LSE:PGOO

Stock Analysis Report

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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

PGOOIndustryMarket
7 Day-0.9%-1.8%-2.3%
30 Day1.9%3.6%1.8%
90 Day5.9%11.3%5.5%
1 Year-1.7%-7.7%19.4%15.7%7.2%1.1%
3 Year1.3%-18.2%51.9%34.7%9.8%-3.3%
5 Year13.2%-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

NamePositionTenureCompensationOwnership
Malcolm Moss
Non-Executive Director13.17yrsUK£15.00k0.052%
£ 63.0k
Frank Harding
Non-Executive Director7.5yrsUK£12.90kno data
Marc Vlessing
Chairman10.5yrsUK£30.00k0.14%
£ 167.3k
James Stewart
Non-Executive Directorno dataUK£22.50k0.016%
£ 19.1k
Natasha Christie-Miller
Non-Executive Director9.5yrsUK£22.50k0.045%
£ 54.5k
Anna Kuriakose
Non-Executive Director1.25yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGOOLSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/28 18:42
End of Day Share Price2021/02/26 00:00
Earnings2020/08/31
Annual Earnings2020/02/29


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.