TCAP Stock Overview
TP ICAP Group PLC provides intermediary services, contextual insights and intelligence, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
TP ICAP Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£1.21|
|52 Week High||UK£2.10|
|52 Week Low||UK£1.05|
|1 Month Change||-6.27%|
|3 Month Change||-18.35%|
|1 Year Change||-40.69%|
|3 Year Change||-59.77%|
|5 Year Change||-74.38%|
|Change since IPO||-73.05%|
Recent News & Updates
|TCAP||GB Capital Markets||GB Market|
Return vs Industry: TCAP underperformed the UK Capital Markets industry which returned -17.2% over the past year.
Return vs Market: TCAP underperformed the UK Market which returned -8.6% over the past year.
|TCAP Average Weekly Movement||4.6%|
|Capital Markets Industry Average Movement||4.4%|
|Market Average Movement||5.5%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: TCAP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TCAP's weekly volatility (5%) has been stable over the past year.
About the Company
|n/a||5,343||Nicolas Noel Breteau||https://www.tpicap.com|
TP ICAP Group PLC provides intermediary services, contextual insights and intelligence, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates in Global Broking, Energy & Commodities, Agency Execution, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange and money markets, emerging markets, equities, and credit products; and offers broking, facilitating price discovery, liquidity, execution, and risk management services to participants in the wholesale financial markets.
TP ICAP Group Fundamentals Summary
|TCAP fundamental statistics|
Is TCAP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TCAP income statement (TTM)|
|Cost of Revenue||UK£0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 10, 2022
|Earnings per share (EPS)||0.0064|
|Net Profit Margin||0.28%|
How did TCAP perform over the long term?See historical performance and comparison
7.9%Current Dividend Yield
Is TCAP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TCAP?
Other financial metrics that can be useful for relative valuation.
|What is TCAP's n/a Ratio?|
Price to Book Ratio vs Peers
How does TCAP's PB Ratio compare to its peers?
|TCAP PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
AJB AJ Bell
CMCX CMC Markets
FRP FRP Advisory Group
AFX Alpha FX Group
TCAP TP ICAP Group
Price-To-Book vs Peers: TCAP is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (7.2x).
Price to Earnings Ratio vs Industry
How does TCAP's PE Ratio compare vs other companies in the GB Capital Markets Industry?
Price-To-Book vs Industry: TCAP is good value based on its Price-To-Book Ratio (0.5x) compared to the UK Capital Markets industry average (1.1x)
Price to Book Ratio vs Fair Ratio
What is TCAP's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.5x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate TCAP's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TCAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TCAP (£1.21) is trading below our estimate of fair value (£2.67)
Significantly Below Fair Value: TCAP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: TCAP is poor value based on its PEG Ratio (3x)
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How is TP ICAP Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCAP's forecast earnings growth (62.2% per year) is above the savings rate (0.9%).
Earnings vs Market: TCAP's earnings (62.2% per year) are forecast to grow faster than the UK market (11% per year).
High Growth Earnings: TCAP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TCAP's revenue (5.7% per year) is forecast to grow faster than the UK market (4.1% per year).
High Growth Revenue: TCAP's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCAP's Return on Equity is forecast to be low in 3 years time (11.1%).
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How has TP ICAP Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCAP has a large one-off loss of £68.0M impacting its December 31 2021 financial results.
Growing Profit Margin: TCAP's current net profit margins (0.3%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: TCAP's earnings have declined by 5.8% per year over the past 5 years.
Accelerating Growth: TCAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TCAP had negative earnings growth (-94.8%) over the past year, making it difficult to compare to the Capital Markets industry average (51.3%).
Return on Equity
High ROE: TCAP's Return on Equity (0.4%) is considered low.
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How is TP ICAP Group's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TCAP's short term assets (£3.0B) exceed its short term liabilities (£2.2B).
Long Term Liabilities: TCAP's short term assets (£3.0B) exceed its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: TCAP has more cash than its total debt.
Reducing Debt: TCAP's debt to equity ratio has increased from 58.7% to 119.4% over the past 5 years.
Debt Coverage: TCAP's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: Insufficient data to determine if TCAP's interest payments on its debt are well covered by EBIT.
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What is TP ICAP Group current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TCAP's dividend (7.85%) is higher than the bottom 25% of dividend payers in the UK market (1.88%).
High Dividend: TCAP's dividend (7.85%) is in the top 25% of dividend payers in the UK market (5.18%)
Stability and Growth of Payments
Stable Dividend: TCAP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TCAP has only been paying a dividend for 5 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (1442.7%), TCAP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (139.8%), TCAP's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nicolas Noel Breteau (53 yo)
Mr. Nicolas Noel Andre Breteau served as Director at ICAP WCLK Ltd. since December 9, 2019 until November 15, 2021. He was an Executive Director of Tp Icap Markets Limited (Formerly Known as ICAP Securitie...
CEO Compensation Analysis
Compensation vs Market: Nicolas Noel's total compensation ($USD2.11M) is above average for companies of similar size in the UK market ($USD1.36M).
Compensation vs Earnings: Nicolas Noel's compensation has been consistent with company performance over the past year.
Experienced Management: TCAP's management team is considered experienced (3.9 years average tenure).
Experienced Board: TCAP's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TP ICAP Group PLC's employee growth, exchange listings and data sources
- Name: TP ICAP Group PLC
- Ticker: TCAP
- Exchange: LSE
- Founded: NaN
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: UK£931.934m
- Shares outstanding: 779.86m
- Website: https://www.tpicap.com
Number of Employees
- TP ICAP Group PLC
- 22 Grenville Street
- Saint Helier
- JE4 8PX
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.