company background image
SSIF

Secured Income FundLSE:SSIF Stock Report

Last Price

UK£0.18

Market Cap

UK£9.7m

7D

0%

1Y

-72.1%

Updated

17 Jan, 2022

Data

Company Financials
SSIF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends2/6

SSIF Stock Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for Secured Income Fund
Historical stock prices
Current Share PriceUK£0.18
52 Week HighUK£0.72
52 Week LowUK£0.15
Beta0.052
1 Month Change-7.50%
3 Month Change-26.00%
1 Year Change-72.08%
3 Year Change-79.89%
5 Year Change-80.16%
Change since IPO-81.91%

Recent News & Updates

Shareholder Returns

SSIFGB Capital MarketsGB Market
7D0%-0.7%-0.5%
1Y-72.1%-1.9%8.7%

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

Return vs Market: SSIF underperformed the UK Market which returned 8.7% over the past year.

Price Volatility

Is SSIF's price volatile compared to industry and market?
SSIF volatility
SSIF Average Weekly Movement4.6%
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: SSIF is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SSIF's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aGeoff Millerhttps://thesmeloanfund.com

Secured Income Fund Fundamentals Summary

How do Secured Income Fund's earnings and revenue compare to its market cap?
SSIF fundamental statistics
Market CapUK£9.74m
Earnings (TTM)-UK£11.02m
Revenue (TTM)UK£3.13m

3.1x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSIF income statement (TTM)
RevenueUK£3.13m
Cost of RevenueUK£10.94m
Gross Profit-UK£7.81m
ExpensesUK£3.21m
Earnings-UK£11.02m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.21
Gross Margin-249.19%
Net Profit Margin-351.64%
Debt/Equity Ratio0.0%

How did SSIF perform over the long term?

See historical performance and comparison

Dividends

151.4%

Current Dividend Yield

-134%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SSIF (£0.19) is trading below our estimate of fair value (£0.41)

Significantly Below Fair Value: SSIF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SSIF is unprofitable, so we can't compare its PE Ratio to the UK 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 (0.5x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Secured Income Fund 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 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?

-97.3%

Historical annual 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: SSIF is unprofitable, and losses have increased over the past 5 years at a rate of 97.3% per year.

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 (66.7%).


Return on Equity

High ROE: SSIF has a negative Return on Equity (-57.66%), 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 (£11.9M) exceed its short term liabilities (£148.0K).

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.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SSIF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SSIF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.5% per year.

Dividend

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

151.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSIF's dividend (151.35%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: SSIF's dividend (151.35%) is in the top 25% of dividend payers in the UK market (4.05%)


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 3 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 (55 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 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
  • Implied Market Cap: UK£9.742m
  • Shares outstanding: 52.66m
  • Website: https://thesmeloanfund.com

Location

  • Secured Income Fund Plc
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 19:01
End of Day Share Price2022/01/14 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.