LSE:QLT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value 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


Market Performance


7 Day Return

-0.7%

QLT

-0.9%

GB Capital Markets

0.08%

GB Market


1 Year Return

24.3%

QLT

21.1%

GB Capital Markets

3.5%

GB Market

Return vs Industry: QLT exceeded the UK Capital Markets industry which returned 21.1% over the past year.

Return vs Market: QLT exceeded the UK Market which returned 3.5% over the past year.


Shareholder returns

QLTIndustryMarket
7 Day-0.7%-0.9%0.08%
30 Day1.3%-3.2%-1.3%
90 Day-6.1%3.1%-2.2%
1 Year28.8%24.3%24.1%21.1%9.0%3.5%
3 Yearn/a77.7%65.1%18.1%3.1%
5 Yearn/a148.1%118.7%36.2%5.3%

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?

25.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QLT (£1.41) is trading below our estimate of fair value (£1.9)

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 good value based on its PE Ratio (18.4x) compared to the Capital Markets industry average (18.9x).

PE vs Market: QLT is poor value based on its PE Ratio (18.4x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: QLT is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: QLT is overvalued based on its PB Ratio (1.3x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Quilter forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

45.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QLT's forecast earnings growth (45.9% per year) is above the savings rate (1.2%).

Earnings vs Market: QLT's earnings (45.9% per year) are forecast to grow faster than the UK market (12.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: QLT's revenue is expected to decline over the next 3 years (-8.1% per year).

High Growth Revenue: QLT's revenue is forecast to decline over the next 3 years (-8.1% 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 (12.3%).


Next Steps

Past Performance

How has Quilter performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QLT's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: QLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: QLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (4.6%).


Return on Equity

High ROE: QLT's Return on Equity (7.2%) is considered low.


Return on Assets

ROA vs Industry: QLT's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: QLT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Quilter's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: QLT has a low level of unsold assets or inventory.

Debt Coverage by Assets: QLT's debt is covered by short term assets (assets are 80.398980x debt).


Financial Institutions Analysis

Asset Level: QLT's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if QLT has a sufficient allowance for bad loans.

Low Risk Liabilities: QLT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if QLT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: QLT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if QLT has an appropriate level of bad loans.


Next Steps

  • Explore more healthy companies in the Diversified Financials industry.

Dividend

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

2.42%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%2.0%markettop25%5.4%industryaverage2.2%forecastin3Years4.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: QLT's dividend (2.42%) is higher than the bottom 25% of dividend payers in the UK market (1.98%).

High Dividend: QLT's dividend (2.42%) is low compared to the top 25% of dividend payers in the UK market (5.37%).

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: With its reasonable payout ratio (65.5%), QLT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QLT's dividends in 3 years are forecast to be covered by earnings (67.4% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Paul Feeney (55yo)

7.2yrs

Tenure

0

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 ...


Management Age and Tenure

1.8yrs

Average Tenure

53yo

Average Age

Experienced Management: QLT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

59yo

Average Age

Experienced Board: QLT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: QLT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

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Ownership Breakdown


Management Team

  • Paul Feeney (55yo)

    CEO & Director

    • Tenure: 7.2yrs
  • John-Paul Crutchley

    Head of Investor Relations

    • Tenure: 0yrs
  • Kevin Lee-Crossett

    Chief Legal Officer

    • Tenure: 3.5yrs
  • Mark Satchel (50yo)

    CFO & Director

    • Tenure: 0.6yrs
  • Karin Alexandra Cook (53yo)

    Chief Operating Officer

    • Tenure: 0.8yrs
  • Paul Hucknall

    Human Resources Director

    • Tenure: 1.8yrs
  • Andy Thompson

    Chief Executive Officer Of Quilter Financial Planning

    • Tenure: 0.8yrs
  • Matt Burton

    Chief Risk Officer

    • Tenure: 3.5yrs
  • Michelle Andrews

    Chief Marketing Officer

    • Tenure: 0yrs
  • Kathleen Gallagher

    Corporate Communications Manager

    • Tenure: 0yrs

Board Members

  • Ruth Markland (66yo)

    Senior Independent Director

    • Tenure: 1.3yrs
  • Glyn Jones (67yo)

    Independent Non-Executive Chairman

    • Tenure: 2.9yrs
  • Cathy Turner (56yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
  • Rosie Harris (60yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
  • Paul Feeney (55yo)

    CEO & Director

    • Tenure: 7.2yrs
  • Suresh Kana (64yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
  • Mark Satchel (50yo)

    CFO & Director

    • Tenure: 0.6yrs
  • Paul Matthews (58yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
  • Moira Kilcoyne

    Independent Non-Executive Director

    • Tenure: 2.8yrs
  • George Reid

    Independent Non-Executive Director

    • Tenure: 2.7yrs

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£2.676b
  • Shares outstanding: 1.90b
  • 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 Platf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:47
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.