BST:3FY

Stock Analysis Report

Executive Summary

AJ Bell PLC, through its subsidiaries, operates retail investment platforms in the United Kingdom.

Snowflake

Fundamentals

Undervalued with solid track record.

Risks

  • AJ Bell is covered by less than 3 analysts.

Share Price & News

How has AJ Bell's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

BST:3FY

-0.04%

DE Capital Markets

-0.7%

DE Market


1 Year Return

n/a

BST:3FY

-9.6%

DE Capital Markets

-10.8%

DE Market

No trading data on 3FY.

No trading data on 3FY.


Share holder returns

3FYIndustryMarket
7 Day0%-0.04%-0.7%
30 Day0%-4.4%-3.9%
90 Day-0.5%-0.3%-4.3%
1 Yearn/a-7.5%-9.6%-8.0%-10.8%
3 Yearn/a7.0%-5.2%9.8%0.3%
5 Yearn/a-29.3%-40.3%24.0%6.8%

Price Volatility Vs. Market

How volatile is AJ Bell's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AJ Bell undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AJ Bell's share price is below the future cash flow value, and at a moderate discount (> 20%).

AJ Bell's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

AJ Bell is good value based on earnings compared to the DE Capital Markets industry average.

AJ Bell is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

AJ Bell is good value based on expected growth next year.


Price Based on Value of Assets

AJ Bell is overvalued based on assets compared to the DE Capital Markets industry average.


Next Steps

Future Growth

How is AJ Bell expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AJ Bell's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).

AJ Bell's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).

AJ Bell's revenue growth is expected to exceed the Germany market average.

AJ Bell's earnings growth is expected to exceed the Germany market average.

AJ Bell's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

AJ Bell is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


Next Steps

Past Performance

How has AJ Bell performed over the past 5 years?

8.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AJ Bell's year on year earnings growth rate has been positive over the past 5 years.

AJ Bell's 1-year earnings growth exceeds its 5-year average (28.9% vs 8.2%)

AJ Bell's earnings growth has exceeded the DE Capital Markets industry average in the past year (28.9% vs 20.3%).


Return on Equity

AJ Bell has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

AJ Bell used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if AJ Bell improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is AJ Bell's financial position?


Financial Position Analysis

AJ Bell is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AJ Bell's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AJ Bell's level of debt (1.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.3% vs 1.1% today).

Debt is well covered by operating cash flow (3946.4%, greater than 20% of total debt).

Unable to confirm if the interest payments on AJ Bell's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 95.4x debt.


Next Steps

Dividend

What is AJ Bell's current dividend yield, its reliability and sustainability?

2.31%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate AJ Bell's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate AJ Bell's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as AJ Bell has not reported any payouts.

Unable to verify if AJ Bell's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as AJ Bell has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of AJ Bell's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average board tenure


CEO

Andy Bell 0

0.0yrs

Tenure

0

Mr. Andrew James Bell, also known as Andy, serves as the Chief Executive Officer of AJ Bell Holdings Limited and Bell Potter Securities Ltd. (formerly Bell Securities Limited). He serves as Member of the M ...


Board Age and Tenure

5.2yrs

Average Tenure

60.5yo

Average Age

The tenure for the AJ Bell board of directors is about average.


Insider Trading

AJ Bell insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUK£29,48519 Jun 19
Christopher Robinson
EntityIndividual
Role
Member of Management Board
Group Legal Services Director
Shares6,980
Max PriceUK£4.22
BuyUK£29,48519 Jun 19
Christopher Robinson
EntityIndividual
Role
Member of Management Board
Group Legal Services Director
Shares6,980
Max PriceUK£4.22
SellUK£226,65111 Jun 19
Roger Stott
EntityIndividual
Role
Member of Management Board
Group Finance Director & Member of the Management Board
Shares49,918
Max PriceUK£4.54
SellUK£171,79804 Jun 19
Roger Stott
EntityIndividual
Role
Member of Management Board
Group Finance Director & Member of the Management Board
Shares37,500
Max PriceUK£4.58
SellUK£43,19421 Mar 19
Simon Turner
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares12,279
Max PriceUK£3.52

Ownership Breakdown


Management Team

  • Andy Bell

    CEO, Member of the Management Board & Director

    • Tenure: 0.0yrs
  • Kevin Doran

    Chief Investment Officer

    • Tenure: 0.0yrs
  • Fergus Lyons

    Member of the Management Board & MD of AJ Bell Investcentre

    • Tenure: 0.0yrs
  • Richard Taylor

    Chief Operating Officer

    • Tenure: 0.0yrs
  • Charles Galbraith

    Member of the Management Board & MD of AJ Bell Youinvest

    • Tenure: 0.0yrs
  • Michael Summersgill

    CFO, Member of the Management Board & Director

    • Tenure: 7.8yrs
  • Roger Stott

    Group Finance Director & Member of the Management Board

    • Tenure: 0.0yrs
  • Robin Larby

    Technical Resources Director

    • Tenure: 0.0yrs
  • Christopher Robinson

    Group Legal Services Director

    • Tenure: 0.0yrs
  • Louis Petherick

    Chief Risk Officer & Member of the Management Board

    • Tenure: 0.0yrs

Board Members

  • Eamonn Flanagan (54yo)

    Independent Non-Executive Director

    • Tenure: 1.0yrs
  • Simon Turner (67yo)

    Non-Executive Director

    • Tenure: 0.0yrs
  • Andy Bell

    CEO, Member of the Management Board & Director

    • Tenure: 0.0yrs
  • Les Platts (64yo)

    Chairman of the Board

    • Tenure: 5.2yrs
  • Michael Summersgill

    CFO, Member of the Management Board & Director

    • Tenure: 7.8yrs
  • Laura Carstensen (57yo)

    Senior Independent Director

    • Tenure: 0.0yrs

Company Information

AJ Bell PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AJ Bell PLC
  • Ticker: 3FY
  • Exchange: BST
  • Founded: 1995
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£1.233b
  • Listing Market Cap: UK£1.444b
  • Shares outstanding: 407.26m
  • Website: https://www.ajbell.co.uk

Number of Employees


Location

  • AJ Bell PLC
  • 4 Exchange Quay
  • Salford Quays
  • Manchester
  • Greater Manchester
  • M5 3EE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AJBLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2018
AJBLSE (London Stock Exchange)ORD GBP0.000125 (WI)GBGBPDec 2018
3FYBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2018
AJBLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPDec 2018

Biography

AJ Bell PLC, through its subsidiaries, operates retail investment platforms in the United Kingdom. Its platforms offer investment administration, dealing, and custody services to regulated financial advise ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/26 22:21
End of Day Share Price2018/12/27 00:00
Earnings2018/09/30
Annual Earnings2018/09/30


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 here.