Quilter QLT.L
United KingdomFinancial Services · Asset ManagementLondon Stock Exchange · GBP
2.20 GBP (+25.4%)
15 analysts
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Quilter is a British wealth manager offering financial advice, planning and investment management to retail and high-net-worth clients, generating revenue from management and advisory fees.
Listed on London Stock Exchange · Symbol QLT.L · LON: QLT · Currency GBP
Key points
from its scores- ✓Favourable backdrop7.4
- ✕Little competitive advantage1.9
- ✕Demanding valuation3.1
- ✕Fragile balance sheet3.4
AI analysis
bottom line, main risk, context and newsThe stock offers an attractive dividend and reasonable valuation, but profitability and margins do not justify an aggressive position until earnings catch up with revenue growth.
Quilter shows spectacular revenue growth of 160.8%, although profit falls 3.0% and margins are very thin (operating 3.67%, net 0.88%), reflecting an asset management business with high costs and modest return on equity (ROE 8.56%). Forward valuation (PER 12.21) is reasonable and the dividend (3.42% net) is well covered, but underlying quality is weak.
The main risk is structural margin weakness (operating 3.67%) and falling profit (-3.0%) despite strong revenue growth, suggesting the business is not converting scale into profitability; additionally, dependence on UK equity markets exposes revenues to a correction.
Context and risks
Quilter is a UK wealth manager with revenues based on fees and asset management margins. It has no material exposure to interest rates, commodities or shipping routes; its business depends on equity markets and UK retail investor confidence. The current macro context does not affect it directly and demonstrably.
Is Quilter stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 26% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 21.9 | 13.7 | +60% |
| EV / EBITDA | 0.7 | 10.1 | −93% |
| Price / book | 1.7 | 1.9 | −7% |
| Price / sales | 0.2 | 3.5 | −95% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.1 out of 10 (median for Financial Services: 5.2).
Average analyst target: 2.20 GBP, +25.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 1.9 (sector 8.8), Growth 6.9 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 21.9
- Forward P/E
- 12.2
- EV / EBITDA
- 0.7
- Price / book
- 1.7
- Price / sales
- 0.2
- PEG
- 0.78
- Market cap
- 2.3B GBP
- Enterprise value
- 314.0M GBP
Profitability
- ROE
- 8.6%
- ROA
- 0.4%
- ROIC (approx.)
- 30.3%
- Gross margin
- 19.6%
- Operating margin
- 3.7%
- Net margin
- 0.9%
- Free cash flow
- −1.6B GBP
- FCF yield
- −70.1%
- Cash conversion
- −346%
Solvency
- Total debt
- 267.0M GBP
- Net debt
- −2.0B GBP
- Cash
- 2.3B GBP
- EBITDA
- 476.0M GBP
- Net debt / EBITDA
- −4.30
- Debt / equity
- 19.46
- Current ratio
- 1.16
- Quick ratio
- 0.05
Growth
- Revenue growth
- +160.8%
- Earnings growth
- −3.0%
- EPS (TTM)
- 0.08 GBP
- EPS (forward)
- 0.14 GBP
Dividend
- Dividend yield
- 3.4%
- Payout
- 74.1%
Risk and market
- Beta
- 0.83
- Analyst consensus
- Buy (15)
- Target price
- 2.20 GBP
Recent news
All QLT.L news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Quilter
Is Quilter stock cheap or expensive?
On P/E and Price / book, it trades 26% above the Financial Services median on average. Valuation score: 3.1 out of 10 (median for Financial Services: 5.2). Average analyst target: 2.20 GBP, +25.4% versus the price. This is not investment advice.
What score does Quilter get on MeridIAn Screener?
It scores 4.6 out of 10, rank 1,853 of 2,130 (better than 13% of the companies analysed). Its strongest category is Risk & Context (7.4) and its weakest, Quality / Moat (1.9). Analysis of 08/10/2026.
What is Quilter's P/E ratio?
Its P/E is 21.9: the share price equals 21.9 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 12.2.
How much is Quilter worth on the stock market?
Its market capitalisation is 2.3B GBP.
Does Quilter pay a dividend?
Yes: its dividend yield is 3.42% and it pays out 74% of its earnings.
How has Quilter stock performed over the last year?
It has risen 0.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 2.09 GBP. Past performance does not guarantee future results.
What do analysts think of Quilter?
15 analysts cover it; their average recommendation is “Buy” and their average target is 2.20 GBP (+25.4% versus the price). It is an estimate, not market data.