Braveheart Investment Group (AIM:BRH) - Share price, News & Analysis

BRH fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

BRH Stock Overview

Rewards

Price-To-Earnings ratio (4.2x) is below the UK market (13.8x)

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (£6M)

Volatile share price over the past 3 months

Profit margins (49.5%) are lower than last year

+ 2 more risks

Braveheart Investment Group Competitors

RiverFort Global Opportunities

AIM:RGO

UK£7.4m

British & American Investment Trust

LSE:BAF

UK£6.3m

Worldsec

LSE:WSL

UK£2.6m

African Pioneer

LSE:AFP

UK£4.1m

Price History & Performance

Summary of all time highs, changes and price drops for Braveheart Investment Group
Historical stock prices
Current Share Price	UK£0.11
52 Week High	UK£0.45
52 Week Low	UK£0.10
Beta	-0.54
1 Month Change	-8.16%
3 Month Change	-34.78%
1 Year Change	-72.56%
3 Year Change	15.38%
5 Year Change	-30.81%
Change since IPO	-93.53%

Shareholder Returns

	BRH	GB Capital Markets	GB Market
7D	-4.3%	-2.7%	-1.1%
1Y	-72.6%	-17.9%	-9.7%

Return vs Industry: BRH underperformed the UK Capital Markets industry which returned -18% over the past year.

Return vs Market: BRH underperformed the UK Market which returned -9.7% over the past year.

Price Volatility

Is BRH's price volatile compared to industry and market?
BRH volatility
BRH Average Weekly Movement	8.0%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	5.4%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.8%

Stable Share Price: BRH is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BRH's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
1997	7	Trevor Brown	https://www.braveheartgroup.co.uk

Braveheart Investment Group plc is a private equity and venture capital firm specializing in seed, start-up, early stage, growth stage, expansion stage, growth capital, turnaround, restructuring, management buy-out, management buy-in, spinout, loan and mezzanine funding, and follow-on and secondary purchase stage investments in unquoted emerging companies. It also provides equity & equity-linked investments in growth, small and medium sized enterprises and B2B. The firm does not invest in any project involved in shipbuilding, coal, or steel sector; is involved in dealing in land, commodities, futures or the instruments of any holding company that are traded on a stock exchange, wholesale trade or retailing; former ECSC sectors; agriculture, aquaculture, fisheries, synthetic fibre, production; railway, road haulage, maritime and aviation transport companies; banking, insurance, money lending, debt factoring, hire purchase financing and other financial activities; leasing or letting assets on hire; providing legal or accountancy services; operating or managing hotel or nursing or residential care homes, film production, hotels, and property (although this may be considered as part of a wider transaction).

Braveheart Investment Group Fundamentals Summary

How do Braveheart Investment Group's earnings and revenue compare to its market cap?
BRH fundamental statistics
Market Cap	UK£6.04m
Earnings (TTM)	UK£1.45m
Revenue (TTM)	UK£2.94m

4.2x

P/E Ratio

2.1x

P/S Ratio

Is BRH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRH income statement (TTM)
Revenue	UK£2.94m
Cost of Revenue	UK£0
Gross Profit	UK£2.94m
Other Expenses	UK£1.48m
Earnings	UK£1.45m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.027
Gross Margin	100.00%
Net Profit Margin	49.50%
Debt/Equity Ratio	0.0%

How did BRH perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is BRH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRH?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for BRH. This is calculated by dividing BRH's market cap by their current preferred multiple.
What is BRH's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	UK£6.04m

BRH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	2.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does BRH's PE Ratio compare to its peers?

BRH PE Ratio vs Peers

The above table shows the PE ratio for BRH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	7.4x
RGO RiverFort Global Opportunities	7.1x	n/a	UK£7.4m
BAF British & American Investment Trust	7.1x	n/a	UK£6.3m
WSL Worldsec	4.8x	n/a	UK£2.6m
AFP African Pioneer	10.4x	n/a	UK£4.1m
BRH Braveheart Investment Group	4.2x	n/a	UK£6.0m

Forward PE

Price-To-Earnings vs Peers: BRH is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (7.4x).

Price to Earnings Ratio vs Industry

How does BRH's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: BRH is good value based on its Price-To-Earnings Ratio (4.2x) compared to the UK Capital Markets industry average (9.2x)

Price to Earnings Ratio vs Fair Ratio

What is BRH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BRH's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of BRH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BRH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BRH's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

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Future Growth

How is Braveheart Investment Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.3%

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 Braveheart Investment Group 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.

Discover growth companies

Examine Braveheart Investment Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Braveheart Investment Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Braveheart Investment Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

55.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRH has a high level of non-cash earnings.

Growing Profit Margin: BRH's current net profit margins (49.5%) are lower than last year .

Past Earnings Growth Analysis

Earnings Trend: BRH's earnings have grown significantly by 55.6% per year over the past 5 years.

Accelerating Growth: BRH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRH had negative earnings growth (-89.6%) over the past year, making it difficult to compare to the Capital Markets industry average (47.5%).

Return on Equity

High ROE: BRH's Return on Equity (21.8%) is considered high.

Discover strong past performing companies

Financial Health

How is Braveheart Investment Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRH's short term assets (£2.1M) exceed its short term liabilities (£279.5K).

Long Term Liabilities: BRH's short term assets (£2.1M) exceed its long term liabilities (£170.4K).

Debt to Equity History and Analysis

Debt Level: BRH is debt free.

Reducing Debt: BRH has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.

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

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

Balance Sheet

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Dividend

What is Braveheart Investment Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BRH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BRH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BRH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BRH's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: BRH is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BRH has not reported any payouts.

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Management

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

3.1yrs

Average board tenure

CEO

Trevor Brown (76 yo)

6.92yrs

Tenure

UK£116,500

Compensation

Mr. Trevor Edward Brown, MBA, serves as a an Executive Director of Strategy & Executive Director at Chamberlin plc and served its Non-Executive Director since 2021. He has been the Chief Executive Officer...

CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD140.15K) is below average for companies of similar size in the UK market ($USD344.95K).

Compensation vs Earnings: Trevor's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Board Members

Experienced Board: BRH's board of directors are considered experienced (3.1 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: BRH insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40%.

Data	Last Updated (UTC time)
Company Analysis	2022/07/03 00:00
End of Day Share Price	2022/07/01 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31