- St James’s Place reported an Embedded Economic Value (EEV) net asset value per share of GBP 16.25, which was below the estimate of GBP 17.12.
- The company’s EEV new business profit reached GBP 801.0 million.
- Management fees amounted to GBP 1.11 billion, matching the market estimate.
- The underlying cash profit was GBP 447.2 million, surpassing the estimate of GBP 421.4 million.
- Funds under management hit a record high of GBP 190.21 billion, slightly above the estimated GBP 190.38 billion.
- The company experienced sustained net inflows and strong investment returns, contributing to record-high funds under management.
- Underlying cash profit improved by 14% compared to 2023, despite incurring short-term costs in 2024.
- St James’s Place made good progress on its key programs of work, aligning with financial guidance.
- There is a high demand and need for financial advice driven by systemic factors.
- Analyst recommendations include 11 buy ratings and 5 hold ratings, with no sell ratings.
“`
St James’S Place on Smartkarma
Analyst coverage of St. James’S Place on Smartkarma reveals insights from Value Investors Club. In a recent report published on Friday, Sep 6, 2024, analysts project a 6% decline in earnings power for St. James’s Place plc. Despite this decline, there is potential for a significant value increase by 2030, presenting an attractive opportunity for investors. The company has faced challenges such as a 50% share decline due to changes in fee structure impacting earnings, regulatory provisions, and a dividend cut. However, the long-term promise of the company’s SaaS conversion adds to its appeal. This information, generated through publicly available sources, highlights the current low valuation as a strategic opportunity for investors.
A look at St James’S Place Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
St. James’s Place Plc, a financial services holding company primarily focused on life insurance and unit trust management, has received a mixed outlook based on Smartkarma Smart Scores. While the company scored high in Momentum, indicating strong positive price trends, its Value and Dividend scores are lower, highlighting potential concerns in these areas. With moderate scores for Growth and Resilience, St. James’s Place seems to be positioned for steady development and resilience in the face of challenges.
The Group’s diverse product offerings, including pensions, offshore products, mortgage advisory services, and banking services through St. James’s Place Bank, cater primarily to the United Kingdom market. Despite the varying scores across different factors, St. James’s Place appears to have a promising long-term outlook, supported by its established presence in the financial services sector and a solid foundation for growth and stability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
