# B.P. Marsh & Partners PLC (BPM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 672p, market value 236 millionp.

## Valuation
- **P/E (trailing): 5.3×** (5-yr avg 489.5×, 3-yr avg 391.6×). B.P. Marsh & Partners PLC trades at 5.3× trailing earnings, well below its own five-year average of 489.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 2.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.3×**. Each dollar of revenue is priced at 4.3×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 1.2×**. Enterprise value is 1.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -0.2%** (5-yr avg 0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 18.8%**. The inverse of the P/E: 18.8% of the price is earned each year.

## Profitability
- **Gross margin: 99.4%**. B.P. Marsh & Partners PLC keeps 99.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 271.2%**. 271.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 160.5%**. 160.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.4%**. 13.4% on shareholders' equity is solid.
- **Return on invested capital: 46.2%**. Return on all capital, debt included, is 46.2%: comfortably above what that capital costs.
- **Return on assets: 39.3%**. Each dollar of assets produces 39.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -74.6%** (3-yr -2.5%/yr, 5-yr 46.2%/yr). Revenue fell 74.6% over the last year, against 46.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -50.8%** (3-yr 25.3%/yr, 5-yr 27.1%/yr). Earnings per share fell 50.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 49 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 2.05%** (0p per share, trailing). B.P. Marsh & Partners PLC yields 2.05%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 17%**. 17% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 57.7%/yr** (1-yr 101.9%). The dividend has compounded at 57.7% a year over five years, doubling roughly every 1 years at that pace.
- **Shareholder yield: 5.3%**. Dividends plus net buybacks return 5.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): -0.8%** (YTD 0.5%, 3-mo -1.8%). The shares are down 0.8% over twelve months including dividends.
- **From 52-week high: -5.4%** (9.6% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 69**. An RSI of 69 is neutral.
- **Beta (1 yr): 0.16** (volatility 12%). Beta of 0.16 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BPM.L · Page: https://foliofundamentals.com/stocks/bpm.l

Not investment advice.