AJ BellLSE:AJB Stock Report

Market Cap







21 Sep, 2021


Company Financials +
AJB fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance5/6
Financial Health6/6

AJB Overview

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

Share Price & News

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

Latest Share Price and Events

Stable Share Price: AJB is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AJB's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




GB Capital Markets


GB Market

1 Year Return




GB Capital Markets


GB Market

Return vs Industry: AJB underperformed the UK Capital Markets industry which returned 12.9% over the past year.

Return vs Market: AJB underperformed the UK Market which returned 22% over the past year.

Shareholder returns

7 Day-4.7%-1.3%-1.2%
30 Day-8.9%-1.6%-1.3%
90 Day-8.3%0.4%-0.5%
1 Year-6.5%-8.0%18.0%14.8%27.7%22.6%
3 Yearn/a39.9%25.4%15.2%2.3%
5 Yearn/a100.0%67.1%36.8%11.8%

Long-Term 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

AJ Bell Fundamentals Summary

How do AJ Bell's earnings and revenue compare to its market cap?
AJB fundamental statistics
Market CapUK£1.60b
Earnings (TTM)UK£46.69m
Revenue (TTM)UK£138.96m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AJB income statement (TTM)
Cost of RevenueUK£3.90m
Gross ProfitUK£135.06m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Dec 02, 2021

Earnings per share (EPS)0.11
Gross Margin97.19%
Net Profit Margin33.60%
Debt/Equity Ratio0%

How did AJB perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is AJ Bell undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: AJB (£3.92) is trading above our estimate of fair value (£2.46)

Significantly Below Fair Value: AJB is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: AJB is poor value based on its PE Ratio (34.3x) compared to the UK Capital Markets industry average (13.5x).

PE vs Market: AJB is poor value based on its PE Ratio (34.3x) compared to the UK market (23.3x).

Price to Earnings Growth Ratio

PEG Ratio: AJB is poor value based on its PEG Ratio (3.8x)

Price to Book Ratio

PB vs Industry: AJB is overvalued based on its PB Ratio (13.6x) compared to the GB Capital Markets industry average (1.8x).

Future Growth

How is AJ Bell forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AJB's forecast earnings growth (8.9% per year) is above the savings rate (0.9%).

Earnings vs Market: AJB's earnings (8.9% per year) are forecast to grow slower than the UK market (13.4% per year).

High Growth Earnings: AJB's earnings are forecast to grow, but not significantly.

Revenue vs Market: AJB's revenue (8.5% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: AJB's revenue (8.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AJB's Return on Equity is forecast to be high in 3 years time (34.6%)

Past Performance

How has AJ Bell performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AJB has high quality earnings.

Growing Profit Margin: AJB's current net profit margins (33.6%) are higher than last year (29.6%).

Past Earnings Growth Analysis

Earnings Trend: AJB's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: AJB's earnings growth over the past year (36.8%) exceeds its 5-year average (25.8% per year).

Earnings vs Industry: AJB earnings growth over the past year (36.8%) underperformed the Capital Markets industry 39.7%.

Return on Equity

High ROE: AJB's Return on Equity (39.6%) is considered high.

Financial Health

How is AJ Bell's financial position?

Financial Position Analysis

Short Term Liabilities: AJB's short term assets (£120.3M) exceed its short term liabilities (£15.8M).

Long Term Liabilities: AJB's short term assets (£120.3M) exceed its long term liabilities (£15.8M).

Debt to Equity History and Analysis

Debt Level: AJB is debt free.

Reducing Debt: AJB has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.

Debt Coverage: AJB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AJB has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AJB's dividend (1.57%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: AJB's dividend (1.57%) is low compared to the top 25% of dividend payers in the UK market (4%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AJB has been paying a dividend for less than 10 years.

Growing Dividend: AJB's dividend payments have increased, but the company has only paid a dividend for 2 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.4%), AJB's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: AJB's dividends in 3 years are forecast to be covered by earnings (73.9% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Andy Bell

no data




Mr. Andrew James Bell, also known as Andy, serves as Chief Executive Officer, Member of Management Board and Director of AJ Bell Plc. He serves as the Chief Executive Officer of AJ Bell Holdings Limited an...

CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD1.77M) is above average for companies of similar size in the UK market ($USD1.34M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: AJB's board of directors are considered experienced (3.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: AJB insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

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

Key Information

  • Name: AJ Bell plc
  • Ticker: AJB
  • Exchange: LSE
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: UK£1.603b
  • Shares outstanding: 409.25m
  • Website: https://www.ajbell.co.uk

Number of Employees


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



AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which provides a suite of products, services, investment solutions, and...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 22:37
End of Day Share Price2021/09/21 00:00
Annual Earnings2020/09/30

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.