CLOSE BROS GROUP PLC ORD GBP0.25
Symbol: CBG
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Company
Business Summary
Close Brothers Group plc is a United Kingdom-based merchant banking company providing lending, deposit taking, and securities trading. The Company’s segments include Commercial, Retail, Property, Asset Management and Securities. The commercial segment lends to small and medium-sized enterprises through its direct sales force and third-party distribution channels. This segment includes asset finance, and invoice and specialty finance. The retail segment provides finance to individuals and businesses through a network of intermediaries. This segment includes motor finance and premium finance. The property segment includes property finance and commercial acceptances. The asset management segment provides financial advice and investment management services to private clients in the United Kingdom. The securities segment is a market maker, delivering execution services to stockbrokers, institutional investors and other market counterparties.
Financial Summary
BRIEF: For the six months ended 31 January 2025, Close Brothers Group plc interest income increased 3% to £576.8M. Net interest income after loan loss provision decreased 68% to £79.9M. Net loss before extraordinary items totaled £112.9M vs. income of £63.8M. Net interest income after loan loss provision reflects Retail Finance segment decrease of 1% to £94M, Net Interest Margin, Total -% decrease of 4% to 7.2%.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/07/2024 |
31/07/2023 |
31/07/2022 |
31/07/2021 |
31/07/2020 |
31/07/2019 |
---|---|---|---|---|---|---|
Total Revenue | NIL | NIL | NIL | NIL | NIL | NIL |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | NIL | NIL | NIL | NIL | NIL | NIL |
Profit Before Tax | 142.00 | 112.00 | 232.80 | 265.20 | 140.90 | 264.70 |
Profit After Tax | 100.40 | 81.10 | 165.20 | 202.10 | 109.50 | 200.30 |
Equity Holders of Parent Company | 100.40 | 81.10 | 165.20 | 202.10 | 109.50 | 201.60 |
Minority Interest | NIL | -0.80 | -1.00 | -1.00 | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/07/2024 |
31/07/2023 |
31/07/2022 |
31/07/2021 |
31/07/2020 |
31/07/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 14,080.80 | 13,550.30 | 12,678.30 | 12,034.50 | 11,071.50 | 10,561.30 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 14,080.80 | 13,550.30 | 12,678.30 | 12,034.50 | 11,071.50 | 10,561.30 |
Total Liabilities | 12,238.30 | 11,906.40 | 11,021.80 | 10,465.20 | 9,620.90 | 9,153.90 |
Total Net Assets | 1,842.50 | 1,643.90 | 1,656.50 | 1,569.30 | 1,450.60 | 1,407.40 |
Shareholders Funds | 1,842.50 | 1,644.90 | 1,657.50 | 1,570.30 | 1,450.60 | 1,407.40 |
Minority Interests | NIL | -0.80 | -1.00 | -1.00 | NIL | NIL |
Total Equity | 1,842.50 | 1,643.90 | 1,656.50 | 1,569.30 | 1,450.60 | 1,407.40 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy3 |
Buy2 |
Neutral6 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 3 | 2 | 6 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 | 2027 |
---|---|---|---|
Revenue | £777.75mn | £780.71mn | £806.22mn |
Pre-tax-Profit | £197.78mn | £214.11mn | £230.30mn |
EPS | £0.58p | £0.60p | £0.69p |
EPS Growth | -23.86% | 3.12% | 14.96% |
P/E | 5.7 | 4.99 | 4.34 |
PEG Ratio | -0.24 | 1.60 | 0.29 |
Dividend | 0.00p | 0.00p | 0.00p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
27th Mar 2025 | Keefe, Bruyette & Woods | Reiteration | 331p | 0p | 430p | Outperform |
18th Mar 2025 | Shore Capital | Reiteration | 271p | 0p | 0p | Buy |
3rd Mar 2025 | Shore Capital | Reiteration | 335p | 0p | 0p | Buy |
13th Feb 2025 | Deutsche | Reiteration | 338p | 610p | 600p | Hold |
7th Jan 2025 | Shore Capital | Reiteration | 226p | 0p | 0p | Buy |
22nd Nov 2024 | Deutsche | Reiteration | 200p | 0p | 610p | Buy |
21st Nov 2024 | Shore Capital | Reiteration | 214p | 0p | 0p | Buy |
25th Oct 2024 | Shore Capital | Reiteration | 277p | 0p | 0p | Buy |
16th Oct 2024 | Shore Capital | Reiteration | 384p | 0p | 0p | Buy |
16th Sep 2024 | Shore Capital | Reiteration | 520p | 0p | 0p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
2 May 2025 | 16:35 | 329.4 | 196,743 | Sell |
2 May 2025 | 16:35 | 329.4 | 2,470 | Sell |
2 May 2025 | 16:29 | 321.8 | 1 | Sell |
2 May 2025 | 16:29 | 323.6 | 10 | Buy |
2 May 2025 | 16:29 | 323.8 | 10 | Buy |
2 May 2025 | 16:29 | 323 | 227 | Sell |
2 May 2025 | 16:28 | 323.372 | 1,000 | Sell |
2 May 2025 | 16:28 | 323.2 | 306 | Sell |
2 May 2025 | 16:28 | 323.4 | 189 | Sell |
2 May 2025 | 16:27 | 324 | 18 | Buy |
2 May 2025 | 16:27 | 324 | 25 | Buy |
2 May 2025 | 16:27 | 323.6 | 169 | Sell |
2 May 2025 | 16:27 | 323.6 | 212 | Sell |
2 May 2025 | 16:27 | 323.6 | 209 | Sell |
2 May 2025 | 16:27 | 324.836 | 720 | Buy |
2 May 2025 | 16:27 | 323.6 | 387 | Sell |
2 May 2025 | 16:27 | 323.6 | 23 | Sell |
2 May 2025 | 16:26 | 324.2 | 377 | Sell |
2 May 2025 | 16:26 | 324.2 | 19 | Sell |
2 May 2025 | 16:26 | 324.2 | 94 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.