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Savills
(LSE:SVS)
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Rating:67Neutral
Price Target:
1,183.00 p
â–²(12.67% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid underlying financial stability (improving leverage and strong recent free cash flow) and a notably constructive earnings update with broad-based profit growth and Eastdil-related pro forma upside. Offsetting factors include thin and cyclical profitability, an overbought technical setup (RSI/Stoch elevated), and a valuation (P/E ~22) that is not especially cheap given the volatility and margin profile.
Positive Factors
Broad-Based Growth
Strong revenue and profit growth across multiple activities indicates improving operating leverage and demand. The breadth of gains, including transactional and consultancy operations, reduces reliance on a single market or service line.
Negative Factors
Thin Cyclical Profitability
Despite revenue recovery, profitability remains modest relative to group scale and below prior-cycle peaks. Transaction exposure, uneven property markets and limited margins leave earnings vulnerable to weaker volumes or delayed deal completion.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad-Based Growth
Strong revenue and profit growth across multiple activities indicates improving operating leverage and demand. The breadth of gains, including transactional and consultancy operations, reduces reliance on a single market or service line.
Read all positive factors
Savills (SVS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.68B
Dividend Yield3.31%
Average Volume (3M)431.02K
Price to Earnings (P/E)22.9
Beta (1Y)1.10
Revenue Growth7.29%
EPS Growth20.68%
CountryUK
Employees40,181
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.45
Shares Outstanding174,018,570
10 Day Avg. Volume445,542
30 Day Avg. Volume431,023
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.77
Price to Sales (P/S)0.53
P/FCF Ratio8.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,359.00Price Target Upside29.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.86
Revenue Forecast (FY)£2.92B
Savills Business Overview & Revenue Model
Company Description
Savills plc is a leading global real estate services provider with operations spanning the United Kingdom, Continental Europe, the Asia Pacific region, Africa, North America, and the Middle East. The firm offers expert advisory services across a w...
How the Company Makes Money
Savills makes money primarily by earning fees and commissions for real estate-related services. A major portion of revenue comes from transaction-driven brokerage and advisory work, including (1) commercial and residential leasing fees (typically ...
Savills Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 18, 2027
Earnings Call Sentiment Positive
The call presented a clearly positive operational and financial performance: meaningful revenue and underlying profit growth across the group, strong margin progression, regional profit recoveries (notably APAC and consultancy), and strategic acceleration via the Eastdil Secured acquisition which offers significant pro forma earnings upside and strengthened global capabilities. Headwinds include one-off regulatory impacts (UK Renters' Rights Act) that hit UK residential, notable restructuring and transaction costs (including a recurring non-cash SIP charge from Eastdil affecting reported IFRS profits), regional volatility (Middle East conflict, EMEA hydrocarbon sensitivity), and capital-raising challenges in Investment Management. On balance, the breadth of metrics improving, the Less Transactional resilience, net cash position pre-close and the additive Eastdil combination outweigh the listed challenges.Positive Updates
Strong Group Revenue and Profit Growth
Group revenue > GBP 1.2bn, up 8.7% year-on-year (predominantly organic). Underlying EBITDA almost GBP 74m, up 32%. Underlying PBT GBP 34.3m, up 47% (49% on a constant currency basis). Underlying EPS 17.9p with EPS growth noted at +53% year-on-year in commentary.
Negative Updates
UK Residential Weakness and Regulatory Impact
Overall residential revenues up only 3%, with UK residential down 9% year-on-year primarily due to one-time negative income recognition effects from the Renters' Rights Act, reducing profitability and creating timing/invoicing impacts in the period.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Group Revenue and Profit Growth
Group revenue > GBP 1.2bn, up 8.7% year-on-year (predominantly organic). Underlying EBITDA almost GBP 74m, up 32%. Underlying PBT GBP 34.3m, up 47% (49% on a constant currency basis). Underlying EPS 17.9p with EPS growth noted at +53% year-on-year in commentary.
Read all positive updates
Company Guidance
Guidance from the call reiterated unchanged full‑year expectations for 2026 while highlighting specific financial and operational metrics: H1 revenue >£1.2bn (+8.7%), underlying EBITDA ~£74m (+32%), underlying PBT £34.3m (+47% / +49% cc) and underlying EPS 17.9p, with an interim dividend of 7.8p (+~5.4–5.5%); net debt was <£50m (net cash at end‑July pre‑Eastdil). Transactional revenues rose 14% (commercial capital transactions +22%, occupier advisory US +23%), Less‑Transactional revenues were +6% at £776m (63% of group) with Less‑Transactional H1 PBT £42.2m (+28%) and consultancy PBT up 74%; APAC profit +75% and North America swung to a £2.6m profit (c.+£9m YoY). H1 restructuring costs were £7.2m (transaction costs £13.5m), full‑year restructuring/integration costs expected to be ≈half last year’s £30m charge, and Eastdil H1 contributed £225m revenue (USD302m) with EBITDA £38.4m and illustrative PBT £37.8m (17% margin); pro forma the combination would have raised H1 UPBT by ~£21m to £55m (+60%). Acquisition financing comprises an $800m bridge (now $450m term loan; $350m to be refinanced), expected all‑in cost 5.5–6%, and target net debt/EBITDA ≤1.5x by end‑2026 and ~1x by end‑2027.Savills Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
64
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.65B | 2.55B | 2.40B | 2.24B | 2.30B | 2.15B |
| Gross Profit | 111.20M | 120.50M | 2.40B | 2.24B | 161.40M | 194.00M |
| EBITDA | 176.00M | 202.50M | 154.50M | 168.70M | 242.00M | 276.00M |
| Net Income | 66.20M | 70.90M | 53.60M | 40.80M | 119.40M | 146.20M |
Balance Sheet | ||||||
| Total Assets | 2.30B | 2.35B | 2.25B | 2.16B | 2.32B | 2.25B |
| Cash, Cash Equivalents and Short-Term Investments | 512.70M | 531.60M | 536.50M | 506.80M | 669.10M | 689.70M |
| Total Debt | 812.90M | 619.30M | 593.30M | 603.70M | 639.30M | 634.00M |
| Total Liabilities | 1.55B | 1.55B | 1.47B | 1.41B | 1.52B | 1.49B |
| Stockholders Equity | 715.20M | 766.40M | 746.80M | 717.90M | 768.10M | 724.20M |
Cash Flow | ||||||
| Free Cash Flow | 162.20M | 152.70M | 146.90M | 1.40M | 148.30M | 290.30M |
| Operating Cash Flow | 189.60M | 180.50M | 158.60M | 18.80M | 175.10M | 314.80M |
| Investing Cash Flow | -63.60M | -54.30M | -20.70M | -21.60M | -41.80M | -73.30M |
| Financing Cash Flow | -69.40M | -102.70M | -112.50M | -136.20M | -174.50M | -70.30M |
Savills Technical Analysis
Neutral
1050.00
Price Trends
952.07
Positive
891.20
Positive
918.64
Positive
Market Momentum
23.33
Positive
50.95
Neutral
7.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SVS, the sentiment is Neutral. The current price of 1050 is above the 20-day moving average (MA) of 1027.88, above the 50-day MA of 952.07, and above the 200-day MA of 918.64, indicating a neutral trend. The MACD of 23.33 indicates Positive momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 7.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SVS.
Savills Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £1.50B | 7.54 | 12.69% | 5.68% | 12.54% | 29.71% | |
71 Outperform | £1.24B | 9.41 | 6.53% | 3.26% | -23.35% | 20.53% | |
68 Neutral | £109.44M | 13.50 | 5.76% | 3.05% | -0.77% | -44.83% | |
68 Neutral | £266.52M | 16.06 | 20.71% | 4.69% | 5.96% | -2.01% | |
67 Neutral | £1.68B | 22.93 | 8.94% | 3.22% | 7.29% | 20.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | £226.50M | 40.74 | 1.34% | 6.51% | 4.03% | -79.67% |
* Real Estate Sector Average
GB:SVS
Savills
1,034.00
159.53
18.24%
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GB:GRI
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GB:HLCL
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GB:LSL
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GB:SRE
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95.25
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2.72%
Savills Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Savills Boosts Earnings and Global Reach With Eastdil Secured Deal
Positive
Aug 13, 2026
Savills reported a strong first half for 2026, with revenue up 9% to £1.23bn and underlying profit before tax rising 47% to £34.3m, driven by broad-based growth across all business segments and improved profitability in North America. Re...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Savills Issues New Shares to Fund Eastdil Secured Acquisition
Positive
Aug 12, 2026
Savills plc has admitted 27,658,792 new ordinary shares of 2.5p each to trading on the London Stock Exchange Main Market. Following this issuance, the company’s total number of ordinary shares in issue has risen to 174,018,218, with the new ...
Business Operations and StrategyRegulatory Filings and Compliance
Savills Discloses Executive Share Allocation Under Employee Incentive Plan
Neutral
Aug 11, 2026
Savills plc has reported the latest monthly allocation of shares under its all-employee Share Incentive Plan, with plan trustees purchasing ordinary shares at £9.82 on 10 August 2026 for participating staff. The scheme allows employees and se...
Regulatory Filings and Compliance
Savills Updates Market on Total Voting Rights and Share Capital
Neutral
Aug 4, 2026
Savills plc has confirmed that, as of 4 August 2026, its issued share capital comprises 174,018,218 ordinary shares of 2.5 p each, all carrying voting rights, with no shares held in treasury. This update clarifies the total number of voting shares...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Savills Closes Eastdil Secured Deal with New Share Issue
Positive
Aug 3, 2026
Savills has completed its acquisition of Eastdil Secured Holdings, LLC, a global real estate investment bank, on 31 July 2026, following an earlier announcement in March. The deal was financed through debt and the issuance of 27,658,792 new Savill...
Executive/Board ChangesLegal ProceedingsRegulatory Filings and Compliance
Savills Backs Audit Chair After Regulator Censures Former PwC Role
Negative
Jul 16, 2026
Savills has disclosed that Non-Executive Director and Audit Committee Chair John Waters has been formally censured by the U.K. Financial Reporting Council for his former role as audit engagement partner at PwC on Babcock International’s 2019...
Executive/Board ChangesRegulatory Filings and Compliance
Savills Increases CEO Shareholding Through Incentive Plan Allocation
Neutral
Jul 14, 2026
Savills has reported an allocation of ordinary shares under its all-employee Share Incentive Plan, a scheme that allows staff to purchase Savills plc shares monthly at market prices via trustee investment. The latest allocation concerns James Spar...
Regulatory Filings and Compliance
Savills Confirms Total Voting Rights at Over 146 Million Shares
Neutral
Jul 1, 2026
Savills plc has reported that, as of 30 June 2026, its issued share capital comprises 146,348,132 ordinary shares of 2.5p each, all carrying voting rights and with no ordinary shares held in treasury. This disclosure provides investors and other o...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Savills Awards Deferred Shares to North America CEO Lipson
Positive
Jun 19, 2026
Savills has disclosed a transaction involving the vesting of deferred share awards to David Lipson, chief executive of Savills North America and a person discharging managerial responsibilities. Following the end of the deferred period under the c...
Executive/Board ChangesRegulatory Filings and Compliance
Savills Restructures Share Awards for New CFO Nick Sanderson
Neutral
Jun 18, 2026
Savills has granted replacement share awards to new Group Chief Financial Officer Nick Sanderson under its Deferred Share Plan, compensating him for restricted share awards forfeited on leaving Great Portland Estates. The awards, calibrated to Sav...
Business Operations and StrategyRegulatory Filings and Compliance
Savills Discloses Share Incentive Plan Allocation to Senior Executive
Neutral
Jun 11, 2026
Savills has reported a routine allocation of shares under its all-employee Share Incentive Plan, through which monthly contributions are used by plan trustees to buy Savills plc ordinary shares at the prevailing market price. The plan is open to a...
Regulatory Filings and Compliance
Savills Updates Share Capital and Voting Rights for FCA Transparency Rules
Neutral
Jun 1, 2026
Savills plc has announced that, as of 31 May 2026, its issued share capital comprises 146,343,178 ordinary shares of 2.5p each, all carrying voting rights and with no shares held in treasury. This updated share capital figure becomes the reference...
Executive/Board Changes
Savills Grants Buy-Out Share Awards to New Group CFO
Positive
May 22, 2026
Savills has granted buy-out share awards to incoming Group Chief Financial Officer Nick Sanderson to compensate him for deferred bonuses forfeited on leaving Great Portland Estates. The awards, made under the Savills Deferred Share Bonus Plan, are...
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.