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HICL Infrastructure

DB:2U4
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2U4
DB
£3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

HICL Infrastructure PLC specializes in direct and fund of funds investments. The last earnings update was 129 days ago. More info.


Add to Portfolio Compare Print
  • HICL Infrastructure is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • HICL Infrastructure has significant price volatility in the past 3 months.
2U4 Share Price and Events
7 Day Returns
16.9%
DB:2U4
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-4%
DB:2U4
-8.8%
DE Capital Markets
-17.5%
DE Market
2U4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HICL Infrastructure (2U4) 16.9% -15.7% -11.9% -4% - -
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • 2U4 outperformed the Capital Markets industry which returned -8.8% over the past year.
  • 2U4 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
2U4
Industry
5yr Volatility vs Market

2U4 Value

 Is HICL Infrastructure 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 HICL Infrastructure 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 HICL Infrastructure.

DB:2U4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.52 * 6.5%
£0.10
Book Value of Equity per Share Median Book Value from the past 5 years. £1.52
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:2U4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 19%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.835 * 6.07%)
4.68%

Discounted Cash Flow Calculation for DB:2U4 using Excess Returns Model Model

The calculations below outline how an intrinsic value for HICL Infrastructure is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:2U4 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.5% – 4.68%) * £1.52)
£0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.03 / (4.68% - -0.39%)
£0.55
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.52 + £0.55
£2.07
DB:2U4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2U4 represents 1.06012x of LSE:HICL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06012x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.07 x 1.06012
€2.19
Value per share (EUR) From above. €2.19
Current discount Discount to share price of €1.73
= -1 x (€1.73 - €2.19) / €2.19
21.1%

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

Current Discount
Amount off the current price HICL Infrastructure is available for.
Intrinsic value
21%
Share price is €1.73 vs Future cash flow value of €2.19
Current Discount Checks
For HICL Infrastructure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HICL Infrastructure's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HICL Infrastructure's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 HICL Infrastructure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HICL Infrastructure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2U4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.10
LSE:HICL Share Price ** LSE (2020-03-27) in GBP £1.63
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of HICL Infrastructure.

DB:2U4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.63 ÷ 0.10

16.96x

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

  • HICL Infrastructure is good value based on earnings compared to the DE Capital Markets industry average.
  • HICL Infrastructure is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does HICL Infrastructure's expected growth come at a high price?
Raw Data
DB:2U4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for HICL Infrastructure, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HICL Infrastructure's assets?
Raw Data
DB:2U4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £1.58
LSE:HICL Share Price * LSE (2020-03-27) in GBP £1.63
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:2U4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.63 ÷ 1.58

1.03x

* Primary Listing of HICL Infrastructure.

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

  • HICL Infrastructure is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess HICL Infrastructure'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. HICL Infrastructure has a total score of 3/6, 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.

2U4 Future Performance

 How is HICL Infrastructure expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
41.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HICL Infrastructure expected to grow at an attractive rate?
  • Unable to compare HICL Infrastructure's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare HICL Infrastructure's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare HICL Infrastructure's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2U4 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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
DB:2U4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2U4 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 188
2020-03-31 183
2020-03-28
DB:2U4 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 177 150 172
2019-06-30 234 147 229
2019-03-31 290 145 285
2018-12-31 260 141 256
2018-09-30 230 137 227
2018-06-30 177 134 174
2018-03-31 124 131 122
2017-12-31 153 126 150
2017-09-30 181 121 179
2017-06-30 180 114 178
2017-03-31 179 107 177
2016-12-31 193 112 174

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if HICL Infrastructure is high growth as no earnings estimate data is available.
  • Unable to determine if HICL Infrastructure is high growth as no revenue estimate data is available.
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
DB:2U4 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 1 Analyst Estimates (S&P Global) See Below

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

DB:2U4 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31
2020-03-31
2020-03-28
DB:2U4 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.10
2019-06-30 0.13
2019-03-31 0.16
2018-12-31 0.14
2018-09-30 0.13
2018-06-30 0.10
2018-03-31 0.07
2017-12-31 0.09
2017-09-30 0.11
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12

*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.
  • HICL Infrastructure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HICL Infrastructure'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
HICL Infrastructure has a total score of 0/6, 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.

2U4 Past Performance

  How has HICL Infrastructure 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 HICL Infrastructure's growth in the last year to its industry (Capital Markets).
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.
  • HICL Infrastructure's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • HICL Infrastructure's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HICL Infrastructure's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
HICL Infrastructure'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 HICL Infrastructure Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2U4 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 177.10 172.10 5.00
2019-06-30 233.75 228.75 5.00
2019-03-31 290.40 285.40 5.00
2018-12-31 259.95 256.10 3.85
2018-09-30 229.50 226.80 2.70
2018-06-30 176.80 174.30 2.50
2018-03-31 124.10 121.80 2.30
2017-12-31 152.50 150.45 2.05
2017-09-30 180.90 179.10 1.80
2017-06-30 179.75 177.95 1.80
2017-03-31 178.60 176.80 1.80
2016-12-31 193.10 173.85 17.40
2016-09-30 196.70 170.90 22.00
2016-06-30 189.75 164.05 21.90
2016-03-31 182.80 157.20 21.80
2015-12-31 179.80 163.85 10.75
2015-09-30 187.70 170.50 10.70
2015-06-30 220.60 200.65 15.00
2015-03-31 253.50 230.80 19.30
2014-12-31 280.45 222.50 18.10
2014-09-30 307.40 214.20 16.90
2014-06-30 238.35 183.90 17.15
2014-03-31 169.30 153.60 17.40
2013-12-31 41.00 121.05 16.40
2013-09-30 -87.30 88.50 15.40
2013-06-30 -43.65 90.75 15.10
2013-03-31 93.00 14.80

*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.
  • HICL Infrastructure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HICL Infrastructure used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • HICL Infrastructure's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HICL Infrastructure'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 Capital Markets 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.
HICL Infrastructure has a total score of 2/6, 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.

2U4 Health

 How is HICL Infrastructure'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 HICL Infrastructure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HICL Infrastructure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HICL Infrastructure has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HICL Infrastructure'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.
  • Low level of unsold assets.
  • HICL Infrastructure has no debt, it does not need to be covered by short term assets.
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 HICL Infrastructure Company Filings, last reported 5 months ago.

DB:2U4 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,827.10 0.00 1.50
2019-06-30 2,827.10 0.00 1.50
2019-03-31 2,821.70 0.00 4,823.70
2018-12-31 2,821.70 0.00 4,823.70
2018-09-30 2,799.20 0.00 0.20
2018-06-30 2,799.20 0.00 0.20
2018-03-31 2,677.10 0.00 0.70
2017-12-31 2,677.10 0.00 0.70
2017-09-30 2,711.30 0.00 0.60
2017-06-30 2,711.30 0.00 0.60
2017-03-31 2,419.40 0.00 0.90
2016-12-31 2,419.40 0.00 0.90
2016-09-30 2,123.40 0.00 0.60
2016-06-30 2,123.40 0.00 0.60
2016-03-31 1,973.90 0.00 52.70
2015-12-31 1,973.90 0.00 52.70
2015-09-30 1,849.70 26.50 37.60
2015-06-30 1,849.70 26.50 37.60
2015-03-31 1,732.90 0.00 33.50
2014-12-31 1,732.90 0.00 33.50
2014-09-30 1,651.20 0.00 29.50
2014-06-30 1,651.20 0.00 29.50
2014-03-31 1,529.50 0.00 43.50
2013-12-31 1,529.50 0.00 43.50
2013-09-30 1,417.00 2,278.10 193.70
2013-06-30 1,417.00 2,278.10 193.70
2013-03-31 1,334.70 26.90 173.70
  • HICL Infrastructure has no debt.
  • HICL Infrastructure currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • HICL Infrastructure has no debt, it does not need to be covered by operating cash flow.
  • HICL Infrastructure has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess HICL Infrastructure'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. HICL Infrastructure has a total score of 6/6, 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.

2U4 Dividends

 What is HICL Infrastructure'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
5.06%
Current annual income from HICL Infrastructure dividends. Estimated to be 5.25% next year.
If you bought €2,000 of HICL Infrastructure shares you are expected to receive €101 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?
  • HICL Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • HICL Infrastructure's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
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
DB:2U4 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 1 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:2U4 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.09 1.00
2022-03-31 0.09 1.00
2021-03-31 0.08 1.00
2020-03-31 0.08 1.00
2020-03-28
DB:2U4 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.082 5.144
2019-11-14 0.082 4.792
2019-07-23 0.082 4.943
2019-05-29 0.081 5.043
2019-02-12 0.080 4.928
2018-11-14 0.080 5.030
2018-07-18 0.080 5.128
2018-05-16 0.079 5.484
2018-02-21 0.078 5.560
2017-11-16 0.078 5.125
2017-07-18 0.078 4.908
2017-05-18 0.077 4.643
2017-02-22 0.076 4.526
2016-06-03 0.075 4.409
2016-05-18 0.075 4.557
2015-05-14 0.075 4.839
2015-02-18 0.072 4.649
2014-11-14 0.072 4.750
2014-07-23 0.072 4.985
2014-05-13 0.071 5.102
2013-11-14 0.071 5.219
2013-02-22 0.070 5.380
2012-05-23 0.069 5.581
2011-05-24 0.067 5.705
2011-05-23 0.067 5.572
2010-11-16 0.067 5.689
2010-05-25 0.066 5.705
2009-03-31 0.064 5.593

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of HICL Infrastructure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess HICL Infrastructure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 HICL Infrastructure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HICL Infrastructure has a total score of 5/6, see the detailed checks below.


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

2U4 Management

 What is the CEO of HICL Infrastructure'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.
  • HICL Infrastructure has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by HICL Infrastructure individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Mar 20 Buy Werner M. von Guionneau Individual 24. Mar 20 24. Mar 20 134,225 €1.63 €218,469
17. Mar 20 Buy Simon Holden Individual 17. Mar 20 17. Mar 20 17,500 €1.64 €28,664
04. Jul 19 Buy Simon Holden Individual 01. Jul 19 01. Jul 19 82 €1.80 €147
X
Management checks
We assess HICL Infrastructure'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. HICL Infrastructure 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.

2U4 News

Simply Wall St News

2U4 Company Info

Description

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions. The fund also invests project companies with ‘demand’ based concessions and project companies which do not have public sector sponsored/awarded or government backed concessions. It seeks to invest in PFI, PPP, P3, social infrastructure projects, toll roads, bridges, and tunnels, airports, ports, utilities, communication networks, and renewables. The fund makes fund of funds investments in limited partnerships and other funds that make infrastructure investments and financial instruments and securities issued by companies that make infrastructure investments, or whose activities are similar or comparable to infrastructure investments. The fund invests in European Union, Norway, Switzerland, North America, South America, and selected territories in Asia and Australasia.

Details
Name: HICL Infrastructure PLC
2U4
Exchange: DB
Founded:
£3,400,694,657
1,863,642,769
Website: http://www.hicl.hsbc.com
Address: HICL Infrastructure PLC
12 Charles II Street,
London,
Greater London, SW1Y 4QU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HICL Ordinary Shares London Stock Exchange GB GBP 29. Mar 2006
DB 2U4 Ordinary Shares Deutsche Boerse AG DE EUR 29. Mar 2006
BST 1Y8 Ordinary Shares Boerse-Stuttgart DE EUR 29. Mar 2006
BATS-CHIXE HICLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Mar 2006
Number of employees
Current staff
Staff numbers
0
HICL Infrastructure employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 23:55
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2019/11/20
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.