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Tatton Asset Management Plc
(LSE:TAM)
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Rating:79Outperform
Price Target:
895.00 p
▲(29.34% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by strong financial performance (solid growth, high profitability, excellent cash conversion, and very low leverage). Technicals are supportive due to a clear uptrend, but overbought readings increase near-term risk. Valuation is the main headwind, with a relatively high P/E only partly offset by the dividend yield.
Positive Factors
Recurring AUM-driven fee model
A recurring fee model tied to AUM creates predictable, sticky revenue as client assets remain invested and advisers use TAM’s solutions. Over a 2–6 month horizon this supports stable cashflows and aligns incentives between manager and distributors, aiding long-term planning.
Negative Factors
Revenue sensitivity to market moves and flows
Because fees scale with AUM, prolonged market weakness or sustained client outflows materially depress recurring revenue and fee income. This structural sensitivity makes near-to-medium-term earnings and cashflow dependent on external market performance and client retention.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring AUM-driven fee model
A recurring fee model tied to AUM creates predictable, sticky revenue as client assets remain invested and advisers use TAM’s solutions. Over a 2–6 month horizon this supports stable cashflows and aligns incentives between manager and distributors, aiding long-term planning.
Read all positive factors
Tatton Asset Management Plc (TAM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£409.17M
Dividend Yield4.03%
Average Volume (3M)72.41K
Price to Earnings (P/E)21.6
Beta (1Y)0.44
Revenue Growth20.14%
EPS Growth15.61%
CountryUK
Employees123
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.31
Shares Outstanding61,321,762
10 Day Avg. Volume91,917
30 Day Avg. Volume72,414
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)6.48
Price to Sales (P/S)6.55
P/FCF Ratio15.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£900.00Price Target Upside30.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.4
Revenue Forecast (FY)£62.44M
Tatton Asset Management Plc Business Overview & Revenue Model
Company Description
Tatton Asset Management plc, a firm established in 2017 and headquartered in Wilmslow, UK, provides a range of services primarily for independent financial advisors across the United Kingdom. These services encompass investment fund management, re...
How the Company Makes Money
TAM makes money primarily by charging ongoing fees for managing client assets through its discretionary fund management (DFM) and model portfolio offerings. Revenue is largely driven by assets under management (AUM): as more client assets are plac...
Tatton Asset Management Plc Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
89
Very Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.44M | 45.31M | 36.81M | 32.33M | 29.36M |
| Gross Profit | 54.44M | 45.31M | 36.81M | 32.33M | 29.36M |
| EBITDA | 26.64M | 22.85M | 18.47M | 17.78M | 12.54M |
| Net Income | 18.84M | 16.14M | 12.99M | 9.24M | 6.11M |
Balance Sheet | |||||
| Total Assets | 68.22M | 62.44M | 52.46M | 51.95M | 41.35M |
| Cash, Cash Equivalents and Short-Term Investments | 35.12M | 33.25M | 24.94M | 26.62M | 21.86M |
| Total Debt | 631.00K | 848.00K | 659.00K | 268.00K | 539.00K |
| Total Liabilities | 13.18M | 11.89M | 9.13M | 10.16M | 10.30M |
| Stockholders Equity | 55.06M | 50.59M | 43.28M | 41.78M | 31.04M |
Cash Flow | |||||
| Free Cash Flow | 22.88M | 18.25M | 13.66M | 12.91M | 13.35M |
| Operating Cash Flow | 23.62M | 18.75M | 14.02M | 13.23M | 13.64M |
| Investing Cash Flow | -4.72M | -1.00M | -1.55M | -470.00K | -3.11M |
| Financing Cash Flow | -17.16M | -10.47M | -14.12M | -7.98M | -5.75M |
Tatton Asset Management Plc Technical Analysis
Negative
692.00
Price Trends
717.32
Negative
667.50
Positive
649.20
Positive
Market Momentum
-7.74
Positive
37.17
Neutral
20.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TAM, the sentiment is Negative. The current price of 692 is below the 20-day moving average (MA) of 693.20, below the 50-day MA of 717.32, and above the 200-day MA of 649.20, indicating a neutral trend. The MACD of -7.74 indicates Positive momentum. The RSI at 37.17 is Neutral, neither overbought nor oversold. The STOCH value of 20.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TAM.
Tatton Asset Management Plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £815.66M | 13.75 | 42.37% | 5.48% | 18.94% | 66.50% | |
79 Outperform | £409.17M | 21.61 | 33.94% | 4.03% | 20.14% | 15.61% | |
74 Outperform | £812.08M | 7.61 | 11.59% | 7.38% | 37.81% | 83.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £182.52M | 18.97 | 8.74% | 6.43% | -20.90% | -41.22% | |
67 Neutral | £1.68B | 13.45 | 8.95% | 6.00% | 5.39% | 85.13% | |
61 Neutral | £251.67M | 105.00 | 1.65% | 5.21% | 5.83% | -76.72% |
* Financial Sector Average
GB:TAM
Tatton Asset Management Plc
670.00
-27.21
-3.90%
GB:BRK
Brooks Macdonald
1,575.00
-138.11
-8.06%
GB:JUP
Jupiter Fund Management Plc
158.60
50.27
46.40%
GB:LIO
Liontrust Asset Management
295.50
11.63
4.10%
GB:POLR
Polar Capital Holdings
839.00
424.43
102.38%
GB:RAT
Rathbones Group PLC
1,668.00
-12.19
-0.73%
Tatton Asset Management Plc Corporate Events
Regulatory Filings and Compliance
Tatton CIO boosts stake with share purchase on AIM
Positive
Jul 7, 2026
Tatton Asset Management plc has disclosed that its Chief Investment Officer, Lothar Mentel, has purchased 1,390 ordinary shares in the company at an average price of 732.9 pence per share. Following this transaction, Mentel’s total beneficia...
Shareholder Meetings
Tatton Asset Management Sets Date and Venue for 2026 AGM
Neutral
Jun 19, 2026
Tatton Asset Management has announced that its Annual General Meeting will be held on 30 July 2026 at 11:00 a.m. at the offices of DWF Law LLP in central Manchester. The company has distributed its Annual Report and AGM notice to shareholders, who...
Regulatory Filings and Compliance
Tatton Asset Management Non-Executive Director Increases Shareholding
Positive
Jun 17, 2026
Tatton Asset Management has disclosed a share purchase by non-executive director Pippa Hamnett, who acquired 601 ordinary shares at an average price of 656 pence each on 16 June 2026. Following this transaction, Hamnett’s total beneficial ho...
Business Operations and StrategyDividendsFinancial Disclosures
Tatton Asset Management beats forecasts with double-digit growth and higher dividend
Positive
Jun 16, 2026
Tatton Asset Management reported full-year results ahead of market expectations, with group revenue up 20.1% to £54.4m and adjusted operating profit rising 24.1%, lifting margins to 52.3%. Adjusted diluted earnings per share increased 22.3%, ...
Business Operations and StrategyFinancial Disclosures
Tatton Asset Management schedules analyst and investor briefings on 2026 final results
Neutral
May 26, 2026
Tatton Asset Management plans to brief equity analysts and investors on its final results for the 12 months to 31 March 2026, which are due to be released on 16 June 2026. The company will hold a conference call for analysts on the results day and...
Regulatory Filings and Compliance
Tatton CEO shifts shareholding into pension without changing stake
Positive
May 8, 2026
Tatton Asset Management has disclosed that its chief executive officer, Paul Hogarth, has transferred 139,953 ordinary shares from a General Investment Account into his self-invested personal pension. The move was executed via a sale and immediate...
Regulatory Filings and Compliance
Tatton Asset Management CIO shifts shares into ISA in routine PDMR dealing
Neutral
May 7, 2026
Tatton Asset Management has disclosed a transaction by chief investment officer Lothar Mentel involving the transfer of 3,250 ordinary shares into an Individual Savings Account. The move was carried out as a sale and immediate repurchase at 615 pe...
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.