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Lighthouse Group (LGT)

Business description

Lighthouse comprises a diverse group of UK financial advice firms serving individuals and businesses. The main focus is on Middle Britain and contracts with 21 affinity groups are an important revenue and profit contributor.

Stock data

Market cap.£34.2m
Last close26.80p
High / Low (52 weeks)38.7p / 19.5p
Stock market listingLN
Forecast net debt (£m)9.2
Forecast gearing ratio (%)666
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual13.1(10.7)11.7
Relative *11.1(7.8)26.1

* % Relative to local index

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Investment summary

Lighthouse has confirmed that it is on course to meet board expectations for EBITDA and pre-tax profit for 2018, continuing the progress it made during the first half of the year. The potential to achieve good long-term growth through meeting the need for financial advice, particularly in the affinity business, remains in place.

Last updated on 11/01/2019

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 47.9 2.3 1.9 1.13 23.7 N/A
2017A 54.1 3.2 2.5 1.49 18.0 N/A
2018E 55.7 3.5 2.8 1.61 16.6 N/A
2019E 57.5 3.8 3.1 1.81 14.8 N/A

Last updated on 22/11/2018

Latest video

Executive interview – Lighthouse Group

Industry outlook

The industry background for financial advisers appears positive. Forecasts point to an ageing population with greater longevity. This is combined with a number of factors that mean individuals have to make more decisions and bear greater risk in relation to long-term saving for retirement. All this tends to push people to seek financial advice. As noted, for Lighthouse a key opportunity is to increase its penetration of the affinity partner membership.

Last updated on 29/11/2018

Key management

Richard Last, Chairman
Malcolm Streatfield, CEO
Peter Smith, CFO

Company address

26 Throgmorton Street,
London
EC2N 2AN
United Kingdom
020 7065 5640
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