Intermediate Capital Group (ICG)

Sector:

Financials

Index:

FTSE 100

2,314.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 2,394.00
  • 52 Week Low: 1,297.50
  • Currency: UK Pounds
  • Shares Issued: 290.63m
  • Volume: 285,692
  • Market Cap: £6,725m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 3.8% 6.4% 4.3% 3.0% 5.7%
           
Continuing Operations          
PE Ratio - Adjusted 12.6 15.7 9.7 11.5 23.5
PE Ratio - Diluted 12.8
12.8		 15.9
15.9		 9.9
9.7		 11.7
11.7		 23.9
23.9
PEG - Adjusted 0.1 n/a 0.6 0.0 n/a
PEG - Diluted 0.1
0.1		 n/a
n/a		 0.7
0.6		 0.0
0.0		 n/a
n/a
Return on Capital Employed 6.94%
6.69%		 3.86%
3.67%		 7.71%
7.71%		 0.08%
0.08%		 2.65%
2.65%
Operating Margin 58.88%
58.88%		 46.28%
46.28%		 63.03%
63.03%		 68.27%
68.27%		 41.78%
41.78%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.4 12.4 9.7 1,138.4 23.5
PE Ratio - Diluted 12.7
12.6		 12.5
12.6		 9.9
9.9		 1,158.6
1,158.5		 23.9
23.9
PEG - Adjusted 0.2 n/a 0.0 n/a n/a
PEG - Diluted 0.2
0.2		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing 219.81% 255.07% 254.91% 285.87% 317.70%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value 2.6 1.7 2.6 3.3 2.0
Price/Tangible Book Value 2.6 1.7 2.6 3.3 2.0
Price/ Cash Flow 23.0 11.9 21.0 47.3 8.5
Price/Revenue 6.19 5.44 5.21 627.55 6.17
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 798.50p 710.86p 692.11p 561.35p 450.82p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 949.60 639.00 982.10 8.37 413.60
EBITDA 603.00
603.00		 335.20
335.20		 637.10
637.10		 5.87
5.87		 172.80
172.80
Depreciation (43.90)
(43.90)		 (39.50)
(39.50)		 (18.10)
(18.10)		 (0.16)
(0.16)		 n/a
n/a
Net Interest (27.90)
(27.90)		 (49.10)
(49.10)		 (53.10)
(53.10)		 (0.57)
(0.57)		 (58.30)
(58.30)
Profit Before Tax 530.80
530.80		 251.00
251.00		 565.40
565.40		 5.14
5.14		 114.50
114.50
           
Revenue per Share 331.88p 223.73p 342.48p 2.94p 145.22p
Pre-Tax Profit per Share 185.51p
185.51p		 87.88p
87.88p		 197.17p
197.17p		 1.80p
1.80p		 40.20p
40.20p
Market Capitalisation £ (Millions) 6,046.26 3,582.02 5,254.47 5,420.57 2,637.32
Enterprise Value (EV) £ (Millions) 11,999.26 9,616.12 11,103.37 10,446.37 7,713.52
EBITDA/EV 5.03%
5.03%		 3.49%
3.49%		 5.74%
5.74%		 0.06%
0.06%		 2.24%
2.24%
Operating Margin 58.88%
58.88%		 46.28%
46.28%		 63.03%
63.03%		 68.27%
68.27%		 41.78%
41.78%
Capital Employed £ (Millions) 8,356.80 8,175.20 8,017.90 6,805.80 6,532.20
Return on Capital Employed 6.94%
6.69%		 3.86%
3.67%		 7.71%
7.71%		 0.08%
0.08%		 2.65%
2.65%
Invested Equity Capital £ (Millions) 2,324.30 2,055.30 1,986.90 1,618.00 1,311.20
           
Earnings per Share - Basic 163.40p
163.71p		 77.60p
77.59p		 183.70p
186.92p		 160.30p
160.30p		 38.20p
38.24p
Earnings per Share - Diluted 160.10p
160.41p		 76.60p
76.59p		 181.10p
184.22p		 157.50p
157.51p		 37.50p
37.47p
Earnings per Share - Adjusted 163.40p 77.60p 183.70p 160.30p 38.20p
Earnings per Share Growth - Basic 111%
111%		 -58%
-58%		 15%
17%		 320%
319%		 -40%
-40%
Earnings per Share Growth - Diluted 109%
109%		 -58%
-58%		 15%
17%		 320%
320%		 -41%
-41%
Earnings per Share Growth - Adjusted 111% -58% 15% 320% -60%
PE Ratio - Diluted 12.8
12.8		 15.9
15.9		 9.9
9.7		 11.7
11.7		 23.9
23.9
PEG - Diluted 0.1
0.1		 n/a
n/a		 0.7
0.6		 0.0
0.0		 n/a
n/a
Tax Rate 11.75% 11.92% 5.50% 9.52% 3.41%
Dividend Cover 2.07
2.07		 1.00
1.00		 2.42
2.46		 2.86
2.86		 0.75
0.75
Interest Cover 11.72
11.72		 4.89
4.89		 11.65
11.65		 9.97
9.97		 2.96
2.96
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 165.50p
165.80p		 98.20p
97.47p		 183.70p
183.71p		 1.62p
1.62p		 38.20p
38.24p
Earnings per Share - Diluted 162.10p
162.46p		 97.00p
96.23p		 181.10p
181.06p		 1.59p
1.59p		 37.50p
37.47p
Earnings per Share - Adjusted 165.50p 98.20p 183.70p 1.62p 38.20p
Earnings per Share Growth - Basic 68%
70%		 -46%
-47%		 11,253%
11,254%		 -96%
-96%		 -40%
-40%
Earnings per Share Growth - Diluted 67%
69%		 -46%
-47%		 11,291%
11,288%		 -96%
-96%		 -41%
-41%
Earnings per Share Growth - Adjusted 68% -46% 11,253% -96% -60%
PE Ratio - Diluted 12.7
12.6		 12.5
12.6		 9.9
9.9		 1,158.6
1,158.5		 23.9
23.9
PEG - Diluted 0.2
0.2		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 2.09
2.10		 1.27
1.26		 2.42
2.42		 0.03
0.03		 0.75
0.75
Return on Equity (ROE) 20.41%
20.41%		 13.55%
13.55%		 26.51%
26.51%		 0.29%
0.29%		 8.31%
8.31%
Operating Cash Flow per Share 89.44p 102.10p 84.88p 38.93p 105.65p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 15.69p (19.01p) 139.56p (1.69p) 245.11p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 79.00p 77.50p 76.00p 56.00p 50.80p
Dividend per Share Growth 1.94% 1.97% 35.71% 10.24% 12.89%
Dividend Yield 3.8% 6.4% 4.3% 3.0% 5.7%
Shareholders Funds 2,301.90 2,019.80 1,971.80 1,617.20 1,309.20
Net Borrowings £ (Millions) 5,059.70 5,151.90 5,026.30 4,623.10 4,159.30
Net Asset Value per Share (inc. Intangibles) 799.27p 701.96p 681.65p 559.59p 450.30p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 2,301.90 2,019.80 1,971.80 1,617.20 1,309.20
Net Borrowings £ (Millions) 5,059.70 5,151.90 5,026.30 4,623.10 4,159.30
Net Gearing 219.81% 255.07% 254.91% 285.87% 317.70%
Cash & Near Cash 990.00 957.50 991.80 581.20 1,086.90
Cash 43.01% 47.41% 50.30% 35.94% 83.02%
Gross Borrowings 6,049.70 6,109.40 6,018.10 5,204.30 5,246.20
Gross Gearing 262.81% 302.48% 305.21% 321.81% 400.72%
Borrowings Under 5 years 6,049.70 6,109.40 6,018.10 5,204.30 5,246.20
Under 5 years 262.81% 302.48% 305.21% 321.81% 400.72%
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-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles 2,286.90 2,004.90 1,954.70 1,595.70 1,282.50
Net Borrowings £ (Millions) 5,059.70 5,151.90 5,026.30 4,623.10 4,159.30
Net Gearing 221.25% 256.97% 257.14% 289.72% 324.31%
Cash & Near Cash 990.00 957.50 991.80 581.20 1,086.90
Cash 43.29% 47.76% 50.74% 36.42% 84.75%
Gross Borrowings 6,049.70 6,109.40 6,018.10 5,204.30 5,246.20
Gross Gearing 264.54% 304.72% 307.88% 326.15% 409.06%
Borrowings Under 5 years 6,049.70 6,109.40 6,018.10 5,204.30 5,246.20
Under 5 years 264.54% 304.72% 307.88% 326.15% 409.06%
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-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 1.77 2.24 1.78 1.58 2.33

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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