Company Valuation: Funding Circle Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 398.6 194.4 141.5 437.1 399.2 707.3 - -
Change - -51.22% -27.22% 208.91% -8.66% 77.16% - -
Enterprise Value (EV) 1 259.1 -6.091 -41.62 249.5 246.8 524 484 426.1
Change - -102.35% -583.21% 699.41% -1.05% 112.28% -7.63% -11.96%
P/E 7x -27.5x -3.6x 58.3x 9.03x 24.7x 17.3x 14x
PBR 1.37x 0.73x 0.55x 2.12x 1.69x 2.86x 2.55x 2.15x
PEG - 0x -0x -0x 0x -0.8x 0.4x 0.6x
Capitalization / Revenue 1.93x 1.31x 0.87x 2.73x 1.95x 2.73x 2.49x 2.23x
EV / Revenue 1.25x -0.04x -0.26x 1.56x 1.21x 2.02x 1.7x 1.34x
EV / EBITDA 2.82x -0.9x 10.7x 10.2x 7.86x 9.67x 7.01x 5.36x
EV / EBIT 4.04x 0.41x 1.06x 312x 6.39x 12.4x 8.72x 6.3x
EV / FCF 2.86x - 1.58x - -5.7x 12.4x 8.48x 6.4x
FCF Yield 35% - 63.2% - -17.5% 8.07% 11.8% 15.6%
Dividend per Share 2 - - - - - 0.00533 0.0323 0.0403
Rate of return - - - - - 0.22% 1.32% 1.65%
EPS 2 0.16 -0.02 -0.111 0.023 0.14 0.099 0.1417 0.1748
Distribution rate - - - - - 5.38% 22.8% 23.1%
Net sales 1 206.9 148.7 162.2 160.1 204.3 258.9 284.1 317.3
EBITDA 1 91.8 6.8 -3.9 24.5 31.4 54.2 69.01 79.54
EBIT 1 64.2 -14.7 -39.2 0.8 38.6 42.26 55.51 67.66
Net income 1 61.2 -6.9 -38.3 8.6 46 32.94 43.35 54.05
Net Debt 1 -139.5 -200.5 -183.1 -187.6 -152.4 -183.3 -223.3 -281.2
Reference price 2 1.120 0.550 0.400 1.340 1.264 2.445 2.445 2.445
Nbr of stocks (in thousands) 355,861 353,470 353,707 326,162 315,846 289,275 - -
Announcement Date 3/10/22 3/2/23 3/7/24 3/6/25 3/5/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.29x1.98x9.45x0.22% 949M
25.99x17.07x - 0.67% 69.94B
42.52x4.86x16.42x-.--% 39.9B
26.2x5.21x25.79x0.07% 33.42B
18.77x12.56x24.39x1.06% 27.51B
8.51x1.99x3.74x1.6% 26.04B
30.43x4.4x13.2x-.--% 23.56B
23.56x18.9x44.63x0.15% 16.57B
22.43x22.51x - 0.23% 16.05B
Average 24.74x 9.94x 19.66x 0.45% 28.21B
Weighted average by Cap. 26.06x 10.79x 19.92x 0.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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