LSE:MIX

Stock Analysis Report

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Executive Summary

Mobeus Income & Growth VCT Plc is a venture capital trust which specializes in investments in mature stage investments in unquoted companies.

Rewards


Snowflake Analysis

Share Price & News

How has Mobeus Income & Growth VCT's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.9%

MIX

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-19.1%

MIX

9.7%

GB Capital Markets

-12.8%

GB Market

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

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


Shareholder returns

MIXIndustryMarket
7 Day0.9%-1.2%2.0%
30 Day-4.1%8.4%5.7%
90 Day-16.7%1.2%-8.2%
1 Year5.8%-19.1%12.2%9.7%-8.6%-12.8%
3 Year32.2%-28.4%57.2%46.0%-6.2%-17.6%
5 Year48.6%-40.4%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Mobeus Income & Growth VCT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mobeus Income & Growth VCT undervalued compared to its fair value and its price relative to the market?

4.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIX (£0.5) is trading below our estimate of fair value (£0.52)

Significantly Below Fair Value: MIX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MIX is good value based on its PE Ratio (5.3x) compared to the Capital Markets industry average (15.4x).

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


Price to Book Ratio

PB vs Industry: MIX is good value based on its PB Ratio (0.7x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Mobeus Income & Growth VCT 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 Mobeus Income & Growth VCT 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 Mobeus Income & Growth VCT performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIX has high quality earnings.

Growing Profit Margin: MIX's current net profit margins (82.5%) are higher than last year (65%).


Past Earnings Growth Analysis

Earnings Trend: MIX's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: MIX's earnings growth over the past year (158.6%) exceeds its 5-year average (4% per year).

Earnings vs Industry: MIX earnings growth over the past year (158.6%) exceeded the Capital Markets industry 16.4%.


Return on Equity

High ROE: MIX's Return on Equity (13.8%) is considered low.

Financial Health

How is Mobeus Income & Growth VCT's financial position?


Financial Position Analysis

Short Term Liabilities: MIX's short term assets (£20.4M) exceed its short term liabilities (£216.1K).

Long Term Liabilities: MIX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MIX is debt free.

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

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

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


Balance Sheet

Dividend

What is Mobeus Income & Growth VCT's current dividend yield, its reliability and sustainability?

24.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIX's dividend (24.12%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: MIX's dividend (24.12%) is in the top 25% of dividend payers in the UK market (5.68%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (106.8%), MIX's dividend payments are not 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?

15.8yrs

Average board tenure


CEO

Mobeus Income & Growth VCT has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Catherine Wall
Independent Non-Executive Director5.83yrsno data0.042% £26.6k
Keith Niven
Independent Chairman15.83yrsUK£36.00kno data
Thomas Sooke
Senior Independent Non-Executive Directorno dataUK£33.75kno data
Bridget Guerin
Independent Director15.83yrsUK£27.00k0.16% £101.8k
Clive Boothman
Independent Chairmanno datano data0.065% £40.8k

15.8yrs

Average Tenure

70yo

Average Age

Experienced Board: MIX's board of directors are seasoned and experienced ( 15.8 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 been diluted in the past year, with total shares outstanding growing by 20.2%.


Top Shareholders

Company Information

Mobeus Income & Growth VCT Plc's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Mobeus Income & Growth VCT Plc
  • 30 Haymarket
  • London
  • Greater London
  • SW1Y 4EX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIXLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 2004

Biography

Mobeus Income & Growth VCT Plc is a venture capital trust which specializes in investments in mature stage investments in unquoted companies. However, it can co-invest in larger mature unquoted companies. The fund seeks to invest in companies based in the United Kingdom. It initially invests from £0.02 million ($0.03 million) to £1 million ($1.56 million) in its portfolio companies. The fund structures its investments as part equity and part loan. It invests in companies having not more than £15 million ($23.33 million) of gross assets at the time of investment. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 20:51
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
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.