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Capital Drilling
(LSE:CAPD)
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Rating:73Outperform
Price Target:
119.00 p
▲(17.24% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by solid financial performance (growth, operating profitability, and a strengthening balance sheet) and very attractive valuation (low P/E with a modest yield). Offsetting these positives, technical signals are mixed, with price still below key longer-term moving averages and a negative MACD indicating limited trend strength.
Positive Factors
Multi-year Revenue Growth and Scale
Sustained revenue growth to ~353m demonstrates durable market traction and scale. Larger revenue base supports fixed-cost absorption, strengthens negotiating leverage with customers and suppliers, and provides a platform for incremental margin improvement and strategic reinvestment over the next 2–6 months and beyond.
Negative Factors
Inconsistent Earnings-to-Cash Conversion
Historic swings between reported earnings and cash conversion indicate working-capital sensitivity and investment timing risks. Inconsistent conversion can constrain reliable reinvestment, dividends or deleveraging, and makes forecasting free cash flow for strategic planning less certain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth and Scale
Sustained revenue growth to ~353m demonstrates durable market traction and scale. Larger revenue base supports fixed-cost absorption, strengthens negotiating leverage with customers and suppliers, and provides a platform for incremental margin improvement and strategic reinvestment over the next 2–6 months and beyond.
Read all positive factors
Capital Drilling (CAPD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£221.19M
Dividend Yield1.98%
Average Volume (3M)307.45K
Price to Earnings (P/E)3.8
Beta (1Y)0.57
Revenue Growth-3.75%
EPS Growth278.35%
CountryUK
Employees3,251
SectorBasic Materials
Sector Strength58
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.35
Shares Outstanding225,701,580
10 Day Avg. Volume472,490
30 Day Avg. Volume307,449
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.81
Price to Sales (P/S)0.86
P/FCF Ratio7.12
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)0.14
Revenue Forecast (FY)£429.60M
Capital Drilling Business Overview & Revenue Model
Company Description
Capital Limited, together with its subsidiaries, provides drilling, mining, mineral assaying, and surveying services. It offers exploration drilling services, including air core, reverse circulation, diamond core, directional, and deep hole diamon...
How the Company Makes Money
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Capital Drilling Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 353.03M | 348.00M | 318.42M | 290.28M | 226.79M |
| Gross Profit | 107.50M | 144.77M | 146.90M | 134.43M | 106.30M |
| EBITDA | 92.50M | 94.24M | 101.42M | 86.64M | 71.18M |
| Net Income | 70.81M | 17.32M | 36.74M | 20.99M | 70.17M |
Balance Sheet | |||||
| Total Assets | 631.11M | 511.73M | 467.75M | 386.80M | 351.50M |
| Cash, Cash Equivalents and Short-Term Investments | 163.24M | 70.83M | 81.52M | 67.11M | 90.73M |
| Total Debt | 130.95M | 148.97M | 132.02M | 91.17M | 72.05M |
| Total Liabilities | 242.27M | 228.34M | 194.60M | 147.91M | 128.56M |
| Stockholders Equity | 375.87M | 271.57M | 263.88M | 233.32M | 219.17M |
Cash Flow | |||||
| Free Cash Flow | 42.83M | 21.11M | 14.20M | 7.43M | -20.46M |
| Operating Cash Flow | 77.39M | 63.73M | 69.17M | 56.58M | 30.40M |
| Investing Cash Flow | -42.85M | -20.21M | -59.49M | -47.50M | -50.06M |
| Financing Cash Flow | -13.10M | -36.23M | -3.94M | -9.10M | 15.45M |
Capital Drilling Technical Analysis
Positive
101.50
Price Trends
107.34
Positive
114.15
Negative
118.99
Negative
Market Momentum
-1.19
Negative
59.06
Neutral
68.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CAPD, the sentiment is Positive. The current price of 101.5 is below the 20-day moving average (MA) of 102.52, below the 50-day MA of 107.34, and below the 200-day MA of 118.99, indicating a neutral trend. The MACD of -1.19 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 68.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CAPD.
Capital Drilling Peers Comparison
UnderperformOutperform
Sector (61)
GB:CAPD
Capital Drilling
108.00
16.12
17.55%
GB:JLP
Jubilee Metals Group
2.50
-0.30
-10.71%
Capital Drilling Corporate Events
Business Operations and StrategyFinancial Disclosures
Capital Limited posts record H1 revenue as it reshapes mining services portfolio
Positive
Jul 16, 2026
Capital Limited delivered record second-quarter revenue of $117.3 million and first-half revenue of $219.0 million, up 37.6% year on year, driven by strong growth across drilling, mining and MSALABS laboratory services. The group is redirecting ca...
Regulatory Filings and Compliance
Capital Limited Director Increases Stake in Mining Services Group
Positive
Jun 8, 2026
Capital Limited has disclosed a director share purchase, with non-executive director Anu Dhir acquiring 51,400 ordinary shares at an average price of £1.15 per share. Following this transaction, she holds 0.02% of the company’s issued s...
Business Operations and StrategyStock BuybackShareholder Meetings
Capital Limited Wins Strong Shareholder Backing at AGM
Positive
May 20, 2026
Capital Limited reported that all resolutions at its Annual General Meeting were approved by shareholders, with 81.8% of the company’s 225.7 million issued shares voted. The meeting confirmed strong investor participation and support for the...
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.