Cash flow Capital Gearing Trust p.l.c

Equities

CGT

GB0001738615

Investment Trusts

Market Closed - London S.E. Other stock markets 11:35:21 2024-12-06 am EST			5-day change	1st Jan Change
4,790.00 ^GBX	-0.42%		-0.10%	+2.35%

Nov. 18	Capital Gearing Trust p.l.c, H1 2025 Earnings Call, Nov 18, 2024
Nov. 13	Stocks called higher while Trump assembles cabinet	AN

36a787f694933b18360e58f27e1a1829.v9MaVnVw4-OJNbHBYggB22kPZ4hOlIVrtCehWAh8lBw.-JQqJlgpoJPPAfegKTBougRDMdcXxLw-9VLMMDAt1k6Gkk4JEj2ulMR9_A

Published financial data: CAPITAL GEARING TRUST P.L.C

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Gain (Loss) on Sale of Investment, Total (Rev)	-10.76M	57.45M	57.88M	-68.45M	-3.11M
Interest And Invest. Income (Rev)	7.78M	9.94M	14.68M	24.85M	25.14M
Other Revenues, Total	-	-	-	93K	400K
Total Revenues	-2.98M	67.39M	72.55M	-43.51M	22.43M
Gross Profit	-2.98M	67.39M	72.55M	-43.51M	22.43M
Selling General & Admin Expenses, Total	2.68M	3.22M	4.35M	5.59M	5.37M
Other Operating Expenses, Total	2.68M	3.22M	4.35M	5.59M	5.37M
Operating Income	-5.67M	64.18M	68.2M	-49.1M	17.06M
Currency Exchange Gains (Loss)	289K	-116K	530K	-547K	-109K
EBT, Excl. Unusual Items	-5.38M	64.06M	68.73M	-49.65M	16.96M
EBT, Incl. Unusual Items	-5.38M	64.06M	68.73M	-49.65M	16.96M
Income Tax Expense	100K	396K	510K	1.74M	3.22M
Earnings From Continuing Operations	-5.48M	63.67M	68.22M	-51.39M	13.74M
Net Income to Company	-5.48M	63.67M	68.22M	-51.39M	13.74M
Net Income - (IS)	-5.48M	63.67M	68.22M	-51.39M	13.74M
Net Income to Common Incl Extra Items	-5.48M	63.67M	68.22M	-51.39M	13.74M
Net Income to Common Excl. Extra Items	-5.48M	63.67M	68.22M	-51.39M	13.74M
Per Share Items
Net EPS - Basic	-0.55	5.13	3.95	-2.06	0.56
Basic EPS - Continuing Operations	-0.55	5.13	3.95	-2.06	0.56
Basic Weighted Average Shares Outstanding	9.89M	12.4M	17.27M	24.91M	24.31M
Net EPS - Diluted	-0.55	5.13	3.95	-2.06	0.56
Diluted EPS - Continuing Operations	-0.55	5.13	3.95	-2.06	0.56
Diluted Weighted Average Shares Outstanding	9.89M	12.4M	17.27M	24.91M	24.31M
Normalized Basic EPS	-0.34	3.23	2.49	-1.25	0.44
Normalized Diluted EPS	-0.34	3.23	2.49	-1.25	0.44
Dividend Per Share	0.25	0.45	0.46	0.6	0.78
Payout Ratio	-35.54	4.58	9.93	-20.54	113.41
Supplemental Items
EBITA	-5.67M	64.18M	68.2M	-49.1M	17.06M
EBIT	-5.67M	64.18M	68.2M	-49.1M	17.06M
Total Revenues (As Reported)	-2.7M	67.28M	73.08M	-44.06M	22.32M
Effective Tax Rate - (Ratio)	-1.86	0.62	0.74	-3.5	18.99
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	100K	396K	510K	1.74M	3.22M
Normalized Net Income	-3.36M	40.04M	42.96M	-31.03M	10.6M
Supplemental Operating Expense Items
General and Administrative Expenses	2.14M	2.6M	3.63M	4.62M	4.3M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	33.64M	37.24M	50.61M	13.77M	11.64M
Total Cash And Short Term Investments	33.64M	37.24M	50.61M	13.77M	11.64M
Other Receivables	1.05M	2.78M	13.34M	7.71M	4.41M
Total Receivables	1.05M	2.78M	13.34M	7.71M	4.41M
Prepaid Expenses	1.16M	1.12M	2.04M	186K	89K
Total Current Assets	35.86M	41.14M	66M	21.66M	16.14M
Long-term Investments	445M	594M	992M	1.25B	1.05B
Total Assets	481M	635M	1.06B	1.27B	1.07B
Liabilities
Accrued Expenses, Total	703K	819K	1.17M	12.72M	9.59M
Current Income Taxes Payable	64K	342K	243K	1M	141K
Other Current Liabilities	9.88M	160K	6.64M	20K	27K
Total Current Liabilities	10.65M	1.32M	8.06M	13.74M	9.76M
Total Liabilities	10.65M	1.32M	8.06M	13.74M	9.76M
Common Stock, Total	2.9M	3.45M	5.22M	6.64M	6.64M
Additional Paid In Capital	363M	463M	816M	1.1B	-
Retained Earnings	104M	167M	229M	151M	16.11M
Comprehensive Income and Other	16K	16K	16K	16K	1.04B
Total Common Equity	470M	634M	1.05B	1.26B	1.06B
Total Equity	470M	634M	1.05B	1.26B	1.06B
Total Liabilities And Equity	481M	635M	1.06B	1.27B	1.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.51M	13.81M	20.89M	26.04M	21.38M
ECS Total Common Shares Outstanding	11.51M	13.81M	20.89M	26.26M	22.04M
Book Value / Share	40.84	45.9	50.25	47.97	48.11
Tangible Book Value	470M	634M	1.05B	1.26B	1.06B
Tangible Book Value Per Share	40.84	45.9	50.25	47.97	48.11
Total Debt	0	0	0	0	0
Net Debt	-33.64M	-37.24M	-50.61M	-13.77M	-11.64M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-5.48M	63.67M	68.22M	-51.39M	13.74M
Other Operating Activities, Total	11.37M	-56.53M	-57.96M	69.31M	2.25M
Change In Accounts Receivable	-	-	-	-	-
Change In Accounts Payable	-	-	-	-	-
Change In Income Taxes	13K	-5K	-3K	-10K	4K
Change in Other Net Operating Assets	101K	126K	-495K	-1.42M	-5.38M
Cash from Operations	6M	7.26M	9.76M	16.5M	10.61M
Investment in Marketable and Equity Securities, Total	-135M	-103M	-337M	-324M	197M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-135M	-103M	-337M	-324M	197M
Issuance of Common Stock	165M	104M	348M	297M	-
Repurchase of Common Stock	-7.76M	-	-	-15.32M	-191M
Common Dividends Paid	-1.95M	-2.92M	-6.77M	-10.56M	-15.58M
Common & Preferred Stock Dividends Paid	-1.95M	-2.92M	-6.77M	-10.56M	-15.58M
Special Dividend Paid	-1.02M	-1.98M	-	-	-2.58M
Other Financing Activities, Total	-687K	-134K	-676K	-1.04M	-
Cash from Financing	154M	98.92M	341M	270M	-209M
Net Change in Cash	24.21M	3.6M	13.37M	-36.84M	-2.12M
Supplemental Items
Cash Income Tax Paid (Refund)	-	90K	596K	874K	4.04M
Levered Free Cash Flow	3.51M	29.1M	37.87M	-17.51M	10.08M
Unlevered Free Cash Flow	3.51M	29.1M	37.87M	-17.51M	10.08M
Change In Net Working Capital	-7.06M	11.01M	4.76M	-13.18M	586K

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.88	7.19	5.03	-2.63	0.91
Return on Total Capital	-0.89	7.27	5.06	-2.66	0.92
Return On Equity %	-1.38	11.53	8.1	-4.45	1.18
Return on Common Equity	-1.38	11.53	8.1	-4.45	1.18
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	-89.95	4.77	6	-12.86	23.93
EBITA Margin %	189.95	95.23	94	112.86	76.07
EBIT Margin %	189.95	95.23	94	112.86	76.07
Income From Continuing Operations Margin %	183.61	94.47	94.03	118.11	61.23
Net Income Margin %	183.61	94.47	94.03	118.11	61.23
Net Avail. For Common Margin %	183.61	94.47	94.03	118.11	61.23
Normalized Net Income Margin	112.66	59.41	59.21	71.32	47.24
Levered Free Cash Flow Margin	-117.71	43.19	52.19	40.25	44.93
Unlevered Free Cash Flow Margin	-117.71	43.19	52.19	40.25	44.93
Asset Turnover
Asset Turnover	-0.01	0.12	0.09	-0.04	0.02
Short Term Liquidity
Current Ratio	3.37	31.14	8.19	1.58	1.65
Quick Ratio	3.26	30.3	7.94	1.56	1.64
Operating Cash Flow to Current Liabilities	0.56	5.49	1.21	1.2	1.09
Long Term Solvency
Total Liabilities / Total Assets	2.21	0.21	0.76	1.08	0.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-115.18	-2.36K	7.65	-159.97	-151.56
Gross Profit, 1 Yr. Growth %	-115.18	-2.36K	7.65	-159.97	-151.56
EBITA, 1 Yr. Growth %	-131.8	-1.23K	6.26	-172	-134.75
EBIT, 1 Yr. Growth %	-131.8	-1.23K	6.26	-172	-134.75
Earnings From Cont. Operations, 1 Yr. Growth %	-130.77	-1.26K	7.15	-175.33	-126.73
Net Income, 1 Yr. Growth %	-130.77	-1.26K	7.15	-175.33	-126.73
Normalized Net Income, 1 Yr. Growth %	-130.16	-1.29K	7.28	-172.24	-134.15
Diluted EPS Before Extra, 1 Yr. Growth %	-120.63	-1.03K	-23.07	-152.23	-127.38
Total Assets, 1 Yr. Growth %	47.36	32.17	66.5	20.38	-15.98
Tangible Book Value, 1 Yr. Growth %	46.01	34.89	65.58	19.99	-15.84
Common Equity, 1 Yr. Growth %	46.01	34.89	65.58	19.99	-15.84
Cash From Operations, 1 Yr. Growth %	104.53	20.83	34.5	69.06	-35.68
Levered Free Cash Flow, 1 Yr. Growth %	-72.79	728.59	30.11	-146.24	-157.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-72.79	728.59	30.11	-146.24	-157.56
Dividend Per Share, 1 Yr. Growth %	8.7	80	2.22	30.43	30
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	35.18	85.14	393.09	-19.65	-44.4
Gross Profit, 2 Yr. CAGR %	35.18	85.14	393.09	-19.65	-44.4
EBITA, 2 Yr. CAGR %	565.44	89.76	246.87	-12.53	-49.98
EBIT, 2 Yr. CAGR %	565.44	89.76	246.87	-12.53	-49.98
Earnings From Cont. Operations, 2 Yr. CAGR %	778.46	89.08	252.86	-10.16	-55.13
Net Income, 2 Yr. CAGR %	778.46	89.08	252.86	-10.16	-55.13
Normalized Net Income, 2 Yr. CAGR %	854.83	89.53	257.45	-11.96	-50.33
Diluted EPS Before Extra, 2 Yr. CAGR %	527.67	38.3	167.06	-36.61	-62.18
Total Assets, 2 Yr. CAGR %	47.75	39.56	48.35	41.57	0.57
Tangible Book Value, 2 Yr. CAGR %	46.32	40.34	49.45	40.95	0.49
Common Equity, 2 Yr. CAGR %	46.32	40.34	49.45	40.95	0.49
Cash From Operations, 2 Yr. CAGR %	123.33	57.21	27.48	50.79	4.28
Levered Free Cash Flow, 2 Yr. CAGR %	137.45	50.16	228.34	-22.43	-48.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	137.45	50.16	228.34	-22.43	-48.41
Dividend Per Share, 2 Yr. CAGR %	9.11	39.88	35.65	15.47	30.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-44.47	245.58	54.53	144.3	-30.7
Gross Profit, 3 Yr. CAGR %	-44.47	245.58	54.53	144.3	-30.7
EBITA, 3 Yr. CAGR %	-29.53	694.44	56.41	105.38	-35.7
EBIT, 3 Yr. CAGR %	-29.53	694.44	56.41	105.38	-35.7
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.35	864.31	56.47	110.89	-40.02
Net Income, 3 Yr. CAGR %	-30.35	864.31	56.47	110.89	-40.02
Normalized Net Income, 3 Yr. CAGR %	-30.78	927.82	56.78	109.77	-35.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.3	614.82	13.74	55.02	-52.08
Total Assets, 3 Yr. CAGR %	41.31	42.36	48.02	38.37	18.97
Tangible Book Value, 3 Yr. CAGR %	40.51	42.41	48.29	38.9	18.69
Common Equity, 3 Yr. CAGR %	40.51	42.41	48.29	38.9	18.69
Cash From Operations, 3 Yr. CAGR %	209.78	81.98	49.24	40.06	13.51
Levered Free Cash Flow, 3 Yr. CAGR %	-30.66	260.16	43.16	70.83	-29.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-30.66	260.16	43.16	70.83	-29.78
Dividend Per Share, 3 Yr. CAGR %	7.72	28.92	25.99	33.89	20.12
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-13.3	73.93	33.01	92.81	2.67
Gross Profit, 5 Yr. CAGR %	-13.3	73.93	33.01	92.81	2.67
EBITA, 5 Yr. CAGR %	1.8	81.95	33.31	228.69	-0.87
EBIT, 5 Yr. CAGR %	1.8	81.95	33.31	228.69	-0.87
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.7	83.08	33.29	273.18	-5.06
Net Income, 5 Yr. CAGR %	-0.7	83.08	33.29	273.18	-5.06
Normalized Net Income, 5 Yr. CAGR %	-0.94	83.31	33.48	284.61	-1
Diluted EPS Before Extra, 5 Yr. CAGR %	-22.17	37.61	-1.45	171.22	-26.78
Total Assets, 5 Yr. CAGR %	37.74	42.46	44.08	42.05	26.82
Tangible Book Value, 5 Yr. CAGR %	37.25	42.5	44.02	41.82	26.92
Common Equity, 5 Yr. CAGR %	37.25	42.5	44.02	41.82	26.92
Cash From Operations, 5 Yr. CAGR %	46.33	260	117.18	68.8	29.3
Levered Free Cash Flow, 5 Yr. CAGR %	-21.97	71.77	29.16	94.88	-4.83
Unlevered Free Cash Flow, 5 Yr. CAGR %	-21.97	71.77	29.16	94.88	-4.83
Dividend Per Share, 5 Yr. CAGR %	4.56	17.61	18.13	23.36	27.67