# Quilter plc (QLT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 186p, market value 2.5 billionp.

## Valuation
- **P/E (trailing): 23.2×** (5-yr avg 2536.1×, 3-yr avg 2741.5×). Quilter plc trades at 23.2× trailing earnings, well below its own five-year average of 2536.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 1.4×**. Enterprise value is 1.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 428.9%** (5-yr avg 1.7%). Free cash flow equals 428.9% of the market value, above its five-year average of 1.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 69.9%**. Quilter plc keeps 69.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 8.1%**. 8.1% of revenue is left after running the business.
- **Net margin: 1.3%**. 1.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.2%**. 8.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -144.0%**. Return on all capital, debt included, is -144.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.1%**. Each dollar of assets produces 0.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 72.8%** (5-yr 22.0%/yr). Revenue grew 72.8% over the last year, against 22.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 452.5%** (3-yr -10.5%/yr, 5-yr 8.5%/yr). Earnings per share rose 452.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 54.6%/yr**. Free cash flow has compounded at 54.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 2.2 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: 3.46%** (0p per share, trailing). Quilter plc yields 3.46%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 70%** (1% of free cash flow). 70% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 3.4%/yr** (1-yr 14.8%). The dividend has grown 3.4% a year over five years.
- **Shareholder yield: 4.7%**. Dividends plus net buybacks return 4.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 20.9%** (YTD 2.0%, 3-mo -2.4%). The shares are up 20.9% over twelve months including dividends.
- **From 52-week high: -11.1%** (20.5% above the low). Trading 11% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 1.06** (volatility 26%). Beta of 1.06 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.