TP ICap (TCAP) AI Stock Analysis

• Market Cap: £1.79B
• Dividend Yield: 6.35%
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.04
• Revenue Growth: 5.77%
• EPS Growth: 81.14%
• Country: UK
• Employees: 5,305
• Sector: N/A
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): 0.17
• Shares Outstanding: 744,589,360
• 10 Day Avg. Volume: 1,113,840
• 30 Day Avg. Volume: 1,288,426
• PEG Ratio: 0.09
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 5.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: 281.00p ▲(9.98% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

TP ICAP's strong financial performance and attractive valuation are the primary strengths, supported by a positive corporate event in the form of a share buyback program. However, technical indicators suggest caution due to bearish momentum. Overall, the stock presents a balanced opportunity with solid financials and valuation, but technical trends warrant careful monitoring.

TP ICap Business Overview & Revenue Model

Company Description

TP ICAP Group PLC provides intermediary services, contextual insights and intelligence, 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 in Global Broking, Energy & Commodities, Agency Execution, and Parameta Solutions divisions. The Global Broking division operates in rates, foreign exchange and money markets, emerging markets, equities, and credit products; and offers broking, facilitating price discovery, liquidity, execution, and risk management services to participants in the wholesale financial markets. The Energy & Commodities division operates in various commodities markets, including oil, gas, power, renewables, ferrous metals, base metals, precious metals, soft commodities, and coal. 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 Agency Execution 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, foreign exchange, 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 improve operational efficiency; and post trade solutions. This division also offers real-time price information for the OTC financial and commodity markets delivering independent data for various asset classes, including rates, foreign exchange and money markets, volatility, oil, energy, inflation, credit, and equities. TP ICAP Group PLC is based in St Helier, Jersey.

How the Company Makes Money

TP ICap generates revenue through a variety of key streams, primarily by charging commissions or fees for facilitating trades between buyers and sellers in the financial markets. The company earns a significant portion of its income from brokerage commissions on transactions executed through its platform, which can vary based on the volume and type of trades. Additionally, TCAP may receive fees for providing market data and analytics services, which offer clients insights into market trends and pricing. The firm also benefits from its relationships with major financial institutions, including banks and hedge funds, which rely on TCAP for liquidity and access to various financial instruments. Strategic partnerships and technological investments further enhance its service offerings, contributing to consistent revenue growth.

TP ICap Financial Statement Overview

Summary

TP ICAP shows a strong financial position with robust cash flows and a stable balance sheet. While revenue growth is modest, profitability and cash management are effective. Key areas to watch include maintaining EBIT margins and further reducing leverage.

Income Statement

The company demonstrates stable revenue with a slight decline from the previous year. Gross profit margin remains strong, indicating efficient cost management. However, there is a notable decrease in EBIT and EBITDA margins, reflecting challenges in maintaining operating efficiency. The net profit margin improved significantly, showing better cost controls and profitability.

Balance Sheet

The balance sheet shows a healthy equity ratio, indicating a strong financial structure. Debt-to-equity ratio has improved, signifying lower leverage risk. Return on Equity is positive, highlighting effective use of equity to generate profits. Overall, the company's financial stability is solid with reduced debt levels.

Cash Flow

Operating cash flow has increased, enhancing liquidity position. Free cash flow is robust, reflecting effective cash management. The company exhibits strong cash flow to net income ratios, indicating healthy cash generation relative to earnings. Overall, cash flow management appears strong and supportive of financial flexibility.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

TP ICap Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 255.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TCAP, the sentiment is Negative. The current price of 255.5 is above the 20-day moving average (MA) of 254.33, above the 50-day MA of 255.19, and below the 200-day MA of 263.93, indicating a bearish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 46.31 is Neutral, neither overbought nor oversold. The STOCH value of 28.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TCAP.

TP ICap Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
TCAP	74 Outperform	£1.79B	10.75	8.74%	6.35%	5.77%	81.14%
INVP	68 Neutral	£11.52B	8.64	12.21%	6.78%	-2.34%	2.55%
CAV	60 Neutral	£38.36M	23.84	3.69%	7.96%	-9.55%	―
PEEL	58 Neutral	£136.50M	27.53	4.84%	―	15.42%	―
CBG	51 Neutral	£713.69M	-7.15	-9.28%	―	-15.79%	-211.91%
WHI	48 Neutral	£9.90M	―	―	―	―	―

TP ICap Corporate Events

TP ICAP Reports Revenue Growth Amidst Mixed Divisional Performance

TP ICAP Group plc reported a 7% increase in group revenue for the first nine months of 2025, reaching £1,783 million, driven by strong performances in its Global Broking and Liquidnet divisions. However, the Energy & Commodities division saw a decline due to competition for broking talent, though a strong hiring pipeline is expected to yield benefits from 2026. The company remains focused on sustainable growth for its Parameta Solutions division and is considering a potential minority US listing. The Board is confident about meeting full-year market expectations for adjusted EBIT, with a significant portion of revenues and costs being USD-denominated.

The most recent analyst rating on (GB:TCAP) stock is a Buy with a £294.00 price target. To see the full list of analyst forecasts on TP ICap stock, see the GB:TCAP Stock Forecast page.