LSE:BRLA

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BlackRock Latin American Investment Trust

Executive Summary

BlackRock Latin American Investment Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited.

Rewards


Snowflake Analysis

Share Price & News

How has BlackRock Latin American Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

10.6%

BRLA

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-33.2%

BRLA

9.7%

GB Capital Markets

-12.8%

GB Market

Return vs Industry: BRLA underperformed the UK Capital Markets industry which returned 9.7% over the past year.

Return vs Market: BRLA underperformed the UK Market which returned -12.5% over the past year.


Shareholder returns

BRLAIndustryMarket
7 Day10.6%-1.2%2.0%
30 Day12.4%8.4%5.7%
90 Day-26.6%1.2%-8.2%
1 Year-29.3%-33.2%12.2%9.7%-8.6%-12.8%
3 Year-15.1%-25.6%57.2%46.0%-6.2%-17.6%
5 Year5.8%-14.1%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is BlackRock Latin American Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BlackRock Latin 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: BRLA (£3.08) is trading below our estimate of fair value (£12.37)

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


Price To Earnings Ratio

PE vs Industry: BRLA is good value based on its PE Ratio (3.3x) compared to the Capital Markets industry average (15.4x).

PE vs Market: BRLA is good value based on its PE Ratio (3.3x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRLA is good value based on its PB Ratio (0.5x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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

16.1%

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 Latin 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 BlackRock Latin American Investment Trust performed over the past 5 years?

54.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRLA has high quality earnings.

Growing Profit Margin: BRLA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BRLA has become profitable over the past 5 years, growing earnings by 54.8% per year.

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

Earnings vs Industry: BRLA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.4%).


Return on Equity

High ROE: BRLA's Return on Equity (15.8%) is considered low.

Financial Health

How is BlackRock Latin American Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BRLA's short term assets ($7.5M) do not cover its short term liabilities ($20.3M).

Long Term Liabilities: BRLA's short term assets ($7.5M) exceed its long term liabilities ($262.0K).


Debt to Equity History and Analysis

Debt Level: BRLA's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: BRLA's debt to equity ratio has increased from 0.4% to 6.5% over the past 5 years.

Debt Coverage: BRLA's debt is well covered by operating cash flow (114.7%).

Interest Coverage: BRLA's interest payments on its debt are well covered by EBIT (59.2x coverage).


Balance Sheet

Dividend

What is BlackRock Latin American Investment Trust's current dividend yield, its reliability and sustainability?

9.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRLA's dividend (9.19%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: BRLA's dividend (9.19%) is in the top 25% of dividend payers in the UK market (5.68%)


Stability and Growth of Payments

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

Growing Dividend: BRLA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), BRLA's dividend payments are 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.

Management

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

19.8yrs

Average board tenure


CEO

BlackRock Latin American Investment Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Peter C. Burnell
Chairman22.42yrsUS$46.22kno data
Antonio de Castro
Senior Independent Director11.42yrsUS$53.96kno data
Desmond O'Conor
Director22.33yrsUS$29.48kno data
Michael Beach
Independent Director24.33yrsUS$28.46kno data
Laurence Whitehead
Director17.33yrsUS$29.58kno data
Mahrukh Doctor
Director10.42yrsUS$31.56k0.0018% $2.1k

19.8yrs

Average Tenure

73.5yo

Average Age

Experienced Board: BRLA's board of directors are seasoned and experienced ( 19.8 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

BlackRock Latin American Investment Trust plc's company bio, employee growth, exchange listings and data sources


Key Information


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRLALSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
BRLALBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

BlackRock Latin American Investment Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited. The fund is managed by BlackRock Investment Management (UK) Limited. It invests in public equity markets of Latin America. The fund invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across all market capitalizations. It employs fundamental analysis with top-down and bottom-up stock picking approach focusing on factors like company’s good governance records, good earnings growth prospects over several years ahead, and strong balance sheets and cash flow generation to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Latin EM America Index. It was formerly known as the Merrill Lynch Latin American Investment Trust plc. BlackRock Latin American Investment Trust plc was formed in July 1990 and is domiciled in the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 21:04
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.