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HgCapital Trust

DB:5AC
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5AC
DB
£876M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

HgCapital Trust plc 2017 specializes in direct, quoted and unquoted companies and fund of funds investments. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • HgCapital Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • HgCapital Trust has significant price volatility in the past 3 months.
5AC Share Price and Events
7 Day Returns
16.5%
DB:5AC
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-
DB:5AC
-11.8%
DE Capital Markets
-20.4%
DE Market
5AC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HgCapital Trust (5AC) 16.5% -16% -17.7% - - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • No trading data on 5AC.
  • No trading data on 5AC.
Price Volatility
5AC
Industry
5yr Volatility vs Market

Value

 Is HgCapital Trust 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 HgCapital Trust 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 HgCapital Trust.

DB:5AC 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
= £2.06 * 15.5%
£0.32
Book Value of Equity per Share Median Book Value from the past 5 years. £2.06
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:5AC
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))
= 0.753 (1 + (1- 19%) (0%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.834 * 6.07%)
4.67%

Discounted Cash Flow Calculation for DB:5AC using Excess Returns Model Model

The calculations below outline how an intrinsic value for HgCapital Trust 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:5AC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.5% – 4.67%) * £2.06)
£0.22
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.22 / (4.67% - -0.39%)
£4.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.06 + £4.42
£6.48
DB:5AC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5AC represents 1.14883x of LSE:HGT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14883x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 6.48 x 1.14883
€7.44
Value per share (EUR) From above. €7.44
Current discount Discount to share price of €2.47
= -1 x (€2.47 - €7.44) / €7.44
66.8%

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

Current Discount
Amount off the current price HgCapital Trust is available for.
Intrinsic value
>50%
Share price is €2.47 vs Future cash flow value of €7.44
Current Discount Checks
For HgCapital Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HgCapital Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HgCapital Trust's share price is below the future cash flow value, and 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 HgCapital Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HgCapital Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5AC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.46
LSE:HGT Share Price ** LSE (2020-04-01) in GBP £2.15
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of HgCapital Trust.

DB:5AC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.15 ÷ 0.46

4.7x

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

  • HgCapital Trust is good value based on earnings compared to the DE Capital Markets industry average.
  • HgCapital Trust is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does HgCapital Trust's expected growth come at a high price?
Raw Data
DB:5AC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 HgCapital Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HgCapital Trust's assets?
Raw Data
DB:5AC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £2.55
LSE:HGT Share Price * LSE (2020-04-01) in GBP £2.15
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:5AC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.15 ÷ 2.55

0.84x

* Primary Listing of HgCapital Trust.

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

  • HgCapital Trust is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess HgCapital Trust'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. HgCapital Trust has a total score of 5/6, 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.

Future Performance

 How is HgCapital Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HgCapital Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HgCapital Trust expected to grow at an attractive rate?
  • Unable to compare HgCapital Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare HgCapital Trust's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare HgCapital Trust's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:5AC Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:5AC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5AC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-02
DB:5AC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 177 -5 177
2019-09-30 171 -13 169
2019-06-30 165 -22 160
2019-03-31 138 -20 131
2018-12-31 111 -18 101
2018-09-30 117 -5 108
2018-06-30 124 8 115
2018-03-31 128 10 122
2017-12-31 133 11 128
2017-09-30 122 11 119
2017-06-30 111 11 110
2017-03-31 106 16 106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if HgCapital Trust is high growth as no earnings estimate data is available.
  • Unable to determine if HgCapital Trust 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:5AC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from HgCapital Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5AC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-02
DB:5AC Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.46
2019-09-30 0.44
2019-06-30 0.41
2019-03-31 0.34
2018-12-31 0.27
2018-09-30 0.29
2018-06-30 0.31
2018-03-31 0.33
2017-12-31 0.34
2017-09-30 0.32
2017-06-30 0.30
2017-03-31 0.28

*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.
  • Unable to establish if HgCapital Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HgCapital Trust'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.
HgCapital Trust 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.

Past Performance

  How has HgCapital Trust 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 HgCapital Trust'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.
  • HgCapital Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • HgCapital Trust's 1-year earnings growth exceeds its 5-year average (75.5% vs 20.5%)
  • HgCapital Trust's earnings growth has exceeded the DE Capital Markets industry average in the past year (75.5% vs 5.7%).
Earnings and Revenue History
HgCapital Trust'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 HgCapital Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5AC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 176.94 177.49 2.31
2019-09-30 170.94 168.99 1.97
2019-06-30 164.93 160.48 1.63
2019-03-31 137.93 130.81 1.63
2018-12-31 110.92 101.13 1.63
2018-09-30 117.46 108.06 1.38
2018-06-30 124.01 114.98 1.12
2018-03-31 128.33 121.69 1.20
2017-12-31 132.66 128.41 1.29
2017-09-30 122.05 119.41 1.09
2017-06-30 111.45 110.42 0.89
2017-03-31 105.72 105.54 0.97
2016-12-31 99.99 100.66 1.06
2016-09-30 105.17 105.32 1.78
2016-06-30 110.35 109.98 2.50
2016-03-31 89.16 87.52 2.26
2015-12-31 67.96 65.05 2.01
2015-09-30 59.62 56.01 1.66
2015-06-30 51.29 46.97 1.30
2015-03-31 55.10 50.61 1.19
2014-12-31 58.92 54.25 1.08
2014-09-30 45.94 40.98 1.63
2014-06-30 32.96 27.71 2.18
2014-03-31 15.47 10.24 2.49
2013-12-31 -2.02 -7.24 2.79
2013-09-30 11.18 6.25 2.28
2013-06-30 24.38 19.73 1.76

*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.
  • HgCapital Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HgCapital Trust used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • HgCapital Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HgCapital Trust'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.
HgCapital Trust has a total score of 5/6, 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.

Health

 How is HgCapital Trust'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 HgCapital Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HgCapital Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HgCapital Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HgCapital Trust'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.
  • HgCapital Trust 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 HgCapital Trust Company Filings, last reported 3 months ago.

DB:5AC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,039.30 0.00 189.29
2019-09-30 1,039.30 0.00 189.29
2019-06-30 975.13 0.00 158.79
2019-03-31 975.13 0.00 158.79
2018-12-31 804.99 0.00 156.53
2018-09-30 804.99 0.00 156.53
2018-06-30 768.66 0.00 153.92
2018-03-31 768.66 0.00 153.92
2017-12-31 721.02 0.00 160.29
2017-09-30 721.02 0.00 160.29
2017-06-30 670.85 0.00 119.42
2017-03-31 670.85 0.00 119.42
2016-12-31 615.76 1.46 45.77
2016-09-30 615.76 1.46 45.77
2016-06-30 577.61 0.00 21.18
2016-03-31 577.61 0.00 21.18
2015-12-31 530.02 1.49 40.35
2015-09-30 530.02 1.49 40.35
2015-06-30 482.55 0.00 22.78
2015-03-31 482.55 0.00 22.78
2014-12-31 476.92 0.24 62.88
2014-09-30 476.92 0.24 62.88
2014-06-30 454.62 0.00 76.85
2014-03-31 454.62 0.00 76.85
2013-12-31 440.58 1.42 95.83
2013-09-30 440.58 1.42 95.83
2013-06-30 437.74 0.00 134.26
  • HgCapital Trust has no debt.
  • HgCapital Trust had no debt 5 years ago.
  • HgCapital Trust has no debt, it does not need to be covered by operating cash flow.
  • HgCapital Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess HgCapital Trust'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. HgCapital Trust 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.

Dividends

 What is HgCapital Trust'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
2.23%
Current annual income from HgCapital Trust dividends.
If you bought €2,000 of HgCapital Trust shares you are expected to receive €45 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?
  • HgCapital Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • HgCapital Trust's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:5AC 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 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:5AC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-04-02
DB:5AC Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-09 0.048 2.367
2019-03-11 0.046 2.004
2018-03-06 0.046 2.424
2018-03-05 0.046 2.625
2017-09-11 0.046 2.664
2017-03-06 0.046 2.869
2016-03-07 0.040 3.020
2015-03-09 0.032 2.965
2014-03-10 0.029 2.771
2014-03-07 0.029 2.774
2013-03-08 0.023 2.047
2012-03-16 0.010 1.018
2011-03-18 0.028 2.691
2010-03-08 0.025 2.853
2010-03-01 0.025 2.964

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of HgCapital Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.5x 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 HgCapital Trust'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 HgCapital Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HgCapital Trust has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of HgCapital Trust'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.
  • HgCapital Trust has no CEO, or we have no data on them.
Management Team

Nic Humphries

TITLE
Senior Partner & Head of the Technology Team
AGE
51

Steven Batchelor

TITLE
Partner & COO

Laura Dixon

TITLE
Senior Investor Relations Manager

Matt Rourke

TITLE
Head of the Services Team

Matt Brockman

TITLE
Managing Partner & Head of the Mercury Technology Team

Luke Finch

TITLE
Director & Head of Client Services

Amanda Good

TITLE
Partner & Head of Portfolio Team

Andrew Land

TITLE
Partner & Head of the Services Team

Justin von Simson

TITLE
Managing Partner

Richard Mathews

TITLE
Director of HGCapital and Executive Officer of London Office - HGcapital
Board of Directors Tenure

Average tenure and age of the HgCapital Trust board of directors in years:

9.4
Average Tenure
68.5
Average Age
  • The tenure for the HgCapital Trust board of directors is about average.
Board of Directors

Roger Mountford

TITLE
Chairman of the Board
COMPENSATION
£49K
AGE
70
TENURE
15 yrs

Richard Brooman

TITLE
Non-Executive Director
COMPENSATION
£39K
AGE
63
TENURE
12.5 yrs

Peter Dunscombe

TITLE
Non-Executive Director
AGE
69
TENURE
6.3 yrs

Anne West

TITLE
Senior Independent Director
AGE
68
TENURE
5.9 yrs

Jim Strang

TITLE
Director

Rob Lincoln

TITLE
Director of HGCapital and Executive Officer of London Office - HGcapital

Jill Ridley-Smith

TITLE
Director of HGCapital and Executive Officer of London Office - HGcapital
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Nov 19 Buy Guy Wakeley Individual 11. Nov 19 11. Nov 19 1,998 €2.90 €5,798
30. Oct 19 Buy Guy Wakeley Individual 28. Oct 19 28. Oct 19 58 €2.70 €157
14. Jun 19 Buy Guy Wakeley Individual 14. Jun 19 14. Jun 19 2,755 €2.43 €6,703
03. May 19 Buy Guy Wakeley Individual 01. May 19 01. May 19 70 €2.52 €177
X
Management checks
We assess HgCapital Trust'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. HgCapital Trust 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.

News

Simply Wall St News

Company Info

Description

HgCapital Trust plc 2017 specializes in direct, quoted and unquoted companies and fund of funds investments. The funds maximum exposure to unlisted investments is 100% of the gross assets and single investment in an unlisted company or closed-ended investments fund, whether made directly or indirectly, will exceed a maximum of 15% of gross assets. It primarily invests in middle-market buyouts across Technology, TMT, Services and Industrials Technology with enterprise values of between £80 million ($97.43 million) and £500 million ($608.95 million), lower mid-market buyouts in the TMT sector between £20 million ($24.35 million) and £80 million ($97.43 million). In direct investments in seeks to invest in middle market buyouts investment in hotels, restaurants, leisure, consumer durables and apparel, services, and renewable energy. The fund prefers to invest in Europe with a focus on Northern Europe, United Kingdom, Germany, France Benelux, and the Nordic region as well as some part of Europe. It seeks to invest between £100 million ($202.89 million) and £500 million ($1014.45 million) in its portfolio companies. For fund of funds investments it also invests in limited partnership vehicles managed by HgCapital. It prefers to take majority stake in companies.

Details
Name: HgCapital Trust plc
5AC
Exchange: DB
Founded:
£992,426,186
407,424,808
Website: http://www.hgcapitaltrust.com
Address: HgCapital Trust plc
2 More London Riverside,
London,
Greater London, SE1 2AP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HGT Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK HGCT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 5AC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
MUN 5AC Ordinary Shares Boerse Muenchen DE EUR 02. Jan 1992
LSE HGT Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
HgCapital Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 04:21
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/10
Last earnings filing: 2020/03/09
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.