Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Liontrust Asset Management PLC is a United Kingdom-based specialist fund management company founded in 1994 and publicly listed since 1999. It provides a diverse range of investment products, including unit trusts, offshore funds, segregated mandates, discretionary portfolio management services, equity funds, fixed income, sustainable investment, multi-asset portfolios, and real assets funds, all underpinned by distinct, rigorous, and repeatable investment processes. The company serves institutional investors, wealth managers, financial advisers, private investors, family offices, private banks, and multi-managers across geographical segments in the United Kingdom, Europe (excluding the UK), Canada, and Australia. Headquartered at 2 Savoy Court in London with additional offices in Edinburgh and Luxembourg, Liontrust employs 182 staff and emphasizes a culture of courage, independence of thought, and active engagement with clients, staff, and society. Through strategic acquisitions such as Alliance Trust Investments, Neptune Investment Management, Architas, and Majedie Asset Management, it has expanded its expertise in sustainable, global equity, and multi-asset strategies, solidifying its role in the asset management sector.
£3.41
£0.01 (-0.29%)
EOD Jul 3, 2026
10.72% operating margin is respectable but not wide. ROIC at 7.63%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 20.9% YoY. Margins deteriorated 2.7pp alongside, both lines moving the wrong way.
Free cash flow declined 69% versus the prior year, cash generation momentum has weakened. ROIC dropped from 10.82% to 7.63%, capital efficiency is deteriorating.
22.1x earnings, 14.6x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£134M
▼ -20.9% YoY
Net Income (TTM)
£10M
▼ -42.5% YoY
Op. Margin
10.72%
▼ -2.7pp YoY
ROIC
7.63%
▼ -3.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£15M
▼ -68.6% YoY
Op. Cash Flow (TTM)
£59M
▲ +25.3% YoY
Net Debt
-£50M
Net Cash Position
Cash & Equiv.
£53M
3Y CAGR: -18.0%
3Y CAGR: -30.4%
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At a P/E of 22.1 and a price-to-free-cash-flow of 14.6, Liontrust Asset Management (LIO.XLON) trades below a two-stage DCF intrinsic value of about £4.84 per share, so at £3.41 the stock looks undervalued (42.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Liontrust Asset Management scores 42/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 16.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £4.84 per share for LIO.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £3.63. At today's £3.41, that puts the stock about 42.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Liontrust Asset Management scores 42 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 10.7% operating margin and a 7.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Liontrust Asset Management pays a regular dividend of about £0.57 per share per year (typically in quarterly installments), a yield of roughly 16.8% at the current price. That is a payout ratio of about 372.5% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For LIO.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. LIO.XLON currently trades below its estimated intrinsic value and scores 42/100 on quality (mixed). It also yields about 16.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.