ICG Enterprise Trust PLC GBP (GB:ICGT)
LSE:ICGT
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ICG Enterprise Trust PLC GBP
(LSE:ICGT)
Select Model
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Rating:53Neutral
Price Target:
1,395.00 p
â–¼(-6.75% Downside)
Action:Reiterated
Date:05/11/26
The score is held back primarily by volatile financial performance and weak recent cash flows (notably the 2026 downturn), partially offset by a conservative, low-leverage balance sheet. Technical indicators are neutral-to-slightly positive, while valuation is mixed due to a negative P/E despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
Very low reported leverage gives the trust durable financial flexibility through private‑markets cycles. A conservative balance sheet reduces forced selling risk, supports follow‑on or co‑investment commitments, and preserves capacity to cover fees and distributions during downturns.
Negative Factors
Earnings and revenue volatility
Private‑market valuation swings drove a material revenue collapse and large net loss in 2026, underscoring earnings unpredictability. Such volatility impairs forward cashflow visibility, complicates dividend planning, and raises the chance of multi‑period NAV underperformance if exit markets remain weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low reported leverage gives the trust durable financial flexibility through private‑markets cycles. A conservative balance sheet reduces forced selling risk, supports follow‑on or co‑investment commitments, and preserves capacity to cover fees and distributions during downturns.
Read all positive factors
ICG Enterprise Trust PLC GBP (ICGT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£806.12M
Dividend Yield2.47%
Average Volume (3M)69.73K
Price to Earnings (P/E)24.7
Beta (1Y)0.65
Revenue Growth-88.06%
EPS Growth-107.88%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.12
Shares Outstanding60,885,315
10 Day Avg. Volume92,668
30 Day Avg. Volume69,729
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)0.76
Price to Sales (P/S)59.99
P/FCF Ratio0.00
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 ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.14
Revenue Forecast (FY)£1.16M
ICG Enterprise Trust PLC GBP Business Overview & Revenue Model
Company Description
ICG Enterprise Trust PLC specializes in direct and fund of funds investments. The fund does not make venture capital investments in startups or early stage funds. The fund also provides growth capital. In direct co-investments, the fund invests in...
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 | 4.02M | 2.21M |
| 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 | 0.00 | -57.39M | 79.41M | 164.53M | 226.49M |
| Operating Cash Flow | -22.31M | -57.39M | 79.41M | 164.53M | 226.49M |
| Investing Cash Flow | 174.85M | 0.00 | 94.67M | -225.30M | -205.43M |
| Financing Cash Flow | -124.23M | 51.22M | -91.15M | 39.72M | -23.90M |
ICG Enterprise Trust PLC GBP Technical Analysis
Negative
1496.00
Price Trends
1350.88
Negative
1418.17
Negative
1442.89
Negative
Market Momentum
-2.87
Positive
38.88
Neutral
20.85
Neutral
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 1496 is above the 20-day moving average (MA) of 1363.70, above the 50-day MA of 1350.88, and above the 200-day MA of 1442.89, indicating a bearish trend. The MACD of -2.87 indicates Positive momentum. The RSI at 38.88 is Neutral, neither overbought nor oversold. The STOCH value of 20.85 is Neutral, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £1.84B | 12.41 | 2.24% | 2.40% | 68.95% | 109.67% | |
73 Outperform | £23.50B | 3.09 | 17.91% | 2.44% | -25.49% | 3.34% | |
71 Outperform | £494.35M | 10.05 | 9.58% | 5.79% | 5.52% | 18.92% | |
68 Neutral | £5.32B | 9.11 | 23.35% | 4.13% | -0.97% | 6.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | £2.31B | 110.86 | 4.25% | 2.85% | 47.14% | -37.72% | |
53 Neutral | £806.12M | 24.66 | 5.07% | 2.47% | -88.06% | -107.88% |
* Financial Sector Average
GB:ICGT
ICG Enterprise Trust PLC GBP
1,324.00
109.70
9.03%
GB:III
3i Group plc
2,310.00
-1,718.93
-42.66%
GB:ICG
ICG plc
1,900.00
22.68
1.21%
GB:CLDN
Caledonia Investments
358.00
3.67
1.03%
GB:BPT
Bridgepoint Group Plc
262.60
1.62
0.62%
GB:POLN
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830.00
102.14
14.03%
ICG Enterprise Trust PLC GBP Corporate Events
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...
Stock BuybackDividendsFinancial Disclosures
ICG Enterprise Trust Delivers Resilient Year, Lifts Payouts Despite FX Drag
Positive
May 7, 2026
ICG Enterprise Trust reported a modest 0.5% NAV per share total return and a 4.8% local-currency portfolio return for the year to 31 January 2026, with performance held back by a 3.6% negative FX impact from sterling strength. The portfolio of mat...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks, Adds to Treasury Holdings
Positive
May 7, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,390 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,323,221 shares in treasury and has 61,230,971 s...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under AGM Mandate
Neutral
May 7, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 6 May 2026 at an average price of 1,390 pence per share, with the shares to be held in treasury, bringing total treasury shares to 2,323,221 and leaving 61,230,971 shares in issu...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks to Manage Capital and Support NAV
Positive
May 5, 2026
ICG Enterprise Trust PLC has repurchased 8,117 of its own shares on 1 May 2026 at an average price of 1,336 pence, with the shares to be held in treasury in line with its capital management strategy. Following this transaction, the company holds 2...
Regulatory Filings and Compliance
ICG Enterprise Trust Updates Total Voting Rights for Shareholders
Neutral
May 1, 2026
ICG Enterprise Trust plc has reported that, as of 30 April 2026, it has 63,554,192 ordinary shares in issue, of which 2,257,369 are held in treasury, leaving 61,296,823 voting rights in the company. This updated share capital and voting rights fig...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adds to Treasury Holdings
Positive
May 1, 2026
ICG Enterprise Trust PLC has repurchased 42,735 of its own shares at an average price of 1,320 pence per share, with the shares to be held in treasury. Following the transaction, the trust holds 2,300,104 treasury shares and has 61,254,088 shares ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Share Buyback, Adds to Treasury Stock
Positive
Apr 27, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,344 pence each, with the shares to be held in treasury, bringing total treasury shares to 2,257,369 and reducing the number of shares in issue excluding tre...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Capital Management Programme
Positive
Apr 24, 2026
ICG Enterprise Trust plc has repurchased 10,000 of its own shares at an average price of 1,366 pence per share, with the shares to be held in treasury, bringing total treasury shares to 2,242,369 and leaving 61,311,823 shares in issue excluding tr...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback as Part of Capital Management Strategy
Positive
Apr 21, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 20 April 2026 at an average price of 1,341 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,232,369 shares in treasury and...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks to Manage Capital Base
Positive
Apr 20, 2026
ICG Enterprise Trust has repurchased 100,000 of its own shares at an average price of 1,360 pence, with the shares to be held in treasury rather than cancelled. Following this transaction, the company holds 2,217,369 shares in treasury and has 61,...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Existing Authority
Positive
Apr 17, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 16 April 2026 at an average price of 1,360 pence, with the shares to be held in treasury. Following this transaction, the company holds 2,117,369 shares in treasury and has 61,43...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under 2025 Mandate
Positive
Apr 16, 2026
ICG Enterprise Trust plc has repurchased 10,000 of its own shares at an average price of 1,375 pence per share, with the shares to be held in treasury, bringing total treasury shares to 2,102,369 and reducing the outstanding share count to 61,451,...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adds to Treasury Holdings
Positive
Apr 15, 2026
ICG Enterprise Trust plc has repurchased 3,263 of its own shares on 14 April 2026 at an average price of 1,359 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,092,369 shares in treasury and ...
Regulatory Filings and Compliance
ICG Enterprise Trust Reports Share Purchase by Associate of Board Member
Positive
Apr 7, 2026
ICG Enterprise Trust plc disclosed that Michael Clyne, a person closely associated with non-executive director Janine Nicholls, purchased 1,461 ordinary shares in the company on 2 April 2026. The transaction, executed on the London Stock Exchange ...
Regulatory Filings and Compliance
ICG Enterprise Trust Chair Restructures Shareholdings in Tax-Efficient Accounts
Neutral
Apr 2, 2026
ICG Enterprise Trust plc has disclosed a series of internal share transfers involving its chair, Jane Tufnell, and a person closely associated with her, in line with UK Market Abuse Regulation requirements. The transactions primarily involve movin...
Regulatory Filings and Compliance
ICG Enterprise Trust Updates Total Voting Rights to 61.48 Million
Neutral
Apr 1, 2026
ICG Enterprise Trust plc has confirmed that, as of 31 March 2026, it had 63,554,192 ordinary shares in issue, of which 2,074,106 shares were held in treasury, resulting in 61,480,086 voting rights in the company. This updated voting rights figure ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under AGM Authority
Positive
Mar 31, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 30 March 2026 at an average price of 1,330 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 2,089,106 shares in treasury and...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
ICG Enterprise Trust Continues Share Buyback Programme
Positive
Mar 25, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,327 pence, with the shares to be held in treasury, leaving 61,480,086 shares in issue excluding treasury stock. The buyback forms part of an ongoing capital...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback Programme
Positive
Mar 20, 2026
ICG Enterprise Trust plc has repurchased 7,000 of its own shares at an average price of 1,310 pence per share, with the shares to be held in treasury, bringing its total treasury holding to 2,059,106 shares and leaving 61,495,086 shares in issue e...
Regulatory Filings and Compliance
ICG Enterprise Trust Director Buys Additional Shares
Positive
Mar 17, 2026
ICG Enterprise Trust plc reported that non-executive director Alastair Bruce purchased 1,000 ordinary shares in the company on 16 March 2026 at a price of £13.02 per share. The transaction, carried out on the London Stock Exchange, was disclo...
Regulatory Filings and Compliance
ICG Enterprise Trust Director Increases Stake with Share Purchase
Positive
Mar 12, 2026
ICG Enterprise Trust plc has disclosed that non-executive director Adiba Ighodaro purchased a total of 300 ordinary shares in the company over two days, on 10 and 11 March 2026. The transactions, executed on the London Stock Exchange at a price of...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Buys Back 65,000 Shares for Treasury as Part of Ongoing Capital Management
Positive
Mar 4, 2026
ICG Enterprise Trust plc has repurchased 65,000 of its own shares at an average price of 1,430 pence per share, with the shares to be held in treasury, bringing total treasury holdings to 2,052,106 and reducing the number of shares in issue exclud...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Buys Back 35,000 Shares for Treasury
Positive
Mar 2, 2026
ICG Enterprise Trust plc has repurchased 35,000 of its own shares in two market transactions on 27 February 2026, paying average prices of 1,486 pence and 1,462 pence per share, with the shares to be held in treasury. Following these purchases, th...
Regulatory Filings and Compliance
ICG Enterprise Trust Updates Total Voting Rights to 61.6 Million
Neutral
Mar 2, 2026
ICG Enterprise Trust has confirmed that, as of the close of business on 28 February 2026, it had 63,554,192 ordinary shares in issue, of which 1,922,106 are held in treasury. This leaves a total of 61,632,086 voting rights currently exercisable in...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Share Buyback Programme With New Treasury Purchase
Positive
Feb 27, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,500 pence per share, with the shares to be held in treasury, bringing its total treasury holding to 1,952,106 shares. Following this transaction, the compan...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Capital Management Programme
Positive
Feb 26, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,500 pence per share, with the shares to be held in treasury. Following this transaction, the company now holds 1,937,106 shares in treasury and has 61,617,0...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Buys Back 105,000 Shares for Treasury
Positive
Feb 25, 2026
ICG Enterprise Trust PLC has repurchased 105,000 of its own shares in two market transactions, paying an average of 1,501 pence for 15,000 shares and 1,490 pence for 90,000 shares, and will hold these shares in treasury. Following settlement, the ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Expands Share Buyback, Adds to Treasury Holdings
Positive
Feb 24, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 23 February 2026 at an average price of 1,511 pence per share, with the shares to be held in treasury. Following the transaction, the company holds 1,817,106 shares in treasury a...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Adds to Treasury Stock with Further Share Buyback
Positive
Feb 23, 2026
ICG Enterprise Trust plc, a UK-listed private equity investment trust, builds a diversified portfolio of private company holdings with the objective of long-term capital growth for its investors. The company operates mainly through commitments to ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under AGM Mandate
Positive
Feb 20, 2026
ICG Enterprise Trust has repurchased 15,000 of its own shares on 19 February 2026 at an average price of 1,490 pence, with the shares to be held in treasury. Following this transaction, the company holds 1,793,722 shares in treasury and has 61,760...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Buys Back Shares for Treasury Under Ongoing Authority
Positive
Feb 19, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 18 February 2026 at an average price of 1,489 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 1,778,722 shares in treasury ...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adding 15,000 Shares to Treasury
Positive
Feb 18, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 17 February 2026 at an average price of 1,485 pence per share, with the shares to be held in treasury. Following this transaction, the company now holds 1,763,722 treasury shares...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buyback, Adding 15,000 Shares to Treasury
Positive
Feb 17, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares at an average price of 1,485 pence per share, with the shares to be held in treasury rather than cancelled. Following this transaction, the company holds 1,748,722 shares in treasur...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under Existing Authority
Positive
Feb 16, 2026
ICG Enterprise Trust has repurchased 15,000 of its own shares on 13 February 2026 at an average price of 1,481 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 1,733,722 treasury shares and has...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks Under 2025 Mandate
Positive
Feb 13, 2026
ICG Enterprise Trust has repurchased 15,000 of its own shares at an average price of 1,479 pence, with the shares to be held in treasury rather than cancelled. Following this transaction, the trust holds 1,718,722 shares in treasury and has 61,835...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks to Manage Capital and Support Valuation
Positive
Feb 12, 2026
ICG Enterprise Trust plc, a London-listed private equity investment trust focused on diversified private equity portfolios and long-term capital growth, continues to actively manage its capital structure to enhance shareholder value. The trust inv...
Business Operations and StrategyStock Buyback
ICG Enterprise Trust Continues Share Buybacks, Adds 15,000 Shares to Treasury
Positive
Feb 11, 2026
ICG Enterprise Trust plc has repurchased 15,000 of its own shares on 10 February 2026 at an average price of 1,487 pence per share, with the shares to be held in treasury. Following this transaction, the company holds 1,688,722 shares in treasury ...
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.