HgCapital Trust (LSE: HGT)

Currency in GBP

Last close As at 17/03/2023

GBP3.40

9.50 (2.88%)

Market capitalisation

GBP1,543m

HgCapital Trust’s investment objective is to provide shareholders with consistent long-term returns in excess of the UK All-Share Index by investing predominantly in unquoted companies where value can be created through strategic and operational change.

Latest Insights

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Investment Companies

HgCapital Trust — Improving its commitment coverage ratio

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HgCapital Trust – The King of ‘Dulltech’

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Laura Dixon

    Senior Investor Relations Manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (8.6) (4.5) (19.2)
Relative (1.3) (5.5) (18.7)
52 week high/low 454.0p/312.0p

Overview

HgCapital Trust (HGT) posted a 5.4% NAV total return (TR) in FY22, mostly assisted by continued good earnings momentum (revenue and EBITDA across the top 20 holdings increased in 2022 by 30% and 25%, respectively) and the average 28% uplift to end-2021 carrying value achieved on exits. This was only partly offset by lower multiples and higher net debt across HGT’s portfolio (with net debt to last 12-month EBITDA for the top 20 holdings at 8.0x at end-2022). HGT’s recent balance sheet measures strengthen its near- to medium-term liquidity.

Research

Investment Companies

HgCapital Trust — Improving its commitment coverage ratio

Investment Companies

HgCapital Trust – The King of ‘Dulltech’

Investment Companies

HgCapital Trust — The King of ‘Dulltech’

Investment Companies

HgCapital Trust — NAV total return of 36% in 9M21

Investment Companies

HgCapital Trust — Strong momentum continues

Investment Companies

HgCapital Trust — Posting a 24% NAV total return in FY20

Thematics

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