Tatton Asset Management Plc (GB:TAM)
LSE:TAM
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Tatton Asset Management Plc
(LSE:TAM)
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Rating:79Outperform
Price Target:
802.00 p
▲(26.90% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by strong financial performance (solid growth, high profitability, excellent cash conversion, and very low leverage). Technicals are supportive due to a clear uptrend, but overbought readings increase near-term risk. Valuation is the main headwind, with a relatively high P/E only partly offset by the dividend yield.
Positive Factors
Recurring fee business model
TAM’s core revenue derives from recurring management fees on AUM sold via financial advisers, creating a predictable, scalable income stream. Recurring fees support revenue visibility and margin leverage as AUM grows, aligning incentives with long-term client retention and adviser relationships.
Negative Factors
AUM/revenue sensitivity to flows and markets
Revenue is structurally linked to AUM and adviser distribution: sustained inflows, adviser relationships, and investment performance are necessary to maintain fees. This makes revenue and profitability sensitive to market downturns or adviser distribution shifts, a durable exposure for asset managers.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee business model
TAM’s core revenue derives from recurring management fees on AUM sold via financial advisers, creating a predictable, scalable income stream. Recurring fees support revenue visibility and margin leverage as AUM grows, aligning incentives with long-term client retention and adviser relationships.
Read all positive factors
Tatton Asset Management Plc (TAM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£436.47M
Dividend Yield3.21%
Average Volume (3M)102.05K
Price to Earnings (P/E)24.0
Beta (1Y)0.40
Revenue Growth20.14%
EPS Growth15.61%
CountryUK
Employees103
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.31
Shares Outstanding61,301,834
10 Day Avg. Volume150,222
30 Day Avg. Volume102,053
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)6.48
Price to Sales (P/S)6.55
P/FCF Ratio15.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£900.00Price Target Upside42.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.37
Revenue Forecast (FY)£58.34M
Tatton Asset Management Plc Business Overview & Revenue Model
Company Description
Tatton Asset Management plc, a firm established in 2017 and headquartered in Wilmslow, UK, provides a range of services primarily for independent financial advisors across the United Kingdom. These services encompass investment fund management, re...
How the Company Makes Money
TAM primarily makes money by charging ongoing fees for managing client assets under management (AUM) via its discretionary fund management and model portfolio services distributed through financial advisers. The core revenue stream is recurring ma...
Tatton Asset Management Plc Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
89
Very Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.44M | 45.31M | 36.81M | 32.33M | 29.36M |
| Gross Profit | 54.44M | 45.31M | 36.81M | 32.33M | 29.36M |
| EBITDA | 26.64M | 22.85M | 18.47M | 17.78M | 12.54M |
| Net Income | 18.84M | 16.14M | 12.99M | 9.24M | 6.11M |
Balance Sheet | |||||
| Total Assets | 68.22M | 62.44M | 52.46M | 51.95M | 41.35M |
| Cash, Cash Equivalents and Short-Term Investments | 35.12M | 33.25M | 24.94M | 26.62M | 21.86M |
| Total Debt | 631.00K | 848.00K | 659.00K | 268.00K | 539.00K |
| Total Liabilities | 13.18M | 11.89M | 9.13M | 10.16M | 10.30M |
| Stockholders Equity | 55.06M | 50.59M | 43.28M | 41.78M | 31.04M |
Cash Flow | |||||
| Free Cash Flow | 22.88M | 18.25M | 13.66M | 12.91M | 13.35M |
| Operating Cash Flow | 23.62M | 18.75M | 14.02M | 13.23M | 13.64M |
| Investing Cash Flow | -4.72M | -1.00M | -1.55M | -470.00K | -3.11M |
| Financing Cash Flow | -17.16M | -10.47M | -14.12M | -7.98M | -5.75M |
Tatton Asset Management Plc Technical Analysis
Positive
632.00
Price Trends
612.42
Positive
609.06
Positive
642.05
Positive
Market Momentum
34.65
Negative
82.44
Negative
87.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TAM, the sentiment is Positive. The current price of 632 is above the 20-day moving average (MA) of 628.43, above the 50-day MA of 612.42, and below the 200-day MA of 642.05, indicating a bullish trend. The MACD of 34.65 indicates Negative momentum. The RSI at 82.44 is Negative, neither overbought nor oversold. The STOCH value of 87.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TAM.
Tatton Asset Management Plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £436.47M | 24.00 | 31.92% | 3.21% | 20.14% | 15.61% | |
79 Outperform | £780.07M | 20.55 | 30.00% | 8.73% | 7.71% | -7.39% | |
74 Outperform | £825.12M | 7.98 | 11.49% | 2.70% | 16.37% | 58.77% | |
72 Outperform | £193.00M | 29.53 | 4.43% | 5.14% | 1.02% | -62.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £173.97M | 1,641.05 | 10.12% | 21.31% | -20.90% | -40.53% | |
67 Neutral | £1.67B | 13.85 | 8.33% | 4.91% | 2.02% | 69.06% |
* Financial Sector Average
GB:TAM
Tatton Asset Management Plc
740.00
85.16
13.01%
GB:BRK
Brooks Macdonald
1,265.00
-333.90
-20.88%
GB:JUP
Jupiter Fund Management Plc
163.80
70.91
76.35%
GB:LIO
Liontrust Asset Management
330.50
6.33
1.95%
GB:POLR
Polar Capital Holdings
819.00
412.19
101.32%
GB:RAT
Rathbones Group PLC
1,606.00
-54.92
-3.31%
Tatton Asset Management Plc Corporate Events
Shareholder Meetings
Tatton Asset Management Sets Date and Venue for 2026 AGM
Neutral
Jun 19, 2026
Tatton Asset Management has announced that its Annual General Meeting will be held on 30 July 2026 at 11:00 a.m. at the offices of DWF Law LLP in central Manchester. The company has distributed its Annual Report and AGM notice to shareholders, who...
Regulatory Filings and Compliance
Tatton Asset Management Non-Executive Director Increases Shareholding
Positive
Jun 17, 2026
Tatton Asset Management has disclosed a share purchase by non-executive director Pippa Hamnett, who acquired 601 ordinary shares at an average price of 656 pence each on 16 June 2026. Following this transaction, Hamnett’s total beneficial ho...
Business Operations and StrategyDividendsFinancial Disclosures
Tatton Asset Management beats forecasts with double-digit growth and higher dividend
Positive
Jun 16, 2026
Tatton Asset Management reported full-year results ahead of market expectations, with group revenue up 20.1% to £54.4m and adjusted operating profit rising 24.1%, lifting margins to 52.3%. Adjusted diluted earnings per share increased 22.3%, ...
Business Operations and StrategyFinancial Disclosures
Tatton Asset Management schedules analyst and investor briefings on 2026 final results
Neutral
May 26, 2026
Tatton Asset Management plans to brief equity analysts and investors on its final results for the 12 months to 31 March 2026, which are due to be released on 16 June 2026. The company will hold a conference call for analysts on the results day and...
Regulatory Filings and Compliance
Tatton CEO shifts shareholding into pension without changing stake
Positive
May 8, 2026
Tatton Asset Management has disclosed that its chief executive officer, Paul Hogarth, has transferred 139,953 ordinary shares from a General Investment Account into his self-invested personal pension. The move was executed via a sale and immediate...
Regulatory Filings and Compliance
Tatton Asset Management CIO shifts shares into ISA in routine PDMR dealing
Neutral
May 7, 2026
Tatton Asset Management has disclosed a transaction by chief investment officer Lothar Mentel involving the transfer of 3,250 ordinary shares into an Individual Savings Account. The move was carried out as a sale and immediate repurchase at 615 pe...
Business Operations and StrategyFinancial Disclosures
Tatton Asset Management Grows AUM to £24.2bn and Targets Upper-End FY26 Results
Positive
Apr 15, 2026
Tatton Asset Management reported an 11.0% rise in total assets under management and influence to £24.2bn for the year to 31 March 2026, driven by strong underlying net inflows of £2.8bn and market gains of £2.5bn, despite a £3....
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.