Phoenix Group Holdings (PHNX) AI Stock Analysis

• Market Cap: £6.84B
• Dividend Yield: 7.76%
• Average Volume (3M): 2.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: -6.33%
• EPS Growth: N/A
• Country: UK
• Employees: 6,980
• Sector: Financial
• Sector Strength: 71
• Industry: Insurance - Life
• EPS (TTM): -0.43
• Shares Outstanding: 1,003,710,700
• 10 Day Avg. Volume: 2,002,421
• 30 Day Avg. Volume: 2,068,845
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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: £674.71
• Price Target Upside: -3.06% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 65 Neutral
• Price Target: 727.00p ▲(4.45% Upside)

Phoenix Group Holdings' overall stock score is driven by strong earnings call performance and positive technical indicators. The company's robust cash generation and upgraded financial targets are significant positives. However, financial performance concerns, particularly profitability and high leverage, weigh on the score. The high dividend yield provides some valuation support, appealing to income investors.

Phoenix Group Holdings Business Overview & Revenue Model

Company Description

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle. The company manages Heritage in-force life and pensions policies; and offers and manages long term savings and pensions products. Its products include with-profits and unit-linked funds, and annuities; and workplace pensions, and individual savings and retirement solutions. The company serves individuals, corporates, and employers. It has a strategic partnership with abrdn plc, TCS, and HSBC. Phoenix Group Holdings plc was founded in 1782 and is based in London, the United Kingdom.

How the Company Makes Money

Phoenix Group makes money primarily through the management of its insurance policies and investment portfolios. Its revenue model includes income generated from premiums received from policyholders, investment income from the assets backing its insurance liabilities, and fees for managing these assets. Key revenue streams include charges on policy administration, investment management fees, and profit-sharing arrangements. The company also benefits from strategic partnerships with various financial institutions, which facilitate access to new customer bases and enhance its product offerings. Additionally, the acquisition of closed life books allows Phoenix Group to leverage economies of scale, driving profitability through cost efficiencies.

Phoenix Group Holdings Financial Statement Overview

Summary

Phoenix Group shows robust revenue growth, but profitability issues persist with ongoing net losses. Balance sheet indicates high leverage, posing financial risks, although cash flow has improved, indicating better operational efficiency.

Income Statement

Phoenix Group Holdings has shown significant revenue growth from 2023 to 2024, with a 28.1% increase. However, profitability remains a challenge, as evidenced by consistent net losses over the years, leading to negative net profit margins. EBIT has improved significantly in 2024 compared to previous years, yet EBITDA remains negative, indicating high non-cash charges or restructuring costs.

Balance Sheet

The company's balance sheet shows a low equity base with a declining trend in stockholder's equity. The debt-to-equity ratio is relatively high, indicating leverage that could pose financial risks. However, the equity ratio has improved slightly, suggesting a better asset base coverage by equity.

Cash Flow

Cash flow from operating activities turned positive in 2024, reflecting improved operational efficiency. Free cash flow has also significantly increased, signaling stronger cash generation relative to previous years. However, the company still faces challenges due to previous years of negative cash flows, which could impact future liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.43B	16.70B	8.20B	7.00B	13.26B
Gross Profit	14.43B	15.45B	8.20B	10.34B	13.26B
EBITDA	-870.00M	305.00M	-3.16B	-150.00M	58.00M
Net Income	-1.09B	56.00M	-2.72B	-837.00M	798.00M
Balance Sheet
Total Assets	307.86B	299.31B	279.03B	325.21B	324.78B
Cash, Cash Equivalents and Short-Term Investments	198.00M	174.00M	242.00M	405.00M	414.00M
Total Debt	3.60B	3.88B	4.57B	4.82B	5.14B
Total Liabilities	305.61B	295.77B	274.33B	318.94B	317.40B
Stockholders Equity	1.71B	2.99B	4.16B	5.82B	7.04B
Cash Flow
Free Cash Flow	3.34B	-863.00M	-3.28B	-1.26B	6.58B
Operating Cash Flow	3.37B	-863.00M	-3.28B	-1.26B	6.58B
Investing Cash Flow	-29.00M	-20.00M	0.00	304.00M	-988.00M
Financing Cash Flow	-1.08B	-769.00M	-966.00M	-857.00M	942.00M

Phoenix Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 696.00
• 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:PHNX, the sentiment is Positive. The current price of 696 is above the 20-day moving average (MA) of 666.85, above the 50-day MA of 656.98, and above the 200-day MA of 554.85, indicating a bullish trend. The MACD of 11.30 indicates Negative momentum. The RSI at 71.96 is Negative, neither overbought nor oversold. The STOCH value of 84.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PHNX.

Phoenix Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEZ	74 Outperform	£5.54B	6.66	22.59%	3.12%	7.79%	9.99%
PRU	70 Outperform	£24.99B	14.82	12.68%	1.92%	-17.12%	30.62%
Sector *	68 Neutral	$17.50B	11.66	10.43%	3.82%	9.93%	1.68%
PHNX	65 Neutral	£6.84B	―	-60.34%	7.76%	-6.33%	―
STJ	64 Neutral	£6.96B	13.85	41.51%	1.16%	-36.55%	―
JUST	64 Neutral	£2.20B	33.97	5.21%	1.25%	-7.30%	-27.69%
MGPUF	―	$8.58B	31.80	-10.00%	7.26%	―	―

Phoenix Group Holdings Corporate Events

Phoenix Group Enhances Employee Investment with Share Incentive Plan

Phoenix Group Holdings plc announced the acquisition of ordinary shares under its Share Incentive Plan (SIP), as part of a monthly investment strategy. This initiative allows eligible employees to purchase ‘Partnership Shares’ with their salary, matched by the company, enhancing employee engagement and aligning their interests with the company’s performance. This move is likely to strengthen Phoenix Group’s internal stakeholder relationships and reinforce its market position by demonstrating a commitment to employee investment.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Announces Share Capital and Voting Rights Update

Phoenix Group Holdings PLC, a prominent player in the insurance industry, has announced its current share capital and voting rights as of July 31, 2025. The company has issued 1,003,710,686 ordinary shares, each carrying one vote, which stakeholders can use to assess their shareholding interests under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:PHNX) stock is a Hold with a £6.68 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Holdings Enhances Employee Investment with Share Incentive Plan

Phoenix Group Holdings PLC announced the acquisition of ordinary shares under its Share Incentive Plan (SIP), where employees can purchase ‘Partnership Shares’ with matching contributions from the company. This initiative, which involves key managerial figures, reflects the company’s commitment to aligning employee interests with corporate performance, potentially enhancing stakeholder value.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Announces Share Capital and Voting Rights Update

Phoenix Group Holdings PLC has announced its voting rights and share capital details as of June 30, 2025. The company’s issued share capital consists of 1,003,608,937 ordinary shares, each carrying one vote, with no shares held in treasury. This information is crucial for shareholders to calculate their interests or changes in interests under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Announces Board Changes

Phoenix Group Holdings plc has announced changes to its board, with Nicholas Shott stepping down as Group Independent Non-Executive Director and Chair of the Remuneration Committee after nine years of service. Sherry Coutu CBE will take over as Chair of the Remuneration Committee and join the Group Board Nomination Committee, bringing her extensive FTSE 100 experience to the role. This transition is expected to enhance the company’s governance and strategic oversight, potentially impacting its market positioning positively.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Holdings Launches £5 Billion Euro Medium Term Note Programme

Phoenix Group Holdings has announced the approval of its £5 billion Euro Medium Term Note Programme by the UK Financial Conduct Authority. This development is expected to enhance the company’s financial flexibility and strengthen its position in the financial services sector, potentially impacting stakeholders positively by providing more investment opportunities.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Holdings Announces Share Transactions Under SIP

Phoenix Group Holdings, a prominent player in the financial services sector, announced the latest transactions under its Share Incentive Plan (SIP). The plan allows employees to purchase ‘Partnership Shares’ with contributions from their monthly salaries, which the company matches up to a certain limit. This initiative is part of Phoenix Group’s strategy to enhance employee engagement and align their interests with those of the company. The announcement, which complies with the UK Markets Abuse Regulation, detailed the share transactions conducted by several key executives, reflecting the company’s commitment to transparency and regulatory compliance.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Holdings Announces Share Capital and Voting Rights Update

Phoenix Group Holdings PLC announced that as of May 31, 2025, its issued share capital consists of 1,003,205,884 ordinary shares, each with a nominal value of 10 pence. Each share carries one vote, and the company holds no shares in treasury. This total number of voting rights is crucial for shareholders to determine their notification obligations under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Holdings Enhances Managerial Stake with Share Incentive Plan

Phoenix Group Holdings announced the acquisition of ordinary shares as part of its Share Incentive Plan (SIP) through the Dividend Reinvestment Plan (DRIP). This transaction, involving key managerial personnel, highlights the company’s ongoing efforts to align managerial interests with shareholder value, potentially enhancing stakeholder confidence and market positioning.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £7.30 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group Strengthens Leadership with New Director Appointment

Phoenix Group Holdings announced the appointment of Karen Green, an Independent Non-Executive Director of the company, as an Independent Non-Executive Director of Hamilton Insurance Group Ltd. This move reflects Phoenix Group’s ongoing commitment to strengthening its leadership team and enhancing its strategic influence in the insurance sector.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £6.50 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Phoenix Group’s AGM Resolutions Passed with Strong Shareholder Support

Phoenix Group Holdings announced the successful passing of all resolutions at its Annual General Meeting held on May 13, 2025. The resolutions included the approval of the company’s annual report, directors’ remuneration report, and a final dividend, as well as the re-election and election of various directors. The outcome of the AGM reflects strong shareholder support for the company’s strategic direction and governance, potentially reinforcing its position in the industry and positively impacting stakeholder confidence.

The most recent analyst rating on (GB:PHNX) stock is a Buy with a £6.50 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.