AIM:BLV

Stock Analysis Report

Executive Summary

Belvoir Group PLC operates as a property franchise company in the United Kingdom.

Snowflake

Fundamentals

Good value average dividend payer.


Similar Companies

Share Price & News

How has Belvoir Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.9%

BLV

1.2%

GB Real Estate

-0.4%

GB Market


1 Year Return

13.8%

BLV

3.2%

GB Real Estate

2.9%

GB Market

Return vs Industry: BLV exceeded the UK Real Estate industry which returned 3.2% over the past year.

Return vs Market: BLV exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

BLVIndustryMarket
7 Day6.9%1.2%-0.4%
30 Day2.7%3.4%-1.4%
90 Day0.4%5.3%-2.1%
1 Year21.4%13.8%7.4%3.2%8.0%2.9%
3 Year-1.6%-18.9%-5.3%-11.9%18.0%3.6%
5 Year29.4%-4.1%20.3%5.7%35.8%6.4%

Price Volatility Vs. Market

How volatile is Belvoir Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Belvoir Group undervalued compared to its fair value and its price relative to the market?

42.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLV (£1.16) is trading below our estimate of fair value (£2)

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


Price To Earnings Ratio

PE vs Industry: BLV is good value based on its PE Ratio (9.9x) compared to the Real Estate industry average (11.2x).

PE vs Market: BLV is good value based on its PE Ratio (9.9x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: BLV is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BLV is overvalued based on its PB Ratio (1.8x) compared to the GB Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Belvoir Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLV's forecast earnings growth (8.4% per year) is above the savings rate (1.2%).

Earnings vs Market: BLV's earnings (8.4% per year) are forecast to grow slower than the UK market (12.6% per year).

High Growth Earnings: BLV's earnings are forecast to grow, but not significantly.

Revenue vs Market: BLV's revenue (9.3% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: BLV's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLV's Return on Equity is forecast to be low in 3 years time (19.6%).


Next Steps

Past Performance

How has Belvoir Group performed over the past 5 years?

27.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BLV's earnings have grown significantly by 27.9% per year over the past 5 years.

Accelerating Growth: BLV's earnings growth over the past year (2.1%) is below its 5-year average (27.9% per year).

Earnings vs Industry: BLV earnings growth over the past year (2.1%) underperformed the Real Estate industry 8%.


Return on Equity

High ROE: BLV's Return on Equity (18.1%) is considered low.


Return on Assets

ROA vs Industry: BLV has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: BLV has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Belvoir Group's financial position?


Financial Position Analysis

Short Term Liabilities: BLV's short term assets (£6.2M) exceeds its short term liabilities (£4.0M)

Long Term Liabilities: BLV's short term assets (6.2M) do not cover its long term liabilities (12.6M)


Debt to Equity History and Analysis

Debt Level: BLV's debt to equity ratio (48.6%) is considered high

Reducing Debt: BLV's debt to equity ratio has increased from 21.3% to 48.6% over the past 5 years.

Debt Coverage: BLV's debt is well covered by operating cash flow (47.5%).

Interest Coverage: BLV's interest payments on its debt are well covered by EBIT (79.3x coverage).


Balance Sheet

Inventory Level: BLV has a low level of unsold assets or inventory.

Debt Coverage by Assets: BLV's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Belvoir Group's current dividend yield, its reliability and sustainability?

6.23%

Current Dividend Yield


Dividend Yield vs Market

company6.2%marketbottom25%2.0%markettop25%5.4%industryaverage3.1%forecastin3Years6.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BLV's dividend (6.23%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: BLV's dividend (6.23%) is in the top 25% of dividend payers in the UK market (5.36%)

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

Growing Dividend: BLV's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.8%), BLV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BLV's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).


Next Steps

Management

What is the CEO of Belvoir Group's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Dorian Gonsalves (44yo)

9.3yrs

Tenure

UK£302,000

Compensation

Mr. Dorian Gonsalves has been the Chief Executive Officer of Belvoir Lettings Plc since July 13, 2017 and served as its Chief Operating Officer until July 13, 2017. Mr. Gonsalves has been Managing Director ...


CEO Compensation Analysis

Compensation vs. Market: Dorian's total compensation ($USD388.74K) is about average for companies of similar size in the UK market ($USD320.52K).

Compensation vs Earnings: Dorian's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.4yrs

Average Tenure

52yo

Average Age

Experienced Management: BLV's management team is seasoned and experienced (7.4 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

57.5yo

Average Age

Experienced Board: BLV's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£9,30003 Dec 18
Michael Stoop
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares10,000
Max PriceUK£0.93
BuyUK£9,00003 Dec 18
Paul George
EntityIndividual
Shares10,000
Max PriceUK£0.90

Ownership Breakdown


Management Team

  • Louise George (52yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£252.00k
  • Dorian Gonsalves (44yo)

    CEO & Executive Director

    • Tenure: 9.3yrs
    • Compensation: UK£302.00k
  • Stephanie Goddard

    • Tenure: 24.8yrs
  • Cheryl Watts

    Compliance Director

    • Tenure: 5.6yrs
  • Mark Newton (63yo)

    Executive Director

    • Tenure: 3.6yrs
    • Compensation: UK£121.00k
  • Andy Smith

    Head of Franchise Recruitment

    • Tenure: 0yrs
  • Phil Gee

    Managing Director of Northwood GB Limited

    • Tenure: 0yrs
  • Michelle Brook

    Managing Director of Brook Financial Services Limited

    • Tenure: 0yrs
  • Janine Cumberland

    Group Human Resource Manager

    • Tenure: 0yrs

Board Members

  • Louise George (52yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£252.00k
  • Dorian Gonsalves (44yo)

    CEO & Executive Director

    • Tenure: 9.3yrs
    • Compensation: UK£302.00k
  • Michael Stoop (63yo)

    Non-Executive Chairman

    • Tenure: 0.4yrs
    • Compensation: UK£23.00k
  • Mark Newton (63yo)

    Executive Director

    • Tenure: 3.6yrs
    • Compensation: UK£121.00k

Company Information

Belvoir Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Belvoir Group PLC
  • Ticker: BLV
  • Exchange: AIM
  • Founded: 1994
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: UK£42.889m
  • Shares outstanding: 37.13m
  • Website: https://www.belvoirgroup.com

Number of Employees


Location

  • Belvoir Group PLC
  • The Old Courthouse
  • 60A London Road
  • Grantham
  • Lincolnshire
  • NG31 6HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLVAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2012

Biography

Belvoir Group PLC operates as a property franchise company in the United Kingdom. The company operates three property franchises offering residential lettings and sales through 365 individual businesses pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:36
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.