Quilter plc

JSE:QLT Stock Report

Market Cap: R44.4b

Quilter Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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.

Below Fair Value: Insufficient data to calculate QLT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate QLT's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for QLT. This is calculated by dividing QLT's market cap by their current earnings.
What is QLT's PE Ratio?
PE Ratio39.2x
EarningsUK£50.00m
Market CapUK£1.96b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for QLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12x
KST PSG Financial Services
20.3x19.6%R23.2b
AIL African Rainbow Capital Investments
5xn/aR11.7b
CML Coronation Fund Managers
6.4xn/aR13.9b
AFH Alexander Forbes Group Holdings
16.2xn/aR9.3b
QLT Quilter
38.5x36.6%R1.9b

Price-To-Earnings vs Peers: QLT is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the peer average (12x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QLT 39.2xIndustry Avg. 8.9xNo. of Companies6PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QLT is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the African Capital Markets industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is QLT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QLT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.2x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: QLT is expensive based on its Price-To-Earnings Ratio (38.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

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
CurrentR32.59
R33.29
+2.1%
15.2%R41.34R21.82n/a14
Nov ’25R32.86
R33.29
+1.3%
15.2%R41.34R21.82n/a14
Oct ’25R30.15
R31.01
+2.9%
14.9%R39.25R21.94n/a13
Sep ’25R32.39
R31.01
-4.2%
15.3%R39.43R22.04n/a13
Aug ’25R31.26
R28.74
-8.1%
15.0%R37.84R22.47n/a13
Jul ’25R27.46
R26.87
-2.2%
13.1%R32.20R19.55n/a13
Jun ’25R27.86
R27.93
+0.3%
15.8%R37.82R20.35n/a14
May ’25R25.71
R26.62
+3.6%
17.0%R36.99R19.90n/a13
Apr ’25R25.51
R26.88
+5.4%
17.5%R37.64R20.25n/a14
Mar ’25R23.50
R26.27
+11.8%
19.1%R37.76R18.16n/a14
Feb ’25R24.40
R26.27
+7.7%
19.1%R37.76R18.16n/a14
Jan ’25R24.28
R24.56
+1.1%
22.0%R36.67R15.78n/a14
Dec ’24R22.06
R24.07
+9.1%
23.1%R36.02R15.50n/a13
Nov ’24R18.70
R24.35
+30.2%
23.0%R36.25R15.60R32.8613
Oct ’24R19.85
R25.51
+28.5%
23.8%R37.27R16.04R30.1513
Sep ’24R20.18
R25.98
+28.7%
23.8%R37.80R16.27R32.3913
Aug ’24R17.86
R23.14
+29.6%
25.5%R36.00R15.95R31.2613
Jul ’24R19.29
R25.01
+29.6%
23.5%R37.89R17.50R27.4613
Jun ’24R21.02
R25.01
+19.0%
23.5%R37.89R17.50R27.8613
May ’24R19.44
R24.44
+25.7%
24.2%R36.09R16.67R25.7112
Apr ’24R18.50
R23.76
+28.4%
22.8%R34.70R16.47R25.5112
Mar ’24R20.05
R24.35
+21.4%
23.3%R35.08R16.43R23.5013
Feb ’24R20.75
R23.69
+14.2%
22.2%R33.51R15.69R24.4012
Jan ’24R19.00
R24.52
+29.1%
21.0%R34.28R17.67R24.2813
Dec ’23R21.26
R23.91
+12.5%
20.7%R33.17R17.10R22.0613
Nov ’23R20.78
R24.99
+20.2%
26.8%R41.37R17.31R18.7013

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

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