LSE:CAPC

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Capital & Counties Properties

Executive Summary

Capital & Counties Properties PLC, a property company, engages in investment, development, and management of properties.


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

CAPCIndustryMarket
7 Day11.6%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

Valuation

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

NamePositionTenureCompensationOwnership
Ian Hawksworth
CEO & Executive Director10.33yrsUK£1.57m0.096% £1.3m
Situl Jobanputra
CFO & Executive Director3.33yrsUK£1.01m0.0073% £102.3k
Sarah Corbett
Head of Investor Relationsno datano datano data
Anne Byrne
General Counsel & Director of Corporate Services7.17yrsno datano data
Sarah Hagan
Director of Communications & Marketingno datano datano data
Nigel Nathan
Group Managing Director of Earls Court & Olympiano datano datano data
Michelle McGrath
Executive Director0.17yrno data0.0024% £32.7k
Mike Hood
Managing Director of Earls Courtno datano datano data
Ruth Pavey
Company Secretaryno datano datano data
Gavin Mitchell
Director of Project Managementno datano datano data

5.3yrs

Average Tenure

Experienced Management: CAPC's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ian Hawksworth
CEO & Executive Director10.33yrsUK£1.57m0.096% £1.3m
Situl Jobanputra
CFO & Executive Director3.33yrsUK£1.01m0.0073% £102.3k
Michelle McGrath
Executive Director0.17yrno data0.0024% £32.7k
Henry Staunton
Independent Chairman1.92yrsUK£286.00k0.029% £408.8k
Jonathan Lane
Independent Non-Executive Director1.17yrsUK£55.00k0.0048% £66.9k
Anthony Steains
Senior Independent Non-Executive Directorno dataUK£106.00kno data
G. Fine
Alternate Director10.17yrsno datano data
Charlotte Boyle
Independent Non-Executive Director2.58yrsUK£83.00k0.0012% £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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAPCLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 2010
CCOJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARMay 2010
CAPCLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 2010
C20DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2010
CCPP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 23:33
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.