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PensionBee Group PLC
(LSE:PBEE)
Select Model
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Rating:51Neutral
Price Target:
126.00 p
▼(-19.23% Downside)
Action:Reiterated
Date:03/13/26
The score is held back primarily by continued losses, the 2025 return to negative operating/free cash flow, and weak technical momentum (below key moving averages with negative MACD). These are partially offset by strong revenue growth and a conservatively financed balance sheet with very low leverage.
Positive Factors
Multi-year revenue growth
Sustained top-line growth demonstrates durable customer adoption of the pension consolidation platform and supports recurring AUM fee income. This trend indicates expanding scale and strengthens the compounding potential of AUM-linked revenues over the next several quarters as clients transfer and retain pensions.
Negative Factors
Still loss-making
Persistent negative operating margins mean the core business has not yet reached self-sustaining profitability. Continued losses constrain free cash flow and require ongoing capital support or disciplined cost control to avoid dilution, limiting durable shareholder returns until margins turn sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained top-line growth demonstrates durable customer adoption of the pension consolidation platform and supports recurring AUM fee income. This trend indicates expanding scale and strengthens the compounding potential of AUM-linked revenues over the next several quarters as clients transfer and retain pensions.
Read all positive factors
PensionBee Group PLC (PBEE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£310.52M
Dividend YieldN/A
Average Volume (3M)89.92K
Price to Earnings (P/E)―
Beta (1Y)0.90
Revenue Growth28.33%
EPS Growth14.18%
CountryUK
Employees204
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding238,860,600
10 Day Avg. Volume204,576
30 Day Avg. Volume89,924
Financial Highlights & Ratios
PEG Ratio10.35
Price to Book (P/B)10.66
Price to Sales (P/S)9.02
P/FCF Ratio-218.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£210.00Price Target Upside34.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£53.51M
PensionBee Group PLC Business Overview & Revenue Model
Company Description
PensionBee Group plc is a London-based direct-to-consumer fintech firm, established in 2014, specializing in online pension management for individuals across the United Kingdom. Through its proprietary digital platform, clients are empowered to co...
How the Company Makes Money
PensionBee primarily makes money by charging fees on assets under management (AUM) held in customers’ pension plans on its platform. Its core revenue stream is a recurring management fee (typically expressed as a percentage of AUM) that is collect...
PensionBee Group PLC Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.61M | 33.20M | 23.82M | 17.66M | 12.75M |
| Gross Profit | 42.25M | 22.09M | 13.02M | 9.29M | 6.28M |
| EBITDA | -7.47M | -2.86M | -10.39M | -22.10M | -23.31M |
| Net Income | -2.85M | -3.14M | -10.57M | -22.15M | -24.63M |
Balance Sheet | |||||
| Total Assets | 40.25M | 41.27M | 17.43M | 25.64M | 47.51M |
| Cash, Cash Equivalents and Short-Term Investments | 32.62M | 34.99M | 12.21M | 21.32M | 43.52M |
| Total Debt | 125.00K | 292.00K | 398.00K | 551.00K | 657.00K |
| Total Liabilities | 4.20M | 6.92M | 2.28M | 2.11M | 3.73M |
| Stockholders Equity | 36.05M | 34.35M | 15.14M | 23.53M | 43.78M |
Cash Flow | |||||
| Free Cash Flow | -1.76M | 3.90M | -8.92M | -22.05M | -19.71M |
| Operating Cash Flow | -1.58M | 4.02M | -8.82M | -21.68M | -19.64M |
| Investing Cash Flow | -543.00K | -384.00K | -96.00K | -367.00K | -75.00K |
| Financing Cash Flow | -180.00K | 19.11M | -186.00K | -151.00K | 56.49M |
PensionBee Group PLC Technical Analysis
Negative
156.00
Price Trends
138.71
Negative
143.91
Negative
151.81
Negative
Market Momentum
-4.05
Positive
31.29
Neutral
10.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PBEE, the sentiment is Negative. The current price of 156 is above the 20-day moving average (MA) of 132.07, above the 50-day MA of 138.71, and above the 200-day MA of 151.81, indicating a bearish trend. The MACD of -4.05 indicates Positive momentum. The RSI at 31.29 is Neutral, neither overbought nor oversold. The STOCH value of 10.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PBEE.
PensionBee Group PLC Peers Comparison
UnderperformOutperform
Sector (68)
GB:PBEE
PensionBee Group PLC
130.00
-43.00
-24.86%
GB:MONY
Moneysupermarket.com
185.20
-18.86
-9.24%
PensionBee Group PLC Corporate Events
Business Operations and StrategyExecutive/Board Changes
PensionBee grants nearly 1m share options to top executives under revised incentive plan
Neutral
Jun 23, 2026
PensionBee Group plc has awarded a total of 993,345 nominal-cost share options to its senior leadership under the company’s omnibus incentive plan, recently amended and extended with an Enterprise Management Incentive sub-plan. The options, ...
Business Operations and StrategyFinancial Disclosures
PensionBee schedules Q2 2026 results and investor webcast
Neutral
Jun 22, 2026
PensionBee Group plc, an online pension platform with a growing international footprint and a strong customer service reputation, offers digital pension consolidation and management, investing customers’ assets through some of the world̵...
Regulatory Filings and Compliance
PensionBee Updates Share Capital and Voting Rights After New Share Issue
Neutral
May 29, 2026
PensionBee Group plc, a UK-listed digital pension provider, offers online pension consolidation and management services, enabling customers to manage retirement savings via a single digital platform. The company works with large global investment ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
PensionBee Wins Strong Shareholder Backing at 2026 AGM
Positive
May 14, 2026
PensionBee Group PLC reported that all resolutions put to shareholders at its 2026 annual general meeting were approved by poll, including routine business such as receiving the 2025 annual report, reappointing Deloitte as auditor and authorising ...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
PensionBee Clarifies 2026 Directors’ Pay Policy Ahead of AGM
Positive
May 8, 2026
PensionBee Group plc has clarified its 2026 Directors’ Remuneration Policy ahead of its Annual General Meeting, ensuring that both the updated policy in its 2025 annual report and additional provisions from the previously approved 2023 polic...
Regulatory Filings and Compliance
PensionBee Updates Share Capital and Voting Rights After New Share Issue
Neutral
Apr 30, 2026
PensionBee Group PLC, a London-listed digital pension provider, consolidates customers’ retirement savings into online accounts invested by leading global asset managers, and focuses on helping individuals become more confident about their r...
Business Operations and StrategyFinancial Disclosures
PensionBee tops £8bn in assets as customer base grows
Positive
Apr 27, 2026
PensionBee has reported that its Assets under Administration have reached approximately £8 billion, managed on behalf of more than 315,000 invested customers as of April 2026. The company attributes this milestone to high customer retention, ...
Business Operations and StrategyFinancial Disclosures
PensionBee posts 38% revenue jump and U.K. profitability as AI and U.S. push drive growth
Positive
Apr 22, 2026
PensionBee reported strong first-quarter 2026 momentum, with its invested customer base rising 15% year-on-year to 315,000 and assets under administration up 29% to £7.5bn despite market volatility. Group revenue grew 38% to £12.5m, whil...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
PensionBee Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Apr 9, 2026
PensionBee Group plc has published its Annual Report and Financial Statements for the year ended 31 December 2025, alongside the notice of its 2026 Annual General Meeting and a proxy form. The documents are available via the UK National Storage Me...
Regulatory Filings and Compliance
PensionBee Updates Share Capital and Voting Rights After New Issuance
Neutral
Mar 31, 2026
PensionBee Group plc, a London-listed fintech pensions provider, specialises in consolidating customers’ retirement savings into a single digital account, investing via leading global asset managers. The group manages about £7.4 billion...
Business Operations and StrategyExecutive/Board Changes
PensionBee refreshes board with two US-based non-executive directors
Positive
Mar 30, 2026
PensionBee Group plc has announced upcoming changes to its board, with long-serving director Michelle Cracknell CBE stepping down at the close of the 14 May 2026 AGM after seven years and her tenure as Chair of the Audit and Risk Committee. To str...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
PensionBee refreshes board with two senior U.S. non-executive directors
Positive
Mar 30, 2026
PensionBee Group plc has announced upcoming changes to its board, with long-serving non-executive director Michelle Cracknell CBE set to step down after the company’s annual general meeting on 14 May 2026. Her departure ends a seven-year ten...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.