Oakley Capital Investments 35% EBITDA growth drives 26% NAV return (Analyst Interview)

Oakley Capital Investments Limited (LON:OCI) January trading statement announced NAV (662p per share), total NAV return (24%), NAV growth driven by EBITDA growth (65%), modest multiple expansion (35%), investments (£271m), realisations (£244m), available finance, including cash

In this note, we explore the factors that have driven the market-beating 22% YTD 2022 NAV growth, the 15% growth we expect in 2023 and the 35% NAV discount. In addition to fuelling returns, further exits

In this note, we explore the factors that have driven the market-beating 22% YTD 2022 NAV growth, the 15% growth we expect in 2023 and the 35% NAV discount. In addition to fuelling returns, further exits

We believe a significant driver to the whole listed PE sector trading at a large discount to NAV is investors’ concerns about whether the NAVs are real and conservative, and whether they can grow. For Oakley Capital

On a wet day in May, Oakley Capital Investments Limited (LON:OCI) CM Day was a ray of sunshine, explaining how it has delivered the impressive market- and peer-beating 19% NAV CAGR growth 2017-21 (6% 1Q’22), and

Oakley Capital Investments Limited (LON:OCI) full-year results were strong, with an annual total NAV return of 35% (three quarters of which was driven by underlying company EBITDA growth of 28%). This brings OCI’s five-year CAGR NAV

Following the strengths in education investments reported in Oakley Capital Investments Limited (LON:OCI) January trading statement, we note that the sector’s attractions include i) structural growth, ii) defensive revenue, iii) high barriers to entry, iv) strong