LSE:BRSC

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BlackRock Smaller Companies Trust

Executive Summary

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


Snowflake Analysis

Share Price & News

How has BlackRock Smaller Companies Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

1.1%

BRSC

-1.8%

GB Capital Markets

-2.3%

GB Market


1 Year Return

14.4%

BRSC

15.7%

GB Capital Markets

1.1%

GB Market

Return vs Industry: BRSC matched the UK Capital Markets industry which returned 14.4% over the past year.

Return vs Market: BRSC exceeded the UK Market which returned 1% over the past year.


Shareholder returns

BRSCIndustryMarket
7 Day1.1%-1.8%-2.3%
30 Day3.4%3.6%1.8%
90 Day14.4%11.3%5.5%
1 Year17.1%14.4%19.4%15.7%7.2%1.1%
3 Year36.8%28.2%51.9%34.7%9.8%-3.3%
5 Year118.7%97.0%113.6%78.0%36.9%10.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BRSC (£16.98) is trading above our estimate of fair value (£10.47)

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


Price To Earnings Ratio

PE vs Industry: BRSC is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.

PE vs Market: BRSC is unprofitable, so we can't compare its PE Ratio to the UK market.


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 (1.2x) compared to the GB Capital Markets industry average (1.5x).

Future Growth

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

24.4%

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 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?

-17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRSC is currently unprofitable.

Growing Profit Margin: BRSC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRSC is unprofitable, and losses have increased over the past 5 years at a rate of 17.9% per year.

Accelerating Growth: Unable to compare BRSC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRSC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-3%).


Return on Equity

High ROE: BRSC has a negative Return on Equity (-1.2%), as it is currently unprofitable.

Financial Health

How is BlackRock Smaller Companies Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BRSC's short term assets (£45.4M) exceed its short term liabilities (£4.6M).

Long Term Liabilities: BRSC's short term assets (£45.4M) do not cover its long term liabilities (£69.6M).


Debt to Equity History and Analysis

Debt Level: BRSC's debt to equity ratio (9.9%) is considered satisfactory.

Reducing Debt: BRSC's debt to equity ratio has increased from 8% to 9.9% over the past 5 years.

Debt Coverage: BRSC's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: Insufficient data to determine if BRSC's interest payments on its debt are well covered by EBIT.


Balance Sheet

Dividend

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

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRSC's dividend (1.91%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: BRSC's dividend (1.91%) is low compared to the top 25% of dividend payers in the UK market (4.57%).


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: BRSC is paying a dividend but the company is unprofitable.


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?

9.6yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Michael Peacock
Non Executive Director8.58yrsUK£26.78kno data
Gillian Nott
Senior Independent Director9.58yrsUK£21.50kno data
Caroline Burton
Director9.58yrsUK£21.50kno data
Nicholas Rodney Fry
Chairman8.67yrsUK£33.77kno data
Robert Robertson
Director12.83yrsUK£22.14k0.18%
£ 1.5m

9.6yrs

Average Tenure

70yo

Average Age

Experienced Board: BRSC's board of directors are considered experienced (9.6 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 company bio, 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

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

Biography

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 publ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 20:01
End of Day Share Price2021/02/26 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.