LSE:PLUS

Stock Analysis Report

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Executive Summary

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has Plus500's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

5.1%

PLUS

-0.1%

GB Diversified Financial

-1.9%

GB Market


1 Year Return

103.5%

PLUS

-9.9%

GB Diversified Financial

-16.2%

GB Market

Return vs Industry: PLUS exceeded the UK Diversified Financial industry which returned -5.1% over the past year.

Return vs Market: PLUS exceeded the UK Market which returned -14.8% over the past year.


Shareholder returns

PLUSIndustryMarket
7 Day5.1%-0.1%-1.9%
30 Day5.3%11.7%0.7%
90 Day31.4%7.4%-4.8%
1 Year121.1%103.5%-0.3%-9.9%-13.0%-16.2%
3 Year135.0%67.3%-2.5%-10.9%-9.4%-20.6%
5 Year757.6%362.6%244.9%179.1%13.5%-12.0%

Price Volatility Vs. Market

How volatile is Plus500's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Plus500 undervalued compared to its fair value and its price relative to the market?

48.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PLUS (£15.65) is trading below our estimate of fair value (£30.98)

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


Price To Earnings Ratio

PE vs Industry: PLUS is good value based on its PE Ratio (5.4x) compared to the GB Diversified Financial industry average (9.5x).

PE vs Market: PLUS is good value based on its PE Ratio (5.4x) compared to the UK market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PLUS is overvalued based on its PB Ratio (4.2x) compared to the GB Diversified Financial industry average (1.1x).


Next Steps

Future Growth

How is Plus500 forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-40.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLUS's earnings are forecast to decline over the next 3 years (-40.4% per year).

Earnings vs Market: PLUS's earnings are forecast to decline over the next 3 years (-40.4% per year).

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

Revenue vs Market: PLUS's revenue is expected to decline over the next 3 years (-29.5% per year).

High Growth Revenue: PLUS's revenue is forecast to decline over the next 3 years (-29.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLUS's Return on Equity is forecast to be high in 3 years time (32%)


Next Steps

Past Performance

How has Plus500 performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLUS has high quality earnings.

Growing Profit Margin: PLUS's current net profit margins (54.5%) are higher than last year (41.5%).


Past Earnings Growth Analysis

Earnings Trend: PLUS's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: PLUS's earnings growth over the past year (148.9%) exceeds its 5-year average (24.1% per year).

Earnings vs Industry: PLUS earnings growth over the past year (148.9%) exceeded the Diversified Financial industry -26.5%.


Return on Equity

High ROE: PLUS's Return on Equity (80.1%) is considered outstanding.


Next Steps

Financial Health

How is Plus500's financial position?


Financial Position Analysis

Short Term Liabilities: PLUS's short term assets ($602.6M) exceed its short term liabilities ($84.4M).

Long Term Liabilities: PLUS's short term assets ($602.6M) exceed its long term liabilities ($5.6M).


Debt to Equity History and Analysis

Debt Level: PLUS is debt free.

Reducing Debt: PLUS has not had any debt for past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

What is Plus500 current dividend yield, its reliability and sustainability?

3.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLUS's dividend (3.16%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: PLUS's dividend (3.16%) is low compared to the top 25% of dividend payers in the UK market (5.32%).


Stability and Growth of Payments

Stable Dividend: PLUS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PLUS's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), PLUS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PLUS's dividends in 3 years are forecast to be well covered by earnings (33.9% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

David Zruia (37 yo)

0.50

Tenure

Mr. David Zruia serves as Director at Plus500UK Ltd. since September 17, 2020. He serves as Group Chief Executive Officer of Plus500 Ltd. since July 07, 2020. He served as Interim Chief Executive Officer a ...


Leadership Team

NamePositionTenureCompensationOwnership
Elad Even-Chen
Group CFO4.33yrsUS$1.98m0.044%
$ 749.3k
Gal Haber
MD & Executive Director7.33yrsUS$403.00k1.72%
$ 29.1m
David Zruia
CEO & Director0.50yrno datano data
Ari Shotland
Chief Technology Officer2.17yrsno datano data
Rob Gurner
Head of Investor Relationsno datano datano data
Dana Comber
Legal & Company Secretaryno datano datano data
Elad Ben-Izhak
Vice President of Marketingno dataUS$2.50mno data
Inbal Marom
Vice President of Finance4.58yrsUS$426.12kno data
Omer Elazari
Vice President Research and Development of Serverno dataUS$377.55kno data
Alon Gonen
Senior Strategy Advisor4.58yrsUS$377.55k5.19%
$ 87.5m

4.5yrs

Average Tenure

40.5yo

Average Age

Experienced Management: PLUS's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Elad Even-Chen
Group CFO4.33yrsUS$1.98m0.044%
$ 749.3k
Gal Haber
MD & Executive Director7.33yrsUS$403.00k1.72%
$ 29.1m
David Zruia
CEO & Director0.50yrno datano data
Michael Fairbairn
Senior Independent Non-Executive Director7.25yrsUS$152.00k0.053%
$ 885.2k
Daniel King
Independent Non-Executive Director7.33yrsUS$83.00k0.026%
$ 437.3k
Steven Baldwin
Independent Non-Executive Director3.33yrsUS$83.00kno data
Penelope Judd
Independent Non-Executive Chairman3.33yrsUS$192.00k0.025%
$ 413.5k
Anne Grim
Independent Non-Executive Director0.083yrno datano data

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: PLUS's board of directors are considered experienced (3.8 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

Plus500 Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Plus500 Ltd.
  • Ticker: PLUS
  • Exchange: LSE
  • Founded: 2008
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: UK£1.686b
  • Shares outstanding: 104.71m
  • Website: https://www.plus500.com

Number of Employees


Location

  • Plus500 Ltd.
  • Building 22
  • Matam
  • Haifa
  • 31905
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLUSLSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 2013
PLSQ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2013
P55DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2013
PLUSLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJul 2013

Biography

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). The company’s online trading platform allows its customers to trade CFDs on ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 21:31
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.