RIT CAPITAL PARTNERS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,950 GBX | +1.56% |
|
+7.50% | +3.61% |
| Apr. 09 | Investec Upgrades RIT Capital Partners to Hold from Sell, Cuts PT | MT |
| Apr. 09 | Barclays raises Halma to 'overweight' | AN |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,948 | 3,301 | 3,224 | 4,298 | 3,299 | 2,739 |
| Enterprise Value (EV) 1 | 3,168 | 3,457 | 3,302 | 4,385 | 3,455 | 2,819 |
| P/E ratio | 109 x | 9.58 x | 6.43 x | 5.04 x | -5.72 x | 43 x |
| Yield | 1.73% | 1.61% | 1.69% | 1.28% | 1.74% | 2.02% |
| Capitalization / Revenue | 54.9 x | 8.1 x | 5.96 x | 4.68 x | -6.24 x | 19.2 x |
| EV / Revenue | 59 x | 8.48 x | 6.1 x | 4.77 x | -6.53 x | 19.8 x |
| EV / EBITDA | 123 x | 9.15 x | 6.63 x | 5.07 x | -6.04 x | 28.2 x |
| EV / FCF | -63.7 x | 14.3 x | 8.52 x | 8.51 x | -7.45 x | 14.5 x |
| FCF Yield | -1.57% | 7% | 11.7% | 11.8% | -13.4% | 6.88% |
| Price to Book | 1.04 x | 1.05 x | 0.9 x | 0.98 x | 0.88 x | 0.77 x |
| Nbr of stocks (in thousands) | 154,357 | 156,089 | 156,132 | 156,300 | 155,258 | 145,555 |
| Reference price 2 | 19.10 | 21.15 | 20.65 | 27.50 | 21.25 | 18.82 |
| Announcement Date | 3/5/19 | 3/3/20 | 3/2/21 | 3/1/22 | 2/28/23 | 3/5/24 |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 53.7 | 407.5 | 541.2 | 918.3 | -528.8 | 142.4 |
| EBITDA 1 | 25.7 | 377.9 | 498.2 | 864.3 | -572 | 100 |
| EBIT 1 | 25.1 | 377.5 | 497.8 | 863.9 | -572.4 | 99.7 |
| Operating Margin | 46.74% | 92.64% | 91.98% | 94.08% | 108.25% | 70.01% |
| Earnings before Tax (EBT) 1 | 28.4 | 342.9 | 503 | 861.9 | -577.2 | 66.1 |
| Net income 1 | 27.1 | 342.3 | 503.9 | 859.2 | -577.2 | 66.1 |
| Net margin | 50.47% | 84% | 93.11% | 93.56% | 109.15% | 46.42% |
| EPS 2 | 0.1750 | 2.208 | 3.210 | 5.455 | -3.713 | 0.4380 |
| Free Cash Flow 1 | -49.7 | 242.1 | 387.6 | 515.4 | -463.5 | 194 |
| FCF margin | -92.55% | 59.41% | 71.61% | 56.13% | 87.65% | 136.24% |
| FCF Conversion (EBITDA) | - | 64.06% | 77.79% | 59.63% | - | 194.01% |
| FCF Conversion (Net income) | - | 70.72% | 76.91% | 59.99% | - | 293.51% |
| Dividend per Share 2 | 0.3300 | 0.3400 | 0.3500 | 0.3525 | 0.3700 | 0.3800 |
| Announcement Date | 3/5/19 | 3/3/20 | 3/2/21 | 3/1/22 | 2/28/23 | 3/5/24 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 220 | 156 | 77.5 | 86.6 | 156 | 79.4 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.549 x | 0.4123 x | 0.1556 x | 0.1002 x | -0.2724 x | 0.794 x |
| Free Cash Flow 1 | -49.7 | 242 | 388 | 515 | -463 | 194 |
| ROE (net income / shareholders' equity) | 0.95% | 11.5% | 15% | 21.5% | -14.2% | 1.81% |
| ROA (Net income/ Total Assets) | 0.47% | 6.94% | 8.32% | 12% | -7.81% | 1.54% |
| Assets 1 | 5,815 | 4,932 | 6,056 | 7,184 | 7,387 | 4,282 |
| Book Value Per Share 2 | 18.30 | 20.10 | 23.00 | 28.20 | 24.10 | 24.50 |
| Cash Flow per Share 2 | 1.360 | 0.3900 | 1.900 | 2.090 | 1.410 | 1.400 |
| Capex 1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 |
| Capex / Sales | 0.37% | 0.05% | 0.04% | 0.01% | -0.02% | 0.21% |
| Announcement Date | 3/5/19 | 3/3/20 | 3/2/21 | 3/1/22 | 2/28/23 | 3/5/24 |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
19.5
Average target price
-
| 1st Jan change | Capi. | |
|---|---|---|
| +3.61% | 3.51B | |
| +3.27% | 14.32B | |
| +3.12% | 6.21B | |
| +12.72% | 4.4B | |
| +10.97% | 4.36B | |
| -7.52% | 4B | |
| +8.55% | 3.22B | |
| +7.91% | 3.06B | |
| -1.91% | 2.77B | |
| +10.59% | 2.74B |
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