Jupiter Fund Management’s Market Cap Drops to UK£462M
October 13, 2022
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JUP Intrinsic Value – Jupiter Fund Management ($LSE:JUP) is a UK-based asset management company. This is largely due to a 10% decline in the stock price this year. Insiders who bought Jupiter Fund Management Plc stock earlier this year may be disappointed with the recent price decline.
However, the company is still a large and well-established asset manager with a strong track record. The recent decline may offer a good buying opportunity for long-term investors.
Stock Price
This is a 4.7% drop from the previous day’s close of £0.9, and it seems that the negative news coverage of Jupiter is starting to take its toll. Jupiter has been in the news recently for all the wrong reasons, and investors are starting to lose confidence in the company. Wednesday’s decline is just the latest example of this. If Jupiter doesn’t turn things around soon, its market cap could continue to decline, and that could have serious implications for the company.
VI Analysis – JUP Intrinsic Value Calculator
JUPITER FUND MANAGEMENT is an asset management company that provides services to retail and institutional investors. The company’s fundamentals reflect its long term potential. VI app makes it easy to analyse the company’s financials and valuation.
The fair value of JUPITER FUND MANAGEMENT shares is around £2.8, calculated by VI Line. This means that the stock is currently undervalued by 71%.
Summary
The firm has been hit by a number of high-profile departures in recent months, including the head of its UK equity team, Richard Buxton. And its flagship UK Growth fund has underperformed the market for three years in a row. The firm has been trying to turn things around by shaking up its management team and cutting costs. But it faces a challenging environment, with Brexit uncertainty and a global trade war weighing on investor sentiment.
Given all of this, it’s not surprising that Jupiter’s market cap has taken a hit. Investors should tread carefully when considering an investment in the firm.
