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Quilter plc (QLT) Fair Value & Analysis

Financial Services · GB · Market cap 2.8B GBX

QP Quilter plc QLT · LSE
Price£2.07
Fair Value£1.51
Upside-27.0%
Quality62/100
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Mixed Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
3.06% dividend yield
Mixed vs. peers (6/15)
Narrow moat 33/100
Evidence: High Range £1.13 – £1.89 Share as image

Fair value as of: Jul 16, 2026

From 12 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £1.49 to £1.51 (+1.3%) since Jun 26, 2026. Share price −0.5% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£1.89). 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.
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Price vs Fair Value (5 years)

£2.15 £0.6442 Fair Value £1.51 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.6442 – £2.15 · fair‑value band £1.13 – £1.89 · the £2.07 price screens above the £1.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Quilter plc (QLT) currently trades at £2.07, while our model-based Fair Value estimate is £1.51, implying the stock looks roughly 27.0% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: 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 Jul 16, 2026

Our scenario range runs from £1.13 (bear case) to £1.89 (bull case); at £2.07, 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 -12% fair-value upside, at -27%, QLT screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF £69.54 £131.06 £230.17 80
Residual Income £0.9000 £0.9700 £1.07 76
Gordon GGM £0.5500 £1.09 £1.65 70
All 12 models by family
DCF Models
Owner Earnings £3.00 £4.90 £8.74 31
5Y P/E Exit £22.81 £31.39 £40.05 38
10Y P/E Exit £38.56 £56.83 £79.89 35
Earnings-Based
Graham-Dodd £0.6000 £4.21 £5.91 54
Lynch FV £2.17 £3.11 £4.04 50
Dividend Discount
Gordon GGM £0.5500 £1.09 £1.65 70
DDM Multi-Stage £0.5500 £0.9400 £1.15 61
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 50
Growth DCF
Growth DCF £69.54 £131.06 £230.17 80
Economic Profit
Residual Income £0.9000 £0.9700 £1.07 76

Widest divergence: Growth DCF (£131.06) versus Asset-Based (£0.7300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.4B GBX
Revenue growth (YoY) +230%
Net margin 1.3%
Return on equity 8.3%
Free cash flow 6.2B GBX FY2025
P/E ratio 21.4
More key figures
Operating margin 3.2%
EPS (TTM) £0.0900
Dividend yield 3.3%
EPS growth (YoY) +267%
Net cash 1.9B GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 55 · Market factors (momentum, volatility) 67

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 75
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 74
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.

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. growth/yr (5Y)
+22.0%
Avg. growth/yr (12Y)
+38.9%
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 27% overvalued. Compare with Fondul Proprietatea SA →

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

Peer Group

Asset Management · 973 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 −27% · Below median
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) 3.1% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 23.0× · Pricier than 75% of peers
P/B 2.57× · 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 5.0× · Cheaper than 75% of peers
PEG 1.23× · Cheaper 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 0 · sector 37
FUTURE 100 · sector 6
PAST 33 · sector 26
HEALTH 93 · sector 95
DIVIDEND 61 · sector 69

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

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Quilter plc (QLT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £1.51 versus a price of £2.07, about −27% (overvalued).
What is the fair value of QLT?
Our model-based fair value for Quilter plc is £1.51 (as of Jul 16, 2026), built from audited fundamentals. The current price is £2.07.
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 Jul 16, 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 3.29% relative to its recent price (as of Jul 16, 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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