olivLaw · European equity research
Brooks Macdonald Group plc BRK.L
United Kingdom · London Stock Exchange · ISIN GB00B067N833 · Vertical: Listed companies from United Kingdom
Brooks Macdonald Group is a British wealth manager offering investment management and financial planning, mainly through independent financial advisers. In fiscal 2025 it reported funds under management and administration of £19.2 billion and moved to the Main Market of the London Stock Exchange, as the UK wealth market continues to grow.
At the close of 05 Nov 2026, Brooks Macdonald Group plc (BRK.L) stock was 14.85 GBP (+1.71% on the day), with dividend yield 3.30%, beta 0.42, 52-week range 12.40–17.50 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 50.3
- neutral
- Bollinger (20, 2)
- 14.41 – 15.20
- in the upper half of the band · %B 0.56 · band width 5.4%
- SMA 50 / 200
- 15.12 / 14.66
- mixed trend
- MACD (12, 26, 9)
- -0.10 / -0.10
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +1.0% | +0.4% | +0.6 pp | — |
| 3 months | +3.1% | −3.3% | +6.4 pp | — |
| 6 months | +3.1% | +4.0% | −0.8 pp | — |
| Year to date | −7.9% | +8.1% | −16.0 pp | — |
| 1 year | −9.2% | +10.7% | −19.9 pp | +5.8% |
| 3 years | −18.2% | +50.1% | −68.3 pp | +26.3% |
| 5 years | −44.8% | +43.6% | −88.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | 106.7 m | 111.6 m |
| Revenue YoY | unavailable | unavailable | +4.6% |
| Net income | unavailable | 20.4 m | 11.6 m |
| Net income YoY | unavailable | unavailable | −42.9% |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | 19.1% | 10.4% |
| Free cash flow | unavailable | 34.8 m | 22.9 m |
Balance sheet & financial health
Fiscal year 2025 · 30 Jun 2025
- Cash
- 33.9 m GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 154.4 m GBP
- Total assets
- 230.7 m GBP
- Debt / equity
- unavailable
- Current ratio
- 1.25x
- ROE
- 7.6%
- ROA
- 5.5%
- FCF margin
- 20.5%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | — | 106.7 m | 111.6 m | esef· 14 Oct 2025verified |
| Gross profit | — | 22.2 m | 12.3 m | esef· 14 Oct 2025verified |
| Operating income | — | 22.3 m | 12.0 m | esef· 14 Oct 2025verified |
| Interest expense | — | 166.0 k | 597.0 k | esef· 14 Oct 2025verified |
| Pre-tax income | — | 24.6 m | 17.5 m | esef· 14 Oct 2025verified |
| Income tax | — | 4.2 m | 5.9 m | esef· 14 Oct 2025verified |
| Net income | — | 20.4 m | 11.6 m | esef· 14 Oct 2025verified |
| Dividend per share | 0.47 | 0.49 | — | esef· 14 Oct 2025verified |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 53.4 m | 44.7 m | 33.9 m | esef· 14 Oct 2025verified |
| Receivables | 33.5 m | 29.1 m | 25.9 m | esef· 14 Oct 2025verified |
| Current assets | 87.7 m | 74.7 m | 61.2 m | esef· 14 Oct 2025verified |
| Property, plant & equipment, net | 2.1 m | 1.4 m | 3.4 m | esef· 14 Oct 2025verified |
| Total assets | 195.3 m | 193.0 m | 230.7 m | esef· 14 Oct 2025verified |
| Current liabilities | 27.6 m | 32.6 m | 49.1 m | esef· 14 Oct 2025verified |
| Equity | 157.3 m | 152.3 m | 154.4 m | esef· 14 Oct 2025verified |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | — | 34.9 m | 24.7 m | esef· 14 Oct 2025verified |
| Capex | — | 83.0 k | 1.9 m | esef· 14 Oct 2025verified |
| Free cash flow | — | 34.8 m ≈ | 22.9 m ≈ | esef· 14 Oct 2025derived |
| Investing cash flow | — | -29.9 m | -4.3 m | esef· 14 Oct 2025verified |
| Financing cash flow | — | -15.7 m | -25.1 m | esef· 14 Oct 2025verified |
| Dividends paid | — | 12.1 m | 12.7 m | esef· 14 Oct 2025verified |
| Share repurchases | — | 2.2 m | 2.6 m | esef· 14 Oct 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 27.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 27.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 10.4% | 46 (vs peers) | 23% |
| FCF conversion · Quality | 196.8% | 100 (on a fixed band) | 23% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 20.1x | 100 (on a fixed band) | 23% |
| Current ratio · Balance sheet | 1.2x | 37 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 55.5% | 92 (on a fixed band) | 15% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet75/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality73/100 · 2/3 factors with a value
- Returns· partial92/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BROOKS MACDONALD GROUP PLC (BRK.L). Latest full fiscal year: 2025; data up to 2025-06-30.
Figures computed from the financial statements: revenue 111.6 m GBP in 2025; YoY growth 4.6%; net margin 10.4%; ROE 7.6%.
The estimated value range is 4.81–5.94 GBP per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 5.31 GBP, the price of 14.85 GBP leaves a potential of -64.2% (value / price − 1) and a margin of safety of -179.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 27.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 196.8%
- Interest coverage: 20.1x
- Payout ratio (FCF): 55.5%
What contradicts it
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
| AEP.LAnglo-Eastern Plantations PLC | — | — | 16.1% | 19.5% | +25.0% | +5% / +113% |
1- and 3-year price returns: for BRK.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Brooks Macdonald Group is a British wealth manager offering investment management and financial planning, mainly through independent financial advisers. In fiscal 2025 it reported funds under management and administration of £19.2 billion 1 and moved to the Main Market of the London Stock Exchange 1, as the UK wealth market continues to grow.
SWOT
Strengths
- Well-established distribution through independent advisers and an integrated offering of investment management and financial planning 1.
- Long-term investment performance described as sustained, and a client-centric culture suited to Consumer Duty requirements 1.
- Strict cost control, with underlying costs excluding acquisitions reported as flat year on year 1.
Weaknesses
Opportunities
Risks
- Net asset outflowshigh
Net outflows in fiscal 2025 weighed on asset growth, although the company reported improvement in the second half of the year 1.
- Margin pressuremedium
The fall in underlying profit and margin in fiscal 2025 shows higher revenue did not fully offset cost pressures 1.
- Regulatory changemedium
The FCA's review of MPS providers and reforms on advice could require costly adaptations 1.
- Acquisition integrationmedium
Integrating the three financial planning firms brings new costs and responsibilities that could slow strategic progress 1.
- Market volatilityhigh
Trade and fiscal shocks could reduce assets under management and fee income, especially if volatile episodes recur 1.
Investment thesis
What would need to be true (bull case)
- The company could benefit if the UK wealth market keeps growing and advisers continue to outsource investment management.
- Acquisitions and the integration of financial planning could create a fuller offering that advisers find hard to replicate.
- Investment in technology and AI could lower costs and support client retention.
What would break the thesis
- Net outflows and the fall in underlying profit could indicate difficulty converting asset growth into profit.
- Trade and fiscal policy volatility could again reduce assets and fee income.
- Competition from platforms and banks could limit the company's ability to maintain margins.
What to watch
- Trend in net outflows, especially flows into BPS and Platform MPSFiscal 2026
- Underlying profit margin after integrating recent acquisitionsHalf-year results 2026
- Outcome of the FCA review of model portfolio providers2026
- Effect of technology and AI investment on costsNext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group operates two integrated lines: investment management, covering portfolio services based on bespoke portfolios, model portfolios and multi-asset funds, and personal financial planning, covering life insurance, employee benefits, mortgage advice, tax guidance and estate planning 1. Its main distribution channel is independent financial advisers, more than 1,000 across the UK, although it also serves clients directly 1. In February 2025 it sold its international business and acquired three financial planning firms 1.
Revenue depends largely on fees linked to assets under management. In fiscal 2025 revenue rose on higher financial planning income from acquired businesses, partly offset by lower interest and fee income, and the company said underlying costs excluding acquisitions were flat 1.
The 'Reignite Growth' strategy combines organic growth with selective acquisitions, investment in technology and AI, and product development to serve clients across their financial lifecycle 1.
Segments
Investment management
Includes bespoke portfolio services (BPS), model portfolio services (MPS), the AIM portfolio service, multi-asset funds and the white-labelled BM Investment Solutions (BMIS) offering for advisers 1. Growth in the Platform MPS proposition shows advisers seek these solutions to meet regulatory requirements 1.
Market context
The company describes the UK wealth market as growing significantly with an attractive outlook regardless of macroeconomic conditions, and the sector is consolidating through vertical integration of financial planning and investment management 1. Investors increasingly use independent advisers, who increasingly outsource investment management to reduce regulatory and administrative burden 1.
The market is fragmented, with integrated wealth managers, advisers, platform providers, model portfolio providers and bank wealth arms 1. The company notes that if consolidation continues it could support its selective acquisition strategy 1.
Trends
- UK budget and inheritance tax changesmixed
The October 2024 budget measures, including changes to inheritance tax, led some families and high-net-worth individuals to rethink tax strategies, contributing to higher net outflows in the first half of fiscal 2025 1.
- Consumer Duty and FCA regulationmixed
The FCA's Consumer Duty requires firms to deliver good outcomes for retail customers, raising standards while confirming the company's client-centric culture 1. The FCA's planned multi-firm review of MPS providers could shape how this segment operates 1.
- Digitalisation and artificial intelligencetailwind
Simple, personalised digital tools are becoming the norm, and AI adoption can improve productivity and compliance. The company has expanded its InvestBM portal and mobile app and partnered with an AI provider 1.
- Geopolitical and trade volatilityheadwind
The April 2025 tariff package and US fiscal policy triggered market volatility, and the company said similar episodes could recur and affect client decisions 1.
Competitive position
Competitors include British integrated wealth managers, platforms serving advisers, model portfolio providers and bank wealth divisions, and the competitive landscape is described as complex and fragmented 1. The company differentiates through integrating financial planning with investment management and its relationships with independent advisers 1.
Vertical integration is reshaping the sector, so firms offering both planning and management could gain share; the company's recent acquisitions aim at exactly this positioning 1.
- Integrated UK wealth managers
Firms combining financial planning with investment management, a trend the company describes as growing 1.
- Independent financial advisers
Can manage investments themselves or outsource it, and are also the company's main distribution channel 1.
- Platform and model portfolio providers
Serve advisers with model-based and fund solutions, a segment where the company is active through Platform MPS 1.
- Bank wealth divisions
Retail and private banks compete for the same higher-wealth clients 1.
News & filings
In the press
- Brooks Macdonald Group H2 Earnings Call HighlightsYahoo Finance — News · 03 Sept 2026 · EN
- UK Stocks an Underappreciated AI Play, Brooks Macdonald CIO SaysBloomberg Markets · 22 Jul 2026 · EN
Annual reports (ESEF)
- Annual report 202514 Oct 2025
Sources
- [1] Annual report, fiscal year ended 2025-06-30 (ESEF) · SEC / Brooks Macdonald Group plc · 30 Jun 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.