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CAPD

CapitalLSE:CAPD Stock Report

Market Cap

UK£153.0m

7D

-3.2%

1Y

30.2%

Updated

02 Dec, 2021

Data

Company Financials +
CAPD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends3/6

CAPD Stock Overview

Capital Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry.

Capital Competitors

Boart Longyear Group

ASX:BLY

AU$846.3m

Major Drilling Group International

TSX:MDI

CA$702.7m

Foraco International

TSX:FAR

CA$223.6m

Geodrill

TSX:GEO

CA$89.7m

Price History & Performance

Summary of all time highs, changes and price drops for Capital
Historical stock prices
Current Share PriceUK£0.79
52 Week HighUK£0.89
52 Week LowUK£0.56
Beta0.67
1 Month Change-1.98%
3 Month Change-2.70%
1 Year Change30.16%
3 Year Change111.73%
5 Year Change60.40%
Change since IPO20.30%

Recent News & Updates

Shareholder Returns

CAPDGB Energy ServicesGB Market
7D-3.2%-7.3%-2.2%
1Y30.2%-30.7%10.5%

Return vs Industry: CAPD exceeded the UK Energy Services industry which returned -28.7% over the past year.

Return vs Market: CAPD exceeded the UK Market which returned 11.6% over the past year.

Price Volatility

Is CAPD's price volatile compared to industry and market?
CAPD volatility
CAPD Average Weekly Movement4.9%
Energy Services Industry Average Movement8.7%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: CAPD is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CAPD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aJamie Boytonhttps://www.capdrill.com

Capital Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. It offers exploration drilling services, including air core, reverse circulation, diamond core, deep hole diamond, directional, and underground diamond drilling; mineral geochemical analysis laboratory services; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling. The company also provides blast hole drilling services that include pre-splits, down the hole, and rotary top hammer services; load and haul, rehandling, equipment hire and maintenance, and management services; and hydraulic, general maintenance and fabrication, mining supplies, asset rentals, and asset and component rebuild services.

Capital Fundamentals Summary

How do Capital's earnings and revenue compare to its market cap?
CAPD fundamental statistics
Market CapUS$203.63m
Earnings (TTM)US$29.39m
Revenue (TTM)US$168.56m

6.8x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAPD income statement (TTM)
RevenueUS$168.56m
Cost of RevenueUS$96.66m
Gross ProfitUS$71.89m
ExpensesUS$42.51m
EarningsUS$29.39m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin42.65%
Net Profit Margin17.44%
Debt/Equity Ratio32.0%

How did CAPD perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

14%

Payout Ratio

Valuation

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

43.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAPD (£0.79) is trading below our estimate of fair value (£1.4)

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


Price To Earnings Ratio

PE vs Industry: CAPD is good value based on its PE Ratio (6.8x) compared to the European Energy Services industry average (7.7x).

PE vs Market: CAPD is good value based on its PE Ratio (6.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CAPD is overvalued based on its PB Ratio (1.2x) compared to the GB Energy Services industry average (1x).


Future Growth

How is Capital forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAPD's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: CAPD's earnings are forecast to decline over the next 3 years (-2.4% per year).

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

Revenue vs Market: CAPD's revenue (7.9% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: CAPD's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAPD's Return on Equity is forecast to be low in 3 years time (13.5%).


Past Performance

How has Capital performed over the past 5 years?

61.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: CAPD's current net profit margins (17.4%) are higher than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: CAPD has become profitable over the past 5 years, growing earnings by 61.9% per year.

Accelerating Growth: CAPD's earnings growth over the past year (54.7%) is below its 5-year average (61.9% per year).

Earnings vs Industry: CAPD earnings growth over the past year (54.7%) exceeded the Energy Services industry 11.2%.


Return on Equity

High ROE: CAPD's Return on Equity (17.9%) is considered low.


Financial Health

How is Capital's financial position?


Financial Position Analysis

Short Term Liabilities: CAPD's short term assets ($137.9M) exceed its short term liabilities ($62.2M).

Long Term Liabilities: CAPD's short term assets ($137.9M) exceed its long term liabilities ($45.4M).


Debt to Equity History and Analysis

Debt Level: CAPD's net debt to equity ratio (1.1%) is considered satisfactory.

Reducing Debt: CAPD's debt to equity ratio has increased from 9.9% to 32% over the past 5 years.

Debt Coverage: CAPD's debt is well covered by operating cash flow (43.9%).

Interest Coverage: CAPD's interest payments on its debt are well covered by EBIT (14.6x coverage).


Balance Sheet


Dividend

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

2.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAPD's dividend (2.37%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: CAPD's dividend (2.37%) is low compared to the top 25% of dividend payers in the UK market (4.14%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14%), CAPD's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAPD's dividends in 3 years are forecast to be well covered by earnings (23.6% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Jamie Boyton (49 yo)

no data

Tenure

US$834,000

Compensation

Mr. Jamie Phillip Boyton serves as Executive Chairman and Chief Executive Officer at Capital Limited and serves as its Director since January 1, 2009. Mr. Boyton is Co-Owner of BPM Capital Limited. He serv...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD834.00K) is above average for companies of similar size in the UK market ($USD562.92K).

Compensation vs Earnings: Jamie's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CAPD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: CAPD's board of directors are considered experienced (3.9 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 been diluted in the past year, with total shares outstanding growing by 38.7%.


Top Shareholders

Company Information

Capital Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Capital Limited
  • Ticker: CAPD
  • Exchange: LSE
  • Founded: 2004
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: UK£152.994m
  • Shares outstanding: 190.05m
  • Website: https://www.capdrill.com

Number of Employees


Location

  • Capital Limited
  • The CORE Building
  • 9th Floor
  • Ebene
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 21:49
End of Day Share Price2021/12/02 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.