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Draper Esprit

AIM:GROW
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GROW
AIM
£557M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

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. The last earnings update was 161 days ago. More info.


Add to Portfolio Compare Print
  • Draper Esprit is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GROW Share Price and Events
7 Day Returns
4.9%
AIM:GROW
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
-14.2%
AIM:GROW
18.8%
GB Capital Markets
3.7%
GB Market
GROW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Draper Esprit (GROW) 4.9% -2.5% 0.2% -14.2% 33% -
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • GROW underperformed the Capital Markets industry which returned 18.8% over the past year.
  • GROW underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
GROW
Industry
5yr Volatility vs Market

Value

 Is Draper Esprit 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 Draper Esprit 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 Draper Esprit.

AIM:GROW 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
= £3.94 * 12.1%
£0.48
Book Value of Equity per Share Median Book Value from the past 5 years. £3.94
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:GROW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
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%))
0.835
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)
= 1.23% + (0.835 * 6.65%)
6.78%

Discounted Cash Flow Calculation for AIM:GROW using Excess Returns Model Model

The calculations below outline how an intrinsic value for Draper Esprit 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.

AIM:GROW Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.1% – 6.78%) * £3.94)
£0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.21 / (6.78% - 1.23%)
£3.76
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £3.94 + £3.76
£7.71
AIM:GROW Discount to Share Price
Calculation Result
Value per share (GBP) From above. £7.71
Current discount Discount to share price of £4.72
= -1 x (£4.72 - £7.71) / £7.71
38.7%

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

Current Discount
Amount off the current price Draper Esprit is available for.
Intrinsic value
39%
Share price is £4.72 vs Future cash flow value of £7.71
Current Discount Checks
For Draper Esprit to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Draper Esprit's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Draper Esprit'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 Draper Esprit's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Draper Esprit's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:GROW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £1.15
AIM:GROW Share Price ** AIM (2019-11-12) in GBP £4.72
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Draper Esprit.

AIM:GROW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:GROW Share Price ÷ EPS (both in GBP)

= 4.72 ÷ 1.15

4.1x

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

  • Draper Esprit is good value based on earnings compared to the GB Capital Markets industry average.
  • Draper Esprit is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Draper Esprit's expected growth come at a high price?
Raw Data
AIM:GROW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
11.4%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

AIM:GROW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.1x ÷ 11.4%

0.36x

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

  • Draper Esprit is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Draper Esprit's assets?
Raw Data
AIM:GROW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £5.24
AIM:GROW Share Price * AIM (2019-11-12) in GBP £4.72
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:GROW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:GROW Share Price ÷ Book Value per Share (both in GBP)

= 4.72 ÷ 5.24

0.9x

* Primary Listing of Draper Esprit.

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

  • Draper Esprit is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Draper Esprit'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. Draper Esprit 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 Draper Esprit expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
11.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Draper Esprit expected to grow at an attractive rate?
  • Draper Esprit's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Draper Esprit's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Draper Esprit's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:GROW Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:GROW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 11.4%
AIM:GROW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
AIM:GROW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:GROW Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 169 161 1
2021-03-31 142 135 1
2020-03-31 114 137 1
2019-11-12
AIM:GROW Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 121 -215 111
2018-12-31 107 -138 94
2018-09-30 93 -3 83
2018-06-30 84 -2 72
2018-03-31 74 -61 58
2017-12-31 54 -76 37
2017-09-30 34 -3 25
2017-06-30 36 -2 29
2017-03-31 37 -45 28
2016-09-30 27 0 26
2016-06-30 14 0 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Draper Esprit's earnings are expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
  • Draper Esprit's revenue is expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
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
AIM:GROW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Draper Esprit Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:GROW Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 1.37 1.37 1.37 1.00
2021-03-31 1.15 1.15 1.15 1.00
2020-03-31 1.17 1.17 1.17 1.00
2019-11-12
AIM:GROW Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 1.15
2018-12-31 1.08
2018-09-30 0.97
2018-06-30 0.92
2018-03-31 0.89
2017-12-31 0.71
2017-09-30 0.45
2017-06-30 0.60
2017-03-31 0.88
2016-09-30 0.64
2016-06-30 0.32

*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.
  • Draper Esprit is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Draper Esprit'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Draper Esprit has a total score of 2/6, 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 Draper Esprit 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 Draper Esprit'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.
  • Draper Esprit has delivered over 20% year on year earnings growth in the past 5 years.
  • Draper Esprit's 1-year earnings growth exceeds its 5-year average (91.4% vs 62.4%)
  • Draper Esprit's earnings growth has exceeded the GB Capital Markets industry average in the past year (91.4% vs 4.7%).
Earnings and Revenue History
Draper Esprit'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 Draper Esprit Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:GROW Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 120.82 110.58 11.07
2018-12-31 107.07 94.37 11.52
2018-09-30 93.32 82.57 7.56
2018-06-30 83.54 72.37 7.13
2018-03-31 73.77 57.77 11.11
2017-12-31 54.12 37.19 13.89
2017-09-30 34.47 25.47 7.82
2017-06-30 35.94 29.19 5.82
2017-03-31 37.42 28.49 8.26
2016-09-30 27.43 25.87 1.21
2016-06-30 14.30 13.03 0.61
2016-03-31 1.18 0.19
2015-09-30 2.51 0.26
2015-06-30 2.65 0.05
2015-03-31 2.80 -0.17
2014-03-31 3.17 -0.10
2013-03-31 3.78 0.38

*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.
  • Draper Esprit has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Draper Esprit used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Draper Esprit has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Draper Esprit'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.
Draper Esprit 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 Draper Esprit'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 Draper Esprit's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Draper Esprit is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Draper Esprit's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Draper Esprit'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.
  • Draper Esprit 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 Draper Esprit Company Filings, last reported 7 months ago.

AIM:GROW Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 618.57 0.00 50.36
2018-12-31 618.57 0.00 50.36
2018-09-30 449.92 0.00 103.82
2018-06-30 449.92 0.00 103.82
2018-03-31 300.51 0.00 56.64
2017-12-31 300.51 0.00 56.64
2017-09-30 266.80 0.00 92.04
2017-06-30 266.80 0.00 92.04
2017-03-31 139.87 0.00 24.89
2016-09-30 143.33 0.00 22.18
2016-06-30 143.33 0.00 22.18
2016-03-31 0.05 0.00
2015-09-30 2.89 0.00 0.83
2015-06-30 2.89 0.00 0.83
2015-03-31 2.77 0.00 0.52
2014-03-31 3.61 0.00 1.39
2013-03-31 4.36 0.00 2.52
  • Draper Esprit has no debt.
  • Draper Esprit has not taken on any debt in the past 5 years.
  • Draper Esprit has no debt, it does not need to be covered by operating cash flow.
  • Draper Esprit has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Draper Esprit'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. Draper Esprit 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 Draper Esprit'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
0%
Current annual income from Draper Esprit dividends. Estimated to be 0% next year.
If you bought £2,000 of Draper Esprit shares you are expected to receive £0 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?
  • Unable to evaluate Draper Esprit's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Draper Esprit's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AIM:GROW 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:GROW Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-11-12

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

  • Unable to perform a dividend volatility check as Draper Esprit has not reported any payouts.
  • Unable to verify if Draper Esprit's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Draper Esprit's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Draper Esprit has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Draper Esprit's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Draper Esprit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Draper Esprit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Draper Esprit has a total score of 0/6, 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 Draper Esprit'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.
CEO
Simon Cook
COMPENSATION £503,000
AGE 50
CEO Bio

Mr. Simon Christopher Cook is a Co-founder since 2005 and serves as Chief Executive Officer of Draper Esprit. He has been a Director of Draper Esprit since June 15, 2016. He serves as a Partner Shareholder at Elderstreet Investments Ltd. He serves on the Executive Board of Ledger SAS. Prior to this, he served as a Partner at Elderstreet Investments. Previously he served as a Partner at Cazenove Private Equity. He started his career as computer games developer. He was involved with Venture Capital industry since 1995 will number of successful startups including lovefilm, Cambridge silicon radio, virata, nCipher and KVS. Prior to this, he served as a Director at 3i, graze and crowdcube. He served as a Director of Huawei Technologies Research & Development Ltd. He is a Computer Science graduate from the University of Manchester Institute of Science and Technology.

CEO Compensation
  • Simon's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Simon's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Draper Esprit management team in years:

3.5
Average Tenure
48.5
Average Age
  • The tenure for the Draper Esprit management team is about average.
Management Team

Simon Cook

TITLE
Co-Founder
COMPENSATION
£503K
AGE
50

Stuart Chapman

TITLE
Co-Founder
COMPENSATION
£415K
AGE
49
TENURE
14.8 yrs

Ben Wilkinson

TITLE
CFO & Director
AGE
38
TENURE
3.1 yrs

Paula Darlison

TITLE
Group Administration Manager

Isabella Cookson

TITLE
Head of Marketing & Research
TENURE
3.8 yrs

Jonathan Freuchet-Sibilia

TITLE
Head of Secondary Investments
TENURE
2.9 yrs

Brian Caulfield

TITLE
Venture Partner

Richard Marsh

TITLE
Partner - Encore Ventures

David Cummings

TITLE
Venture Partner

Vishal Gulati

TITLE
Venture Partner
AGE
48
Board of Directors Tenure

Average tenure and age of the Draper Esprit board of directors in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Draper Esprit board of directors is about average.
Board of Directors

Karen Slatford

TITLE
Non-Executive Chairman
COMPENSATION
£80K
AGE
62
TENURE
3.4 yrs

Simon Cook

TITLE
Co-Founder
COMPENSATION
£503K
AGE
50
TENURE
3.4 yrs

Stuart Chapman

TITLE
Co-Founder
COMPENSATION
£415K
AGE
49
TENURE
3.4 yrs

Ben Wilkinson

TITLE
CFO & Director
AGE
38
TENURE
0.4 yrs

Grahame Cook

TITLE
Non-Executive Director
COMPENSATION
£40K
AGE
60
TENURE
3.4 yrs

Richard Pelly

TITLE
Non-Executive Director
COMPENSATION
£40K
AGE
63
TENURE
3.4 yrs

Crispin Payne

TITLE
Member of Advisory Board
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 (£)
26. Jul 19 Sell Simon Cook Individual 25. Jul 19 25. Jul 19 -275,000 £5.30 £-1,457,500
26. Jul 19 Sell Stuart Chapman Individual 25. Jul 19 25. Jul 19 -275,000 £5.30 £-1,457,500
X
Management checks
We assess Draper Esprit'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. Draper Esprit 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

How Do Analysts See Draper Esprit plc (LON:GROW) Performing Over The Next Few Years?

In March 2018, Draper Esprit plc (LON:GROW) released its most recent earnings announcement, whicha … indicated

Simply Wall St -

Is Draper Esprit plc's (LON:GROW) PE Ratio A Signal To Buy For Investors?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Draper Esprit plc (LON:GROW)’s fundamentals and stock market performance. … While this makes GROW appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Brief Commentary On Draper Esprit plc's (LON:GROW) Fundamentals

Draper Esprit plc (LON:GROW) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of GROW, it

Simply Wall St -

Does Draper Esprit plc's (LON:GROW) PE Ratio Signal A Buying Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GROW Price per share = £4.54 Earnings per share = £0.868 ∴ Price-Earnings Ratio = £4.54 ÷ £0.868 = 5.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to GROW, such as capital structure and profitability. … Since GROW's P/E of 5.2x is lower than its industry peers (15.2x), it means that investors are paying less than they should for each dollar of GROW's earnings.

Simply Wall St -

How Does Draper Esprit plc (LON:GROW) Compare To The Financial Sector?

Draper Esprit plc (AIM:GROW), a UK£326.55M small-cap, is a capital market firm operating in an industry, which has recently been facing serious existential threats resulting from potential disintermediation and disruption from new technology. … Draper Esprit lags the pack with its negative growth rate of -22.61% over the past year, which indicates the company will be growing at a slower pace than its capital markets peers. … On the stock-level, Draper Esprit is trading at a lower PE ratio of 9.04x, making it cheaper than the average capital markets stock.

Simply Wall St -

Where Draper Esprit plc (LON:GROW) Stands In Terms Of Earnings Growth Against Its Industry

View our latest analysis for Draper Esprit Did GROW beat its long-term earnings growth trend and its industry? … Let's see whether it is only due to an industry uplift, or if Draper Esprit has experienced some company-specific growth. … This means that any uplift the industry is deriving benefit from, Draper Esprit has not been able to reap as much as its average peer.What does this mean?

Simply Wall St -

April Top Undervalued Stocks To Look Out For

Undervalued companies, such as Draper Esprit and HML Holdings, are those that trade at a price below their actual values. … Also, HMLH’s PE ratio stands at around 12.63x relative to its index peer level of, 17.06x suggesting that relative to its comparable company group, HMLH’s stock can be bought at a cheaper price. … What’s even more appeal is that TBCG’s PE ratio is trading at around 9.42x relative to its Banks peer level of, 17.26x meaning that relative to its comparable company group, you can buy TBCG for a cheaper price.

Simply Wall St -

Draper Esprit plc (LON:GROW) Is Undervalued By 26%

Looking at factors such as book values, along with the return and cost of equity, can be fitting for gauging GROW’s value. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (13.7% – 9.01%) * £3.72 = £0.17 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.17 / (9.01% – 1.49%) = £2.32 Putting this all together, we get the value of GROW’s share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £3.72 + £2.32 = £6.04 Compared to the current share price of £4.48, GROW is currently priced below its intrinsic value.

Simply Wall St -

Is Draper Esprit plc's (LON:GROW) Future Growth Already Accounted For In Today's Price?

Draper Esprit plc (AIM:GROW) is considered a high growth stock. … Draper Esprit's extremely high growth potential in the near future is attracting investors. … A PE ratio of 9.59x and expected year-on-year earnings growth of 22.61% give Draper Esprit an extremely low PEG ratio of 0.42x.

Simply Wall St -

Who Are The Major Shareholders Of Draper Esprit plc (LON:GROW)?

For GROW shareholders, the potential of this type of share price volatility shouldn't be as concerning as hedge fund ownership is is not significant,indicating few chances of such sudden price moves. … Insider Ownership Another important group of shareholders are company insiders. … With 7.68% ownership, GROW insiders is an important ownership type.

Simply Wall St -

Company Info

Description

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.

Details
Name: Draper Esprit plc
GROW
Exchange: AIM
Founded: 1984
£556,608,218
117,925,470
Website: http://www.draperesprit.com
Address: Draper Esprit plc
20 Garrick Street,
London,
Greater London, WC2E 9BT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM GROW Ordinary Shares London Stock Exchange AIM Market GB GBP 15. Jun 2016
OTCPK GRWX.F Ordinary Shares Pink Sheets LLC US USD 15. Jun 2016
ISE GRW Ordinary Shares Irish Stock Exchange IE EUR 15. Jun 2016
Number of employees
Current staff
Staff numbers
28
Draper Esprit employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 21:44
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/04
Last earnings filing: 2019/06/04
Last earnings reported: 2019/03/31
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.