British & American Investment Trust
Market Cap
UK£6.1m
Last Updated
2021/03/03 20:24 UTC
Data Sources
Company Financials
Executive Summary
British & American Investment Trust plc is a publically owned investment manager. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with acceptable track record.
Share Price & News
How has British & American Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BAF is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BAF's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-3.9%
BAF
0.5%
GB Capital Markets
-0.2%
GB Market
1 Year Return
-24.6%
BAF
14.4%
GB Capital Markets
1.1%
GB Market
Return vs Industry: BAF underperformed the UK Capital Markets industry which returned 15.2% over the past year.
Return vs Market: BAF underperformed the UK Market which returned 2% over the past year.
Shareholder returns
| BAF | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.9% | 0.5% | -0.2% |
| 30 Day | -10.9% | 5.3% | 3.6% |
| 90 Day | -22.2% | 7.8% | 4.2% |
| 1 Year | -18.9%-24.6% | 18.0%14.4% | 7.0%1.1% |
| 3 Year | -39.7%-59.2% | 53.2%35.9% | 10.6%-2.7% |
| 5 Year | -48.4%-71.2% | 119.4%82.7% | 40.5%13.4% |
Long-Term Price Volatility Vs. Market
How volatile is British & American Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Value-Adding Financial Dividend Stocks To Buy Now2 years ago | Simply Wall St
Was British & American Investment Trust plc's (LON:BAF) Earnings Growth Better Than The Industry's?2 years ago | Simply Wall St
Should British & American Investment Trust plc (LON:BAF) Be Part Of Your Dividend Portfolio?Valuation
Is British & American Investment Trust 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: BAF (£0.25) is trading below our estimate of fair value (£1.97)
Significantly Below Fair Value: BAF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BAF is poor value based on its PE Ratio (42.2x) compared to the GB Capital Markets industry average (21.1x).
PE vs Market: BAF is poor value based on its PE Ratio (42.2x) compared to the UK market (24x).
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.
Next Steps
Future Growth
How is British & American Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.5%
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.
Next Steps
- Examine British & American Investment Trust'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.
- British & American Investment Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has British & American Investment Trust performed over the past 5 years?
-24.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BAF has high quality earnings.
Growing Profit Margin: BAF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BAF has become profitable over the past 5 years, growing earnings by -24.8% per year.
Accelerating Growth: BAF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BAF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2%).
Return on Equity
High ROE: BAF's Return on Equity (6.3%) is considered low.
Next Steps
Financial Health
How is British & American Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BAF's short term assets (£3.8M) do not cover its short term liabilities (£5.2M).
Long Term Liabilities: BAF's short term assets (£3.8M) exceed its long term liabilities (£3.3M).
Debt to Equity History and Analysis
Debt Level: BAF's debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: BAF's debt to equity ratio has increased from 6.1% to 36% over the past 5 years.
Debt Coverage: BAF's debt is well covered by operating cash flow (129.6%).
Interest Coverage: BAF's interest payments on its debt are well covered by EBIT (5.8x coverage).
Balance Sheet
Next Steps
Dividend
What is British & American Investment Trust current dividend yield, its reliability and sustainability?
22.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BAF's dividend (22.04%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).
High Dividend: BAF's dividend (22.04%) is in the top 25% of dividend payers in the UK market (4.52%)
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: With its high payout ratio (465.5%), BAF's dividend payments are not well 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?
14.0yrs
Average board tenure
CEO
Jonathan Woolf (63 yo)
no data
Tenure
UK£71,000
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 ($USD99.06K) is below average for companies of similar size in the UK market ($USD334.76K).
Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | no data | UK£71.00k | 6.09% £ 373.2k | |
| Independent Non-Executive Director | 24.83yrs | UK£19.00k | 0.020% £ 1.2k | |
| Independent Chairman of the Board | 3.17yrs | UK£22.00k | no data | |
| Independent Director | 2.67yrs | UK£16.00k | no data |
14.0yrs
Average Tenure
63yo
Average Age
Experienced Board: BAF's board of directors are seasoned and experienced ( 14 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 company bio, 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
- Market Cap: UK£6.125m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BAF | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Aug 1996 |
Biography
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. The firm invest...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 20:24 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.