Capital & Counties Properties
Market Cap
UK£1.4b
Last Updated
2020/05/30 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Capital & Counties Properties PLC, a property company, engages in investment, development, and management of properties.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Capital & Counties Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CAPC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.6%
CAPC
7.3%
GB REITs
2.0%
GB Market
1 Year Return
-24.9%
CAPC
-14.9%
GB REITs
-12.8%
GB Market
Return vs Industry: CAPC underperformed the UK REITs industry which returned -15.6% over the past year.
Return vs Market: CAPC underperformed the UK Market which returned -12.4% over the past year.
Shareholder returns
| CAPC | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.6% | 7.3% | 2.0% |
| 30 Day | -1.7% | 1.1% | 5.7% |
| 90 Day | -17.4% | -17.6% | -8.2% |
| 1 Year | -24.2%-24.9% | -11.9%-14.9% | -8.6%-12.8% |
| 3 Year | -45.0%-46.1% | -10.7%-17.2% | -6.2%-17.6% |
| 5 Year | -58.0%-59.2% | -2.8%-20.7% | 12.7%-12.5% |
Price Volatility Vs. Market
How volatile is Capital & Counties Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Some Capital & Counties Properties (LON:CAPC) Shareholders Have Copped A Big 63% Share Price Drop3 months ago | Simply Wall St
Capital & Counties Properties PLC (LON:CAPC): When Will It Breakeven?4 months ago | Simply Wall St
Capital & Counties Properties (LON:CAPC) Use Of Debt Could Be Considered RiskyValuation
Is Capital & Counties Properties undervalued compared to its fair value and its price relative to the market?
37.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CAPC (£1.64) is trading below our estimate of fair value (£2.62)
Significantly Below Fair Value: CAPC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CAPC is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CAPC is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CAPC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAPC is good value based on its PB Ratio (0.6x) compared to the GB REITs industry average (0.7x).
Next Steps
Future Growth
How is Capital & Counties Properties forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
68.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAPC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: CAPC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CAPC's is expected to become profitable in the next 3 years.
Revenue vs Market: CAPC's revenue (0.9% per year) is forecast to grow slower than the UK market (3.7% per year).
High Growth Revenue: CAPC's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CAPC's Return on Equity is forecast to be low in 3 years time (1.1%).
Next Steps
Past Performance
How has Capital & Counties Properties performed over the past 5 years?
-73.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAPC is currently unprofitable.
Growing Profit Margin: CAPC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CAPC is unprofitable, and losses have increased over the past 5 years at a rate of -73% per year.
Accelerating Growth: Unable to compare CAPC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAPC is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-22.4%).
Return on Equity
High ROE: CAPC has a negative Return on Equity (-2.51%), as it is currently unprofitable.
Next Steps
Financial Health
How is Capital & Counties Properties's financial position?
Financial Position Analysis
Short Term Liabilities: CAPC's short term assets (£292.5M) exceed its short term liabilities (£63.0M).
Long Term Liabilities: CAPC's short term assets (£292.5M) do not cover its long term liabilities (£558.9M).
Debt to Equity History and Analysis
Debt Level: CAPC's debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: CAPC's debt to equity ratio has increased from 17.9% to 22.2% over the past 5 years.
Debt Coverage: CAPC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CAPC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Capital & Counties Properties's current dividend yield, its reliability and sustainability?
0.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CAPC's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.04%).
High Dividend: CAPC's dividend (0.92%) is low compared to the top 25% of dividend payers in the UK market (5.67%).
Stability and Growth of Payments
Stable Dividend: CAPC is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: CAPC is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CAPC is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CAPC's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Ian Hawksworth (54yo)
10.33yrs
Tenure
UK£1,566,000
Compensation
Mr. Ian David Hawksworth serves as the Chief Executive Officer of Capital & Counties Properties PLC since 2010. Mr. Hawksworth serves as Managing Director at Capital & Counties Limited. He served as Managi ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD1.93M) is about average for companies of similar size in the UK market ($USD1.82M).
Compensation vs Earnings: Ian's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.33yrs | UK£1.57m | 0.096% £1.3m | |
| CFO & Executive Director | 3.33yrs | UK£1.01m | 0.0073% £102.3k | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel & Director of Corporate Services | 7.17yrs | no data | no data | |
| Director of Communications & Marketing | no data | no data | no data | |
| Group Managing Director of Earls Court & Olympia | no data | no data | no data | |
| Executive Director | 0.17yr | no data | 0.0024% £32.7k | |
| Managing Director of Earls Court | no data | no data | no data | |
| Company Secretary | no data | no data | no data | |
| Director of Project Management | no data | no data | no data |
5.3yrs
Average Tenure
Experienced Management: CAPC's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.33yrs | UK£1.57m | 0.096% £1.3m | |
| CFO & Executive Director | 3.33yrs | UK£1.01m | 0.0073% £102.3k | |
| Executive Director | 0.17yr | no data | 0.0024% £32.7k | |
| Independent Chairman | 1.92yrs | UK£286.00k | 0.029% £408.8k | |
| Independent Non-Executive Director | 1.17yrs | UK£55.00k | 0.0048% £66.9k | |
| Senior Independent Non-Executive Director | no data | UK£106.00k | no data | |
| Alternate Director | 10.17yrs | no data | no data | |
| Independent Non-Executive Director | 2.58yrs | UK£83.00k | 0.0012% £16.4k |
2.6yrs
Average Tenure
53yo
Average Age
Experienced Board: CAPC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CAPC 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
Capital & Counties Properties PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Capital & Counties Properties PLC
- Ticker: CAPC
- Exchange: LSE
- Founded: 2010
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: UK£1.391b
- Shares outstanding: 850.92m
- Website: https://www.capitalandcounties.com
Number of Employees
Location
- Capital & Counties Properties PLC
- 15 Grosvenor Street
- London
- Greater London
- W1K 4QZ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CAPC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 2010 |
| CCO | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | May 2010 |
| CAPCL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 2010 |
| C20 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2010 |
| CCPP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2010 |
Biography
Capital & Counties Properties PLC, a property company, engages in investment, development, and management of properties. Its principal properties include Covent Garden, a retail and dining destination in central London. The company was founded in 2010 and is headquartered in London, the United Kingdom.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 23:33 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.