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ICAP(IAP)

Sector:

General Financial

Index:

FTSE 100

Market Cap

£3,880.37m

Change Today

Price Down-1.50p

Share Price

598.50p

ICAP Overview

ICAP was formed following the merger of Garban and Intercapital in 1999. The company is now a global wholesale broking business in the derivatives, securities and money markets, providing services to both commercial banks and investment banks and other providers of liquidity in the financial markets.

1 Day Chart (12-May-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 2.1% 2.5%
Div Cover 2.0 2.0
Op Mrgn 19.1% 25.3%
ROCE 60.3%  

Valuation

Latest F'cast
P/E 24.3 19.2
PEG 1.7 0.7
Pr/Revenue 3.5 3.1
Pr/Book 4.9  

Growth

Latest F'cast
Revenue 20.4% 14.8%
PBT 10.8% 50.2%
EPS 14.4% 26.4%
DPS 23.0% 23.5%

ICAP Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-03 a664.30 a117.50 3.10p 61.6 n/a -73% 6.00p 3.1%
31-Mar-04 a801.40 a130.50 18.40p 15.5 0.0 +494% 7.40p 2.6%
31-Mar-05 812.70 166.80 19.40p 14.1 2.8 +5% 8.25p 3.0%
31-Mar-06 919.20 193.00 21.50p 20.8 1.9 +11% 10.00p 2.2%
31-Mar-07 1,106.30 213.80 24.60p 21.6 1.5 +14% 12.30p 2.3%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

ICAP Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-08 1,270.43 321.17 31.08p 19.3 0.7 +26% 15.19p 2.5%
31-Mar-09 1,446.66 371.02 35.89p 16.7 1.1 +16% 18.11p 3.0%
31-Mar-10 1,589.17 414.65 42.37p 14.1 0.8 +18% 22.43p 3.7%

Covering analysts: Bank of America Securities, Citigroup Investment Research, Daniel Stewart & Company Plc, Goldman Sachs, Merrill Lynch, Numis Securities, Oriel Securities, Shore Capital Stockbrokers, UBS

ICAP Company Announcements

ICAP's volumes grow in April 07-May-2008 11:07 RNS
Total Voting Rights 01-May-2008 15:30 RNS
Treasury Stock 15-Apr-2008 12:30 RNS

ICAP ShareCast News

ICAP's April volumes up sharply year-on-year 07-May-2008 ShareCast
London close: Footsie nears 6,100 25-Apr-2008 ShareCast
London afternoon: Shares coast higher 25-Apr-2008 ShareCast

ICAP Top Newspaper Links

Michael Spencer in talks over slice of Bear Stea... 28-Apr-2008 Times
ICAP's derivatives play with Link purchase 07-Apr-2008 Telegraph
Icap sails ahead on financial crisis tail wind 20-Mar-2008 Telegraph

Latest ICAP Director Deals

No deals were found in the last 28 days.

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

ICAP Market Data

Currency UK Pounds
Share Price 598.50p Price Down
Change Today -1.50p
52 Week High 728.00p
52 Week Low 454.50p
Volume 3,452,884
Shares Issued 648.35m
Market Cap £3,880.37m
Beta 1.50
RiskGrade 248

ICAP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.15% below the market average95.15% below the market average95.15% below the market average95.15% below the market average95.15% below the market average
98.27% below the sector average98.27% below the sector average98.27% below the sector average98.27% below the sector average98.27% below the sector average
Price Trend
71.99% above the market average71.99% above the market average71.99% above the market average71.99% above the market average71.99% above the market average
79.15% above the sector average79.15% above the sector average79.15% above the sector average79.15% above the sector average79.15% above the sector average
Income
60.22% below the market average60.22% below the market average60.22% below the market average60.22% below the market average60.22% below the market average
85.42% below the sector average85.42% below the sector average85.42% below the sector average85.42% below the sector average85.42% below the sector average
Growth
34.81% below the market average34.81% below the market average34.81% below the market average34.81% below the market average34.81% below the market average
77.4% below the sector average77.4% below the sector average77.4% below the sector average77.4% below the sector average77.4% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ICAP Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Jan-08 25-Jul-07
Paid 22-Feb-08 24-Aug-07
Amount 3.70p 9.30p

Trades for 12-May-2008

Time Volume / Share Price
16:55 1,000,000 @ 599.94p
16:35 134,219 @ 598.50p
16:29 76 @ 597.50p
16:29 100 @ 597.50p
16:28 500 @ 597.00p

ICAP Key Personnel

CEO Michael A Spencer
COO Mark Yallop
Finance Director Matthew Lester