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BRSC

BlackRock Smaller Companies TrustLSE:BRSC Stock Report

Last Price

UK£20.25

Market Cap

UK£988.8m

7D

-1.9%

1Y

21.7%

Updated

19 Jan, 2022

Data

Company Financials
BRSC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends4/6

BRSC Stock Overview

BlackRock Smaller Companies Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock Smaller Companies Trust
Historical stock prices
Current Share PriceUK£20.25
52 Week HighUK£22.30
52 Week LowUK£15.80
Beta1.1
1 Month Change0.75%
3 Month Change2.79%
1 Year Change21.70%
3 Year Change55.17%
5 Year Change98.92%
Change since IPO1,966.33%

Recent News & Updates

Shareholder Returns

BRSCGB Capital MarketsGB Market
7D-1.9%-1.4%-1.0%
1Y21.7%-3.0%8.3%

Return vs Industry: BRSC exceeded the UK Capital Markets industry which returned -1.9% over the past year.

Return vs Market: BRSC exceeded the UK Market which returned 8.3% over the past year.

Price Volatility

Is BRSC's price volatile compared to industry and market?
BRSC volatility
BRSC Average Weekly Movement2.9%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: BRSC is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BRSC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1906n/an/ahttps://www.blackrock.com/uk/individual/investment-ideas/investment-trust/blackrock-smaller-companies-trust

BlackRock Smaller Companies Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited. The fund is managed by BlackRock Investment Managers (UK) Limited. It invests in public equity markets of the United Kingdom.

BlackRock Smaller Companies Trust Fundamentals Summary

How do BlackRock Smaller Companies Trust's earnings and revenue compare to its market cap?
BRSC fundamental statistics
Market CapUK£988.80m
Earnings (TTM)UK£427.44m
Revenue (TTM)UK£436.95m

2.3x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRSC income statement (TTM)
RevenueUK£436.95m
Cost of RevenueUK£0
Gross ProfitUK£436.95m
ExpensesUK£9.51m
EarningsUK£427.44m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.75
Gross Margin100.00%
Net Profit Margin97.82%
Debt/Equity Ratio7.2%

How did BRSC perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is BlackRock Smaller Companies Trust undervalued compared to its fair value and its price relative to the market?

2.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRSC (£20.25) is trading above our estimate of fair value (£12.36)

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


Price To Earnings Ratio

PE vs Industry: BRSC is good value based on its PE Ratio (2.3x) compared to the UK Capital Markets industry average (10.9x).

PE vs Market: BRSC is good value based on its PE Ratio (2.3x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRSC is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.7x).

Future Growth

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

9.0%

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 BlackRock Smaller Companies 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 Smaller Companies Trust performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BRSC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BRSC's earnings have grown by 11.2% per year over the past 5 years.

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

Earnings vs Industry: BRSC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (66.7%).


Return on Equity

High ROE: BRSC's Return on Equity (38.4%) is considered high.

Financial Health

How is BlackRock Smaller Companies Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BRSC's short term assets (£22.2M) exceed its short term liabilities (£19.7M).

Long Term Liabilities: BRSC's short term assets (£22.2M) do not cover its long term liabilities (£79.6M).


Debt to Equity History and Analysis

Debt Level: BRSC's net debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: BRSC's debt to equity ratio has increased from 6.8% to 7.2% over the past 5 years.

Debt Coverage: BRSC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BRSC's interest payments on its debt are well covered by EBIT (168.4x coverage).


Balance Sheet

Dividend

What is BlackRock Smaller Companies Trust current dividend yield, its reliability and sustainability?

1.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRSC's dividend (1.65%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).

High Dividend: BRSC's dividend (1.65%) is low compared to the top 25% of dividend payers in the UK market (4.06%).


Stability and Growth of Payments

Stable Dividend: BRSC's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.8%), BRSC'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?

13.8yrs

Average board tenure


CEO

BlackRock Smaller Companies Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BRSC's board of directors are seasoned and experienced ( 13.8 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 Smaller Companies Trust plc's employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock Smaller Companies 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 Analysis2022/01/19 21:11
End of Day Share Price2022/01/19 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.