Quilter PLC (QLT.L)：模型更新

PDF 第一页内容摘录（原文）

Flash |

31 Jul 2026 13:05:54 ET │ 13 pages

Quilter PLC (QLT.L)

Model Update

CITI'S TAKE

Neutral

Price (31 Jul 26 16:30)

Target price

from £1.95

Expected share price return

Expected dividend yield

Expected total return

Market Cap

We update our Quilter model ahead of its H1 2026 update due to be

reported on 6 August, increasing our FY 2026 EPS estimate by c3% and

our outer year EPS estimates by c7%. This is primarily driven by strong

markets in Q2, which has also been observed by peers that have already

reported: interactive investor (Aberdeen) and AJ Bell both saw 9%, whilst

St. James’s Place saw 10% market uplift in Q2. Quilter trades on 12x our FY

2028E EPS. We increase our target price from 195p to 210p on the

estimate change and reiterate our Neutral rating.

Andrew Lowe, CFAAC

Quilter PLC (GBP)

Year to 31 Dec

2024A

2025A

2026E

2027E

2028E

Operating Profit (£M)

Diluted EPS (p)

178.0

9.7

189.0

10.1

227.6

12.5

269.0

15.1

294.1

16.9

Diluted EPS (Old) (p)

9.7

10.1

12.2

14.1

15.8

PE (x)

20.0

19.2

15.4

12.8

11.4

DPS (p)

5.9

6.3

6.5

7.6

8.4

Net Div Yield (%)

3.1

3.3

3.9

4.4

Solvency II BV Per Share (p)

0.0

Price/ SIIBVPS (x)

na