Polar Capital Global Healthcare Trust plc(PCGH)
GBX --+0.00%
47Reward
53Risk
📊50%Data
PCGH
+0.0 · +0.00%
GBX · LSE
Polar Capital Global Healthcare Trust plc | Financial Services
Earnings Deterioration
Market Cap:395.22M
ℹ️
Reward Rating
47
Moderate
Bottom 25% stock
50% data coverage
ℹ️
Risk Rating
53
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data and financial metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

ℹ️ Educational tool only · More

Market Performance

Stock returned +10.0% over the past year, broadly in line with market conditions.

What is Polar Capital Global Healthcare Trust plc?

Polar Capital Global Healthcare Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. The company is listed on the LSE in UK, operating in the Financial Services sector, with a market capitalisation of 395.22M.

Financial Highlights

Investment Breakdown

📈 Growth
Moderate growth momentum — positive trajectory without breakout acceleration.
💰 Profitability
Thin or inconsistent margins weigh on earnings quality.
⚠️ Risk
Performance tied to macro conditions — sensitive to interest rate cycles.
💸 Valuation
Valuation is less clear with a negative earnings base.

OpenBook Logo Analysis

Reward: Moderate (47)

The scoring profile indicates limited reward potential at this time, with valuation and growth offering the most support. Risk indicators are elevated — volatility and macro sensitivity warrant consideration.

For informational purposes only. Not financial advice.

Company Information
SectorFinancial Services
Market Cap395.22M
P/E RatioN/A
Dividend YieldN/A
52 Week High437.967
52 Week Low283.2923
Last AnnualSeptember
IPO DateN/A
IncorporatedUK
Shares Outstanding98M
No. of EmployeesN/A
IndustryAsset Management
ExchangeLSE
Beta1.04
CurrencyGBX

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

Annual Returns

Calendar year performance

Insufficient price history.
Fundamentals
Fundamentals Insights
Educational tool only. Not financial advice.

Business Snapshot

  • Revenue TrendDecelerating
  • Profitability TrendImproving
  • Balance Sheet StrengthStrong
  • Cash GenerationModerate

Risk Flags

Structural indicators detected (5):
Growth
  • Revenue remains 140.9% below the prior peak from 2021.
Profitability
  • Dividends exceeded free cash flow in the latest year.
  • Free cash flow margin was below 0% in 3 of the last 5 years.
Balance Sheet
  • Interest coverage is 0.00x (below 3.0x).
  • Net debt has shown elevated year-over-year volatility.

What Changed This Year

Compared to 2024:
  • Revenue↓ 160.6%
  • Net Income↓ 143.4%
  • Operating Income↓ 142.8%
  • EBITDA↓ 142.8%

Income Statement

CAGR: N/A
CAGR: N/A
CAGR: N/A

Balance Sheet

CAGR: N/A
CAGR: N/A
CAGR: N/A
CAGR: N/A

Cash Flow

CAGR: N/A
CAGR: N/A
CAGR: N/A

Key Ratios

Net Margin
105.34%
Net Income / Revenue
Operating Margin
103.36%
Operating Income / Revenue
ROE
-6.26%
Net Income / Equity
Debt-to-Equity
-0.04x
Net Debt / Equity
FCF Yield
-0.36%
FCF / Market Cap

Community Discussion

4 today

Share your insights and read what others think about Polar Capital Global Healthcare Trust plc

4 posts
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John Investor · 2 hours agoBullish
Really impressive Q3 results. Revenue growth of 15% YoY is strong given the current market conditions. The management team seems to be executing well on their strategic plan.
Sarah Chen · 5 hours agoBearish
Concerned about the increasing debt levels. While the P/E ratio looks attractive, the debt-to-equity ratio has been climbing. Would like to see more focus on deleveraging in the next few quarters.
Mike Trading · 1 day agoBullish
Been holding this for 3 years now. Solid dividend yield and consistent performance. Great for long-term investors looking for stability.
Emma Watson · 1 day agoNeutral
What are people's thoughts on the upcoming merger announcement? Could be a game changer for the industry.
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AI-powered community insights

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AI Community Insights

Analysis of the past 4 weeks

Community Summary

Community sentiment analysis...

Sentiment Analysis

Community engagement metrics

This Week

Total Posts12
Active Users8
Avg. Posts/Day2

Community Sentiment

Bullish50%
Neutral25%
Bearish25%
Ownership Analysis
Key Takeaway

Mixed ownership structure with varying levels of insider, institutional, and public participation.

0.5% Insider 63.8% Institutional 35.8% Float
Insider
Institutional
Public Float
64%
Total Owned
0.5%
Insider

Insider Ownership

Bearish

Insiders own 0.5%, which points to limited direct management ownership.

63.8%
Institutional

Institutional Ownership

Strong

Institutions own 63.8%, indicating strong support from professional investors.

35.8%
Public

Public Float

Low

Public float is 35.8%, which points to a fairly balanced ownership structure.

Reward Rating Breakdown

Our reward rating analyses PCGH's potential upside using 5 weighted factors. Each factor is scored 0-100, then combined using the weights shown below.

Overall Reward Rating
47
Moderate REWARD
Data Coverage: 50%

📈 Growth

Weight: 40%
50/100

Growth measures the company's ability to expand its business over time through revenue, earnings, and cash flow generation.

Historical (60%)
Revenue CAGR (3yr)
Neutral
Net Income CAGR (3yr)
Neutral
FCF CAGR (3yr)
Neutral
Forward Estimates (40%)
Rev Est Growth (NTM)
Neutral
EPS Est Growth (NTM)
Neutral
Analyst Target Upside
Neutral
🤖AI Analysis

Insufficient data available to assess growth metrics. Score defaulted to neutral (50).

🚀 Momentum

Weight: 25%
50/100

Momentum is assessed relative to the FTSE 100 benchmark where available. Relative outperformance is a stronger signal than absolute return alone.

12M vs Benchmark 30%
Absolute return
No Benchmark
6M vs Benchmark 25%
Absolute return
No Benchmark
3M Return 20%
Neutral
Consistency 15%
3m vs 1Y/4 normalised
No Data
Volume Trend 10%
30d vs 90d avg volume
Neutral
🤖AI Analysis

Insufficient price history to assess momentum. Score defaulted to neutral (50).

💰 Profitability

Weight: 20%
33/100

Profitability examines both the current margin level and margin expansion trends. High and expanding margins indicate pricing power and operational efficiency.

Gross Margin 25%
Sector avg 45%
No Data
Net Margin 20%
Sector avg 10%
No Data
FCF Conversion 20%
0%
FCF / Net Income
Very Bad
EBIT Growth (3yr) 15%
Neutral
ROE (TTM) 10%
1773.1%
Very Good
ROA (TTM) 10%
0.0%
Very Bad
🤖AI Analysis

Insufficient profitability data available. Score defaulted to neutral (50).

💎 Valuation

Weight: 15%
51/100

Valuation is scored sector-relative — each metric is compared against the typical multiple for this industry, so a high P/E in Healthcare is judged differently to a high P/E in Energy. PEG and Price/FCF use absolute thresholds.

PEG Ratio 25%
0.00
No Data
EV/EBITDA 25%
0.0x
Sector avg 12x
Exceptional Value
Fwd P/E 20%
0.0x
Sector avg 18x
Very Expensive
Price/FCF 20%
No Sector Data
EV/Sales 10%
5.9x
Sector avg 2x
Very Expensive
🤖AI Analysis

PCGH received a valuation score of 51/100 using sector-relative scoring. Its Forward P/E of 0.0x is 100% below the sector average of 18x. EV/EBITDA of 0.0x sits 100% below the sector norm of 12x. Overall the stock trades broadly in line with sector norms.

⚠️

Educational Tool Only

The reward rating and analysis shown above are based on historical financial data and quantitative metrics, provided for informational and educational purposes only. This is not financial advice and should not be interpreted as a recommendation to buy, sell, or hold any security. Past performance does not guarantee future results. Always conduct your own research or consult a qualified financial adviser before making investment decisions.

Risk Rating Breakdown

Our risk rating assesses PCGH's downside potential using 4 weighted factors. Each factor is scored 0-100 (higher = riskier), then combined using the weights shown below.

Overall Risk Rating
53
Moderate RISK
Data Coverage: 100%

⚖️ Financial Solvency

Weight: 35%
27/100

Financial Solvency measures the company's ability to service and repay its debt obligations. Five sub-metrics are weighted to produce the composite score.

Interest Coverage (25%)
0.0x
Danger Zone
Net Debt / EBITDA (20%)
Net Cash
Net Cash
Current Ratio (20%)
2.04x
Strong
Debt Trend 3yr (15%)
-126%
Rapidly Improving
FCF / Debt Coverage (20%)
Net Cash
No Debt
🤖AI Analysis

PCGH has a financial solvency risk score of 27/100. This shows low leverage risk and a healthy balance sheet. Interest coverage of 0.0x means earnings comfortably exceed debt service. Current ratio of 2.04x confirms strong short-term liquidity. The company has flexibility to invest, return capital, or absorb unexpected shocks.

💼 Operational Quality

Weight: 30%
83/100

Operational Quality measures bottom-line efficiency, cash generation, capital productivity, and margin consistency — four equally weighted signals of business model resilience.

Net Margin (25%)
FCF Margin (25%)
Cash ROA (25%)
-0.3%
Poor
Margin Stability (25%)
±23.8pp
Unstable
🤖AI Analysis

PCGH scores 83/100 for operational quality, indicating high operational risk. Key concerns: weak capital efficiency with -0.3% Cash ROA; significant margin instability of ±23.8pp over 3 years — the primary risk driver here. These weaknesses make the business vulnerable to cost shocks or revenue shortfalls. Monitor profitability trends closely.

📉 Volatility

Weight: 25%
50/100

Volatility measures price instability, worst-case drawdowns, and sensitivity to broader market moves.

Annualised Volatility (35%)
Max Drawdown (35%)
Beta (30%)
1.04
Market-Like
🤖AI Analysis

PCGH has a volatility risk score of 50/100. This represents moderate-to-elevated volatility — above average but manageable. Investors should expect periodic double-digit declines but can ride them out with patience.

📊 Size Factor

Weight: 10%
65/100

Size factor captures existential risk. Smaller companies have higher failure rates, less diversification, and greater vulnerability to shocks.

Market Cap
£0.4B
Neutral
Size Category
Micro Cap
Neutral
🤖AI Analysis

PCGH has a market cap of £0.4B (Micro Cap), resulting in a size risk score of 65/100. As a smaller company, it faces elevated existential risk. Small and micro-caps have higher failure rates, less diversified revenue, and greater vulnerability to competitive threats or economic shocks. They often lack scale advantages and may struggle to access capital markets during stress. While these companies offer growth potential, investors must accept that a meaningful percentage could fail or suffer permanent capital loss. Diversification is critical when investing at this size.

ℹ️

Educational Tool Only

The risk rating and analysis shown above are based on historical financial data and quantitative metrics, provided for informational and educational purposes only. This is not financial advice and should not be interpreted as a recommendation to buy, sell, or hold any security. Past performance does not guarantee future results. Always conduct your own research or consult a qualified financial adviser before making investment decisions.

Analyst Forecasts

Forward-looking estimates from the analyst community for PCGH.

Street ViewBalanced
Balanced setup with +0.0% revenue growth and +0.0% EPS growth.
Consensus
+0.0% revenue growth
Confidence
Limited visibility
Watch Item
Execution needs to hold
Strong growth expectations leave less room for disappointment if execution slows.
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Yearly Revenue and 2-Year Forecast

Reported revenue for the last 5 years, followed by low, consensus, and high analyst revenue estimates for the next two years. Consensus revenue implies +0.0% YoY growth