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Palace Capital
(LSE:PCA)
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Rating:52Neutral
Price Target:
167.00 p
â–¼(-20.48% Downside)
Action:Reiterated
Date:06/30/26
The score is held back mainly by weak recent operating performance and cash flow volatility, including a 2026 loss and negative operating/free cash flow, despite the benefit of zero reported debt. Valuation is moderately supportive due to the high dividend yield, while technicals are largely neutral because key indicators were not provided.
Positive Factors
Low leverage / zero reported debt
Reported zero total debt in 2025–2026 materially reduces refinancing and interest-rate risk for the property portfolio. This strengthens financial flexibility, allowing Palace Capital to prioritize asset management, opportunistic acquisitions or repairs, and weather near-term property market volatility without immediate funding pressure.
Negative Factors
Sustained revenue decline
Four consecutive years of revenue declines and a ~17% drop in 2026 signal structural pressure on the tenant base, rental income or asset realizations. Persistent top-line erosion reduces scale, weakens rental cash flows and makes it harder to stabilize margins without significant asset repositioning or new income sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / zero reported debt
Reported zero total debt in 2025–2026 materially reduces refinancing and interest-rate risk for the property portfolio. This strengthens financial flexibility, allowing Palace Capital to prioritize asset management, opportunistic acquisitions or repairs, and weather near-term property market volatility without immediate funding pressure.
Read all positive factors
Palace Capital (PCA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£32.61M
Dividend Yield7.14%
Average Volume (3M)49.56K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees7
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.26
Shares Outstanding19,524,775
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
null...
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
Neutral
210.00
Price Trends
167.61
Negative
181.46
Negative
192.77
Negative
Market Momentum
-0.94
Negative
49.94
Neutral
39.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PCA, the sentiment is Neutral. The current price of 210 is above the 20-day moving average (MA) of 166.70, above the 50-day MA of 167.61, and above the 200-day MA of 192.77, indicating a neutral trend. The MACD of -0.94 indicates Negative momentum. The RSI at 49.94 is Neutral, neither overbought nor oversold. The STOCH value of 39.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £55.71M | 8.06 | 10.22% | 8.23% | 5.98% | 35.28% | |
70 Outperform | £165.66M | 16.65 | 7.33% | 7.43% | -3.39% | -59.21% | |
67 Neutral | £225.24M | 7.61 | 9.81% | 6.64% | 8.12% | 163.48% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
52 Neutral | £32.61M | -6.42 | 4.33% | 7.14% | ― | ― | |
51 Neutral | £55.08M | -65.63 | -0.96% | 5.02% | -13.04% | 64.44% | |
46 Neutral | £48.40M | -9.22 | -4.75% | 3.94% | 4.77% | -1540.79% |
* Real Estate Sector Average
GB:PCA
Palace Capital
167.00
-40.89
-19.67%
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104.40
2.38
2.33%
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31.50
1.10
3.62%
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46.05
-4.94
-9.68%
GB:TOWN
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115.00
-17.53
-13.23%
GB:AIRE
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69.20
0.81
1.19%
Palace Capital Corporate Events
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...
Business Operations and StrategyRegulatory Filings and Compliance
Palace Capital Updates Total Voting Rights After Treasury Share Adjustment
Neutral
May 1, 2026
Palace Capital has confirmed that, as of 30 April 2026, its issued share capital comprises 20,224,775 ordinary shares of 10 pence each, of which 700,000 are held in treasury and are scheduled for cancellation. Following this adjustment, the compan...
Stock BuybackRegulatory Filings and Compliance
Palace Capital Completes Share Buyback and Updates Voting Rights
Neutral
Apr 24, 2026
Palace Capital has completed a share buyback transaction, purchasing 300,000 ordinary shares at a volume-weighted average price of 169.75 pence per share through Cavendish Capital Markets, with the shares to be held in treasury and then cancelled....
Business Operations and StrategyStock Buyback
Palace Capital Launches Further Share Buyback as Part of Capital Return Plan
Positive
Apr 23, 2026
Palace Capital has launched a further share buyback programme of up to 300,000 ordinary shares as part of a wider capital return initiative, with Cavendish appointed to execute the purchases on a broker-managed and independent basis. The programme...
Stock BuybackRegulatory Filings and Compliance
Palace Capital Completes Share Buyback and Confirms New Voting Rights
Neutral
Apr 21, 2026
Palace Capital has completed a share buyback, acquiring 400,000 ordinary shares at a volume-weighted average price of 173 pence per share through Cavendish Capital Markets. The shares will be held in treasury and then cancelled, reducing the numbe...
Business Operations and StrategyStock Buyback
Palace Capital Launches Share Buyback as First Step in Capital Return Plan
Positive
Apr 17, 2026
Palace Capital has launched a broker-managed share buyback programme for up to 400,000 ordinary shares as the first step in a broader capital return plan. The programme starts immediately and is scheduled to run until no later than 17 October 2026...
Business Operations and StrategyFinancial Disclosures
Palace Capital Portfolio Value Falls 16% on Weaker Office and Leisure Assets
Negative
Apr 16, 2026
Palace Capital reported that its property portfolio was valued at £31.3 million as of 31 March 2026, representing a like-for-like decline of about 16% since 30 September 2025. The portfolio comprises four investment properties, a residential ...
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.