Jupiter Fund Management Plc

LSE:JUP Stock Report

Market Cap: UK£414.5m

Jupiter Fund Management Valuation

Is JUP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JUP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JUP (£0.81) is trading below our estimate of fair value (£1.26)

Significantly Below Fair Value: JUP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JUP?

Key metric: As JUP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JUP. This is calculated by dividing JUP's market cap by their current revenue.
What is JUP's PS Ratio?
PS Ratio1.1x
SalesUK£361.50m
Market CapUK£414.46m

Price to Sales Ratio vs Peers

How does JUP's PS Ratio compare to its peers?

The above table shows the PS ratio for JUP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.6x
ORIT Octopus Renewables Infrastructure Trust
16.2xn/aUK£409.5m
POLR Polar Capital Holdings
2.6x3.5%UK£514.7m
BOOK Literacy Capital
9.4xn/aUK£274.3m
CGEO Georgia Capital
2.3xn/aUK£406.9m
JUP Jupiter Fund Management
1.1x-1.3%UK£414.5m

Price-To-Sales vs Peers: JUP is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (7.6x).

Price to Sales Ratio vs Industry

How does JUP's PS Ratio compare vs other companies in the GB Capital Markets Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
STJ St. James's Place
0.2x-98.6%US$5.59b
QLT Quilter
0.3x-83.1%US$2.44b
RIV River and Mercantile Group
0.6x-49.0%US$50.18m
CAV Cavendish Financial
0.6xn/aUS$48.40m
JUP 1.1xIndustry Avg. 3.0xNo. of Companies17PS03.26.49.612.816+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JUP is good value based on its Price-To-Sales Ratio (1.1x) compared to the UK Capital Markets industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is JUP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JUP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: JUP is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JUP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.81
UK£0.88
+9.0%
8.6%UK£1.00UK£0.77n/a11
Nov ’25UK£0.80
UK£0.88
+10.2%
8.6%UK£1.00UK£0.77n/a11
Oct ’25UK£0.86
UK£0.88
+1.5%
9.8%UK£1.00UK£0.73n/a10
Sep ’25UK£0.85
UK£0.88
+2.8%
9.8%UK£1.00UK£0.73n/a10
Aug ’25UK£0.86
UK£0.87
+1.0%
10.3%UK£1.00UK£0.75n/a10
Jul ’25UK£0.78
UK£0.85
+9.4%
8.2%UK£1.00UK£0.76n/a10
Jun ’25UK£0.84
UK£0.86
+2.7%
8.1%UK£1.00UK£0.76n/a12
May ’25UK£0.78
UK£0.87
+11.3%
8.8%UK£1.00UK£0.75n/a12
Apr ’25UK£0.89
UK£0.89
+0.2%
9.9%UK£1.05UK£0.72n/a12
Mar ’25UK£0.85
UK£0.88
+3.6%
12.6%UK£1.05UK£0.60n/a12
Feb ’25UK£0.79
UK£0.81
+2.7%
11.6%UK£1.00UK£0.60n/a12
Jan ’25UK£0.93
UK£0.89
-5.1%
16.5%UK£1.20UK£0.70n/a12
Dec ’24UK£0.83
UK£0.89
+6.6%
16.5%UK£1.20UK£0.70n/a12
Nov ’24UK£0.80
UK£1.03
+29.0%
31.7%UK£1.68UK£0.72UK£0.8011
Oct ’24UK£0.96
UK£1.28
+33.6%
21.4%UK£1.80UK£0.90UK£0.8612
Sep ’24UK£0.99
UK£1.30
+31.9%
19.8%UK£1.80UK£0.95UK£0.8512
Aug ’24UK£1.15
UK£1.31
+13.7%
20.0%UK£1.80UK£0.95UK£0.8612
Jul ’24UK£1.08
UK£1.38
+27.8%
15.5%UK£1.80UK£1.15UK£0.7812
Jun ’24UK£1.09
UK£1.38
+27.3%
15.2%UK£1.80UK£1.15UK£0.8412
May ’24UK£1.30
UK£1.39
+6.5%
15.2%UK£1.80UK£1.15UK£0.7812
Apr ’24UK£1.36
UK£1.41
+4.4%
14.2%UK£1.80UK£1.15UK£0.8912
Mar ’24UK£1.48
UK£1.38
-7.0%
12.7%UK£1.80UK£1.15UK£0.8512
Feb ’24UK£1.37
UK£1.29
-5.6%
18.0%UK£1.80UK£0.95UK£0.7911
Jan ’24UK£1.33
UK£1.16
-12.8%
22.9%UK£1.80UK£0.80UK£0.9311
Dec ’23UK£1.29
UK£1.13
-12.9%
23.8%UK£1.80UK£0.80UK£0.8311
Nov ’23UK£1.07
UK£1.10
+3.1%
24.3%UK£1.80UK£0.80UK£0.8012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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