Personal Group Holdings PLC (GB:PGH)
LSE:PGH
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Personal Group Holdings
(LSE:PGH)
Select Model
Select Model
Rating:82Outperform
Price Target:
396.00 p
▲(32.00% Upside)
Action:ReiteratedDate:03/26/26
The score is led by strong financial quality (zero debt, solid equity base, and improved profitability versus 2022), supported by a positive technical trend with constructive momentum. Valuation adds support with a moderate P/E and high dividend yield, while revenue/earnings and cash-flow variability limit the upside to the score.
Positive Factors
Zero net debt & strong equity
Zero reported debt and a substantial equity base provide durable financial flexibility, lowering solvency and refinancing risk. This capital structure supports investment, dividends or M&A without reliance on external borrowing, enhancing resilience across business cycles.
Negative Factors
Revenue & earnings volatility
Material multi-year volatility, including a large revenue drop in 2022, signals cyclicality and sensitivity to client demand. Persistent swings reduce forecasting accuracy, complicate capital allocation, and raise execution risk if employer purchasing behavior shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero net debt & strong equity
Zero reported debt and a substantial equity base provide durable financial flexibility, lowering solvency and refinancing risk. This capital structure supports investment, dividends or M&A without reliance on external borrowing, enhancing resilience across business cycles.
Read all positive factors
Personal Group Holdings (PGH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£109.16M
Dividend Yield5.58%
Average Volume (3M)84.16K
Price to Earnings (P/E)13.4
Beta (1Y)0.62
Revenue Growth20.68%
EPS Growth44.23%
CountryUK
Employees253
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.14
Shares Outstanding31,277,030
10 Day Avg. Volume42,089
30 Day Avg. Volume84,160
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)2.66
Price to Sales (P/S)2.02
P/FCF Ratio9.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£415.00Price Target Upside38.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.25
Revenue Forecast (FY)£54.53M
Personal Group Holdings Business Overview & Revenue Model
Company Description
Personal Group Holdings Plc provides short-term accident and health insurance services, SaaS products, and salary sacrifice technology products in the United Kingdom. The company operates through Affordable Insurance, Other Owned Benefits, Benefit...
How the Company Makes Money
PGH makes money primarily by selling and administering employee benefits and related services through employer clients and through commissions/fees associated with benefits taken up by employees. Key revenue streams typically include: (1) employer...
Personal Group Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.37M | 43.81M | 31.13M | 27.17M | 74.51M |
| Gross Profit | 48.37M | 43.81M | 33.17M | 44.43M | 71.04M |
| EBITDA | 11.73M | 9.51M | 7.06M | -4.90M | 5.92M |
| Net Income | 7.29M | 6.50M | 4.32M | -7.25M | 3.60M |
Balance Sheet | |||||
| Total Assets | 57.36M | 51.29M | 49.19M | 46.61M | 57.60M |
| Cash, Cash Equivalents and Short-Term Investments | 25.01M | 19.06M | 17.50M | 16.96M | 20.29M |
| Total Debt | 0.00 | 964.00K | 1.13M | 278.00K | 474.00K |
| Total Liabilities | 20.55M | 16.45M | 17.19M | 15.63M | 16.32M |
| Stockholders Equity | 36.81M | 34.84M | 32.00M | 30.98M | 41.28M |
Cash Flow | |||||
| Free Cash Flow | 10.64M | 8.67M | 5.29M | 1.71M | 6.37M |
| Operating Cash Flow | 11.03M | 11.44M | 7.48M | 3.24M | 7.59M |
| Investing Cash Flow | 1.30M | -2.48M | -2.94M | -2.80M | -1.20M |
| Financing Cash Flow | -6.38M | -4.47M | -4.00M | -3.77M | -3.68M |
Personal Group Holdings Technical Analysis
Positive
300.00
Price Trends
305.32
Positive
308.69
Positive
310.05
Positive
Market Momentum
12.18
Negative
72.45
Negative
73.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PGH, the sentiment is Positive. The current price of 300 is below the 20-day moving average (MA) of 304.78, below the 50-day MA of 305.32, and below the 200-day MA of 310.05, indicating a bullish trend. The MACD of 12.18 indicates Negative momentum. The RSI at 72.45 is Negative, neither overbought nor oversold. The STOCH value of 73.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PGH.
Personal Group Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £109.16M | 13.42 | 20.34% | 5.58% | 20.68% | 44.23% | |
81 Outperform | £230.95M | 2.03 | 30.90% | 3.21% | 165.25% | 95.32% | |
80 Outperform | £968.51M | 4.51 | 14.91% | 4.65% | -10.92% | -24.05% | |
76 Outperform | £191.70M | 4.34 | 12.32% | 8.15% | 1.29% | 11.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £116.86M | 21.20 | 1.79% | 3.29% | -9.37% | ― |
* Financial Sector Average
GB:PGH
Personal Group Holdings
350.00
140.72
67.24%
GB:BPM
B.P. Marsh & Partners plc
655.00
64.39
10.90%
GB:CLIG
City of London Investment
396.00
97.29
32.57%
GB:CMCX
CMC Markets
347.00
155.01
80.73%
GB:BANK
Immedia
6.10
-0.90
-12.86%
GB:MERC
Mercia Asset Management
27.50
4.90
21.68%
Personal Group Holdings Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Personal Group lifts dividend 41% after record year for insurance and benefits growth
Positive
Mar 24, 2026
Personal Group Holdings reported a strong 2025, with group revenue up 11% to £48.4m, adjusted EBITDA rising 22% to £12.1m and profit before tax up 23% to £8.4m, all supported by a robust, debt-free balance sheet and 90% of revenue c...
Business Operations and Strategy
Personal Group strikes Simplyhealth partnership to deepen UK employee wellbeing reach
Positive
Mar 23, 2026
Personal Group Holdings has entered a strategic partnership with Simplyhealth, a leading UK healthcare services and cash plan provider, to expand access to combined health and income protection benefits for employees. The alliance leverages Person...
Business Operations and StrategyFinancial Disclosures
Personal Group schedules March results with analyst and investor briefings
Neutral
Mar 12, 2026
Personal Group Holdings will publish its preliminary results for the year to 31 December 2025 on 24 March 2026, followed by a virtual presentation and QA for analysts hosted by CEO Paula Constant and CFO Sarah Mace that morning. The company will t...
Business Operations and StrategyFinancial Disclosures
Personal Group Beats Profit Expectations on Double-Digit Growth and Strong Recurring Revenues
Positive
Jan 28, 2026
Personal Group Holdings reported an 11% rise in revenue to approximately £48.4m and a 21% increase in adjusted EBITDA to about £12.1m for 2025, beating market expectations and underpinned by growth across all divisions. The company highl...
Other
Personal Group Executives Add Shares Under Employee Ownership Plan
Neutral
Jan 6, 2026
Personal Group Holdings has reported that three senior executives acquired shares under the company’s HMRC-approved Employee Share Ownership Plan following the latest accumulation period ending 31 December 2025. Chief financial officer Sarah...
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.