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 1 398.6 194.4 141.5 437.1 399.2 538.1 - -
Change - -51.22% -27.22% 208.91% -8.66% 34.77% - -
Enterprise Value (EV) 1 259.1 -6.091 -41.62 249.5 246.8 392.3 355.4 301.2
Change - -102.35% -583.21% 699.41% -1.05% 58.93% -9.41% -15.25%
P/E 7x -27.5x -3.6x 58.3x 9.03x 17.3x 13x 10.2x
PBR 1.37x 0.73x 0.55x 2.12x 1.69x 2.28x 2.06x 1.74x
PEG - 0x -0x -0x 0x -0.8x 0.4x 0.4x
Capitalization / Revenue 1.93x 1.31x 0.87x 2.73x 1.95x 2.02x 1.85x 1.66x
EV / Revenue 1.25x -0.04x -0.26x 1.56x 1.21x 1.47x 1.22x 0.93x
EV / EBITDA 2.82x -0.9x 10.7x 10.2x 7.86x 5.97x 4.45x 3.25x
EV / EBIT 4.04x 0.41x 1.06x 312x 6.39x 6.75x 5.07x 3.56x
EV / FCF 2.86x - 1.58x - -5.7x 8.43x 6.16x 4.48x
FCF Yield 35% - 63.2% - -17.5% 11.9% 16.2% 22.3%
Dividend per Share 2 - - - - - 0.004 0.0288 0.0412
Rate of return - - - - - 0.22% 1.55% 2.22%
EPS 2 0.16 -0.02 -0.111 0.023 0.14 0.1078 0.1427 0.1831
Distribution rate - - - - - 3.71% 20.1% 22.5%
Net sales 1 206.9 148.7 162.2 160.1 204.3 266.1 291.6 324.9
EBITDA 1 91.8 6.8 -3.9 24.5 31.4 65.73 79.8 92.53
EBIT 1 64.2 -14.7 -39.2 0.8 38.6 58.1 70.1 84.64
Net income 1 61.2 -6.9 -38.3 8.6 46 35.41 42.33 53.2
Net Debt 1 -139.5 -200.5 -183.1 -187.6 -152.4 -145.8 -182.7 -236.9
Reference price 2 1.120 0.550 0.400 1.340 1.264 1.860 1.860 1.860
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.49x16.48x - 0.71% 65.9B
37.93x4.46x15.09x-.--% 35.59B
24.34x5.07x25.12x0.08% 31.04B
7.91x1.87x3.51x1.72% 24.21B
16.71x11.71x22.75x1.19% 24.49B
28.16x3.78x11.39x-.--% 21.61B
22.33x18.51x43.69x0.16% 15.71B
21.05x22.03x - 0.25% 15.13B
Average 22.87x 10.49x 20.26x 0.51% 29.21B
Weighted average by Cap. 23.96x 10.44x 18.94x 0.54%

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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