IntegraFin Holdings PLC (IHP) AI Stock Analysis

• Market Cap: £1.03B
• Dividend Yield: 3.11%
• Average Volume (3M): 630.58K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 1.48
• Revenue Growth: 7.13%
• EPS Growth: -1.52%
• Country: UK
• Employees: 666
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.09
• Shares Outstanding: 331,322,020
• 10 Day Avg. Volume: 950,635
• 30 Day Avg. Volume: 630,575
• PEG Ratio: 0.00
• Price to Book (P/B): 5.10
• Price to Sales (P/S): 5.78
• P/FCF Ratio: 3.41
• 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: £445.00
• Price Target Upside: 41.05% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.2
• Revenue Forecast (FY): £175.47M

• Rating: 72 Outperform
• Price Target: 347.00p ▲(9.98% Upside)
• Action: Upgraded Date: 12/22/25
• Date: Action: Upgraded 12/22/25

IntegraFin Holdings PLC shows strong financial performance with robust revenue growth and profitability, supported by a solid balance sheet. The technical indicators suggest a positive trend, and the earnings call provided optimistic guidance with strong growth in net inflows and earnings. However, the valuation indicates potential overvaluation, and operational efficiency needs improvement. Overall, the stock presents a stable investment with growth potential, but attention to operational challenges is necessary.

Positive Factors

Recurring AUA-based fee model

IntegraFin’s Transact platform earns recurring fees tied to AUA, aligning revenue with client asset growth. Adviser partnerships and digital wealth trends support durable, predictable fee income and scalable operating leverage as assets and transaction volumes expand over time.

Strong net inflows and FUD growth

Substantial net inflows and rising funds under direction demonstrate successful client acquisition and retention. Sustained organic inflows increase AUA, underpin future fee revenue growth and amplify platform scale benefits, reducing reliance on volatile market returns for revenue expansion.

Conservative balance sheet & strong cash conversion

Very low leverage and high cash conversion provide financial flexibility to fund technology investment, dividends and targeted M&A. Strong ROE (22.81%) and resilient operating cashflows improve resilience to shocks and support sustained reinvestment in platform capabilities.

Negative Factors

Platform revenue margin attrition

Gradual margin compression from tiered pricing reduces revenue per asset, pressuring long-term profitability unless offset by further scale, higher AUA growth or cost reduction. Persistent margin erosion could constrain underlying earnings growth over the next several years.

Declining EBIT and EBITDA margins

Operating margin deterioration signals weakening operational efficiency or rising costs. Negative EBITDA/EBIT margins undermine core profitability and increase dependence on non-operating items or one-offs to sustain net profit, threatening durable earnings quality.

Rising admin costs and goodwill impairment

Higher underlying admin and employee costs reduce operating leverage, while large goodwill impairment highlights acquisition/integration risks. Together they can weaken free cash flow and limit capacity to invest or raise dividends absent sustained margin recovery.

IntegraFin Holdings PLC Business Overview & Revenue Model

Company Description

IntegraFin Holdings plc, together with its subsidiaries, provides an investment platform for UK financial advisers and their clients. The company operates Transact platform that delivers an infrastructure, which enables advisers to implement financial plans, as well as provides real-time day-to-day and technical support services, as well as enables advisers to simplify management of the complex investment needs of clients. It also provides personal service to advisers and their clients; offers access to approximately 8,000 funds and assets listed on stock markets; and provides access to report and analysis tools, investment portfolio management, lifetime cash flow modelling, and other services. In addition, the company offers software development and maintenance; life insurance and assurance; consultancy; financial planning software; and investment administration services. IntegraFin Holdings plc was founded in 1999 and is headquartered in London, the United Kingdom.

How the Company Makes Money

IntegraFin Holdings generates revenue primarily through platform fees charged to financial advisers and their clients for the use of its investment platform. These fees can include annual management fees, transaction fees, and other service-related charges. Additionally, the company may earn income from the administration of assets held on its platform, as well as from any ancillary services offered to advisers and clients. IntegraFin's revenue model is supported by a growing number of adviser partnerships, which enhance its market presence and customer base. The company's financial performance is also influenced by factors such as asset inflows, market conditions, and the overall growth of the investment platform industry.

IntegraFin Holdings PLC Financial Statement Overview

Summary

IntegraFin Holdings PLC demonstrates strong revenue growth and profitability, supported by a robust balance sheet with low leverage. However, operational challenges are evident in declining EBIT and EBITDA margins. The company maintains strong cash flow generation, ensuring liquidity and financial flexibility. Overall, the financial health is stable, but attention is needed on operational efficiency.

Income Statement

IntegraFin Holdings PLC shows strong revenue growth with a 22.41% increase in the latest year, indicating robust business expansion. However, the company has experienced a significant decline in EBIT and EBITDA margins, turning negative, which suggests operational inefficiencies or increased costs. Despite this, the net profit margin remains healthy at 25.87%, supported by a substantial gross profit margin of 96.82%.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.06, indicating conservative leverage and financial stability. Return on equity is strong at 22.81%, reflecting effective use of equity to generate profits. However, the equity ratio is low, suggesting a high proportion of assets are financed by liabilities.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth, but the company maintains a high operating cash flow to net income ratio of 7.88, indicating strong cash generation relative to earnings. The free cash flow to net income ratio is nearly 1, showing efficient conversion of earnings into cash.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	198.30M	144.90M	134.90M	133.60M	123.70M
Gross Profit	189.10M	141.90M	131.00M	90.00M	150.62M
EBITDA	-191.40M	110.10M	-153.70M	-130.50M	97.90M
Net Income	51.30M	52.10M	49.90M	44.00M	51.10M
Balance Sheet
Total Assets	34.08B	29.16B	24.71B	22.43B	23.29B
Cash, Cash Equivalents and Short-Term Investments	268.40M	200.70M	200.30M	186.10M	1.45B
Total Debt	20.00M	9.40M	1.10M	2.80M	7.36M
Total Liabilities	33.85B	28.95B	24.52B	22.26B	23.12B
Stockholders Equity	224.90M	208.30M	189.90M	173.20M	163.27M
Cash Flow
Free Cash Flow	335.90M	276.30M	6.50M	235.90M	-56.90M
Operating Cash Flow	340.50M	277.20M	7.20M	236.30M	-56.24M
Investing Cash Flow	-28.40M	29.40M	-14.40M	400.00K	-9.35M
Financing Cash Flow	-39.90M	-36.80M	-37.10M	-37.90M	-31.73M

IntegraFin Holdings PLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 315.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IHP, the sentiment is Negative. The current price of 315.5 is below the 20-day moving average (MA) of 324.63, below the 50-day MA of 340.58, and below the 200-day MA of 336.35, indicating a bearish trend. The MACD of -8.24 indicates Positive momentum. The RSI at 39.50 is Neutral, neither overbought nor oversold. The STOCH value of 44.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IHP.

IntegraFin Holdings PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IHP	72 Outperform	£1.03B	22.35	23.68%	3.11%	7.13%	-1.52%
BRK	72 Outperform	£240.86M	13.32	7.58%	5.14%	-13.29%	63.87%
RAT	70 Outperform	£2.20B	17.89	4.75%	4.91%	14.05%	-3.07%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JTC	67 Neutral	£2.20B	52.21	-3.66%	1.03%	16.90%	-165.00%
QLT	66 Neutral	£2.45B	11.89	-0.05%	3.40%	-28.04%	-102.43%
AJB	65 Neutral	£1.77B	21.09	49.89%	2.43%	17.97%	25.51%

IntegraFin Holdings PLC Corporate Events

IntegraFin Awards Senior Executives Shares Under 2018 Incentive Plan

IntegraFin Holdings plc has reported routine share dealings under its 2018 Share Incentive Plan, with the scheme’s trustee acquiring ordinary shares on the market and allocating them to senior management. Chief executive Alexander Scott, executive director Thomas Dunbar and chief financial officer Euan Marshall each received 47 partnership shares and 94 matching shares at £3.18 per share, underscoring continued equity-based alignment between the board and shareholders.

The transactions, executed on the London Stock Exchange on 23 February and disclosed under UK Market Abuse Regulation, modestly increase the direct share interests of IntegraFin’s top executives. While limited in scale, these awards signal ongoing use of share schemes to retain and incentivise key leaders in a competitive UK wealth-platform sector, providing incremental reassurance to investors about management’s stake in the company’s long-term performance.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £348.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Reports Share Purchase by Associate of CFO

IntegraFin Holdings plc disclosed a share transaction involving a person closely associated with a senior executive, in line with EU Market Abuse Regulation reporting requirements. Elisabeth Grey-Davies, who is closely associated with Chief Financial Officer Euan Marshall, purchased 4,000 ordinary shares in the company at £3.3909 per share on 12 February 2026 on the London Stock Exchange.

The disclosed dealing highlights internal confidence and maintains transparency for investors by formally recording insider-related share purchases. Such notifications are part of the company’s regulatory obligations and provide stakeholders with visibility into dealings by individuals connected to key management.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin CEO Receives Shares via Dividend Reinvestment Under Incentive Plan

IntegraFin Holdings plc disclosed that its CEO, Alexander Scott, received an allocation of 413 ordinary shares through the company’s Share Incentive Plan, acquired via market purchase at £3.56 per share. The shares were purchased under the plan’s dividend reinvestment scheme, using the December 2025 interim dividend, underscoring IntegraFin’s ongoing use of equity-based incentives and adherence to EU Market Abuse Regulation disclosure requirements for senior management dealings in company stock.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Awards Share Incentive Plan Shares to Senior Executives

IntegraFin Holdings has disclosed that its share incentive plan trustee has acquired ordinary shares on the market at £3.49 each and allocated them to three senior executives: CEO Alexander Scott, Executive Director Thomas Dunbar and CFO Euan Marshall. Each received 43 partnership shares and 86 matching shares under the IntegraFin Share Incentive Plan 2018, a routine remuneration-related transaction that modestly increases direct equity participation by top management and is being reported in line with UK Market Abuse Regulation requirements.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Executives and Associated Party Increase Holdings Through Share Plan Awards and Market Purchases

IntegraFin Holdings plc has allocated 1,019 ordinary shares each to CEO Alexander Scott, executive Thomas Dunbar and CFO Euan Marshall under its 2018 Share Incentive/Performance Share Plan, with the shares acquired in the market at £3.53 apiece. In separate transactions notified under EU Market Abuse Regulation rules, CFO Euan Marshall purchased an additional 4,500 shares at £3.4997 per share, while a person closely associated with him, Elisabeth Grey-Davies, also bought 4,500 shares at £3.497, underscoring continued insider participation in the company’s equity and signalling alignment of senior management and related parties with shareholder value.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin posts record assets and inflows as Transact shrugs off UK Budget jitters

IntegraFin Holdings plc reported a strong start to its 2026 financial year, with Transact delivering net inflows of £1.0bn in the first quarter, up 11% year-on-year, and driving record funds under direction of £77.2bn alongside record average daily FUD of £76.1bn. Despite heightened inflows and outflows around the UK Autumn Budget due to pension-related activity, flows have normalised, and management reiterated cost guidance of roughly 3% annual growth in underlying administrative expenses for FY26 and FY27, stressing that a combination of robust revenue growth, ongoing digital improvements, and cost-efficiency initiatives should support accelerated earnings growth and reinforce Transact’s strong share of the adviser platform market.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Publishes 2025 Annual Report and Sets Date for 2026 AGM

IntegraFin Holdings plc has published its Annual Report and Financial Statements for the year ended 30 September 2025, together with the Notice of its 2026 Annual General Meeting (AGM) and Form of Proxy, which have been posted to shareholders. The AGM will take place on 26 February 2026 in London, and the key documents have been submitted to the UK Listing Authority’s National Storage Mechanism and made available on the company’s website, reinforcing regulatory transparency and providing investors with full access to the group’s latest financial and governance information ahead of the meeting.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £394.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Aligns Executives With Investors Through New Share Incentive Awards

IntegraFin Holdings has disclosed a series of management share transactions under its employee and executive incentive arrangements, with CEO Alexander Scott, CFO Euan Marshall and subsidiary executive director Thomas Dunbar receiving partnership and matching shares through the company’s Share Incentive Plan at £3.55 per share. In addition, the board has granted sizeable new conditional share awards for FY26 under its Combined Incentive Plan and confirmed the final share outturn for FY25 awards after assessing performance conditions, moves that further align senior executives’ remuneration with shareholder interests and reinforce the group’s commitment to performance‑linked, equity-based pay structures.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £394.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Non-Executive Director Rita Dhut Buys Shares in the Company

IntegraFin Holdings plc has disclosed that non-executive director Rita Dhut purchased 5,570 ordinary shares in the company on 19 December 2025 at a price of £3.565 per share. The transaction, conducted on the London Stock Exchange and notified under EU Market Abuse Regulation rules, modestly increases insider ownership and offers investors additional transparency into board members’ confidence in the company’s prospects.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £450.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin CFO Euan Marshall Buys Additional Shares in the Company

IntegraFin Holdings plc disclosed that its chief financial officer, Euan Marshall, purchased 6,000 ordinary shares in the company on 18 December 2025 at a price of £3.541 per share. The transaction, carried out on the London Stock Exchange and notified under EU Market Abuse Regulation rules, signals additional equity exposure by a senior executive and provides investors with transparent insight into board-level share dealings.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £440.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.

IntegraFin Holdings PLC Reports Strong Financial Growth in FY25

IntegraFin Holdings PLC reported strong financial results for the year ending September 2025, with a 7% increase in underlying profit before tax to £75.4 million and a 7% rise in underlying earnings per share to 17.4p. The company completed a cost review, identifying efficiency improvements to accelerate future earnings growth. The Transact platform saw a 16% growth in funds under direction to £74.2 billion, driven by significant net inflows and a 5% increase in its client base. The company is well-positioned to capture further market share in the UK adviser platform market, supported by its focus on digitalization and integration enhancements.

The most recent analyst rating on (GB:IHP) stock is a Buy with a £440.00 price target. To see the full list of analyst forecasts on IntegraFin Holdings PLC stock, see the GB:IHP Stock Forecast page.