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.
Pollen Street Group Limited is a listed alternative asset manager founded in 2013, specializing in investments within the financial and business services sectors through Private Equity and Private Credit strategies. The company manages third-party assets under management via its Asset Manager division, generating recurring management fee income complemented by performance fees, while its Investment Company holds on-balance sheet investments aligned with core strategies, including direct investments and funds. It capitalizes on megatrends such as digital transformation and service unbundling in Private Equity, backing leadership teams in financial services ecosystems, and provides senior secured loans for everyday funding needs like SME support, home building, and vehicle financing in Private Credit. With assets under management reaching £4.2 billion as of December 2023 and a presence in London, Austin, and Abu Dhabi, Pollen Street Group Limited demonstrates strong growth in AuM, high earnings quality, and operational leverage. As a FTSE 250 constituent, it plays a significant role in alternative investments, employing 97 professionals and emphasizing responsible investing through data-driven governance and sustainable practices.
£8.80
+£0.10 (+1.15%)
EOD Jul 3, 2026
Revenue grew 16.1%, still solid. Free cash flow declined 45% despite revenue growth, conversion is weakening.
Free cash flow declined 45% versus the prior year, cash generation momentum has weakened. Net debt of £192M represents 4.1x FCF, leverage limits flexibility.
9.8x earnings, 11.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£119M
▲ +16.1% YoY
Net Income (TTM)
£57M
▲ +14.0% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£47M
▼ -44.7% YoY
Op. Cash Flow (TTM)
£72M
▼ -15.1% YoY
Net Debt
£192M
Cash & Equiv.
£12M
3Y CAGR: +32.5%
3Y CAGR: -12.4%
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At a P/E of 9.8 and a price-to-free-cash-flow of 11.9, Pollen Street Group (POLN.XLON) trades around a two-stage DCF intrinsic value of about £9.80 per share, so at £8.80 the stock looks around fair value (11.3% 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, Pollen Street Group scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.9%; 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 £9.80 per share for POLN.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 £7.35. At today's £8.80, that puts the stock about 11.3% 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.
Pollen Street Group scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. 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, Pollen Street Group pays a regular dividend of about £0.52 per share per year (typically in quarterly installments), a yield of roughly 5.9% at the current price. That is a payout ratio of about 57.9% of earnings, so the dividend is well covered. Pollen Street Group has grown the dividend at roughly 3.8% a year over the past few years. 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 POLN.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. POLN.XLON currently trades around its estimated intrinsic value and scores 39/100 on quality (lower-quality). It also yields about 5.9%. 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.