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QLT

QuilterLSE:QLT Stock Report

Market Cap

UK£2.4b

7D

3.4%

1Y

14.5%

Updated

23 Oct, 2021

Data

Company Financials +
QLT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends2/6

QLT Overview

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

Quilter Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Quilter
Historical stock prices
Current Share PriceUK£1.50
52 Week HighUK£1.20
52 Week LowUK£1.70
Beta1.21
1 Month Change4.42%
3 Month Change-4.46%
1 Year Change14.47%
3 Year Change31.95%
5 Year Changen/a
Change since IPO-1.35%

Recent News & Updates

Shareholder Returns

QLTGB Capital MarketsGB Market
7D3.4%-0.3%-0.2%
1Y14.5%13.3%23.2%

Return vs Industry: QLT exceeded the UK Capital Markets industry which returned 12.7% over the past year.

Return vs Market: QLT underperformed the UK Market which returned 23.1% over the past year.

Price Volatility

Is QLT's price volatile compared to industry and market?
QLT volatility
QLT Beta1.21
Industry Beta0.80
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
20074,176Paul Feeneyhttps://www.quilter.com

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.

Quilter Fundamentals Summary

How do Quilter's earnings and revenue compare to its market cap?
QLT fundamental statistics
Market CapUK£2.41b
Earnings (TTM)UK£65.00m
Revenue (TTM)UK£8.22b

37.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QLT income statement (TTM)
RevenueUK£8.22b
Cost of RevenueUK£147.00m
Gross ProfitUK£1.73b
ExpensesUK£1.67b
EarningsUK£65.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)0.04
Gross Margin21.07%
Net Profit Margin0.79%
Debt/Equity Ratio11.4%

How did QLT perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

138%

Payout Ratio

Valuation

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

37.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QLT (£1.5) is trading above our estimate of fair value (£1.31)

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


Price To Earnings Ratio

PE vs Industry: QLT is poor value based on its PE Ratio (37.1x) compared to the UK Capital Markets industry average (13x).

PE vs Market: QLT is poor value based on its PE Ratio (37.1x) compared to the UK market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: QLT is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: QLT is good value based on its PB Ratio (1.4x) compared to the GB Capital Markets industry average (1.9x).


Future Growth

How is Quilter forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QLT's forecast earnings growth (7.7% per year) is above the savings rate (0.9%).

Earnings vs Market: QLT's earnings (7.7% per year) are forecast to grow slower than the UK market (12.9% per year).

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

Revenue vs Market: QLT's revenue is expected to decline over the next 3 years (-22% per year).

High Growth Revenue: QLT's revenue is forecast to decline over the next 3 years (-22% 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 (8.1%).


Past Performance

How has Quilter performed over the past 5 years?

61.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QLT has a large one-off loss of £37.0M impacting its June 30 2021 financial results.

Growing Profit Margin: QLT's current net profit margins (0.8%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: QLT's earnings have grown significantly by 61.2% per year over the past 5 years.

Accelerating Growth: QLT's earnings growth over the past year (195.5%) exceeds its 5-year average (61.2% per year).

Earnings vs Industry: QLT earnings growth over the past year (195.5%) exceeded the Capital Markets industry 56.1%.


Return on Equity

High ROE: QLT's Return on Equity (3.7%) is considered low.


Financial Health

How is Quilter's financial position?


Financial Position Analysis

Short Term Liabilities: QLT's short term assets (£71.4B) exceed its short term liabilities (£63.4B).

Long Term Liabilities: QLT's short term assets (£71.4B) exceed its long term liabilities (£7.0B).


Debt to Equity History and Analysis

Debt Level: QLT's debt to equity ratio (11.4%) is considered satisfactory.

Reducing Debt: QLT's debt to equity ratio has reduced from 85.3% to 11.4% over the past 5 years.

Debt Coverage: QLT's debt is well covered by operating cash flow (1076.4%).

Interest Coverage: QLT's interest payments on its debt are well covered by EBIT (14.5x coverage).


Balance Sheet


Dividend

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

3.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QLT's dividend (3.53%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: QLT's dividend (3.53%) is low compared to the top 25% of dividend payers in the UK market (4.07%).


Stability and Growth of Payments

Stable Dividend: QLT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: QLT's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (138.4%), QLT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: QLT's dividends in 3 years are forecast to be covered by earnings (55.2% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Paul Feeney (57 yo)

9.17yrs

Tenure

UK£1,487,300

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 since August 2012. Pre...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.05M) is about average for companies of similar size in the UK market ($USD1.67M).

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


Leadership Team

Experienced Management: QLT's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: QLT's board of directors are considered experienced (3.3 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 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£2.409b
  • Shares outstanding: 1.61b
  • Website: https://www.quilter.com

Number of Employees


Location

  • Quilter plc
  • Senator House
  • 85 Queen Victoria Street
  • London
  • Greater London
  • EC4V 4AB
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 17:56
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.