# XPS Pensions Group plc (XPS.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price 313p, market value 634 millionp.

## Valuation
- **P/E (trailing): 26.0×** (5-yr avg 2198.5×, 3-yr avg 2005.9×). XPS Pensions Group plc trades at 26.0× trailing earnings, well below its own five-year average of 2198.5×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 12.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.3×**. Each dollar of revenue is priced at 1.3×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.5×**. Enterprise value is 5.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.8%** (5-yr avg 0.1%). Free cash flow equals 13.8% 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: 3.8%**. The inverse of the P/E: 3.8% of the price is earned each year.

## Profitability
- **Gross margin: 74.7%**. XPS Pensions Group plc keeps 74.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 19.9%**. 19.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.1%**. 10.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.2%**. 15.2% on shareholders' equity is solid.
- **Return on invested capital: 29.8%**. Return on all capital, debt included, is 29.8%: comfortably above what that capital costs.
- **Return on assets: 17.3%**. Each dollar of assets produces 17.3% of profit.

## Growth
- **Revenue growth (1 yr): 13.3%** (3-yr 16.3%/yr, 5-yr 15.5%/yr). Revenue grew 13.3% over the last year, against 15.5% a year compounded over five years.
- **EPS growth (1 yr): -14.3%** (3-yr 17.9%/yr, 5-yr 23.0%/yr). Earnings per share fell 14.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 23.7%/yr**. Free cash flow has compounded at 23.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.1×**. Operating profit covers interest 12.1× over, a safe margin.
- **Current ratio: 27.13** (quick 27.13). Current assets cover the next year's liabilities 27.13 times.
- **Altman Z-score: 4.84**. A Z-score of 4.84 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 4.18%** (0p per share, trailing). XPS Pensions Group plc yields 4.18%, an income-level yield.
- **Payout ratio: 94%** (53% of free cash flow). 94% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 12.5%/yr** (1-yr 19.0%). The dividend has compounded at 12.5% a year over five years, doubling roughly every 6 years at that pace.
- **Shareholder yield: 9.9%**. Dividends plus net buybacks return 9.9% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (9 analysts). 9 analysts cover XPS Pensions Group plc; the consensus is strong_buy, with an average price target of 446p (+43% 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): -8.8%** (YTD -6.9%, 3-mo 0.5%). The shares are down 8.8% over twelve months including dividends.
- **From 52-week high: -15.2%** (13.6% above the low). Trading 15% 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): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.84** (volatility 25%). 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=XPS.L · Page: https://foliofundamentals.com/stocks/xps.l

Not investment advice.