AIM:BPM

Stock Analysis Report

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Executive Summary

B.P. Marsh & Partners PLC is a private equity and venture capital firm specializing in investments in early stage, developmental capital/acquisition capital, startups, management buyouts, management buyins, and hive offs. More Details

Rewards

Trading at 56.2% below our estimate of its fair value

Earnings grew by 13.9% over the past year

Risk Analysis

No risks detected for BPM from our risk checks.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has B.P. Marsh & Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPM is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BPM's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

BPM

0.09%

GB Capital Markets

-0.4%

GB Market


1 Year Return

5.5%

BPM

5.1%

GB Capital Markets

-6.3%

GB Market

Return vs Industry: BPM matched the UK Capital Markets industry which returned 5.1% over the past year.

Return vs Market: BPM exceeded the UK Market which returned -6.3% over the past year.


Shareholder returns

BPMIndustryMarket
7 Day-0.7%0.09%-0.4%
30 Day-1.5%1.3%2.9%
90 Day-0.4%15.9%16.3%
1 Year6.5%5.5%8.5%5.1%-2.5%-6.3%
3 Year10.1%5.5%28.6%13.4%3.8%-8.9%
5 Year91.9%76.9%99.2%63.5%42.5%14.7%

Long-Term Price Volatility Vs. Market

How volatile is B.P. Marsh & Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is B.P. Marsh & Partners undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BPM (£2.68) is trading below our estimate of fair value (£6.11)

Significantly Below Fair Value: BPM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BPM is good value based on its PE Ratio (7.2x) compared to the GB Capital Markets industry average (19.8x).

PE vs Market: BPM is good value based on its PE Ratio (7.2x) compared to the UK market (22.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BPM is good value based on its PB Ratio (0.7x) compared to the GB Capital Markets industry average (1.6x).


Next Steps

Future Growth

How is B.P. Marsh & Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Diversified Financials 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 B.P. Marsh & Partners 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.


Next Steps

Past Performance

How has B.P. Marsh & Partners performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPM has high quality earnings.

Growing Profit Margin: BPM's current net profit margins (76.3%) are lower than last year (78.3%).


Past Earnings Growth Analysis

Earnings Trend: BPM's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: BPM's earnings growth over the past year (13.9%) exceeds its 5-year average (8.8% per year).

Earnings vs Industry: BPM earnings growth over the past year (13.9%) exceeded the Capital Markets industry -0.8%.


Return on Equity

High ROE: BPM's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is B.P. Marsh & Partners's financial position?


Financial Position Analysis

Short Term Liabilities: BPM's short term assets (£4.5M) exceed its short term liabilities (£643.0K).

Long Term Liabilities: BPM's short term assets (£4.5M) exceed its long term liabilities (£1.0M).


Debt to Equity History and Analysis

Debt Level: BPM is debt free.

Reducing Debt: BPM has not had any debt for past 5 years.

Debt Coverage: BPM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BPM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is B.P. Marsh & Partners's current dividend yield, its reliability and sustainability?

0.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPM's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.53%).

High Dividend: BPM's dividend (0.83%) is low compared to the top 25% of dividend payers in the UK market (4.57%).


Stability and Growth of Payments

Stable Dividend: BPM is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: BPM is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BPM is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BPM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Alice Hannah Foulk (33 yo)

5yrs

Tenure

UK£239,939

Compensation

Ms. Alice Hannah Daisy Foulk, BA (Hons), has been Managing Director of B.P. Marsh & Partners PLC since January 2016 and its Executive Director since February 16, 2015. Ms. Foulk is responsible for the over...


CEO Compensation Analysis

Compensation vs Market: Alice Hannah's total compensation ($USD327.58K) is about average for companies of similar size in the UK market ($USD335.56K).

Compensation vs Earnings: Alice Hannah's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Marsh
Founder & Executive Chairmanno dataUK£240.47k38.5%
£ 38.3m
Alice Hannah Foulk
MD & Executive Director5yrsUK£239.94k0.57%
£ 569.1k
Jonathan Newman
Group Director of Finance & Director19.33yrsUK£303.09k0.11%
£ 111.7k
Daniel Topping
Chief Investment Officer & Executive Director9.83yrsUK£322.09k0.82%
£ 811.8k
Sinead O'Haire
Chief Legal Officer & Group Company Secretary3yrsno data0.58%
£ 574.1k
Michelle Albert
Group Statutory Accountantno datano datano data
Oliver Bogue
Investment Director4.83yrsno datano data
Abigail Barber
Investment Director4.83yrsno datano data

4.9yrs

Average Tenure

40.5yo

Average Age

Experienced Management: BPM's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Marsh
Founder & Executive Chairmanno dataUK£240.47k38.5%
£ 38.3m
Alice Hannah Foulk
MD & Executive Director5yrsUK£239.94k0.57%
£ 569.1k
Jonathan Newman
Group Director of Finance & Director19.33yrsUK£303.09k0.11%
£ 111.7k
Daniel Topping
Chief Investment Officer & Executive Director9.83yrsUK£322.09k0.82%
£ 811.8k
Pankaj Lakhani
Independent Non-Executive Director5.67yrsUK£56.25k0.099%
£ 98.2k
Nicholas Carter
Independent Non-Executive Director1.67yrsUK£27.75k0.054%
£ 53.2k
Francesca Lowley
Directorno datano datano data

5.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: BPM's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

B.P. Marsh & Partners PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: B.P. Marsh & Partners PLC
  • Ticker: BPM
  • Exchange: AIM
  • Founded: 1990
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£99.423m
  • Shares outstanding: 37.38m
  • Website: https://www.bpmarsh.co.uk

Number of Employees


Location

  • B.P. Marsh & Partners PLC
  • 4 Matthew Parker Street
  • London
  • Greater London
  • SW1H 9NP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2006

Biography

B.P. Marsh & Partners PLC is a private equity and venture capital firm specializing in investments in early stage, developmental capital/acquisition capital, startups, management buyouts, management buyins...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 19:49
End of Day Share Price2021/01/25 00:00
Earnings2020/07/31
Annual Earnings2020/01/31


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.