IntegraFin Holdings PLC (GB:IHP)
LSE:IHP
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IntegraFin Holdings PLC
(LSE:IHP)
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Rating:72Outperform
Price Target:
347.00 p
▲(9.64% Upside)
Action:UpgradedDate: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 fee-based platform model
IntegraFin’s Transact platform earns primarily recurring basis-point fees tied to assets under administration. This creates predictable, high-margin revenue that scales with AUM, supports cash generation and dividends, and aligns incentives with adviser retention and long-term client asset growth.
Negative Factors
Platform revenue margin attrition
Structural tiered pricing and pricing mix shifts are causing gradual margin erosion on core platform fees. Even with AUM growth, slower revenue margin trends reduce operating leverage and limit the upside to operating margins and earnings growth unless offset by material cost reductions or price repositioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based platform model
IntegraFin’s Transact platform earns primarily recurring basis-point fees tied to assets under administration. This creates predictable, high-margin revenue that scales with AUM, supports cash generation and dividends, and aligns incentives with adviser retention and long-term client asset growth.
Read all positive factors
IntegraFin Holdings PLC (IHP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.04B
Dividend Yield3.11%
Average Volume (3M)630.58K
Price to Earnings (P/E)22.3
Beta (1Y)1.24
Revenue Growth7.13%
EPS Growth-1.52%
CountryUK
Employees666
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.09
Shares Outstanding331,322,020
10 Day Avg. Volume950,635
30 Day Avg. Volume630,575
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.10
Price to Sales (P/S)5.78
P/FCF Ratio3.41
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)0.2
Revenue Forecast (FY)£175.66M
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 finan...
How the Company Makes Money
IntegraFin primarily makes money through fees generated by its Transact investment platform. The core revenue stream is recurring platform fee income that is linked to the value of client assets administered on the platform (assets under direction...
IntegraFin Holdings PLC Earnings Call Summary
Earnings Call Date:Dec 17, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 21, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong growth in net inflows, revenue, and earnings, along with a significant dividend increase. The company demonstrated effective cost management and technological advancements. However, challenges include non-underlying expenses, revenue margin attrition, and increased administrative costs. Despite these issues, the positive aspects, particularly in growth and efficiency improvements, outweigh the negatives.Positive Updates
Impressive Net Inflows
IntegraFin attracted net inflows of GBP 4.4 billion, up 76% from FY '24, driven by record gross inflows and technological enhancements.
Negative Updates
Non-Underlying Expenses
Non-underlying expenses totaled GBP 9.2 million, including a GBP 7.5 million impairment of goodwill related to T4A.
Read all updates
Q4-2025 Updates
Positive
Negative
Impressive Net Inflows
IntegraFin attracted net inflows of GBP 4.4 billion, up 76% from FY '24, driven by record gross inflows and technological enhancements.
Read all positive updates
Company Guidance
During the fiscal year 2025 full-year results presentation, IntegraFin provided comprehensive guidance on their financial and operational performance. The company reported net inflows of GBP 4.4 billion, a 76% increase from FY '24, driven by record gross inflows of GBP 10.1 billion. Average daily funds under direction (FUD) grew 14% year-on-year, reaching GBP 67.9 billion. Revenue increased by 8% to GBP 156.8 million, while underlying earnings per share rose 7% to 17.4p. The company completed a cost and efficiency review, identifying GBP 4 million in annualized savings by FY '27, with underlying administrative expenses expected to grow at 3% per year in FY '26 and FY '27. Total dividends were raised by 9% to 11.3p per share. Looking forward, IntegraFin intends to sustain technology investments and enhance platform efficiencies to drive future earnings growth. They aim to maintain a platform revenue margin with a slight decrease expected due to tiered pricing structures. The company remains focused on organic growth, leveraging its market-leading Transact platform, and continues to explore inorganic opportunities for technology enhancements.IntegraFin Holdings PLC Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| 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
Neutral
316.50
Price Trends
324.64
Negative
332.94
Negative
336.83
Negative
Market Momentum
-4.23
Negative
49.59
Neutral
74.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IHP, the sentiment is Neutral. The current price of 316.5 is above the 20-day moving average (MA) of 310.75, below the 50-day MA of 324.64, and below the 200-day MA of 336.83, indicating a neutral trend. The MACD of -4.23 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 74.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IHP.
IntegraFin Holdings PLC Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £2.40B | 20.62 | 8.35% | 3.40% | -28.04% | -102.43% | |
72 Outperform | £1.04B | 22.35 | 23.86% | 3.11% | 7.13% | -1.52% | |
72 Outperform | £210.75M | 13.32 | 7.58% | 5.14% | -13.29% | 63.87% | |
70 Outperform | £2.09B | 17.89 | 4.75% | 4.91% | 14.05% | -3.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £2.21B | 52.21 | -3.61% | 1.03% | 16.90% | -165.00% | |
65 Neutral | £1.92B | 10.20 | 49.89% | 2.43% | 17.97% | 25.51% |
* Financial Sector Average
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IntegraFin Holdings PLC Corporate Events
Executive/Board ChangesRegulatory Filings and Compliance
IntegraFin boosts board equity stakes through share incentive allocations
Positive
Mar 24, 2026
IntegraFin Holdings plc has disclosed that the trustee of its 2018 Share Incentive Plan has acquired ordinary shares on the market at £3.035 each and allocated them to senior executives, including CEO Alexander Scott, executive director Thoma...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresShareholder Meetings
IntegraFin Investors Back All AGM Resolutions, Bolstering Governance and Capital Flexibility
Positive
Feb 27, 2026
IntegraFin Holdings PLC reported that all resolutions at its 26 February 2026 annual general meeting were approved by shareholders via poll, including acceptance of the 2025 annual report and financial statements and a strong majority endorsement ...
Executive/Board ChangesRegulatory Filings and Compliance
IntegraFin Awards Senior Executives Shares Under 2018 Incentive Plan
Positive
Feb 24, 2026
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, exe...
Regulatory Filings and Compliance
IntegraFin Reports Share Purchase by Associate of CFO
Positive
Feb 12, 2026
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 Financ...
DividendsRegulatory Filings and Compliance
IntegraFin CEO Receives Shares via Dividend Reinvestment Under Incentive Plan
Neutral
Feb 2, 2026
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 ...
Executive/Board ChangesRegulatory Filings and Compliance
IntegraFin Awards Share Incentive Plan Shares to Senior Executives
Neutral
Jan 22, 2026
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...
Other
IntegraFin Executives and Associated Party Increase Holdings Through Share Plan Awards and Market Purchases
Positive
Jan 13, 2026
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 apie...
Business Operations and StrategyFinancial Disclosures
IntegraFin posts record assets and inflows as Transact shrugs off UK Budget jitters
Positive
Jan 13, 2026
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 av...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
IntegraFin Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Jan 9, 2026
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...
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.