POLAR CAPITAL HOLDINGS PLC Financials Polar Capital Holdings Plc
Equities
POLR
GB00B1GCLT25
Investment Management & Fund Operators
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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 560 GBX | +1.82% |
|
+2.00% | +20.17% |
| May. 16 | EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target | AN |
| May. 02 | Deutsche Bank likes TP ICAP but says sell CMC | AN |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 480.6 | 359.1 | 657.4 | 590.3 | 438.8 | 536.6 | - | - |
| Enterprise Value (EV) 1 | 378.7 | 251.3 | 520.6 | 469.2 | 438.8 | 430.8 | 435.1 | 427.8 |
| P/E ratio | 9.74 x | 9.32 x | 10.9 x | 12.8 x | 12.5 x | 13.9 x | 13.4 x | 12 x |
| Yield | 6.32% | 8.57% | 5.75% | 7.41% | - | 8.21% | 8.21% | 8.21% |
| Capitalization / Revenue | 2.71 x | 2.37 x | 3.26 x | 2.63 x | 2.4 x | 3.01 x | 3.01 x | 2.75 x |
| EV / Revenue | 2.13 x | 1.66 x | 2.58 x | 2.09 x | 2.4 x | 2.41 x | 2.44 x | 2.2 x |
| EV / EBITDA | 8.9 x | 5.85 x | 9.84 x | - | - | 7.03 x | 7.1 x | 6.19 x |
| EV / FCF | 7.57 x | 5.98 x | - | - | - | 8.57 x | 8.66 x | 7.62 x |
| FCF Yield | 13.2% | 16.7% | - | - | - | 11.7% | 11.6% | 13.1% |
| Price to Book | - | 3.06 x | - | - | - | 4.1 x | 4.27 x | 4.27 x |
| Nbr of stocks (in thousands) | 92,062 | 93,260 | 94,448 | 95,063 | 96,983 | 95,824 | - | - |
| Reference price 2 | 5.220 | 3.850 | 6.960 | 6.210 | 4.525 | 5.600 | 5.600 | 5.600 |
| Announcement Date | 6/24/19 | 6/22/20 | 7/1/21 | 6/27/22 | 6/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 177.5 | 151.7 | 201.5 | 224.1 | 182.9 | 178.4 | 178 | 194.8 |
| EBITDA 1 | 42.55 | 42.97 | 52.9 | - | - | 61.26 | 61.26 | 69.08 |
| EBIT 1 | 42.2 | 41.6 | 51.5 | 69.4 | 47.9 | 52.55 | 56.25 | 65.56 |
| Operating Margin | 23.77% | 27.42% | 25.56% | 30.97% | 26.19% | 29.45% | 31.6% | 33.65% |
| Earnings before Tax (EBT) 1 | 64.08 | 50.88 | 75.92 | 62.09 | 45.2 | 52.38 | 54.95 | 61.9 |
| Net income 1 | 52.39 | 40.18 | 62.72 | 48.92 | 35.61 | 39.31 | 40.26 | 46.24 |
| Net margin | 29.51% | 26.49% | 31.12% | 21.83% | 19.47% | 22.03% | 22.61% | 23.73% |
| EPS 2 | 0.5360 | 0.4130 | 0.6400 | 0.4870 | 0.3610 | 0.4017 | 0.4188 | 0.4650 |
| Free Cash Flow 1 | 50 | 42.03 | - | - | - | 50.25 | 50.25 | 56.12 |
| FCF margin | 28.17% | 27.71% | - | - | - | 28.16% | 28.23% | 28.8% |
| FCF Conversion (EBITDA) | 117.52% | 97.83% | - | - | - | 82.03% | 82.03% | 81.23% |
| FCF Conversion (Net income) | 95.45% | 104.6% | - | - | - | 127.82% | 124.83% | 121.36% |
| Dividend per Share 2 | 0.3300 | 0.3300 | 0.4000 | 0.4600 | - | 0.4600 | 0.4600 | 0.4600 |
| Announcement Date | 6/24/19 | 6/22/20 | 7/1/21 | 6/27/22 | 6/26/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | 103.6 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 21.3 | 20.3 | 22 | 29.3 | 36.3 | 33.1 | 25.8 | 22.1 | 22.5 |
| Operating Margin | - | - | - | - | 35.02% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0800 | 0.2500 | 0.0900 | 0.3100 | 0.1400 | 0.3200 | 0.1400 | - | 0.1400 |
| Announcement Date | 11/25/19 | 6/22/20 | 11/19/20 | 7/1/21 | 11/22/21 | 6/27/22 | 11/21/22 | 6/26/23 | 11/20/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 102 | 108 | 137 | 121 | - | 106 | 102 | 109 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 50 | 42 | - | - | - | 50.3 | 50.3 | 56.1 |
| ROE (net income / shareholders' equity) | - | 35.6% | 46.9% | - | - | 28.3% | 30.7% | 35.3% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 1.260 | - | - | - | 1.370 | 1.310 | 1.310 |
| Cash Flow per Share 2 | 0.7600 | 0.4300 | - | 0.7400 | - | 0.5700 | 0.5800 | 0.6900 |
| Capex | 24.7 | 0.11 | 0.16 | - | - | - | - | - |
| Capex / Sales | 13.9% | 0.07% | 0.08% | - | - | - | - | - |
| Announcement Date | 6/24/19 | 6/22/20 | 7/1/21 | 6/27/22 | 6/26/23 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
5.6
GBP
Average target price
5.742
GBP
Spread / Average Target
+2.53%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +20.17% | 682M | |
| -0.85% | 120B | |
| +6.13% | 97.54B | |
| +14.45% | 69.04B | |
| +21.20% | 65.26B | |
| +13.51% | 44.18B | |
| +14.28% | 43.11B | |
| +22.26% | 36.3B | |
| +9.23% | 26.27B | |
| -0.49% | 23.22B |
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