XPS Pensions Group Plc (GB:XPS)
LSE:XPS
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XPS Pensions Group Plc
(LSE:XPS)
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Rating:70Outperform
Price Target:
335.00 p
▲(6.35% Upside)
Action:UpgradedDate:12/07/25
XPS Pensions Group Plc's overall stock score reflects strong corporate events and strategic growth initiatives, which are offset by concerns over valuation and financial performance. The company's recent acquisitions and major contract wins are positive indicators of future growth, but challenges in maintaining profitability and liquidity remain.
Positive Factors
Recurring, fee-based business model
XPS's core revenue derives from multi-year pensions administration contracts and advisory retainers, creating predictable, recurring cash flows and high client stickiness. This structural revenue base supports stable top-line visibility and long-term planning for the next 2-6 months and beyond.
Negative Factors
Falling net profit margins
A sharp decline in net margin signals rising costs or one-off charges reducing retained earnings. Persistently lower net margins constrain cash available for reinvestment, dividends or debt reduction and may depress return metrics over the coming 2-6 months absent cost action or revenue mix improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, fee-based business model
XPS's core revenue derives from multi-year pensions administration contracts and advisory retainers, creating predictable, recurring cash flows and high client stickiness. This structural revenue base supports stable top-line visibility and long-term planning for the next 2-6 months and beyond.
Read all positive factors
XPS Pensions Group Plc (XPS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£646.22M
Dividend Yield3.54%
Average Volume (3M)719.57K
Price to Earnings (P/E)20.1
Beta (1Y)1.02
Revenue Growth13.53%
EPS Growth-57.83%
CountryUK
Employees1,712
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding208,355,410
10 Day Avg. Volume709,702
30 Day Avg. Volume719,574
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)4.18
Price to Sales (P/S)3.34
P/FCF Ratio23.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£463.50Price Target Upside47.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.23
Revenue Forecast (FY)£278.50M
XPS Pensions Group Plc Business Overview & Revenue Model
Company Description
XPS Pensions Group plc, together with its subsidiaries, provides employee benefit consultancy and related business services in the United Kingdom. The company offers advisory services to pension schemes and corporate sponsors; independent investme...
How the Company Makes Money
XPS primarily generates revenue by providing fee-based professional services to clients that run or sponsor pension schemes. Its main revenue streams are: (1) Pensions administration fees: recurring revenues from ongoing administration of pension ...
XPS Pensions Group Plc Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.90M | 231.78M | 199.43M | 166.79M | 138.62M | 127.93M |
| Gross Profit | 129.85M | 122.92M | 104.01M | 65.36M | 55.56M | 49.93M |
| EBITDA | 64.05M | 57.26M | 79.27M | 34.58M | 30.26M | 24.36M |
| Net Income | 25.95M | 30.34M | 54.17M | 15.84M | 9.42M | 8.96M |
Balance Sheet | ||||||
| Total Assets | 321.54M | 323.48M | 281.87M | 283.76M | 271.65M | 266.01M |
| Cash, Cash Equivalents and Short-Term Investments | 10.84M | 14.72M | 10.01M | 13.29M | 10.15M | 8.62M |
| Total Debt | 89.19M | 68.97M | 32.55M | 77.25M | 74.99M | 70.95M |
| Total Liabilities | 153.31M | 138.07M | 96.01M | 134.48M | 127.22M | 116.95M |
| Stockholders Equity | 168.23M | 185.41M | 185.85M | 149.28M | 144.44M | 149.07M |
Cash Flow | ||||||
| Free Cash Flow | 34.33M | 33.63M | 35.42M | 26.13M | 18.10M | 26.42M |
| Operating Cash Flow | 35.56M | 41.82M | 42.93M | 31.58M | 27.44M | 29.32M |
| Investing Cash Flow | -22.00M | -21.86M | 29.17M | -13.76M | -9.37M | -3.61M |
| Financing Cash Flow | -12.29M | -15.25M | -75.39M | -14.69M | -16.54M | -31.52M |
XPS Pensions Group Plc Technical Analysis
Positive
315.00
Price Trends
307.20
Positive
324.36
Negative
335.18
Negative
Market Momentum
3.00
Negative
65.52
Neutral
76.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:XPS, the sentiment is Positive. The current price of 315 is above the 20-day moving average (MA) of 298.35, above the 50-day MA of 307.20, and below the 200-day MA of 335.18, indicating a neutral trend. The MACD of 3.00 indicates Negative momentum. The RSI at 65.52 is Neutral, neither overbought nor oversold. The STOCH value of 76.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:XPS.
XPS Pensions Group Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £126.19M | 10.13 | 20.23% | 3.00% | 16.79% | 26.31% | |
70 Outperform | £646.22M | 20.10 | 14.67% | 3.54% | 13.53% | -57.83% | |
65 Neutral | £314.90M | 6.43 | 23.94% | 4.65% | -2.79% | 37.33% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | £842.58M | 29.48 | 5.35% | 0.67% | 4.00% | -6.98% |
* Consumer Cyclical Sector Average
GB:XPS
XPS Pensions Group Plc
313.00
-53.12
-14.51%
GB:CVSG
CVS Group plc
1,201.00
192.02
19.03%
GB:MER
Mears Group Plc
378.50
7.91
2.14%
GB:RFX
Ramsdens Holdings
390.00
150.48
62.83%
XPS Pensions Group Plc Corporate Events
Financial Disclosures
XPS Pensions Group Schedules Post-Close Update and Full-Year Results
Neutral
Apr 2, 2026
XPS Pensions Group plc, a UK pensions and insurance consulting and administration specialist, supports over 1,300 pension schemes and their corporate sponsors, as well as UK insurers, using a mix of expertise, insight and technology. The group adm...
Business Operations and StrategyExecutive/Board Changes
XPS Pensions Director Michelle Cracknell to Leave External Board Roles
Positive
Mar 30, 2026
XPS Pensions Group plc announced that Independent Non-Executive Director Michelle Cracknell will step down from her external board roles at Just Group plc on 1 April 2026 and at PensionBee Group plc on 14 May 2026. The moves remove potential exter...
Executive/Board Changes
XPS Pensions Group adds two independent directors as long-serving board member exits
Positive
Mar 5, 2026
XPS Pensions Group plc has strengthened its board with the immediate appointment of April Talintyre and Michelle Cracknell as independent non-executive directors, adding deep financial services and pensions expertise. Both will sit on the remunera...
Regulatory Filings and Compliance
XPS Pensions CFO Reports Nil-Consideration Share Transfer to Spouse
Neutral
Feb 4, 2026
XPS Pensions Group plc has disclosed an internal share transfer involving its Chief Financial Officer, Snehal Shah, in line with UK Market Abuse Regulation reporting requirements. On 2 February 2026, Shah transferred 34,072 ordinary shares in the ...
Other
XPS Pensions Group CFO Sells 50,000 Shares but Retains Significant Stake
Neutral
Jan 19, 2026
XPS Pensions Group plc has disclosed that its Chief Financial Officer and person discharging managerial responsibilities, Snehal Shah, sold 50,000 ordinary shares in the company on 16 January 2026 at a price of 352.50p per share on the London Stoc...
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.