# Investec plc (INVP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 672p, market value 4.2 billionp.

## Valuation
- **P/E (trailing): 9.0×** (5-yr avg 742.5×, 3-yr avg 743.4×). Investec plc trades at 9.0× trailing earnings, well below its own five-year average of 742.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 6.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.95**. A PEG of 0.95 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.9×**. Enterprise value is 3.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -13.4%** (5-yr avg -0.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 11.2%**. The inverse of the P/E: 11.2% of the price is earned each year.

## Profitability
- **Gross margin: 60.4%**. Investec plc keeps 60.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 43.1%**. 43.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 15.4%**. 15.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.3%**. 13.3% on shareholders' equity is solid.
- **Return on invested capital: 28.9%**. Return on all capital, debt included, is 28.9%: comfortably above what that capital costs.
- **Return on assets: 2.2%**. Each dollar of assets produces 2.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 136.9%** (3-yr 28.1%/yr, 5-yr 11.5%/yr). Revenue grew 136.9% over the last year, against 11.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 7.1%** (3-yr -3.3%/yr, 5-yr 24.6%/yr). Earnings per share rose 7.1%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 5.5 billionp**. 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: 5.75%** (0p per share, trailing). Investec plc yields 5.75%, an income-level yield.
- **Payout ratio: 46%**. 46% 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): 46.8%/yr** (1-yr 5.6%). The dividend has compounded at 46.8% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: 13.5%**. Dividends plus net buybacks return 13.5% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Investec plc; the consensus is strong_buy, with an average price target of 742p (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 22.5%** (YTD 21.1%, 3-mo 7.1%). The shares are up 22.5% over twelve months including dividends.
- **From 52-week high: -2.6%** (34.6% above the low). Trading within 5% of 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 1.04** (volatility 24%). Beta of 1.04 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.