Coronation Fund Managers Limited — Cyborg Score 7/10
Solid
Asset Management
Strategic Profile
Coronation is an owner-managed, investment-led firm with a multi-decade track record of delivering alpha across global developed and emerging markets, with a fully-integrated global team guided by a single long-term, valuations-driven philosophy underpinned by deep proprietary research. In November 2024, shareholders approved a B-BBEE transaction that increased the company's effective black ownership to 52%, and the firm has maintained Level 1 B-BBEE contributor status since 2021.
Cyborg Score Rationale
The stock price has increased by +34.91% in the last 52 weeks, demonstrating strong market confidence. Return on equity (ROE) is 64.56%, indicating efficient capital deployment, though financial leverage metrics appear modest. The company benefits from a 30-year track record and diversified client base.
Top Insights
In the last 12 months, JSE:CML had revenue of ZAR 4.29 billion and earned 1.66 billion in profits, demonstrating consistent profitability in asset management operations
In November 2024, shareholders approved a B-BBEE transaction that increased black ownership to 52%, named the Exxaro BEE Deal of the Year by DealMakers in 2024—enhancing regulatory standing and local relevance
The firm provides services to pension and provident funds, medical schemes, unit trusts, banks, insurers and other fund managers, launching and managing equity, fixed income, and balanced mutual funds, offering diversified revenue streams
Trading at a trailing PE ratio of 9.22 and forward PE ratio of 8.44, with an EV/EBITDA ratio of 7.15—relatively attractive valuations for a regional asset manager
Named Competitors
Sanlam Investments — Major South African asset manager and insurance group