We’ve recently updated our valuation analysis.

TP ICAP Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TCAP?

Other financial metrics that can be useful for relative valuation.

TCAP 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TCAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
AJB AJ Bell
22.4x12.5%UK£1.3b
CMCX CMC Markets
6.8x-0.1%UK£498.0m
ALPH Alpha Group International
26.9xn/aUK£979.1m
IGG IG Group Holdings
7.1x2.3%UK£2.7b
TCAP TP ICAP Group
11.5x17.9%UK£1.2b

Price-To-Earnings vs Peers: TCAP is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TCAP is good value based on its Price-To-Earnings Ratio (11.5x) compared to the UK Capital Markets industry average (14x)


Price to Earnings Ratio vs Fair Ratio

What is TCAP'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.

TCAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: TCAP is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


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 (£1.52) is trading above our estimate of fair value (£0.54)

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


Analyst Price Targets

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

The above table shows the analyst TCAP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.52
UK£2.35
+55.2%
8.8%UK£2.60UK£2.00n/a6
May ’24UK£1.70
UK£2.35
+38.2%
8.8%UK£2.60UK£2.00n/a6
Apr ’24UK£1.80
UK£2.35
+30.6%
8.8%UK£2.60UK£2.00n/a6
Mar ’24UK£1.95
UK£2.26
+15.9%
11.5%UK£2.56UK£1.80n/a6
Feb ’24UK£1.77
UK£2.26
+27.8%
11.5%UK£2.56UK£1.80n/a6
Jan ’24UK£1.75
UK£2.26
+29.6%
11.5%UK£2.56UK£1.80n/a6
Dec ’23UK£1.79
UK£2.26
+26.5%
11.5%UK£2.56UK£1.80n/a6
Nov ’23UK£1.78
UK£2.26
+27.1%
11.5%UK£2.56UK£1.80n/a6
Oct ’23UK£1.96
UK£2.19
+11.9%
11.9%UK£2.56UK£1.80n/a6
Sep ’23UK£1.49
UK£2.19
+47.2%
11.9%UK£2.56UK£1.80n/a6
Aug ’23UK£1.21
UK£2.10
+74.1%
15.2%UK£2.56UK£1.50n/a6
Jul ’23UK£1.12
UK£2.37
+111.7%
30.6%UK£4.00UK£1.50n/a7
Jun ’23UK£1.30
UK£2.37
+82.1%
30.6%UK£4.00UK£1.50UK£1.527
May ’23UK£1.32
UK£2.37
+80.1%
30.6%UK£4.00UK£1.50UK£1.707
Apr ’23UK£1.50
UK£2.37
+58.2%
30.6%UK£4.00UK£1.50UK£1.807
Mar ’23UK£1.13
UK£2.64
+134.6%
30.2%UK£4.00UK£1.45UK£1.958
Feb ’23UK£1.39
UK£2.66
+90.8%
30.0%UK£4.00UK£1.45UK£1.778
Jan ’23UK£1.53
UK£2.68
+75.3%
29.5%UK£4.00UK£1.45UK£1.758
Dec ’22UK£1.31
UK£2.68
+103.8%
29.5%UK£4.00UK£1.45UK£1.798
Nov ’22UK£1.57
UK£2.80
+78.2%
24.9%UK£4.00UK£1.70UK£1.788
Oct ’22UK£1.60
UK£2.83
+77.0%
24.5%UK£4.00UK£1.70UK£1.968
Sep ’22UK£2.03
UK£3.05
+50.3%
19.7%UK£4.00UK£2.20UK£1.497
Aug ’22UK£1.96
UK£2.96
+51.2%
18.9%UK£4.00UK£2.20UK£1.216
Jul ’22UK£1.96
UK£3.02
+54.2%
16.3%UK£4.00UK£2.50UK£1.126
Jun ’22UK£2.13
UK£3.11
+45.7%
15.1%UK£4.00UK£2.55UK£1.306

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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