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GABI

GCP Asset Backed Income FundLSE:GABI Stock Report

Last Price

UK£0.99

Market Cap

UK£431.0m

7D

2.1%

1Y

8.3%

Updated

17 Jan, 2022

Data

Company Financials
GABI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

GABI Stock Overview

Project Finance Investments Limited is an investment firm based in Jersey, Channel Islands.

Price History & Performance

Summary of all time highs, changes and price drops for GCP Asset Backed Income Fund
Historical stock prices
Current Share PriceUK£0.99
52 Week HighUK£1.06
52 Week LowUK£0.90
Beta0.74
1 Month Change2.70%
3 Month Change1.54%
1 Year Change8.32%
3 Year Change-5.94%
5 Year Change-6.60%
Change since IPO-2.94%

Recent News & Updates

Shareholder Returns

GABIGB Capital MarketsGB Market
7D2.1%-0.7%-0.5%
1Y8.3%-1.9%8.7%

Return vs Industry: GABI exceeded the UK Capital Markets industry which returned -1.9% over the past year.

Return vs Market: GABI matched the UK Market which returned 8.7% over the past year.

Price Volatility

Is GABI's price volatile compared to industry and market?
GABI volatility
GABI Average Weekly Movement2.4%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

Stable Share Price: GABI is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GABI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/an/ahttps://www.gcpuk.com/gcp-asset-backed-income-fund-ltd

Project Finance Investments Limited is an investment firm based in Jersey, Channel Islands.

GCP Asset Backed Income Fund Fundamentals Summary

How do GCP Asset Backed Income Fund's earnings and revenue compare to its market cap?
GABI fundamental statistics
Market CapUK£431.04m
Earnings (TTM)UK£36.62m
Revenue (TTM)UK£43.40m

11.9x

P/E Ratio

10.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GABI income statement (TTM)
RevenueUK£43.40m
Cost of RevenueUK£1.79m
Gross ProfitUK£41.61m
ExpensesUK£4.98m
EarningsUK£36.62m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.083
Gross Margin95.87%
Net Profit Margin84.39%
Debt/Equity Ratio7.8%

How did GABI perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

75%

Payout Ratio

Valuation

Is GCP Asset Backed Income Fund undervalued compared to its fair value and its price relative to the market?

11.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GABI (£0.99) is trading above our estimate of fair value (£0.79)

Significantly Below Fair Value: GABI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GABI is poor value based on its PE Ratio (11.9x) compared to the UK Capital Markets industry average (11x).

PE vs Market: GABI is good value based on its PE Ratio (11.9x) compared to the UK market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GABI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GABI is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is GCP Asset Backed Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.8%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GCP Asset Backed Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has GCP Asset Backed Income Fund performed over the past 5 years?

26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GABI has high quality earnings.

Growing Profit Margin: GABI's current net profit margins (84.4%) are higher than last year (77.7%).


Past Earnings Growth Analysis

Earnings Trend: GABI's earnings have grown significantly by 26.7% per year over the past 5 years.

Accelerating Growth: GABI's earnings growth over the past year (68.1%) exceeds its 5-year average (26.7% per year).

Earnings vs Industry: GABI earnings growth over the past year (68.1%) exceeded the Capital Markets industry 66.7%.


Return on Equity

High ROE: GABI's Return on Equity (8.1%) is considered low.

Financial Health

How is GCP Asset Backed Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: GABI's short term assets (£488.4M) exceed its short term liabilities (£36.6M).

Long Term Liabilities: GABI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GABI has more cash than its total debt.

Reducing Debt: Insufficient data to determine if GABI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GABI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GABI's interest payments on its debt are well covered by EBIT (72.3x coverage).


Balance Sheet

Dividend

What is GCP Asset Backed Income Fund current dividend yield, its reliability and sustainability?

6.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GABI's dividend (6.62%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: GABI's dividend (6.62%) is in the top 25% of dividend payers in the UK market (4.05%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GABI has been paying a dividend for less than 10 years.

Growing Dividend: GABI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.5%), GABI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

GCP Asset Backed Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: GABI's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GCP Asset Backed Income Fund Limited's employee growth, exchange listings and data sources


Key Information

  • Name: GCP Asset Backed Income Fund Limited
  • Ticker: GABI
  • Exchange: LSE
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£431.037m
  • Shares outstanding: 439.83m
  • Website: https://www.gcpuk.com/gcp-asset-backed-income-fund-ltd

Location

  • GCP Asset Backed Income Fund Limited
  • 53/54 Grosvenor Street
  • London
  • W1K3HU
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 18:51
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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 here.