ISE:GRW

Stock Analysis Report

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Executive Summary

Draper Esprit plc, formerly known as Ingleby (1994) plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.

Rewards


Snowflake Analysis

Share Price & News

How has Draper Esprit's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GRW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

GRW

5.7%

IE Capital Markets

7.3%

IE Market


1 Year Return

n/a

GRW

7.9%

IE Capital Markets

5.9%

IE Market

Return vs Industry: Insufficient data to determine how GRW performed against the Irish Capital Markets industry.

Return vs Market: Insufficient data to determine how GRW performed against the Irish Market.


Shareholder returns

GRWIndustryMarket
7 Day0%5.7%7.3%
30 Day20.0%12.7%18.8%
90 Day-20.0%7.8%3.5%
1 Yearn/a10.4%7.9%7.2%5.9%
3 Year23.7%23.7%2.7%-6.6%10.9%5.8%
5 Yearn/a-10.5%-26.6%40.8%30.4%

Price Volatility Vs. Market

How volatile is Draper Esprit's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Draper Esprit undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GRW (€4.8) is trading below our estimate of fair value (€21.42)

Significantly Below Fair Value: GRW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GRW is good value based on its PE Ratio (4.4x) compared to the Capital Markets industry average (16.7x).

PE vs Market: GRW is good value based on its PE Ratio (4.4x) compared to the Irish market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: GRW is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: GRW is good value based on its PB Ratio (0.9x) compared to the XE Capital Markets industry average (1.4x).

Future Growth

How is Draper Esprit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRW's forecast earnings growth (24.8% per year) is above the savings rate (0.7%).

Earnings vs Market: GRW's earnings (24.8% per year) are forecast to grow faster than the Irish market (15.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GRW's revenue is expected to decline over the next 3 years (-1.8% per year).

High Growth Revenue: GRW's revenue is forecast to decline over the next 3 years (-1.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRW's Return on Equity is forecast to be low in 3 years time (16.9%).

Past Performance

How has Draper Esprit performed over the past 5 years?

60.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRW has a high level of non-cash earnings.

Growing Profit Margin: GRW's current net profit margins (93%) are higher than last year (83.8%).


Past Earnings Growth Analysis

Earnings Trend: GRW has become profitable over the past 5 years, growing earnings by 60.9% per year.

Accelerating Growth: GRW's earnings growth over the past year (66.4%) exceeds its 5-year average (60.9% per year).

Earnings vs Industry: GRW earnings growth over the past year (66.4%) exceeded the Capital Markets industry 14.7%.


Return on Equity

High ROE: GRW's Return on Equity (19.3%) is considered low.

Financial Health

How is Draper Esprit's financial position?


Financial Position Analysis

Short Term Liabilities: GRW's short term assets (£53.9M) exceed its short term liabilities (£5.7M).

Long Term Liabilities: GRW's short term assets (£53.9M) exceed its long term liabilities (£21.3M).


Debt to Equity History and Analysis

Debt Level: GRW's debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GRW's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GRW's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GRW's interest payments on its debt are well covered by EBIT (896.6x coverage).


Balance Sheet

Dividend

What is Draper Esprit's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GRW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GRW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GRW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GRW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GRW's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Martin Michael Davis (56yo)

0.58

Tenure

Mr. Martin Michael Arthur Davis serves as the Chief Executive Officer at Draper Esprit plc since joining the firm on November 4, 2019. He has experience in financial services and technology. He previously  ...


Leadership Team

NamePositionTenureCompensationOwnership
Simon Cook
CIO, Co-Founder & Director4yrsUK£503.00k1.13% £7.6m
Stuart Chapman
Co-Founder4yrsUK£415.00k1.13% £7.6m
Martin Michael Davis
Chief Executive Officer0.58yrno datano data
Benjamin Wilkinson
CFO & Director1yrno data0.0047% £31.7k
Paula Darlison
Group Administration Managerno datano datano data
Isabella Cookson
Head of Marketing & Research4.42yrsno datano data
Jonathan Freuchet-Sibilia
Partner & Head of Secondaries and Fund of Funds3.5yrsno datano data
Brian Caulfield
Venture Partnerno datano datano data
Richard Marsh
Partner - Encore Venturesno datano datano data
David Cummings
no datano datano data

4.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: GRW's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Simon Cook
CIO, Co-Founder & Director4yrsUK£503.00k1.13% £7.6m
Stuart Chapman
Co-Founder4yrsUK£415.00k1.13% £7.6m
Benjamin Wilkinson
CFO & Director1yrno data0.0047% £31.7k
Karen Slatford
Independent Non-Executive Chairman4yrsUK£80.00kno data
Crispin Payne
Member of Advisory Boardno datano datano data
Grahame Cook
Independent Non-Executive Director4yrsUK£40.00kno data
Richard Pelly
Independent Non-Executive Director4yrsUK£40.00kno data

4.0yrs

Average Tenure

55yo

Average Age

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Draper Esprit plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Draper Esprit plc
  • Ticker: GRW
  • Exchange: ISE
  • Founded: 1984
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£606.482m
  • Listing Market Cap: UK£673.793m
  • Shares outstanding: 118.92m
  • Website: https://www.draperesprit.com

Number of Employees


Location

  • Draper Esprit plc
  • 20 Garrick Street
  • London
  • Greater London
  • WC2E 9BT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GROWAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2016
GRWISE (Irish Stock Exchange)YesOrdinary SharesIEEURJun 2016
GRWX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2016

Biography

Draper Esprit plc, formerly known as Ingleby (1994) plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies. It also seeks to buy entire funds from other tech investors. The firm primarily invests in companies from pre-revenue stage upwards. It primarily invests in technology oriented business. The firm typically invests in digital technology, consumer, commerce, enterprise and data, systems and semiconductors, financial technology, internet, mobile, media, telecom, and healthcare sectors, software, hardware, medical technology, and life sciences sectors. It invests in companies based in Europe, Ireland, and United Kingdom. The firm seeks to invest between $0.02 million and €10 million ($10.88 million) in rounds up to €1 million ($1.09 million) and €30 million ($32.63 million). It invests 30 percent of its corpus in very early stage companies with less than $5 million in revenues. The firm seeks to make minority and majority investments. Draper Esprit plc was founded in 1984 and is based in London, United Kingdom with additional offices in Cambridge, United Kingdom; Dublin, Ireland; Helsinki, Finland; and Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 00:24
End of Day Share Price2020/06/01 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.