How does GHE's PE Ratio compare to its peers?

GHE is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the peer average (22.8x).

How does GHE's PE Ratio compare vs other companies in the GB Capital Markets Industry?

GHE is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the UK Capital Markets industry average (15.6x).

What is GHE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GHE is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

What is the Fair Price of GHE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GHE (£11) is trading above our estimate of [[fair value]] (£2.66)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Gresham House (AIM:GHE) - Stock Price, News & Analysis

GHE Stock Overview

Gresham House plc is a publicly owned investment manager. More details

GHE fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Earnings are forecast to grow 16.38% per year

Earnings grew by 58.4% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Gresham House Plc Competitors

Pollen Street Group

LSE:POLN

UK£427.0m

Foresight Group Holdings

LSE:FSG

UK£513.1m

Impax Asset Management Group

AIM:IPX

UK£433.8m

Tatton Asset Management

AIM:TAM

UK£425.0m

Price History & Performance

Summary of all time highs, changes and price drops for Gresham House
Historical stock prices
Current Share Price	UK£11.00
52 Week High	UK£11.20
52 Week Low	UK£6.52
Beta	0.61
11 Month Change	1.38%
3 Month Change	3.04%
1 Year Change	49.86%
33 Year Change	48.15%
5 Year Change	138.61%
Change since IPO	209.86%

Recent updates

Increases to CEO Compensation Might Be Put On Hold For Now at Gresham House plc (LON:GHE)

May 06

If You Had Bought Gresham House (LON:GHE) Shares Five Years Ago You'd Have Earned 117% Returns

Dec 17

Gresham House plc (LON:GHE): When Will It Breakeven?

Nov 26

Shareholder Returns

	GHE	GB Capital Markets	GB Market
7D	-0.2%	-0.9%	-0.3%
1Y	49.9%	24.7%	6.1%

Return vs Industry: GHE exceeded the UK Capital Markets industry which returned 11.5% over the past year.

Return vs Market: GHE exceeded the UK Market which returned -0.2% over the past year.

Price Volatility

Is GHE's price volatile compared to industry and market?
GHE volatility
GHE Average Weekly Movement	1.0%
Capital Markets Industry Average Movement	3.5%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: GHE has not had significant price volatility in the past 3 months.

Volatility Over Time: GHE's weekly volatility has decreased from 8% to 1% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	216	Tony Dalwood	greshamhouse.com

Gresham House plc is a publicly owned investment manager. It provides its services to individual investors, financial advisers, institutional investors, charities and endowments, family offices, and business owners. The firm invests in the public equity of European markets and United Kingdom.

Gresham House Plc Fundamentals Summary

How do Gresham House's earnings and revenue compare to its market cap?
GHE fundamental statistics
Market cap	UK£444.60m
Earnings (TTM)	UK£14.13m
Revenue (TTM)	UK£86.03m

31.5x

P/E Ratio

5.2x

P/S Ratio

Is GHE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GHE income statement (TTM)
Revenue	UK£86.03m
Cost of Revenue	UK£0
Gross Profit	UK£86.03m
Other Expenses	UK£71.90m
Earnings	UK£14.13m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	100.00%
Net Profit Margin	16.43%
Debt/Equity Ratio	0%

How did GHE perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

43%

Payout Ratio

GHE Stock Overview

Rewards

Risk Analysis

Gresham House Plc Competitors

LSE:POLN

UK£427.0m

LSE:FSG

UK£513.1m

AIM:IPX

UK£433.8m

AIM:TAM

UK£425.0m

Price History & Performance

Recent News & Updates

Searchlight Capital Partners, L.P. completed the acquisition of Gresham House Plc (AIM:GHE) from abrdn plc (LSE:ABDN), Saffie Investments Limited, TB Amati UK Smaller Companies Fund, Richard and Venetia Crosbie-Dawson and others.

Gresham House's Shares Expected to Be Cancelled from Admission to Trading on AIM on 20 December 2023

First half 2023 earnings released: EPS: UK£0.14 (vs UK£0.051 in 1H 2022)

CEO & Executive Director exercised options to buy UK£403k worth of stock.

New major risk - Share price stability

Searchlight Capital Partners, L.P. entered into an agreement to acquire Gresham House Plc (AIM:GHE) from abrdn plc (LSE:ABDN), Saffie Investments Limited, Richard and Venetia Crosbie-Dawson and others for approximately £423 million.

Recent updates

Searchlight Capital Partners, L.P. completed the acquisition of Gresham House Plc (AIM:GHE) from abrdn plc (LSE:ABDN), Saffie Investments Limited, TB Amati UK Smaller Companies Fund, Richard and Venetia Crosbie-Dawson and others.

Gresham House's Shares Expected to Be Cancelled from Admission to Trading on AIM on 20 December 2023

First half 2023 earnings released: EPS: UK£0.14 (vs UK£0.051 in 1H 2022)

CEO & Executive Director exercised options to buy UK£403k worth of stock.

New major risk - Share price stability

Searchlight Capital Partners, L.P. entered into an agreement to acquire Gresham House Plc (AIM:GHE) from abrdn plc (LSE:ABDN), Saffie Investments Limited, Richard and Venetia Crosbie-Dawson and others for approximately £423 million.

Investor sentiment improves as stock rises 58%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Gresham House plc Launches New Fund to Enable Irish and International Investors to Fund Greater Forest Cover Across Ireland

Insufficient new directors

Insufficient new directors

Consensus forecasts updated

First half 2022 earnings released: EPS: UK£0.05 (vs UK£0.16 in 1H 2021)

Gresham House plc to Report First Half, 2022 Results on Sep 15, 2022

Upcoming dividend of UK£0.10 per share

Chief Legal Officer & Company Secretary exercised options and sold UK£80k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase to UK£0.32

Equinor ASA (OB:EQNR) signed an agreement to acquire 45% stake in Noriker Power Ltd from Gresham House Energy Storage Fund Plc, Gresham House plc (AIM:GHE) and others.

Chairman of Audit Committee Richard Chadwick has left the company

Independent Non-Executive Director recently bought UK£100k worth of stock

First half 2021 earnings released: EPS UK£0.16 (vs UK£0.077 loss in 1H 2020)

Price target increased to UK£10.58

Price target increased to UK£9.46

Increases to CEO Compensation Might Be Put On Hold For Now at Gresham House plc (LON:GHE)

Upcoming dividend of UK£0.06 per share

Gresham House plc Proposes to Pay Final Dividend in Respect of the Year Ended 31 December 2020, Will Be Paid on 21 May 2021

Full year 2020 earnings released: EPS UK£0.019 (vs UK£0.034 loss in FY 2019)

Revenue and earnings beat expectations

Gresham House plc Proposes Final Dividend for the Year Ended 31 December 2020

Price target raised to UK£9.11

Do Institutions Own Gresham House plc (LON:GHE) Shares?

New 90-day high: UK£8.40

CEO & Executive Director recently sold UK£309k worth of stock

Have Gresham House plc (LON:GHE) Insiders Been Selling Their Stock?

New 90-day high: UK£8.28

Gresham House plc to Report Fiscal Year 2020 Results on Mar 11, 2021

How Much Are Gresham House plc (LON:GHE) Insiders Taking Off The Table?

New 90-day high: UK£8.10

Gresham House plc (AIM:GHE) has agreed to acquire Appian Asset Management from Patrick Lawless, Greg Lawless and Kevin Menton for €10 million.

If You Had Bought Gresham House (LON:GHE) Shares Five Years Ago You'd Have Earned 117% Returns

Gresham House plc (LON:GHE): When Will It Breakeven?

New 90-day high: UK£7.83

Gresham House Energy Storage Fund plc (LSE:GRID), managed by Gresham House Asset Management Limited agreed to acquire 41MW Bloxwich Battery Storage Project from Arenko Cleantech Limited for total enterprise value of £32.5 million.

CEO & Executive Director recently sold UK£527k worth of stock

Price target raised to UK£8.20

First half earnings released

New 90-day high: UK£7.18