Added to YB: 2026-06-25
Pitch date: 2026-06-23
DFCH.L [bullish]
Distribution Finance Capital Holdings plc
Author Info
Welfare Capital Research is a generalist investing in quality businesses with unique, in-demand services and attractive match-ups against competition. Sign up for the newsletter.
Company Info
Distribution Finance Capital Holdings plc, an investment holding company, personal savings and commercial lending banking business in the United Kingdom.
Market Cap
GBP 93.5M
Pitch Price
N/A
Price Target
0.97 (+72%)
Dividend
N/A
EV/EBITDA
N/A
P/E
6.79
EV/Sales
N/A
Sector
Financial Services
Category
value
Distribution Finance Capital Holdings ($DFCH.L)
DFCH.L: Profitable, fast-growing UK AIM-listed bank at 0.81x TBV, 6.8x TTM P/E, 12.5% ROTCE rising to mid-teens by 2028. 85% short-term, 99.7% collateralized inventory finance (motorhomes/caravans/marine/ag) at ~85% LTV; 60% mfr repurchase agreements. 28% loan CAGR, self-funded to £1.5Bn by 2030, 18% CET1. Buybacks at discount, 2028 dividend planned. 33% upside to TBV, ~70% to 1.3x P/B. Risks: cyclicality, new asset finance push, dealer blow-ups (RoyaleLife). Illiquid, overlooked small cap.
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