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ICG plcLSE:ICG Stock Report

Market Cap UK£5.1b
Share Price
UK£18.16
UK£24.05
24.5% undervalued intrinsic discount
1Y-10.0%
7D-3.8%
1D
Portfolio Value
View

ICG plc

LSE:ICG Stock Report

Market Cap: UK£5.1b

ICG Community Fair Values

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See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

ICG plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for ICG
Historical stock prices
Current Share PriceUK£18.16
52 Week HighUK£23.40
52 Week LowUK£14.25
Beta1.41
1 Month Change-3.61%
3 Month Change14.57%
1 Year Change-10.01%
3 Year Change24.68%
5 Year Change-18.31%
Change since IPO498.97%

Recent News & Updates

Narrative Update May 23

ICG: Dividend Track Record And Lower P/E Assumptions Will Support Future Returns

Narrative update on ICG The analyst price target on ICG has been trimmed by £2.00 per share. Analysts point to updated fair value and P/E assumptions, alongside recent target cuts from firms such as Morgan Stanley and Citi, partly offset by Berenberg's higher £28.00 target, as key drivers of the change.

Recent updates

Narrative Update May 23

ICG: Dividend Track Record And Lower P/E Assumptions Will Support Future Returns

Narrative update on ICG The analyst price target on ICG has been trimmed by £2.00 per share. Analysts point to updated fair value and P/E assumptions, alongside recent target cuts from firms such as Morgan Stanley and Citi, partly offset by Berenberg's higher £28.00 target, as key drivers of the change.
Narrative Update May 02

ICG: Share Buybacks And Higher P/E Assumptions Will Support Earnings Durability

Narrative Update on ICG The updated analyst price target for ICG moves to approximately £25.09 from about £24.71. Analysts point to a slightly lower discount rate, stable revenue growth and margin assumptions, and a modestly higher future P/E multiple as the key drivers of this change.
Narrative Update Apr 17

ICG: Buybacks And Higher Margins Will Support Long Term Earnings Durability

ICG's analyst price target has been trimmed by £0.50 as analysts factor in slightly lower revenue growth assumptions, a modestly reduced future P/E and a small adjustment to fair value, partly offset by a marginally higher profit margin outlook and recent mixed Street target revisions. Analyst Commentary Bullish Takeaways Bullish analysts highlighting a price target of 2,800 GBp point to room for upside relative to current fair value assumptions, even after allowing for more conservative revenue and P/E inputs.
New Narrative Apr 03

Complex Higher Return Strategies Will Raise Execution Risks Yet Eventually Support A More Resilient Model

Catalysts About ICG ICG manages private markets strategies across credit, secondaries, structured capital and real assets for institutional and wealth clients globally. What are the underlying business or industry changes driving this perspective?
Narrative Update Mar 31

ICG: Web3 Income Profile And Buybacks Will Support Long-Term Earnings Durability

ICG's updated analyst price target reflects a modest reset in fair value to £25.21 from £26.14, even as analysts point to higher external targets up to £28.00 and continue to highlight the group's income profile and Web3 exposure as key parts of the long term thesis. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable revising fair value assumptions higher, with recent targets for ICG in the £25.50 to £28.00 range supporting the idea that the current valuation still leaves room for execution on the existing business plan.
New Narrative Mar 20

Higher Fee Strategies And Amundi Partnership Will Transform Long Term Earnings Power

Catalysts About ICG ICG is a global private markets investment manager focused on higher returning strategies across private equity secondaries, structured capital, real assets equity and private credit. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 06

ICG: Higher Analyst Confidence Will Support Long-Term Earnings Durability

ICG's analyst price targets have been revised higher, with Citi lifting its view to £25.50 from £24.70 and Morgan Stanley moving to £28.00 from £26.00, as analysts point to small adjustments in fair value, discount rate, revenue growth and future P/E assumptions. Analyst Commentary Recent research updates on ICG have pointed to higher assessed fair value ranges, with price targets now clustered between £25.50 and £28.00.
Narrative Update Dec 18

ICG: Higher Price Outlook Will Support Long-Term Earnings Durability

Analysts have nudged their price target on ICG modestly higher to £28.00 from £26.00, citing a slightly lower discount rate, a marginally stronger long term margin outlook and a still supportive, though somewhat tempered, revenue growth profile. Analyst Commentary Analysts characterise the latest price target revision as a fine tuning of an already constructive view on ICG, reflecting incremental confidence in the durability of earnings and capital deployment, rather than a wholesale change in thesis.
Narrative Update Dec 04

ICG: Rising Price Outlook Will Support Long-Term Upside Potential

Analysts have raised their price target on ICG from £26.12 to £26.28. This reflects slightly higher profit margin expectations and a modestly richer future valuation multiple that more than offset a small increase in the discount rate and marginally lower revenue growth assumptions.
Analysis Article Nov 21

ICG's (LON:ICG) Dividend Will Be £0.277

ICG plc's ( LON:ICG ) investors are due to receive a payment of £0.277 per share on 9th of January. This will take the...
Narrative Update Nov 20

ICG: Amundi Partnership And Board Expansion Will Drive Long-Term Opportunities

Analysts have raised their price target for ICG from $25.68 to $26.12, citing updated fair value estimates as well as modest shifts in expected growth and profitability. What's in the News Amundi S.A. agreed to acquire a 9.9% stake in ICG.
Analysis Article Sep 21

ICG plc's (LON:ICG) Business Is Trailing The Market But Its Shares Aren't

With a median price-to-earnings (or "P/E") ratio of close to 16x in the United Kingdom, you could be forgiven for...
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New Narrative Nov 28

ICG Navigates Diverse Strategies To Drive Revenue And Captivate Market Opportunities

Strategic diversification across flagship strategies enhances net margins and profitability, attracting more investor capital allocations.

Shareholder Returns

ICGGB Capital MarketsGB Market
7D-3.8%0.5%-0.6%
1Y-10.0%-9.3%17.3%

Return vs Industry: ICG exceeded the UK Capital Markets industry which returned -11.7% over the past year.

Return vs Market: ICG underperformed the UK Market which returned 17.2% over the past year.

Price Volatility

Is ICG's price volatile compared to industry and market?
ICG volatility
ICG Average Weekly Movement4.6%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.7%
10% most volatile stocks in GB Market11.8%
10% least volatile stocks in GB Market3.2%

Stable Share Price: ICG has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: ICG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989712Benoit Laurent Durtestewww.icgam.com

ICG plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, venture debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary (direct) and secondary (indirect) investments, traditional, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

ICG plc Fundamentals Summary

How do ICG's earnings and revenue compare to its market cap?
ICG fundamental statistics
Market capUK£5.10b
Earnings (TTM)UK£478.40m
Revenue (TTM)UK£977.50m
10.7x
P/E Ratio
5.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ICG income statement (TTM)
RevenueUK£977.50m
Cost of RevenueUK£0
Gross ProfitUK£977.50m
Other ExpensesUK£499.10m
EarningsUK£478.40m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Nov 11, 2026

Earnings per share (EPS)1.70
Gross Margin100.00%
Net Profit Margin48.94%
Debt/Equity Ratio44.6%

How did ICG perform over the long term?

See historical performance and comparison

Dividends

4.8%
Current Dividend Yield
52%
Payout Ratio

Does ICG pay a reliable dividends?

See ICG dividend history and benchmarks
When do you need to buy ICG by to receive an upcoming dividend?
ICG dividend dates
Ex Dividend DateJun 11 2026
Dividend Pay DateJul 31 2026
Days until Ex dividend6 days
Days until Dividend pay date56 days

Does ICG pay a reliable dividends?

See ICG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 05:41
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

ICG plc is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael SandersonBarclays
James AllenBerenberg
Alexander BowersBerenberg