Wilmington (WIL) AI Stock Analysis

• Market Cap: £267.77M
• Dividend Yield: 3.85%
• Average Volume (3M): 152.15K
• Price to Earnings (P/E): 23.6
• Beta (1Y): 0.26
• Revenue Growth: 3.22%
• EPS Growth: -71.97%
• Country: UK
• Employees: 600
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Conglomerates
• EPS (TTM): 0.10
• Shares Outstanding: 89,659,770
• 10 Day Avg. Volume: 66,641
• 30 Day Avg. Volume: 152,152
• PEG Ratio: -0.37
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 3.06
• P/FCF Ratio: 18.30
• 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: £475.00
• Price Target Upside: 56.25% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: 341.00p ▲(12.17% Upside)

Wilmington's strong financial performance and positive corporate events are the most significant factors driving the score. However, technical indicators suggest a bearish trend, and valuation metrics indicate the stock is fairly valued. The absence of earnings call data limits further insights.

Positive Factors

Revenue Growth

The robust revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion and competitiveness.

Balance Sheet Health

Minimal leverage enhances financial stability, providing flexibility for strategic investments and resilience against economic downturns.

Cash Generation Ability

Efficient cash generation relative to earnings ensures liquidity and supports reinvestment in growth opportunities, sustaining long-term operations.

Negative Factors

Gross Profit Margin Decline

A declining gross profit margin may indicate rising costs or pricing pressures, potentially impacting profitability if not managed effectively.

Operational Cash Conversion

Low operational cash conversion efficiency could limit liquidity, affecting the ability to fund operations and invest in growth without external financing.

EPS Growth Decline

A significant decline in EPS growth may reflect challenges in profitability and could impact investor confidence and the company's ability to attract capital.

Wilmington Business Overview & Revenue Model

Company Description

Wilmington plc provides data information, training, and education services to professional markets worldwide. The company operates in two divisions, Information & Data and Training & Education. The Information & Data division offers risk and compliance data to a range of industries, including insurance, pensions, and healthcare The Training & Education division provides compliance training and technical support comprising formal qualifications, continuing education, and mandatory training through instructor-led and self-guided formats for customers across various industries, such as financial services, accountancy, and healthcare. The company also provides information and events for professional practice management; witness training and conference services; cloud-based insight, CRM, KAM, and consultancy services to the pharmaceutical industry; training courses in compliance and money laundering; business intelligence, data analysis, workflow tools, reference information, and other services, as well as online education for the healthcare industry; and post-qualification legal training services. In addition, it offers marketing support services for the accountancy profession; legacy information services; intelligence and investigative skills training services; Spanish language subscription-based publications; trust and shared services; and professional association services, as well as operates conference and networking provider of specialist events in healthcare and finance. The company was formerly known as Wilmington Group plc and changed its name to Wilmington plc in February 2015. Wilmington plc was incorporated in 1995 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Wilmington generates revenue through a combination of subscription-based services, one-time sales of research reports, and licensing fees for proprietary data and software. Key revenue streams include ongoing subscriptions to its legal and financial information platforms, which provide users with access to comprehensive databases and analytical tools. Additionally, the company earns revenue through tailored training programs and consultancy services that help clients navigate complex regulatory environments. Strategic partnerships with industry associations and technology firms further enhance Wilmington's market reach and contribute to its earnings by expanding its service offerings and customer base.

Wilmington Financial Statement Overview

Summary

Wilmington demonstrates strong financial performance with significant revenue growth and solid profitability margins. The balance sheet is robust with minimal leverage, ensuring financial stability. While cash flow generation is healthy, there is potential for improvement in operational cash conversion.

Income Statement

Wilmington has shown strong revenue growth of 50.1% in the latest year, indicating a robust expansion trajectory. The gross profit margin has slightly decreased to 23.5%, but the net profit margin remains healthy at 11.4%. The EBIT and EBITDA margins are solid at 21.0% and 24.1%, respectively, reflecting efficient operational management. However, the decline in gross profit margin suggests potential cost pressures.

Balance Sheet

The company maintains a very low debt-to-equity ratio of 0.012, indicating minimal leverage and financial stability. The return on equity is moderate at 10.3%, suggesting decent profitability for shareholders. The equity ratio stands at 63.7%, highlighting a strong equity base relative to total assets. Overall, the balance sheet reflects a stable financial position with low risk.

Cash Flow

Free cash flow has slightly decreased by 2.92%, but the company maintains a strong free cash flow to net income ratio of 1.0, indicating efficient cash generation relative to earnings. The operating cash flow to net income ratio is 0.31, suggesting room for improvement in converting earnings into cash flow. Overall, cash flow management is solid but could benefit from enhanced operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	101.49M	101.49M	98.32M	123.50M	121.03M	113.03M
Gross Profit	23.85M	23.85M	26.56M	26.36M	23.78M	17.64M
EBITDA	24.47M	24.47M	29.19M	25.46M	45.66M	8.96M
Net Income	11.56M	11.56M	41.21M	20.20M	32.83M	-4.55M
Balance Sheet
Total Assets	176.99M	176.99M	171.65M	145.70M	129.76M	130.34M
Cash, Cash Equivalents and Short-Term Investments	42.24M	42.24M	67.52M	42.17M	19.79M	7.37M
Total Debt	1.40M	1.40M	2.83M	7.21M	7.51M	34.82M
Total Liabilities	64.25M	64.25M	56.34M	65.06M	62.67M	93.67M
Stockholders Equity	112.75M	112.75M	115.31M	80.65M	67.09M	36.67M
Cash Flow
Free Cash Flow	16.96M	16.96M	22.16M	28.85M	18.62M	10.05M
Operating Cash Flow	16.96M	16.96M	22.53M	29.90M	20.35M	13.07M
Investing Cash Flow	-28.39M	-28.39M	11.98M	750.00K	24.76M	1.73M
Financing Cash Flow	-14.14M	-14.14M	-9.18M	-9.01M	-29.26M	-31.99M

Wilmington Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 304.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIL, the sentiment is Neutral. The current price of 304 is above the 20-day moving average (MA) of 301.82, below the 50-day MA of 308.42, and below the 200-day MA of 329.72, indicating a neutral trend. The MACD of -2.71 indicates Negative momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:WIL.

Wilmington Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRAN	75 Outperform	£267.63M	33.70	3.61%	1.52%	15.22%	1.23%
ELIX	75 Outperform	£399.87M	21.35	15.29%	2.13%	32.67%	-1.61%
WIL	70 Outperform	£267.77M	23.62	10.14%	3.85%	3.22%	-71.97%
BRCK	67 Neutral	£169.45M	15.78	5.63%	6.70%	8.83%	27.20%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
RCDO	62 Neutral	―	―	―	―	-8.12%	-794.85%
RWA	53 Neutral	£86.82M	-5.98	-11.22%	12.88%	-14.31%	-361.93%

Wilmington Corporate Events

Wilmington Completes Acquisition of RegTech Firm Conversia

Wilmington plc has successfully completed the acquisition of Professional Group Conversia, S.L.U., a RegTech software business. This acquisition is expected to enhance Wilmington’s offerings in the Governance, Risk, and Compliance sector, potentially strengthening its market position and providing new opportunities for growth.

Wilmington Leadership Increases Shareholdings, Signaling Confidence

Wilmington plc announced that its CEO, Mark Milner, and Chair, Gordon Hurst, have both increased their shareholdings in the company. Milner purchased 8,315 shares, raising his total to 458,664 shares, while Hurst acquired 10,000 shares, bringing his total to 40,000 shares. These transactions, conducted on November 28, 2025, reflect the confidence of the company’s leadership in Wilmington’s future prospects and may positively influence stakeholder perception.

Wilmington plc Secures Spanish Clearance for Conversia Acquisition

Wilmington plc has received clearance in Spain to complete its acquisition of the RegTech software business, Professional Group Conversia, S.L.U. This acquisition is set to enhance Wilmington’s international presence in the GRC markets, particularly in the growing Spanish Data Privacy sector. The acquisition is expected to be earnings enhancing, with more than 70% of revenue being annually recurring. Wilmington has secured new debt facilities with HSBC Innovation Bank Limited and Barclays Bank PLC to fund the acquisition and support its corporate and working capital needs.

Wilmington plc Successfully Passes All AGM Resolutions

Wilmington plc announced that all resolutions proposed at its annual general meeting were successfully passed. The resolutions included approval of the annual report, directors’ remuneration report, declaration of a final dividend, reappointment of directors and auditors, and authorities related to securities and share purchases. This outcome reflects strong shareholder support and positions Wilmington to continue its strategic initiatives with renewed governance and financial oversight.

Wilmington Announces Board Changes Amid Strategic Refocus

Wilmington plc announced that Helen Sachdev, the Senior Independent Director and Chair of the Remuneration Committee, will step down from the Board at the end of her term in April 2026. The company will review its Board composition options following her departure. This change comes as Wilmington has successfully restructured its business portfolio to focus on the expanding international GRC markets, a strategy in which Sachdev played a crucial role.

Wilmington plc Grants Share Options to Executive Director

Wilmington plc announced the granting of nil cost options over 10,397 ordinary shares to Executive Director Guy Millward under the Wilmington Deferred Bonus Plan 2021. This move aligns with the company’s strategy to incentivize its leadership, potentially impacting its operational dynamics and market positioning.

Wilmington PLC Announces Vesting of Share Awards and Bonuses

Wilmington PLC announced the vesting of nil cost awards and deferred bonuses totaling 357,377 ordinary shares to employees and former employees under the 2017 Performance Share Plan and the 2021 Deferred Bonus Plan. The shares were settled using the company’s treasury shares, with some employees opting to sell shares to cover tax liabilities. This transaction reflects Wilmington’s ongoing commitment to employee compensation and may impact the company’s shareholding structure, as key personnel retain significant shares.

Wilmington plc Updates Voting Rights and Capital Structure

Wilmington plc has announced its updated voting rights and capital structure as of September 30, 2025. The company reports having 90,232,415 ordinary shares in issue, with 572,648 held in treasury, resulting in total voting rights of 89,659,767. This figure is crucial for shareholders to determine their notification obligations regarding changes in their shareholding under the relevant financial regulations.

Wilmington plc Grants Share Awards to Key Executives

Wilmington plc has announced the grant of nil cost awards over 560,800 ordinary shares and options with a per share exercise price of £3.35 over 180,949 ordinary shares under its Performance Share Plan 2017. These awards were allocated to employees, including key executives and directors, with vesting contingent on performance conditions assessed over three years and a retention requirement for shares acquired by directors and PDMRs. This move is likely aimed at aligning the interests of management with shareholders and incentivizing performance, which could strengthen Wilmington’s market position and stakeholder confidence.

Wilmington Chair Increases Stake with Share Purchase

Wilmington plc announced that its Chair, Gordon Hurst, has purchased 30,000 ordinary shares of the company at an average price of 348.75 pence per share. This transaction increases his total holding to 30,000 shares, representing 0.03% of the company’s issued share capital with voting rights. This move could indicate confidence in the company’s future prospects and may impact investor perceptions positively.

Wilmington Director Increases Stake with Share Purchase

Wilmington plc announced that Gordon Hurst, a non-executive director, purchased 30,000 ordinary shares at an average price of 348.75 pence per share, representing 0.03% of the company’s issued share capital with voting rights. This transaction highlights a potential vote of confidence in the company’s future prospects from its board members, which could positively influence stakeholder perceptions and market positioning.

Wilmington plc Reports Strong Financial Growth and Strategic Acquisitions in GRC Markets

Wilmington plc reported strong financial performance for the year ended 30 June 2025, with an 11% increase in ongoing revenue to £99.5m and an 18% rise in adjusted profit before tax to £28.4m. The company continued its strategic focus on the GRC markets, enhancing its portfolio through acquisitions such as Phoenix Health & Safety and the proposed acquisition of Conversia, while divesting non-core assets like Compliance Week. These moves are part of Wilmington’s strategy to deepen its expertise in GRC markets and improve the quality of its revenues and profits, positioning the company for further growth.