Jupiter Fund Management Plc (JUP) AI Stock Analysis

• Market Cap: £900.18M
• Dividend Yield: 2.7%
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): 15.8
• Beta (1Y): 1.14
• Revenue Growth: -4.38%
• EPS Growth: N/A
• Country: UK
• Employees: 492
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.04
• Shares Outstanding: 528,630,100
• 10 Day Avg. Volume: 1,539,683
• 30 Day Avg. Volume: 1,657,990
• PEG Ratio: -0.01
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 1.13
• P/FCF Ratio: 6.84
• 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: £151.74
• Price Target Upside: -17.71% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 197.00p ▲(6.83% Upside)

Jupiter Fund Management Plc shows strong technical indicators and positive corporate events, including strategic leadership changes and growth in assets under management. While financial performance indicates strong equity and cash flow positions, declining revenue and profitability remain concerns. The stock is reasonably valued with an attractive dividend yield, making it a moderately appealing investment.

Positive Factors

Strong capital structure

Very low leverage and a high equity ratio give the firm durable financial flexibility: it can absorb AUM volatility, finance strategic moves or return capital without relying on expensive debt, supporting long-term stability and resilience across cycles.

Positive free cash flow

Consistent positive free cash flow underpins operational strength in a fee-based asset manager: it sustains dividend payments, funds selective M&A or reinvestment, and reduces reliance on external financing, supporting multi‑period strategic execution.

Strategic corporate actions and leadership

Leadership refresh, a targeted acquisition and insider share purchases indicate strategic intent and alignment with shareholders. These structural moves can expand product/distribution capabilities and improve governance, aiding durable growth execution.

Negative Factors

Declining revenue trend

A multiyear revenue decline erodes the fee base central to asset managers, reducing predictable income and compounding pressure on reinvestment and distribution. Unless reversed, it risks a smaller AUM base and weaker long-term organic growth prospects.

Persistent profitability pressure

Sustained margin compression and a recent net loss weaken the firm's ability to fund strategic initiatives, retain talent, and pay dividends. Longer-term margin deterioration signals competitiveness or cost structure issues that can impair durable return generation.

Shrinking balance sheet base

A declining asset and equity base may reflect AUM outflows or valuation reductions that limit scale benefits for an asset manager. Over time a smaller balance sheet constrains fee growth, capital deployment for acquisitions, and resilience to market shocks.

Jupiter Fund Management Plc Business Overview & Revenue Model

Company Description

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.

How the Company Makes Money

Jupiter Fund Management generates revenue primarily through management fees charged to clients for managing their investment portfolios. These fees are typically calculated as a percentage of the assets under management (AUM). Additionally, the company may earn performance fees based on the investment performance relative to benchmarks, rewarding it for achieving superior returns for clients. Key revenue streams include fees from institutional clients, retail clients, and intermediary channels. The firm also benefits from various strategic partnerships that enhance its distribution capabilities and expand its client reach. Overall, Jupiter's revenue model is heavily dependent on the growth of AUM, which is influenced by market conditions, investment performance, and client inflows.

Jupiter Fund Management Plc Financial Statement Overview

Summary

Jupiter Fund Management Plc shows strong equity positioning and efficient cash generation, but faces declining revenue and profitability pressures. The low leverage and strong equity ratios are positives, but the company needs to address the downward revenue trend to sustain future growth.

Income Statement

Jupiter Fund Management Plc shows declining revenue and profitability over the past few years, with total revenue decreasing from 2021 to 2024. The gross profit margin remains relatively healthy at 60.7% in 2024, but net profit margin improvements are dampened by past losses, such as the net income loss in 2023. EBIT and EBITDA margins have decreased, indicating pressure on operating efficiency.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.11 in 2024, suggesting low leverage. The equity ratio of 66.4% indicates a strong capital structure. However, declining total assets and stockholders' equity since 2021 may raise concerns about future growth potential.

Cash Flow

Free cash flow declined from 2023 to 2024, but the company maintained a positive free cash flow, which is a positive sign for liquidity. The operating cash flow to net income ratio is healthy in 2024, indicating efficient cash generation from operations despite net income volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	361.40M	402.50M	405.60M	378.70M	616.10M	504.70M
Gross Profit	344.30M	244.50M	343.00M	305.70M	540.70M	444.70M
EBITDA	89.70M	110.60M	41.20M	95.30M	237.40M	214.90M
Net Income	58.50M	65.20M	-12.90M	47.90M	149.60M	105.30M
Balance Sheet
Total Assets	1.21B	1.26B	1.21B	1.24B	1.34B	1.35B
Cash, Cash Equivalents and Short-Term Investments	437.10M	502.90M	445.90M	396.90M	383.90M	400.40M
Total Debt	0.00	90.80M	93.80M	95.80M	100.40M	103.40M
Total Liabilities	366.80M	422.50M	418.10M	398.10M	439.90M	459.70M
Stockholders Equity	841.00M	834.00M	789.50M	843.30M	900.80M	886.30M
Cash Flow
Free Cash Flow	55.40M	66.30M	84.50M	153.50M	181.40M	102.20M
Operating Cash Flow	56.00M	73.90M	88.00M	158.80M	184.90M	104.80M
Investing Cash Flow	-16.20M	-182.20M	-56.60M	34.10M	-13.10M	63.10M
Financing Cash Flow	-45.80M	101.90M	-37.80M	-112.50M	-162.60M	-159.20M

Jupiter Fund Management Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 184.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JUP, the sentiment is Positive. The current price of 184.4 is above the 20-day moving average (MA) of 163.88, above the 50-day MA of 153.91, and above the 200-day MA of 121.49, indicating a bullish trend. The MACD of 7.18 indicates Negative momentum. The RSI at 82.29 is Negative, neither overbought nor oversold. The STOCH value of 90.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JUP.

Jupiter Fund Management Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDR	77 Outperform	£6.47B	18.23	8.30%	5.37%	4.78%	-4.86%
POLR	76 Outperform	£543.66M	13.93	31.19%	8.73%	7.71%	-7.39%
RAT	76 Outperform	£2.07B	32.82	4.75%	4.91%	14.05%	-3.07%
JUP	73 Outperform	£900.18M	15.78	7.11%	2.70%	-4.38%	―
BRK	72 Outperform	£250.13M	24.57	7.58%	5.14%	-13.29%	63.87%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LIO	64 Neutral	£156.60M	12.64	9.72%	21.31%	-15.65%	-12.27%

Jupiter Fund Management Plc Corporate Events

Jupiter Fund Management Sets Up Forward Share Deal to Fund Staff Incentive Plans

Jupiter Fund Management has arranged a forward share transaction via JTC Employer Solutions Trustee Limited, acting as trustee of the Jupiter Employee Benefit Trust, with Morgan Stanley & Co. International to secure ordinary shares in the company for employee long-term incentive plans. The arrangement, which will commence in the first quarter of 2026 and cover up to 25.9 million shares, is designed to meet existing, planned and anticipated commitments under these schemes without immediately issuing or holding new shares, signalling a structured approach to managing future staff remuneration and potential dilution for shareholders.

The most recent analyst rating on (GB:JUP) stock is a Buy with a £167.00 price target. To see the full list of analyst forecasts on Jupiter Fund Management Plc stock, see the GB:JUP Stock Forecast page.

Jupiter Fund Management Appoints Nathan Bostock as New Chair

Jupiter Fund Management Plc has announced the appointment of Nathan Bostock as the new Chair, succeeding David Cruickshank, effective from April 1, 2026, pending regulatory approval. Bostock, with extensive experience in financial services, is expected to guide Jupiter through its next phase of growth, leveraging his leadership skills to capitalize on strategic opportunities in the investment management sector.

The most recent analyst rating on (GB:JUP) stock is a Buy with a £164.00 price target. To see the full list of analyst forecasts on Jupiter Fund Management Plc stock, see the GB:JUP Stock Forecast page.