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Personal Group Holdings
(LSE:PGH)
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Rating:78Outperform
Price Target:
487.00 p
▲(21.75% Upside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by strong financial performance (debt-free balance sheet and improved profitability/cash generation), supported by favorable recent corporate updates (strong H1 2026 revenue/EBITDA growth and continued strategic execution). Valuation is also supportive due to a high dividend yield with a moderate P/E, while technical indicators are more neutral-to-soft and reduce conviction on near-term momentum.
Positive Factors
Debt-free balance sheet
The elimination of debt gives PGH substantial financial flexibility and reduces interest and refinancing exposure. A debt-free position, supported by meaningful equity, should help the company fund operations, withstand weaker trading periods, and pursue investment without relying heavily on external financing.
Negative Factors
Revenue volatility
The sharp historical revenue decline followed by recovery shows that PGH’s top-line performance has not been consistently steady across cycles. This volatility can make forward planning less predictable and may limit confidence that recent growth rates will persist over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The elimination of debt gives PGH substantial financial flexibility and reduces interest and refinancing exposure. A debt-free position, supported by meaningful equity, should help the company fund operations, withstand weaker trading periods, and pursue investment without relying heavily on external financing.
Read all positive factors
Personal Group Holdings (PGH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£134.92M
Dividend Yield5.64%
Average Volume (3M)54.43K
Price to Earnings (P/E)16.4
Beta (1Y)0.54
Revenue Growth9.98%
EPS Growth22.67%
CountryUK
Employees258
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.26
Shares Outstanding31,648,266
10 Day Avg. Volume35,963
30 Day Avg. Volume54,427
Financial Highlights & Ratios
PEG Ratio1.43
Price to Book (P/B)2.66
Price to Sales (P/S)2.02
P/FCF Ratio9.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£465.00Price Target Upside16.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.24
Revenue Forecast (FY)£53.82M
Personal Group Holdings Business Overview & Revenue Model
Company Description
Founded in 1984 and headquartered in Milton Keynes, UK, Personal Group Holdings Plc provides a comprehensive range of services across the United Kingdom, encompassing short-term accident and health insurance, various software-as-a-service (SaaS) p...
How the Company Makes Money
PGH makes money primarily by selling employee benefits and engagement solutions to organizations, typically through recurring fees for access to its platforms and services. Key revenue streams include (1) employer-paid subscriptions or service fee...
Personal Group Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.71M | 48.37M | 43.81M | 31.13M | 27.17M | 74.51M |
| Gross Profit | 40.79M | 48.37M | 43.81M | 33.17M | 44.43M | 71.04M |
| EBITDA | 12.81M | 11.73M | 9.51M | 7.06M | -4.90M | 5.92M |
| Net Income | 8.16M | 7.29M | 6.50M | 4.32M | -7.25M | 3.60M |
Balance Sheet | ||||||
| Total Assets | 52.79M | 57.36M | 51.29M | 49.19M | 46.61M | 57.60M |
| Cash, Cash Equivalents and Short-Term Investments | 26.41M | 25.01M | 19.06M | 17.50M | 16.96M | 20.29M |
| Total Debt | 0.00 | 453.00K | 964.00K | 1.13M | 278.00K | 474.00K |
| Total Liabilities | 16.73M | 20.55M | 16.45M | 17.19M | 15.63M | 16.32M |
| Stockholders Equity | 36.06M | 36.81M | 34.84M | 32.00M | 30.98M | 41.28M |
Cash Flow | ||||||
| Free Cash Flow | 13.07M | 10.64M | 8.67M | 5.29M | 1.71M | 6.37M |
| Operating Cash Flow | 13.32M | 11.03M | 11.44M | 7.48M | 3.24M | 7.59M |
| Investing Cash Flow | -1.87M | 1.30M | -2.48M | -2.94M | -2.80M | -1.20M |
| Financing Cash Flow | -8.05M | -6.38M | -4.47M | -4.00M | -3.77M | -3.68M |
Personal Group Holdings Technical Analysis
Positive
400.00
Price Trends
418.10
Positive
402.18
Positive
365.33
Positive
Market Momentum
1.60
Positive
51.78
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PGH, the sentiment is Positive. The current price of 400 is below the 20-day moving average (MA) of 429.85, below the 50-day MA of 418.10, and above the 200-day MA of 365.33, indicating a neutral trend. The MACD of 1.60 indicates Positive momentum. The RSI at 51.78 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PGH.
Personal Group Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £134.92M | 16.44 | 22.40% | 5.64% | 9.98% | 22.67% | |
77 Outperform | £249.44M | 6.29 | 11.00% | 5.15% | 31.43% | -60.23% | |
75 Outperform | £214.94M | 11.89 | 15.69% | 5.01% | 5.81% | 19.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | £127.84M | -15.02 | -4.78% | 3.28% | -2.25% | -350.00% | |
59 Neutral | £1.94B | 25.70 | 16.86% | 1.99% | 16.10% | 21.35% |
* Financial Sector Average
GB:PGH
Personal Group Holdings
427.50
119.51
38.80%
GB:BPM
B.P. Marsh & Partners plc
705.00
73.85
11.70%
GB:CLIG
City of London Investment
444.00
94.01
26.86%
GB:CMCX
CMC Markets
694.00
484.96
232.00%
GB:BANK
Immedia
2.25
-7.50
-76.92%
GB:MERC
Mercia Asset Management
30.50
1.53
5.28%
Personal Group Holdings Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Personal Group Issues New Shares Following Employee Option Exercise
Neutral
Sep 28, 2026
Personal Group Holdings has issued 8,746 new ordinary shares following the exercise of employee options under its share option plan, a routine move that slightly increases the company’s share capital. The new shares are expected to be admitt...
Delistings and Listing ChangesRegulatory Filings and Compliance
Personal Group Issues New Shares After PDMR Option Exercise
Neutral
Sep 18, 2026
Personal Group Holdings, a workforce benefits and health insurance specialist headquartered in Milton Keynes, serves around 1.25 million UK employees through affordable insurance products, a digital benefits platform and pay consultancy services. ...
Business Operations and StrategyDividends
Personal Group corrects dividend timetable for 2026 interim payout
Positive
Sep 15, 2026
Personal Group Holdings PLC has issued a correction to the dividend timetable previously announced alongside its interim results, clarifying the key dates for shareholders. The company confirmed the ex-dividend date as 24 September 2026, the recor...
Business Operations and StrategyDividendsFinancial Disclosures
Personal Group Delivers Record Insurance Sales and Double-Digit Earnings Growth
Positive
Sep 15, 2026
Personal Group Holdings reported a strong first half to 2026, with group revenue up 10% to £25.7 million and adjusted EBITDA rising 22% to £6.7 million, supported by more than 90% recurring revenue. Profit before tax climbed 21% to £...
Business Operations and StrategyProduct-Related Announcements
Personal Group deepens Simplyhealth partnership to expand Hapi workplace wellbeing services
Positive
Sep 9, 2026
Personal Group Holdings has extended its strategic partnership with healthcare and health cash plan provider Simplyhealth, integrating Simplyhealth’s On Demand services into Hapi, its employee benefits platform. The move broadens the range o...
Business Operations and StrategyFinancial Disclosures
Personal Group Sets September Date for Interim Results and Investor Briefings
Positive
Sep 2, 2026
Personal Group Holdings PLC will publish interim results for the six months to 30 June 2026 on 15 September 2026, underscoring a structured approach to investor communication as it navigates the employee benefits and healthcare insurance market. T...
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.