Admiral (ADM) AI Stock Analysis

• Market Cap: £9.81B
• Dividend Yield: 7.25%
• Average Volume (3M): 732.91K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.46
• Revenue Growth: 22.62%
• EPS Growth: 106.27%
• Country: UK
• Employees: 15,432
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 1.32
• Shares Outstanding: 306,304,700
• 10 Day Avg. Volume: 836,600
• 30 Day Avg. Volume: 732,911
• PEG Ratio: 0.13
• Price to Book (P/B): 5.91
• Price to Sales (P/S): 1.54
• P/FCF Ratio: 36.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £3,698.63
• Price Target Upside: 13.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: 3,735.00p ▲(14.92% Upside)

Admiral's strong financial performance and impressive earnings call results are the primary drivers of its overall score. The company's robust profitability, strategic growth, and technological advancements are significant strengths. However, technical indicators suggest potential short-term weakness, and there are some risks in specific market segments.

Admiral Business Overview & Revenue Model

Company Description

Admiral Group plc (ADM) is a UK-based financial services company specializing in insurance and financial products. Established in 1993, the company primarily operates in the motor, home, travel, and pet insurance sectors. Admiral is known for its direct-to-consumer model, offering a range of insurance products through its online platform and call centers. The company also provides additional services including car finance and comparison services for insurance products, making it a comprehensive player in the insurance market.

How the Company Makes Money

Admiral generates revenue primarily through its insurance premiums, which are collected from policyholders across its various insurance products. The company utilizes a direct-to-consumer model, allowing it to minimize costs associated with intermediaries. Key revenue streams include motor insurance, home insurance, and travel insurance, with motor insurance being the most significant contributor. Additionally, Admiral earns income from ancillary services such as financial services and comparison tools. The company has also established partnerships with various automotive and financial institutions, enhancing its product offerings and customer reach. Furthermore, Admiral benefits from investment income derived from its reserves, which contributes to overall profitability.

Admiral Financial Statement Overview

Summary

Admiral has shown strong revenue growth and robust profitability metrics. Despite a zero EBIT margin in 2024, the company maintains a healthy EBITDA margin and improved net profit margin. The balance sheet reflects improved leverage and strong return on equity, while cash flow statements show positive cash generation with room for improvement.

Income Statement

Admiral has demonstrated strong revenue growth with a noticeable increase from £1.22 billion in 2019 to £4.87 billion in 2024. The gross profit margin remains robust at over 98% for 2024, indicating efficient cost management and strong profitability. However, the EBIT margin for 2024 is 0%, which is concerning, though the EBITDA margin remains healthy at 19.56%. The net profit margin has improved significantly to 13.63% in 2024, showing enhanced profitability.

Balance Sheet

The company's debt-to-equity ratio has improved over the years, standing at 1.02 in 2024, reflecting a balanced leverage. The equity ratio is at 17.24%, suggesting moderate stability with some room for improvement. Return on equity is strong at 48.41%, indicating effective use of shareholders' equity to generate profits.

Cash Flow

Admiral's free cash flow growth rate from 2023 to 2024 is 10.69%, reflecting positive cash generation. The operating cash flow to net income ratio is 0.56 for 2024, showing reasonable cash flow efficiency. The free cash flow to net income ratio stands at 0.34, which indicates decent free cash flow relative to net income but suggests potential for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.12B	5.27B	3.55B	1.52B	1.56B	1.30B
Gross Profit	5.12B	4.81B	3.51B	1.52B	1.56B	1.30B
EBITDA	1.12B	924.70M	501.50M	403.10M	776.20M	830.00M
Net Income	826.90M	663.30M	338.00M	286.50M	593.50M	528.80M
Balance Sheet
Total Assets	8.63B	7.94B	7.10B	6.22B	6.18B	5.76B
Cash, Cash Equivalents and Short-Term Investments	0.00	3.60B	3.14B	297.00M	372.70M	272.50M
Total Debt	1.31B	1.39B	1.21B	1.03B	776.20M	611.40M
Total Liabilities	7.20B	6.57B	6.10B	5.27B	4.78B	4.64B
Stockholders Equity	1.44B	1.37B	991.80M	954.20M	1.41B	1.11B
Cash Flow
Free Cash Flow	288.30M	224.80M	203.10M	210.90M	468.30M	732.60M
Operating Cash Flow	349.70M	369.00M	279.00M	309.50M	537.50M	775.70M
Investing Cash Flow	-726.20M	-144.20M	-75.90M	29.30M	74.70M	-226.80M
Financing Cash Flow	-266.80M	-257.90M	-171.80M	-399.70M	-544.60M	-481.30M

Admiral Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3250.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ADM, the sentiment is Neutral. The current price of 3250 is below the 20-day moving average (MA) of 3267.60, below the 50-day MA of 3295.82, and above the 200-day MA of 3098.48, indicating a neutral trend. The MACD of -18.89 indicates Positive momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 45.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ADM.

Admiral Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LRE	82 Outperform	£1.58B	8.77	15.18%	11.31%	8.78%	-38.83%
BEZ	81 Outperform	£5.29B	7.50	22.59%	2.78%	6.00%	-24.29%
ADM	78 Outperform	£9.81B	11.86	65.36%	7.25%	22.62%	106.27%
AV	73 Outperform	£20.20B	29.81	10.13%	6.07%	-19.71%	-53.86%
HSX	71 Outperform	£4.54B	10.17	16.60%	1.97%	1.12%	-18.14%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DLG	66 Neutral	―	―	―	―	26.11%	-29.43%

Admiral Corporate Events

Admiral Group Announces Share Acquisitions by Director and Associate

Admiral Group plc announced transactions involving the acquisition of ordinary shares by Michael Brierley, a Non-Executive Director, and Rachel Brierley, his wife. These transactions were part of a dividend reinvestment trading plan and took place on the London Stock Exchange. The acquisitions reflect ongoing engagement by company insiders with Admiral’s financial instruments, potentially indicating confidence in the company’s future performance.

The most recent analyst rating on (GB:ADM) stock is a Buy with a £3863.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral Group Director Acquires Shares in Dividend Reinvestment Plan

Admiral Group plc announced a transaction involving the acquisition of ordinary shares by Non-Executive Director William Roberts. The shares were acquired through a dividend reinvestment trading plan on the New York Stock Exchange, reflecting the company’s ongoing commitment to shareholder value and engagement.

The most recent analyst rating on (GB:ADM) stock is a Buy with a £3863.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral CFO Acquires Shares Under Dividend Reinvestment Plan

Admiral Group plc announced that its Chief Financial Officer, Geraint Jones, has acquired ordinary shares under the company’s dividend reinvestment plan. This transaction, conducted on the London Stock Exchange, reflects the ongoing engagement of senior management with the company’s equity, potentially indicating confidence in Admiral’s future performance.

The most recent analyst rating on (GB:ADM) stock is a Buy with a £3824.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral Group Announces Share Vesting for Key Executives

Admiral Group plc announced the vesting of shares under its Discretionary Free Share Scheme for several key executives, including the CEO, CFO, and other directors. The shares were subject to performance conditions from January 2022 to December 2024, with a portion of the vested shares sold to cover personal tax and national insurance liabilities. This transaction highlights the company’s commitment to rewarding its leadership team based on performance, potentially impacting stakeholder perception positively.

The most recent analyst rating on (GB:ADM) stock is a Buy with a £3824.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral Group Reports Record Profits and Growth

Admiral Group plc’s latest earnings call revealed a positive sentiment, highlighting a robust financial performance with record profits and significant growth in its customer base. The company showcased strong performance across multiple segments, including U.K. Motor and European operations, despite facing challenges in Italy and potential risks in Household insurance. Strategic advancements and technological improvements were emphasized as key drivers for future growth.

Admiral Group Announces Share Vesting for International Managers

Admiral Group plc announced the vesting of 81 ordinary shares under a Share Incentive Plan for international managers, involving Costantino Moretti, Head of International Insurance. This transaction, conducted on the London Stock Exchange, reflects Admiral’s ongoing commitment to incentivizing its managerial staff, potentially impacting its operational dynamics and stakeholder interests.

The most recent analyst rating on (GB:ADM) stock is a Buy with a £4100.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral Group Chair Acquires Shares in Strategic Move

Admiral Group plc has announced a transaction involving Mike Rogers, the Chair and a person discharging managerial responsibilities, who acquired ordinary shares of the company. This acquisition, conducted on the London Stock Exchange, reflects a strategic move under a Share Acquisition Agreement, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (GB:ADM) stock is a Sell with a £2300.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.

Admiral Group Reports Strong H1 2025 Results with 69% Profit Increase

Admiral Group reported a strong performance in the first half of 2025, with a 69% increase in pre-tax profit from continuing operations, reaching £521 million. The company saw a 10% rise in customer numbers, driven by growth in UK insurance, particularly in the motor and household sectors. Despite a slight reduction in European customer numbers, Admiral’s strategic focus on pricing and service quality contributed to improved profitability. The company also announced the sale of its US motor insurance business, Elephant, to J.C. Flowers & Co., expected to close in Q4 2025. Admiral’s interim dividend increased to 115.0 pence per share, reflecting its robust financial performance and commitment to shareholder returns.

The most recent analyst rating on (GB:ADM) stock is a Sell with a £2300.00 price target. To see the full list of analyst forecasts on Admiral stock, see the GB:ADM Stock Forecast page.