Standard Life plc (SDLF) Fair Value & Analysis

Financial Services · GB · Market cap 8.8B GBX

A solid business, but screening 14% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (£7.57). The favourable scenario is already priced in.
• Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
• The models converge in a tight band (£7.41 to £7.57), unusually little disagreement for a valuation.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range £3.26 – £8.69 · fair‑value band £7.41 – £7.57 · the £8.69 price screens above the £7.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Standard Life plc (SDLF) currently trades at £8.69, while our model-based Fair Value estimate is £7.49, implying the stock looks roughly 13.8% overvalued today. We read business quality at 55/100 (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: low).

Over the trailing twelve months, Standard Life plc generated revenue of £29.0B at a net margin of -1.5%. Revenue grew 127.9% year over year. It earns a return on equity of -22.3%. The balance sheet holds a net cash position of £7.2B. Fundamentals as of Jul 12, 2026

Our scenario range runs from £7.41 (bear case) to £7.57 (bull case); at £8.69, 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 1% fair-value upside, at -14%, SDLF 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.

Widest divergence: Multiples (£4.58) versus Asset-Based (£0.4900). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Standard Life plc operates in the long-term savings and retirement business in Europe. It operates through Retirement Solutions, Pensions & Savings, With-Profits, and Europe & Other segments.

Full company description

Standard Life plc operates in the long-term savings and retirement business in Europe. It operates through Retirement Solutions, Pensions & Savings, With-Profits, and Europe & Other segments. The company offers defined contribution workplace pensions, retail savings for retirement, international bonds, and legacy savings and pension products; defined benefit pension income, income drawdown and lifetime annuities, fixed-term annuities, and smoothed managed funds. It also offers new and in-force individual annuity and pension risk transfer contracts written within shareholder funds; U.K. individual annuity; workplace pensions and self-invested personal pensions; new and in-force insurance and investment unit-linked products; and protection products. The company offers its products under the Standard Life, SunLife, Phoenix Life, Phoenix Wealth, Phoenix Corporate Investment Services, and ReAssure brands. Standard Life plc was formerly known as Phoenix Group Holdings plc and changed its name to Standard Life plc in February 2026. The company was founded in 1782 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

Standard Life plc reported revenue of £31.8B in FY2025 versus £10.3B in FY2021, a compound +32.5%/yr. Reported net income was −£443M in FY2025.

SDLF screens 14% overvalued. Compare with China Life Insurance Company →

Peer Group

Insurance - Life · 96 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.

Valuation Multiples vs Insurance - Life median · lower = cheaper

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.

Values & ESG

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

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

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Frequently asked questions

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.