Company Valuation: Capital Gearing Trust p.l.c

Data adjusted to current consolidation scope
Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 325.2 481.8 646.1 1,074 1,242 1,035
Change - 48.13% 34.11% 66.19% 15.66% -16.69%
Enterprise Value (EV) 1 315.8 448.2 608.9 1,023 1,228 1,023
Change - 41.91% 35.87% 68.05% 20.04% -16.71%
P/E ratio 15.5x -75.8x 9.14x 13x -22.9x 83.1x
PBR 1.02x 1.03x 1.02x 1.02x 0.99x 0.98x
PEG - 1x -0x -0.6x 0x -1x
Capitalization / Revenue 16.5x -161x 9.59x 14.8x -28.5x 46.1x
EV / Revenue 16.1x -150x 9.03x 14.1x -28.2x 45.6x
EV / EBITDA - - - - - -
EV / EBIT 17.7x -79.1x 9.49x 15x -25x 60x
EV / FCF 24.5x 128x 20.9x 27x -70.1x 102x
FCF Yield 4.09% 0.78% 4.78% 3.7% -1.43% 0.99%
Dividend per Share 2 0.23 0.25 0.45 0.46 0.6 0.78
Rate of return 0.55% 0.6% 0.96% 0.89% 1.27% 1.66%
EPS 2 2.684 -0.5538 5.134 3.95 -2.063 0.5649
Distribution rate 8.57% -45.1% 8.77% 11.6% -29.1% 138%
Net sales 1 19.66 -2.984 67.39 72.55 -43.51 22.43
EBITDA - - - - - -
EBIT 1 17.82 -5.668 64.18 68.2 -49.1 17.06
Net income 1 17.81 -5.479 63.67 68.22 -51.39 13.74
Net Debt 1 -9.435 -33.64 -37.24 -50.61 -13.77 -11.64
Reference price 2 41.50 42.00 46.90 51.40 47.30 46.95
Nbr of stocks (in thousands) 7,837 11,471 13,777 20,892 26,259 22,039
Announcement Date 7/9/19 5/26/20 6/4/21 4/21/22 5/24/23 5/24/24
1GBP in Million2GBP
Estimates

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
-19.12x-18.82x - +7.95%3.59B
Average -19.12x -18.82x - +7.95% 3.59B
Weighted average by Cap. -19.12x -18.82x - +7.95%
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Year-on-year evolution of the PER

evolution-chart CAPITAL-GEARING-TRUST-P-L

Historical PBR trend

evolution-chart CAPITAL-GEARING-TRUST-P-L

Evolution Enterprise Value / Sales

evolution-chart CAPITAL-GEARING-TRUST-P-L

Change in Enterprise Value/EBITDA

evolution-chart CAPITAL-GEARING-TRUST-P-L
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