RIT Capital Partners (RCP)

Sector:

Investment Firms

Index:

FTSE 250

1,828.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 2,010.00
  • 52 Week Low: 1,718.00
  • Currency: UK Pounds
  • Shares Issued: 146.01m
  • Volume: 81,546
  • Market Cap: £2,669.10m
  • RiskGrade: 88

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.0% 1.7% 1.3% 1.7% 1.6%
           
Continuing Operations          
PE Ratio - Adjusted n/a n/a n/a n/a 257.9
PE Ratio - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 257.9
258.1
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 12.31%
12.31%		 (34.83%)
(34.83%)		 (79.39%)
(79.39%)		 9.25%
9.25%		 40.38%
40.38%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a n/a n/a 257.9
PE Ratio - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 257.9
258.1
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 2.22% 4.19% 1.97% 2.16% 4.95%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.8 0.9 1.0 0.9 1.0
Price/Tangible Book Value 0.8 0.9 1.0 0.9 1.0
Price/ Cash Flow 10.0 101.9 82.9 20.7 24.2
Price/Revenue 90.80 124.79 25,774.32 142.18 78.70
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 2,278.89p 2,373.53p 2,812.49p 2,297.12p 2,032.04p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 32.50 26.70 0.17 22.70 41.60
EBITDA 4.30
4.30		 (8.90)
(8.90)		 (0.13)
(0.13)		 2.50
2.50		 16.80
16.80
Depreciation (0.30)
(0.30)		 (0.40)
(0.40)		 n/a
n/a		 (0.40)
(0.40)		 n/a
n/a
Net Interest (6.90)
(6.90)		 (5.00)
(5.00)		 (0.04)
(0.04)		 (3.30)
(3.30)		 (4.10)
(4.10)
Profit Before Tax (2.90)
(2.90)		 (14.30)
(14.30)		 (0.17)
(0.17)		 (1.20)
(1.20)		 12.70
12.70
           
Revenue per Share 20.73p 17.03p 0.11p 14.52p 26.87p
Pre-Tax Profit per Share (1.85p)
(1.85p)		 (9.12p)
(9.12p)		 (0.11p)
(0.11p)		 (0.77p)
(0.77p)		 8.20p
8.20p
Market Capitalisation £ (Millions) 2,951.88 3,333.02 4,313.32 3,238.91 3,317.34
Enterprise Value (EV) £ (Millions) 3,170.08 3,645.02 4,689.42 3,555.91 3,483.84
EBITDA/EV 0.14%
0.14%		 (0.24%)
(0.24%)		 n/a
n/a		 0.07%
0.07%		 0.48%
0.48%
Operating Margin 12.31%
12.31%		 (34.83%)
(34.83%)		 (79.39%)
(79.39%)		 9.25%
9.25%		 40.38%
40.38%
Capital Employed £ (Millions) 3,860.00 4,097.50 4,805.10 3,965.80 3,363.90
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 3,576.30 3,723.70 4,392.60 3,591.50 3,147.00
           
Earnings per Share - Basic (1.90p)
(1.85p)		 (9.20p)
(9.12p)		 (11.10p)
(11.08p)		 (0.80p)
(0.77p)		 8.20p
8.20p
Earnings per Share - Diluted (1.90p)
(1.85p)		 (9.20p)
(9.12p)		 (11.00p)
(10.98p)		 (0.80p)
(0.76p)		 8.20p
8.19p
Earnings per Share - Adjusted (1.90)p (9.20)p (11.10)p (0.80)p 8.20p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a n/a
PE Ratio - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 257.9
258.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate n/a n/a (1.17%) n/a n/a
Dividend Cover (0.05)
(0.05)		 (0.25)
(0.25)		 (0.31)
(0.31)		 (0.02)
(0.02)		 0.24
0.24
Interest Cover 0.58
0.58		 (1.86)
(1.86)		 (3.28)
(3.28)		 0.64
0.64		 4.10
4.10
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (1.90p)
(1.85p)		 (9.20p)
(9.12p)		 (0.11p)
(0.11p)		 (0.80p)
(0.77p)		 8.20p
8.20p
Earnings per Share - Diluted (1.90p)
(1.85p)		 (9.20p)
(9.12p)		 (0.11p)
(0.11p)		 (0.80p)
(0.76p)		 8.20p
8.19p
Earnings per Share - Adjusted (1.90p) (9.20p) (0.11p) (0.80p) 8.20p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a n/a n/a n/a
PE Ratio - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 257.9
258.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover (0.05)
(0.05)		 (0.25)
(0.25)		 n/a
n/a		 (0.02)
(0.02)		 0.24
0.24
Return on Equity (ROE) (0.08%)
(0.08%)		 (0.38%)
(0.38%)		 n/a
n/a		 (0.03%)
(0.03%)		 0.40%
0.40%
Operating Cash Flow per Share 187.63p 20.86p 33.18p 99.74p 87.53p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.84p) (71.81p) 0.14p 152.66p (96.51p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 38.00p 37.00p 35.25p 35.00p 34.00p
Dividend per Share Growth 2.70% 4.96% 0.71% 2.94% 3.03%
Dividend Yield 2.0% 1.7% 1.3% 1.7% 1.6%
Shareholders Funds 3,573.30 3,721.70 4,390.30 3,590.40 3,145.60
Net Borrowings £ (Millions) 79.40 155.80 86.60 77.50 155.80
Net Asset Value per Share (inc. Intangibles) 2,278.89p 2,373.53p 2,812.49p 2,297.12p 2,032.04p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 3,573.30 3,721.70 4,390.30 3,590.40 3,145.60
Net Borrowings £ (Millions) 79.40 155.80 86.60 77.50 155.80
Net Gearing 2.22% 4.19% 1.97% 2.16% 4.95%
Cash & Near Cash 204.30 218.00 325.90 296.80 61.10
Cash 5.72% 5.86% 7.42% 8.27% 1.94%
Gross Borrowings 283.70 373.80 412.50 374.30 216.90
Gross Gearing 7.94% 10.04% 9.40% 10.43% 6.90%
Borrowings Under 5 years 283.70 373.80 412.50 374.30 216.90
Under 5 years 7.94% 10.04% 9.40% 10.43% 6.90%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 3,573.30 3,721.70 4,390.30 3,590.40 3,145.60
Net Borrowings £ (Millions) 79.40 155.80 86.60 77.50 155.80
Net Gearing 2.22% 4.19% 1.97% 2.16% 4.95%
Cash & Near Cash 204.30 218.00 325.90 296.80 61.10
Cash 5.72% 5.86% 7.42% 8.27% 1.94%
Gross Borrowings 283.70 373.80 412.50 374.30 216.90
Gross Gearing 7.94% 10.04% 9.40% 10.43% 6.90%
Borrowings Under 5 years 283.70 373.80 412.50 374.30 216.90
Under 5 years 7.94% 10.04% 9.40% 10.43% 6.90%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 1.84 1.69 1.50 1.75 2.54

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page