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IntegraFin Holdings PLC (IHP) AI Stock Analysis
IntegraFin Holdings PLC
(LSE:IHP)
The score is driven primarily by stable financial health (strong revenue growth, profitability, cash conversion, and low leverage) and a supportive technical uptrend (price above key moving averages with positive MACD). The latest earnings call adds confidence via upgraded interest income guidance, strong inflows, margin expansion, and a higher dividend, while valuation is only middling (P/E ~20.9) and operational efficiency/margin and regulatory-capital items remain key watchouts.
IntegraFin Holdings PLC (IHP) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 1.25B
- Dividend Yield
- 3.13%
- Average Volume (3M)
- 570.68K
- Price to Earnings (P/E)
- 19.7
- Beta (1Y)
- 1.22
- Revenue Growth
- 37.79%
- EPS Growth
- 29.03%
- Country
- UK
- Employees
- 682
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
IntegraFin Holdings PLC Business Overview & Revenue Model
Company Description
IntegraFin Holdings plc, together with its subsidiaries, provides software and services for clients and UK financial advisers in the United Kingdom and Isle of Man. It operates through three segments: Investment Administration Services, Insurance and...
How the Company Makes Money
IntegraFin primarily makes money from fees generated by its Transact investment platform. The core revenue stream is platform-based charges that are typically linked to assets held/managed on the platform (often expressed as a percentage-based fee on...
IntegraFin Holdings PLC Earnings Call Summary
The call presented a broadly positive performance: strong record gross inflows, double‑digit revenue growth, robust profit growth (PBT +16%) and margin expansion to 51%, supported by excellent cash conversion and an increased interim dividend. Operational initiatives—APIs, automation and selective AI adoption—are intended to drive further efficiency and scalability. Headwinds are manageable: revenue margin moderation from tiered pricing and prior fee reductions, a one‑off rise in regulatory capital requirements, and some non‑recurring cost benefits that temper sustainable cost declines. Management reiterated conservative cost guidance (3% admin growth) and maintained capital allocation discipline. On balance, the strengths and momentum materially outweigh the manageable challenges.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reiterated no change to revenue and cost guidance, targeting underlying administrative expense growth of 3% in FY26 and FY27 (FY26 admin expense target ~£94m) with H2 cost growth expected to slow versus H1, upgraded net interest income to £10m (FY26) and £11m (FY27) and expecting net policyholder gains of ~£2m pa; they expect revenue‑margin moderation to slow (c.1bp YoY impact from tiered pricing and prior family‑linked fee cuts, with roughly 3/4 of FUD growth flowing into annual charge income), and continued strong cash conversion of ~100% (HY26: PAT £33m, liquidity generated £34m). The board retains a 60–65% payout policy and declared a 3.8p interim dividend (+15%); H1 operational/financial context: average daily FUD +17% to £77.5bn, gross inflows >£6bn, net inflows £2.4bn (+14%), platform revenue £83.2m (+11%), group revenue £85.8m (+11%), underlying PBT £43.9m (+16%) and PBT margin 51%.
IntegraFin Holdings PLC Financial Statement Overview
Summary
Financials look solid overall: strong revenue growth (+22.41%) and healthy net profit margin (25.87%) are supported by strong cash generation (operating cash flow to net income 7.88; free cash flow conversion near 1). Balance sheet leverage is conservative (debt-to-equity 0.06) with strong ROE (22.81%). The main offset is operational pressure shown by sharply weaker EBIT/EBITDA margins turning negative, signaling cost/efficiency challenges.
Income Statement
65PositiveBalance Sheet
75PositiveCash Flow
70Positive| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.60M | 198.30M | 144.90M | 134.90M | 133.60M | 123.70M |
| Gross Profit | 225.00M | 189.10M | 141.90M | 131.00M | 90.00M | 150.62M |
| EBITDA | -159.70M | -191.40M | 110.10M | -153.70M | -130.50M | 97.90M |
| Net Income | 63.10M | 51.30M | 52.10M | 49.90M | 44.00M | 51.10M |
Balance Sheet | ||||||
| Total Assets | 35.78B | 34.08B | 29.16B | 24.71B | 22.43B | 23.29B |
| Cash, Cash Equivalents and Short-Term Investments | 290.80M | 268.40M | 200.70M | 200.30M | 186.10M | 1.45B |
| Total Debt | 13.20M | 20.00M | 9.40M | 1.10M | 2.80M | 5.00M |
| Total Liabilities | 35.55B | 33.85B | 28.95B | 24.52B | 22.26B | 23.12B |
| Stockholders Equity | 232.30M | 224.90M | 208.30M | 189.90M | 173.20M | 163.27M |
Cash Flow | ||||||
| Free Cash Flow | 520.20M | 335.90M | 276.30M | 6.50M | 235.90M | -56.90M |
| Operating Cash Flow | 524.10M | 340.50M | 277.20M | 7.20M | 236.30M | -56.24M |
| Investing Cash Flow | -17.00M | -28.40M | 29.40M | -14.40M | 400.00K | -9.35M |
| Financing Cash Flow | -40.80M | -39.90M | -36.80M | -37.10M | -37.90M | -31.73M |
IntegraFin Holdings PLC Peers Comparison
Overall Rating
GB:AJB74Outperform
GB:QLT73.85Outperform- GB:IHP72Outperform
GB:RAT67Neutral
GB:BRK61Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:AJB | 74Outperform | GBP 2.28B | 19.37 | 57.35% | 2.54% | 19.27% | 40.49% |
| GB:QLT | 74Outperform | GBP 2.40B | 20.86 | 8.39% | 3.48% | 191.46% | ― |
| GB:IHP | 72Outperform | GBP 1.25B | 19.74 | 27.60% | 3.13% | 37.79% | 29.03% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| GB:RAT | 67Neutral | GBP 1.77B | 13.97 | 8.95% | 5.77% | 5.39% | 85.13% |
| GB:BRK | 61Neutral | GBP 225.42M | 97.33 | 1.65% | 5.68% | 5.83% | -76.72% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:IHP | IntegraFin Holdings PLC | 377.00 | 22.57 | 6.37% | |
| GB:BRK | Brooks Macdonald | 1460.00 | -174.56 | -10.68% | |
| GB:RAT | Rathbones Group PLC | 1732.00 | 19.54 | 1.14% | |
| GB:AJB | AJ BELL | 581.00 | 55.02 | 10.46% | |
| GB:QLT | Quilter Plc | 183.80 | 6.00 | 3.38% |
IntegraFin Holdings PLC Corporate Events
IntegraFin’s Transact platform posts record inflows and higher revenue in FY26
PositiveIntegraFin Holdings reported continued growth on its Transact platform in Q4 FY26, with funds under direction rising 17% year-on-year to £86.5bn and average daily funds up 20%. Gross inflows reached a record £11.2bn for the year, net inflow...
IntegraFin Awards Shares to Senior Executives Under Incentive Plan
NeutralIntegraFin Holdings plc has disclosed routine share dealings under its 2018 Share Incentive Plan involving three senior executives. The trustee of the plan acquired ordinary shares on the market at £3.71 each and allocated a mix of partnership a...
IntegraFin allocates share incentives to top executives under 2018 plan
NeutralIntegraFin Holdings plc has allocated ordinary shares to its chief executive Alexander Scott, executive director Thomas Dunbar and chief financial officer Euan Marshall under the company’s 2018 Share Incentive Plan. The trustee purchased partne...
IntegraFin executives receive shares under 2018 incentive plan
NeutralIntegraFin Holdings plc has disclosed routine share transactions involving its senior leadership under the company’s 2018 Share Incentive Plan. The trustee of the plan acquired ordinary shares at £3.905 each on the market and allocated bot...
IntegraFin Discloses Share Purchases by Associate of CFO
NeutralIntegraFin Holdings plc has disclosed share purchases made by an individual closely associated with chief financial officer Euan Marshall, in line with EU Market Abuse Regulation requirements. The transactions, executed on the London Stock Exchange,...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 26, 2026