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ICP

Intermediate Capital GroupLSE:ICP Stock Report

Market Cap

UK£6.0b

7D

-2.9%

1Y

31.5%

Updated

01 Dec, 2021

Data

Company Financials +
ICP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health1/6
Dividends4/6

ICP Stock Overview

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments.

Intermediate Capital Group Competitors

3i Group

LSE:III

UK£13.4b

Schroders

LSE:SDR

UK£8.8b

abrdn

LSE:ABDN

UK£4.9b

Man Group

LSE:EMG

UK£2.9b

Price History & Performance

Summary of all time highs, changes and price drops for Intermediate Capital Group
Historical stock prices
Current Share PriceUK£21.85
52 Week HighUK£24.93
52 Week LowUK£15.78
Beta1.89
1 Month Change-0.95%
3 Month Change-4.71%
1 Year Change31.55%
3 Year Change117.85%
5 Year Change223.46%
Change since IPO620.67%

Recent News & Updates

Nov 18
Intermediate Capital Group's (LON:ICP) Upcoming Dividend Will Be Larger Than Last Year's

Intermediate Capital Group's (LON:ICP) Upcoming Dividend Will Be Larger Than Last Year's

Intermediate Capital Group plc ( LON:ICP ) will increase its dividend on the 10th of January to UK£0.19, which is 10.0...

Aug 27
Here's Why I Think Intermediate Capital Group (LON:ICP) Might Deserve Your Attention Today

Here's Why I Think Intermediate Capital Group (LON:ICP) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

ICPGB Capital MarketsGB Market
7D-2.9%-3.4%-2.6%
1Y31.5%2.3%10.9%

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

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

Price Volatility

Is ICP's price volatile compared to industry and market?
ICP volatility
ICP Average Weekly Movement4.5%
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: ICP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ICP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989456Benoit Laurent Durtestehttps://www.icgam.com

Intermediate Capital Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private 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 investments, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing.

Intermediate Capital Group Fundamentals Summary

How do Intermediate Capital Group's earnings and revenue compare to its market cap?
ICP fundamental statistics
Market CapUK£5.98b
Earnings (TTM)UK£507.10m
Revenue (TTM)UK£904.60m

12.3x

P/E Ratio

6.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICP income statement (TTM)
RevenueUK£904.60m
Cost of RevenueUK£0
Gross ProfitUK£904.60m
ExpensesUK£397.50m
EarningsUK£507.10m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)1.77
Gross Margin100.00%
Net Profit Margin56.06%
Debt/Equity Ratio81.9%

How did ICP perform over the long term?

See historical performance and comparison

Valuation

Is Intermediate Capital Group undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICP (£20.9) is trading below our estimate of fair value (£26.28)

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


Price To Earnings Ratio

PE vs Industry: ICP is good value based on its PE Ratio (11.8x) compared to the UK Capital Markets industry average (12.4x).

PE vs Market: ICP is good value based on its PE Ratio (11.8x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: ICP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ICP is overvalued based on its PB Ratio (3.4x) compared to the GB Capital Markets industry average (1.7x).


Future Growth

How is Intermediate Capital Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICP's earnings are forecast to decline over the next 3 years (-2.5% per year).

Earnings vs Market: ICP's earnings are forecast to decline over the next 3 years (-2.5% per year).

High Growth Earnings: ICP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ICP's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: ICP's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICP's Return on Equity is forecast to be low in 3 years time (18.6%).


Past Performance

How has Intermediate Capital Group performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ICP's current net profit margins (56.1%) are higher than last year (38.1%).


Past Earnings Growth Analysis

Earnings Trend: ICP's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: ICP's earnings growth over the past year (227.4%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: ICP earnings growth over the past year (227.4%) exceeded the Capital Markets industry 57.4%.


Return on Equity

High ROE: ICP's Return on Equity (28.8%) is considered high.


Financial Health

How is Intermediate Capital Group's financial position?


Financial Position Analysis

Short Term Liabilities: ICP's short term assets (£1.4B) exceed its short term liabilities (£965.4M).

Long Term Liabilities: ICP's short term assets (£1.4B) do not cover its long term liabilities (£5.7B).


Debt to Equity History and Analysis

Debt Level: ICP's net debt to equity ratio (40.8%) is considered high.

Reducing Debt: ICP's debt to equity ratio has increased from 16.7% to 81.9% over the past 5 years.

Debt Coverage: ICP's debt is not well covered by operating cash flow (0.7%).

Interest Coverage: Insufficient data to determine if ICP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Intermediate Capital Group current dividend yield, its reliability and sustainability?

2.56%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 01 2021Ex Dividend DateDec 09 2021Dividend Pay DateJan 10 202232 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ICP's dividend (2.68%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: ICP's dividend (2.68%) is low compared to the top 25% of dividend payers in the UK market (4.17%).


Stability and Growth of Payments

Stable Dividend: ICP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ICP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.6%), ICP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ICP's dividends in 3 years are forecast to be covered by earnings (61.1% payout ratio).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Benoit Laurent Durteste (53 yo)

4.33yrs

Tenure

UK£7,530,400

Compensation

Mr. Benoit Laurent Pierre Durteste has been the Chief Executive Officer of Intermediate Capital Group plc since July 25, 2017 and serves as its Chief Investment Officer since July 25, 2017. Mr. Durteste is...


CEO Compensation Analysis

Compensation vs Market: Benoit Laurent's total compensation ($USD9.97M) is above average for companies of similar size in the UK market ($USD2.16M).

Compensation vs Earnings: Benoit Laurent's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ICP's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: ICP's board of directors are considered experienced (3.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Intermediate Capital Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Intermediate Capital Group plc
  • Ticker: ICP
  • Exchange: LSE
  • Founded: 1989
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£5.975b
  • Shares outstanding: 285.90m
  • Website: https://www.icgam.com

Number of Employees


Location

  • Intermediate Capital Group plc
  • Procession House
  • 55 Ludgate Hill
  • London
  • Greater London
  • EC4M 7JW
  • 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 18:58
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.