| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
BRWM Stock Overview
BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£6.74 |
| 52 Week High | UK£6.99 |
| 52 Week Low | UK£4.92 |
| Beta | 1.08 |
| 1 Month Change | 21.01% |
| 3 Month Change | 21.44% |
| 1 Year Change | 18.25% |
| 3 Year Change | 98.09% |
| 5 Year Change | 80.94% |
| Change since IPO | 591.28% |
Recent News & Updates
Shareholder Returns
| BRWM | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | 8.7% | -1.4% | -1.0% |
| 1Y | 18.2% | -3.0% | 8.3% |
Return vs Industry: BRWM exceeded the UK Capital Markets industry which returned -1.9% over the past year.
Return vs Market: BRWM exceeded the UK Market which returned 8.3% over the past year.
Price Volatility
| BRWM volatility | |
|---|---|
| BRWM Average Weekly Movement | 3.9% |
| Capital Markets Industry Average Movement | 4.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: BRWM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BRWM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | n/a | https://www.blackrock.co.uk/individual/products/investment-trust/blackrock-world-mining-trust |
BlackRock World Mining 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 public equity markets across the globe.
BlackRock World Mining Trust Fundamentals Summary
| BRWM fundamental statistics | |
|---|---|
| Market Cap | UK£1.24b |
| Earnings (TTM) | UK£362.74m |
| Revenue (TTM) | UK£364.01m |
3.4x
P/E Ratio3.4x
P/S RatioIs BRWM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRWM income statement (TTM) | |
|---|---|
| Revenue | UK£364.01m |
| Cost of Revenue | UK£0 |
| Gross Profit | UK£364.01m |
| Expenses | UK£1.27m |
| Earnings | UK£362.74m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.97 |
| Gross Margin | 100.00% |
| Net Profit Margin | 99.65% |
| Debt/Equity Ratio | 13.1% |
How did BRWM perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield11%
Payout RatioValuation
Is BlackRock World Mining Trust undervalued compared to its fair value and its price relative to the market?
3.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRWM (£6.74) is trading above our estimate of fair value (£6.04)
Significantly Below Fair Value: BRWM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRWM is good value based on its PE Ratio (3.4x) compared to the UK Capital Markets industry average (10.9x).
PE vs Market: BRWM is good value based on its PE Ratio (3.4x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BRWM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BRWM is good value based on its PB Ratio (1.1x) compared to the GB Capital Markets industry average (1.7x).
Future Growth
How is BlackRock World Mining 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 World Mining 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 World Mining Trust performed over the past 5 years?
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRWM has a high level of non-cash earnings.
Growing Profit Margin: BRWM's current net profit margins (99.7%) are higher than last year (48.4%).
Past Earnings Growth Analysis
Earnings Trend: BRWM's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: BRWM's earnings growth over the past year (2453.6%) exceeds its 5-year average (2.1% per year).
Earnings vs Industry: BRWM earnings growth over the past year (2453.6%) exceeded the Capital Markets industry 66.7%.
Return on Equity
High ROE: BRWM's Return on Equity (32%) is considered high.
Financial Health
How is BlackRock World Mining Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BRWM's short term assets (£13.4M) do not cover its short term liabilities (£153.5M).
Long Term Liabilities: BRWM's short term assets (£13.4M) exceed its long term liabilities (£163.0K).
Debt to Equity History and Analysis
Debt Level: BRWM's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: BRWM's debt to equity ratio has increased from 13.1% to 13.1% over the past 5 years.
Debt Coverage: BRWM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BRWM's interest payments on its debt are well covered by EBIT (358.5x coverage).
Balance Sheet
Dividend
What is BlackRock World Mining Trust current dividend yield, its reliability and sustainability?
3.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRWM's dividend (3.01%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).
High Dividend: BRWM's dividend (3.01%) is low compared to the top 25% of dividend payers in the UK market (4.06%).
Stability and Growth of Payments
Stable Dividend: BRWM's dividend payments have been volatile in the past 10 years.
Growing Dividend: BRWM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.8%), BRWM'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?
17.6yrs
Average board tenure
CEO
BlackRock World Mining Trust has no CEO, or we have no data on them.
Board Members
Experienced Board: BRWM's board of directors are seasoned and experienced ( 17.6 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
Top Shareholders
Company Information
BlackRock World Mining Trust plc's employee growth, exchange listings and data sources
Key Information
- Name: BlackRock World Mining Trust plc
- Ticker: BRWM
- Exchange: LSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: UK£1.238b
- Shares outstanding: 183.68m
- Website: https://www.blackrock.co.uk/individual/products/investment-trust/blackrock-world-mining-trust
Location
- BlackRock World Mining Trust plc
- 12 Throgmorton Avenue
- London
- Greater London
- EC2N 2DL
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 21:14 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.