GAIN Capital Holdings, Inc., together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide.
Reasonable growth potential unattractive dividend payer.
Share Price & News
How has GAIN Capital Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GCAP has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: GCAP underperformed the US Capital Markets industry which returned 15.4% over the past year.
Return vs Market: GCAP underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is GAIN Capital Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes GAIN Capital Holdings, Inc.'s (NYSE:GCAP) CEO Pay Matter?
1 month ago | Simply Wall StShould You Buy GAIN Capital Holdings, Inc. (NYSE:GCAP) For Its 5.9% Dividend?
2 months ago | Simply Wall StDid Changing Sentiment Drive GAIN Capital Holdings's (NYSE:GCAP) Share Price Down A Worrying 52%?
Is GAIN Capital Holdings undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GCAP ($3.49) is trading above our estimate of fair value ($2.36)
Significantly Below Fair Value: GCAP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GCAP is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.
PE vs Market: GCAP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GCAP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GCAP is good value based on its PB Ratio (0.5x) compared to the US Capital Markets industry average (6.6x).
How is GAIN Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GCAP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: GCAP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GCAP's is expected to become profitable in the next 3 years.
Revenue vs Market: GCAP's revenue (12.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: GCAP's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GCAP's Return on Equity is forecast to be low in 3 years time (7.6%).
How has GAIN Capital Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GCAP is currently unprofitable.
Growing Profit Margin: GCAP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GCAP is unprofitable, and losses have increased over the past 5 years at a rate of -34.4% per year.
Accelerating Growth: Unable to compare GCAP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GCAP is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).
Return on Equity
High ROE: GCAP has a negative Return on Equity (-11.96%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is GAIN Capital Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: GCAP has a low level of unsold assets or inventory.
Debt Coverage by Assets: GCAP's debt is covered by short term assets (assets are 8.5x debt).
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: GCAP has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: GCAP has been profitable on average in the past, therefore cash runway is not a concern.
Financial Institutions Analysis
Asset Level: GCAP's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GCAP has a sufficient allowance for bad loans.
Low Risk Liabilities: GCAP reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GCAP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GCAP has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GCAP has an appropriate level of bad loans.
What is GAIN Capital Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GCAP's dividend (6.88%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: GCAP's dividend (6.88%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GCAP has been paying a dividend for less than 10 years.
Growing Dividend: GCAP's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: GCAP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Stevens (56yo)
Mr. Glenn H. Stevens has been the Chief Executive Officer of GAIN Capital Group, LLC since June 16, 2007. Mr. Stevens has been the Chief Executive Officer and President of GAIN Capital Holdings, Inc. since ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD3.77M) is above average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Glenn's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||4.3yrs||US$937.17k||0.12% $157.2k|
|Chief Operating Officer||2.3yrs||US$818.62k||no data|
|Head of Corporate Development||9.1yrs||US$1.27m||0.15% $202.0k|
|Chief Risk Officer||7.1yrs||US$1.55m||no data|
|Head of Business Development - GTX||5.5yrs||no data||no data|
|MD & Head of Global Sales - GTX||5.1yrs||no data||no data|
|Managing Director of Asia Pacific||1.4yrs||no data||no data|
|Head of IT Development||1.1yrs||no data||no data|
|Head of Infrastructure Technology||1.1yrs||no data||no data|
Experienced Management: GCAP's management team is considered experienced (4.7 years average tenure).
|Independent Director||8.8yrs||US$94.63k||0.24% $328.7k|
|Chairman of the Board||2.4yrs||US$189.25k||0.43% $579.0k|
|Independent Director||2.4yrs||US$141.94k||0.51% $691.0k|
|Independent Director||13.2yrs||US$141.94k||0.49% $664.5k|
|Independent Director||9.3yrs||US$141.94k||0.033% $44.5k|
|Director||0.3yrs||no data||no data|
Experienced Board: GCAP's board of directors are considered experienced (8.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
GAIN Capital Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: GAIN Capital Holdings, Inc.
- Ticker: GCAP
- Exchange: NYSE
- Founded: 1999
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: US$135.122m
- Shares outstanding: 37.43m
- Website: https://www.gaincapital.com
Number of Employees
- GAIN Capital Holdings, Inc.
- Bedminster One
- Suite 11
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GCAP||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 2010|
|58G||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2010|
GAIN Capital Holdings, Inc., together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex. It provides services to retail customers through FOREX.com and Cityindex.com, as well as through brokers and white label partners. The company offers execution and risk management services for exchange-traded futures and futures options on the United States and European futures and options exchanges; and online trading services. GAIN Capital Holdings, Inc. was founded in 1999 and is headquartered in Bedminster, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 01:45|
|End of Day Share Price||2020/02/24 00:00|
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.