PHLL

Petershill Partners LSE:PHLL Stock Report

Last Price

UK£2.36

Market Cap

UK£2.7b

7D

0.2%

1Y

n/a

Updated

14 Aug, 2022

Data

Company Financials +
PHLL fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends1/6

PHLL Stock Overview

Petershill Partners PLC operates as a general partner solutions investment firm.

Rewards

Trading at 68.9% below our estimate of its fair value

Earnings are forecast to grow 5.28% per year

Risk Analysis

No risks detected for PHLL from our risk checks.

Petershill Partners Competitors

Bridgepoint Group

LSE:BPT

UK£2.3b

Man Group

LSE:EMG

UK£3.2b

Caledonia Investments

LSE:CLDN

UK£2.0b

abrdn

LSE:ABDN

UK£3.7b

Price History & Performance

Summary of all time highs, changes and price drops for Petershill Partners
Historical stock prices
Current Share PriceUK£2.36
52 Week HighUK£3.59
52 Week LowUK£1.83
Beta0
1 Month Change9.54%
3 Month Change6.08%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-32.71%

Recent News & Updates

Shareholder Returns

PHLLGB Capital MarketsGB Market
7D0.2%1.5%0.4%
1Yn/a-13.5%-9.0%

Return vs Industry: Insufficient data to determine how PHLL performed against the UK Capital Markets industry.

Return vs Market: Insufficient data to determine how PHLL performed against the UK Market.

Price Volatility

Is PHLL's price volatile compared to industry and market?
PHLL volatility
PHLL Average Weekly Movement4.0%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: PHLL is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2007n/an/ahttps://www.petershillpartners.com

Petershill Partners PLC operates as a general partner solutions investment firm. It provides capital and strategic support to asset managers through minority stake acquisitions. The company was formerly known as Delta Epsilon plc and changed its name to Petershill Partners PLC in September 2, 2021.

Petershill Partners Fundamentals Summary

How do Petershill Partners's earnings and revenue compare to its market cap?
PHLL fundamental statistics
Market CapUS$3.28b
Earnings (TTM)US$330.53m
Revenue (TTM)US$495.33m

9.9x

P/E Ratio

6.6x

P/S Ratio

Is PHLL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHLL income statement (TTM)
RevenueUS$495.33m
Cost of RevenueUS$12.27m
Gross ProfitUS$483.07m
Other ExpensesUS$152.53m
EarningsUS$330.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.29
Gross Margin97.52%
Net Profit Margin66.73%
Debt/Equity Ratio17.7%

How did PHLL perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

4%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PHLL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PHLL?

Other financial metrics that can be useful for relative valuation.

PHLL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.3x
Enterprise Value/EBITDAn/a
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

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

PHLL PE Ratio vs Peers
The above table shows the PE ratio for PHLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.9x
BPT Bridgepoint Group
31.5x18.5%UK£2.3b
EMG Man Group
6.8x-12.9%UK£3.2b
CLDN Caledonia Investments
3.3xn/aUK£2.0b
ABDN abrdn
6.2x32.8%UK£3.7b
PHLL Petershill Partners
9.9x5.3%UK£2.7b

Price-To-Earnings vs Peers: PHLL is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PHLL is good value based on its Price-To-Earnings Ratio (9.9x) compared to the UK Capital Markets industry average (10.5x)

Price to Earnings Ratio vs Fair Ratio

What is PHLL'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.

PHLL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: PHLL is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

Share Price vs Fair Value

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

Below Fair Value: PHLL (£2.36) is trading below our estimate of fair value (£7.58)

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

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Petershill Partners forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

5.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHLL's forecast earnings growth (5.3% per year) is above the savings rate (0.9%).

Earnings vs Market: PHLL's earnings (5.3% per year) are forecast to grow slower than the UK market (9.9% per year).

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

Revenue vs Market: PHLL's revenue (2.7% per year) is forecast to grow slower than the UK market (4.4% per year).

High Growth Revenue: PHLL's revenue (2.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PHLL's Return on Equity is forecast to be low in 3 years time (14%).

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Past Performance

How has Petershill Partners performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

21.2%

Historical Diversified Financials annual earnings growth

Earnings and Revenue History

Quality Earnings: PHLL has high quality earnings.

Growing Profit Margin: Insufficient data to determine if PHLL's profit margins have improved over the past year.

Past Earnings Growth Analysis

Earnings Trend: Unable to establish if PHLL's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare PHLL's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if PHLL's earnings growth over the past year exceeded the Capital Markets industry average.

Return on Equity

High ROE: PHLL's Return on Equity (6.2%) is considered low.

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Financial Health

How is Petershill Partners's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PHLL's short term assets ($679.9M) exceed its short term liabilities ($111.2M).

Long Term Liabilities: PHLL's short term assets ($679.9M) do not cover its long term liabilities ($1.3B).

Debt to Equity History and Analysis

Debt Level: PHLL's net debt to equity ratio (6.8%) is considered satisfactory.

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

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

Interest Coverage: PHLL's interest payments on its debt are well covered by EBIT (75.8x coverage).

Balance Sheet

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Dividend

What is Petershill Partners's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

1.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PHLL's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.81%).

High Dividend: PHLL's dividend (1.22%) is low compared to the top 25% of dividend payers in the UK market (5.1%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether PHLL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PHLL's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.1%), PHLL's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: PHLL is paying a dividend but the company has no free cash flows.

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Management

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

1.3yrs

Average board tenure

CEO

Petershill Partners has no CEO, or we have no data on them.

Board Members

Experienced Board: PHLL's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.

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: PHLL only recently listed within the past 12 months.

Top Shareholders

Company Information

Petershill Partners PLC's employee growth, exchange listings and data sources

Key Information

  • Name: Petershill Partners PLC
  • Ticker: PHLL
  • Exchange: LSE
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£2.710b
  • Shares outstanding: 1.15b
  • Website: https://www.petershillpartners.com

Location

  • Petershill Partners PLC
  • 20 Fenchurch Street
  • 5th Floor
  • London
  • Greater London
  • EC3M 3BY
  • United Kingdom

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.