Polar Capital Technology Trust (PCT)

Sector:

Investment Firms

Index:

FTSE 250

3,045.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 3,075.00
  • 52 Week Low: 2,065.00
  • Currency: UK Pounds
  • Shares Issued: 120.44m
  • Volume: 120,616
  • Market Cap: £3,667.35m
  • RiskGrade: 110

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - 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		 n/a
n/a
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 (19.27%)
(19.27%)		 (86.42%)
(86.42%)		 (38.78%)
(38.78%)		 (14.83%)
(14.83%)		 (28.51%)
(28.51%)
           
Continuing & Discontinued Operations          
PE Ratio - 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		 n/a
n/a
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 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Net Gearing (6.66%) (8.50%) (4.74%) (3.88%) (7.26%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Price/Book Value 0.9 0.9 0.9 1.0 0.9
Price/Tangible Book Value 0.9 0.9 0.9 1.0 0.9
Price/ Cash Flow 65.2 15.4 89.1 (36.3) 25.1
Price/Revenue 155.36 173.52 17,664.04 150.64 151.44
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 2,185.41p 2,260.25p 2,489.26p 1,724.92p 1,446.44p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Continuing Operations          
Revenue 16.16 15.87 0.18 15.76 11.97
EBITDA (3.11)
(3.11)		 (13.72)
(13.72)		 (0.07)
(0.07)		 (2.34)
(2.34)		 (3.41)
(3.41)
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest (1.60)
(1.60)		 (0.97)
(0.97)		 (0.01)
(0.01)		 (1.26)
(1.26)		 (1.09)
(1.09)
Profit Before Tax (4.71)
(4.71)		 (14.69)
(14.69)		 (0.08)
(0.08)		 (3.60)
(3.60)		 (4.50)
(4.50)
           
Revenue per Share 12.49p 11.76p 0.13p 11.78p 8.94p
Pre-Tax Profit per Share (3.64p)
(3.64p)		 (10.88p)
(10.88p)		 (0.059p)
(0.059p)		 (2.69p)
(2.69p)		 (3.36p)
(3.36p)
Market Capitalisation £ (Millions) 2,449.94 2,700.07 3,227.92 2,387.20 1,811.99
Enterprise Value (EV) £ (Millions) 2,497.83 2,745.34 3,278.25 2,440.74 1,865.85
EBITDA/EV (0.12%)
(0.12%)		 (0.50%)
(0.50%)		 n/a
n/a		 (0.10%)
(0.10%)		 (0.18%)
(0.18%)
Operating Margin (19.27%)
(19.27%)		 (86.42%)
(86.42%)		 (38.78%)
(38.78%)		 (14.83%)
(14.83%)		 (28.51%)
(28.51%)
Capital Employed £ (Millions) 2,878.99 3,103.02 3,463.35 2,365.62 1,989.72
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) 2,828.14 3,050.99 3,408.76 2,308.60 1,935.65
           
Earnings per Share - Basic (5.30p)
(5.30p)		 (12.36p)
(12.36p)		 (7.65p)
(7.64p)		 (4.06p)
(4.06p)		 (4.73p)
(4.73p)
Earnings per Share - Diluted (5.30p)
(5.30p)		 (12.36p)
(12.36p)		 (7.65p)
(7.64p)		 (4.06p)
(4.06p)		 (4.73p)
(4.73p)
Earnings per Share - Adjusted (5.30)p (12.36)p (7.65)p (4.06)p (4.73)p
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		 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
Tax Rate (45.59%) (13.62%) (30.26%) (50.94%) (40.59%)
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Interest Cover (1.95)
(1.95)		 (14.10)
(14.10)		 (7.07)
(7.07)		 (1.86)
(1.86)		 (3.13)
(3.13)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (5.30p)
(5.30p)		 (12.36p)
(12.36p)		 (0.077p)
(0.077p)		 (4.06p)
(4.06p)		 (4.73p)
(4.73p)
Earnings per Share - Diluted (5.30p)
(5.30p)		 (12.36p)
(12.36p)		 (0.077p)
(0.077p)		 (4.06p)
(4.06p)		 (4.73p)
(4.73p)
Earnings per Share - Adjusted (5.30p) (12.36p) (0.077p) (4.06p) (4.73p)
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		 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
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Equity (ROE) (0.24%)
(0.24%)		 (0.55%)
(0.55%)		 n/a
n/a		 (0.24%)
(0.24%)		 (0.33%)
(0.33%)
Operating Cash Flow per Share 29.75p 132.68p 26.52p (48.84p) 54.01p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (61.42p) 59.39p 0.56p (41.89p) 66.54p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a n/a n/a
Dividend per Share Growth n/a n/a n/a n/a n/a
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Shareholders Funds 2,828.14 3,050.99 3,408.76 2,308.60 1,935.65
Net Borrowings £ (Millions) (188.25) (259.33) (161.62) (89.65) (140.47)
Net Asset Value per Share (inc. Intangibles) 2,185.41p 2,260.25p 2,489.26p 1,724.92p 1,446.44p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Shareholders' Funds inc Intangibles 2,828.14 3,050.99 3,408.76 2,308.60 1,935.65
Net Borrowings £ (Millions) (188.25) (259.33) (161.62) (89.65) (140.47)
Net Gearing (6.66%) (8.50%) (4.74%) (3.88%) (7.26%)
Cash & Near Cash 239.10 311.36 216.21 146.68 194.54
Cash 8.45% 10.21% 6.34% 6.35% 10.05%
Gross Borrowings 50.85 52.03 54.58 57.02 54.08
Gross Gearing 1.80% 1.71% 1.60% 2.47% 2.79%
Borrowings Under 5 years 50.85 52.03 54.58 57.02 54.08
Under 5 years 1.80% 1.71% 1.60% 2.47% 2.79%
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 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Shareholders' Funds exc Intangibles 2,828.14 3,050.99 3,408.76 2,308.60 1,935.65
Net Borrowings £ (Millions) (188.25) (259.33) (161.62) (89.65) (140.47)
Net Gearing (6.66%) (8.50%) (4.74%) (3.88%) (7.26%)
Cash & Near Cash 239.10 311.36 216.21 146.68 194.54
Cash 8.45% 10.21% 6.34% 6.35% 10.05%
Gross Borrowings 50.85 52.03 54.58 57.02 54.08
Gross Gearing 1.80% 1.71% 1.60% 2.47% 2.79%
Borrowings Under 5 years 50.85 52.03 54.58 57.02 54.08
Under 5 years 1.80% 1.71% 1.60% 2.47% 2.79%
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 30-Apr-23 30-Apr-22 30-Apr-21 30-Apr-20 30-Apr-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 11.02 3.19 6.46 1.84 5.12
Interest Cover (1.95)
(1.95)		 (14.10)
(14.10)		 (7.07)
(7.07)		 (1.86)
(1.86)		 (3.13)
(3.13)

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.

 

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