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ICG Enterprise Trust PLC GBP
(LSE:ICGT)
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Rating:56Neutral
Price Target:
1,524.00 p
â–²(3.96% Upside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weakened and volatile recent fundamentals (sharp 2026 revenue decline, net loss, and negative operating cash flow) despite a conservatively financed balance sheet. Technicals are a supportive offset with a clear uptrend and positive MACD, but momentum indicators look stretched. Valuation is pressured by the negative P/E, with only modest support from the dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and a conservative balance sheet give the trust durable financial flexibility: it can withstand private-markets drawdowns, hold illiquid positions longer without forced disposals, and selectively commit to co-investments or top-ups, supporting NAV preservation across cycles.
Negative Factors
Recent sharp revenue and profit decline
A very large revenue and profit swing signals material sensitivity to realization timing and fair-value marks; sustained weak exit markets or markdowns can compress NAV, limit distributable cash and impair the trust’s ability to deliver consistent returns over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a conservative balance sheet give the trust durable financial flexibility: it can withstand private-markets drawdowns, hold illiquid positions longer without forced disposals, and selectively commit to co-investments or top-ups, supporting NAV preservation across cycles.
Read all positive factors
ICG Enterprise Trust PLC GBP (ICGT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£850.57M
Dividend Yield2.81%
Average Volume (3M)56.29K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth-88.06%
EPS Growth-107.88%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.12
Shares Outstanding60,409,790
10 Day Avg. Volume89,549
30 Day Avg. Volume56,286
Financial Highlights & Ratios
PEG Ratio1.09
Price to Book (P/B)0.76
Price to Sales (P/S)59.99
P/FCF Ratio6.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.14
Revenue Forecast (FY)£2.41M
ICG Enterprise Trust PLC GBP Business Overview & Revenue Model
Company Description
ICG Enterprise Trust PLC primarily deploys capital through two distinct avenues: direct investments and commitments to various private equity funds. The Trust expressly avoids early-stage or venture capital funding, instead focusing on providing g...
How the Company Makes Money
ICG Enterprise Trust PLC does not generate revenue by selling operating products or services; it makes money for shareholders primarily through investment returns on its private equity portfolio. The main economic drivers are (1) capital gains: in...
ICG Enterprise Trust PLC GBP Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.15M | 118.36M | 42.24M | 187.47M | 245.53M |
| Gross Profit | 86.00K | 117.70M | 26.80M | 170.46M | 232.12M |
| EBITDA | 1.35M | 107.51M | 24.33M | 168.50M | 230.03M |
| Net Income | -8.43M | 107.51M | 17.37M | 164.53M | 226.49M |
Balance Sheet | |||||
| Total Assets | 1.34B | 1.48B | 1.31B | 1.37B | 1.17B |
| Cash, Cash Equivalents and Short-Term Investments | 33.84M | 3.93M | 9.72M | 20.69M | 41.33M |
| Total Debt | 66.57M | 131.93M | 20.00M | 65.29M | 0.00 |
| Total Liabilities | 71.65M | 143.10M | 25.14M | 65.29M | 9.30M |
| Stockholders Equity | 1.27B | 1.33B | 1.28B | 1.30B | 1.16B |
Cash Flow | |||||
| Free Cash Flow | 159.03M | -57.39M | 79.41M | 164.53M | 226.49M |
| Operating Cash Flow | 159.03M | -57.39M | 79.41M | 164.53M | 226.49M |
| Investing Cash Flow | 174.85M | -40.58M | 94.67M | -225.30M | -205.43M |
| Financing Cash Flow | -130.72M | 51.22M | -91.15M | 39.72M | -23.90M |
ICG Enterprise Trust PLC GBP Technical Analysis
Negative
1466.00
Price Trends
1437.77
Negative
1398.49
Positive
1413.68
Negative
Market Momentum
-3.94
Positive
34.64
Neutral
1.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ICGT, the sentiment is Negative. The current price of 1466 is below the 20-day moving average (MA) of 1469.00, above the 50-day MA of 1437.77, and above the 200-day MA of 1413.68, indicating a bearish trend. The MACD of -3.94 indicates Positive momentum. The RSI at 34.64 is Neutral, neither overbought nor oversold. The STOCH value of 1.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ICGT.
ICG Enterprise Trust PLC GBP Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | £27.08B | 4.94 | 17.91% | 3.19% | -25.49% | 3.34% | |
75 Outperform | £1.96B | 15.09 | 4.51% | 1.99% | 68.95% | 109.67% | |
73 Outperform | £491.66M | 8.86 | 9.58% | 6.96% | 5.52% | 18.92% | |
70 Outperform | £5.42B | 11.40 | 18.00% | 4.57% | 6.46% | 6.47% | |
61 Neutral | £2.64B | 91.42 | 2.71% | 3.27% | 36.24% | -53.64% | |
56 Neutral | £850.57M | -117.33 | -0.66% | 2.81% | -88.06% | -107.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GB:ICGT
ICG Enterprise Trust PLC GBP
1,408.00
41.47
3.03%
GB:III
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2,651.00
-1,087.99
-29.10%
GB:ICG
ICG plc
1,903.00
-282.85
-12.94%
GB:CLDN
Caledonia Investments
386.00
17.09
4.63%
GB:BPT
Bridgepoint Group Plc
296.20
-28.33
-8.73%
GB:POLN
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833.00
13.46
1.64%
ICG Enterprise Trust PLC GBP Corporate Events
Business Operations and StrategyStock Buyback
ICG Enterprise Trust boosts treasury stock with further share buyback
Positive
Aug 11, 2026
ICG Enterprise Trust plc has continued its capital management programme by repurchasing 8,000 of its own shares on 10 August 2026, at an average price of 1,480 pence per share, to be held in treasury. Following this transaction, the trust holds 2,...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Capital Management Programme
Positive
Aug 7, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 6 August 2026 at an average price of 1,463 pence, with the shares to be held in treasury as part of its ongoing capital management strategy. Following this transaction, the compa...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Treasury Stock with Targeted Share Buyback
Positive
Aug 6, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,446 pence per share, with the bought-back shares to be held in treasury. Following this transaction, the company now holds 2,728,878 shares in treasury and ...
Regulatory Filings and Compliance
ICG Enterprise Trust Chair Reports Internal Share Transfer
Neutral
Jul 31, 2026
ICG Enterprise Trust plc disclosed a routine share transaction by its chair, Jane Tufnell, in line with UK Market Abuse Regulation requirements. The London-listed private equity investment trust continues to demonstrate regulatory compliance and t...
Regulatory Filings and Compliance
ICG Enterprise Trust Director Increases Stake with Share Purchase
Positive
Jul 3, 2026
ICG Enterprise Trust plc reported that non-executive director Alastair Bruce purchased 711 ordinary shares in the company on 1 July 2026 at a price of £14.06 per share on the London Stock Exchange. The transaction, disclosed under UK Market A...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
ICG Enterprise Trust Wins Strong Shareholder Backing at 2026 AGM
Positive
Jun 25, 2026
ICG Enterprise Trust plc reported that all resolutions proposed at its 2026 Annual General Meeting were approved by shareholders, including acceptance of the financial statements, confirmation of the final dividend, and the re-election of all serv...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
ICG Enterprise Trust Posts Flat Q1 Return but Boosts Dividends and Cuts Fees
Positive
Jun 25, 2026
ICG Enterprise Trust reported a largely flat first quarter for the period to 30 April 2026, with a NAV per share total return of 0.1% and a portfolio return of 0.2% in sterling terms, alongside continued deployment of capital through £34m of ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adds 15,000 Shares to Treasury
Positive
Jun 15, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,404 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,713,878 shares in treasury, leaving 60,840,314 ...
Business Operations and Strategy
ICG Enterprise Trust to Cut Management Fee Cap by 20% Over Two Years
Positive
Jun 2, 2026
ICG Enterprise Trust plc, a listed private equity investor focused on profitable private companies in Europe and the U.S., invests both directly and via external and ICG-managed funds to generate long-term, compounding returns. The company applies...
Regulatory Filings and Compliance
ICG Enterprise Trust Updates Total Voting Rights to 60.9 Million
Neutral
Jun 1, 2026
ICG Enterprise Trust plc has confirmed that as of the close of business on 31 May 2026, it had 63,554,192 ordinary shares in issue, with 2,698,878 of these held in treasury, resulting in 60,855,314 voting rights. This updated voting rights figure ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks to Support Capital Management
Positive
May 27, 2026
ICG Enterprise Trust PLC has repurchased 15,000 of its own shares on 26 May 2026 at an average price of 1,343 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,698,878 shares in treasury and h...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Treasury Stock with Latest Share Buyback
Positive
May 26, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,340 pence per share, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now holds 2,683,878 shares in tre...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under AGM Authority
Positive
May 22, 2026
ICG Enterprise Trust plc has repurchased 10,000 of its own shares on 21 May 2026 at an average price of 1,356 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,668,878 shares in treasury and h...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adds to Treasury Holdings
Neutral
May 21, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,350 pence per share, with the shares to be held in treasury rather than cancelled. Following this transaction, the company holds 2,658,878 shares in treasur...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Steps Up Capital Management with Share Buyback
Positive
May 20, 2026
ICG Enterprise Trust plc has repurchased 125,000 of its own shares at an average price of 1,365 pence per share, with the shares to be held in treasury, bringing total treasury shares to 2,643,878 and reducing the number of shares in issue excludi...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
ICG Enterprise Trust Publishes 2026 Annual Report and Sets AGM Date
Neutral
May 19, 2026
ICG Enterprise Trust plc has published its 2026 Annual Report and Accounts, along with the Notice of Annual General Meeting, making these documents available to shareholders via its website and the UK National Storage Mechanism. The move ensures r...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Repurchases Shares for Treasury Under Ongoing Buyback Programme
Neutral
May 19, 2026
ICG Enterprise Trust plc has repurchased 10,000 of its own shares on 18 May 2026 at an average price of 1,366 pence per share, with the shares to be held in treasury. Following this transaction, the company now holds 2,518,878 shares in treasury a...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Capital Management Strategy
Positive
May 18, 2026
ICG Enterprise Trust plc has repurchased 8,657 of its own shares at an average price of 1,372 pence per share, with the shares to be held in treasury, bringing total treasury shares to 2,508,878 and leaving 61,045,314 shares in issue excluding tre...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback Programme With Treasury Purchase
Positive
May 15, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 14 May 2026 at an average price of 1,373 pence per share, with the shares to be held in treasury. Following this transaction, the company now holds 2,500,221 shares in treasury a...
Business Operations and Strategy
ICG Enterprise Trust to Feature on QuotedData Investment Companies Show
Positive
May 14, 2026
ICG Enterprise Trust will be in the spotlight on QuotedData’s weekly investment companies show, where James Carthew will review sector news and Gavin Lumsden will interview Colm Walsh as the special guest on 15 May 2026. The appearance highl...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Buys Back 125,000 Shares for Treasury
Positive
May 14, 2026
ICG Enterprise Trust PLC has repurchased 125,000 of its own shares at an average price of 1,390 pence per share, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now holds 2,485,221 treasury sha...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Treasury Stock with Targeted Share Buyback
Positive
May 12, 2026
ICG Enterprise Trust plc has repurchased 27,000 of its own shares at an average price of 1,390 pence per share, placing them into treasury as part of its ongoing capital management strategy. Following this transaction, the company now holds 2,360,...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust expands treasury holdings with latest share buyback
Positive
May 11, 2026
ICG Enterprise Trust plc has repurchased 10,000 of its own shares on 8 May 2026 at an average price of 1,376 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,333,221 shares in treasury and ha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.