Palace Capital
Market Cap
UK£93.1m
Last Updated
2021/02/27 20:01 UTC
Data Sources
Company Financials +
Executive Summary
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
Similar Companies
Share Price & News
How has Palace Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PCA is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PCA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
6.3%
PCA
1.6%
GB Real Estate
-2.3%
GB Market
1 Year Return
-31.9%
PCA
-5.5%
GB Real Estate
1.1%
GB Market
Return vs Industry: PCA underperformed the UK Real Estate industry which returned -8.5% over the past year.
Return vs Market: PCA underperformed the UK Market which returned -0.2% over the past year.
Shareholder returns
| PCA | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 1.6% | -2.3% |
| 30 Day | 5.5% | 4.0% | -0.1% |
| 90 Day | -10.4% | 7.9% | 4.2% |
| 1 Year | -29.2%-31.9% | -3.9%-5.5% | 7.1%1.1% |
| 3 Year | -26.2%-37.5% | 0.6%-7.4% | 9.7%-3.4% |
| 5 Year | -19.6%-38.8% | -20.2%-28.5% | 36.9%10.5% |
Long-Term Price Volatility Vs. Market
How volatile is Palace Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Reflecting on Palace Capital's (LON:PCA) Share Price Returns Over The Last Five Years1 month ago | Simply Wall St
Something To Consider Before Buying Palace Capital Plc (LON:PCA) For The 5.2% Dividend1 month ago | Simply Wall St
Is Palace Capital (LON:PCA) Using Too Much Debt?Valuation
Is Palace Capital undervalued compared to its fair value and its price relative to the market?
0.59x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PCA (£2.02) is trading above our estimate of fair value (£1.3)
Significantly Below Fair Value: PCA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PCA is unprofitable, so we can't compare its PE Ratio to the GB Real Estate industry average.
PE vs Market: PCA 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 PCA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PCA is good value based on its PB Ratio (0.6x) compared to the GB Real Estate industry average (0.9x).
Next Steps
Future Growth
How is Palace Capital forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
88.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PCA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).
Earnings vs Market: PCA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PCA's is expected to become profitable in the next 3 years.
Revenue vs Market: PCA's revenue (1.1% per year) is forecast to grow slower than the UK market (7.3% per year).
High Growth Revenue: PCA's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PCA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Palace Capital performed over the past 5 years?
-42.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCA is currently unprofitable.
Growing Profit Margin: PCA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PCA is unprofitable, and losses have increased over the past 5 years at a rate of 42.5% per year.
Accelerating Growth: Unable to compare PCA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PCA is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-34.1%).
Return on Equity
High ROE: PCA has a negative Return on Equity (-9.56%), as it is currently unprofitable.
Next Steps
Financial Health
How is Palace Capital's financial position?
Financial Position Analysis
Short Term Liabilities: PCA's short term assets (£62.7M) exceed its short term liabilities (£15.2M).
Long Term Liabilities: PCA's short term assets (£62.7M) do not cover its long term liabilities (£133.2M).
Debt to Equity History and Analysis
Debt Level: PCA's debt to equity ratio (84%) is considered high.
Reducing Debt: PCA's debt to equity ratio has increased from 48.6% to 84% over the past 5 years.
Debt Coverage: PCA's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: PCA is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Palace Capital current dividend yield, its reliability and sustainability?
4.95%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PCA's dividend (4.95%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).
High Dividend: PCA's dividend (4.95%) is in the top 25% of dividend payers in the UK market (4.52%)
Stability and Growth of Payments
Stable Dividend: PCA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PCA's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: PCA is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PCA's dividends in 3 years are forecast to be covered by earnings (79.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Ronald Sinclair (77 yo)
10.58yrs
Tenure
UK£598,406
Compensation
Mr. Ronald Neil Sinclair, FRICS serves as a Managing Director of Palace Capital Plc and has been its Chief Executive Officer since July 2010. Mr. Sinclair serves as a Managing Director of Peregrine Corpora...
CEO Compensation Analysis
Compensation vs Market: Ronald's total compensation ($USD833.32K) is above average for companies of similar size in the UK market ($USD339.59K).
Compensation vs Earnings: Ronald's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 10.58yrs | UK£598.41k | 0.57% £ 526.6k | |
| Group Finance Director & Executive Director | 5.58yrs | UK£402.18k | 0.075% £ 69.8k | |
| Executive Director | 7.33yrs | UK£441.37k | 0.43% £ 403.1k | |
| Head of Finance & Operations | no data | no data | 0.0069% £ 6.4k | |
| Financial Controller | no data | no data | no data | |
| Company Secretary | 2.08yrs | no data | no data | |
| Senior Asset Manager | no data | no data | no data | |
| Senior Asset Manager | no data | no data | no data |
5.6yrs
Average Tenure
46yo
Average Age
Experienced Management: PCA's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Executive Director | 10.58yrs | UK£598.41k | 0.57% £ 526.6k | |
| Group Finance Director & Executive Director | 5.58yrs | UK£402.18k | 0.075% £ 69.8k | |
| Executive Director | 7.33yrs | UK£441.37k | 0.43% £ 403.1k | |
| Senior Independent Director | 0.83yr | UK£45.00k | 0.022% £ 20.4k | |
| Independent Non-Executive Director | 6.33yrs | UK£45.00k | 0.022% £ 20.2k | |
| Non-Executive Chairman | 11.08yrs | UK£50.00k | 3.61% £ 3.4m | |
| Independent Non-Executive Director | 0.92yr | UK£3.33k | no data |
6.3yrs
Average Tenure
64yo
Average Age
Experienced Board: PCA's board of directors are considered experienced (6.3 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Palace Capital Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Palace Capital Plc
- Ticker: PCA
- Exchange: LSE
- Founded: NaN
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: UK£93.061m
- Shares outstanding: 46.07m
- Website: https://www.palacecapitalplc.com
Number of Employees
Location
- Palace Capital Plc
- 25 Bury Street
- 4th Floor
- London
- Greater London
- SW1Y 6AL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PCA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Feb 2007 |
Biography
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 20:01 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.