Jupiter Fund Management Plc

LSE:JUP Stock Report

Market Cap: UK£443.6m

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 (£0.86) is trading below our estimate of fair value (£1.09)

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 Ratio1.2x
SalesUK£361.50m
Market CapUK£443.63m

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 Average7.3x
ORIT Octopus Renewables Infrastructure Trust
15xn/aUK£380.6m
POLR Polar Capital Holdings
2.3x3.5%UK£490.7m
BOOK Literacy Capital
9.3xn/aUK£272.4m
CGEO Georgia Capital
2.5xn/aUK£425.8m
JUP Jupiter Fund Management
1.2x-1.4%UK£440.6m

Price-To-Sales vs Peers: JUP is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (7.3x).

Price to Sales Ratio vs Industry

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

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
STJ St. James's Place
0.2x-83.5%US$5.70b
QLT Quilter
0.3x-83.1%US$2.56b
KWG Kingswood Holdings
0.8xn/aUS$87.04m
RIV River and Mercantile Group
0.6x-49.0%US$50.18m
JUP 1.2xIndustry Avg. 3.1xNo. of Companies18PS03.26.49.612.816+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JUP is good value based on its Price-To-Sales Ratio (1.2x) compared to the UK Capital Markets industry average (3.1x).

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 Ratio1.2x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: JUP is good value based on its Price-To-Sales Ratio (1.2x) 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£0.86
UK£0.89
+2.9%
8.9%UK£1.00UK£0.77n/a11
Dec ’25UK£0.83
UK£0.89
+6.2%
8.9%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£0.70UK£0.8712
Dec ’24UK£0.83
UK£0.89
+6.6%
16.5%UK£1.20UK£0.70UK£0.8312
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 18:52
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Jupiter Fund Management Plc is covered by 33 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael SandersonBarclays
Daniel GarrodBarclays
Christopher TurnerBerenberg