POLAR CAPITAL TECHNOLOGY TRUST PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,925 GBX | +3.17% |
|
+3.36% | +12.72% |
| 2023 | Polar Capital Technology says asset value up but warns of headwinds | AN |
| 2023 | Polar Capital Technology Trust Emerges from Loss in Fiscal H1 | MT |
Valuation
| Fiscal Period: April | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,536 | 1,812 | 2,387 | 3,228 | 2,700 | 2,450 |
| Enterprise Value (EV) 1 | 1,470 | 1,672 | 2,298 | 3,066 | 2,441 | 2,262 |
| P/E ratio | 5.37 x | 4.72 x | 6.59 x | 3.04 x | -10.6 x | -23.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 4.88 x | 4.44 x | 6.31 x | 2.94 x | -11.1 x | -28.2 x |
| EV / Revenue | 4.67 x | 4.1 x | 6.07 x | 2.8 x | -10 x | -26.1 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | 7.66 x | 6.9 x | 10.7 x | 4.61 x | -16.5 x | -25.5 x |
| FCF Yield | 13.1% | 14.5% | 9.32% | 21.7% | -6.06% | -3.93% |
| Price to Book | 0.99 x | 0.94 x | 1.03 x | 0.95 x | 0.88 x | 0.87 x |
| Nbr of stocks (in thousands) | 133,795 | 133,825 | 134,566 | 136,545 | 132,356 | 126,286 |
| Reference price 2 | 11.48 | 13.54 | 17.74 | 23.64 | 20.40 | 19.40 |
| Announcement Date | 6/29/18 | 7/15/19 | 7/14/20 | 6/29/21 | 7/19/22 | 7/18/23 |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: April | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 314.5 | 407.8 | 378.2 | 1,097 | -243.6 | -86.75 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 289 | 384.6 | 357.9 | 1,071 | -273.2 | -109.8 |
| Operating Margin | 91.89% | 94.33% | 94.64% | 97.7% | 112.16% | 126.62% |
| Earnings before Tax (EBT) 1 | 286 | 385.5 | 361.9 | 1,066 | -256.6 | -103 |
| Net income 1 | 284.6 | 383.6 | 360.1 | 1,064 | -258.6 | -105.2 |
| Net margin | 90.49% | 94.08% | 95.21% | 96.99% | 106.18% | 121.25% |
| EPS 2 | 2.136 | 2.867 | 2.691 | 7.768 | -1.916 | -0.8128 |
| Free Cash Flow 1 | 191.9 | 242.2 | 214.2 | 665.6 | -147.8 | -88.79 |
| FCF margin | 61.01% | 59.39% | 56.64% | 60.69% | 60.69% | 102.35% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | 67.43% | 63.13% | 59.49% | 62.57% | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 6/29/18 | 7/15/19 | 7/14/20 | 6/29/21 | 7/19/22 | 7/18/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: April | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 65.9 | 140 | 89.7 | 162 | 259 | 188 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 192 | 242 | 214 | 666 | -148 | -88.8 |
| ROE (net income / shareholders' equity) | 20.3% | 22% | 17% | 37.2% | -8.01% | -3.58% |
| ROA (Net income/ Total Assets) | 12.4% | 13.2% | 10.1% | 22.6% | -5.13% | -2.26% |
| Assets 1 | 2,292 | 2,904 | 3,582 | 4,698 | 5,044 | 4,645 |
| Book Value Per Share 2 | 11.60 | 14.50 | 17.20 | 25.00 | 23.10 | 22.40 |
| Cash Flow per Share 2 | 0.7600 | 1.450 | 1.090 | 1.580 | 2.350 | 1.890 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 6/29/18 | 7/15/19 | 7/14/20 | 6/29/21 | 7/19/22 | 7/18/23 |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
29.25
Average target price
-
| 1st Jan change | Capi. | |
|---|---|---|
| +12.72% | 4.4B | |
| +3.27% | 14.32B | |
| +3.12% | 6.21B | |
| +10.97% | 4.36B | |
| -7.52% | 4B | |
| +3.61% | 3.51B | |
| +8.55% | 3.22B | |
| +7.91% | 3.06B | |
| -1.91% | 2.77B | |
| +10.59% | 2.74B |
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