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Jarvis Securities plc (JIM) Fair Value & Analysis

Financial Services · GB · Market cap 3.8M GBX

JS Jarvis Securities plc JIM · LSE
Price£0.0850
Fair Value£0.1573
Upside+85.1%
Quality64/100
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Mixed Growth
Thin margins · 0.0% net margin
generates free cash flow
0.53% dividend yield
Mixed vs. peers (6/11)
Moderate moat 61/100
Evidence: High Range £0.1216 – £0.2006 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 22 days ago

Share price −5.9% over the past month.

A solid business, screening 85% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.1216). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£2.67 £0.0717 Fair Value £0.1573 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £0.0717 – £2.67 · fair‑value band £0.1216 – £0.2006 · the £0.0850 price screens below the £0.1573 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Jarvis Securities plc (JIM) currently trades at £0.0850, while our model-based Fair Value estimate is £0.1573, implying the stock looks roughly 85.1% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Revenue declined 74.6% year over year. It earns a return on equity of 58.4%. The balance sheet holds a net cash position of £7.0M. The stock trades on a trailing P/E of 1.2. Fundamentals as of Jul 19, 2026

Our scenario range runs from £0.1216 (bear case) to £0.2006 (bull case); at £0.0850, the current price sits below 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 11% fair-value upside, at 85%, JIM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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 £0.4500 £0.6100 £4.09 76
Growth DCF £0.9200 £1.17 £1.47 72
Gordon GGM £0.3700 £0.6100 £0.7900 70
All 12 models by family
DCF Models
5Y P/E Exit £0.9000 £1.30 £1.71 38
10Y P/E Exit £0.9000 £1.21 £1.58 35
Earnings-Based
Graham-Dodd £0.5800 £1.82 £2.41 54
Lynch FV £0.4000 £0.5600 £0.7300 50
Dividend Discount
Gordon GGM £0.3700 £0.6100 £0.7900 70
DDM Multi-Stage £0.3700 £0.5500 £0.6600 61
Multiples
P/E Multiple £0.8300 £1.11 £1.39 63
P/B Multiple £0.1500 £0.2000 £0.2600 55
Asset-Based
NCAV (Graham) £0.0700 £0.1000 £0.1500 50
Growth DCF
Growth DCF £0.9200 £1.17 £1.47 72
Rev-Margin DCF £0.7000 £0.9300 £1.21 67
Economic Profit
Residual Income £0.4500 £0.6100 £4.09 76

Widest divergence: DCF Models (£1.21) versus Asset-Based (£0.1000). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) −4.7M GBX
Revenue growth (YoY) -74.6%
Return on equity 58.4%
Free cash flow 4.1M GBX FY2024
P/E ratio 0.9
Operating margin -182%
More key figures
EPS (TTM) £0.0900
Dividend yield 0.5%
EPS growth (YoY) -30.3%
Net cash 7.0M GBX FY2024

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 30

Profitability 80
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 81
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.

About the company

Jarvis Securities plc, through its subsidiary, Jarvis Investment Management Limited, provides stock broking services to retail and institutional clients in the United Kingdom. The company offers retail execution-only stockbroking services; ISA investment wrappers and savings schemes; and nominee, certificated, and SIPP accounts.

Full company description

Jarvis Securities plc, through its subsidiary, Jarvis Investment Management Limited, provides stock broking services to retail and institutional clients in the United Kingdom. The company offers retail execution-only stockbroking services; ISA investment wrappers and savings schemes; and nominee, certificated, and SIPP accounts. It also provides financial administration, settlement, and safe custody services to other stockbrokers and investment firms. In addition, the company offers Model B clearing and settlement services. The company was founded in 1984 and is headquartered in Royal Tunbridge Wells, the United Kingdom.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Jarvis Securities plc reported revenue of £12.7M in FY2024 versus £13.3M in FY2020, a compound −1.2%/yr. Reported net income was £3.8M in FY2024, compounding −8.9%/yr from FY2020.

Growth Quality 51/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
£12.7M
Latest YoY
−3.0%
Avg. growth/yr (3Y) 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.
−3.9%
Avg. 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.
+3.8%
Avg. growth/yr (21Y) 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.
+8.7%
Revenue −1.2%/yr
FY20 £13.3M
FY21 £14.3M
FY22 £12.6M
FY23 £13.1M
FY24 £12.7M
Net income −8.9%/yr
FY20 £5.6M
FY21 £6.2M
FY22 £5.0M
FY23 £4.0M
FY24 £3.8M
Character of growth · EPS growth decomposed (2013-2024) +5.9 % p.a.
Revenue per share +6.2 pp

of which total revenue +6.3 pp · buybacks/dilution −0.1 pp

EBIT margin +0.8 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Jarvis Securities plc Fair Value". https://www.fairvalue-calculator.com/stock/JIM

Peer Group

Capital Markets · 423 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 64 · Top 25%
Fair Value upside +88% · Top 25%
Return on equity (TTM) 58% · Top 25%
Return on assets 33% · Top 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) -182% · Bottom 25%
Revenue growth -75% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 0.9× · Cheaper than 75% of peers
P/B 0.79× · Cheaper than median
P/FCF 1.3× · Pricier than median

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.

VALUE 100 · sector 9
FUTURE 0 · sector 96
PAST 100 · sector 30
HEALTH 0 · sector 93
DIVIDEND 11 · sector 36

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is Jarvis Securities plc (JIM) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £0.1573 versus a price of £0.0850, about +85% (undervalued).
What is the fair value of JIM?
Our model-based fair value for Jarvis Securities plc is £0.1573 (as of Jul 19, 2026), built from audited fundamentals. The current price is £0.0850.
What is the quality score of JIM?
Jarvis Securities plc has a Quality Score of 64/100. 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 net profit margin of JIM?
The net profit margin of Jarvis Securities plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Jarvis Securities plc pay a dividend?
Jarvis Securities plc currently shows a dividend yield of about 0.49% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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