PLUS

Plus500 (PLUS)

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Company name:	Plus500 Ltd
EPIC:	PLUS	Trading Currency:	GBX
Market Sector:	F25T	ISIN:	IL0011284465
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.plus500.co.uk/	Description:	ORD ILS0.01 (DI)
Industry Sector:	SOFTWARE & COMPUTER SERVICES

Price	Price Change [%]	Bid	Ask	Open	High	Low	Volume
1,951.00	0.0 [0.00]	1,957.00	1,959.00	-	-	-	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
1,949.94	99.95	0.07	254.45	88.12	7.67	4.52	1,977.00 - 1,268.50

Plus500 Key Figures

Key Figures
(at previous day's close)
Market Cap.	1,949.94	m
Shares In Issue	99.95	m
Prev. Close	1,951.00
PE Ratio	7.67
Dividend Yield	4.52	%
EPS - basic	254.45	p
Dividend PS	88.12	p
Dividend Cover	-
Cash Flow PS	300.02	p
Return On Equity (ROE)	46.97	%
Operating Margin	53.76	%
PEG Factor	-0.22
EPS Growth Rate	-35.03	%
Dividends PS Growth Rate	-33.14	%
Net Debt	-434.81	m
Gross Gearing	19.63	%
Quick Assets	581.67	m
Net Working Capital	465.57	m
Intangibles / Fixed Assets	77.35	%
Turnover PS	531.75	p
Pre-Tax Profit PS	285.89	p
Retained Profit PS	122.60	p
Cash PS	554.54	p
Net Cash PS	438.38	p
Net Tangible Asset Value PS *	468.56	p
Net Asset Value PS	489.28	p
Spread	2.00 (0.10%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Plus500 Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	1,977.00	1,833.00
4 weeks	1,977.00	1,692.00
12 weeks	1,977.00	1,692.00
1 year	1,977.00	1,268.50

Share Price Chart (5 years)

Plus500 Historic Returns

%1$s Historic Returns
Giorni da oggi ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,891.00	60.00	3.17	1,833.00	0.37		1,886.64
4 weeks	1,706.00	245.00	14.36	1,692.00	0.25		1,857.05
12 weeks	1,845.00	106.00	5.75	1,692.00	0.25		1,832.99
26 weeks	1,700.00	251.00	14.76	1,594.00	0.35		1,771.97
1 year	1,455.50	495.50	34.04	1,268.50	0.36		1,651.00
3 years	917.60	1,033.40	112.62	650.80	0.48		1,363.55
5 years	1,077.00	874.00	81.15	399.70	0.76		1,211.52
† periods calculated are whole weeks rather than calendar months

Plus500 Key Management Ratios

DEEPER ANALYSIS

Plus500 Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	2.86
PE Ratio	7.67
Tobin's Q Ratio	2.70
Tobin's Q Ratio (excl. intangibles)	2.77
Dividend Yield	4.52	%
Market-to-Book Ratio	3.99
Price-to-Pre-Tax Profit PS	6.82
Price-to-Retained Profit PS	15.91
Price-to-Cash Flow PS	6.50
Price-to-Sales PS	3.67
Price-to-Net Tangible Asset Value PS	4.16
Price-to-Cash PS	3.52
Net Working Capital PS	465.83
Price Pct to Working Capital PS	4.19	%
Earnings Yield	13.04	%
Average PE	4.68
Years in average	5
PE to PE average	163.88	%

Plus500 Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	0.68	%
Debt-to-Equity Ratio	0.01
Debt-to-Equity Ratio (excl. Intgbl)	0.01
Debt-to-Equity Market Value	0.00
Net Gearing	-71.46	%
Net Gearing (excl. Intangibles)	-73.98	%
Gross Gearing	19.63	%
Gross Gearing (excl. Intangibles)	20.32	%
Gearing Under 1 Year	19.08	%
Gearing Under 1 Year (excl. Intgbl)	19.75	%
Assets/Equity	1.24
Cash/Equity	113.34
(Liquidity Ratios)
Net Working Capital to Total Assets	76.52	%
Current Ratio	5.01
Quick Ratio (Acid Test)	5.01
Liquidity Ratio	4.77
Cash & Equiv/Current Assets	95.28	%
(Solvency Ratios)
Enterprise Value	1,399.03	m
CFO/Sales	0.56
CFO/Attributable Profit	1.31
CFO/Assets	0.49
CFO/Debt	2.51
Total Debt/Equity Market Value	0.06
Total Debt/Sales	0.22
Total Debt/Pre-Tax Profit	0.42
Total Debt	119.42	m
Total Debt/Net Current Assets	0.26	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	31.36	%
5 yr Compound Earnings Growth	11.82	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	3

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.0743	0.2544

Plus500 Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	58.04	%
Return On Assets (ROA)	31.83	%
Net Profit Margin	43.22	%
Assets Turnover	0.74
Return On Equity (ROE)	46.97	%
Return On Investment (ROI)	37.39	%
Dividend Payout Ratio	38.94	%
Plowback Ratio	61.06	%
Growth from Plowback Ratio	23.05	%
Net Income Of Revenues	23.06	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.87
Fixed Assets Turnover	23.78
Current Assets Turnover	0.76
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	1.36
Debtors-to-Sales	5.17	%
Debt Collection Period	18.85	Days

Plus500 Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
15 Feb 2022	Final	USX	37.77	12/31/2020	12/31/2021	02/24/2022	02/25/2022	07/11/2022	119.16
15 Feb 2022	Special	USX	22.18	12/31/2020	12/31/2021	02/24/2022	02/25/2022	07/11/2022	-
17 Aug 2021	Interim	USX	59.21	12/31/2020	12/31/2021	08/26/2021	08/27/2021	11/11/2021	-
17 Feb 2021	Final	USX	54.22	12/31/2019	12/31/2020	02/25/2021	02/26/2021	07/12/2021	178.23
17 Feb 2021	Special	USX	28.70	12/31/2019	12/31/2020	02/25/2021	02/26/2021	07/12/2021	-
11 Aug 2020	Interim	USX	95.31	12/31/2019	12/31/2020	08/20/2020	08/21/2020	11/11/2020	-
12 Feb 2020	Final	USX	37.67	12/31/2018	12/31/2019	02/27/2020	02/28/2020	07/13/2020	65.01
13 Aug 2019	Interim	USX	27.34	12/31/2018	12/31/2019	08/29/2019	08/30/2019	11/28/2019	-
12 Feb 2019	Final	USX	61.91	12/31/2017	12/31/2018	02/21/2019	02/22/2019	07/09/2019	199.77
14 Aug 2018	Interim	USX	137.86	12/31/2017	12/31/2018	08/23/2018	08/24/2018	11/22/2018	-
14 Feb 2018	Special	USX	63.50	12/31/2016	12/31/2017	02/22/2018	02/23/2018	07/23/2018	-
14 Feb 2018	Final	USX	81.29	12/31/2016	12/31/2017	02/22/2018	02/23/2018	07/23/2018	168.66
07 Aug 2017	Interim	USX	23.87	12/31/2016	12/31/2017	09/07/2017	09/08/2017	09/23/2017	-
07 Feb 2017	Special	USX	27.29	12/31/2015	12/31/2016	03/02/2017	03/03/2017	07/03/2017	-
07 Feb 2017	Final	USX	37.99	12/31/2015	12/31/2016	03/02/2017	03/03/2017	07/03/2017	88.52
05 Sep 2016	Interim	USX	23.24	12/31/2015	12/31/2016	09/15/2016	09/16/2016	11/17/2016	-
17 Feb 2016	Final	USX	29.22	12/31/2014	12/31/2015	03/24/2016	03/29/2016	05/11/2016	84.05
17 Feb 2016	Special	USX	33.62	12/31/2014	12/31/2015	03/24/2016	03/29/2016	05/11/2016	-
15 Dec 2015	Interim	USX	21.21	12/30/2014	06/30/2015	01/07/2016	01/08/2016	02/29/2016	-
25 Feb 2015	Final	USX	30.00	12/31/2013	12/31/2014	03/19/2015	03/20/2015	05/15/2015	80.00
25 Feb 2015	Special	USX	27.00	12/31/2013	12/31/2014	03/19/2015	03/20/2015	05/15/2015	-
13 Aug 2014	Interim	USX	23.00	12/30/2013	06/30/2014	08/20/2014	08/22/2014	09/19/2014	-
19 Feb 2014	Final	USX	15.00	12/31/2012	12/31/2013	03/12/2014	03/14/2014	05/01/2014	36.00
19 Feb 2014	Special	USX	14.00	12/31/2012	12/31/2013	03/12/2014	03/14/2014	05/01/2014	-
27 Aug 2013	Interim	USX	7.00	12/30/2012	06/30/2013	09/04/2013	09/06/2013	10/03/2013	-

Plus500 Fundamentals

Profit and Loss Account
	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
turnover	720.40	100.00%	354.50	100.00%	872.50	100.00%	718.70	100.00%	m
pre tax profit	503.00	69.82%	189.30	53.40%	523.30	59.98%	386.40	53.76%	m
attributable profit	379.00	52.61%	151.70	42.79%	500.10	57.32%	310.60	43.22%	m
retained profit	57.10	7.93%	50.60	14.27%	358.50	41.09%	165.70	23.06%	m
eps - basic	333.00		135.00		471.00		306.00
eps - diluted	333.00		135.00		471.00		305.00
dividends per share	199.77		65.01		178.23		119.16

Plus500 Balance Sheet

Balance Sheet
	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)


	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
ASSETS
fixed assets	3.10	0.93%	2.80	0.88%	2.50	0.40%	8.20	1.00%	m
intangibles	0.20	0.06%	-	-%	6.00	0.97%	28.00	3.40%	m
fixed investments	-	-%	5.30	1.67%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	14.30	4.30%	15.90	5.02%	17.80	2.87%	37.10	4.51%	m
cash & securities	315.30	94.71%	292.90	92.43%	593.90	95.76%	749.50	91.09%	m

TOTAL	332.90	100%	316.90	100%	620.20	100%	822.80	100%	m

LIABILITIES
creditors - short	51.90	15.59%	28.70	9.06%	57.50	9.27%	157.00	19.08%	m
creditors - long	0.30	0.09%	4.10	1.29%	7.10	1.14%	4.50	0.55%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	52.20	15.68%	32.80	10.35%	64.60	10.42%	161.50	19.63%	m

EQUITY
ord cap, reserves	280.70	84.32%	284.10	89.65%	555.60	89.58%	661.30	80.37%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	280.70	84.32%	284.10	89.65%	555.60	89.58%	661.30	80.37%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Plus500 Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (USD)	31 Dec 2019 (USD)	31 Dec 2020 (USD)	31 Dec 2021 (USD)
Operating CF	400.40	127.30	528.70	405.50	m
Pre-Financing CF	399.70	127.20	528.40	372.20	m
Retained CF	75.50	-22.90	296.20	160.40	m

Plus500 Brokers

Broker infomation is not available for this class of share.

Quotes:

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PLUS

Plus500 (PLUS)

Plus500 Key Figures

Plus500 Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Plus500 Historic Returns

Plus500 Key Management Ratios

Plus500 Investment Ratios

Plus500 Financial Ratios

Plus500 Operating Ratios

Plus500 Dividends

Plus500 Fundamentals

Plus500 Balance Sheet

Plus500 Cash Flow Statement

Plus500 Brokers