TP ICAP Group (TCAP) Stock Overview
Provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
TCAP Community Fair Values
Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
TP ICAP Group PLC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£3.07 |
| 52 Week High | UK£3.26 |
| 52 Week Low | UK£2.36 |
| Beta | 0.36 |
| 1 Month Change | -3.04% |
| 3 Month Change | 19.30% |
| 1 Year Change | 16.80% |
| 3 Year Change | 100.52% |
| 5 Year Change | 48.69% |
| Change since IPO | -31.71% |
Recent News & Updates
Narrative Update • May 17
TCAP: Dividend Progress And Revised Assumptions Will Likely Support Fair Pricing
Analysts have adjusted their TP ICAP Group price target slightly, to £3.03 from £3.10, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. What's in the News Shareholders approved a final dividend of 11.6 pence per ordinary share for the year ended 31 December 2025 at the annual general meeting held on 13 May 2026 (Key Developments).Narrative Update • Apr 22
TCAP: Stable Assumptions And Future P/E Expectations Will Likely Sustain Fair Pricing
Analysts have nudged their price target on TP ICAP Group slightly higher to £14.56, from £13.87. The revision reflects updated views on the stock's future P/E multiple, while key assumptions on fair value, discount rate, revenue growth and profit margin remain broadly unchanged.Narrative Update • Apr 06
TCAP: Stable Assumptions And Earnings Power Will Likely Sustain Fair Pricing
Analysts have kept their fair value and key assumptions broadly steady for TP ICAP Group, leaving the implied price target effectively unchanged around £3.10, as they see current earnings power and valuation multiples as already well aligned. Valuation Changes Fair Value: Held steady at £3.10 per share, with no change to the central valuation estimate.Recent updates
Narrative Update • May 17
TCAP: Dividend Progress And Revised Assumptions Will Likely Support Fair Pricing
Analysts have adjusted their TP ICAP Group price target slightly, to £3.03 from £3.10, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. What's in the News Shareholders approved a final dividend of 11.6 pence per ordinary share for the year ended 31 December 2025 at the annual general meeting held on 13 May 2026 (Key Developments).Narrative Update • Apr 22
TCAP: Stable Assumptions And Future P/E Expectations Will Likely Sustain Fair Pricing
Analysts have nudged their price target on TP ICAP Group slightly higher to £14.56, from £13.87. The revision reflects updated views on the stock's future P/E multiple, while key assumptions on fair value, discount rate, revenue growth and profit margin remain broadly unchanged.Narrative Update • Apr 06
TCAP: Stable Assumptions And Earnings Power Will Likely Sustain Fair Pricing
Analysts have kept their fair value and key assumptions broadly steady for TP ICAP Group, leaving the implied price target effectively unchanged around £3.10, as they see current earnings power and valuation multiples as already well aligned. Valuation Changes Fair Value: Held steady at £3.10 per share, with no change to the central valuation estimate.Narrative Update • Mar 23
TCAP: Stronger Margins And Lower Future P/E Will Support Upside Potential
Analysts have trimmed their fair value estimate for TP ICAP Group slightly to £3.10, reflecting updated assumptions around modestly higher revenue growth, a stronger profit margin profile, and a lower future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from £3.12 to £3.10 per share.Narrative Update • Mar 08
TCAP: Steady Assumptions And Future P/E Will Support Upside Potential
Analysts have kept their £ price target for TP ICAP Group broadly unchanged, pointing to steady assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of their view. Valuation Changes Fair Value: £3.12 per share is unchanged.Narrative Update • Feb 22
TCAP: Stable Assumptions And Higher Future P/E Will Support Upside Potential
Analysts have adjusted their price target on TP ICAP Group, reflecting updated assumptions around discount rates, revenue growth, profit margins and a revised future P/E of 15.45x. Together, these factors point to a refreshed view of what they see as fair value in £ terms for the shares.Narrative Update • Feb 08
TCAP: Stable Assumptions And Slightly Higher Future P/E Will Support Upside Potential
Analysts have modestly adjusted their price target on TP ICAP Group, highlighting unchanged fair value assumptions along with small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs as they refine their view on the shares. Valuation Changes Fair Value: Fair value per share is unchanged at 3.12 in the model, indicating no adjustment to the central valuation estimate.Narrative Update • Jan 24
TCAP: Stable Assumptions And Higher Future P/E Will Support Upside Potential
Analysts have nudged their price target on TP ICAP Group slightly higher to £3.12, reflecting updated assumptions around revenue, a small adjustment to profit margins and a marginally higher future P/E multiple. Valuation Changes Fair Value: The central fair value estimate remains unchanged at £3.12 per share, indicating no revision to the overall valuation anchor.Narrative Update • Jan 08
TCAP: Stable Assumptions Will Support Attractive Upside Potential
Narrative Update Analysts have kept their price target for TP ICAP Group broadly unchanged at £3.12, reflecting stable assumptions on discount rate, revenue growth, profit margin and future P/E that together support a steady view of the shares' underlying value. Valuation Changes Fair Value: Fair value per share remains unchanged at £3.12, indicating no adjustment to the core valuation output.Analysis Article • Dec 19
TP ICAP Group PLC's (LON:TCAP) Business And Shares Still Trailing The Market
TP ICAP Group PLC's ( LON:TCAP ) price-to-earnings (or "P/E") ratio of 10.9x might make it look like a buy right now...Narrative Update • Dec 14
TCAP: Higher Discount Rate Should Still Support Attractive Upside Potential
Analysts have nudged their price target on TP ICAP Group slightly lower, trimming fair value from approximately £3.28 to £3.12. They have incorporated a modestly higher discount rate and slightly softer long term revenue growth assumptions, partly offset by improved profit margin expectations and a lower future P/E multiple.Analysis Article • Aug 09
TP ICAP Group (LON:TCAP) Is Due To Pay A Dividend Of £0.052
TP ICAP Group PLC's ( LON:TCAP ) investors are due to receive a payment of £0.052 per share on 7th of November. This...Analysis Article • Jul 29
Improved Earnings Required Before TP ICAP Group PLC (LON:TCAP) Shares Find Their Feet
TP ICAP Group PLC's ( LON:TCAP ) price-to-earnings (or "P/E") ratio of 13.6x might make it look like a buy right now...New Narrative • Jun 15
Fusion Platform Rollout And AWS Partnership Will Unlock Value
Strategic technology partnerships and digital platform expansion are set to boost efficiency, scalability, and long-term profitability.Analysis Article • May 07
Increases to CEO Compensation Might Be Put On Hold For Now at TP ICAP Group PLC (LON:TCAP)
Key Insights TP ICAP Group to hold its Annual General Meeting on 14th of May CEO Nicolas Noel Breteau's total...Analysis Article • Mar 14
Earnings Update: TP ICAP Group PLC (LON:TCAP) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
TP ICAP Group PLC ( LON:TCAP ) shareholders are probably feeling a little disappointed, since its shares fell 2.3% to...Analysis Article • Nov 19
Getting In Cheap On TP ICAP Group PLC (LON:TCAP) Might Be Difficult
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 16x, you may...Analysis Article • Aug 30
TP ICAP Group (LON:TCAP) Is Due To Pay A Dividend Of £0.048
TP ICAP Group PLC ( LON:TCAP ) has announced that it will pay a dividend of £0.048 per share on the 8th of November...Analysis Article • Aug 16
TP ICAP Group's (LON:TCAP) Dividend Will Be £0.048
TP ICAP Group PLC's ( LON:TCAP ) investors are due to receive a payment of £0.048 per share on 8th of November. This...Analysis Article • May 09
Increases to CEO Compensation Might Be Put On Hold For Now at TP ICAP Group PLC (LON:TCAP)
Key Insights TP ICAP Group's Annual General Meeting to take place on 15th of May Total pay for CEO Nicolas Noel Breteau...Analysis Article • Mar 23
TP ICAP Group PLC's (LON:TCAP) P/E Is Still On The Mark Following 26% Share Price Bounce
TP ICAP Group PLC ( LON:TCAP ) shareholders would be excited to see that the share price has had a great month, posting...Analysis Article • Mar 15
TP ICAP Group (LON:TCAP) Has Announced That It Will Be Increasing Its Dividend To £0.10
TP ICAP Group PLC ( LON:TCAP ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Dec 19
Investors Continue Waiting On Sidelines For TP ICAP Group PLC (LON:TCAP)
It's not a stretch to say that TP ICAP Group PLC's ( LON:TCAP ) price-to-earnings (or "P/E") ratio of 13.6x right now...Analysis Article • Apr 05
TP ICAP Group's (LON:TCAP) Dividend Will Be Increased To £0.079
The board of TP ICAP Group PLC ( LON:TCAP ) has announced that it will be paying its dividend of £0.079 on the 23rd of...Analysis Article • Mar 17
TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.079
TP ICAP Group PLC ( LON:TCAP ) will increase its dividend on the 23rd of May to £0.079, which is 44% higher than last...Analysis Article • Aug 31
TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.045
The board of TP ICAP Group PLC ( LON:TCAP ) has announced that the dividend on 4th of November will be increased to...Shareholder Returns
| TCAP | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | -2.3% | -1.9% | -0.9% |
| 1Y | 16.8% | -9.2% | 18.0% |
Return vs Industry: TCAP exceeded the UK Capital Markets industry which returned -9.2% over the past year.
Return vs Market: TCAP underperformed the UK Market which returned 18% over the past year.
Price Volatility
| TCAP volatility | |
|---|---|
| TCAP Average Weekly Movement | 4.2% |
| Capital Markets Industry Average Movement | 4.4% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in GB Market | 12.0% |
| 10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: TCAP has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: TCAP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 5,549 | Nicolas Noel Breteau | tpicap.com/tpicap/ |
TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.
TP ICAP Group PLC Fundamentals Summary
| TCAP fundamental statistics | |
|---|---|
| Market cap | UK£2.24b |
| Earnings (TTM) | UK£186.00m |
| Revenue (TTM) | UK£2.29b |
12.0x
P/E Ratio1.0x
P/S RatioIs TCAP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TCAP income statement (TTM) | |
|---|---|
| Revenue | UK£2.29b |
| Cost of Revenue | UK£0 |
| Gross Profit | UK£2.29b |
| Other Expenses | UK£2.10b |
| Earnings | UK£186.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | 0.25 |
| Gross Margin | 100.00% |
| Net Profit Margin | 8.14% |
| Debt/Equity Ratio | 225.9% |
How did TCAP perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield67%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 00:05 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TP ICAP Group PLC is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michalis Onisiforou | Barclays |
| Michael Sanderson | Barclays |
| Hal Potter | BofA Global Research |