company background image
BRGE

BlackRock Greater Europe Investment Trust LSE:BRGE Stock Report

Last Price

UK£4.42

Market Cap

UK£452.2m

7D

-0.2%

1Y

-25.0%

Updated

22 May, 2022

Data

Company Financials
BRGE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends2/6

BRGE Stock Overview

BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited.

BlackRock Greater Europe Investment Trust Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock Greater Europe Investment Trust
Historical stock prices
Current Share PriceUK£4.42
52 Week HighUK£7.32
52 Week LowUK£4.30
Beta0.99
1 Month Change-15.65%
3 Month Change-19.64%
1 Year Change-24.96%
3 Year Change23.46%
5 Year Change37.70%
Change since IPO371.47%

Recent News & Updates

Shareholder Returns

BRGEGB Capital MarketsGB Market
7D-0.2%-1.0%-0.4%
1Y-25.0%-12.5%-4.0%

Return vs Industry: BRGE underperformed the UK Capital Markets industry which returned -12.5% over the past year.

Return vs Market: BRGE underperformed the UK Market which returned -4% over the past year.

Price Volatility

Is BRGE's price volatile compared to industry and market?
BRGE volatility
BRGE Average Weekly Movement5.1%
Capital Markets Industry Average Movement5.1%
Market Average Movement6.2%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.2%

Stable Share Price: BRGE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BRGE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/an/ahttps://www.blackrock.com/uk/individual/investment-ideas/investment-trust/blackrock-greater-europe-investment-trust

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 invests in the public equity markets of Europe, excluding the United Kingdom.

BlackRock Greater Europe Investment Trust Fundamentals Summary

How do BlackRock Greater Europe Investment Trust's earnings and revenue compare to its market cap?
BRGE fundamental statistics
Market CapUK£452.17m
Earnings (TTM)UK£196.58m
Revenue (TTM)UK£201.30m

2.3x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRGE income statement (TTM)
RevenueUK£201.30m
Cost of RevenueUK£0
Gross ProfitUK£201.30m
Other ExpensesUK£4.73m
EarningsUK£196.58m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.92
Gross Margin100.00%
Net Profit Margin97.65%
Debt/Equity Ratio4.3%

How did BRGE perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is BlackRock Greater Europe Investment Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


46.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BRGE (£4.42) is trading below our estimate of fair value (£8.22)

Significantly Below Fair Value: BRGE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BRGE is good value based on its PE Ratio (2.3x) compared to the UK Capital Markets industry average (9.3x).

PE vs Market: BRGE is good value based on its PE Ratio (2.3x) compared to the UK market (15.4x).


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 (0.7x) compared to the GB Capital Markets industry average (1.2x).

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?

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


11.4%

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?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRGE has a high level of non-cash earnings.

Growing Profit Margin: BRGE's current net profit margins (97.7%) are higher than last year (94.2%).


Past Earnings Growth Analysis

Earnings Trend: BRGE's earnings have grown significantly by 27% per year over the past 5 years.

Accelerating Growth: BRGE's earnings growth over the past year (251.9%) exceeds its 5-year average (27% per year).

Earnings vs Industry: BRGE earnings growth over the past year (251.9%) exceeded the Capital Markets industry 62.1%.


Return on Equity

High ROE: BRGE's Return on Equity (30.2%) is considered high.

Financial Health

How is BlackRock Greater Europe Investment Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRGE's short term assets (£7.7M) do not cover its short term liabilities (£38.7M).

Long Term Liabilities: BRGE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRGE's net debt to equity ratio (4.3%) 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's interest payments on its debt are well covered by EBIT (770x coverage).


Balance Sheet

Dividend

What is BlackRock Greater Europe Investment Trust current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BRGE's dividend (1.43%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: BRGE's dividend (1.43%) is low compared to the top 25% of dividend payers in the UK market (4.86%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.8%), BRGE's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: BRGE is paying a dividend but the company has no free cash flows.

Management

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

10.4yrs

Average board tenure


CEO

BlackRock Greater Europe Investment Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BRGE's board of directors are seasoned and experienced ( 10.4 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 been diluted in the past year, with total shares outstanding growing by 15.6%.


Top Shareholders

Company Information

BlackRock Greater Europe Investment Trust plc's employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Greater Europe Investment Trust plc
  • 12 Throgmorton Avenue
  • London
  • Greater London
  • EC2N 2DL
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


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.