Tatton Asset Management Plc (TAM) AI Stock Analysis

• Market Cap: £360.45M
• Dividend Yield: 3.21%
• Average Volume (3M): 102.05K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.35
• Revenue Growth: 20.46%
• EPS Growth: 9.72%
• Country: UK
• Employees: 103
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.16
• Shares Outstanding: 61,301,834
• 10 Day Avg. Volume: 150,222
• 30 Day Avg. Volume: 102,053
• PEG Ratio: 0.97
• Price to Book (P/B): 7.39
• Price to Sales (P/S): 8.25
• P/FCF Ratio: 20.48
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: 659.00 p ▲(12.07% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Tatton Asset Management Plc's strong financial performance and positive corporate events are the primary drivers of its overall score. While the technical analysis suggests some bearish trends, the company's robust financial health and positive insider activity provide a solid foundation for future growth. The valuation is reasonable, offering a balance between growth potential and income through dividends.

Positive Factors

Low leverage & strong capital base

Extremely low leverage and a high equity ratio give the firm durable financial flexibility and low solvency risk. Strong ROE shows capital is employed efficiently, enabling sustainable dividends, opportunistic M&A, or investment in growth without stressing the balance sheet during downturns.

High and improving profitability

Consistently very high gross margins and rising net margins indicate a scalable, low incremental-cost business. For an asset manager, fee economics and operational efficiency translate into durable free cash generation and the ability to reinvest in distribution and products while maintaining healthy returns to shareholders.

Recurring AUM fee model with adviser distribution

A recurring management-fee model anchored to adviser relationships creates predictable, repeatable revenue tied to assets under management. Adviser-led distribution and platform access provide a stable acquisition channel and scale leverage as AUM grows, supporting long-term revenue visibility.

Negative Factors

Revenue tied to AUM and market swings

Dependence on AUM-driven fees makes top-line and fee income structurally sensitive to market downturns and net outflows. Over multi-quarter horizons, adverse markets can materially compress revenue and margins, constraining investment and making performance largely cyclical despite fee predictability.

Volatile financing cash flows

Significant and uneven financing cash flow suggests recurring capital returns or unusual outflows that can strain liquidity planning. Persistently volatile financing activity limits runway for strategic investments, increases reliance on operational cash conversion, and raises governance questions on capital allocation.

Modest operational scale

A relatively small workforce for an asset manager may constrain capacity to scale distribution, product breadth, or institutional capabilities without material hiring or technology investment. Scaling AUM aggressively could increase operating leverage and execution risk in the medium term.

Tatton Asset Management Plc Business Overview & Revenue Model

Company Description

Tatton Asset Management plc provides fund management, compliance consultancy, and technical support services to independent financial advisors in the United Kingdom. The company operates through two segments, Tatton and Paradigm. It also offers mortgage adviser support, and mortgage and insurance product distribution services. The company was incorporated in 2017 and is based in Wilmslow, the United Kingdom.

How the Company Makes Money

Tatton Asset Management generates revenue primarily through management fees charged on the assets under management (AUM) in its various investment portfolios. These fees are typically based on a percentage of AUM and can vary depending on the specific investment strategy employed. In addition to management fees, TAM may also earn performance fees if certain investment performance benchmarks are achieved. The firm has established partnerships with financial advisers and wealth managers, which enhances its distribution capabilities and expands its client base, thereby contributing to its revenue growth. Additionally, TAM may benefit from ancillary services such as consulting or advisory fees, further diversifying its revenue streams.

Tatton Asset Management Plc Financial Statement Overview

Summary

Tatton Asset Management Plc exhibits strong financial health with impressive revenue and profit growth, efficient operations, and a robust balance sheet. The company maintains high profitability margins and low leverage. Despite some variability in cash flow from financing activities, the overall cash flow profile is healthy, supporting future growth.

Income Statement

Tatton Asset Management Plc has demonstrated robust revenue growth, with a CAGR of approximately 16% over the past five years. Gross profit margins consistently stand at 100%, reflecting efficient cost management. Net profit margin has improved to 35.6% in the latest year, up from 28.6% in the previous year, indicating enhanced profitability. EBIT and EBITDA margins are strong, showcasing operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio of 0.02, signifying low leverage and reduced financial risk. The equity ratio is high at 81%, indicating a strong capital base. Return on equity has improved to 31.9%, reflecting the company's ability to generate substantial returns for shareholders. The firm’s liquidity and solvency positions are solid.

Cash Flow

Operating cash flow has shown consistent growth, supporting strong free cash flow generation. The free cash flow to net income ratio is high, indicating effective cash conversion. However, volatility in financing cash flow due to significant outflows might raise concerns over cash utilization strategies. Overall, cash flow management remains robust with strong operational cash generation.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	49.34M	45.31M	36.81M	32.33M	29.36M	23.35M
Gross Profit	25.10M	45.31M	36.81M	32.33M	29.36M	23.35M
EBITDA	23.64M	22.85M	18.47M	17.78M	12.54M	8.23M
Net Income	17.00M	16.14M	12.99M	9.24M	6.11M	8.36M
Balance Sheet
Total Assets	66.89M	62.44M	52.46M	51.95M	41.35M	31.55M
Cash, Cash Equivalents and Short-Term Investments	35.30M	33.25M	24.94M	26.62M	21.86M	17.10M
Total Debt	1.21M	848.00K	659.00K	268.00K	539.00K	743.00K
Total Liabilities	10.97M	11.89M	9.13M	10.16M	10.30M	7.10M
Stockholders Equity	55.96M	50.59M	43.28M	41.78M	31.04M	24.45M
Cash Flow
Free Cash Flow	18.88M	18.25M	13.66M	12.91M	13.35M	8.47M
Operating Cash Flow	19.05M	18.75M	14.02M	13.23M	13.64M	8.82M
Investing Cash Flow	-1.22M	-1.00M	-1.55M	-470.00K	-3.11M	-509.00K
Financing Cash Flow	-10.69M	-10.47M	-14.12M	-7.98M	-5.75M	-4.13M

Tatton Asset Management Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 588.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TAM, the sentiment is Negative. The current price of 588 is below the 20-day moving average (MA) of 649.70, below the 50-day MA of 659.88, and below the 200-day MA of 680.60, indicating a bearish trend. The MACD of -23.94 indicates Positive momentum. The RSI at 29.35 is Positive, neither overbought nor oversold. The STOCH value of 9.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TAM.

Tatton Asset Management Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POLR	76 Outperform	£601.36M	5.68	31.19%	8.73%	7.71%	-7.39%
TAM	74 Outperform	£360.45M	12.13	32.90%	3.21%	20.46%	9.72%
JUP	74 Outperform	£949.12M	8.25	7.11%	2.70%	-4.38%	―
BRK	72 Outperform	£243.18M	13.32	7.58%	5.14%	-13.29%	63.87%
RAT	70 Outperform	£2.15B	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%
LIO	64 Neutral	£152.72M	11.47	9.72%	21.31%	-15.65%	-12.27%

Tatton Asset Management Plc Corporate Events

Tatton CIO Increases Stake with Purchase of Additional Shares

Tatton Asset Management plc disclosed that its Chief Investment Officer, Lothar Mentel, has purchased 1,757 ordinary shares in the company on 5 March 2026 on AIM at a price of 589.9p per share. Following this transaction, Mentel’s total holding has risen to 1,372,699 shares, representing 2.24% of the company’s issued share capital, signaling continued executive alignment with shareholder interests and confidence in the group’s prospects.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £666.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton CIO Exercises Share Options, Increases Stake to 2.24%

Tatton Asset Management has disclosed that its Chief Investment Officer, Lothar Mentel, has exercised options over 19,500 ordinary shares under the company’s 2017 EMI Scheme. The shares were satisfied through the firm’s Employee Benefit Trust, a common mechanism for delivering equity-based incentives without issuing new stock.

Following the transaction, Mentel’s holding has increased to 1,370,942 ordinary shares, representing 2.24% of Tatton’s issued share capital. The move marginally raises insider ownership and may be viewed by investors as a signal of executive confidence in the company’s prospects, while having no dilutive impact on existing shareholders.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton CEO Trims Stake but Retains Major Holding in Asset Manager

Tatton Asset Management has disclosed that its chief executive officer, Paul Hogarth, has sold 100,000 ordinary shares in the company at a price of 700 pence per share. Following the disposal, Hogarth remains a significant shareholder, retaining an interest in 8,986,227 ordinary shares, representing 14.66% of the company’s issued share capital.

The transaction, conducted on 12 February 2026 on AIM, has been notified in line with EU Market Abuse Regulation as applied in UK law. The sale provides transparency over dealings by senior management but does not in itself signal any stated change in strategy or operations for the investment management group.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £741.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton Asset Management Fully Utilises Block Listing for 2022 SAYE Scheme

Tatton Asset Management has provided an update on its existing block listing arrangements for shares issued under its 2022 Save As You Earn (SAYE) employee share scheme, confirming that all 19,929 previously unallotted securities covered by the block admission were issued or allotted during the period from 1 September 2025 to 30 January 2026, leaving no remaining balance under this specific block scheme. The update, which relates to the original admission of 45,046 ordinary shares on 1 September 2025, indicates that the current SAYE block admission capacity has now been fully utilised, signalling the completion of this tranche of employee share option exercises and associated share issuance under the 2022 scheme.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £741.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton CEO’s Associate Increases Stake, Lifting Executive Holding to Nearly 15%

Tatton Asset Management plc has disclosed that Judith Hogarth, a person closely associated with chief executive Paul Hogarth, has purchased 1,528 ordinary shares in the company at a price of 654.24p per share. Following this transaction, Paul Hogarth’s total interest has risen to 9,086,227 ordinary shares, representing 14.82% of the company’s issued share capital, signalling continued strong insider alignment with shareholders and confidence in the group’s prospects.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £744.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton Asset Management’s CIO Executes Strategic Share Transfer

Tatton Asset Management Plc announced a transaction involving its Chief Investment Officer, Lothar Mentel, who transferred shares from a General Investment Account to an Individual Savings Account. This transaction, conducted on the London Stock Exchange’s AIM market, reflects a strategic move by a key executive, potentially impacting the company’s stock dynamics and stakeholder perceptions.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £875.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.

Tatton Asset Management’s EBT Acquires Significant Shareholding

Tatton Asset Management PLC announced that its Employee Benefit Trust has purchased 287,946 Ordinary Shares, representing approximately 1.1% of the company’s issued Ordinary Share capital. This transaction signifies an investment in the company’s own shares, potentially indicating confidence in its future performance and stability, which may positively impact stakeholders’ perception.

The most recent analyst rating on (GB:TAM) stock is a Buy with a £875.00 price target. To see the full list of analyst forecasts on Tatton Asset Management Plc stock, see the GB:TAM Stock Forecast page.