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olivLaw · European equity research

Savills plc SVS.L

United Kingdom · London Stock Exchange · ISIN GB00B135BJ46 · Vertical: Listed companies from United Kingdom

11.64GBP0.00% · 1 dayClose 05 Nov 2026

Savills plc is a UK-listed real estate services company active globally in residential, consultancy, property management and investment. In fiscal 2025 underlying profit before tax rose 11%, and Simon Shaw took over as Group CEO from 1 January 2026. With transaction markets steadier, the group's momentum could hold if recurring income keeps growing.

At the close of 05 Nov 2026, Savills plc (SVS.L) stock was 11.64 GBP (+0.00% on the day), with market capitalisation 1.6 bn GBP, P/E 23.6 on diluted EPS of 0.49 GBP over the last 12 months, dividend yield 2.90%, beta 0.67, 52-week range 8.08–11.64 GBP.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
1.6 bn GBP
shares as of 31 Dec 2025
P/E (TTM)
23.6
Diluted EPS TTM 0.49 · TTM to 31 Dec 2025
E/P (TTM)
4.24%
TTM to 31 Dec 2025
Dividend yield
2.90%
DPS 12m 0.34
Beta (2y)
0.67
Volatility (1y) 29%
52-week range
8.0811.64

Price history

Loading chart…

Technical reading

RSI (14)
79.8
overbought (≥ 70)
Bollinger (20, 2)
9.49 – 11.67
in the upper half of the band · %B 0.99 · band width 20.6%
SMA 50 / 200
10.30 / 9.46
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.37 / 0.24
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

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month+19.6%−0.6%+20.3 pp—
3 months+19.3%−4.2%+23.4 pp—
6 months+37.3%+4.3%+32.9 pp—
Year to date+16.9%+7.5%+9.4 pp—
1 year+16.6%+9.9%+6.7 pp+5.8%
3 years+43.3%+49.8%−6.5 pp+26.3%
5 years−17.7%+42.8%−60.5 pp—
Max drawdown (1y)
−27.1%
15 Jan 2026 → 03 Jun 2026
Max drawdown (5y)
−47.3%
29 Dec 2021 → 29 Sept 2022
Compound annual growth (5y)
−3.8%
EURO STOXX 50 +7.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

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.

Today's P/E sits at the 33 percentile of its own 3-quarter history (min 20.2, median 27.8, max 33.6; quarters with earnings only).

Fiscal years

Fiscal year202320242025
Revenue2.2 bn2.4 bn2.6 bn
Revenue YoYunavailable+7.4%+6.1%
Net income40.8 m53.6 m70.9 m
Net income YoYunavailable+31.4%+32.3%
Diluted EPS0.290.370.49
Diluted EPS YoYunavailable+29.2%+32.5%
net %1.8%2.2%2.8%
Free cash flow1.4 m146.9 m144.5 m

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
531.6 m GBP
Financial debt
176.7 m GBP
Net debt
-354.9 m GBP
Equity
804.4 m GBP
Total assets
unavailable GBP
Debt / equity
0.22x
Current ratio
1.17x
ROE
9.0%
ROA
unavailable
FCF margin
5.7%

Financial statements (source on every figure)

Revenue and net income (GBP)

Margins

Income statement · GBP

Revenue
2023
2.2 bn
2024
2.4 bn
2025
2.6 bn

esef· 12 May 2026verified

Operating income
2023
43.3 m
2024
73.8 m
2025
93.5 m

esef· 12 May 2026verified

Interest expense
2023
38.5 m
2024
43.0 m
2025
41.9 m

esef· 12 May 2026verified

Pre-tax income
2023
55.4 m
2024
88.3 m
2025
101.0 m

esef· 12 May 2026verified

Income tax
2023
15.9 m
2024
35.4 m
2025
27.4 m

esef· 12 May 2026verified

Net income
2023
40.8 m
2024
53.6 m
2025
70.9 m

esef· 12 May 2026verified

Diluted EPS
2023
0.29
2024
0.37
2025
0.49

esef· 12 May 2026verified

Dividend per share
2023
0.23
2024
0.30
2025
0.34

esef· 12 May 2026verified

Balance sheet · GBP

Cash
2023
506.6 m
2024
536.5 m
2025
531.6 m

esef· 12 May 2026verified

Receivables
2023
656.7 m
2024
718.9 m
2025
769.9 m

esef· 12 May 2026verified

Inventories
2023
—
2024
0
2025
1.0 m

esef· 12 May 2026verified

Current assets
2023
1.2 bn
2024
1.3 bn
2025
1.3 bn

esef· 12 May 2026verified

Property, plant & equipment, net
2023
68.1 m
2024
62.3 m
2025
70.5 m

esef· 12 May 2026verified

Goodwill
2023
443.6 m
2024
459.0 m
2025
463.8 m

esef· 12 May 2026verified

Intangibles (excl. goodwill)
2023
55.8 m
2024
51.8 m
2025
42.3 m

esef· 12 May 2026verified

Accounts payable
2023
682.5 m
2024
729.7 m
2025
759.6 m

esef· 12 May 2026verified

Short-term debt
2023
7.9 m
2024
41.3 m
2025
48.0 m

esef· 12 May 2026verified

Long-term debt
2023
149.3 m
2024
119.6 m
2025
128.7 m

esef· 12 May 2026verified

Current liabilities
2023
992.6 m
2024
1.1 bn
2025
1.1 bn

esef· 12 May 2026verified

Equity
2023
752.8 m
2024
777.8 m
2025
804.4 m

esef· 12 May 2026verified

Shares outstanding at year end
2023
136.0 m
2024
136.0 m
2025
136.3 m

esef· 12 May 2026derived

Cash flow · GBP

Operating cash flow
2023
18.8 m
2024
158.6 m
2025
172.3 m

esef· 12 May 2026verified

Capex
2023
17.4 m
2024
11.7 m
2025
27.8 m

esef· 12 May 2026verified

Free cash flow
2023
1.4 m ≈
2024
146.9 m ≈
2025
144.5 m ≈

esef· 12 May 2026derived

Investing cash flow
2023
-21.8 m
2024
-20.7 m
2025
-43.9 m

esef· 12 May 2026verified

Financing cash flow
2023
-136.2 m
2024
-112.5 m
2025
-104.9 m

esef· 12 May 2026verified

Dividends paid
2023
51.0 m
2024
33.8 m
2025
43.2 m

esef· 12 May 2026verified

Share repurchases
2023
26.3 m
2024
22.9 m
2025
17.4 m

esef· 12 May 2026verified

Computed indicators

Growth

Revenue growth (YoY)
6.1%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
26.7%
computed by olivLawFY 2025
Net income growth (YoY)
32.3%
computed by olivLawFY 2025
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
32.5%
computed by olivLawFY 2025
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
-1.6%
computed by olivLawFY 2025

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
3.7%
computed by olivLawFY 2025
Net margin
2.8%
computed by olivLawFY 2025
FCF margin
5.7%
computed by olivLawFY 2025

Returns

ROE
9.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
unavailable
input data missing
ROIC
16.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
unavailable
input data missing
Payout ratio (EPS)
68.6%
computed by olivLawFY 2025
Payout ratio (FCF)
29.9%
computed by olivLawFY 2025

Balance sheet

Net debt
-354.9 m GBP
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
2.2x
computed by olivLawFY 2025

Liquidity

Current ratio
1.2x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
1.2x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.5x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
172.3 m GBP
computed by olivLawFY 2025
Capital expenditure
27.8 m GBP
computed by olivLawFY 2025
Free cash flow
144.5 m GBP
computed by olivLawFY 2025
FCF conversion
203.8%
computed by olivLawFY 2025
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
107 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
1.6 bn GBP
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
1.2 bn GBP
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
22.4x
computed by olivLawFY 2025
P/E (TTM)
23.6x
computed by olivLawFY 2025
Earnings yield
4.2%
computed by olivLawFY 2025
P/B
2.1x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.6x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
13.2x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/Sales
0.5x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
11.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
FCF yield
9.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
2.9%
computed by olivLawFY 2025
Shareholder yield (distributions)
3.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 55 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

11.64 GBP

05 Nov 2026Source: olivLaw, closing series

Market cap: 1.6 bn GBP

Key indicators

Market capitalisation
1.6 bn GBP
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
23.6x
computed by olivLawFY 2025
P/B
2.1x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
9.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
2.8%
computed by olivLawFY 2025
Revenue growth (YoY)
6.1%
computed by olivLawFY 2025
Dividend yield
2.9%
computed by olivLawFY 2025

Coverage and freshness

28/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 12 May 2026
verified 87derived 3

Score by group

  • Quality63
  • Returns73
  • Balance sheet19
  • Valuation54

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

    Neutral profile · Score 55/100

    FactorValueScoreWeight used
    ROIC · Quality16.0%63 (vs peers)17%
    Net margin · Quality2.8%29 (vs peers)10%
    FCF conversion · Quality203.8%100 (on a fixed band)10%
    Revenue CAGR 3Y · Growthunavailableunavailable—
    EPS CAGR 3Y · Growthunavailableunavailable—
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Interest coverage · Balance sheet2.2x11 (on a fixed band)10%
    Current ratio · Balance sheet1.2x31 (on a fixed band)7%
    P/E (TTM) · Valuation23.6x17 (vs peers)17%
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuation9.1%100 (on a fixed band)13%
    Shareholder yield (distributions) · Returns3.8%55 (on a fixed band)10%
    Payout ratio (FCF) · Returns29.9%100 (on a fixed band)7%

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet19/100 · 2/3 factors with a value
    • Growth· partialunavailable · 0/2 factors with a value
    • Quality63/100 · 3/3 factors with a value
    • Returns73/100 · 2/2 factors with a value
    • Valuation54/100 · 2/3 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

    SAVILLS PLC (SVS.L). Latest full fiscal year: 2025; data up to 2025-12-31.

    Figures computed from the financial statements: revenue 2.6 bn GBP in 2025; YoY growth 6.1%; net margin 2.8%; ROE 9.4%.

    The estimated value range is 5.57–8.58 GBP per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 7.11 GBP, the price of 11.64 GBP leaves a potential of -38.9% (value / price − 1) and a margin of safety of -63.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

    olivLaw score 55/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • FCF conversion: 203.8%
    • FCF yield: 9.1%
    • Payout ratio (FCF): 29.9%

    What contradicts it

    • Net margin: 2.8%
    • Interest coverage: 2.2x
    • P/E (TTM): 23.6x
    • The price is above the estimated value range
    • The valuation methods diverge

    Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.

    Versus the vertical median

    Listed companies from United Kingdom · same country · compared with 39 companies

    Multiples and returns vs the median

    P/E
    23.6x
    vertical median 15.3x
    above median (+53.9%)
    EV/EBITDA
    —
    vertical median —
    P/S
    0.6x
    vertical median 1.5x
    below median (−59.5%)
    P/B
    2.1x
    vertical median 2.2x
    at median
    ROE
    9.4%
    vertical median 14.4%
    below median (−34.8%)
    Net margin
    2.8%
    vertical median 10.8%
    below median (−74.2%)
    EBIT margin
    3.7%
    vertical median 22.9%
    below median (−84.0%)
    Revenue YoY
    6.1%
    vertical median 7.9%
    below median (−22.5%)
    Net debt/EBITDA
    —
    vertical median —
    Dividend yield
    2.9%
    vertical median 2.9%
    at median

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    BATS.LBritish American Tobacco P.L.C.104.3 bn13.516.5%30.3%−1.0%+7% / +88%
    ABF.LAssociated British Foods PLC14.7 bn14.39.2%5.3%−3.1%−5% / −15%
    0EV1.LCarnival PLC5.5 bn4.146.7%13.4%+6.4%unavailable / unavailable
    BAB.LBabcock International Group PLC5.1 bn24.734.7%4.1%+7.2%−10% / +158%
    AUTO.LAutotrader Group PLC4.8 bn16.460.2%47.1%+3.9%−13% / −23%
    BBY.LBalfour Beatty PLC4.2 bn16.323.2%2.8%+15.2%+20% / +160%
    ABDN.LAberdeen Group PLC4.1 bn10.88.0%28.9%−2.1%+11% / +41%
    BKG.LThe Berkeley Group Holdings PLC3.6 bn11.38.8%13.4%−4.2%−0% / −22%
    BME.LB&M European Value Retail PLC2.9 bn17.421.2%2.8%+3.7%+68% / −51%
    AJB.LAj Bell PLC2.4 bn22.849.9%33.1%+18.0%+8% / +128%
    SVS.LSavills PLC1.6 bn23.69.4%2.8%+6.1%+14% / +47%
    ASHM.LAshmore Group PLC1.4 bn13.913.1%71.6%−0.1%+28% / +18%
    BCG.LBaltic Classifieds Group PLC1.2 bn23.215.8%57.6%+6.9%−99% / −99%
    APN.LApplied Nutrition PLC763.6 m36.241.2%19.7%+24.2%+71% / unavailable
    BAG.LA.G. Barr P.L.C.671.9 m14.414.4%10.8%+4.0%−7% / +26%
    ASC.LAsos PLC494.5 m—-81.3%-12.0%−14.7%+71% / +8%
    ALFA.LAlfa Financial Software Holdings PLC486.8 m16.361.5%23.8%+15.3%−28% / +10%
    AML.LAston Martin Lagonda Global Holdings PLC344.3 m—-93.4%-39.2%−20.6%−45% / −85%
    APTD.LAptitude Software Group PLC111.3 m28.57.2%6.2%−7.3%−30% / −23%
    AMGO.LAmigo Holdings PLC9.9 m———−81.9%+325% / +844%
    ASBE.LAssociated British Engineering PLC605.3 k—-19.1%—unavailableunavailable / unavailable
    AMIF.LAmicorp Fs (uk) PLC221.6 k0.127.5%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%

    1- and 3-year price returns: for SVS.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

    Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

    Bear
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Base
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Bull
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Nothing is saved.

    Estimated price (GBP)

    Estimated priceBearBaseBull
    1 years
    7.37
    Total return -34% · Per year -34%
    13.03
    Total return 15% · Per year 15%
    19.61
    Total return 72% · Per year 72%
    3 years
    7.39
    Total return -29% · Per year -11%
    14.67
    Total return 36% · Per year 11%
    24.21
    Total return 121% · Per year 30%
    5 years
    7.41
    Total return -24% · Per year -5%
    16.52
    Total return 60% · Per year 10%
    29.89
    Total return 181% · Per year 23%
    What moves the 3-year price the most
    • Exit P/E± 3.67
    • Net margin± 2.57
    • Annual revenue growth± 2.08
    • Annual dilution± 0.22

    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

    Savills plc is a UK-listed real estate services company active globally in residential, consultancy, property management and investment. In fiscal 2025 underlying profit before tax rose 11%, and Simon Shaw took over as Group CEO from 1 January 2026 1. With transaction markets steadier, the group's momentum could hold if recurring income keeps growing.

    SWOT

    Strengths

    • A diversified global platform with income from several business lines and solid recurring services.
    • Profit and margin growth in fiscal 2025 point to improved operating discipline.
    • A renewed leadership team with a planned transition to group leadership.

    Weaknesses

    • Transaction revenue remains sensitive to the economic cycle and the interest rate environment.
    • Some geographies, such as Continental Europe and North America, have had uneven performance in the past.
    • Restructuring and leadership change costs may weigh on short-term results.

    Opportunities

    • Extending facilities management in Asia through the Singapore acquisition could add recurring revenue.
    • Selective acquisitions in residential and property management could accelerate growth.
    • Digitalising valuations and the Athena database could improve efficiency and client service.

    Threats

    • Trade tensions and geopolitical uncertainty could again reduce transaction activity.
    • Competition from large global networks could squeeze consultancy margins.
    • Regulatory and tax changes in operating markets could raise costs.

    Risks

    • Dependence on the transaction cyclehigh

      A fall in transaction volumes could weigh on consultancy and investment revenue.

    • Execution of the leadership transitionmedium

      Changes at group level and in regional committees could delay strategic decisions.

    • Macroeconomic and geopolitical riskhigh

      The company flagged uncertainty about economic and geopolitical conditions for 2026.

    • Technology implementation riskmedium

      Digitalisation projects and accounting system migration carry operational and cybersecurity risk.

    • Incentive planslow

      No PSP was granted in 2025 and the 2026 terms are still under review, which may affect pay alignment.

    Investment thesis

    What would need to be true (bull case)

    • If margin gains hold, profit could keep benefiting from operating scale.
    • Growth in occupier services and property management could reduce reliance on transactions.
    • If transaction markets stay stable, the fiscal 2025 advance could be consolidated.

    What would break the thesis

    • If trade tensions return, transactions could fall quickly and weigh on profit.
    • Strong competition in consultancy could limit margin expansion.
    • The leadership transition and reorganisations may bring costs and execution delays.

    What to watch

    • Evolution of group margin against 5.7% in fiscal 20252026
    • Results of Savills Investment Management and the Samsung Life relationship2026
    • Integration of the Alpina Holdings acquisition in Singapore2026
    • Terms of the new incentive plans for 20262026

    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

    Savills provides real estate services to investors, developers, occupiers and private owners, with regional platforms across EMEA and Asia Pacific 1. The offer spans transactions, consultancy, property management, occupier services and investment through Savills Investment Management. Group margin reached 5.7% in fiscal 2025, up from 5.4% in fiscal 2024, and underlying profit before tax was £145.3m 1.

    The operating structure pairs the Savills brand with specialist divisions, and the group reorganised its EMEA and Asia Pacific executive committees across 2024 and 2025. The CEO change, with Simon Shaw becoming Group CEO from 1 January 2026, marks a new leadership stage 1.

    The group expanded integrated facilities management, including an initial 70% interest in Alpina Holdings in Singapore completed in December 2025 1. The move aims to build recurring service income beyond the transaction cycle.

    Segments

    Global Occupier Services (GOS)

    Occupier services grew organically by 13% in fiscal 2025, one of the group's faster-growing lines 1. Growth rests on long-term corporate contracts and expansion in Asia Pacific.

    Global Residential

    Residential revenue reached £293.6m in fiscal 2025, up 9% year-on-year 1. The division is assessing selective acquisitions in Paris, Portugal, Madrid, Australia and Singapore.

    Savills Investment Management

    The investment division reported underlying profit before tax of £13.8m in fiscal 2025, a 37% improvement 1. The relationship with Samsung Life remains central to its asset management strategy.

    Market context

    Transaction activity stabilised in the second half of fiscal 2025 after disruption from US tariffs in the second quarter 1. The rise in group margin suggests operating scale began to pay off, but the sector stays sensitive to macroeconomic and geopolitical conditions.

    The company points to uncertain macroeconomic and geopolitical conditions ahead, which affects the timing of long-term incentive awards 1. The real estate services market remains fragmented, with strong competition from large global networks.

    Trends

    • Transaction recoverytailwind

      More active transaction markets in the first and fourth quarters supported operating profit growth 1. If deal flow consolidates, consultancy revenue could benefit directly.

    • Recurring servicestailwind

      Expansion of occupier services and property management reduces reliance on the transaction cycle and steadies revenue 1.

    • Macroeconomic uncertaintyheadwind

      Trade tariffs and geopolitical tensions weighed on activity in fiscal 2025 and encouraged caution in planning for 2026 1.

    • Digitalisation and datamixed

      Investment in the Athena database, digital valuation tools and accounting systems may lower costs, but it carries spending and implementation risk 1.

    Competitive position

    Savills competes with global real estate services networks and with firms specialising in consultancy, property management and investment. Differentiation rests on regional presence and integrated offers for occupiers and investors 1.

    Competition is intense in consultancy and investment, where larger firms can use scale to lower service prices. The company aims to offset this through margin gains and integrated services 1.

    • CBRE GroupCBRE

      Global real estate services network comparable in activity and geographic reach.

    • JLL (Jones Lang LaSalle)JLL

      Global competitor in transactions, consultancy and property management.

    • Cushman & WakefieldCWK

      Real estate services and consultancy provider with international presence.

    • Colliers International

      Real estate services firm active in several regions, listed outside the United States.

    News & filings

    Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

    Savills plc (SVS.L): stock, results, valuation and forecast · olivLaw