Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Schroders PLC (SDR.L)

Price update date unknown; Fiscal year 2025; Annual financials downloaded 06 Nov 2026 16:15.

Starts from Fiscal year 2025 financials in GBP and a share price of GBP 5.89. Growth begins at 3.9% a year (the valuation's blended assumption) and fades to 2.4% by year 10. Margins held at EBITDA 27.1%, net 16.6%, free cash flow 17.8% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

For banks, insurers and holding companies, revenue and cash flow mix in interest and investment flows. Read net income rather than free cash flow.
GBP 3.74Model fair value (Justified P/B (ROE)); range GBP 3.23 to GBP 4.65
-36%Fair value vs today's price
MediumModel confidence
50%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF agrees; annual data only.

5.4%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
GBP 4.43BRevenue in year 10 (base)
GBP 735.65MNet income in year 10 (base)
GBP 787.70MFree cash flow in year 10 (base)
GBP 0.29Dividend per share in year 10 (base)
GBP 7.45Implied share price in year 10 (base), today GBP 5.89
8.3%Year-10 free cash flow per share vs today's price

Book value per share over time

GBP 0.00 GBP 1.17 GBP 2.35 GBP 3.52 GBP 4.70 FY2020 FY2022 FY2024 Fiscal year 2025 +1 +3 +5 +7 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Book value per share in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear -2.1% GBP 3.97 3.6%
Base 3.9% GBP 4.29 4.5%
Bull 9.9% GBP 4.70 5.4%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
Fiscal year 2025– GBP 3.25BGBP 879.40MGBP 539.80MGBP 578.00M 0.340.360.212.785.89
Year 13.9% GBP 3.38BGBP 913.61MGBP 560.80MGBP 600.48M 0.350.370.222.915.94
Year 23.7% GBP 3.50BGBP 947.64MGBP 581.68MGBP 622.85M 0.360.390.233.045.99
Year 33.6% GBP 3.63BGBP 981.36MGBP 602.39MGBP 645.02M 0.380.400.233.186.02
Year 43.4% GBP 3.75BGBP 1.01BGBP 622.83MGBP 666.90M 0.390.420.243.336.03
Year 53.2% GBP 3.87BGBP 1.05BGBP 642.93MGBP 688.43M 0.400.430.253.486.04
Year 63.1% GBP 3.99BGBP 1.08BGBP 662.62MGBP 709.51M 0.410.440.263.636.30
Year 72.9% GBP 4.11BGBP 1.11BGBP 681.81MGBP 730.06M 0.420.450.273.796.58
Year 82.7% GBP 4.22BGBP 1.14BGBP 700.43MGBP 750.00M 0.440.470.273.956.86
Year 92.6% GBP 4.33BGBP 1.17BGBP 718.40MGBP 769.24M 0.450.480.284.127.15
Year 102.4% GBP 4.43BGBP 1.20BGBP 735.65MGBP 787.70M 0.460.490.294.297.45

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.