Admiral Group plc

LSE:ADM Stock Report

Market Cap: UK£10.4b

Admiral Group Valuation

Is ADM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ADM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ADM (£33.89) is trading below our estimate of future cash flow value (£63.87)

Significantly Below Future Cash Flow Value: ADM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADM?

Key metric: As ADM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADM. This is calculated by dividing ADM's market cap by their current earnings.
What is ADM's PE Ratio?
PE Ratio13.9x
EarningsUK£745.60m
Market CapUK£10.44b

Price to Earnings Ratio vs Peers

How does ADM's PE Ratio compare to its peers?

The above table shows the PE ratio for ADM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
BEZ Beazley
11.1x-10.72%UK£7.5b
HSX Hiscox
11.3x5.74%UK£5.1b
LRE Lancashire Holdings
6.6x-0.84%UK£1.4b
SBRE Sabre Insurance Group
9.8x6.17%UK£371.8m
ADM Admiral Group
13.9x4.77%UK£10.4b

Price-To-Earnings vs Peers: ADM is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (9.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ADM's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ADM 13.9xIndustry Avg. 13.5xNo. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADM is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the European Insurance industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is ADM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.9x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: ADM is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£33.89
UK£33.36
-1.56%
12.06%UK£38.00UK£23.50n/a15
Apr ’27UK£31.58
UK£33.23
+5.22%
11.73%UK£38.00UK£23.50n/a15
Mar ’27UK£29.64
UK£32.21
+8.66%
11.30%UK£37.50UK£23.50n/a15
Feb ’27UK£27.50
UK£33.44
+21.59%
12.04%UK£41.00UK£23.50n/a15
Jan ’27UK£31.76
UK£35.20
+10.82%
12.77%UK£41.00UK£23.50n/a14
Dec ’26UK£31.66
UK£36.31
+14.68%
12.66%UK£41.00UK£23.50n/a14
Nov ’26UK£32.76
UK£36.05
+10.04%
12.07%UK£41.00UK£23.50n/a15
Oct ’26UK£33.76
UK£36.05
+6.78%
12.07%UK£41.00UK£23.50n/a15
Sep ’26UK£36.04
UK£34.83
-3.36%
14.38%UK£41.00UK£22.70n/a15
Aug ’26UK£34.24
UK£33.62
-1.81%
14.12%UK£38.50UK£23.00n/a15
Jul ’26UK£32.62
UK£32.34
-0.86%
14.40%UK£38.00UK£23.00n/a15
Jun ’26UK£33.50
UK£32.60
-2.68%
14.34%UK£38.00UK£23.00n/a16
May ’26UK£32.54
UK£32.13
-1.25%
14.27%UK£38.00UK£23.00n/a16
Apr ’26UK£29.00
UK£32.07
+10.57%
14.25%UK£38.00UK£23.00UK£31.5816
Mar ’26UK£28.75
UK£30.04
+4.49%
11.47%UK£35.50UK£23.00UK£29.6416
Feb ’26UK£27.03
UK£30.23
+11.83%
11.97%UK£35.50UK£23.00UK£27.5016
Jan ’26UK£26.44
UK£29.66
+12.17%
15.38%UK£35.50UK£19.45UK£31.7616
Dec ’25UK£25.63
UK£29.64
+15.65%
15.39%UK£35.50UK£19.45UK£31.6616
Nov ’25UK£25.63
UK£30.01
+17.10%
14.79%UK£35.50UK£19.45UK£32.7616
Oct ’25UK£27.82
UK£30.01
+7.85%
15.41%UK£35.50UK£19.45UK£33.7616
Sep ’25UK£29.18
UK£29.96
+2.69%
15.32%UK£35.50UK£19.45UK£36.0416
Aug ’25UK£27.28
UK£28.37
+4.01%
15.27%UK£34.00UK£19.45UK£34.2416
Jul ’25UK£25.74
UK£28.25
+9.74%
15.72%UK£34.00UK£19.45UK£32.6216
Jun ’25UK£27.14
UK£28.00
+3.18%
15.25%UK£34.00UK£19.45UK£33.5016
May ’25UK£27.01
UK£27.72
+2.62%
15.37%UK£34.00UK£19.45UK£32.5415
Apr ’25UK£28.37
UK£27.18
-4.18%
14.44%UK£32.10UK£19.45UK£29.0015
UK£33.36
Fair Value
1.6% overvalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/24 17:51
End of Day Share Price 2026/04/24 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Admiral Group plc is covered by 28 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ivan BokhmatBarclays
Carl LofthagenBerenberg
Thomas SeidlBernstein