Want to see GB:TCAP full AI Analyst Report?
TP ICap (TCAP) Share Price & Analysis
TCAP Stock Chart & Stats
- Day’s Range
- GBX 316.60 - GBX 325.80
- 52-Week Range
- GBX 235.50 - GBX 355.00
- Previous Close
- GBX 324.80
- Volume
- 374.37K
- Average Volume (3M)
- 1.62M
- Market Cap
- GBP 2.26B
- Enterprise Value
- GBP 466.92M
- Total Cash (Recent Filing)
- GBP 3.26B
- Total Debt (Recent Filing)
- GBP 1.15B
- Price to Earnings (P/E)
- 12.3
- Beta
- 0.69
- Next Earnings
- Mar 17, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Oct 01, 2026
- Dividend Yield
- 5.36%
Bulls Say, Bears Say
Bulls Say
Diversified, Scalable Business Model
TP ICAP's mix of Global Broking, Liquidnet, Parameta and platform/electronic services creates multiple, partly uncorrelated revenue engines. A scalable tech platform and explicit mid‑to‑high single‑digit growth target support durable top‑line expansion and lower client concentration risk.
Improved Profitability And Margin Expansion
Operating performance has meaningfully recovered versus prior weak years: margins expanded and net income rose materially in 2025. Stronger profitability implies better earnings power and intrinsic resilience to modest revenue shocks, underpinning sustainable cash generation over the medium term.
Solid Balance Sheet And Disciplined Capital Returns
A moderate leverage profile and substantial distributions indicate disciplined capital allocation. Regular dividends and repeat buybacks demonstrate consistent cash conversion and shareholder focus, supporting confidence in balance sheet durability and management's willingness to return excess capital.
Bears Say
Working-capital And Cash-flow Variability
Cash conversion is uneven: operating cash swings and a year‑over‑year fall in operating cash reflect settlement timing and receivables volatility. Such working‑capital swings constrain predictability of free cash flow, limiting capacity for reinvestment or buybacks during quieter market periods.
Elevated Significant Items And Restructuring Costs
Accelerated transformation raises near‑term restructuring charges and one‑off costs, eroding reported earnings and consuming cash. While the program targets net savings, elevated non‑recurring charges heighten execution risk and can compress margins until benefits are fully realized.
Sensitivity To Market Volatility And E&C Weakness
A significant revenue component is exposed to market activity and geopolitical swings; the sharp E&C earnings drop shows earnings can be lumpy. Persistent sensitivity to market/FX cycles increases earnings volatility and makes medium‑term forecasting and margin sustainability more uncertain.
TP ICap News
TCAP FAQ
What was TP ICap’s price range in the past 12 months?
What is TP ICap’s market cap?
When is TP ICap’s upcoming earnings report date?
How were TP ICap’s earnings last quarter?
Is TP ICap overvalued?
Does TP ICap pay dividends?
What is TP ICap’s EPS estimate?
How many shares outstanding does TP ICap have?
What happened to TP ICap’s price movement after its last earnings report?
Which hedge fund is a major shareholder of TP ICap?
What is the TipRanks Smart Score and how is it calculated?
TP ICap Stock Smart Score
Company Description
TP ICap
TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange (FX) and money markets, equities, and credit products; and offers broking, facilitating price discovery, and liquidity services. The Energy & Commodities division operates in various commodities markets, including oil, gas, power, renewables, ferrous metals, base metals, precious metals, soft commodities, and digital assets. This division also assists in canvassing the market for expressions of interest, intelligence gathering, negotiations, and post-transaction processing; and provides insights on the impact of unpredictable factors, such as weather conditions, geopolitics, and exchange rate movements. The Liquidnet division operates Liquidnet, a cash equities dark/block electronic trading network; and Coex Partners, a trade advisory and agency execution service that covers listed derivatives, FX, government bonds, cleared interest rate swaps, and cash equities. This division serves hedge funds, asset managers, and asset owners. The Parameta Solutions division provides unbiased data products that facilitate trading, enhance transparency, reduce risk, and enhance operational efficiency; and pricing, reference data, and analytical tools . This division also offers real-time price information for the OTC financial and commodity markets delivering independent data for various asset classes, including rates, FX and money markets, volatility, oil, energy, inflation, credit, and equities. TP ICAP Group PLC is based in Saint Helier, Jersey.
- Sector
- Financial
- Industry
- Investment - Banking & Investment Services
- CEO
- Nicolas Noel Andre Breteau
- Employees
- 5,611
- Website
- www.tpicap.com
- Address
- 22 Grenville Street, Saint Helier, JE4 8PX, JE
TP ICap (TCAP) Earnings & Revenues
TCAP Earnings Call
Earnings Call SentimentPositive
The call presents strong underlying operating performance and several clear achievements: double-digit growth and margin expansion in Global Broking, stable-to-improving performance in Liquidnet and Parameta, accelerated transformation delivering material cost savings, and continued capital returns (dividends and buybacks). Offsetting these positives are meaningful near-term headwinds: a sharp drop in Energy & Commodities profitability driven by geopolitical disruption and higher costs from strategic hires, elevated significant items and restructuring charges tied to accelerated transformation, working capital and net cash reductions driven by settlement timing and higher receivables, and ongoing sensitivity to foreign exchange and market volatility. On balance, the positives—particularly the outsized Global Broking performance, transformation progress and medium-term growth plan—significantly outweigh the lowlights, supporting a constructive outlook despite near-term noise.
View all GB:TCAP earnings summariesTCAP Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 5 | 12 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 3 | 0 | 9 |
