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PBLT

TOC Property Backed Lending TrustLSE:PBLT Stock Report

Market Cap

UK£23.2m

7D

0%

1Y

0%

Updated

25 Sep, 2021

Data

Company Financials
PBLT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends3/6

PBLT Overview

TOC Property Backed Lending Trust Plc provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for TOC Property Backed Lending Trust
Historical stock prices
Current Share PriceUK£0.86
52 Week HighUK£0.75
52 Week LowUK£0.88
Beta0.24
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change-16.91%
5 Year Changen/a
Change since IPO-16.91%

Recent News & Updates

Shareholder Returns

PBLTGB MortgageGB Market
7D0%4.5%0.6%
1Y0%54.2%23.4%

Return vs Industry: PBLT underperformed the UK Mortgage industry which returned 54.2% over the past year.

Return vs Market: PBLT underperformed the UK Market which returned 23.4% over the past year.

Price Volatility

Is PBLT's price volatile compared to industry and market?
PBLT volatility
PBLT Beta0.24
Industry Beta1.33
Market Beta1

Stable Share Price: PBLT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: PBLT's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/an/ahttps://www.tocpropertybackedlendingtrust.co.uk

TOC Property Backed Lending Trust Plc provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. It also invests in financial assets comprising loans. The company makes investments primarily through senior secured loans; and other loans, such as bridging loans, subordinated loans, selected loan financings, and other debt instruments.

TOC Property Backed Lending Trust Fundamentals Summary

How do TOC Property Backed Lending Trust's earnings and revenue compare to its market cap?
PBLT fundamental statistics
Market CapUK£23.15m
Earnings (TTM)UK£1.20m
Revenue (TTM)UK£1.35m

19.3x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBLT income statement (TTM)
RevenueUK£1.35m
Cost of RevenueUK£413.00k
Gross ProfitUK£933.00k
Expenses-UK£264.00k
EarningsUK£1.20m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.044
Gross Margin69.32%
Net Profit Margin88.93%
Debt/Equity Ratio0.0%

How did PBLT perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

79%

Payout Ratio

Valuation

Is TOC Property Backed Lending Trust undervalued compared to its fair value and its price relative to the market?

19.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PBLT (£0.86) is trading above our estimate of fair value (£0.5)

Significantly Below Fair Value: PBLT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PBLT is poor value based on its PE Ratio (19.3x) compared to the UK Mortgage industry average (11.3x).

PE vs Market: PBLT is good value based on its PE Ratio (19.3x) compared to the UK market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBLT is good value based on its PB Ratio (1x) compared to the GB Mortgage industry average (1.1x).


Future Growth

How is TOC Property Backed Lending Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TOC Property Backed Lending Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has TOC Property Backed Lending Trust performed over the past 5 years?

-28.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBLT has a large one-off gain of £373.0K impacting its May 31 2021 financial results.

Growing Profit Margin: PBLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PBLT's earnings have declined by 28.1% per year over the past 5 years.

Accelerating Growth: PBLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PBLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (55.5%).


Return on Equity

High ROE: PBLT's Return on Equity (5.3%) is considered low.


Financial Health

How is TOC Property Backed Lending Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PBLT's Assets to Equity ratio (1x) is low.

Allowance for Bad Loans: Insufficient data to determine if PBLT has a sufficient allowance for bad loans.

Low Risk Liabilities: PBLT reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if PBLT has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: PBLT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if PBLT has an appropriate level of bad loans.


Dividend

What is TOC Property Backed Lending Trust current dividend yield, its reliability and sustainability?

4.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PBLT's dividend (4.65%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: PBLT's dividend (4.65%) is in the top 25% of dividend payers in the UK market (3.93%)


Stability and Growth of Payments

Stable Dividend: PBLT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PBLT has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.7%), PBLT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

TOC Property Backed Lending Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: PBLT's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TOC Property Backed Lending Trust Plc's employee growth, exchange listings and data sources


Key Information

  • Name: TOC Property Backed Lending Trust Plc
  • Ticker: PBLT
  • Exchange: LSE
  • Founded: 2016
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: UK£23.155m
  • Shares outstanding: 26.92m
  • Website: https://www.tocpropertybackedlendingtrust.co.uk

Location

  • TOC Property Backed Lending Trust Plc
  • Hamilton Centre
  • Rodney Way
  • Chelmsford
  • Essex
  • CM1 3BY
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:52
End of Day Share Price2021/09/24 00:00
Earnings2021/05/31
Annual Earnings2020/11/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.