Added to YB: 2025-05-06
Pitch date: 2025-05-05
TCAP.L [bullish]
TP ICAP Group PLC
-1.78%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
Market Cap
GBP 2.0B
Pitch Price
GBP 2.56
Price Target
N/A
Dividend
6.24%
EV/EBITDA
N/A
P/E
12.11
EV/Sales
N/A
Sector
Capital Markets
Category
value
Put a TCAP in your Earth
TCAP.L: Global broker trading 11.7x P/E vs BGC's 36x. 2024 showed £346m FCF (144% conversion), Fusion platform usage +2.6x. AWS partnership accelerating development with 45 engineers. 4 segments: Broking (57% rev), Energy/Commodities (+2% YoY), Liquidnet (6x profit improvement), Parameta (data/analytics). Thrives in volatility; £50m cost savings targeted by 2027.
Read full article (8 min)