ProVen Growth & Income VCT
Market Cap
UK£120.8m
Last Updated
2021/02/28 18:42 UTC
Data Sources
Company Financials
Executive Summary
ProVen Growth & Income VCT plc is a venture capital trust specializing in expansion and management buyouts. More Details
Snowflake Analysis
Share Price & News
How has ProVen Growth & Income VCT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGOO is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: PGOO's weekly volatility (1%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
PGOO
-1.8%
GB Capital Markets
-2.3%
GB Market
1 Year Return
-7.7%
PGOO
15.7%
GB Capital Markets
1.1%
GB Market
Return vs Industry: PGOO underperformed the UK Capital Markets industry which returned 14.4% over the past year.
Return vs Market: PGOO underperformed the UK Market which returned 1% over the past year.
Shareholder returns
| PGOO | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -1.8% | -2.3% |
| 30 Day | 1.9% | 3.6% | 1.8% |
| 90 Day | 5.9% | 11.3% | 5.5% |
| 1 Year | -1.7%-7.7% | 19.4%15.7% | 7.2%1.1% |
| 3 Year | 1.3%-18.2% | 51.9%34.7% | 9.8%-3.3% |
| 5 Year | 13.2%-28.6% | 113.6%78.0% | 36.9%10.5% |
Long-Term Price Volatility Vs. Market
How volatile is ProVen Growth & Income VCT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is ProVen Growth & Income VCT undervalued compared to its fair value and its price relative to the market?
0.98x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PGOO (£0.54) is trading above our estimate of fair value (£0.24)
Significantly Below Fair Value: PGOO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PGOO is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.
PE vs Market: PGOO 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 PGOO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGOO is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.5x).
Future Growth
How is ProVen Growth & Income VCT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.4%
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 ProVen Growth & Income 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 ProVen Growth & Income VCT performed over the past 5 years?
-43.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGOO is currently unprofitable.
Growing Profit Margin: PGOO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PGOO is unprofitable, and losses have increased over the past 5 years at a rate of 43.9% per year.
Accelerating Growth: Unable to compare PGOO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PGOO is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-3%).
Return on Equity
High ROE: PGOO has a negative Return on Equity (-7.34%), as it is currently unprofitable.
Financial Health
How is ProVen Growth & Income VCT's financial position?
Financial Position Analysis
Short Term Liabilities: PGOO's short term assets (£41.9M) exceed its short term liabilities (£504.0K).
Long Term Liabilities: PGOO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PGOO is debt free.
Reducing Debt: PGOO has not had any debt for past 5 years.
Debt Coverage: PGOO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PGOO has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is ProVen Growth & Income VCT current dividend yield, its reliability and sustainability?
6.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PGOO's dividend (6.02%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: PGOO's dividend (6.02%) is in the top 25% of dividend payers in the UK market (4.57%)
Stability and Growth of Payments
Stable Dividend: PGOO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PGOO has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: PGOO 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?
9.5yrs
Average board tenure
CEO
ProVen Growth & Income VCT has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director | 13.17yrs | UK£15.00k | 0.052% £ 63.0k | |
| Non-Executive Director | 7.5yrs | UK£12.90k | no data | |
| Chairman | 10.5yrs | UK£30.00k | 0.14% £ 167.3k | |
| Non-Executive Director | no data | UK£22.50k | 0.016% £ 19.1k | |
| Non-Executive Director | 9.5yrs | UK£22.50k | 0.045% £ 54.5k | |
| Non-Executive Director | 1.25yrs | no data | no data |
9.5yrs
Average Tenure
71yo
Average Age
Experienced Board: PGOO's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PGOO 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 11.2%.
Top Shareholders
Company Information
ProVen Growth & Income VCT PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ProVen Growth & Income VCT PLC
- Ticker: PGOO
- Exchange: LSE
- Founded: 2002
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£120.784m
- Shares outstanding: 223.67m
- Website: https://www.provenvcts.co.uk/funds/dynamicfund/2
Location
- ProVen Growth & Income VCT PLC
- 39 Earlham Street
- Covent Garden
- London
- WC2H 9LT
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PGOO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jul 2001 |
Biography
ProVen Growth & Income VCT plc is a venture capital trust specializing in expansion and management buyouts. It does not invest in start ups. It seeks to invest in SMEs in United Kingdom. It's holding perio...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 18:42 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/02/29 |
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.