# Investec plc (INVR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 690p, market value 6.5 billionp.

## Valuation
- **P/E (trailing): 0.1×** (5-yr avg 931.9×, 3-yr avg 985.6×). Investec plc trades at 0.1× trailing earnings, well below its own five-year average of 931.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 1.6×**. Enterprise value is 1.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -5.7%** (5-yr avg 0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 753.6%**. The inverse of the P/E: 753.6% of the price is earned each year.

## Profitability
- **Gross margin: 41.9%**. Investec plc keeps 41.9% of revenue after the direct cost of what it sells.
- **Operating margin: 28.3%**. 28.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 7.2%**. 7.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.6%**. 5.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 45.9%**. Return on all capital, debt included, is 45.9%: comfortably above what that capital costs.
- **Return on assets: 1.5%**. Each dollar of assets produces 1.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 365.3%** (3-yr 7.6%/yr, 5-yr 11.5%/yr). Revenue grew 365.3% over the last year, against 11.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 97.4%** (3-yr -2.5%/yr, 5-yr 25.2%/yr). Earnings per share rose 97.4%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 6.3 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: 7.33%** (1p per share, trailing). Investec plc yields 7.33%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 99%**. 99% of earnings goes out as dividends, leaving a thin cushion.
- **Dividend growth (5 yr): 31.5%/yr** (1-yr -12.0%). The dividend has compounded at 31.5% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: 11.9%**. Dividends plus net buybacks return 11.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): 9.2%** (YTD 6.6%, 3-mo 2.2%). The shares are up 9.2% over twelve months including dividends.
- **From 52-week high: -1.4%** (11.2% 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): 94**. An RSI of 94 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.08** (volatility 6%). Beta of 0.08 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.