LSE:QLT

Stock Analysis Report

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Executive Summary

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: QLT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.4%

QLT

0%

GB Capital Markets

0%

GB Market


1 Year Return

-2.4%

QLT

0%

GB Capital Markets

0%

GB Market

Return vs Industry: QLT underperformed the UK Capital Markets industry which returned 11.5% over the past year.

Return vs Market: QLT exceeded the UK Market which returned -11% over the past year.


Shareholder returns

QLTIndustryMarket
7 Day1.4%0%0%
30 Day11.5%0%0%
90 Day-8.8%0%0%
1 Year2.2%-2.4%0%0%0%0%
3 Yearn/a0%0%0%0%
5 Yearn/a0%0%0%0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QLT (£1.34) is trading below our estimate of fair value (£1.43)

Significantly Below Fair Value: QLT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: QLT is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: QLT is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QLT is good value based on its PB Ratio (1.2x) compared to the GB Capital Markets industry average (1.7x).


Next Steps

Future Growth

How is Quilter forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

50.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: QLT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: QLT's is expected to become profitable in the next 3 years.

Revenue vs Market: QLT's revenue is expected to decline over the next 3 years (-82.3% per year).

High Growth Revenue: QLT's revenue is forecast to decline over the next 3 years (-82.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QLT's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has Quilter performed over the past 5 years?

-4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QLT is currently unprofitable.

Growing Profit Margin: QLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: QLT is unprofitable, and losses have increased over the past 5 years at a rate of -4.2% per year.

Accelerating Growth: Unable to compare QLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QLT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.4%).


Return on Equity

High ROE: QLT has a negative Return on Equity (-1.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Quilter's financial position?


Financial Position Analysis

Short Term Liabilities: QLT's short term assets (£62.5B) exceed its short term liabilities (£53.0B).

Long Term Liabilities: QLT's short term assets (£62.5B) exceed its long term liabilities (£8.7B).


Debt to Equity History and Analysis

Debt Level: QLT's debt to equity ratio (9.6%) is considered satisfactory.

Reducing Debt: QLT's debt to equity ratio has increased from 5.7% to 9.6% over the past 5 years.

Debt Coverage: QLT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: QLT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

5.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QLT's dividend (5.23%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).

High Dividend: QLT's dividend (5.23%) is low compared to the top 25% of dividend payers in the UK market (5.56%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether QLT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if QLT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: QLT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: QLT's dividends in 3 years are forecast to be covered by earnings (61.1% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Paul Feeney (55yo)

7.83yrs

Tenure

UK£1,896,300

Compensation

Mr. Paul William Feeney, Ph.D., has been the Chief Executive Officer at Quilter plc (formerly known as Old Mutual Wealth Management Ltd.) since August 2012 and serves as its Director. Previously, Mr. Feene ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.36M) is about average for companies of similar size in the UK market ($USD2.39M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Feeney
CEO & Director7.83yrsUK£1.90m0.038% £956.9k
Mark Satchel
CFO & Director1.25yrsUK£1.15m0.0033% £83.2k
Karin Alexandra Cook
Chief Operating Officer1.42yrsno datano data
John-Paul Crutchley
Head of Investor Relationsno datano datano data
Kevin Lee-Crossett
Chief Legal Officer4.17yrsno datano data
Kathleen Gallagher
Corporate Communications Managerno datano datano data
Matt Burton
Chief Risk Officer4.17yrsno datano data
Andy Thompson
Chief Executive Officer Of Quilter Financial Planning1.42yrsno datano data
Steven Levin
Chief Executive Officer of UK Platform & Heritageno datano datano data
Patrick Gonsalves
Secretary3.42yrsno datano data

3.4yrs

Average Tenure

51.5yo

Average Age

Experienced Management: QLT's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Feeney
CEO & Director7.83yrsUK£1.90m0.038% £956.9k
Mark Satchel
CFO & Director1.25yrsUK£1.15m0.0033% £83.2k
Ruth Markland
Senior Independent Director2yrsUK£146.50k0.00056% £14.0k
Glyn Jones
Independent Non-Executive Chairman3.58yrsUK£375.00k0.022% £539.8k
Rosemary Harris
Independent Non-Executive Director3.17yrsUK£161.00k0.00047% £11.7k
Jonathan Little
Independent Non-Executive Director3.08yrsUK£157.90k0.00056% £14.0k
Paul Matthews
Independent Non-Executive Director1.83yrsUK£120.90k0.00081% £20.2k
Moira Kilcoyne
Independent Non-Executive Director3.5yrsUK£100.50k0.00093% £23.2k
George Reid
Independent Non-Executive Director3.33yrsUK£196.80k0.00056% £14.0k

3.1yrs

Average Tenure

59yo

Average Age

Experienced Board: QLT's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: QLT insiders have only sold shares 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

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


Key Information

  • Name: Quilter plc
  • Ticker: QLT
  • Exchange: LSE
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£2.492b
  • Shares outstanding: 1.86b
  • Website: https://www.quilter.com

Number of Employees


Location

  • Quilter plc
  • Millennium Bridge House
  • 2 Lambeth Hill
  • London
  • Greater London
  • EC4V 4AJ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QLTLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2018
QLTJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARJun 2018
QLTLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 2018
2FQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2018
QUIL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2018

Biography

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates in two segments, Advice and Wealth Management, and Wealth Platforms. The Advice and Wealth Management segment develops and manages various investment solutions in the form of funds. It also offers discretionary investment management services to affluent and high-net worth customers, charities, companies, and institutions; and mortgage and financial planning advice, and financial solutions for individuals and businesses. The Wealth Platforms segment engages in the provision of investment platform for advice-based wealth management products and services; and cross-border business, focusing on high net worth and affluent local customers and expatriates. The company was incorporated in 2007 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 01:26
End of Day Share Price2020/06/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.