MPC Capital

DB: MPC

€65.6m market cap

€1.96 last close

MPC 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 the MPC Group (c 50% shareholding), founded in 1994 and listed in 2000. AUM at 31 December 2016 was €5.1bn.

Investment summary

MPC Capital’s overall performance in 2018 was rather subdued, affected by project delays and low transactional activity, as well as the write-down of a large legacy project. The latter, together with asset disposals, resulted in a decrease in assets under management (AUM) to €4.3bn. However, as MPC also attracted €0.8bn of institutional assets in FY18, the share of new, higher-yielding business in the current AUM has risen. Moreover, the company retained its solid cash position (€28.6m at end-2018) and equity ratio (at 74.3%), and aims at positive EBT in FY19.

Share price graph
Price performance
%
1m
3m
12m
Actual 2.1 (32.6) (65.9)
Relative* (2.1) (38.5) (64.6)
52-week high/low €5.7/€1.7
*% relative to local index
Key management
Roman Rocke Member of the Board
Stefan Zenker Head of IR/PR