BlackRock World Mining Trust
Market Cap
UK£593.7m
Last Updated
2020/05/30 21:39 UTC
Data Sources
Company Financials
Executive Summary
BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited.
Rewards
Snowflake Analysis
Share Price & News
How has BlackRock World Mining Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRWM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.7%
BRWM
-1.2%
GB Capital Markets
2.0%
GB Market
1 Year Return
2.4%
BRWM
9.7%
GB Capital Markets
-12.8%
GB Market
Return vs Industry: BRWM underperformed the UK Capital Markets industry which returned 10.3% over the past year.
Return vs Market: BRWM exceeded the UK Market which returned -12.4% over the past year.
Shareholder returns
| BRWM | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -1.2% | 2.0% |
| 30 Day | 8.2% | 8.4% | 5.7% |
| 90 Day | 7.0% | 1.2% | -8.2% |
| 1 Year | 10.5%2.4% | 12.2%9.7% | -8.6%-12.8% |
| 3 Year | 21.2%2.2% | 57.2%46.0% | -6.2%-17.6% |
| 5 Year | 50.9%10.0% | 127.6%102.2% | 12.7%-12.5% |
Price Volatility Vs. Market
How volatile is BlackRock World Mining 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 World Mining 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: BRWM (£3.42) is trading below our estimate of fair value (£9)
Significantly Below Fair Value: BRWM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BRWM is good value based on its PE Ratio (5.3x) compared to the Capital Markets industry average (15.3x).
PE vs Market: BRWM is good value based on its PE Ratio (5.3x) compared to the UK market (14.7x).
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 (0.8x) compared to the GB Capital Markets industry average (1.6x).
Future Growth
How is BlackRock World Mining 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 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?
38.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRWM has high quality earnings.
Growing Profit Margin: BRWM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BRWM has become profitable over the past 5 years, growing earnings by 38.9% per year.
Accelerating Growth: BRWM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BRWM 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: BRWM's Return on Equity (15.1%) is considered low.
Financial Health
How is BlackRock World Mining Trust's financial position?
Financial Position Analysis
Short Term Liabilities: BRWM's short term assets (£6.5M) do not cover its short term liabilities (£95.0M).
Long Term Liabilities: BRWM's short term assets (£6.5M) exceed its long term liabilities (£124.0K).
Debt to Equity History and Analysis
Debt Level: BRWM's debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: BRWM's debt to equity ratio has reduced from 16.9% to 12% over the past 5 years.
Debt Coverage: BRWM's debt is well covered by operating cash flow (34.9%).
Interest Coverage: BRWM's interest payments on its debt are well covered by EBIT (32.6x coverage).
Balance Sheet
Dividend
What is BlackRock World Mining Trust's current dividend yield, its reliability and sustainability?
6.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRWM's dividend (6.43%) is higher than the bottom 25% of dividend payers in the UK market (2.04%).
High Dividend: BRWM's dividend (6.43%) is in the top 25% of dividend payers in the UK market (5.67%)
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 reasonably low payout ratio (34%), BRWM'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?
15.5yrs
Average board tenure
CEO
BlackRock World Mining Trust has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Executive Director | 7.92yrs | UK£22.50k | 0.014% £82.1k | |
| Senior Independent Director | no data | UK£30.81k | no data | |
| Non Executive Director | 16.42yrs | UK£22.50k | no data | |
| Independent Non-Executive Director | 15.5yrs | UK£24.79k | no data |
15.5yrs
Average Tenure
74yo
Average Age
Experienced Board: BRWM's board of directors are seasoned and experienced ( 15.5 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 World Mining Trust plc's company bio, 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
- Market Cap: UK£593.729m
- Shares outstanding: 173.61m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BRWM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Dec 1993 |
| BWMT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 1993 |
| BRWML | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Dec 1993 |
Biography
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. It seeks to invest in stocks of companies operating in the mining and metal sectors. The fund benchmarks the performance of its portfolio against the Euromoney Global Mining Index. It was formerly known as Merrill Lynch World Mining Trust PLC. BlackRock World Mining Trust plc was formed on December 15, 1993 and is domiciled in the United Kingdom.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 21:39 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.