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GCP Student Living

LSE:DIGS
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DIGS
LSE
£681M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

GCP Student was the first real estate investment trust in the UK to focus on student residential assets. The last earnings update was 88 days ago. More info.


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DIGS Share Price and Events
7 Day Returns
0.7%
LSE:DIGS
-0.1%
GB REITs
0.4%
GB Market
1 Year Returns
12.3%
LSE:DIGS
-9%
GB REITs
-3.7%
GB Market
DIGS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GCP Student Living (DIGS) 0.7% 2.2% 5.9% 12.3% 23.5% 52.8%
GB REITs -0.1% -2.8% -3.7% -9% -3.9% 7.1%
GB Market 0.4% 0.3% 1.6% -3.7% 19% 3.4%
1 Year Return vs Industry and Market
  • DIGS outperformed the REITs industry which returned -9% over the past year.
  • DIGS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.7% over the past year.
Price Volatility
DIGS
Industry
5yr Volatility vs Market

DIGS Value

 Is GCP Student Living undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GCP Student Living to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GCP Student Living.

LSE:DIGS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:DIGS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.493 (1 + (1- 19%) (34.03%))
0.751
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 6.65%)
6.55%

Discounted Cash Flow Calculation for LSE:DIGS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GCP Student Living is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:DIGS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.55%)
2019 -3.30 Analyst x1 -3.10
2020 -0.40 Analyst x1 -0.35
2021 2.80 Analyst x1 2.31
2022 1.37 Est @ -50.91% 1.07
2023 0.89 Est @ -35.27% 0.65
2024 0.67 Est @ -24.32% 0.46
2025 0.56 Est @ -16.65% 0.36
2026 0.50 Est @ -11.29% 0.30
2027 0.46 Est @ -7.54% 0.26
2028 0.44 Est @ -4.91% 0.23
Present value of next 10 years cash flows £2.19
LSE:DIGS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.44 × (1 + 1.23%) ÷ (6.55% – 1.23%)
£8.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £8.33 ÷ (1 + 6.55%)10
£4.42
LSE:DIGS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £2.19 + £4.42
£6.61
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £6.61 / 413.65
£0.02
LSE:DIGS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.02
Current discount Discount to share price of £1.65
= -1 x (£1.65 - £0.02) / £0.02
-10199.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GCP Student Living is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GCP Student Living's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GCP Student Living's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:DIGS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.18
LSE:DIGS Share Price ** LSE (2019-06-14) in GBP £1.65
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 43 Publicly-Listed REITs Companies 12.74x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GCP Student Living.

LSE:DIGS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:DIGS Share Price ÷ EPS (both in GBP)

= 1.65 ÷ 0.18

9.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GCP Student Living is good value based on earnings compared to the GB REITs industry average.
  • GCP Student Living is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does GCP Student Living's expected growth come at a high price?
Raw Data
LSE:DIGS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-6.7%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 23 Publicly-Listed REITs Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:DIGS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.08x ÷ -6.7%

-1.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GCP Student Living earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GCP Student Living's assets?
Raw Data
LSE:DIGS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.58
LSE:DIGS Share Price * LSE (2019-06-14) in GBP £1.65
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.48x
LSE:DIGS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:DIGS Share Price ÷ Book Value per Share (both in GBP)

= 1.65 ÷ 1.58

1.04x

* Primary Listing of GCP Student Living.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GCP Student Living is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess GCP Student Living's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. GCP Student Living has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DIGS Future Performance

 How is GCP Student Living expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GCP Student Living expected to grow at an attractive rate?
  • GCP Student Living's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • GCP Student Living's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • GCP Student Living's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:DIGS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:DIGS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -6.7%
LSE:DIGS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 15.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:DIGS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:DIGS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 51 43 60 2
2020-06-30 43 38 56 2
2019-06-30 35 30 63 2
LSE:DIGS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 39 23 71
2018-09-30 38 22 66
2018-06-30 36 22 61
2018-03-31 34 20 56
2017-12-31 33 17 51
2017-09-30 31 16 37
2017-06-30 29 14 23
2017-03-31 28 12 23
2016-12-31 27 9 22
2016-09-30 24 7 25
2016-06-30 22 4 28
2016-03-31 19 4 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GCP Student Living's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • GCP Student Living's revenue is expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:DIGS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from GCP Student Living Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:DIGS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.15 0.15 0.15 1.00
2020-06-30 0.14 0.14 0.14 1.00
2019-06-30 0.16 0.16 0.16 1.00
LSE:DIGS Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.18
2018-09-30 0.17
2018-06-30 0.16
2018-03-31 0.15
2017-12-31 0.15
2017-09-30 0.12
2017-06-30 0.08
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.12
2016-06-30 0.15
2016-03-31 0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GCP Student Living will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GCP Student Living's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GCP Student Living has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DIGS Past Performance

  How has GCP Student Living performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GCP Student Living's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GCP Student Living has delivered over 20% year on year earnings growth in the past 5 years.
  • GCP Student Living's 1-year earnings growth exceeds its 5-year average (38.1% vs 31.7%)
  • GCP Student Living's earnings growth has exceeded the GB REITs industry average in the past year (38.1% vs 6.9%).
Earnings and Revenue History
GCP Student Living's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GCP Student Living Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:DIGS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 39.34 71.07 2.67
2018-09-30 37.57 66.07 2.50
2018-06-30 35.79 61.06 2.33
2018-03-31 34.44 56.27 2.25
2017-12-31 33.09 51.48 2.18
2017-09-30 30.95 37.47 2.16
2017-06-30 28.81 23.47 2.14
2017-03-31 27.65 22.82 2.90
2016-12-31 26.50 22.17 3.65
2016-09-30 24.49 25.25 3.17
2016-06-30 22.48 28.33 2.69
2016-03-31 18.71 32.34 2.60
2015-12-31 14.94 36.35 2.52
2015-09-30 13.22 33.81 1.62
2015-06-30 11.51 31.28 0.72
2014-12-31 7.86 14.07 1.82
2014-06-30 6.85 5.78 1.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GCP Student Living has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GCP Student Living used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • GCP Student Living has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GCP Student Living's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GCP Student Living has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DIGS Health

 How is GCP Student Living's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GCP Student Living's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GCP Student Living is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GCP Student Living's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GCP Student Living's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GCP Student Living Company Filings, last reported 5 months ago.

LSE:DIGS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 648.44 231.68 19.78
2018-09-30 648.44 231.68 19.78
2018-06-30 574.21 232.77 29.21
2018-03-31 574.21 232.77 29.21
2017-12-31 563.40 232.59 61.94
2017-09-30 563.40 232.59 61.94
2017-06-30 466.99 217.47 55.11
2017-03-31 466.99 217.47 55.11
2016-12-31 384.42 128.30 54.71
2016-09-30 384.42 128.30 54.71
2016-06-30 358.47 128.17 66.34
2016-03-31 358.47 128.17 66.34
2015-12-31 275.62 128.06 12.87
2015-09-30 275.62 128.06 12.87
2015-06-30 137.73 157.21 106.29
2014-12-31 121.47 39.80 3.25
2014-06-30 112.86 39.46 3.68
  • GCP Student Living's level of debt (35.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if GCP Student Living's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (9.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess GCP Student Living's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GCP Student Living has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DIGS Dividends

 What is GCP Student Living's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.72%
Current annual income from GCP Student Living dividends. Estimated to be 3.85% next year.
If you bought £2,000 of GCP Student Living shares you are expected to receive £74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GCP Student Living's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • GCP Student Living's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:DIGS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 49 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:DIGS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.07 2.00
2020-06-30 0.06 2.00
2019-06-30 0.06 2.00
LSE:DIGS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.061 3.775
2019-02-05 0.061 3.937
2018-11-07 0.061 4.065
2018-08-01 0.060 4.033
2018-04-30 0.059 4.060
2018-01-31 0.059 4.253
2017-10-26 0.059 4.166
2017-07-26 0.058 4.034
2017-04-26 0.057 3.903
2017-01-31 0.057 3.907
2016-10-27 0.057 3.954
2016-07-28 0.057 3.960
2016-04-27 0.056 4.202
2016-01-28 0.056 4.112
2015-10-15 0.056 4.070
2015-10-01 0.056 4.111
2014-07-23 0.061 5.161
2014-05-01 0.054 5.046
2014-02-12 0.054 5.037

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, GCP Student Living has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but GCP Student Living only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of GCP Student Living's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1x coverage).
X
Income/ dividend checks
We assess GCP Student Living's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GCP Student Living afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GCP Student Living has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DIGS Management

 What is the CEO of GCP Student Living's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • GCP Student Living has no CEO, or we have no data on them.
Management Team

Saira Johnston

TITLE
Chief Financial Officer of Gravis Capital Management Limited

Dion Di Miceli

TITLE
Head of Investment Companies - Gravis Capital Management Limited

Chloe Marlow

TITLE
Head of Fund Financial Control - Gravis Capital Management Limited

Paul White

TITLE
Fund Financial Controller

Nick Barker

TITLE
Director of Gravis Capital Management Limited
AGE
38

Tom Ward

TITLE
Director of Gravis Capital Management Limited
AGE
40

Harry Daws

TITLE
Associate Director of Gravis Capital Management Limited
Board of Directors Tenure

Average tenure and age of the GCP Student Living board of directors in years:

1.3
Average Tenure
64
Average Age
  • The average tenure for the GCP Student Living board of directors is less than 3 years, this suggests a new board.
Board of Directors

Robert Henry Peto

TITLE
Chairman of the Board
COMPENSATION
£50K
AGE
67
TENURE
6.2 yrs

Robert Naish

TITLE
Senior Independent Director
COMPENSATION
£37K
AGE
65
TENURE
0.6 yrs

Marlene Wood

TITLE
Director
COMPENSATION
£44K
AGE
56
TENURE
4.3 yrs

Gillian Day

TITLE
Non-Executive Director
COMPENSATION
£13K
TENURE
1.3 yrs

David Hunter

TITLE
Non-Executive Director
AGE
63
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess GCP Student Living's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GCP Student Living has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DIGS News

Simply Wall St News

Is GCP Student Living plc (LON:DIGS) A Healthy REIT?

Next Steps: In this article, I've taken a look at Funds from Operations using various metrics, but it is certainly not sufficient to derive an investment decision based on this value alone. … Take a look at our free research report of analyst consensus for DIGS’s outlook. … The intrinsic value infographic in our free research report helps visualize whether DIGS is currently mispriced by the market.

Simply Wall St -

Did You Miss GCP Student Living's (LON:DIGS) 52% Share Price Gain?

For example, long term GCP Student Living plc (LON:DIGS) shareholders have enjoyed a 52% share price rise over the last half decade, well in excess of the market return of around 2.7% (not including dividends). … Over half a decade, GCP Student Living managed to grow its earnings per share at 18% a year. … A Different Perspective We're pleased to report that GCP Student Living shareholders have received a total shareholder return of 16% over one year.

Simply Wall St -

GCP Student Living Plc (LON:DIGS) Delivered A Better ROE Than Its Industry

GCP Student Living has a ROE of 11%, based on the last twelve months. … That means that for every £1 worth of shareholders' equity, it generated £0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Should Care About GCP Student Living Plc’s (LON:DIGS) Cash Levels

If you are currently a shareholder in GCP Student Living Plc (LON:DIGS), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … GCP Student Living generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … I will be analysing GCP Student Living’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

What You Need To Know Before Investing In GCP Student Living Plc (LON:DIGS)

GCP Student Living Plc is a UK£633m. … real estate investment trust (REIT) based in Exeter, United Kingdom. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities

Simply Wall St -

Is GCP Student Living Plc's (LON:DIGS) 11% Better Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of GCP Student Living Plc (LON:DIGS). … Our data shows GCP Student Living has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Need To Know Before Investing In GCP Student Living Plc (LON:DIGS)

real estate investment trust (REIT) based in Exeter, United Kingdom. … Funds from Operations (FFO) is a higher quality measure of DIGS's earnings compared to net income … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

You May Have Been Looking At GCP Student Living Plc (LON:DIGS) All Wrong

real estate investment trust (REIT) based in Exeter, United Kingdom. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way

Simply Wall St -

Did GCP Student Living Plc (LON:DIGS) Create Value For Investors Over The Past Year?

Check out our latest analysis for GCP Student Living Breaking down Return on Equity Return on Equity (ROE) is a measure of GCP Student Living’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity LSE:DIGS Last Perf May 14th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management. … While GCP Student Living exhibits a weak ROE against its peers, its returns are sufficient enough to cover its cost of equity.

Simply Wall St -

GCP Student Living Plc (LON:DIGS): What You Have To Know Before Buying For The Upcoming Dividend

See our latest analysis for GCP Student Living 5 questions I ask before picking a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … LSE:DIGS Historical Dividend Yield May 6th 18 How does GCP Student Living fare? … Compared to its peers, GCP Student Living generates a yield of 4.27%, which is high for REITs stocks.

Simply Wall St -

DIGS Company Info

Description

GCP Student was the first real estate investment trust in the UK to focus on student residential assets. The Company seeks to provide shareholders with attractive total returns in the longer term through the potential for modest capital appreciation and regular, sustainable, long-term dividends with inflation-linked income characteristics. It invests in properties located primarily in and around London where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation and a growing number of international students. The Company has a premium listing on the Official List of the FCA and trades on the Premium Segment of the Main Market of the London Stock Exchange. The Company had a market capitalisation of c.£610 million at 31 December 2018.

Details
Name: GCP Student Living plc
DIGS
Exchange: LSE
Founded:
£680,873,874
413,653,630
Website: http://www.graviscapital.com/funds/gcp-student
Address: GCP Student Living plc
Beaufort House,
51 New North Road,
Exeter,
Devon, EX4 4EP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE DIGS Ordinary Shares London Stock Exchange GB GBP 20. May 2013
BATS-CHIXE DIGSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 20. May 2013
Number of employees
Current staff
Staff numbers
128
GCP Student Living employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:42
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.