Book Value | 7.33 | 2.71 | 1.27 |
Price/Sales | 2.74 | 20.60 | 1.78 |
Price/Cash Flow | 6.77 | 8.72 | 7.24 |
|
Metric
|
L1G
|
PNI
|
PPT
|
|---|---|---|---|
Quick Ratio | — | — | 0.75 |
Current Ratio | — | — | 1.58 |
Interest Coverage | — | — | 1.31 |
|
Metric
|
L1G
|
PNI
|
PPT
|
|---|---|---|---|
Return on Assets (Normalized) | 21.93% | 14.69% | 5.56% |
Return on Equity (Normalized) | 32.67% | 17.63% | 11.64% |
Return on Invested Capital (Normalized) | — | — | 7.69% |
|
1-Day Chart
|
Name
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Price
|
Morningstar Rating for Stocks
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United States