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AJ Bell plc (AJB.L)

GBp604.50 +11.00 (+1.85%)
GB LSE Financial Services Asset Management
Address 4 Exchange Quay M5 3EE
Manchester, GB
CEO Michael Thomas Summersgill
Website ajbell.co.uk
IPO 2018-12-07
ISIN GB00BFZNLB60

Explore sections of this company profile

Description

AJ Bell plc manages a significant network of investment platforms across the United Kingdom. The company provides two primary offerings: 'AJ Bell Investcentre,' a robust platform designed for regulated financial advisers and wealth managers, equipping them with products, services, investment solutions, and online tools to efficiently oversee their retail customers' portfolios; and 'AJ Bell Youinvest,' which caters directly to individual investors, supplying investment options such as proprietary funds, pre-built portfolios, and expert guidance through its fund list, along with cash savings solutions. In addition to its platform services, AJ Bell offers specialized pension administration for both adviser-led and direct-to-consumer clients, including bespoke Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs), alongside white-label SIPP administration. The company also furnishes institutional investment businesses with essential dealing, settlement, and custody services. Further supporting its platform propositions, AJ Bell publishes Shares magazine and other exclusive investment content. Founded in 1995, AJ Bell plc is headquartered in Manchester, United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp604.50 +11.00 (+1.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.86
Float Shares
320.66M
Free Float %
81.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.07% +25.10% +21.55% +55.16% +27.45% +45.74% +30.21% +105.43% +51.29% +192.27% +192.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
604.50
DCF (Unlevered) 884.57 +46.3%
DCF (Levered) 982.20 +62.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 41% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 -1
Hold 9 +1
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
25.45
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • ✓
    Revenue growth Asset Management: +17.4%
    +18.0% ★ Q1'26: +39.4% (vs Q1'24)
  • ✓
    EPS growth Asset Management: +22.7%
    +30.0% ★ Q1'26: +54.5% (vs Q1'24)
  • ✓
    FCF margin FCF growth · Asset Management: +27.7%
    +30.8% Q1'26: +23.6% (vs Q1'24)
  • ✓
    EBIT margin Asset Management: +50.6%
    +43.7% Q1'26: +51.0% (vs Q1'24)
  • ✓
    ROIC Asset Management: +6.5%
    +256.1% ★ Q1'26: +492.6% (vs Q1'24)
  • ✓
    Share dilution Asset Management: +0.0%
    -0.7% ★ Q1'26: -2.4% (vs Q1'24)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.08× ★ Q1'26: 0.03× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.82) × ERP
WACC = 100% × Ke + 0% × Kd (7.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 884.57 Current price: 604.50
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2018
actual 		Sep 2019
actual 		Sep 2020
actual 		Sep 2021
actual 		Sep 2022
actual 		Sep 2023
actual 		Sep 2024
actual 		Sep 2025
actual 		Sep 2026
10 Rev. Ana.
9 EPS Ana. 		Sep 2027
13 Rev. Ana.
13 EPS Ana. 		Sep 2028
10 Rev. Ana.
8 EPS Ana. 		Sep 2029
5 Rev. Ana.
3 EPS Ana.
Revenue
89.67M
est: 89.70M (0.0%)
104.86M
est: 104.05M (+0.8%)
126.75M
est: 120.36M (+5.3%)
145.83M
est: 146.81M (-0.7%)
163.85M
est: 160.90M (+1.8%)
218.23M
est: 244.98M (-10.9%)
269.44M
est: 261.49M (+3.0%)
317.85M
est: 315.39M (+0.8%)
365.15M
359.18M – 373.03M
+15.8% YoY
398.33M
366.25M – 434.66M
+9.1% YoY
439.65M
431.57M – 447.73M
+10.4% YoY
523.90M
498.01M – 554.00M
+19.2% YoY
EBITDA
32.35M
est: 37.52M (-13.8%)
40.43M
est: 43.53M (-7.1%)
52.81M
est: 45.95M (+14.9%)
59.83M
est: 47.73M (+25.3%)
62.60M
est: 51.46M (+21.7%)
90.99M
est: 102.47M (-11.2%)
116.61M
est: 109.01M (+7.0%)
142.84M
est: 131.93M (+8.3%)
152.74M
150.24M – 156.04M
+15.8% YoY
166.62M
153.20M – 181.81M
+9.1% YoY
183.90M
180.53M – 187.28M
+10.4% YoY
219.15M
208.31M – 231.74M
+19.2% YoY
EBIT
28.38M
est: 35.82M (-20.8%)
37.74M
est: 41.56M (-9.2%)
49.40M
est: 42.88M (+15.2%)
56.21M
est: 44.54M (+26.2%)
58.96M
est: 48.01M (+22.8%)
86.20M
est: 97.84M (-11.9%)
113.18M
est: 78.14M (+44.8%)
138.76M
est: 125.96M (+10.2%)
145.83M
143.45M – 148.98M
+15.8% YoY
159.09M
146.27M – 173.59M
+9.1% YoY
175.59M
172.36M – 178.81M
+10.4% YoY
209.23M
198.89M – 221.26M
+19.2% YoY
Net Income
22.65M
est: 222.50M (-89.8%)
30.35M
est: 31.08M (-2.4%)
38.83M
est: 34.79M (+11.6%)
43.82M
est: 36.14M (+21.3%)
46.74M
est: 58.68M (-20.3%)
68.22M
est: 81.33M (-16.1%)
84.30M
est: 89.51M (-5.8%)
105.12M
est: 105.12M (+0.0%)
112.96M
110.40M – 126.68M
+7.5% YoY
118.43M
113.96M – 145.12M
+4.8% YoY
134.92M
132.00M – 154.32M
+13.9% YoY
181.37M
169.72M – 194.92M
+34.4% YoY
SGA
59.10M
est: 53.78M (+9.9%)
65.38M
est: 62.39M (+4.8%)
72.34M
est: 74.94M (-3.5%)
86.34M
est: 77.84M (+10.9%)
101.20M
est: 83.92M (+20.6%)
132.01M
est: 146.88M (-10.1%)
162.16M
est: 123.90M (+30.9%)
184.75M
est: 189.10M (-2.3%)
218.92M
215.35M – 223.65M
+15.8% YoY
238.82M
219.59M – 260.60M
+9.1% YoY
263.59M
258.75M – 268.44M
+10.4% YoY
314.11M
298.58M – 332.15M
+19.2% YoY
EPS
0.06
est: 0.54 (-89.6%)
0.08
est: 0.08 (-0.6%)
0.10
est: 0.09 (+6.0%)
0.11
est: 0.11 (-1.7%)
0.11
est: 0.11 (+2.4%)
0.17
est: 0.20 (-14.0%)
0.20
est: 0.20 (-2.2%)
0.26
est: 0.25 (+3.3%)
0.28
0.27 – 0.31
+12.4% YoY
0.31
0.28 – 0.35
+10.3% YoY
0.35
0.32 – 0.38
+12.6% YoY
0.44
0.41 – 0.47
+25.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-21 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-20 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-19 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-18 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-15 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-14 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-13 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-12 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-11 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-08 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-01 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-29 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-04-28 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-04-27 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-04-24 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-04-23 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-22 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-21 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-20 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-17 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
204.66M
OE per share TTM
0.50
Owner's Yield
7.93%
Maintenance CapEx ratio
2.53%
Maint CapEx / Avg PPE
7.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 93 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi Prime UK Mid & Small Cap UCITS ETF DR - GBP (D) PRUK.L 1.09% 4.65M 0.05%
2 Vanguard FTSE 250 UCITS ETF (GBP) Distributing VMID.DE 0.66% 17.35M 0.10%
3 Vanguard FTSE 250 UCITS ETF VMIG.MI 0.66% 17.35M 0.10%
4 HSBC FTSE 250 UCITS ETF HMCX.L 0.65% 441.4K 0.09%
5 Invesco FTSE 250 UCITS ETF S250.L 0.65% 232.3K 0.12%
6 iShares FTSE 250 UCITS ETF MIDD.L 0.65% 5.47M 0.40%
7 Xtrackers FTSE 250 UCITS ETF 1D XMCX.L 0.63% 243.6K 0.15%
8 iShares MSCI UK Small Cap UCITS ETF CUKS.L 0.56% 715.0K 0.58%
9 iShares MSCI United Kingdom Small-Cap ETF EWUS 0.56% 224.8K 0.59%
10 WisdomTree UK Quality Dividend Growth UCITS ETF - GBP UGRW.L 0.52% 56.8K 0.29%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
95.0K
Shares Outstanding
395.14M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Michael T. Summersgill Chief Executive Officer, Member of the Management Board & Executive Director 581.0K male
Peter Birch Chief Financial Officer, Executive Director & Member of Management Board 465.0K male
Charlie Musson Chief Product Officer & Member of Management Board — male
Elizabeth Anne Carrington HR Director & Member of the Management Board — female
Karen Goodman Chief Risk Officer & Member of Management Board — female
Kina Sinclair Secretary & Group Legal Services Director — female
Mohamed Tagari Chief Technology Officer & Member of Management Board — male
Ryan Hughes Managing Director of AJ Bell Investments — male
Alison Mollard Head of Sales — female
Stephen Vowles Chief Marketing Officer — male
Billy Mackay MD of Advised & Member of Management Board — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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