Quilter plc

LSE:QLT Stock Report

Market Cap: UK£2.4b

Quilter Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 QLT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

UK£1.26
Fair Value
44.8% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: QLT (£1.82) is trading above our estimate of fair value (£1.26)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for QLT. This is calculated by dividing QLT's market cap by their current revenue.
What is QLT's PS Ratio?
PS Ratio0.5x
SalesUK£4.63b
Market CapUK£2.45b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for QLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.7x
LWDB Law Debenture
5.4xn/aUK£1.4b
RCP RIT Capital Partners
8.5xn/aUK£3.0b
STJ St. James's Place
0.4x-69.95%UK£6.8b
BPT Bridgepoint Group
4.3x9.12%UK£2.4b
QLT Quilter
0.5x-57.23%UK£2.4b

Price-To-Sales vs Peers: QLT is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (4.7x).

Price to Sales Ratio vs Industry

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

23 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.5x2.4%
QLT Quilter
 0.5x-57.23%US$3.22b
STJ St. James's Place
0.4x-69.95%US$8.96b
TCAP TP ICAP Group
0.8x3.20%US$2.44b
QLT 0.5xIndustry Avg. 3.5xNo. of Companies23PS03.67.210.814.418+
23 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.5x15.0%
QLT Quilter
 0.5x47.95%US$3.22b
No more companies

Price-To-Sales vs Industry: QLT is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Capital Markets industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is QLT'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.

QLT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: QLT is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 QLT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.82
UK£1.85
+1.48%
9.34%UK£2.10UK£1.40n/a14
Nov ’26UK£1.82
UK£1.85
+1.64%
9.34%UK£2.10UK£1.40n/a14
Oct ’26UK£1.66
UK£1.79
+8.09%
8.90%UK£2.00UK£1.40n/a14
Sep ’26UK£1.64
UK£1.77
+7.58%
8.45%UK£1.95UK£1.40n/a14
Aug ’26UK£1.66
UK£1.67
+0.69%
9.32%UK£1.90UK£1.25n/a14
Jul ’26UK£1.58
UK£1.58
-0.036%
13.10%UK£1.90UK£1.10n/a14
Jun ’26UK£1.48
UK£1.54
+4.46%
14.33%UK£1.77UK£0.95n/a14
May ’26UK£1.36
UK£1.54
+13.39%
17.13%UK£1.95UK£0.95n/a14
Apr ’26UK£1.46
UK£1.63
+11.61%
15.40%UK£2.00UK£1.10n/a14
Mar ’26UK£1.52
UK£1.53
+0.92%
14.23%UK£1.80UK£1.10n/a13
Feb ’26UK£1.62
UK£1.52
-6.14%
14.17%UK£1.80UK£1.10n/a13
Jan ’26UK£1.54
UK£1.46
-5.62%
15.89%UK£1.80UK£0.95n/a13
Dec ’25UK£1.50
UK£1.45
-3.01%
15.78%UK£1.80UK£0.95n/a13
Nov ’25UK£1.44
UK£1.45
+0.65%
15.17%UK£1.80UK£0.95UK£1.8214
Oct ’25UK£1.30
UK£1.34
+3.24%
14.90%UK£1.70UK£0.95UK£1.6613
Sep ’25UK£1.39
UK£1.34
-3.60%
15.33%UK£1.70UK£0.95UK£1.6413
Aug ’25UK£1.35
UK£1.22
-9.65%
14.96%UK£1.60UK£0.95UK£1.6613
Jul ’25UK£1.18
UK£1.17
-1.09%
13.14%UK£1.40UK£0.85UK£1.5813
Jun ’25UK£1.18
UK£1.17
-0.95%
15.78%UK£1.58UK£0.85UK£1.4814
May ’25UK£1.11
UK£1.14
+2.47%
16.97%UK£1.58UK£0.85UK£1.3613
Apr ’25UK£1.07
UK£1.13
+5.34%
17.55%UK£1.58UK£0.85UK£1.4614
Mar ’25UK£1.07
UK£1.10
+3.10%
19.12%UK£1.58UK£0.76UK£1.5214
Feb ’25UK£1.03
UK£1.10
+7.23%
19.12%UK£1.58UK£0.76UK£1.6214
Jan ’25UK£1.03
UK£1.06
+2.95%
21.95%UK£1.58UK£0.68UK£1.5414
Dec ’24UK£0.95
UK£1.06
+11.44%
23.11%UK£1.58UK£0.68UK£1.5013
Nov ’24UK£0.82
UK£1.06
+29.26%
23.02%UK£1.58UK£0.68UK£1.4413
UK£1.85
Fair Value
1.5% undervalued intrinsic discount
14
Number of Analysts

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 Analysis2025/11/07 05:01
End of Day Share Price 2025/11/07 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Quilter plc is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sabena OmarAvior Capital Markets
FC De BeerAvior Capital Markets
Michael SandersonBarclays