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PVN

ProVen VCTLSE:PVN Stock Report

Last Price

UK£0.70

Market Cap

UK£136.3m

7D

0%

1Y

13.7%

Updated

16 Jan, 2022

Data

Company Financials
PVN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

PVN Stock Overview

ProVen VCT plc is a venture capital trust specializing in expansion and management buyouts.

Price History & Performance

Summary of all time highs, changes and price drops for ProVen VCT
Historical stock prices
Current Share PriceUK£0.70
52 Week HighUK£0.73
52 Week LowUK£0.60
Beta0.11
1 Month Change0%
3 Month Change0%
1 Year Change13.71%
3 Year Change-10.76%
5 Year Change-24.09%
Change since IPO-64.75%

Recent News & Updates

Shareholder Returns

PVNGB Capital MarketsGB Market
7D0%-0.7%-0.5%
1Y13.7%-1.9%8.7%

Return vs Industry: PVN exceeded the UK Capital Markets industry which returned -1.9% over the past year.

Return vs Market: PVN exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is PVN's price volatile compared to industry and market?
PVN volatility
PVN Average Weekly Movement1.0%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

Stable Share Price: PVN is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: PVN's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.provenvcts.co.uk/funds/dynamicfund/1

ProVen VCT plc is a venture capital trust specializing in expansion and management buyouts. The fund invest in small and medium sized smaller companies. It does not invest in startups.

ProVen VCT Fundamentals Summary

How do ProVen VCT's earnings and revenue compare to its market cap?
PVN fundamental statistics
Market CapUK£136.33m
Earnings (TTM)UK£21.05m
Revenue (TTM)UK£25.11m

6.5x

P/E Ratio

5.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVN income statement (TTM)
RevenueUK£25.11m
Cost of RevenueUK£0
Gross ProfitUK£25.11m
ExpensesUK£4.06m
EarningsUK£21.05m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin100.00%
Net Profit Margin83.85%
Debt/Equity Ratio0.0%

How did PVN perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is ProVen VCT undervalued compared to its fair value and its price relative to the market?

6.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PVN (£0.71) is trading above our estimate of fair value (£0.29)

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


Price To Earnings Ratio

PE vs Industry: PVN is good value based on its PE Ratio (6.5x) compared to the UK Capital Markets industry average (11x).

PE vs Market: PVN is good value based on its PE Ratio (6.5x) compared to the UK market (19.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PVN is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is ProVen VCT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.8%

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 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 VCT performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVN has a high level of non-cash earnings.

Growing Profit Margin: PVN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PVN's earnings have declined by 7.3% per year over the past 5 years.

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

Earnings vs Industry: PVN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (66.7%).


Return on Equity

High ROE: PVN's Return on Equity (14.4%) is considered low.

Financial Health

How is ProVen VCT's financial position?


Financial Position Analysis

Short Term Liabilities: PVN's short term assets (£49.7M) exceed its short term liabilities (£1.6M).

Long Term Liabilities: PVN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PVN is debt free.

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

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

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


Balance Sheet

Dividend

What is ProVen VCT current dividend yield, its reliability and sustainability?

4.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PVN's dividend (4.96%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: PVN's dividend (4.96%) is in the top 25% of dividend payers in the UK market (4.05%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.4%), PVN'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?


CEO

ProVen VCT has no CEO, or we have no data on them.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.3%.


Top Shareholders

Company Information

ProVen VCT plc's employee growth, exchange listings and data sources


Key Information

  • Name: ProVen VCT plc
  • Ticker: PVN
  • Exchange: LSE
  • Founded: 2001
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£136.327m
  • Shares outstanding: 193.37m
  • Website: https://www.provenvcts.co.uk/funds/dynamicfund/1

Location

  • ProVen VCT plc
  • 55 Drury Lane
  • Covent Garden
  • London
  • Greater London
  • WC2B 5SQ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 18:58
End of Day Share Price2022/01/14 00:00
Earnings2021/08/31
Annual Earnings2021/02/28


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.