Jarvis Securities (JIM) AI Stock Analysis

• Market Cap: £3.47M
• Dividend Yield: 26.13%
• Average Volume (3M): 32.44K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.49
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 54
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 44,731,000
• 10 Day Avg. Volume: 24,070
• 30 Day Avg. Volume: 32,441
• PEG Ratio: -1.55
• Price to Book (P/B): 3.46
• Price to Sales (P/S): 1.78
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 8.00p ▼(-28.89% Downside)

The score is supported by solid underlying financial strength (strong profitability and low leverage) and very low valuation metrics, but is held back materially by very weak technical momentum and cash-flow uncertainty in 2024 (free cash flow reported as zero).

Positive Factors

High profitability and ROE

Consistently high returns on equity indicate Jarvis converts capital into profits efficiently, a durable sign of operational strength. This capital efficiency supports shareholder returns and buffers the business through cycles, provided earnings don’t revert substantially.

Conservative balance sheet with low leverage

Low debt relative to equity gives Jarvis structural financial resilience, reducing default and refinancing risk. This conservative leverage profile supports investment flexibility, preserves credit optionality, and helps the firm withstand market or trading-volume downturns over the medium term.

Fee-based, institutional service model

A business built on recurring execution, clearing and back-office fees creates predictable, sticky revenue from institutional clients. Such structural revenue streams are less cyclical than retail trading churn and support steady cash inflows and long-term client relationships.

Negative Factors

Free cash flow uncertainty in 2024

A reported zero free cash flow in 2024 signals weakened cash conversion or a reporting anomaly, undermining the firm’s ability to self-fund investments, maintain dividends, or build reserves. Persistent FCF volatility raises medium-term financing and operational risk.

Normalized earnings and limited revenue growth

Earnings retreat from prior peaks and a broadly flat top line indicate limited organic growth momentum. Over months, this constrains reinvestment capacity and makes profitability more sensitive to trading volumes and market structure shifts, increasing earnings volatility risk.

Dividend sustainability concerns

An outsized dividend yield, coupled with recent zero FCF, raises structural questions about payout sustainability. If cash generation remains constrained, maintaining elevated distributions could deplete buffers or force balance-sheet adjustments, pressuring long-term financial stability.

Jarvis Securities Business Overview & Revenue Model

Company Description

Jarvis Securities plc, through its subsidiary, Jarvis Investment Management Limited, provides stock broking services to retail and institutional clients in the United Kingdom. The company offers retail execution-only stockbroking services; nominee, certificated, SIPP, and ISA accounts; savings schemes; and outsourced financial administration services to investment firms. It also provides Model B clearing and settlement services. The company was founded in 1984 and is headquartered in Royal Tunbridge Wells, the United Kingdom.

How the Company Makes Money

Jarvis Securities Financial Statement Overview

Summary

Profitable business with strong margins and a conservatively levered balance sheet, but earnings have normalized lower from 2021–2022 peaks and 2024 cash flow visibility is weaker (free cash flow reported as zero), reducing confidence in near-term cash generation.

Income Statement

Revenue has been broadly stable over the past five years (down in 2022, slight growth in 2023, and a modest decline in 2024), indicating a relatively steady but not clearly accelerating top-line trajectory. Profitability remains strong with consistently high operating and net margins, though margins and earnings have trended down from the 2021–2022 peak (net income fell from ~£6.2m in 2021 to ~£3.8m in 2024). Overall, the income statement reflects a profitable business with some recent normalization in earnings power and limited growth momentum.

Balance Sheet

The balance sheet appears conservatively levered, with low debt relative to equity across all periods (debt-to-equity remaining very low). Equity is solid and has improved in 2024 versus 2023, supporting financial resilience. Returns on equity are very high, signaling strong profitability relative to the capital base, though such elevated returns can also be sensitive to earnings swings (as seen in the post-2021 earnings decline). Key risk is less about leverage and more about profitability volatility in the underlying business cycle.

Cash Flow

Operating cash flow has been consistently positive, which supports earnings quality. However, cash generation has weakened over time from the 2021 peak, and free cash flow is a major concern: it was strong through 2023 but is reported as zero in 2024 (with free cash flow growth at -100%), suggesting either a sharp step-down in cash conversion or a data/reporting anomaly versus prior years. Overall, cash flow remains positive at the operating level but shows increased volatility and reduced visibility due to the latest free-cash-flow figure.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.70M	13.09M	12.61M	14.30M	13.34M
Gross Profit	0.00	13.09M	12.61M	14.30M	13.34M
EBITDA	5.23M	6.68M	6.26M	7.79M	7.02M
Net Income	3.83M	3.98M	4.97M	6.18M	5.56M
Balance Sheet
Total Assets	9.77M	8.43M	8.69M	10.88M	11.55M
Cash, Cash Equivalents and Short-Term Investments	7.23M	5.51M	4.28M	3.78M	3.79M
Total Debt	223.51K	297.51K	367.92K	64.65K	148.63K
Total Liabilities	3.25M	3.39M	3.71M	5.73M	4.97M
Stockholders Equity	6.52M	5.04M	4.98M	5.15M	6.57M
Cash Flow
Free Cash Flow	0.00	5.24M	5.74M	7.68M	3.25M
Operating Cash Flow	4.15M	5.24M	5.76M	7.71M	3.31M
Investing Cash Flow	6.82K	-3.95K	-31.84K	-32.75K	-57.42K
Financing Cash Flow	-2.44M	-4.00M	-5.23M	-7.70M	-4.75M

Jarvis Securities Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FKE	79 Outperform	£8.87M	6.57	12.70%	2.64%	6.86%	64.55%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JIM	61 Neutral	£3.47M	―	66.17%	26.13%	―	―
CAV	60 Neutral	£39.30M	24.42	3.69%	7.96%	-9.55%	―
PEEL	58 Neutral	£135.33M	27.29	4.84%	―	15.42%	―
CBG	51 Neutral	£753.65M	-7.55	-9.28%	―	-15.79%	-211.91%
WHI	48 Neutral	£9.90M	―	―	―	―	―

Jarvis Securities Corporate Events

Jarvis Securities Wins Shareholder Backing as All General Meeting Resolutions Pass

Jarvis Securities plc has confirmed that all resolutions proposed at its latest General Meeting, held on 29 January 2026, were duly approved by shareholders. The unanimous passage of the resolutions signals solid shareholder support for the Board’s current direction and governance decisions, with detailed voting results made available on the company’s website for stakeholders seeking further transparency.

The most recent analyst rating on (GB:JIM) stock is a Buy with a £8.50 price target. To see the full list of analyst forecasts on Jarvis Securities stock, see the GB:JIM Stock Forecast page.

Jarvis Securities Strengthens Board with Appointment of Paul Shackleton as Non-Executive Director

Jarvis Securities has appointed experienced corporate finance adviser Paul Shackleton as a Non-Executive Director to its board with immediate effect. With three decades of experience advising AIM-traded companies and current non-executive roles at Sutton Harbour Group and Rurelec, his appointment is expected to strengthen Jarvis’s governance and capital markets expertise as it continues to operate in the UK brokerage and outsourced financial services space.

The most recent analyst rating on (GB:JIM) stock is a Buy with a £9.00 price target. To see the full list of analyst forecasts on Jarvis Securities stock, see the GB:JIM Stock Forecast page.

Jarvis Securities Sets Course for AIM Exit as It Winds Down Regulated Subsidiary and Books £2.8m Redress Provision

Jarvis Securities has published audited results for the 18 months to 30 June 2025 following completion of the sale of JIML’s retail execution-only client book to Interactive Investor for an initial £9m, with up to £2m of deferred consideration, and has appointed S&W Partners to oversee the orderly wind-down of its regulated subsidiary and assess opportunities to monetise remaining group assets, supported by group cash of £10.4m. As part of its FCA-driven wind down, JIML has identified historic conduct breaches around inducements and client money interest disclosures and made a provision for an estimated £2.8m in client redress over the next year, while Jarvis signals that once JIML’s operations are substantially wound down it expects to become an AIM Rule 15 cash shell and, rather than pursue acquisitions, intends to seek shareholder approval to cancel its AIM listing and ultimately return any surplus distributable reserves to investors; the company will also hold a general meeting on 29 January 2026 to approve the accounts and will continue to review dividend capacity on a quarterly basis in light of reduced interest income and ongoing wind-down costs.

Jarvis Securities Finance Director to Step Down and Move into Consultancy Role

Jarvis Securities has announced that Finance Director and executive board member Kieran Price will step down from his roles with effect from 15 January 2026, although he will continue to support the business on a part-time basis as a consultant providing accounting services. The company has begun the process of appointing a new director to the board, signalling an orderly leadership transition in its finance function that aims to maintain continuity in financial oversight while the search for a successor is finalised.

Jarvis Securities Shareholders Approve All AGM Resolutions

Jarvis Securities plc reported that all resolutions proposed at its latest Annual General Meeting were duly approved by shareholders, signalling continued support for the company’s current governance arrangements and strategic direction. The full voting results have been made available on the company’s website, underscoring Jarvis’s ongoing commitment to transparency and regulatory compliance for its investors and other stakeholders.

Jarvis Securities Announces AGM and Upcoming Financial Results Release

Jarvis Securities plc has announced the scheduling of its Annual General Meeting (AGM) to be held on December 18, 2025, at The Spa Hotel, Tunbridge Wells. The company also confirmed that its audited results for the 18-month period ending June 30, 2025, will be released by the end of December, with a separate general meeting to discuss these results. This announcement signifies a routine yet important step in maintaining transparency and engagement with shareholders, potentially impacting investor confidence and market perception.