B.P. Marsh & Partners PLC (GB:BPM)
LSE:BPM
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B.P. Marsh & Partners plc
(LSE:BPM)
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Rating:78Outperform
Price Target:
787.00 p
▲(14.89% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by very attractive valuation (low P/E and a 3.06% yield) and a strong, low-debt balance sheet. Offsetting these positives are uneven cash flow conversion and an overbought technical setup (RSI 83.1) despite a clear uptrend.
Positive Factors
Conservative balance sheet
Low leverage and a materially larger equity base provide durable financial flexibility. Over 2-6 months this conservatism supports the company’s ability to fund follow‑on investments, weather portfolio valuation swings, and pursue opportunistic exits without liquidity strain.
Negative Factors
Inconsistent cash generation
Repeated negative operating and free cash flows create uncertainty about the firm’s ability to convert reported gains into cash. This undermines reliable funding for dividends, follow‑on investments, or fees without selling assets or raising capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a materially larger equity base provide durable financial flexibility. Over 2-6 months this conservatism supports the company’s ability to fund follow‑on investments, weather portfolio valuation swings, and pursue opportunistic exits without liquidity strain.
Read all positive factors
B.P. Marsh & Partners plc (BPM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£246.71M
Dividend Yield3.21%
Average Volume (3M)49.81K
Price to Earnings (P/E)5.2
Beta (1Y)0.25
Revenue Growth19.87%
EPS Growth-50.88%
CountryUK
Employees16
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.32
Shares Outstanding36,006,000
10 Day Avg. Volume47,403
30 Day Avg. Volume49,809
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.68
Price to Sales (P/S)8.13
P/FCF Ratio-84.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.79
Revenue Forecast (FY)£78.20M
B.P. Marsh & Partners plc Business Overview & Revenue Model
Company Description
Established in London in 1990, B.P. Marsh & Partners PLC operates within the financial services sector by offering consulting, engaging in investment activities, and trading assets. The company strategically concentrates its investments on interme...
How the Company Makes Money
BPM makes money primarily through returns on its investment portfolio in insurance and financial services businesses. Its key earnings sources include: (1) Investment gains on exits: realizing profits when it sells all or part of an investee compa...
B.P. Marsh & Partners plc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.05M | 118.43M | 51.48M | 32.45M | 23.05M |
| Gross Profit | 29.85M | 118.40M | 7.43M | 32.45M | 23.05M |
| EBITDA | 49.29M | 104.69M | 43.48M | 27.68M | 19.76M |
| Net Income | 48.22M | 99.50M | 42.53M | 23.84M | 17.48M |
Balance Sheet | |||||
| Total Assets | 375.82M | 340.88M | 238.30M | 197.77M | 171.11M |
| Cash, Cash Equivalents and Short-Term Investments | 49.48M | 74.14M | 40.51M | 11.56M | 8.63M |
| Total Debt | 218.00K | 412.00K | 596.00K | 771.00K | 939.00K |
| Total Liabilities | 15.66M | 14.47M | 9.13M | 8.23M | 4.51M |
| Stockholders Equity | 360.16M | 326.41M | 229.17M | 189.54M | 166.61M |
Cash Flow | |||||
| Free Cash Flow | -2.90M | 33.43M | -18.72M | -646.00K | 17.48M |
| Operating Cash Flow | -2.66M | 33.49M | -18.70M | -635.00K | 17.48M |
| Investing Cash Flow | -6.83M | 25.00K | 50.87M | -515.00K | -6.00K |
| Financing Cash Flow | -15.18M | 190.00K | -3.21M | -1.23M | -2.12M |
B.P. Marsh & Partners plc Technical Analysis
Positive
685.00
Price Trends
677.88
Positive
663.08
Positive
656.36
Positive
Market Momentum
7.61
Negative
75.86
Negative
57.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BPM, the sentiment is Positive. The current price of 685 is below the 20-day moving average (MA) of 690.65, above the 50-day MA of 677.88, and above the 200-day MA of 656.36, indicating a bullish trend. The MACD of 7.61 indicates Negative momentum. The RSI at 75.86 is Negative, neither overbought nor oversold. The STOCH value of 57.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BPM.
B.P. Marsh & Partners plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | £214.46M | 13.34 | 12.32% | 8.15% | 0.66% | 11.49% | |
78 Outperform | £246.71M | 5.23 | 13.59% | 3.21% | 19.87% | -50.88% | |
72 Outperform | £200.72M | 30.32 | 4.43% | 5.14% | 1.02% | -62.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £124.75M | 37.91 | 1.79% | 3.29% | -9.37% | ― | |
64 Neutral | £118.57M | 9.09 | 11.90% | 17.93% | -22.86% | -56.06% | |
64 Neutral | £183.67M | 15.14 | 10.12% | 21.31% | -15.65% | -12.27% |
* Financial Sector Average
GB:BPM
B.P. Marsh & Partners plc
700.00
50.49
7.77%
GB:BRK
Brooks Macdonald
1,305.00
-251.08
-16.14%
GB:CLIG
City of London Investment
442.00
125.77
39.77%
GB:IPX
Impax Asset Management
98.20
-70.10
-41.65%
GB:LIO
Liontrust Asset Management
305.50
-4.59
-1.48%
GB:MERC
Mercia Asset Management
29.50
-0.56
-1.86%
B.P. Marsh & Partners plc Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial Disclosures
B.P. Marsh lifts NAV and dividends as founder hands chair to Shelley
Positive
May 27, 2026
B.P. Marsh Partners reported another year of robust growth for the 12 months to 31 January 2026, with net asset value rising 10.3% to £360.2m and undiluted NAV per share reaching 1009.9p. The equity portfolio’s valuation climbed 21.4% ...
Business Operations and StrategyExecutive/Board Changes
B.P. Marsh Reshapes Board as Founder Steps Down and New Independent Chair Joins
Positive
May 27, 2026
B.P. Marsh Partners has announced significant board changes, with founder and long-time chairman Brian Marsh OBE stepping down from the board after 35 years and being named Life President. In his new role, he will remain an ambassador to the firm...
Stock BuybackRegulatory Filings and Compliance
B.P. Marsh Buys Back 20,000 Shares, Updates Voting Rights
Positive
May 13, 2026
B.P. Marsh Partners has repurchased 20,000 ordinary shares under its ongoing share buyback programme at a volume-weighted average price of 664.50 pence, with the shares to be held in treasury. The move modestly reduces the free float and can be s...
Business Operations and StrategyFinancial Disclosures
B.P. Marsh Sets Date for 2026 Annual Results and Investor Presentation
Positive
May 6, 2026
B.P. Marsh Partners Plc, the AIM-quoted private equity investor in early-stage financial services intermediaries, will publish its annual results for the year ended 31 January 2026 on 27 May 2026. The company will also host a live online presenta...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
B.P. Marsh Updates Share Count After Latest Buyback
Positive
Apr 24, 2026
B.P. Marsh Partners plc has continued to execute its share buyback programme, purchasing 2,000 ordinary shares at 665 pence each on 24 April 2026, with the shares to be held in treasury. The transaction was conducted on AIMX and forms part of the...
Business Operations and StrategyRegulatory Filings and Compliance
B.P. Marsh boosts staff equity with new SIP awards, updates voting rights
Positive
Apr 20, 2026
B.P. Marsh Partners has allocated 16,512 ordinary shares under its Share Incentive Plan for the 2026-27 tax year, granting 12 eligible employees a mix of free, partnership and matching shares that will give each participant an additional 1,376 sh...
Business Operations and StrategyDividendsFinancial Disclosures
B.P. Marsh Secures Final Paladin Proceeds and Plans Special Dividend
Positive
Apr 16, 2026
B.P. Marsh Partners has received the final £9.5m tranche of deferred consideration from the sale of its stake in Paladin Holdings, taking total proceeds from the disposal to £62.7m and delivering an internal rate of return of 48.7% on a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
B.P. Marsh Tightens Capital Base With New Share Buyback
Positive
Apr 14, 2026
B.P. Marsh Partners has continued its share buyback programme, repurchasing 10,000 ordinary shares at 660 pence each, with the shares placed into treasury rather than being cancelled. This move signals ongoing capital management by the company an...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
B.P. Marsh Boosts Treasury Stock with Further Share Buyback
Positive
Apr 8, 2026
B.P. Marsh Partners has continued its share buyback programme, purchasing 5,000 ordinary shares at 650 pence each, with the shares to be held in treasury rather than cancelled. This transaction reflects the board’s ongoing capital managemen...
Stock BuybackRegulatory Filings and Compliance
B.P. Marsh Updates Voting Rights After Latest Share Buyback
Positive
Apr 8, 2026
B.P. Marsh Partners plc has continued its share buyback programme with the purchase of 5,000 ordinary shares at 650 pence each on 7 April 2026, with the repurchased stock to be held in treasury. Following this transaction, the company’s iss...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
B.P. Marsh lifts stake in fast-growing specialty broker Pantheon to 41%
Positive
Apr 2, 2026
B.P. Marsh Partners has increased its equity stake in London market wholesale insurance broker Pantheon Specialty Group by a further 2%, valuing Pantheon at £275m and lifting its holding to 41%, funded from existing cash reserves. Pantheon, ...
Stock BuybackRegulatory Filings and Compliance
B.P. Marsh Updates Voting Rights After Treasury Share Buyback
Positive
Mar 31, 2026
B.P. Marsh Partners has continued to execute its previously announced share buyback programme, purchasing 10,000 ordinary shares at 642.00 pence each, with the shares to be held in treasury. Following this transaction, the company’s issued ...
Other
B.P. Marsh CEO Dan Topping Increases Stake with £25,000 Share Purchase
Positive
Mar 30, 2026
B.P. Marsh Partners Plc has disclosed that Chief Executive Officer Dan Topping purchased 3,906 ordinary shares at 640p each on 27 March 2026 via his SIPP, for a total consideration of £24,999.90. Following the transaction, Topping’s ag...
Business Operations and StrategyStock Buyback
B.P. Marsh Launches New £2m Share Buyback Programme
Positive
Mar 26, 2026
B.P. Marsh Partners Plc has launched a new share buyback programme of up to £2 million, following the completion of a previous £2 million buyback that repurchased 291,583 shares. The programme will be managed on a non-discretionary basi...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
B.P. Marsh Backs Launch of Nine Edge Wealth With Equity Stake and £5m Facility
Positive
Mar 18, 2026
B.P. Marsh Partners has taken a 30% equity stake in newly formed independent financial advice firm Nine Edge Wealth Limited and extended a £5m loan facility to support its expansion. The move reinforces B.P. Marsh’s strategy of backing...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
B.P. Marsh backs new London energy broker Ventura Risk Partners
Positive
Mar 18, 2026
B.P. Marsh Partners has taken a 25% equity stake in newly formed London-based broker Ventura Risk Partners Holdings, alongside a £2m loan facility, as it continues to back early-stage insurance intermediaries. Ventura will focus on placing e...
Business Operations and StrategyM&A Transactions
B.P. Marsh crystallises Amiga stake as Sodalis accelerates insurance buy-and-build
Positive
Mar 17, 2026
B.P. Marsh Partners has sold its 39.24% stake in Amiga Speciality Holdings, an international specialty underwriting agency, to its portfolio company Sodalis Capital for an initial £706,250 in cash and repayment of a £1.825m loan. The de...
Business Operations and StrategyProduct-Related Announcements
B.P. Marsh Backs Sodalis as It Launches London Cyber Broker Brecon Specialty
Positive
Mar 11, 2026
B.P. Marsh Partners has highlighted progress at portfolio company Sodalis Capital, an insurance intermediary group in which it invested in November 2025 alongside U.S.-based Alliant Insurance Services and Sodalis founder Colin Thompson. Sodalis i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.