BlackRock Greater Europe Investment Trust
Market Cap
UK£446.8m
Last Updated
2021/03/06 19:45 UTC
Data Sources
Company Financials
Executive Summary
BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. More Details
Rewards
Snowflake Analysis
Share Price & News
How has BlackRock Greater Europe Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRGE is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BRGE's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.4%
BRGE
-5.6%
GB Capital Markets
1.2%
GB Market
1 Year Return
41.2%
BRGE
11.2%
GB Capital Markets
4.6%
GB Market
Return vs Industry: BRGE exceeded the UK Capital Markets industry which returned 11.2% over the past year.
Return vs Market: BRGE exceeded the UK Market which returned 4.6% over the past year.
Shareholder returns
| BRGE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -5.6% | 1.2% |
| 30 Day | -1.5% | -6.6% | 0.9% |
| 90 Day | 4.0% | 0.06% | 2.4% |
| 1 Year | 43.3%41.2% | 14.8%11.2% | 10.6%4.6% |
| 3 Year | 67.6%59.8% | 39.5%23.7% | 8.6%-4.5% |
| 5 Year | 129.2%110.7% | 99.0%65.5% | 39.5%12.5% |
Long-Term Price Volatility Vs. Market
How volatile is BlackRock Greater Europe 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
Top 3 Stocks To Buy3 years ago | Simply Wall St
How BlackRock Greater Europe Investment Trust plc's (LSE:BRGE) 15.4% ROE Fares Against The Industry?Valuation
Is BlackRock Greater Europe Investment Trust undervalued compared to its fair value and its price relative to the market?
15.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BRGE (£5.24) is trading below our estimate of fair value (£6.21)
Significantly Below Fair Value: BRGE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BRGE is good value based on its PE Ratio (7.9x) compared to the GB Capital Markets industry average (20.1x).
PE vs Market: BRGE is good value based on its PE Ratio (7.9x) compared to the UK market (24.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BRGE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BRGE is good value based on its PB Ratio (1.1x) compared to the GB Capital Markets industry average (1.6x).
Future Growth
How is BlackRock Greater Europe Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.8%
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 BlackRock Greater Europe 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 BlackRock Greater Europe Investment Trust performed over the past 5 years?
5.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRGE has high quality earnings.
Growing Profit Margin: BRGE's current net profit margins (94.2%) are higher than last year (81.8%).
Past Earnings Growth Analysis
Earnings Trend: BRGE's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: BRGE's earnings growth over the past year (192.1%) exceeds its 5-year average (5.8% per year).
Earnings vs Industry: BRGE earnings growth over the past year (192.1%) exceeded the Capital Markets industry -1.9%.
Return on Equity
High ROE: BRGE's Return on Equity (14.4%) is considered low.
Financial Health
How is BlackRock Greater Europe Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BRGE's short term assets (£2.0M) do not cover its short term liabilities (£24.0M).
Long Term Liabilities: BRGE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BRGE's debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if BRGE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BRGE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BRGE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is BlackRock Greater Europe Investment Trust current dividend yield, its reliability and sustainability?
1.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRGE's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: BRGE's dividend (1.17%) is low compared to the top 25% of dividend payers in the UK market (4.51%).
Stability and Growth of Payments
Stable Dividend: BRGE's dividend payments have been volatile in the past 10 years.
Growing Dividend: BRGE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.3%), BRGE's dividend payments are thoroughly 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.
Management
How experienced are the management team and are they aligned to shareholders interests?
7.9yrs
Average board tenure
CEO
BlackRock Greater Europe Investment Trust has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 7.92yrs | UK£28.80k | 0.0047% £ 21.0k | |
| Chairman | 7.25yrs | UK£31.56k | no data | |
| Non-Executive Director | 5.92yrs | no data | 0.0059% £ 26.2k | |
| Non Executive Director | 9.25yrs | UK£23.00k | no data | |
| Independent Non Executive Director | 16.75yrs | UK£23.00k | no data |
7.9yrs
Average Tenure
71yo
Average Age
Experienced Board: BRGE's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRGE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BlackRock Greater Europe Investment Trust plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BlackRock Greater Europe Investment Trust plc
- Ticker: BRGE
- Exchange: LSE
- Founded: 2004
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£446.831m
- Shares outstanding: 85.27m
- Website: https://www.blackrock.com/uk/individual/investment-ideas/investment-trust/blackrock-greater-europe-investment-trust
Location
- BlackRock Greater Europe Investment Trust plc
- 12 Throgmorton Avenue
- London
- Greater London
- EC2N 2DL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BRGE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Sep 2004 |
| BRGEl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Sep 2004 |
Biography
BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund inves...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 19:45 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/08/31 |
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.