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RCP

RIT Capital PartnersLSE:RCP Stock Report

Market Cap

UK£4.2b

7D

-1.7%

1Y

35.4%

Updated

30 Nov, 2021

Data

Company Financials
RCP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends2/6

RCP Stock Overview

RIT Capital Partners plc is a self-managed investment trust.

Price History & Performance

Summary of all time highs, changes and price drops for RIT Capital Partners
Historical stock prices
Current Share PriceUK£26.70
52 Week HighUK£27.87
52 Week LowUK£19.36
Beta0.40
1 Month Change1.91%
3 Month Change0%
1 Year Change35.40%
3 Year Change32.51%
5 Year Change50.76%
Change since IPO3,004.65%

Recent News & Updates

Sep 24
RIT Capital Partners' (LON:RCP) Upcoming Dividend Will Be Larger Than Last Year's

RIT Capital Partners' (LON:RCP) Upcoming Dividend Will Be Larger Than Last Year's

The board of RIT Capital Partners plc ( LON:RCP ) has announced that the dividend on 29th of October will be increased...

Aug 07
RIT Capital Partners (LON:RCP) Is Paying Out A Larger Dividend Than Last Year

RIT Capital Partners (LON:RCP) Is Paying Out A Larger Dividend Than Last Year

RIT Capital Partners plc ( LON:RCP ) will increase its dividend on the 29th of October to UK£0.18, which is 0.7% higher...

Jul 13
I Ran A Stock Scan For Earnings Growth And RIT Capital Partners (LON:RCP) Passed With Ease

I Ran A Stock Scan For Earnings Growth And RIT Capital Partners (LON:RCP) Passed With Ease

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

May 07
Should RIT Capital Partners plc (LON:RCP) Be Part Of Your Dividend Portfolio?

Should RIT Capital Partners plc (LON:RCP) Be Part Of Your Dividend Portfolio?

Is RIT Capital Partners plc ( LON:RCP ) a good dividend stock? How can we tell? Dividend paying companies with growing...

Shareholder Returns

RCPGB Capital MarketsGB Market
7D-1.7%-3.4%-2.6%
1Y35.4%2.3%10.9%

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

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

Price Volatility

Is RCP's price volatile compared to industry and market?
RCP volatility
RCP Average Weekly Movement2.1%
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: RCP is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
198854Francesco Goedhuishttps://www.ritcap.com

RIT Capital Partners plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds.

RIT Capital Partners Fundamentals Summary

How do RIT Capital Partners's earnings and revenue compare to its market cap?
RCP fundamental statistics
Market CapUK£4.17b
Earnings (TTM)UK£1.27b
Revenue (TTM)UK£1.33b

3.3x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RCP income statement (TTM)
RevenueUK£1.33b
Cost of RevenueUK£0
Gross ProfitUK£1.33b
ExpensesUK£62.40m
EarningsUK£1.27b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.10
Gross Margin100.00%
Net Profit Margin95.30%
Debt/Equity Ratio9.6%

How did RCP perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is RIT Capital Partners undervalued compared to its fair value and its price relative to the market?

3.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RCP (£26.7) is trading above our estimate of fair value (£19.08)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

How is RIT Capital Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.3%

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 RIT Capital Partners 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 RIT Capital Partners performed over the past 5 years?

29.4%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: RCP's current net profit margins (95.3%) are higher than last year (40%).


Past Earnings Growth Analysis

Earnings Trend: RCP's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: RCP's earnings growth over the past year (4488.4%) exceeds its 5-year average (29.4% per year).

Earnings vs Industry: RCP earnings growth over the past year (4488.4%) exceeded the Capital Markets industry 57.4%.


Return on Equity

High ROE: RCP's Return on Equity (29.7%) is considered high.


Financial Health

How is RIT Capital Partners's financial position?


Financial Position Analysis

Short Term Liabilities: RCP's short term assets (£379.2M) exceed its short term liabilities (£356.4M).

Long Term Liabilities: RCP's short term assets (£379.2M) exceed its long term liabilities (£192.1M).


Debt to Equity History and Analysis

Debt Level: RCP's net debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: RCP's debt to equity ratio has reduced from 17.4% to 9.6% over the past 5 years.

Debt Coverage: RCP's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: RCP's interest payments on its debt are well covered by EBIT (92.2x coverage).


Balance Sheet


Dividend

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

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RCP's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: RCP's dividend (1.32%) is low compared to the top 25% of dividend payers in the UK market (4.17%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (4.3%), RCP's dividend payments are thoroughly 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.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Francesco Goedhuis

7.83yrs

Tenure

Mr. Francesco Goedhuis serves as Chairman & Chief Executive Officer of J. Rothschild Capital Management Limited, Manager of RIT Capital Partners plc. Mr. Goedhuis joined RIT as the Principal in the Chairma...


Leadership Team

Experienced Management: RCP's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: RCP's board of directors are considered experienced (3.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: RCP 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

RIT Capital Partners plc's employee growth, exchange listings and data sources


Key Information

  • Name: RIT Capital Partners plc
  • Ticker: RCP
  • Exchange: LSE
  • Founded: 1988
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£4.173b
  • Shares outstanding: 156.30m
  • Website: https://www.ritcap.com

Number of Employees


Location

  • RIT Capital Partners plc
  • 27 St James’s Place
  • London
  • Greater London
  • SW1A 1NR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 21:37
End of Day Share Price2021/11/30 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.