TP ICAP PLC
LSE:TCAP

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TP ICAP PLC Logo
TP ICAP PLC
LSE:TCAP
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Price: 312.4 GBX 1.3% Market Closed
Market Cap: £2.3B

P/OCF

12.2
Current
115%
More Expensive
vs 3-y average of 5.7

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
12.2
=
Market Cap
GBX2.3B
/
Operating Cash Flow
£191m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
12.2
=
Market Cap
GBX2.3B
/
Operating Cash Flow
£191m

Valuation Scenarios

TP ICAP PLC is trading above its 3-year average

If P/OCF returns to its 3-Year Average (5.7), the stock would be worth GBX145.41 (53% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-99%
Maximum Upside
No Upside Scenarios
Average Downside
72%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 12.2 GBX312.4
0%
3-Year Average 5.7 GBX145.41
-53%
5-Year Average 7.6 GBX195.6
-37%
Industry Average 0.1 GBX3.74
-99%
Country Average 0.1 GBX2.82
-99%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close

Market Distribution

Higher than 96% of companies in United Kingdom
Percentile
96th
Based on 2 384 companies
96th percentile
12.2
Low
0 — 0.1
Typical Range
0.1 — 0.2
High
0.2 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0.1
Median 0.1
70th Percentile 0.2
Max 2 143.8

TP ICAP PLC
Glance View

Market Cap
2.3B GBX
Industry
Financial Services

TP ICAP PLC stands at the intersection of finance and commerce, operating as a leading interdealer broker that plays a pivotal role in global markets. Established from the merger of Tullett Prebon and ICAP's voice-broking business, the company serves as a conduit for energy and commodities trading, making its profits by facilitating transactions between investment banks, hedge funds, and other sophisticated trading entities. TP ICAP's brokering operations involve matching buyers and sellers in financial markets, providing liquidity and price discovery in areas such as equities, fixed income, and derivatives. By leveraging its extensive network and market insights, the company earns commissions on the trades it brokers, forming the cornerstone of its revenue model. In addition to its core brokerage services, TP ICAP has diversified its business through data and analytics solutions, recognizing the surging demand for high-quality market data and cutting-edge analytical tools. These services offer clients valuable insights and trends, which are essential for informed trading strategies and risk management. Empowering clients with this data expertise not only enhances TP ICAP's value proposition but also provides a steady revenue stream beyond the often-volatile broking commissions. As financial markets become increasingly interconnected and complex, TP ICAP's blend of traditional brokering and modern data solutions positions it uniquely within the finance sector, continuously adapting to the needs of a fast-evolving marketplace.

TCAP Intrinsic Value
658.82 GBX
Undervaluation 53%
Intrinsic Value
Price GBX312.4
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