TOC Property Backed Lending Trust Plc provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom.
+ 1 more risk
Unattractive dividend payer and overvalued.
Share Price & News
How has TOC Property Backed Lending Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PBLT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PBLT underperformed the UK Mortgage industry which returned 8.9% over the past year.
Return vs Market: PBLT underperformed the UK Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is TOC Property Backed Lending Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Buy TOC Property Backed Lending Trust Plc (LON:PBLT) For Its Dividend?
1 month ago | Simply Wall StWhy TOC Property Backed Lending Trust Plc's (LON:PBLT) High P/E Ratio Isn't Necessarily A Bad Thing
3 months ago | Simply Wall StIs TOC Property Backed Lending Trust Plc (LON:PBLT) An Attractive Dividend Stock?
Is TOC Property Backed Lending Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PBLT (£1.04) is trading above our estimate of fair value (£0.53)
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 (36.2x) compared to the Mortgage industry average (9.2x).
PE vs Market: PBLT is poor value based on its PE Ratio (36.2x) compared to the UK market (18.6x).
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 (1.1x) compared to the GB Mortgage industry average (1.2x).
How is TOC Property Backed Lending Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of PBLT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- TOC Property Backed Lending Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Banks industry.
How has TOC Property Backed Lending Trust performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: PBLT has high quality earnings.
Growing Profit Margin: PBLT's current net profit margins (53.3%) are lower than last year (71.1%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if PBLT's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: PBLT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PBLT had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Mortgage industry average (-6.9%).
Return on Equity
High ROE: PBLT's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: PBLT has a low level of unsold assets or inventory.
Debt Coverage by Assets: PBLT's debt is covered by short term assets (assets are 38.4x debt).
Financial Institutions Analysis
Asset Level: PBLT's level of assets compared to its equity 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, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PBLT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PBLT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PBLT has an appropriate level of bad loans.
What is TOC Property Backed Lending Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBLT's dividend (5.8%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: PBLT's dividend (5.8%) is in the top 25% of dividend payers in the UK market (5.07%)
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 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (227.1%), PBLT's dividend payments are not well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
TOC Property Backed Lending Trust has no CEO, or we have no data on them.
|Non-Executive Chairman||0.8yrs||no data||0.019% £5.2k|
|Independent Non-Executive Director||3.2yrs||no data||0.19% £51.8k|
|Non-Independent Non-Executive Director||1.8yrs||no data||0.14% £39.0k|
|Independent Non-Executive Director||3.2yrs||no data||0.032% £8.9k|
Experienced Board: PBLT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.
TOC Property Backed Lending Trust Plc's company bio, employee growth, exchange listings and data sources
- Name: TOC Property Backed Lending Trust Plc
- Ticker: PBLT
- Exchange: LSE
- Founded: 2017
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: UK£27.866m
- Shares outstanding: 26.92m
- Website: https://www.tocpropertybackedlendingtrust.co.uk
- TOC Property Backed Lending Trust Plc
- Keel House
- Garth Heads
- Newcastle upon Tyne
- NE1 2JE
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PBLT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jan 2017|
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 invest in financial assets comprising loans and joint venture equity contracts. The company was founded in 2017 and is headquartered in Newcastle upon Tyne, the United Kingdom. TOC Property Backed Lending Trust Plc operates as a subsidiary of Eagle Asset Management, Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 23:43|
|End of Day Share Price||2020/02/21 00:00|
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.