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Palace Capital
(LSE:PCA)
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Rating:54Neutral
Price Target:
186.00 p
▲(1.09% Upside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak recent financial performance and cash flow volatility (loss-making year, margin compression, and negative operating/free cash flow), partially offset by a debt-free balance sheet. Technical indicators are modestly positive in the near term, while valuation is mixed (high yield but negative P/E). Corporate events (buybacks) are supportive but not enough to outweigh the fundamental downturn.
Positive Factors
Debt-free balance sheet
Eliminating debt materially reduces refinancing and interest-rate risk, giving Palace Capital greater financial flexibility to manage assets, fund essential investment and withstand weaker property-market conditions without relying heavily on lenders.
Negative Factors
Persistent revenue contraction
A multi-year revenue decline indicates sustained pressure on portfolio income or asset activity rather than a single-period setback. Continued contraction can reduce operating leverage, weaken tenant and asset economics, and constrain future investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Eliminating debt materially reduces refinancing and interest-rate risk, giving Palace Capital greater financial flexibility to manage assets, fund essential investment and withstand weaker property-market conditions without relying heavily on lenders.
Read all positive factors
Palace Capital (PCA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£29.48M
Dividend Yield7.94%
Average Volume (3M)49.56K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-41.22%
EPS GrowthN/A
CountryUK
Employees7
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.26
Shares Outstanding15,890,895
10 Day Avg. Volume40,225
30 Day Avg. Volume49,557
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.86
Price to Sales (P/S)4.79
P/FCF Ratio-7.31
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)0.11
Revenue Forecast (FY)N/A
Palace Capital Business Overview & Revenue Model
Company Description
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom....
How the Company Makes Money
Palace Capital’s earnings were primarily driven by property investment economics. The main revenue stream was recurring rental income paid by tenants under lease agreements across its commercial property portfolio. The company also generated reven...
Palace Capital Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.60M | 13.24M | 19.60M | 32.97M | 49.06M |
| Gross Profit | 2.06M | 5.38M | 9.82M | 15.83M | 18.66M |
| EBITDA | -5.14M | 1.53M | -7.52M | -32.02M | 27.56M |
| Net Income | -5.13M | 1.42M | -9.36M | -35.70M | 24.55M |
Balance Sheet | |||||
| Total Assets | 44.85M | 77.02M | 110.75M | 201.77M | 288.62M |
| Cash, Cash Equivalents and Short-Term Investments | 12.78M | 22.22M | 19.77M | 5.51M | 28.14M |
| Total Debt | 0.00 | 0.00 | 8.29M | 64.88M | 102.31M |
| Total Liabilities | 2.36M | 4.52M | 12.98M | 73.30M | 111.42M |
| Stockholders Equity | 42.49M | 72.50M | 97.77M | 128.47M | 177.20M |
Cash Flow | |||||
| Free Cash Flow | -4.98M | 6.88M | -443.00K | 13.07M | 26.14M |
| Operating Cash Flow | -3.04M | 7.05M | 1.10M | 14.45M | 32.68M |
| Investing Cash Flow | 18.48M | 30.46M | 90.67M | 14.03M | 18.04M |
| Financing Cash Flow | -24.88M | -35.06M | -77.52M | -51.12M | -32.00M |
Palace Capital Technical Analysis
Positive
184.00
Price Trends
177.26
Positive
173.29
Positive
186.64
Positive
Market Momentum
2.27
Negative
64.25
Neutral
89.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PCA, the sentiment is Positive. The current price of 184 is above the 20-day moving average (MA) of 180.94, above the 50-day MA of 177.26, and below the 200-day MA of 186.64, indicating a bullish trend. The MACD of 2.27 indicates Negative momentum. The RSI at 64.25 is Neutral, neither overbought nor oversold. The STOCH value of 89.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PCA.
Palace Capital Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £55.95M | 8.03 | 10.22% | 7.99% | 5.98% | 35.28% | |
70 Outperform | £166.61M | 16.91 | 5.76% | 7.49% | -3.39% | -59.21% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | £212.27M | 15.31 | 4.68% | 7.80% | 7.06% | -54.80% | |
54 Neutral | £29.48M | -7.27 | -11.17% | 8.33% | -41.22% | ― | |
50 Neutral | £54.55M | -65.00 | -0.96% | 5.05% | -13.04% | 64.44% | |
50 Neutral | £53.45M | -10.26 | -4.75% | 4.15% | 4.77% | -1540.79% |
* Real Estate Sector Average
GB:PCA
Palace Capital
189.00
-18.42
-8.88%
GB:AEWU
AEW UK REIT
106.00
11.36
12.01%
GB:RLE
Real Estate ate ate Investors
31.20
0.78
2.57%
GB:SREI
Schroder Real Estate ate ate Investment
43.95
-1.64
-3.60%
GB:TOWN
Town Centre Securities
128.00
1.23
0.97%
GB:AIRE
Alternative Income REIT Plc
69.00
9.36
15.70%
Palace Capital Corporate Events
Stock BuybackRegulatory Filings and Compliance
Palace Capital Updates Total Voting Rights After Treasury Share Cancellation
Neutral
Jul 31, 2026
Palace Capital has disclosed that as of 31 July 2026 its issued share capital comprises 19,524,775 ordinary shares of 10 pence each, with 3,633,880 held in treasury and scheduled for cancellation. Following this adjustment, the company’s tot...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Palace Capital Completes Share Buyback and Updates Voting Rights
Positive
Jul 21, 2026
Palace Capital PLC has completed a share buyback programme executed through Cavendish Capital Markets Limited, repurchasing ordinary shares of 10 pence each for holding in treasury. The latest transaction on 20 July 2026 involved the acquisition o...
Business Operations and StrategyStock Buyback
Palace Capital Tightens Free Float with Latest Share Buybacks
Positive
Jul 20, 2026
Palace Capital has continued to execute its previously announced share buyback programme, repurchasing a total of more than 3.4 million ordinary shares between 13 and 17 July 2026 through Cavendish Capital Markets. The shares, bought at prices clu...
Stock BuybackRegulatory Filings and Compliance
Palace Capital Updates Market on Share Buyback and Voting Rights
Neutral
Jul 13, 2026
Palace Capital has continued to execute its recently announced share buyback programme, repurchasing a total of 94,050 ordinary shares between 7 and 10 July 2026 at a volume-weighted average price of 180.31 pence. The repurchased shares will be he...
Stock BuybackRegulatory Filings and Compliance
Palace Capital Updates Share Count After Latest Buyback
Positive
Jul 6, 2026
Palace Capital PLC has executed share repurchases under its recently announced buyback programme, purchasing 90,367 ordinary shares between June 30 and July 2 through Cavendish Capital Markets Limited. The repurchased shares will be held in treasu...
Business Operations and StrategyStock Buyback
Palace Capital Launches Share Buyback as Concert Party Stake Set to Rise
Positive
Jun 30, 2026
Palace Capital has launched a share buyback programme for up to 3,633,880 ordinary shares, representing the remaining authority granted by shareholders in July 2025. The broker-managed programme, run by Cavendish, will acquire shares within define...
Business Operations and StrategyStock BuybackShareholder Meetings
Palace Capital Wins Shareholder Backing for Takeover Code Waiver on Buy-Backs
Positive
Jun 29, 2026
Palace Capital has secured shareholder approval for a waiver under Rule 9 of the U.K. Takeover Code, preventing Lakestreet Capital Partners AG and its concert party from being forced to make a mandatory cash offer if the company conducts share buy...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Palace Capital’s Largest Shareholders Cap Voting Rights Amid Buy-Back Plan
Positive
Jun 24, 2026
Palace Capital has disclosed that Lakestreet Capital Partners AG and Lakestreet Trading AG, its largest shareholders and members of a concert party, have agreed to cap their exercisable voting rights at 29.99 per cent of total votes at any general...
Stock BuybackRegulatory Filings and ComplianceShareholder Meetings
Palace Capital Seeks Shareholder Waiver to Enable Buy-Back Without Triggering Takeover Rule
Neutral
Jun 11, 2026
Palace Capital has called a general meeting for 29 June 2026 to seek shareholder approval for a waiver under Rule 9 of the Takeover Code, linked to its existing share buy-back authority. The waiver would prevent Lakestreet Capital Partners AG and ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Palace Capital Swings to Loss as Property Values Fall but Bolsters Cash and Targets Buybacks
Negative
Jun 11, 2026
Palace Capital reported a sharp swing to a small adjusted loss before tax of £0.1m for the six months to 31 March 2026, from a £1.5m profit a year earlier, as asset disposals and lower ancillary income reduced revenue. The company also b...
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.