LSE:BSC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

British Smaller Companies VCT 2

Executive Summary

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. More Details


Snowflake Analysis

Share Price & News

How has British Smaller Companies VCT 2's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BSC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

BSC

-2.6%

GB Capital Markets

-1.9%

GB Market


1 Year Return

-10.7%

BSC

-0.9%

GB Capital Markets

-16.2%

GB Market

Return vs Industry: BSC underperformed the UK Capital Markets industry which returned 0.1% over the past year.

Return vs Market: BSC exceeded the UK Market which returned -14.8% over the past year.


Shareholder returns

BSCIndustryMarket
7 Day0%-2.6%-1.9%
30 Day-0.9%-0.2%0.7%
90 Day0%-2.6%-4.8%
1 Year-3.4%-10.7%2.5%-0.9%-13.0%-16.2%
3 Year6.9%-19.6%20.7%6.3%-9.4%-20.6%
5 Year21.7%-19.6%60.8%31.5%13.5%-12.0%

Price Volatility Vs. Market

How volatile is British Smaller Companies VCT 2's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is British Smaller Companies VCT 2 undervalued compared to its fair value and its price relative to the market?

0.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BSC (£0.44) is trading above our estimate of fair value (£0.24)

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


Price To Earnings Ratio

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

PE vs Market: BSC 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 BSC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BSC is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.3x).

Future Growth

How is British Smaller Companies VCT 2 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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 British Smaller Companies VCT 2 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 British Smaller Companies VCT 2 performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSC is currently unprofitable.

Growing Profit Margin: BSC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSC is unprofitable, and losses have increased over the past 5 years at a rate of 5.9% per year.

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

Earnings vs Industry: BSC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (0.9%).


Return on Equity

High ROE: BSC has a negative Return on Equity (-2.92%), as it is currently unprofitable.

Financial Health

How is British Smaller Companies VCT 2's financial position?


Financial Position Analysis

Short Term Liabilities: BSC's short term assets (£25.4M) exceed its short term liabilities (£98.0K).

Long Term Liabilities: BSC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BSC is debt free.

Reducing Debt: BSC has not had any debt for past 5 years.

Debt Coverage: BSC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BSC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is British Smaller Companies VCT 2 current dividend yield, its reliability and sustainability?

7.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSC's dividend (7.92%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: BSC's dividend (7.92%) is in the top 25% of dividend payers in the UK market (5.32%)


Stability and Growth of Payments

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

Growing Dividend: BSC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BSC 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?

12.8yrs

Average board tenure


CEO

British Smaller Companies VCT 2 has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Robert Pettigrew
Non-Executive Director19.92yrsUK£18.00kno data
Richard Last
Chairman12.75yrsUK£31.50kno data
Peter Waller
Non-Executive Director10yrsUK£18.00kno data

12.8yrs

Average Tenure

73yo

Average Age

Experienced Board: BSC's board of directors are seasoned and experienced ( 12.8 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

British Smaller Companies VCT 2 plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: British Smaller Companies VCT 2 plc
  • Ticker: BSC
  • Exchange: LSE
  • Founded: 2000
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£53.241m
  • Shares outstanding: 129.86m
  • Website: https://www.yfmep.com/investors-area/bscvct2/

Location

  • British Smaller Companies VCT 2 plc
  • 5th Floor
  • Valiant Building
  • Leeds
  • West Yorkshire
  • LS1 5QS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AH73LSE (London Stock Exchange)NEW ORD GBP0.10(RFD 1/1/2002)GBGBPNo data
BSCLSE (London Stock Exchange)YesOrdinary SharesGBGBPApr 2001

Biography

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 21:43
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
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.