TCAP Stock Overview

Provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. More details

TCAP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	5/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 9.3% below our estimate of its fair value

Earnings are forecast to grow 9.27% per year

Earnings grew by 125.7% over the past year

Risk Analysis

Unstable dividend track record

Community vs My Fair Value

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TP ICAP Group PLC Competitors

Plus500

LSE:PLUS

UK£2.0b

AJ Bell

LSE:AJB

UK£1.7b

IG Group Holdings

LSE:IGG

UK£3.4b

CMC Markets

LSE:CMCX

UK£594.4m

Price History & Performance

Summary of share price highs, lows and changes for TP ICAP Group
Historical stock prices
Current Share Price	UK£2.72
52 Week High	UK£2.78
52 Week Low	UK£1.92
Beta	0.62
1 Month Change	4.62%
3 Month Change	4.42%
1 Year Change	19.92%
3 Year Change	82.83%
5 Year Change	-14.52%
Change since IPO	-39.53%

Earnings Update: TP ICAP Group PLC (LON:TCAP) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Mar 14

Getting In Cheap On TP ICAP Group PLC (LON:TCAP) Might Be Difficult

Nov 19

Recent updates

Earnings Update: TP ICAP Group PLC (LON:TCAP) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Mar 14

Increases to CEO Compensation Might Be Put On Hold For Now at TP ICAP Group PLC (LON:TCAP)

May 09

TP ICAP Group PLC's (LON:TCAP) P/E Is Still On The Mark Following 26% Share Price Bounce

Mar 23

TP ICAP Group (LON:TCAP) Has Announced That It Will Be Increasing Its Dividend To £0.10

Mar 15

Investors Continue Waiting On Sidelines For TP ICAP Group PLC (LON:TCAP)

Dec 19

TP ICAP Group's (LON:TCAP) Dividend Will Be Increased To £0.079

Apr 05

TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.079

Mar 17

TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.045

Aug 31

TP ICAP Group's (LON:TCAP) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 13

TP ICAP Group (LON:TCAP) Will Pay A Smaller Dividend Than Last Year

Sep 12

It's Unlikely That TP ICAP Group PLC's (LON:TCAP) CEO Will See A Huge Pay Rise This Year

May 05

Investors Still Aren't Entirely Convinced About TP ICAP Group PLC's (LON:TCAP) Earnings Despite 28% Price Jump

Mar 10

Shareholder Returns

	TCAP	GB Capital Markets	GB Market
7D	2.6%	0.4%	-0.4%
1Y	19.9%	18.8%	6.5%

Return vs Industry: TCAP exceeded the UK Capital Markets industry which returned 18.6% over the past year.

Return vs Market: TCAP exceeded the UK Market which returned 6.5% over the past year.

Price Volatility

Is TCAP's price volatile compared to industry and market?
TCAP volatility
TCAP Average Weekly Movement	2.7%
Capital Markets Industry Average Movement	4.3%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	9.9%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: TCAP has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: TCAP's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	5,270	Nicolas Noel Breteau	www.tpicap.com

TP ICAP Group PLC provides intermediary services, contextual insights, 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 through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services.

TP ICAP Group PLC Fundamentals Summary

How do TP ICAP Group's earnings and revenue compare to its market cap?
TCAP fundamental statistics
Market cap	UK£2.03b
Earnings (TTM)	UK£167.00m
Revenue (TTM)	UK£2.19b

12.2x

P/E Ratio

0.9x

P/S Ratio

Is TCAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TCAP income statement (TTM)
Revenue	UK£2.19b
Cost of Revenue	UK£0
Gross Profit	UK£2.19b
Other Expenses	UK£2.02b
Earnings	UK£167.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Aug 06, 2025

Earnings per share (EPS)	0.22
Gross Margin	100.00%
Net Profit Margin	7.63%
Debt/Equity Ratio	154.5%

How did TCAP perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

73%

Payout Ratio

Does TCAP pay a reliable dividends?

See TCAP dividend history and benchmarks

When do you need to buy TCAP by to receive an upcoming dividend?
TP ICAP Group dividend dates
Ex Dividend Date	Apr 10 2025
Dividend Pay Date	May 23 2025
Days until Ex dividend	15 days
Days until Dividend pay date	58 days

Does TCAP pay a reliable dividends?

See TCAP dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/24 06:37
End of Day Share Price	2025/03/24 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TP ICAP Group PLC is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Sanderson	Barclays
Michalis Onisiforou	Barclays
null null	Canaccord Genuity

TCAP Stock Overview

Rewards

Risk Analysis

TP ICAP Group PLC Competitors

LSE:PLUS

UK£2.0b

LSE:AJB

UK£1.7b

LSE:IGG

UK£3.4b

LSE:CMCX

UK£594.4m

Price History & Performance

Recent News & Updates

Earnings Update: TP ICAP Group PLC (LON:TCAP) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Final dividend of UK£0.11 announced

Full year 2024 earnings: EPS exceeds analyst expectations

TP ICAP Group PLC Announces Directorate and Committee Changes

Getting In Cheap On TP ICAP Group PLC (LON:TCAP) Might Be Difficult

Group CEO & Executive Director recently sold UK£246k worth of stock

Recent updates

Earnings Update: TP ICAP Group PLC (LON:TCAP) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Final dividend of UK£0.11 announced

Full year 2024 earnings: EPS exceeds analyst expectations

TP ICAP Group PLC Announces Directorate and Committee Changes

Getting In Cheap On TP ICAP Group PLC (LON:TCAP) Might Be Difficult

Group CEO & Executive Director recently sold UK£246k worth of stock

Upcoming dividend of UK£0.048 per share

TP ICAP Group (LON:TCAP) Is Due To Pay A Dividend Of £0.048

TP ICAP Group's (LON:TCAP) Dividend Will Be £0.048

TP ICAP Group PLC to Report First Half, 2025 Results on Aug 05, 2025

First half dividend of UK£0.048 announced

First half 2024 earnings released: EPS: UK£0.12 (vs UK£0.084 in 1H 2023)

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 21% undervalued

TP ICAP Group PLC (LSE:TCAP) commences an Equity Buyback Plan for 77,174,574 shares, representing 9.79% of its issued share capital, under the authorization approved on May 15, 2024.

TP ICAP Group PLC Approves Final Dividend for the Year Ended 31 December 2023

Increases to CEO Compensation Might Be Put On Hold For Now at TP ICAP Group PLC (LON:TCAP)

TP ICAP Group PLC to Report Fiscal Year 2024 Results on Mar 11, 2025

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Group CEO & Executive Director exercised options and sold UK£504k worth of stock

Upcoming dividend of UK£0.10 per share

Price target increased by 7.5% to UK£2.56

TP ICAP Group PLC's (LON:TCAP) P/E Is Still On The Mark Following 26% Share Price Bounce

TP ICAP Group PLC (LSE:TCAP) agreed to acquire Aotearoa Energy Limited.

TP ICAP Group (LON:TCAP) Has Announced That It Will Be Increasing Its Dividend To £0.10

TP ICAP Group PLC Recommends Final Dividend for 2023, Payable 24 May 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Investors Continue Waiting On Sidelines For TP ICAP Group PLC (LON:TCAP)

Now 20% undervalued

Upcoming dividend of UK£0.048 per share at 7.6% yield

TP ICAP Group PLC to Report Q2, 2024 Results on Aug 07, 2024

TP ICAP Group PLC (LSE:TCAP) commences an Equity Buyback Plan for 78,867,093 shares, representing 10% of its issued share capital, under the authorization approved on May 17, 2023.

First half 2023 earnings released: EPS: UK£0.084 (vs UK£0.082 in 1H 2022)

TP ICAP Group PLC Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 3 November 2023

TP ICAP Group PLC Announces Directorate Changes

Louise Murray to Stand Down as Independent Non-Executive Director of TP ICAP Group plc, Effective 30 June 2023

TP ICAP Group PLC Declares Final Dividend for the Year Ended 31 December 2022

Group CEO & Executive Director exercised options and sold UK£94k worth of stock

Upcoming dividend of UK£0.079 per share at 6.9% yield

Group CEO & Executive Director recently sold UK£210k worth of stock

TP ICAP Group's (LON:TCAP) Dividend Will Be Increased To £0.079

High number of new directors

TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.079

Full year 2022 earnings: EPS and revenues exceed analyst expectations

TP ICAP Group PLC Announces Board Changes, with Effect from 1 March 2023

Less than half of directors are independent

Investor sentiment improved over the past week

Upcoming dividend of UK£0.045 per share

TP ICAP Group (LON:TCAP) Will Pay A Larger Dividend Than Last Year At £0.045

TP ICAP Group PLC to Report Fiscal Year 2022 Results on Mar 14, 2023

Consensus EPS estimates increase by 19%

Consensus EPS estimates increase by 13%

TP ICAP Group's (LON:TCAP) Shareholders Will Receive A Bigger Dividend Than Last Year

First half 2022 earnings released: EPS: UK£0.082 (vs UK£0.001 in 1H 2021)

TP ICAP Group PLC Announces Interim Dividend, Payable on 4 November 2022

Price target decreased to UK£2.10

TP ICAP Appoints Daniel Fields as CEO of Its Global Broking Division