CMC MARKETS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 280.5 GBX | +2.56% |
|
+6.25% | +167.14% |
| May. 02 | Deutsche Bank Starts CMC Markets Coverage at Sell | MT |
| May. 02 | Deutsche Bank likes TP ICAP but says sell CMC | AN |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 239.7 | 519.5 | 1,402 | 737.2 | 490.8 | 763.4 | - | - |
| Enterprise Value (EV) 1 | 193.3 | 436.9 | 1,402 | 560.8 | 344.5 | 607.3 | 586.7 | 548.5 |
| P/E ratio | 41.6 x | 5.98 x | 7.89 x | 10.3 x | 12 x | 19.1 x | 15.2 x | 13.2 x |
| Yield | 2.44% | 8.35% | 6.34% | 4.86% | 4.21% | 2.57% | 3.14% | 3.49% |
| Capitalization / Revenue | 1.83 x | 2.06 x | 3.42 x | 2.61 x | 1.7 x | 2.41 x | 2.44 x | 2.33 x |
| EV / Revenue | 1.48 x | 1.73 x | 3.42 x | 1.99 x | 1.19 x | 1.91 x | 1.87 x | 1.68 x |
| EV / EBITDA | 12.8 x | 3.91 x | 5.92 x | 5.3 x | 4.91 x | 8.08 x | 6.88 x | 5.9 x |
| EV / FCF | - | - | - | 3.91 x | 5.38 x | 17.3 x | 15.4 x | 13.9 x |
| FCF Yield | - | - | - | 25.6% | 18.6% | 5.8% | 6.5% | 7.17% |
| Price to Book | 1.17 x | 1.84 x | 3.49 x | 2 x | 1.33 x | 1.94 x | 1.82 x | 1.71 x |
| Nbr of stocks (in thousands) | 288,418 | 288,610 | 290,362 | 289,677 | 279,162 | 279,110 | - | - |
| Reference price 2 | 0.8310 | 1.800 | 4.830 | 2.545 | 1.758 | 2.735 | 2.735 | 2.735 |
| Announcement Date | 6/6/19 | 6/11/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 130.8 | 252 | 409.8 | 282 | 288.4 | 317.1 | 313 | 327 |
| EBITDA 1 | 15.1 | 111.7 | 237 | 105.7 | 70.12 | 75.19 | 85.26 | 92.93 |
| EBIT 1 | 7.771 | 100.7 | 225.8 | 92.82 | 54.48 | 56.62 | 68.61 | 73.35 |
| Operating Margin | 5.94% | 39.96% | 55.1% | 32.92% | 18.89% | 17.85% | 21.92% | 22.43% |
| Earnings before Tax (EBT) 1 | 6.329 | 98.7 | 224 | 92.14 | 52.16 | 55.33 | 68.23 | 79.19 |
| Net income 1 | 5.878 | 86.9 | 178.1 | 72 | 41.44 | 40.13 | 52.87 | 61.75 |
| Net margin | 4.49% | 34.48% | 43.47% | 25.54% | 14.37% | 12.65% | 16.89% | 18.88% |
| EPS 2 | 0.0200 | 0.3010 | 0.6120 | 0.2470 | 0.1460 | 0.1429 | 0.1802 | 0.2077 |
| Free Cash Flow 1 | - | - | - | 143.6 | 64.07 | 35.2 | 38.15 | 39.35 |
| FCF margin | - | - | - | 50.92% | 22.21% | 11.1% | 12.19% | 12.03% |
| FCF Conversion (EBITDA) | - | - | - | 135.8% | 91.38% | 46.82% | 44.75% | 42.34% |
| FCF Conversion (Net income) | - | - | - | 199.41% | 154.61% | 87.72% | 72.16% | 63.73% |
| Dividend per Share 2 | 0.0203 | 0.1503 | 0.3063 | 0.1238 | 0.0740 | 0.0702 | 0.0858 | 0.0954 |
| Announcement Date | 6/6/19 | 6/11/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 102.3 | 149.7 | 230.9 | 178.9 | 153.5 | 135 | 122.6 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | - | 69.57 | - | 83.77 | 37.89 | 16.59 | 4.247 |
| Operating Margin | - | 46.47% | - | 46.82% | 24.69% | 12.29% | 3.47% |
| Earnings before Tax (EBT) | - | 68.6 | - | 82.9 | - | - | - |
| Net income | - | 59.4 | - | 67.32 | - | - | - |
| Net margin | - | 39.68% | - | 37.63% | - | - | - |
| EPS | - | 0.2070 | - | - | - | - | - |
| Dividend per Share | - | 0.1218 | 0.0920 | 0.2143 | 0.0350 | 0.0390 | - |
| Announcement Date | 11/21/19 | 6/11/20 | 11/19/20 | 6/10/21 | 11/16/22 | 6/13/23 | 11/16/23 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 46.4 | 82.6 | - | 176 | 146 | 156 | 177 | 215 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | 144 | 64.1 | 35.2 | 38.2 | 39.4 |
| ROE (net income / shareholders' equity) | 2.77% | 35.6% | 52.1% | 18.7% | 11.1% | 10% | 12.2% | 12.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 5.59% | 8.76% | 9.74% |
| Assets 1 | - | - | - | - | - | 718.4 | 603.8 | 633.9 |
| Book Value Per Share 2 | 0.7100 | 0.9800 | 1.380 | 1.270 | 1.330 | 1.410 | 1.500 | 1.600 |
| Cash Flow per Share 2 | 0.0700 | 0.2200 | 0.4100 | 0.5800 | - | 0.0400 | -0.4700 | 0.3100 |
| Capex 1 | 3.8 | 2.65 | 4.16 | 3.5 | 7.09 | 9.68 | 7.78 | 8.03 |
| Capex / Sales | 2.91% | 1.05% | 1.02% | 1.24% | 2.46% | 3.05% | 2.49% | 2.45% |
| Announcement Date | 6/6/19 | 6/11/20 | 6/10/21 | 6/9/22 | 6/13/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
6
Last Close Price
2.735
GBP
Average target price
1.785
GBP
Spread / Average Target
-34.73%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +159.25% | 970M | |
| -9.12% | 27.81B | |
| -7.80% | 15.67B | |
| +8.47% | 14.05B | |
| +50.08% | 13.33B | |
| -29.15% | 10.13B | |
| -5.17% | 8.91B | |
| -17.45% | 6.65B | |
| +9.49% | 6.05B | |
| -7.27% | 5.54B |
- Stock Market
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- CMCX Stock
- Financials CMC Markets Plc
