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GROW

Molten VenturesLSE:GROW Stock Report

Market Cap

UK£1.4b

7D

6.6%

1Y

48.6%

Updated

01 Dec, 2021

Data

Company Financials +
GROW fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

GROW Stock Overview

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.

Price History & Performance

Summary of all time highs, changes and price drops for Molten Ventures
Historical stock prices
Current Share PriceUK£9.66
52 Week HighUK£11.90
52 Week LowUK£5.98
Beta0.86
1 Month Change0.52%
3 Month Change-13.29%
1 Year Change48.62%
3 Year Change78.89%
5 Year Change172.11%
Change since IPO214.15%

Recent News & Updates

Nov 30
New Forecasts: Here's What Analysts Think The Future Holds For Molten Ventures Plc (LON:GROW)

New Forecasts: Here's What Analysts Think The Future Holds For Molten Ventures Plc (LON:GROW)

Molten Ventures Plc ( LON:GROW ) shareholders will have a reason to smile today, with the analysts making substantial...

Sep 15
Here's Why We Think Draper Esprit (LON:GROW) Is Well Worth Watching

Here's Why We Think Draper Esprit (LON:GROW) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

GROWGB Capital MarketsGB Market
7D6.6%-3.4%-2.6%
1Y48.6%2.3%10.9%

Return vs Industry: GROW exceeded the UK Capital Markets industry which returned 5.7% over the past year.

Return vs Market: GROW exceeded the UK Market which returned 13.8% over the past year.

Price Volatility

Is GROW's price volatile compared to industry and market?
GROW volatility
GROW Average Weekly Movement6.0%
Capital Markets Industry Average Movement3.9%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: GROW is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GROW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198437Martin Michael Davishttps://www.moltenventures.com

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies. It also seeks to buy entire funds from other tech investors. The firm primarily invests in companies from pre-revenue stage upwards.

Molten Ventures Fundamentals Summary

How do Molten Ventures's earnings and revenue compare to its market cap?
GROW fundamental statistics
Market CapUK£1.41b
Earnings (TTM)UK£431.62m
Revenue (TTM)UK£488.41m

3.4x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GROW income statement (TTM)
RevenueUK£488.41m
Cost of RevenueUK£0
Gross ProfitUK£488.41m
ExpensesUK£56.79m
EarningsUK£431.62m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.82
Gross Margin100.00%
Net Profit Margin88.37%
Debt/Equity Ratio-0.04%

How did GROW perform over the long term?

See historical performance and comparison

Valuation

Is Molten Ventures undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GROW (£9.25) is trading below our estimate of fair value (£37.43)

Significantly Below Fair Value: GROW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GROW is good value based on its PE Ratio (3.3x) compared to the UK Capital Markets industry average (12.4x).

PE vs Market: GROW is good value based on its PE Ratio (3.3x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: GROW is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: GROW is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.7x).


Future Growth

How is Molten Ventures forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GROW's forecast earnings growth (2.1% per year) is above the savings rate (0.9%).

Earnings vs Market: GROW's earnings (2.1% per year) are forecast to grow slower than the UK market (12.6% per year).

High Growth Earnings: GROW's earnings are forecast to grow, but not significantly.

Revenue vs Market: GROW's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: GROW's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GROW's Return on Equity is forecast to be low in 3 years time (18.3%).


Past Performance

How has Molten Ventures performed over the past 5 years?

48.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GROW has a high level of non-cash earnings.

Growing Profit Margin: GROW's current net profit margins (88.4%) are higher than last year (68.6%).


Past Earnings Growth Analysis

Earnings Trend: GROW's earnings have grown significantly by 48.5% per year over the past 5 years.

Accelerating Growth: GROW's earnings growth over the past year (1125.9%) exceeds its 5-year average (48.5% per year).

Earnings vs Industry: GROW earnings growth over the past year (1125.9%) exceeded the Capital Markets industry 57.4%.


Return on Equity

High ROE: GROW's Return on Equity (31.8%) is considered high.


Financial Health

How is Molten Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: GROW's short term assets (£157.3M) exceed its short term liabilities (£11.6M).

Long Term Liabilities: GROW's short term assets (£157.3M) exceed its long term liabilities (£29.7M).


Debt to Equity History and Analysis

Debt Level: GROW is debt free.

Reducing Debt: GROW had no debt 5 years ago.

Debt Coverage: GROW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GROW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Molten Ventures's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GROW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GROW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GROW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GROW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GROW's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Martin Michael Davis (58 yo)

2yrs

Tenure

UK£885,000

Compensation

Mr. Martin Michael Arthur Davis has been Chief Executive Officer and Director at Molten Ventures Plc (formerly known as Draper Esprit plc) since November 4, 2019. He has experience in financial services an...


CEO Compensation Analysis

Compensation vs Market: Martin Michael's total compensation ($USD1.17M) is about average for companies of similar size in the UK market ($USD1.53M).

Compensation vs Earnings: Martin Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GROW's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: GROW's board of directors are considered experienced (3.9 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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Molten Ventures Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Molten Ventures Plc
  • Ticker: GROW
  • Exchange: LSE
  • Founded: 1984
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£1.413b
  • Shares outstanding: 152.80m
  • Website: https://www.moltenventures.com

Number of Employees


Location

  • Molten Ventures Plc
  • 20 Garrick Street
  • London
  • Greater London
  • WC2E 9BT
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 18:56
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.