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Phoenix Group Holdings plcLSE:PHNX Stock Report

Market Cap UK£6.7b
Share Price
UK£6.74
My Fair Value
UK£5.9
14.2% overvalued intrinsic discount
1Y34.5%
7D-0.7%
Portfolio Value
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Phoenix Group Holdings plc

LSE:PHNX Stock Report

Market Cap: UK£6.7b

Phoenix Group Holdings (PHNX) Stock Overview

Operates in the long-term savings and retirement business in Europe. More details

PHNX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends5/6

Rewards

Earnings are forecast to grow 106.04% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 8.12% is not well covered by earnings


PHNX Community Fair Values

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Phoenix Group Holdings

Rising Regulatory Burdens And Fintech Disruption Will Squeeze Margins

Key Takeaways Shifting consumer preferences and heightened digital competition threaten legacy product revenues and customer retention, challenging future growth across retail and retirement solutions. Regulatory changes, low interest rates, and diminishing acquisition opportunities are likely to raise costs, compress margins, and constrain long-term profitability.
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UK£5.9
FV
14.2% overvalued intrinsic discount
-30.45%
Revenue growth p.a.
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Phoenix Group Holdings

Digital Transformation Will Improve Customer Engagement And Efficiency

Key Takeaways Expansion in annuities and workplace pensions boosts revenue opportunities and operating margins, leveraging market growth in retirement solutions. Commitment to lower leverage ratio reduces financial risk and interests, potentially improving net margins and investor confidence.
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UK£6.95
FV
3.1% undervalued intrinsic discount
-25.93%
Revenue growth p.a.
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Phoenix Group Holdings

Digital Adoption And Pension Demand Will Transform European Markets

Key Takeaways Accelerating cost-saving, digital transformation, and strong asset in-housing are expected to unlock surplus capital and drive sustained profit and margin growth. Unique market reach, digital advice, and regulatory trends position Phoenix for dominant revenue, asset growth, and high-margin recurring income in retirement products.
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UK£8.7
FV
22.5% undervalued intrinsic discount
-29.11%
Revenue growth p.a.
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Phoenix Group Holdings plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Phoenix Group Holdings
Historical stock prices
Current Share PriceUK£6.74
52 Week HighUK£7.00
52 Week LowUK£4.75
Beta0.79
1 Month Change2.67%
3 Month Change0%
1 Year Change34.53%
3 Year Change22.32%
5 Year Change-5.73%
Change since IPO-14.68%

Recent News & Updates

Recent updates

User avatar

Integrating Heritage And Open Divisions And Targeting £250 Million In Cost Savings Will Improve Operational Efficiency

Integration of divisions aims to streamline operations, enhancing customer experience and net margins through cost reduction and efficiency.

Shareholder Returns

PHNXGB InsuranceGB Market
7D-0.7%0.4%0.6%
1Y34.5%41.5%17.6%

Return vs Industry: PHNX underperformed the UK Insurance industry which returned 41.5% over the past year.

Return vs Market: PHNX exceeded the UK Market which returned 17.6% over the past year.

Price Volatility

Is PHNX's price volatile compared to industry and market?
PHNX volatility
PHNX Average Weekly Movement3.7%
Insurance Industry Average Movement3.1%
Market Average Movement4.7%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: PHNX has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: PHNX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17826,980Andy Briggswww.thephoenixgroup.com

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. It operates through Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other segments. The company offers saving for retirement solutions that include defined contribution workplace pensions, retail savings for retirement, and legacy pensions and savings products; transitioning to retirement solutions, such as pension consolidation, fixed-term annuities, and smooth managed fund; and retirement income solutions, including income drawdown and lifetime annuities, defined benefit pension income, and home equity release.

Phoenix Group Holdings plc Fundamentals Summary

How do Phoenix Group Holdings's earnings and revenue compare to its market cap?
PHNX fundamental statistics
Market capUK£6.73b
Earnings (TTM)-UK£634.00m
Revenue (TTM)UK£17.51b
0.4x
P/S Ratio
-10.6x
P/E Ratio

Is PHNX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PHNX income statement (TTM)
RevenueUK£17.51b
Cost of RevenueUK£15.83b
Gross ProfitUK£1.67b
Other ExpensesUK£2.31b
Earnings-UK£634.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.63
Gross Margin9.56%
Net Profit Margin-3.62%
Debt/Equity Ratio190.5%

How did PHNX perform over the long term?

See historical performance and comparison

Dividends

8.1%
Current Dividend Yield
-86%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 06:52
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Phoenix Group Holdings plc is covered by 24 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew BroadfieldBarclays
Larissa Van DeventerBarclays
Larissa van DeventerBarclays