# Liontrust Asset Management PLC (LIO.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 292p, market value 180 millionp.

## Valuation
- **P/E (trailing): 19.4×** (5-yr avg 1499.5×, 3-yr avg 1511.4×). Liontrust Asset Management PLC trades at 19.4× trailing earnings, well below its own five-year average of 1499.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 6.9×, lower than trailing, so analysts expect earnings to grow.
- **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: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.2×**. Enterprise value is 2.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 19.2%** (5-yr avg 0.1%). Free cash flow equals 19.2% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.1%**. The inverse of the P/E: 5.1% of the price is earned each year.

## Profitability
- **Gross margin: 82.0%**. Liontrust Asset Management PLC keeps 82.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 10.7%**. 10.7% of revenue is left after running the business.
- **Net margin: 7.1%**. 7.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.9%**. 8.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 40.3%**. Return on all capital, debt included, is 40.3%: comfortably above what that capital costs.
- **Return on assets: 9.8%**. Each dollar of assets produces 9.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -20.9%** (3-yr -18.0%/yr, 5-yr -5.2%/yr). Revenue fell 20.9% over the last year, against -5.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -42.7%** (3-yr -37.4%/yr, 5-yr -20.2%/yr). Earnings per share fell 42.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -30.4%/yr**. Free cash flow has compounded at -30.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 53 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: 6.32%** (0p per share, trailing). Liontrust Asset Management PLC yields 6.32%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 373%** (237% of free cash flow). The dividend exceeds earnings (373% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): 10.2%/yr** (1-yr -20.8%). The dividend has compounded at 10.2% a year over five years, doubling roughly every 7 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): -4.1%** (YTD 13.6%, 3-mo 0.4%). The shares are down 4.1% over twelve months including dividends.
- **From 52-week high: -18.6%** (30.7% above the low). Trading 19% 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): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.84** (volatility 37%). Beta of 0.84 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.