Peel Hunt returns to profit on cost discipline in FY26
Peel Hunt returns to profit on cost discipline in FY26
Overview
UK investment bank's FY26 revenue rose 57% yr/yr, driven by record Investment Banking results
Profit before tax rebounded to £21.1m from a loss last year
Company attributes growth to M&A advisory strength, cost control and international expansion
Outlook
Peel Hunt says UK market confidence and transactional activity weighed by inflation and political uncertainty
Company expects recovery in UK ECM, IPO and M&A to depend on greater macroeconomic stability
Peel Hunt is pursuing initiatives to enhance market share and diversify revenues across the Group
Result Drivers
M&A ADVISORY STRENGTH - Exceptional M&A performance drove record Investment Banking revenue, with the company acting on major public transactions and expanding its FTSE 350 client base
EXECUTION SERVICES GROWTH - Increased market volatility and investment in proprietary trading technology boosted Execution Services revenue
COST CONTROL - Disciplined cost management and a leaner operating model supported improved profitability
Company press release: ID:nRSO1854Ia
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Beat | GBP 143.50 mln | GBP 141.40 mln (1 Analyst) |
FY Basic EPS | Miss | GBP 0.13 | GBP 0.15 (1 Analyst) |
FY Pretax Profit | Miss | GBP 21.10 mln | GBP 23.50 mln (1 Analyst) |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Peel Hunt Ltd is GBp130.00, about 34.7% above its June 12 closing price of GBp96.50
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)