LSE:CYN

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CQS Natural Resources Growth and Income

Executive Summary

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd.

Rewards


Snowflake Analysis

Share Price & News

How has CQS Natural Resources Growth and Income's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CYN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.0%

CYN

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-14.7%

CYN

9.7%

GB Capital Markets

-12.8%

GB Market

Return vs Industry: CYN underperformed the UK Capital Markets industry which returned 9.7% over the past year.

Return vs Market: CYN underperformed the UK Market which returned -12.5% over the past year.


Shareholder returns

CYNIndustryMarket
7 Day3.0%-1.2%2.0%
30 Day4.3%8.4%5.7%
90 Day-1.9%1.2%-8.2%
1 Year-8.6%-14.7%12.2%9.7%-8.6%-12.8%
3 Year-23.2%-36.0%57.2%46.0%-6.2%-17.6%
5 Year-3.8%-28.2%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is CQS Natural Resources Growth and Income's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CQS Natural Resources Growth and Income undervalued compared to its fair value and its price relative to the market?

29.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CYN (£0.72) is trading below our estimate of fair value (£1.03)

Significantly Below Fair Value: CYN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CYN is good value based on its PE Ratio (3.9x) compared to the Capital Markets industry average (15.4x).

PE vs Market: CYN is good value based on its PE Ratio (3.9x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CYN is good value based on its PB Ratio (0.6x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is CQS Natural Resources Growth and Income 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 CQS Natural Resources Growth and Income 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 CQS Natural Resources Growth and Income performed over the past 5 years?

8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CYN has high quality earnings.

Growing Profit Margin: CYN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CYN has become profitable over the past 5 years, growing earnings by 8.2% per year.

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

Earnings vs Industry: CYN 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: CYN's Return on Equity (16.1%) is considered low.

Financial Health

How is CQS Natural Resources Growth and Income's financial position?


Financial Position Analysis

Short Term Liabilities: CYN's short term assets (£1.4M) exceed its short term liabilities (£468.0K).

Long Term Liabilities: CYN's short term assets (£1.4M) do not cover its long term liabilities (£14.0M).


Debt to Equity History and Analysis

Debt Level: CYN's debt to equity ratio (18.1%) is considered satisfactory.

Reducing Debt: CYN's debt to equity ratio has reduced from 43.8% to 18.1% over the past 5 years.

Debt Coverage: CYN's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: CYN's interest payments on its debt are well covered by EBIT (51.2x coverage).


Balance Sheet

Dividend

What is CQS Natural Resources Growth and Income's current dividend yield, its reliability and sustainability?

7.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CYN's dividend (7.76%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: CYN's dividend (7.76%) is in the top 25% of dividend payers in the UK market (5.68%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), CYN'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?

16.8yrs

Average board tenure


CEO

CQS Natural Resources Growth and Income has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Richard Prickett
Directorno dataUK£20.00k0.13% £65.0k
Adam Cooke
Independent Non-Executive Director16.83yrsUK£9.00kno data
Geoffrey Douglas Burns
Non Executive Chairman14.83yrsUK£25.00kno data
Bevis Coulson
Independent Non-Executive Director16.83yrsUK£18.00kno data
Christopher Casey
Directorno datano data0.0097% £4.7k

16.8yrs

Average Tenure

65yo

Average Age

Experienced Board: CYN's board of directors are seasoned and experienced ( 16.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CYN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CQS Natural Resources Growth and Income plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CQS Natural Resources Growth and Income plc
  • Ticker: CYN
  • Exchange: LSE
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£48.294m
  • Shares outstanding: 66.89m
  • Website: https://www.ncim.co.uk/CNRhome.shtml

Location

  • CQS Natural Resources Growth and Income plc
  • 4th Floor
  • One Strand
  • London
  • Greater London
  • WC2N 5HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CYNLSE (London Stock Exchange)YesOrdinary SharesGBGBPNov 1994
CYNlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPNov 1994

Biography

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd. The fund invests in the public equity and fixed income markets across the globe. It invests in stocks of companies operating in the mining and resources sectors. For its fixed income portion, it primarily invests in mining, resource and industrial fixed interest securities such as preference shares, loan stocks and corporate bonds. The fund benchmarks the performance of its portfolio against the 2/3 Euromoney Global Mining Index and 1/3 Credit Suisse High Yield Index. It was formerly known as Aberdeen Latin American Trust. City Natural Resources High Yield Trust plc was formed in August, 2003 and is domiciled in the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 20:44
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.