Liontrust Asset Management Past Earnings Performance
Past criteria checks 2/6
Liontrust Asset Management's earnings have been declining at an average annual rate of -22.4%, while the Capital Markets industry saw earnings declining at 5.9% annually. Revenues have been declining at an average rate of 1.8% per year. Liontrust Asset Management's return on equity is 11.3%, and it has net margins of 8.3%.
Key information
-22.35%
Earnings growth rate
-23.80%
EPS growth rate
| Capital Markets Industry Growth | 16.33% |
| Revenue growth rate | -1.77% |
| Return on equity | 11.31% |
| Net Margin | 8.33% |
| Next Earnings Update | 24 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 12
LIO: Higher Future P/E Assumptions Will Support Share Price Recovery
Analysts have nudged their Liontrust Asset Management price target higher to £3.67 from £3.60. This reflects updated assumptions that include a slightly higher discount rate, softer revenue growth and profit margin expectations, and a higher future P/E multiple.
Narrative Update • May 29
LIO: Higher Future Margins Will Support Upside Despite Softer Revenue Outlook
Analysts have modestly adjusted their price target for Liontrust Asset Management, reflecting updated assumptions around discount rates, revenue growth, profit margin and future P/E. Together, these changes point to a refined view of the stock's long term earnings power and risk profile.
Narrative Update • May 01
LIO: Lower Future P E Multiple Will Sustain Share Overvaluation
Analysts have trimmed their fair value estimate for Liontrust Asset Management from £2.00 to £1.85, citing updated assumptions that include less steep projected revenue declines, higher expected profit margins, and a lower implied future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from £2.00 to £1.85.Narrative Update • Apr 15
LIO: Future Margin Stability Will Support Upside As Revenue Expectations Improve
Analysts have adjusted their price target for Liontrust Asset Management to £5.50. The change reflects updated views on revenue growth forecasts, profit margin expectations, discount rate assumptions and a revised future P/E of 16.84x.Narrative Update • Mar 31
LIO: Higher Margin Outlook And Lower P/E Will Support Share Price Recovery
Analysts have nudged their fair value estimate for Liontrust Asset Management up from £3.48 to £3.60, citing slightly softer assumed revenue declines, a modestly higher profit margin, and a lower future P/E multiple in their updated models. Valuation Changes Fair Value: Raised slightly from £3.48 to £3.60 per share.Narrative Update • Mar 17
LIO: Softer Revenue Outlook Will Still Support Margins And Potential Upside
Analysts have trimmed their price target for Liontrust Asset Management from £5.50 to £5.30, citing slightly higher required returns as well as softer revenue and margin assumptions, while keeping future P/E expectations broadly in line. Valuation Changes Fair Value: unchanged at £5.50, indicating no adjustment to the central value estimate.Narrative Update • Mar 03
LIO: Weaker Revenue Outlook And Rich P/E Will Sustain Overvaluation
Analysts have raised their fair value estimate for Liontrust Asset Management from £1.75 to £2.00, citing updated assumptions for discount rates, revenue trends, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: Raised from £1.75 to £2.00, a modest uplift in the central estimate of intrinsic value.Narrative Update • Feb 17
LIO: Future Share Buybacks And Dividend Cut Will Sustain Overvaluation
Analysts have cut their price target on Liontrust Asset Management from £2.90 to £1.75, reflecting updated assumptions for revenue trends, a higher discount rate, significantly stronger projected profit margins, and a lower future P/E multiple. What's in the News Liontrust Asset Management has commenced share repurchases on 27 November 2025 under an AGM mandate that authorizes the company to buy back up to 6,376,461 shares, equal to 10% of its issued share capital, with repurchased shares to be held in treasury (Key Developments).Narrative Update • Feb 03
LIO: Share Buybacks And Dividend Reset Will Support Future Share Price Rebound
Analysts have trimmed their price target on Liontrust Asset Management to £3.48 from £3.84, citing updated assumptions that reflect slightly softer revenue expectations, a modestly lower profit margin outlook, and a small adjustment to the discount rate and future P/E multiple. What's in the News Liontrust Asset Management commenced a share repurchase program on 27 November 2025, authorized to buy back up to 6,376,461 shares, or 10% of issued share capital, with repurchased shares to be held in treasury (Buyback Transaction Announcements).Narrative Update • Jan 20
LIO: Share Buybacks Will Support Margins And Potential Upside
Analysts have adjusted their price target on Liontrust Asset Management to £5.50 from £5.50, citing updated assumptions for discount rate, revenue contraction and profit margin, along with a slightly lower future P/E multiple as key drivers of the unchanged headline figure. What's in the News Liontrust Asset Management plans to commence share repurchases on November 27, 2025, under an existing shareholder mandate that runs until December 18, 2026, or the next AGM, whichever comes first (Key Developments).Narrative Update • Jan 06
LIO: Share Buybacks And Dividend Reset Will Support Future Share Price Rebound
Analysts have nudged their price target on Liontrust Asset Management slightly higher to reflect a modestly lower discount rate and a marginally reduced assumed future P/E multiple, while keeping fair value broadly unchanged in currency terms. What's in the News Liontrust Asset Management PLC commenced share repurchases on 27 November 2025 under a shareholder mandated program, allowing the company to buy back up to 6,376,461 shares (equal to 10% of its issued share capital), with repurchased shares to be held in treasury (Key Developments).Narrative Update • Dec 19
LIO: Share Buybacks And Margin Improvements Are Expected To Drive Upside
Analysts have trimmed their price target on Liontrust Asset Management by roughly 10 percent to reflect a slightly higher perceived risk and more modest long term revenue outlook, partly offset by expectations of improved profit margins and a marginally lower future earnings multiple. What's in the News Liontrust Asset Management has commenced a share repurchase programme from November 27, 2025, allowing buybacks of up to 6,376,461 shares, or 10% of its issued share capital, with repurchased shares to be held in treasury (Key Developments).Narrative Update • Dec 04
LIO: Rising Margins And Buybacks Are Expected To Drive Share Price Rebound
Analysts have nudged their price target for Liontrust Asset Management slightly lower, reflecting a modest trim to fair value assumptions to approximately £3.84 per share, despite improved revenue contraction expectations and a marginally stronger profit margin outlook. What's in the News Liontrust Asset Management has commenced a share repurchase programme approved at the September 18, 2025 AGM, allowing buybacks of up to 6,376,461 shares, or 10% of issued share capital, with repurchased shares to be held in treasury (company announcement).Narrative Update • Nov 20
LIO: Rising Profit Margins Are Expected To Drive Share Price Rebound
Analysts have lowered their price target for Liontrust Asset Management from £4.38 to £3.89. This change reflects shifts in growth expectations and updated assumptions regarding profitability and discount rates.
New Narrative • Jan 27
Technology Investments And Product Diversification Will Attract New Clients
Diversification and enhanced capabilities aim to boost revenue through new client attraction and improved asset inflow.Analysis Article • Oct 06
Does Liontrust Asset Management (LON:LIO) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 01
Does Liontrust Asset Management (LON:LIO) Deserve A Spot On Your Watchlist?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Analysis Article • Jan 30
Does Liontrust Asset Management (LON:LIO) Deserve A Spot On Your Watchlist?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Liontrust Asset Management makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 152 | 13 | 114 | 0 |
| 30 Jun 25 | 161 | 15 | 119 | 0 |
| 31 Mar 25 | 170 | 17 | 124 | 0 |
| 31 Dec 24 | 175 | 16 | 125 | 0 |
| 30 Sep 24 | 180 | 15 | 127 | 0 |
| 30 Jun 24 | 189 | 6 | 131 | 0 |
| 31 Mar 24 | 198 | -3 | 135 | 0 |
| 31 Dec 23 | 214 | 7 | 141 | 0 |
| 30 Sep 23 | 231 | 17 | 148 | 0 |
| 30 Jun 23 | 237 | 28 | 148 | 0 |
| 31 Mar 23 | 243 | 39 | 148 | 0 |
| 31 Dec 22 | 245 | 43 | 143 | 0 |
| 30 Sep 22 | 247 | 46 | 138 | 0 |
| 30 Jun 22 | 247 | 52 | 138 | 0 |
| 31 Mar 22 | 246 | 59 | 139 | 0 |
| 31 Dec 21 | 233 | 54 | 135 | 0 |
| 30 Sep 21 | 221 | 49 | 131 | 0 |
| 30 Jun 21 | 198 | 38 | 122 | 0 |
| 31 Mar 21 | 175 | 28 | 113 | 0 |
| 31 Dec 20 | 152 | 19 | 103 | 0 |
| 30 Sep 20 | 129 | 11 | 92 | 0 |
| 30 Jun 20 | 121 | 12 | 83 | 0 |
| 31 Mar 20 | 113 | 13 | 74 | 0 |
| 31 Dec 19 | 109 | 17 | 68 | 0 |
| 30 Sep 19 | 104 | 22 | 63 | 0 |
| 30 Jun 19 | 101 | 21 | 61 | 0 |
| 31 Mar 19 | 98 | 20 | 59 | 0 |
| 31 Dec 18 | 98 | 16 | 59 | 0 |
| 30 Sep 18 | 98 | 12 | 59 | 0 |
| 30 Jun 18 | 92 | 11 | 57 | 0 |
| 31 Mar 18 | 86 | 9 | 54 | 0 |
| 31 Dec 17 | 75 | 8 | 51 | 0 |
| 30 Sep 17 | 64 | 7 | 47 | 0 |
| 30 Jun 17 | 58 | 7 | 42 | 0 |
| 31 Mar 17 | 52 | 7 | 38 | 0 |
| 31 Dec 16 | 50 | 6 | 37 | 0 |
| 30 Sep 16 | 48 | 6 | 36 | 0 |
| 30 Jun 16 | 47 | 7 | 34 | 0 |
| 31 Mar 16 | 45 | 7 | 31 | 0 |
| 31 Dec 15 | 42 | 7 | 29 | 0 |
| 30 Sep 15 | 40 | 6 | 27 | 0 |
| 30 Jun 15 | 38 | 6 | 26 | 0 |
Quality Earnings: LIO has high quality earnings.
Growing Profit Margin: LIO's current net profit margins (8.3%) are higher than last year (8.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LIO's earnings have declined by 22.4% per year over the past 5 years.
Accelerating Growth: LIO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LIO had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Capital Markets industry average (11.4%).
Return on Equity
High ROE: LIO's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/16 20:24 |
| End of Day Share Price | 2026/06/16 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Liontrust Asset Management PLC is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Bowers | Berenberg |
| Robert Chantry | Berenberg |
| Jonathan Richards | Berenberg |