Plus500 Ltd (DI) (PLUS)

Sector:

Financials

Index:

FTSE 250

2,214.00p
   
  • Change Today:
    -18.00p
  • 52 Week High: 2,252.00
  • 52 Week Low: 1,286.00
  • Currency: UK Pounds
  • Shares Issued: 77.45m
  • Volume: 167,191
  • Market Cap: £1,714.66m

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 3.8% 3.7% 5.7% 8.2% 5.8%
           
Continuing Operations          
PE Ratio - Adjusted 6.6 6.0 5.6 3.9 8.3
PE Ratio - Diluted 6.7
6.7		 6.0
6.0		 5.6
5.6		 3.9
3.9		 8.3
8.3
PEG - Adjusted n/a 0.2 n/a 0.0 n/a
PEG - Diluted n/a
n/a		 0.3
0.3		 n/a
n/a		 0.0
0.0		 n/a
n/a
Return on Capital Employed 48.98%
48.98%		 59.71%
59.71%		 0.61%
0.61%		 91.31%
91.31%		 65.60%
65.60%
Operating Margin 46.32%
46.32%		 54.10%
54.10%		 53.51%
53.51%		 58.87%
58.87%		 53.62%
53.62%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.6 6.0 554.6 3.9 8.3
PE Ratio - Diluted 6.7
6.7		 6.0
6.0		 556.4
557.2		 3.9
3.9		 8.3
8.3
PEG - Adjusted n/a 0.0 n/a 0.0 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0		 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 n/a n/a n/a n/a n/a

  $ (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 n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 771.48¢ 762.29¢ 624.21¢ 523.72¢ 252.62¢
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 726.20 832.60 7.25 872.50 354.50
EBITDA 340.50
340.50		 453.80
453.80		 3.91
3.91		 513.60
513.60		 190.10
190.10
Depreciation (4.10)
(4.10)		 (3.40)
(3.40)		 (0.03)
(0.03)		 n/a
n/a		 n/a
n/a
Net Interest (0.20)
(0.20)		 23.90
23.90		 0.02
0.02		 9.70
9.70		 (0.80)
(0.80)
Profit Before Tax 336.20
336.20		 474.30
474.30		 3.90
3.90		 523.30
523.30		 189.30
189.30
           
Revenue per Share 846.93¢ 855.60¢ 7.15¢ 822.44¢ 315.22¢
Pre-Tax Profit per Share 392.10¢
392.10¢		 487.40¢
487.40¢		 3.84¢
3.84¢		 493.28¢
493.28¢		 168.33¢
168.33¢
Market Capitalisation $ (Millions) 1,325.71 1,691.71 1,363.56 1,500.05 1,017.91
Enterprise Value (EV) $ (Millions) 1,344.11 1,697.31 1,369.76 1,500.85 1,020.81
EBITDA/EV 25.33%
25.33%		 26.74%
26.74%		 0.29%
0.29%		 34.22%
34.22%		 18.62%
18.62%
Operating Margin 46.32%
46.32%		 54.10%
54.10%		 53.51%
53.51%		 58.87%
58.87%		 53.62%
53.62%
Capital Employed $ (Millions) 686.80 754.30 639.50 562.50 289.80
Return on Capital Employed 48.98%
48.98%		 59.71%
59.71%		 0.61%
0.61%		 91.31%
91.31%		 65.60%
65.60%
Invested Equity Capital $ (Millions) 706.70 787.40 661.30 555.60 284.10
           
Earnings per Share - Basic 317.00¢
316.52¢		 381.00¢
380.63¢		 306.00¢
306.14¢		 471.00¢
471.41¢		 135.00¢
134.89¢
Earnings per Share - Diluted 312.00¢
312.37¢		 377.00¢
376.98¢		 305.00¢
304.55¢		 471.00¢
470.47¢		 135.00¢
134.89¢
Earnings per Share - Adjusted 317.00¢ 381.00¢ 306.00¢ 471.00¢ 135.00¢
Earnings per Share Growth - Basic -17%
-17%		 24%
24%		 -35%
-35%		 249%
250%		 -60%
-60%
Earnings per Share Growth - Diluted -17%
-17%		 24%
24%		 -35%
-35%		 249%
249%		 -60%
-60%
Earnings per Share Growth - Adjusted -17% 24% -35% 249% -60%
PE Ratio - Diluted 6.7
6.7		 6.0
6.0		 5.6
5.6		 3.9
3.9		 8.3
8.3
PEG - Diluted n/a
n/a		 0.3
0.3		 n/a
n/a		 0.0
0.0		 n/a
n/a
Tax Rate 19.27% 21.91% 19.62% 4.43% 19.86%
Dividend Cover 3.94
3.94		 4.54
4.53		 3.16
3.16		 3.15
3.15		 2.08
2.07
Interest Cover 48.35
48.35		 28.26
28.26		 45.93
45.93		 76.84
76.84		 26.24
26.24
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 317.00¢
316.52¢		 381.00¢
380.63¢		 3.09¢
3.09¢		 471.00¢
471.41¢		 135.00¢
134.89¢
Earnings per Share - Diluted 312.00¢
312.37¢		 377.00¢
376.98¢		 3.08¢
3.07¢		 471.00¢
470.47¢		 135.00¢
134.89¢
Earnings per Share - Adjusted 317.00¢ 381.00¢ 3.09¢ 471.00¢ 135.00¢
Earnings per Share Growth - Basic -17%
-17%		 12,235%
12,218%		 -99%
-99%		 249%
250%		 -60%
-60%
Earnings per Share Growth - Diluted -17%
-17%		 12,146%
12,163%		 -99%
-99%		 249%
249%		 -60%
-60%
Earnings per Share Growth - Adjusted -17% 12,235% -99% 249% -60%
PE Ratio - Diluted 6.7
6.7		 6.0
6.0		 556.4
557.2		 3.9
3.9		 8.3
8.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 3.94
3.94		 4.54
4.53		 0.03
0.03		 3.15
3.15		 2.08
2.07
Return on Equity (ROE) 38.40%
38.40%		 47.04%
47.04%		 0.47%
0.47%		 90.01%
90.01%		 53.40%
53.40%
Operating Cash Flow per Share 406.91¢ 466.65¢ 399.68¢ 498.37¢ 113.19¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (31.61¢) 192.89¢ 1.60¢ 279.21¢ (20.36¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 80.36¢ 83.94¢ 96.98¢ 149.53¢ 65.01¢
Dividend per Share Growth (4.26%) (13.45%) (35.14%) 130.01% (67.46%)
Dividend Yield 3.8% 3.7% 5.7% 8.2% 5.8%
Shareholders Funds 699.80 780.50 661.30 555.60 284.10
Net Borrowings $ (Millions) (888.30) (924.60) (743.30) (587.00) (287.20)
Net Asset Value per Share (inc. Intangibles) 771.48¢ 762.29¢ 624.21¢ 523.72¢ 252.62¢

  $ (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 699.80 780.50 661.30 555.60 284.10
Net Borrowings $ (Millions) (888.30) (924.60) (743.30) (587.00) (287.20)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 906.70 930.20 749.50 593.90 292.90
Cash 129.57% 119.18% 113.34% 106.89% 103.10%
Gross Borrowings 18.40 5.60 6.20 6.90 5.70
Gross Gearing 2.63% 0.72% 0.94% 1.24% 2.01%
Borrowings Under 5 years 18.40 5.60 6.20 6.90 5.70
Under 5 years 2.63% 0.72% 0.94% 1.24% 2.01%
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 661.50 741.80 633.30 555.60 284.10
Net Borrowings $ (Millions) (888.30) (924.60) (743.30) (587.00) (287.20)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 906.70 930.20 749.50 593.90 292.90
Cash 137.07% 125.40% 118.35% 106.89% 103.10%
Gross Borrowings 18.40 5.60 6.20 6.90 5.70
Gross Gearing 2.78% 0.75% 0.98% 1.24% 2.01%
Borrowings Under 5 years 18.40 5.60 6.20 6.90 5.70
Under 5 years 2.78% 0.75% 0.98% 1.24% 2.01%
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 3.30 4.37 4.98 10.61 10.72

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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