Professional
Added to YB: 2025-08-26
Pitch date: 2025-05-08
JUST.L [neutral]
Just Group plc
+47.99%
current return
Author Info
No bio for this author
Company Info
Just Group plc provides various retirement income products and services to individual, homeowners, and corporate clients in the United Kingdom.
Market Cap
GBP 2.2B
Pitch Price
GBP 1.46
Price Target
2.65 (+23%)
Dividend
1.18%
EV/EBITDA
11.23
P/E
34.00
EV/Sales
1.90
Sector
Insurance
Category
value
Ennismore Global Equity Fund Portfolio Holding: Just Group plc
JUST.L (holding update): UK retirement/annuity specialist trading at 50% of locked-in book value vs peers at NAV. Mid-teens IRR on new biz; £5.3bn 2023 premiums (+36% YoY); £504m op profit (+34%) vs £1.4bn mkt cap. Risks mitigated: longevity (90% reinsured), credit (low defaults), regulatory. 15%+ ROE, 200% solvency ratio. Target: 2x upside at NAV.
Read full article (5 min)