LSE:SSIF

Stock Analysis Report

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Executive Summary

Rewards


Snowflake Analysis

Share Price & News

How has Secured Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0.4%

SSIF

0.5%

GB Capital Markets

-0.2%

GB Market


1 Year Return

-20.8%

SSIF

14.4%

GB Capital Markets

1.1%

GB Market

Return vs Industry: SSIF underperformed the UK Capital Markets industry which returned 15.2% over the past year.

Return vs Market: SSIF underperformed the UK Market which returned 2% over the past year.


Shareholder returns

SSIFIndustryMarket
7 Day0.4%0.5%-0.2%
30 Day0.4%5.3%3.6%
90 Day1.5%7.8%4.2%
1 Year-5.8%-20.8%18.0%14.4%7.0%1.1%
3 Year0.02%-27.2%53.2%35.9%10.6%-2.7%
5 Year10.3%-30.5%119.4%82.7%40.5%13.4%

Long-Term Price Volatility Vs. Market

How volatile is Secured Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Secured Income Fund undervalued compared to its fair value and its price relative to the market?

0.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SSIF (£0.67) is trading above our estimate of fair value (£0.66)

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


Price To Earnings Ratio

PE vs Industry: SSIF is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.

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


Price to Book Ratio

PB vs Industry: SSIF is good value based on its PB Ratio (0.8x) compared to the GB Capital Markets industry average (1.5x).

Future Growth

How is Secured Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.5%

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 Secured Income Fund 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 Secured Income Fund performed over the past 5 years?

-140.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SSIF is currently unprofitable.

Growing Profit Margin: SSIF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SSIF's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SSIF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SSIF is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2%).


Return on Equity

High ROE: SSIF has a negative Return on Equity (-2.01%), as it is currently unprofitable.

Financial Health

How is Secured Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: SSIF's short term assets (£13.5M) exceed its short term liabilities (£170.0K).

Long Term Liabilities: SSIF has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SSIF is debt free.

Reducing Debt: SSIF had no debt 5 years ago.

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

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


Balance Sheet

Dividend

What is Secured Income Fund current dividend yield, its reliability and sustainability?

89.89%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SSIF's dividend (89.89%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: SSIF's dividend (89.89%) is in the top 25% of dividend payers in the UK market (4.52%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SSIF has been paying a dividend for less than 10 years.

Growing Dividend: SSIF's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: SSIF 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?


CEO

Geoff Miller (54 yo)

no data

Tenure

Mr. Geoffrey Richard Miller, also known as Geoff, serves as the Chief Executive Officer of GLI Asset Management Limited at The SME Loan Fund plc. Mr. Miller is an Independent Consultant. Mr. Miller served ...


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Secured Income Fund Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Secured Income Fund Plc
  • Ticker: SSIF
  • Exchange: LSE
  • Founded: 2015
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£35.151m
  • Shares outstanding: 52.66m
  • Website: https://thesmeloanfund.com

Location

  • Secured Income Fund Plc
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSIFLSE (London Stock Exchange)YesOrdinary SharesGBGBPSep 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 19:28
End of Day Share Price2021/03/02 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.