Quilter (QLT) AI Stock Analysis

• Market Cap: $2.49B
• Dividend Yield: 3.4%
• Average Volume (3M): 1.90M
• Price to Earnings (P/E): 20.6
• Beta (1Y): 1.60
• Revenue Growth: -28.04%
• EPS Growth: -102.43%
• Country: UK
• Employees: 3,017
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.06
• Shares Outstanding: 1,404,105,500
• 10 Day Avg. Volume: 1,309,696
• 30 Day Avg. Volume: 1,901,761
• PEG Ratio: -0.05
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 0.40
• Enterprise Value/Market Cap: 0.24
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.08
• Enterprise Value/Ebitda: 1.60
• 1Y Price Target: $207.92
• Price Target Upside: 12.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): $763.55M

• Rating: 74 Outperform
• Price Target: 206.00p ▲(11.83% Upside)
• Action: Upgraded Date: 03/06/26
• Date: Action: Upgraded 03/06/26

The score is driven primarily by solid fundamentals (cash generation and low leverage) and a strong, confident earnings-call outlook with robust flow momentum and shareholder-return commitments. Offsetting factors are weaker near-term technicals and only moderate valuation support, alongside lingering profitability volatility and a guided step-up in costs.

Positive Factors

Strong cash generation

Consistently rising operating and free cash flow provides durable internal funding for dividends, buybacks and strategic investment. Strong cash conversion reduces refinancing risk, underpins the new 70% distribution policy, and gives management flexibility to invest in growth while retaining balance-sheet resilience.

Sustained net inflows and AUM growth

Record, repeatable net inflows and +14% average AuMA growth indicate durable organic scale in the platform and managed business. Higher AUM supports recurring fee revenue, improves operating leverage and strengthens competitive positioning across adviser and platform channels over the medium term.

Platform leadership and tech-driven productivity

Adviser productivity gains from AI and the adviser support platform are structural: they lower per-client servicing costs, allow capacity expansion without proportional headcount growth, and help scale the business model. Combined with prior simplification savings, this supports sustainable margins and distribution competitiveness.

Negative Factors

Profitability volatility

Historic swings—including a 2024 loss followed by a 2025 rebound—indicate earnings sensitivity to market moves, fee mix and interest income. This volatility complicates multi‑period planning, makes payout policy and buybacks more execution‑sensitive, and increases the need to sustain consistent flows to lock in margins.

Rising cost base and stepped-up investment

A durable step‑up in investment and acquisition spending reduces near‑term operating leverage and demands additional revenue or efficiency gains to preserve margins. If revenue or flows slow, higher fixed costs could compress profits and test execution of the planned productivity gains from tech and adviser initiatives.

HNW and active fund outflows; mix shift

Sustained HNW redemptions and the industry shift from active to passive reduce higher‑margin managed revenues over time. This mix shift pressures average fees and margins, increases dependence on platform and scale economics, and makes profitability contingent on converting lower‑fee flows into scalable advisory or mix improvements.

Quilter Business Overview & Revenue Model

Company Description

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. It operates in two segments, High Net Worth and Affluent. The company offers financial advice for protection, mortgages, savings, investments, and pensions. It also provides Quilter Investment Platform, an investment platform for advice-based wealth management products and services; Quilter Investors, which offers investment solutions; and Quilter Financial Planning, a restricted and independent financial adviser network that provides mortgage and financial planning advice and financial solutions to individuals and businesses through a network of intermediaries. In addition, the company offers discretionary investment management services to high-net worth customers, charities, companies, and institutions through a network of branches. Quilter plc was incorporated in 2007 and is based in London, the United Kingdom.

How the Company Makes Money

Quilter generates revenue through several key streams, primarily from asset management fees, financial advice fees, and platform fees. The company charges a percentage of assets under management (AUM) for its investment management services, which constitutes a significant portion of its income. Additionally, Quilter earns fees from providing financial advice to clients, which can include one-time charges or ongoing advisory fees. The platform services also generate revenue through transaction fees and administration charges. Strategic partnerships with various financial institutions and advisors enhance Quilter's distribution capabilities, further driving its earnings potential. Furthermore, the company's focus on expanding its client base and enhancing its digital offerings positions it for growth in the competitive wealth management landscape.

Quilter Financial Statement Overview

Summary

Strong cash generation (very large and rising operating/free cash flow) and conservative leverage support financial resilience. Revenue and earnings rebounded in 2025, but profitability has been volatile (including a 2024 loss) and net margins remain thin, limiting the score.

Income Statement

Revenue expanded sharply in 2025 versus 2024 (after a mostly steady 2021–2024 trajectory), indicating improved top-line momentum. Profitability, however, is mixed: net results swung from a loss in 2024 to a modest profit in 2025, and net margins remain thin despite very high gross profit margins. Overall, the business shows improving earnings direction but still lacks consistently strong bottom-line conversion.

Balance Sheet

Leverage looks conservative, with debt-to-equity consistently around ~0.17–0.19 across the period, providing balance-sheet flexibility. Equity is relatively stable and returns on equity improved in 2025 after turning negative in 2024, but the earnings volatility (including the 2024 loss) highlights that returns are not consistently durable. Asset levels are sizable, and low debt reduces refinancing risk.

Cash Flow

Cash generation is a clear strength: operating cash flow and free cash flow are very large and rose strongly in 2025, with positive free cash flow growth in most years. Free cash flow closely tracks reported earnings in the provided data, supporting earnings quality. The main caution is that coverage metrics shown are inconsistent across years (including a zero value in 2025), which adds some uncertainty around comparability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.36B	5.42B	4.63B	-4.04B	4.69B
Gross Profit	9.26B	5.37B	1.26B	-4.15B	4.56B
EBITDA	371.00M	108.00M	163.00M	144.00M	160.00M
Net Income	120.00M	-34.00M	42.00M	175.00M	154.00M
Balance Sheet
Total Assets	76.54B	62.45B	53.34B	46.42B	50.74B
Cash, Cash Equivalents and Short-Term Investments	2.15B	60.94B	51.86B	45.13B	49.34B
Total Debt	271.00M	275.00M	279.00M	290.00M	299.00M
Total Liabilities	75.08B	61.02B	51.83B	44.87B	49.00B
Stockholders Equity	1.47B	1.42B	1.52B	1.55B	1.74B
Cash Flow
Free Cash Flow	6.16B	4.58B	2.11B	1.67B	3.06B
Operating Cash Flow	6.17B	4.58B	2.11B	1.67B	3.07B
Investing Cash Flow	-5.86B	-4.41B	-1.91B	-1.51B	-2.63B
Financing Cash Flow	-106.00M	-108.00M	-123.00M	-452.00M	-298.00M

Quilter Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 184.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QLT, the sentiment is Negative. The current price of 184.2 is below the 20-day moving average (MA) of 187.41, below the 50-day MA of 188.75, and above the 200-day MA of 172.42, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 40.56 is Neutral, neither overbought nor oversold. The STOCH value of 34.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:QLT.

Quilter Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDR	76 Outperform	£9.08B	11.95	8.30%	5.37%	4.78%	-4.86%
QLT	74 Outperform	$2.49B	20.62	-0.05%	3.40%	-28.04%	-102.43%
BRK	72 Outperform	£239.32M	13.32	7.58%	5.14%	-13.29%	63.87%
IHP	72 Outperform	£1.05B	22.35	23.68%	3.11%	7.13%	-1.52%
RAT	70 Outperform	£2.18B	17.89	4.75%	4.91%	14.05%	-3.07%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AJB	65 Neutral	£1.78B	10.20	49.89%	2.43%	17.97%	25.51%

Quilter Corporate Events

Quilter launches £100m buyback to return capital to shareholders

Quilter plc, a leading UK wealth manager focused on financial advice, investment platforms and discretionary fund management, oversees £141.2 billion for clients across its Affluent and High Net Worth segments. Its propositions range from digital savings and investment tools to multi-asset solutions and bespoke portfolio management for wealthier clients.

The company has launched a share buyback programme of up to £100 million to reduce its share capital and return surplus capital to shareholders, with an initial £40 million tranche executed by Goldman Sachs International across UK and Johannesburg trading venues. The repurchased shares, subject to regulatory rules and existing authorities, will be cancelled, potentially enhancing earnings per share and signalling confidence in Quilter’s balance sheet and capital position.

The most recent analyst rating on (GB:QLT) stock is a Sell with a £1.70 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.

Quilter Non-Executive Director George Reid to Step Down After Nine Years on Board

Quilter plc, a leading UK wealth manager, provides financial planning, investment platform services, multi-asset solutions and discretionary fund management to affluent and high net worth clients, overseeing £141.2 billion in customer assets at the end of 2025. Its operations are structured around Affluent and High Net Worth divisions, with brands including Quilter Financial Planning, Quilter Investment Platform, Quilter Invest and Quilter Cheviot.

The company announced that George Reid will step down as an independent non-executive director at the conclusion of its 14 May 2026 AGM, after nine years on the board and previous service as chair of the Board Audit Committee. Chair Ruth Markland credited Reid with strengthening Quilter’s financial reporting, assurance and internal control frameworks, highlighting continuity in governance following the handover of the audit chair role to Alison Morris in 2025 and signalling an orderly refresh of board oversight roles.

The most recent analyst rating on (GB:QLT) stock is a Sell with a £1.70 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.

Quilter posts record flows, higher profits and unveils £100m buyback

Quilter reported strong 2025 results, with Assets under Management and Administration rising 18% to £141.2 billion and core net inflows jumping 75% to £9.1 billion, equal to 8% of opening assets. Platform assets climbed 22% to £104.6 billion, WealthSelect grew 38% to £25.4 billion, and adjusted profit before tax increased 6% to £207 million, lifting the operating margin to 30% as its simplification programme hit £50 million in run-rate savings.

The group restored IFRS profitability with £120 million after tax, raised its total dividend 7% to 6.3p per share, and announced a £100 million share buyback alongside a new policy to distribute 70% of post-tax, post-interest earnings via dividends and ongoing buybacks. Management highlighted record flows and outperformance in both Affluent and High Net Worth segments, while maintaining a robust 200% pro forma Solvency II ratio after accounting for the buyback and final dividend, underlining continued capital strength for shareholders.

The most recent analyst rating on (GB:QLT) stock is a Sell with a £1.70 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.

Quilter Swings Back to Profit as Income and Assets Surge in 2025

Quilter has reported a strong turnaround in its 2025 financial performance, with profit after tax attributable to shareholders rising to £120 million from a £34 million loss in 2024 and basic earnings per share rebounding to 8.9 pence from a 2.5 pence loss. The Group’s total income climbed to £9.36 billion from £5.45 billion, underpinned by higher investment returns and fee income, while total assets increased to £76.5 billion and shareholder equity rose modestly to £1.47 billion, signalling improved profitability and a strengthened balance sheet for investors.

The company’s investment contract liabilities and third-party interests in consolidated funds also expanded significantly, reflecting growth in assets under management and administration alongside higher market levels. Operating cash flows remained robust at £6.2 billion, and despite continued dividend payments and share scheme-related buybacks, Quilter preserved a solid capital base, indicating enhanced financial resilience and potentially greater capacity to invest in its core wealth management operations.

The most recent analyst rating on (GB:QLT) stock is a Sell with a £1.70 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.

Quilter Delivers Record Q4 Flows as UK Advised Platform Surpasses £100bn

Quilter plc reported a record fourth quarter in 2025, with core net inflows rising 21% year-on-year to £2.4 billion, equivalent to an annualised 7% of opening assets under management and administration, helping lift group AuMA 18% over the year to £141.2 billion. Full-year 2025 core net inflows surged 75% to £9.1 billion, or 8% of opening AuMA, driven largely by strong platform performance in the Affluent segment, where the UK advised platform passed the £100 billion milestone and delivered 10% of opening AuMA in Q4, while the High Net Worth segment generated £686 million of net inflows for the year despite temporary outflows linked to client repositioning ahead of the UK Budget. Management highlighted improving persistency, higher adviser productivity and robust flows from both Quilter and IFA channels, underscoring the company’s growing scale and reinforcing its positioning as one of the largest and fastest-growing mainstream advised platforms in the UK wealth market.

The most recent analyst rating on (GB:QLT) stock is a Hold with a £208.00 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.