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LIV

Livermore Investments Group AIM:LIV Stock Report

Last Price

UK£0.54

Market Cap

UK£89.7m

7D

1.9%

1Y

24.1%

Updated

12 Aug, 2022

Data

Company Financials
LIV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

LIV Stock Overview

Livermore Investments Group Limited is a publicly owned investment manager.

Livermore Investments Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Livermore Investments Group
Historical stock prices
Current Share PriceUK£0.54
52 Week HighUK£0.66
52 Week LowUK£0.42
Beta0.49
1 Month Change4.83%
3 Month Change10.71%
1 Year Change24.14%
3 Year Change19.23%
5 Year Change17.30%
Change since IPO-68.73%

Recent News & Updates

May 04
Here's What You Should Know About Livermore Investments Group Limited's (LON:LIV) 8.2% Dividend Yield

Here's What You Should Know About Livermore Investments Group Limited's (LON:LIV) 8.2% Dividend Yield

Dividend paying stocks like Livermore Investments Group Limited ( LON:LIV ) tend to be popular with investors, and for...

Shareholder Returns

LIVGB Capital MarketsGB Market
7D1.9%1.9%-0.3%
1Y24.1%-13.4%-9.1%

Return vs Industry: LIV exceeded the UK Capital Markets industry which returned -13.4% over the past year.

Return vs Market: LIV exceeded the UK Market which returned -9.1% over the past year.

Price Volatility

Is LIV's price volatile compared to industry and market?
LIV volatility
LIV Average Weekly Movement2.6%
Capital Markets Industry Average Movement4.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

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

Volatility Over Time: LIV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20024Noam Lanirhttps://www.livermore-inv.com

Livermore Investments Group Limited is a publicly owned investment manager. The firm primarily invests in fixed income instruments such as Collateralized Loan Obligations (“CLOs”). The company, formerly Empire Online Limited, was incorporated in 2002 and is headquartered in Road Town, British Virgin Islands.

Livermore Investments Group Fundamentals Summary

How do Livermore Investments Group's earnings and revenue compare to its market cap?
LIV fundamental statistics
Market CapUS$108.75m
Earnings (TTM)US$24.70m
Revenue (TTM)US$33.75m

4.4x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LIV income statement (TTM)
RevenueUS$33.75m
Cost of RevenueUS$0
Gross ProfitUS$33.75m
Other ExpensesUS$9.05m
EarningsUS$24.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin100.00%
Net Profit Margin73.20%
Debt/Equity Ratio0.08%

How did LIV perform over the long term?

See historical performance and comparison

Dividends

22.0%

Current Dividend Yield

97%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LIV 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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LIV 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/Revenue1.6x
Enterprise Value/EBITDA2.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

LIV PE Ratio vs Peers
The above table shows the PE ratio for LIV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.5x
FEN Frenkel Topping Group
33.2x27.9%UK£77.6m
MERC Mercia Asset Management
5.1x-109.7%UK£133.1m
TMT TMT Investments
1.4xn/aUS$124.2m
RMII RM Infrastructure Income
18.1xn/aUK£104.9m
LIV Livermore Investments Group
4.4xn/aUK£89.7m

Price-To-Earnings vs Peers: LIV is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (14.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: LIV is good value based on its Price-To-Earnings Ratio (4.4x) compared to the UK Capital Markets industry average (10.4x)


Price to Earnings Ratio vs Fair Ratio

What is LIV'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.

LIV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: LIV (£0.54) is trading above our estimate of fair value (£0.44)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Livermore Investments 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


12.6%

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 Livermore Investments 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

Past Performance

How has Livermore Investments Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LIV has high quality earnings.

Growing Profit Margin: LIV's current net profit margins (73.2%) are higher than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: LIV's earnings have declined by 6.5% per year over the past 5 years.

Accelerating Growth: LIV's earnings growth over the past year (2823.1%) exceeds its 5-year average (-6.5% per year).

Earnings vs Industry: LIV earnings growth over the past year (2823.1%) exceeded the Capital Markets industry 15.5%.


Return on Equity

High ROE: LIV's Return on Equity (13.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Livermore Investments 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: LIV's short term assets ($63.0M) exceed its short term liabilities ($6.8M).

Long Term Liabilities: LIV's short term assets ($63.0M) exceed its long term liabilities ($88.0K).


Debt to Equity History and Analysis

Debt Level: LIV has more cash than its total debt.

Reducing Debt: LIV's debt to equity ratio has reduced from 0.8% to 0.08% over the past 5 years.

Debt Coverage: LIV's debt is well covered by operating cash flow (19169.8%).

Interest Coverage: LIV's interest payments on its debt are well covered by EBIT (1485.2x coverage).


Balance Sheet


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Dividend

What is Livermore Investments Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


22.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LIV's dividend (22.05%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: LIV's dividend (22.05%) is in the top 25% of dividend payers in the UK market (5.13%)


Stability and Growth of Payments

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

Growing Dividend: LIV's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (97.1%), LIV's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (83.9%), LIV's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

15.0yrs

Average board tenure


CEO

Noam Lanir (55 yo)

24.08yrs

Tenure

US$1,445,000

Compensation

Mr. Noam Lanir founded Livermore Investments Group Limited in July 1998 and serves as its Chief Executive Officer and Executive Director. Mr. Lanir oversees Livermore's marketing strategy as well as the de...


Board Members

Experienced Board: LIV's board of directors are seasoned and experienced ( 15 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

Livermore Investments Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Livermore Investments Group Limited
  • Ticker: LIV
  • Exchange: AIM
  • Founded: 2002
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£89.705m
  • Shares outstanding: 165.36m
  • Website: https://www.livermore-inv.com

Number of Employees


Location

  • Livermore Investments Group Limited
  • Trident Chambers
  • PO Box 146
  • Road Town
  • Tortola
  • British Virgin Islands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/11 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.