AIM:SVE

Stock Analysis Report

Executive Summary

Starvest plc is a venture capital firm specializing in growth capital, early stage and mid stage investments, seed/startup, small company new issues, and pre-initial public offering opportunities.

Rewards


Snowflake Analysis

Share Price & News

How has Starvest's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SVE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.4%

SVE

0.5%

GB Capital Markets

-3.0%

GB Market


1 Year Return

4.8%

SVE

22.7%

GB Capital Markets

11.0%

GB Market

Return vs Industry: SVE underperformed the UK Capital Markets industry which returned 21.7% over the past year.

Return vs Market: SVE underperformed the UK Market which returned 12.7% over the past year.


Shareholder returns

SVEIndustryMarket
7 Day20.4%0.5%-3.0%
30 Day58.5%-2.7%-2.4%
90 Day75.7%6.5%3.9%
1 Year4.8%4.8%25.7%22.7%16.8%11.0%
3 Year30.0%30.0%72.2%60.2%20.0%4.7%
5 Year-13.3%-13.3%132.3%105.2%38.9%6.8%

Price Volatility Vs. Market

How volatile is Starvest's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Starvest undervalued compared to its fair value and its price relative to the market?

2.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SVE (£0.02) is trading above our estimate of fair value (£0.02)

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


Price To Earnings Ratio

PE vs Industry: SVE is good value based on its PE Ratio (1.5x) compared to the Capital Markets industry average (20.9x).

PE vs Market: SVE is good value based on its PE Ratio (1.5x) compared to the UK market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SVE is good value based on its PB Ratio (0.6x) compared to the GB Capital Markets industry average (1.4x).

Future Growth

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

17.6%

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 Starvest 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 Starvest performed over the past 5 years?

40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SVE has a large one-off gain of £1.1M impacting its March 31 2019 financial results.

Growing Profit Margin: SVE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SVE has become profitable over the past 5 years, growing earnings by 40.3% per year.

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

Earnings vs Industry: SVE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (14.5%).


Return on Equity

High ROE: SVE's Return on Equity (36.9%) is considered high.


Return on Assets


Return on Capital Employed

Financial Health

How is Starvest'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

Inventory Level: SVE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SVE's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: SVE's level of assets compared to its equity is low.

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

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

Loan Level: Insufficient data to determine if SVE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SVE has advanced significantly more loans than the customer deposits it holds.

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

Dividend

What is Starvest's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.9%markettop25%5.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

Management

What is the CEO of Starvest's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average board tenure


CEO

Callum Baxter (49yo)

4.3yrs

Tenure

UK£80,000

Compensation

Mr. Callum Newton Baxter, MSc (Ore Deposit Geology), MAIG, MAusI M M, has been Chief Technical Officer at Greatland Gold plc since January 19, 2017. Mr. Baxter served as the Chief Executive Officer and Man ...


Board Age and Tenure

3.6yrs

Average Tenure

47yo

Average Age

Experienced Board: SVE's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

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.


Management Team

  • Stephen Ronaldson (64yo)

    Secretary

    • Callum Baxter (49yo)

      Chairman & CEO

      • Tenure: 4.3yrs
      • Compensation: UK£80.00k
    • Gemma Cryan (43yo)

      Executive Director

      • Tenure: 3.6yrs
      • Compensation: UK£40.20k

    Board Members

    • Callum Baxter (49yo)

      Chairman & CEO

      • Tenure: 4.3yrs
      • Compensation: UK£80.00k
    • Gemma Cryan (43yo)

      Executive Director

      • Tenure: 3.6yrs
      • Compensation: UK£40.20k
    • Mark Badros (47yo)

      Independent Non-Executive Director

      • Tenure: 1.1yrs

    Company Information

    Starvest plc's company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Starvest plc
    • Ticker: SVE
    • Exchange: AIM
    • Founded: 2000
    • Industry: Asset Management and Custody Banks
    • Sector: Diversified Financials
    • Market Cap: UK£1.818m
    • Shares outstanding: 55.93m
    • Website: https://www.starvest.co.uk

    Location

    • Starvest plc
    • 33 St James's Square
    • London
    • Greater London
    • SW1Y 4JS
    • United Kingdom

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    SVEAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPSep 2000

    Biography

    Starvest plc is a venture capital firm specializing in growth capital, early stage and mid stage investments, seed/startup, small company new issues, and pre-initial public offering opportunities. It invests in alternative investment market (AIM) companies engaged in the natural resources sectors including minerals and precious metals exploration. It may also diversify in agriculture and fertilizers sectors. The firm seeks to invest between £0.02 million ($0.03 million) and £0.3 million ($0.43 million) in its portfolio companies and can invest more in some cases. The firm does not take active part in the management of the investee companies, although directors of the firm are also directors on the boards of other investee companies. Starvest plc was founded in 2000 and is based in London, United Kingdom. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/27 20:37
    End of Day Share Price2020/01/27 00:00
    Earnings2019/03/31
    Annual Earnings2018/09/30


    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.