Celtic plc (LSE: CCP) went public in September 1995 at £0.60 per share and gained by 686.67% within 16 months to hit an all-time high in January 1997 of £4.72 per share. At its all-time high, CCP had a market cap of £136.88 million with revenue of £16.055 million and was valued at 8.53X revenue.
If CCP were to return to £4.72 per share today, it would have a market cap of £447.308 million with net cash of £67.327 million for an enterprise value of £379.98 million. CCP as of December 31, 2023, has record high trailing twelve-month revenue of £128.53 million.
CCP at £4.72 per share or $5.97 per share (for CLTFF) today would have an enterprise value of only 2.96X revenue.
The only other publicly traded UK based football club Manchester United (MANU) is trading with an enterprise value of 4X revenue.
MANU lost money during 5 of the last 6 years. CCP was profitable during 5 of the last 6 years.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
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