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BAF

British & American Investment TrustLSE:BAF Stock Report

Last Price

UK£0.23

Market Cap

UK£5.8m

7D

-11.5%

1Y

-22.0%

Updated

21 Jan, 2022

Data

Company Financials
BAF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends3/6

BAF Stock Overview

British & American Investment Trust plc is a publically owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for British & American Investment Trust
Historical stock prices
Current Share PriceUK£0.23
52 Week HighUK£0.41
52 Week LowUK£0.18
Beta1.01
1 Month Change0%
3 Month Change-24.59%
1 Year Change-22.03%
3 Year Change-54.46%
5 Year Change-71.25%
Change since IPO-76.65%

Recent News & Updates

Shareholder Returns

BAFGB Capital MarketsGB Market
7D-11.5%-1.3%-1.3%
1Y-22.0%-3.0%7.8%

Return vs Industry: BAF underperformed the UK Capital Markets industry which returned -2.3% over the past year.

Return vs Market: BAF underperformed the UK Market which returned 8.7% over the past year.

Price Volatility

Is BAF's price volatile compared to industry and market?
BAF volatility
BAF Average Weekly Movement6.4%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: BAF is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BAF's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19478Jonathan Woolfhttps://www.baitgroup.co.uk

British & American Investment Trust plc is a publically owned investment manager. The firm manages equity mutual fund for its clients. It invests in public equity markets of United Kingdom.

British & American Investment Trust Fundamentals Summary

How do British & American Investment Trust's earnings and revenue compare to its market cap?
BAF fundamental statistics
Market CapUK£5.75m
Earnings (TTM)UK£806.00k
Revenue (TTM)UK£1.73m

7.1x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAF income statement (TTM)
RevenueUK£1.73m
Cost of RevenueUK£0
Gross ProfitUK£1.73m
ExpensesUK£928.00k
EarningsUK£806.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.032
Gross Margin100.00%
Net Profit Margin46.48%
Debt/Equity Ratio8.9%

How did BAF perform over the long term?

See historical performance and comparison

Dividends

15.2%

Current Dividend Yield

84%

Payout Ratio

Valuation

Is British & American Investment Trust undervalued compared to its fair value and its price relative to the market?

7.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BAF (£0.23) is trading above our estimate of fair value (£0.19)

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


Price To Earnings Ratio

PE vs Industry: BAF is good value based on its PE Ratio (7.1x) compared to the UK Capital Markets industry average (11.1x).

PE vs Market: BAF is good value based on its PE Ratio (7.1x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BAF has negative assets, so we can't compare its PB Ratio to the GB Capital Markets industry average.


Future Growth

How is British & American Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

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 British & American Investment 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.


Past Performance

How has British & American Investment Trust performed over the past 5 years?

32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAF has high quality earnings.

Growing Profit Margin: BAF's current net profit margins (46.5%) are higher than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: BAF has become profitable over the past 5 years, growing earnings by 32.5% per year.

Accelerating Growth: BAF's earnings growth over the past year (455.9%) exceeds its 5-year average (32.5% per year).

Earnings vs Industry: BAF earnings growth over the past year (455.9%) exceeded the Capital Markets industry 66.7%.


Return on Equity

High ROE: BAF's Return on Equity (13.7%) is considered low.


Financial Health

How is British & American Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BAF's short term assets (£1.4M) do not cover its short term liabilities (£3.2M).

Long Term Liabilities: BAF's short term assets (£1.4M) do not cover its long term liabilities (£3.9M).


Debt to Equity History and Analysis

Debt Level: BAF's net debt to equity ratio (4.4%) is considered satisfactory.

Reducing Debt: BAF's debt to equity ratio has reduced from 16.7% to 8.9% over the past 5 years.

Debt Coverage: BAF's debt is well covered by operating cash flow (247.1%).

Interest Coverage: BAF's interest payments on its debt are well covered by EBIT (24.5x coverage).


Balance Sheet


Dividend

What is British & American Investment Trust current dividend yield, its reliability and sustainability?

15.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAF's dividend (15.22%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: BAF's dividend (15.22%) is in the top 25% of dividend payers in the UK market (4.04%)


Stability and Growth of Payments

Stable Dividend: BAF's dividend payments have been volatile in the past 10 years.

Growing Dividend: BAF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.7%), BAF's payments are 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.


Next Steps

Management

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

15.0yrs

Average board tenure


CEO

Jonathan Woolf (64 yo)

no data

Tenure

UK£74,000

Compensation

Mr. Jonathan Charles Woolf serves as Managing Director and Portfolio Manager of British & American Investment Trust plc. Mr. Woolf is also a Portfolio Manager at British & American Investment Trust. Mr. Wo...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD100.34K) is below average for companies of similar size in the UK market ($USD329.57K).

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


Board Members

Experienced Board: BAF'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

British & American Investment Trust PLC's employee growth, exchange listings and data sources


Key Information

  • Name: British & American Investment Trust PLC
  • Ticker: BAF
  • Exchange: LSE
  • Founded: 1947
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£5.750m
  • Shares outstanding: 25.00m
  • Website: https://www.baitgroup.co.uk

Number of Employees


Location

  • British & American Investment Trust PLC
  • Wessex House
  • One Chesham Street
  • London
  • Greater London
  • SW1X 8ND
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:42
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.