Just Group plc (JUST) AI Stock Analysis

• Market Cap: £1.51B
• Dividend Yield: 1.72%
• Average Volume (3M): 3.79M
• Price to Earnings (P/E): 22.2
• Beta (1Y): 1.52
• Revenue Growth: 4.58%
• EPS Growth: -42.10%
• Country: UK
• Employees: 1,384
• Sector: Financial
• Sector Strength: 87
• Industry: Insurance - Specialty
• EPS (TTM): 0.07
• Shares Outstanding: 1,038,702,900
• 10 Day Avg. Volume: 2,144,104
• 30 Day Avg. Volume: 3,785,610
• PEG Ratio: -0.89
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.63
• 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: £191.25
• Price Target Upside: 29.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

The overall score reflects mixed financial performance, with strong cash flow management offsetting revenue and profitability challenges. Technical indicators are neutral, and valuation appears stretched. Positive corporate events signal confidence from significant stakeholders, slightly boosting the outlook.

Just Group plc Business Overview & Revenue Model

Company Description

Just Group plc provides various financial services in the retirement income market in the United Kingdom. It offers de-risking solutions, guaranteed income for life, secure lifetime income, care plans, lifetime mortgages, and protection products. The company also provides professional services, including regulated financial advice and guidance services; and a range of business services, such as consultancy and software development, and outsourced customer service delivery and marketing services. In addition, it engages in the writing of insurance products for distribution to the at- or in-retirement market, which is undertaken through the activities of the life company; and provision of licensed software to financial advisers, banks, building societies, life assurance companies, and pension trustees. Further, the company provides lifetime mortgages through advice and intermediary services. It offers its products and services to trustees and scheme sponsors, individuals, homeowners, and other corporate clients. The company was formerly known as JRP Group plc and changed its name to Just Group plc in May 2017. Just Group plc was founded in 2004 and is based in Reigate, the United Kingdom.

How the Company Makes Money

Just Group plc generates revenue primarily through the sale of retirement income products such as annuities and lifetime mortgages. The company earns money by investing the premiums received from policyholders and managing these funds to generate returns. Annuities provide a steady income stream to customers in exchange for a lump sum or series of payments, and Just Group profits from the difference between the investment returns and the payments made to annuitants. Lifetime mortgages allow retirees to release equity from their homes, with interest accruing over time, which is repaid when the property is sold or after the homeowner passes away. Additionally, the company may engage in partnerships with financial advisors and other institutions to broaden its market reach and enhance its product offerings, contributing to its revenue generation.

Just Group plc Financial Statement Overview

Summary

Just Group plc shows mixed financial performance with challenges in revenue consistency and profitability. The balance sheet is stable but shows a decline in equity. However, strong cash flow management provides a cushion against income volatility.

Income Statement

The income statement shows significant volatility in revenue and profit margins. A notable concern is the negative total revenue reported in 2024, indicating possible anomalies or one-time adjustments. Historical revenue growth is inconsistent, with a decline from 2022 to 2023, but a recovery in net income in 2024. The net profit margin is weak, suggesting profitability challenges.

Balance Sheet

The balance sheet reflects a moderate level of financial stability. The debt-to-equity ratio is reasonable, indicating a balanced approach to leverage. However, the decline in stockholders' equity over recent years is a concern. The equity ratio has decreased, pointing to increased reliance on liabilities.

Cash Flow

Cash flow analysis indicates a strong free cash flow growth in 2024, with a robust free cash flow to net income ratio. Operating cash flow has been consistently positive, except for 2021, suggesting good cash generation capability. The company appears to manage its cash flows effectively, despite fluctuations in net income.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
-1.66B	3.14B	3.74B	3.22B	3.48B
	Gross Profit
-1.66B	672.00M	3.74B	3.22B	3.48B
	EBIT
113.00M	3.14B	-184.70M	115.70M	405.30M
	EBITDA
358.00M	299.00M	-431.00M	140.00M	419.50M
	Net Income Common Stockholders
80.00M	129.00M	-244.70M	-35.40M	193.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.62B	1.25B	1.66B	1.82B	2.62B
	Total Assets
37.92B	31.84B	24.83B	25.54B	25.04B
	Total Debt
846.00M	695.00M	707.90M	778.20M	780.30M
	Net Debt
-770.00M	-557.00M	225.90M	268.00M	-716.00M
	Total Liabilities
36.68B	30.64B	22.65B	23.10B	22.55B
	Stockholders Equity
1.25B	1.21B	2.18B	2.44B	2.49B
Cash Flow		Free Cash Flow
859.00M	138.00M	137.10M	-676.00M	895.40M
	Operating Cash Flow
863.00M	141.00M	145.20M	-668.70M	897.80M
	Investing Cash Flow
0.00	-2.00M	-202.30M	-77.90M	-2.40M
	Financing Cash Flow
52.00M	-110.00M	-111.90M	-57.50M	78.40M

Just Group plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 147.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JUST, the sentiment is Positive. The current price of 147.6 is above the 20-day moving average (MA) of 137.37, above the 50-day MA of 142.60, and above the 200-day MA of 142.99, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 56.57 is Neutral, neither overbought nor oversold. The STOCH value of 74.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JUST.

Just Group plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAG	82 Outperform	£1.73B	10.04	13.14%	4.54%	27.88%	28.92%
LRE	78 Outperform	£1.40B	5.47	21.23%	3.10%	14.46%	-2.98%
OSB	77 Outperform	£1.71B	6.01	13.70%	6.97%	18.67%	17.42%
RAT	77 Outperform	£1.69B	25.53	4.83%	5.77%	49.59%	18.13%
NBS	73 Outperform	£1.39B	1.20	6.12%	―	15.87%	-35.40%
Sector *	64 Neutral	$12.73B	9.82	7.91%	17015.08%	12.18%	-5.69%
JUST	56 Neutral	£1.51B	22.20	5.55%	1.72%	4.58%	-42.10%

Just Group plc Corporate Events

BlackRock Increases Stake in Just Group

Just Group plc, a UK-based company, has announced a change in its major shareholding structure. BlackRock, Inc., a major investment management corporation, has increased its voting rights in Just Group to 5.22% as of April 25, 2025, up from a previous position of 5.21%. This adjustment in BlackRock’s holdings signifies a slight increase in its influence over Just Group, potentially impacting the company’s strategic decisions and stakeholder interests.

Spark’s Take on GB:JUST Stock

According to Spark, TipRanks’ AI Analyst, GB:JUST is a Neutral.

The overall score reflects mixed financial performance, with strong cash flow management offsetting revenue and profitability challenges. Technical indicators are neutral, and valuation appears stretched. Positive corporate events signal confidence from significant stakeholders, slightly boosting the outlook.

To see Spark’s full report on GB:JUST stock, click here.

Just Group plc Announces Change in Major Holdings by BlackRock

Just Group plc has announced a change in its major holdings, with BlackRock, Inc. adjusting its voting rights in the company. The adjustment sees BlackRock holding 5.21% of the voting rights, reflecting a slight decrease in direct voting rights but an increase through financial instruments. This change in holdings could influence Just Group’s shareholder dynamics and potentially impact its strategic decisions moving forward.

Spark’s Take on GB:JUST Stock

According to Spark, TipRanks’ AI Analyst, GB:JUST is a Neutral.

The overall score reflects mixed financial performance, with strong cash flow management offsetting revenue and profitability challenges. Technical indicators are neutral, and valuation appears stretched. Positive corporate events signal confidence from significant stakeholders, slightly boosting the outlook.

To see Spark’s full report on GB:JUST stock, click here.

Norges Bank Increases Stake in Just Group plc

Norges Bank has increased its stake in Just Group plc, crossing a threshold of 3.293820% in voting rights as of April 2, 2025. This acquisition reflects a strategic move by Norges Bank, potentially impacting Just Group’s shareholder dynamics and signaling confidence in the company’s market position.

Just Group Announces Change in BlackRock’s Voting Rights

Just Group plc has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. BlackRock’s voting rights in Just Group have slightly decreased from 5.22% to 5.21%, as of April 1, 2025. This adjustment in BlackRock’s holdings reflects a minor shift in the ownership structure of Just Group, which could have implications for the company’s governance and decision-making processes.

Just Group plc Announces Managerial Awards Under Incentive Plans

Just Group plc has announced the grant of awards under its Deferred Share Bonus Plan (DSBP) and Long Term Incentive Plan (LTIP) to key managerial personnel. These awards, given as nil cost options, are contingent upon meeting specific performance targets over a three-year period, with a focus on cash generation, shareholder returns, return on equity, and investments in sustainable assets. This initiative underscores the company’s commitment to aligning management incentives with long-term performance goals, potentially enhancing its market position and stakeholder confidence.

BlackRock Adjusts Voting Rights in Just Group PLC

Just Group PLC, a UK-based company, has announced a change in its voting rights structure following an acquisition or disposal of voting rights by BlackRock, Inc. As of March 24, 2025, BlackRock’s total voting rights in Just Group PLC amount to 5.22%, comprising 4.96% from direct voting rights and 0.26% from financial instruments. This adjustment in voting rights could potentially influence the company’s strategic decisions and stakeholder dynamics.

Just Group plc Releases 2025 AGM Documents

Just Group plc has announced the availability of key documents for its 2025 Annual General Meeting, including the Notice of Meeting, Form of Proxy, and details of the Share Incentive Plan. These documents are accessible on the company’s website and through the National Storage Mechanism. The AGM is scheduled for 8 May 2025 in London, and printed copies are being sent to shareholders along with the 2024 Annual Report, aligning with their communication preferences.

JPMorgan Adjusts Voting Rights in Just Group plc

JPMorgan Asset Management Holdings Inc. has adjusted its voting rights in Just Group plc, crossing a significant threshold on March 10, 2025. This change in holdings, notified on March 11, 2025, reflects a slight decrease in total voting rights from 5.111825% to 5.089930%, impacting the company’s shareholder structure and potentially influencing its governance dynamics.

Just Group CFO Acquires Shares, Signaling Confidence

Just Group plc announced the acquisition of 66,086 ordinary shares by Mark Godson, the Group Chief Financial Officer, at a price of £1.5054 per share. This transaction, conducted on the London Stock Exchange, reflects a strategic move by a key executive, potentially signaling confidence in the company’s future performance and stability.

JPMorgan Increases Stake in Just Group to Over 5%

JPMorgan Asset Management Holdings Inc. has increased its voting rights in Just Group plc to 5.111825% as of February 28, 2025. This acquisition reflects a slight increase from their previous position and signifies a strategic move by JPMorgan to strengthen its influence within the company, potentially impacting Just Group’s future business strategies and stakeholder interests.

JPMorgan Acquires Significant Stake in Just Group plc

JPMorgan Asset Management Holdings Inc. has acquired a significant voting interest in Just Group plc, crossing the 5% threshold of total voting rights as of February 27, 2025. This acquisition reflects JPMorgan’s strategic investment in the financial services sector and may influence Just Group’s shareholder dynamics and decision-making processes.