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Polar Capital Holdings
(LSE:POLR)
Select Model
Select Model
Rating:80Outperform
Price Target:
872.00 p
▲(0.69% Upside)
Action:Reiterated
Date:10/03/26
The score is driven primarily by strong financial performance (high profitability, excellent cash conversion, and very low leverage), supported by a reasonable valuation and high dividend yield. Technical signals are neutral-to-mixed (slightly negative MACD with neutral RSI), which tempers the overall rating.
Positive Factors
Revenue Growth
Revenue growth of about 12.4% in 2026 and 12.6% in 2025 shows a meaningful recovery after the weaker 2023 period. Sustained top-line expansion can support operating leverage, strengthen the earnings base, and improve the capacity to reinvest in products and distribution.
Negative Factors
Market-Linked Earnings
The fee model links earnings to assets under management, client inflows and outflows, investment performance, and potentially volatile performance fees. These drivers can make revenue and profit less predictable when markets or relative fund performance change.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth of about 12.4% in 2026 and 12.6% in 2025 shows a meaningful recovery after the weaker 2023 period. Sustained top-line expansion can support operating leverage, strengthen the earnings base, and improve the capacity to reinvest in products and distribution.
Read all positive factors
Polar Capital Holdings (POLR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£718.92M
Dividend Yield6.07%
Average Volume (3M)342.45K
Price to Earnings (P/E)12.4
Beta (1Y)1.23
Revenue Growth18.94%
EPS Growth66.50%
CountryUK
Employees203
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.61
Shares Outstanding99,490,540
10 Day Avg. Volume411,757
30 Day Avg. Volume342,454
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)3.91
Price to Sales (P/S)2.23
P/FCF Ratio7.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,087.50Price Target Upside25.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.97
Revenue Forecast (FY)£336.68M
Polar Capital Holdings Business Overview & Revenue Model
Company Description
Polar Capital Holdings plc operates as a publicly traded investment management firm, catering to the needs of professional and institutional investors. The company specializes in developing and overseeing a diverse range of investment vehicles, in...
How the Company Makes Money
Polar Capital primarily makes money by earning fees for managing client assets. Its main revenue stream is recurring management fees calculated as a percentage of assets under management (AUM) across its funds and mandates; as AUM and fee rates ri...
Polar Capital Holdings Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
87
Very Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 264.40M | 222.11M | 197.25M | 185.10M | 219.42M |
| Gross Profit | 223.75M | 106.07M | 174.59M | 160.39M | 187.52M |
| EBITDA | 79.51M | 69.11M | 58.53M | 53.71M | 67.70M |
| Net Income | 58.68M | 35.31M | 40.79M | 35.61M | 48.92M |
Balance Sheet | |||||
| Total Assets | 248.10M | 220.13M | 217.62M | 241.68M | 249.85M |
| Cash, Cash Equivalents and Short-Term Investments | 208.45M | 180.53M | 146.33M | 190.02M | 198.91M |
| Total Debt | 4.05M | 6.15M | 7.51M | 9.26M | 3.14M |
| Total Liabilities | 97.30M | 85.68M | 81.72M | 98.83M | 93.61M |
| Stockholders Equity | 150.80M | 134.44M | 135.90M | 142.85M | 156.25M |
Cash Flow | |||||
| Free Cash Flow | 77.29M | 63.85M | 41.66M | 49.21M | 66.64M |
| Operating Cash Flow | 77.46M | 64.02M | 41.91M | 49.70M | 67.19M |
| Investing Cash Flow | 11.15M | 3.91M | 13.11M | -19.91M | -39.02M |
| Financing Cash Flow | -55.74M | -45.44M | -62.92M | -39.94M | -51.78M |
Polar Capital Holdings Technical Analysis
Negative
866.00
Price Trends
814.42
Negative
836.56
Negative
745.57
Positive
Market Momentum
-17.89
Negative
42.87
Neutral
75.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:POLR, the sentiment is Negative. The current price of 866 is above the 20-day moving average (MA) of 767.10, above the 50-day MA of 814.42, and above the 200-day MA of 745.57, indicating a neutral trend. The MACD of -17.89 indicates Negative momentum. The RSI at 42.87 is Neutral, neither overbought nor oversold. The STOCH value of 75.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:POLR.
Polar Capital Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £718.92M | 12.43 | 42.37% | 6.07% | 18.94% | 66.50% | |
77 Outperform | £861.31M | 8.35 | 11.59% | 6.72% | 37.81% | 83.65% | |
76 Outperform | £1.48B | 13.84 | 13.19% | 7.53% | 2.50% | 27.89% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | £111.91M | 8.73 | 11.90% | 10.82% | -22.86% | -56.06% | |
62 Neutral | £170.76M | 17.72 | 8.74% | 6.88% | -20.90% | -41.22% | |
55 Neutral | £644.90M | 4.70 | 14.25% | 2.09% | -37.29% | ― |
* Financial Sector Average
GB:POLR
Polar Capital Holdings
758.00
218.40
40.47%
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GB:JUP
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GB:LIO
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276.00
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-5.43%
Polar Capital Holdings Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Polar Capital’s Employee Trust Buys Shares for Incentive Plans
Neutral
Oct 19, 2026
Polar Capital Holdings plc has disclosed that its Employee Benefit Trust purchased 103,099 ordinary shares between 12 and 16 October 2026 to support future share-based remuneration. The transaction, completed at a price of 779.5073 pence per share...
Business Operations and StrategyFinancial Disclosures
Polar Capital Delivers Strong Inflows Despite Market-Driven AuM Dip
Positive
Oct 12, 2026
Polar Capital reported unaudited assets under management of £43.7bn as of 30 September 2026, up about 43% from the start of the financial year but slightly down from £45.0bn at the end of June due to adverse market movements. Net inflows...
Business Operations and StrategyStock BuybackShareholder Meetings
Polar Capital Wins Full Shareholder Backing at 2026 AGM
Positive
Sep 24, 2026
Polar Capital Holdings, a specialist asset manager listed on AIM, operates a range of actively managed funds for institutional and retail investors. The company maintains a straightforward capital structure with ordinary shares, underpinned by est...
Business Operations and StrategyExecutive/Board Changes
Polar Capital refreshes board with two new non-executive directors
Positive
Sep 7, 2026
Polar Capital Holdings has announced changes to its board following the upcoming annual general meeting, appointing experienced financial services professionals Fiona Fry and David Melvin as non-executive directors. Fry, a former senior regulator ...
Regulatory Filings and Compliance
Polar Capital Confirms Total Voting Shares in Issue
Neutral
Sep 1, 2026
Polar Capital Holdings has confirmed that, as of 31 August 2026, its issued share capital comprises 99,490,541 ordinary shares of 2.5p each, all of which carry voting rights. The company holds no shares in treasury, meaning the full issued share c...
Regulatory Filings and Compliance
Polar Capital CIO Alexander Black Sells 29,266 Shares
Neutral
Aug 17, 2026
Polar Capital’s chief investment officer, Alexander Black, has sold 29,266 ordinary shares in the company, according to a regulatory filing. The transaction, executed on 17 August 2026 on the London Stock Exchange’s AIM market at 894.5...
Business Operations and Strategy
Polar Capital Grants 2026 Sharesave Options to Staff and CEO
Positive
Aug 14, 2026
Polar Capital Holdings has granted 16,770 options under its 2026 Save As You Earn Sharesave Scheme to 17 eligible employees, extending its regular use of share-based incentive plans across the workforce. The move underscores the asset manager̵...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Completes £15m Share Buyback, Tightens Capital Base
Positive
Aug 6, 2026
Polar Capital Holdings, a UK-based specialist fund manager listed on AIM, provides actively managed investment funds to institutional and retail clients. The firm competes in the broader asset management industry, where capital discipline and regu...
Stock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Shares After Incremental Buyback, Updates Voting Rights
Positive
Aug 5, 2026
Polar Capital Holdings has continued executing its previously announced share buyback programme, purchasing 2,489 ordinary shares on 5 August 2026 through Deutsche Numis at prices ranging between 831p and 835p per share. The move reflects ongoing ...
Business Operations and StrategyStock Buyback
Polar Capital Cancels Newly Repurchased Shares Under Ongoing Buyback
Positive
Aug 3, 2026
Polar Capital Holdings has continued its ongoing share buyback programme by purchasing 11,867 ordinary shares on 3 August 2026 through Deutsche Numis, at prices ranging between 770p and 787p and a volume-weighted average price of about 781.6p. The...
Regulatory Filings and Compliance
Polar Capital Confirms Total Voting Rights at Just Under 100 Million Shares
Neutral
Aug 3, 2026
Polar Capital Holdings plc has confirmed that, as of 31 July 2026, its issued share capital comprises 99,563,713 ordinary shares of 2.5p each, all carrying voting rights. The company holds no ordinary shares in treasury, meaning the entire issued ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Polar Capital Cancels Newly Repurchased Shares, Updates Voting Rights
Positive
Jul 31, 2026
Polar Capital Holdings has continued its previously announced share buyback programme by repurchasing 17,000 ordinary shares on 31 July 2026 through Deutsche Numis, at prices ranging between 773p and 808p and a volume-weighted average price of 783...
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.