# GCP Infrastructure Investments Limited (GCP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 85p, market value 642 millionp.

## Valuation
- **P/E (trailing): 21.1×** (5-yr avg 2164.3×, 3-yr avg 2933.3×). GCP Infrastructure Investments Limited trades at 21.1× trailing earnings, well below its own five-year average of 2164.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 14.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.3×**. Each dollar of revenue is priced at 4.3×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 20.9×**. Enterprise value is 20.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 15.9%** (5-yr avg 0.1%). Free cash flow equals 15.9% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.7%**. The inverse of the P/E: 4.7% of the price is earned each year.

## Profitability
- **Gross margin: 92.0%**. GCP Infrastructure Investments Limited keeps 92.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 33.1%**. 33.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 71.7%**. 71.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.2%**. 2.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.8%**. Return on all capital, debt included, is 5.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 5.2%**. Each dollar of assets produces 5.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 14.7%** (3-yr -26.1%/yr, 5-yr -20.6%/yr). Revenue grew 14.7% over the last year, against -20.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -4.4%** (3-yr -48.8%/yr). Earnings per share fell 4.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -3.5%/yr**. Free cash flow has compounded at -3.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 12 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 8.30%** (0p per share, trailing). GCP Infrastructure Investments Limited yields 8.30%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 326%** (117% of free cash flow). The dividend exceeds earnings (326% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): -1.6%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 13.0%**. Dividends plus net buybacks return 13.0% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (2 analysts). 2 analysts cover GCP Infrastructure Investments Limited; the consensus is buy, with an average price target of 83p (-2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 13.9%** (YTD 12.8%, 3-mo 9.1%). The shares are up 13.9% over twelve months including dividends.
- **From 52-week high: -1.2%** (21.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.21** (volatility 15%). Beta of 0.21 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GCP.L · Page: https://foliofundamentals.com/stocks/gcp.l

Not investment advice.