MPC Capital

DB: MPC

€104.3m market cap

€2.96 last close

MPC Capital is an independent asset and investment manager for real assets in the shipping, real estate and infrastructure sectors. It initiates, structures, finances and manages real assets, targeted at institutional investors. It is a subsidiary of MPC Group (c 48% shareholding), founded in 1994 and listed in 2000. AUM as at end June 2019 was €4.2bn.

Investment summary

MPC Capital continues to bring new institutional assets onboard, with c €0.5bn added in 2020 (mostly in the real estate segment). This largely offset the declining legacy retail business, with MPC’s assets under management (AUM) declining slightly to €4.4bn (84% of which are institutional assets) from €4.5bn at end-2019. MPC guides to lower revenue in FY21 (partially due to negative JV consolidation effects) and an improved pre-tax profit, which may benefit from continued strength in the container shipping market and expansion in sustainable assets. The latter includes a €300m ESG housing fund and a US$100m investment vehicle focused on developing green and low-cost energy infrastructure.

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Sector
Financials
Share price graph
Price performance
%
1m
3m
12m
Actual 15.6 22.3 127.7
Relative* 15.1 13.3 61.0
52-week high/low €3.3/€1.0
*% relative to local index
Key management
Roman Rocke Member of the Board
Stefan Zenker Head of IR/PR