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Quilter PLC (QLT) Fair Value & Analysis

Financial Services · GB · Market cap 2.8B GBX · ISIN GB00BNHSJN34

What is Quilter PLC really worth?

QP Quilter PLC QLT · LSE
Price£1.87
Fair Value£1.15
Upside−38.4%
Quality62/100

A solid business, but trading 62% above our fair value of £1.15.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +22.0 %/yr)
!Thin margins · 1.3% net margin
!Mixed vs. peers (6/15)
!Narrow moat 33/100

For context

·3.37% dividend yield
Evidence: High Range £0.8900 – £1.44

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from £1.51 to £1.15 (−23.8%) since Jul 16, 2026. Share price −7.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (£1.44). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

£2.08 £0.6230 Fair Value £1.15 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range £0.6230 – £2.08 · fair‑value band £0.8900 – £1.44 · the £1.87 price screens above the £1.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Quilter PLC (QLT) currently trades at £1.87, while our model-based Fair Value estimate is £1.15, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of £3.11 per share, and 6 of the 12 models we run sit above the £1.87 price. Bear case: the Asset-Based group reads lowest at £0.7300, and 6 of the 12 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Quilter PLC generated revenue of £9.4B at a net margin of 1.3%. Revenue grew 229.5% year over year. It earns a return on equity of 8.3%. The balance sheet holds a net cash position of £1.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from £0.8900 (bear case) to £1.44 (bull case); at £1.87, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −38%, QLT screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly £0.0183 per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income £0.9000 £0.9700 £1.07 74
Growth DCF £69.54 £131.06 £230.17 73
Owner Earnings £3.00 £4.90 £8.74 71
All 12 models by family
DCF Models
Owner Earnings £3.00 £4.90 £8.74 71
5Y P/E Exit £22.81 £31.39 £40.05 70
10Y P/E Exit £38.56 £56.83 £79.89 62
Earnings-Based
Graham-Dodd £0.6000 £4.21 £5.91 61
Lynch FV £2.17 £3.11 £4.04 59
Dividend Discount
Gordon GGM £0.5500 £1.09 £1.65 64
DDM Multi-Stage £0.5500 £0.9400 £1.15 65
Multiples
P/E Multiple £0.8700 £1.15 £1.44 63
P/B Multiple £1.13 £1.51 £1.89 55
Asset-Based
NCAV (Graham) £0.5400 £0.7300 £1.08 54
Growth DCF
Growth DCF £69.54 £131.06 £230.17 73
Economic Profit
Residual Income £0.9000 £0.9700 £1.07 74

Widest divergence: Growth DCF (£131.06) versus Asset-Based (£0.7300). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 20.8
P/S ratio 0.27 P/E × margin
EPS (TTM) £0.0900 price ÷ EPS = P/E 20.8
Dividend yield 3.4% payout 70.0%
Net margin 1.3% FY2025
Return on equity 8.3% TTM
More key figures
Profitability
Return on assets (EBIT) 0.4% avg 5y
Operating margin 3.2% TTM
Growth
Revenue (TTM) £9.4B TTM
Revenue growth (YoY) +230%
EPS growth (YoY) +267%
Balance sheet & cash flow
Free cash flow 6.2B GBX FY2025
Net cash 1.9B GBX FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 55 · Market factors (momentum, volatility) 62

Profitability 20
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments.

Full company description

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients. Its Affluent segment comprises Quilter Investment Platform, an investment platform for advice-based wealth management products and services; Quilter Investor, which offers investment solutions in the form of funds for the group and third-party clients; and Quilter Financial planning, a restricted and independent financial adviser network that provides mortgage and financial planning advice, and solution for individuals and business through a network of intermediaries. The company was incorporated in 2007 and is based in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Quilter PLC reported revenue of £9.4B in FY2025 versus £4.7B in FY2021, a compound +18.9%/yr. Reported net income was £120M in FY2025, compounding −6.0%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£9.4B
Latest YoY
+72.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.0%
Avg. revenue growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+38.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.9% (8.5 + 3.4)
Revenue +18.9%/yr
FY21 £4.7B
FY22 −£4.0B
FY23 £4.6B
FY24 £5.4B
FY25 £9.4B
Net income −6.0%/yr
FY21 £154M
FY22 £175M
FY23 £42.0M
FY24 −£34.0M
FY25 £120M

QLT screens 62% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "Quilter PLC Fair Value". https://www.fairvalue-calculator.com/stock/QLT

Peer Group

Asset Management · 697 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Below median
Fair Value upside −38% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 230% · Top 25%
Dividend yield (TTM) 3.4% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 20.8× · Pricier than median
P/B 2.58× · Pricier than 75% of peers
P/S (TTM) 0.40× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 5.1× · Cheaper than median
PEG 1.23× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 40
FUTURE100 · sector 14
PAST33 · sector 24
HEALTH93 · sector 95
DIVIDEND67 · sector 81

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Quilter PLC (QLT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of £1.15 versus a price of £1.87, about −38% upside (overvalued).
What is the fair value of QLT?
Our model-based fair value for Quilter PLC is £1.15 (as of Aug 13, 2026), built from audited fundamentals. The current price: £1.87.
What is the quality score of QLT?
Quilter PLC has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Quilter PLC (QLT)?
Quilter PLC reported trailing-twelve-month revenue of about £9.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of QLT?
The net profit margin of Quilter PLC is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Quilter PLC pay a dividend?
Quilter PLC currently shows a dividend yield of about 3.37% relative to its recent price (as of Aug 13, 2026).
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