St. James's Place plc

LSE:STJ Stock Report

Market Cap: UK£4.4b

St. James's Place Valuation

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

Below Fair Value: STJ (£8.21) is trading below our estimate of fair value (£16.37)

Significantly Below Fair Value: STJ is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for STJ. This is calculated by dividing STJ's market cap by their current revenue.
What is STJ's PS Ratio?
PS Ratio0.2x
SalesUK£26.80b
Market CapUK£4.43b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for STJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
HL. Hargreaves Lansdown
6.7x3.2%UK£5.2b
SDR Schroders
1.7x-1.4%UK£4.9b
BPT Bridgepoint Group
7.9x17.0%UK£2.7b
ICG Intermediate Capital Group
7x11.7%UK£5.9b
STJ St. James's Place
0.2x-98.6%UK£4.4b

Price-To-Sales vs Peers: STJ is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (5.8x).

Price to Sales Ratio vs Industry

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

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.0x3.7%
STJ St. James's Place
 0.2x-98.6%US$5.59b
QLT Quilter
0.3x-83.1%US$2.44b
RIV River and Mercantile Group
0.6x-49.0%US$50.18m
STJ 0.2xIndustry Avg. 3.0xNo. of Companies17PS03.26.49.612.816+
17 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.0x19.0%
STJ St. James's Place
 0.2x27.3%US$5.59b
No more companies

Price-To-Sales vs Industry: STJ is good value based on its Price-To-Sales Ratio (0.2x) compared to the UK Capital Markets industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is STJ'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.

STJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: STJ is good value based on its Price-To-Sales Ratio (0.2x) 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 STJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£8.21
UK£8.99
+9.5%
18.9%UK£14.00UK£6.90n/a14
Nov ’25UK£8.18
UK£8.96
+9.6%
19.1%UK£14.00UK£6.90n/a14
Oct ’25UK£7.25
UK£8.47
+16.9%
20.7%UK£14.00UK£6.60n/a14
Sep ’25UK£7.25
UK£8.32
+14.8%
22.1%UK£14.00UK£6.20n/a14
Aug ’25UK£7.05
UK£8.12
+15.2%
24.8%UK£14.00UK£5.25n/a15
Jul ’25UK£5.49
UK£7.21
+31.3%
32.1%UK£14.00UK£4.50n/a15
Jun ’25UK£5.00
UK£7.07
+41.5%
34.2%UK£14.00UK£4.50n/a14
May ’25UK£4.33
UK£7.18
+65.7%
33.0%UK£14.00UK£5.00n/a14
Apr ’25UK£4.65
UK£7.19
+54.8%
32.8%UK£14.00UK£5.00n/a14
Mar ’25UK£5.12
UK£7.97
+55.6%
28.6%UK£14.00UK£5.00n/a14
Feb ’25UK£6.47
UK£9.12
+41.0%
19.6%UK£14.00UK£6.53n/a15
Jan ’25UK£6.84
UK£9.96
+45.7%
32.6%UK£18.00UK£6.60n/a15
Dec ’24UK£6.58
UK£9.95
+51.2%
32.7%UK£18.00UK£6.60n/a15
Nov ’24UK£6.43
UK£10.15
+58.0%
32.6%UK£18.00UK£6.60UK£8.1815
Oct ’24UK£8.32
UK£12.73
+53.0%
17.8%UK£19.50UK£9.90UK£7.2516
Sep ’24UK£8.84
UK£12.77
+44.3%
17.8%UK£19.50UK£9.90UK£7.2516
Aug ’24UK£9.19
UK£13.19
+43.5%
16.7%UK£19.50UK£9.90UK£7.0516
Jul ’24UK£10.88
UK£14.46
+33.0%
12.6%UK£19.50UK£11.59UK£5.4917
Jun ’24UK£11.29
UK£14.42
+27.8%
12.6%UK£19.50UK£11.59UK£5.0017
May ’24UK£12.07
UK£14.41
+19.4%
12.5%UK£19.50UK£11.59UK£4.3316
Apr ’24UK£12.11
UK£14.56
+20.2%
12.1%UK£19.50UK£12.00UK£4.6516
Mar ’24UK£12.80
UK£14.37
+12.2%
13.4%UK£19.50UK£11.53UK£5.1216
Feb ’24UK£12.34
UK£14.00
+13.5%
14.4%UK£19.50UK£11.53UK£6.4716
Jan ’24UK£10.95
UK£13.74
+25.5%
16.0%UK£19.50UK£10.20UK£6.8417
Dec ’23UK£11.68
UK£13.66
+17.0%
15.5%UK£19.50UK£10.20UK£6.5817
Nov ’23UK£10.76
UK£13.85
+28.7%
16.5%UK£19.50UK£10.20UK£6.4316

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

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