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CAPC

Capital & Counties PropertiesLSE:CAPC Stock Report

Last Price

UK£1.76

Market Cap

UK£1.5b

7D

0.9%

1Y

33.1%

Updated

22 Jan, 2022

Data

Company Financials +
CAPC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CAPC Stock Overview

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

Rewards

Earnings are forecast to grow 79.99% per year

Risk Analysis

No risks detected for CAPC from our risk checks.

Capital & Counties Properties Competitors

Shaftesbury

LSE:SHB

UK£2.4b

Hammerson

LSE:HMSO

UK£1.6b

NewRiver REIT

LSE:NRR

UK£288.6m

Capital & Regional

LSE:CAL

UK£106.2m

Price History & Performance

Summary of all time highs, changes and price drops for Capital & Counties Properties
Historical stock prices
Current Share PriceUK£1.76
52 Week HighUK£1.88
52 Week LowUK£1.27
Beta1.24
1 Month Change7.12%
3 Month Change7.32%
1 Year Change33.13%
3 Year Change-26.64%
5 Year Change-36.00%
Change since IPO43.09%

Recent News & Updates

Mar 11
Analysts Have Made A Financial Statement On Capital & Counties Properties PLC's (LON:CAPC) Full-Year Report

Analysts Have Made A Financial Statement On Capital & Counties Properties PLC's (LON:CAPC) Full-Year Report

Last week, you might have seen that Capital & Counties Properties PLC ( LON:CAPC ) released its full-year result to the...

Shareholder Returns

CAPCGB REITsGB Market
7D0.9%-0.4%-1.3%
1Y33.1%22.2%7.8%

Return vs Industry: CAPC exceeded the UK REITs industry which returned 22.2% over the past year.

Return vs Market: CAPC exceeded the UK Market which returned 7.8% over the past year.

Price Volatility

Is CAPC's price volatile compared to industry and market?
CAPC volatility
CAPC Average Weekly Movement3.7%
REITs Industry Average Movement2.7%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: CAPC is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CAPC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201066Frics Hawksworthhttps://www.capitalandcounties.com

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 incorporated in 2010 and is headquartered in London, the United Kingdom.

Capital & Counties Properties Fundamentals Summary

How do Capital & Counties Properties's earnings and revenue compare to its market cap?
CAPC fundamental statistics
Market CapUK£1.50b
Earnings (TTM)-UK£367.30m
Revenue (TTM)UK£69.70m

21.5x

P/S Ratio

-4.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAPC income statement (TTM)
RevenueUK£69.70m
Cost of RevenueUK£49.50m
Gross ProfitUK£20.20m
ExpensesUK£387.50m
Earnings-UK£367.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.43
Gross Margin28.98%
Net Profit Margin-526.97%
Debt/Equity Ratio56.6%

How did CAPC perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

0.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CAPC (£1.76) is trading above our estimate of fair value (£0.85)

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


Price To Earnings Ratio

PE vs Industry: CAPC is unprofitable, so we can't compare its PE Ratio to the UK 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's PB Ratio (0.9x) is in line with the GB REITs industry average.


Future Growth

How is Capital & Counties Properties forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

80.0%

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 (0.9%).

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 (4.2% per year) is forecast to grow slower than the UK market (4.8% per year).

High Growth Revenue: CAPC's revenue (4.2% 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 (0.8%).


Past Performance

How has Capital & Counties Properties performed over the past 5 years?

-62.1%

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 62.1% 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 (150.1%).


Return on Equity

High ROE: CAPC has a negative Return on Equity (-22.17%), as it is currently unprofitable.


Financial Health

How is Capital & Counties Properties's financial position?


Financial Position Analysis

Short Term Liabilities: CAPC's short term assets (£323.5M) exceed its short term liabilities (£40.8M).

Long Term Liabilities: CAPC's short term assets (£323.5M) do not cover its long term liabilities (£966.3M).


Debt to Equity History and Analysis

Debt Level: CAPC's net debt to equity ratio (40.7%) is considered high.

Reducing Debt: CAPC's debt to equity ratio has increased from 22.2% to 56.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CAPC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CAPC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Capital & Counties Properties's current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAPC's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: CAPC's dividend (0.57%) is low compared to the top 25% of dividend payers in the UK market (4.09%).


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?

5.0yrs

Average management tenure


CEO

Frics Hawksworth (56 yo)

12yrs

Tenure

UK£813,000

Compensation

Mr. Ian David Hawksworth also known as Frics serves as the Chief Executive Officer of Capital & Counties Properties PLC since 2010. Mr. Hawksworth serves as Managing Director at Capital & Counties Limited....


CEO Compensation Analysis

Compensation vs Market: Frics's total compensation ($USD1.10M) is below average for companies of similar size in the UK market ($USD1.58M).

Compensation vs Earnings: Frics's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CAPC's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: CAPC's board of directors are considered experienced (5.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Capital & Counties Properties PLC's 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
  • Implied Market Cap: UK£1.498b
  • Shares outstanding: 851.27m
  • Website: https://www.capitalandcounties.com

Number of Employees


Location

  • Capital & Counties Properties PLC
  • Regal House
  • 14 James Street
  • London
  • Greater London
  • WC2E 8BU
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 18:53
End of Day Share Price2022/01/21 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.