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Belvoir Lettings

AIM:BLV
Snowflake Description

Outstanding track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLV
AIM
£40M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Belvoir Lettings plc, together with its subsidiaries, engages in selling, supporting, and training residential property franchises in the United Kingdom. The last earnings update was 74 days ago. More info.


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BLV Share Price and Events
7 Day Returns
-0.4%
AIM:BLV
-0.1%
GB Real Estate
0.4%
GB Market
1 Year Returns
6.5%
AIM:BLV
-24.6%
GB Real Estate
-3.7%
GB Market
BLV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Belvoir Lettings (BLV) -0.4% -3.4% 13.9% 6.5% -8.4% -11.2%
GB Real Estate -0.1% -2.1% -5.5% -24.6% -0% -11.4%
GB Market 0.4% 0.3% 0.8% -3.7% 19% 3.4%
1 Year Return vs Industry and Market
  • BLV outperformed the Real Estate industry which returned -24.6% over the past year.
  • BLV outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.7% over the past year.
Price Volatility
BLV
Industry
5yr Volatility vs Market

BLV Value

 Is Belvoir Lettings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Belvoir Lettings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Belvoir Lettings.

AIM:BLV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:BLV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 19%) (28.44%))
1.175
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.175 * 6.65%)
9.04%

Discounted Cash Flow Calculation for AIM:BLV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Belvoir Lettings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:BLV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.04%)
2019 4.60 Analyst x1 4.22
2020 5.30 Analyst x1 4.46
2021 5.50 Analyst x1 4.24
2022 5.66 Est @ 2.96% 4.01
2023 5.80 Est @ 2.44% 3.76
2024 5.92 Est @ 2.08% 3.52
2025 6.03 Est @ 1.82% 3.29
2026 6.13 Est @ 1.64% 3.07
2027 6.22 Est @ 1.52% 2.86
2028 6.31 Est @ 1.43% 2.66
Present value of next 10 years cash flows £36.08
AIM:BLV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £6.31 × (1 + 1.23%) ÷ (9.04% – 1.23%)
£81.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £81.79 ÷ (1 + 9.04%)10
£34.43
AIM:BLV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £36.08 + £34.43
£70.51
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £70.51 / 34.94
£2.02
AIM:BLV Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.02
Current discount Discount to share price of £1.15
= -1 x (£1.15 - £2.02) / £2.02
43.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Belvoir Lettings is available for.
Intrinsic value
43%
Share price is £1.15 vs Future cash flow value of £2.02
Current Discount Checks
For Belvoir Lettings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Belvoir Lettings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Belvoir Lettings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Belvoir Lettings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Belvoir Lettings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:BLV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.13
AIM:BLV Share Price ** AIM (2019-06-17) in GBP £1.15
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 12.25x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Belvoir Lettings.

AIM:BLV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:BLV Share Price ÷ EPS (both in GBP)

= 1.15 ÷ 0.13

9.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belvoir Lettings is good value based on earnings compared to the GB Real Estate industry average.
  • Belvoir Lettings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Belvoir Lettings's expected growth come at a high price?
Raw Data
AIM:BLV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
4.9%per year
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PEG Ratio Median Figure of 16 Publicly-Listed Real Estate Companies 1.37x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 575 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AIM:BLV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.15x ÷ 4.9%

1.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belvoir Lettings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Belvoir Lettings's assets?
Raw Data
AIM:BLV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.62
AIM:BLV Share Price * AIM (2019-06-17) in GBP £1.15
United Kingdom of Great Britain and Northern Ireland Real Estate Industry PB Ratio Median Figure of 36 Publicly-Listed Real Estate Companies 0.98x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.48x
AIM:BLV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:BLV Share Price ÷ Book Value per Share (both in GBP)

= 1.15 ÷ 0.62

1.85x

* Primary Listing of Belvoir Lettings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belvoir Lettings is overvalued based on assets compared to the GB Real Estate industry average.
X
Value checks
We assess Belvoir Lettings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Belvoir Lettings has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BLV Future Performance

 How is Belvoir Lettings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Belvoir Lettings expected to grow at an attractive rate?
  • Belvoir Lettings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Belvoir Lettings's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Belvoir Lettings's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:BLV Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:BLV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 4.9%
AIM:BLV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14.4%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -3.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:BLV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:BLV Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 22 7 5 1
2020-12-31 21 7 5 1
2019-12-31 19 6 4 1
AIM:BLV Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 14 5 4
2018-09-30 13 4 4
2018-06-30 12 4 4
2018-03-31 12 4 3
2017-12-31 11 4 3
2017-09-30 11 3 3
2017-06-30 11 3 2
2017-03-31 10 3 2
2016-12-31 10 2 2
2016-09-30 9 2 2
2016-06-30 9 2 2
2016-03-31 8 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Belvoir Lettings's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Belvoir Lettings's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:BLV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Belvoir Lettings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:BLV Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.13 0.13 0.13 1.00
2020-12-31 0.13 0.13 0.13 1.00
2019-12-31 0.11 0.11 0.11 1.00
AIM:BLV Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.13
2018-09-30 0.12
2018-06-30 0.11
2018-03-31 0.10
2017-12-31 0.09
2017-09-30 0.08
2017-06-30 0.07
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 0.06
2016-06-30 0.07
2016-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Belvoir Lettings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Belvoir Lettings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Belvoir Lettings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BLV Past Performance

  How has Belvoir Lettings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Belvoir Lettings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Belvoir Lettings has delivered over 20% year on year earnings growth in the past 5 years.
  • Belvoir Lettings's 1-year earnings growth exceeds its 5-year average (47.7% vs 27.8%)
  • Belvoir Lettings's earnings growth has exceeded the GB Real Estate industry average in the past year (47.7% vs -1.6%).
Earnings and Revenue History
Belvoir Lettings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Belvoir Lettings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:BLV Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13.70 4.37 6.62
2018-09-30 12.98 4.18 6.58
2018-06-30 12.27 3.99 6.55
2018-03-31 11.78 3.48 6.54
2017-12-31 11.30 2.96 6.54
2017-09-30 11.05 2.69 6.40
2017-06-30 10.80 2.41 6.27
2017-03-31 10.37 2.12 6.27
2016-12-31 9.94 1.83 6.26
2016-09-30 9.25 1.88 5.87
2016-06-30 8.57 1.94 5.48
2016-03-31 7.76 1.83 4.94
2015-12-31 6.95 1.71 4.40
2015-09-30 6.11 1.52 4.16
2015-06-30 5.27 1.34 3.91
2015-03-31 5.57 1.34 4.14
2014-12-31 5.86 1.34 4.36
2014-09-30 6.24 1.32 5.52
2014-06-30 6.62 1.29 6.68
2014-03-31 6.23 1.26 5.42
2013-12-31 5.84 1.24 4.15
2013-09-30 5.27 1.27 2.11
2013-06-30 4.69 1.30 0.08
2013-03-31 4.37 1.24 0.08
2012-12-31 4.05 1.18 0.08
2012-09-30 3.83 0.95 -0.31
2012-06-30 3.61 0.71 -0.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Belvoir Lettings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Belvoir Lettings used its assets more efficiently than the GB Real Estate industry average last year based on Return on Assets.
  • Belvoir Lettings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Belvoir Lettings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Belvoir Lettings has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BLV Health

 How is Belvoir Lettings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Belvoir Lettings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Belvoir Lettings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Belvoir Lettings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Belvoir Lettings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Belvoir Lettings Company Filings, last reported 5 months ago.

AIM:BLV Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21.59 11.38 1.80
2018-09-30 21.59 11.38 1.80
2018-06-30 20.74 6.20 2.39
2018-03-31 20.74 6.20 2.39
2017-12-31 19.44 6.44 1.35
2017-09-30 19.44 6.44 1.35
2017-06-30 18.51 6.80 2.13
2017-03-31 18.51 6.80 2.13
2016-12-31 17.33 6.96 1.59
2016-09-30 17.33 6.96 1.59
2016-06-30 17.45 7.01 1.25
2016-03-31 17.45 7.01 1.25
2015-12-31 14.42 1.00 2.68
2015-09-30 14.42 1.00 2.68
2015-06-30 6.78 1.25 1.12
2015-03-31 6.78 1.25 1.12
2014-12-31 6.99 1.52 1.49
2014-09-30 6.99 1.52 1.49
2014-06-30 7.04 1.50 2.23
2014-03-31 7.04 1.50 2.23
2013-12-31 7.25 2.23 5.05
2013-09-30 7.25 2.23 5.05
2013-06-30 2.27 3.46 1.74
2013-03-31 2.27 3.46 1.74
2012-12-31 2.31 1.25 1.84
2012-09-30 2.31 1.25 1.84
2012-06-30 1.56 1.48 3.21
  • Belvoir Lettings's level of debt (52.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.6% vs 52.7% today).
  • Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
  • Belvoir Lettings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Belvoir Lettings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Belvoir Lettings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BLV Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.29%
Current annual income from Belvoir Lettings dividends. Estimated to be 6.67% next year.
If you bought £2,000 of Belvoir Lettings shares you are expected to receive £126 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Belvoir Lettings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Belvoir Lettings's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:BLV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:BLV Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.08 1.00
2020-12-31 0.08 1.00
2019-12-31 0.07 1.00
AIM:BLV Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.072 6.266
2019-04-02 0.072 7.024
2018-04-24 0.070 6.990
2018-04-10 0.070 6.688
2017-09-05 0.068 6.668
2017-07-17 0.068 6.420
2017-04-25 0.068 6.554
2017-04-04 0.068 6.686
2016-09-05 0.068 5.914
2016-04-21 0.068 5.447
2016-04-04 0.068 6.076
2015-09-09 0.068 6.179
2015-04-15 0.068 5.453
2014-09-10 0.068 5.509
2014-07-15 0.068 5.364
2014-03-26 0.068 5.322
2013-09-05 0.068 3.914
2013-07-15 0.068 4.227
2013-03-26 0.058 4.087
2012-09-05 0.058 4.967

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Belvoir Lettings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Belvoir Lettings only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Belvoir Lettings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Belvoir Lettings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Belvoir Lettings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Belvoir Lettings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLV Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dorian Gonsalves
COMPENSATION £302,000
AGE 43
TENURE AS CEO 8.9 years
CEO Bio

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 of Belvoir Property Management (U.K.) Limited. Mr. Gonsalves has been an Executive Director of Belvoir Lettings Plc since April 2005. He served as Managing Director of Belvoir Lettings Plc since April 22, 2016. He served as Director of Commercial & Franchising at Belvoir Lettings Plc since March 21, 2014 until April 22, 2016 and served as its Chief Executive Officer from July 2010 to March 21, 2014. He has been with Belvoir since 2005 and has over a decade’s experience in the property industry. He joined Countrywide as an Estate Agent in 1998 and rose rapidly to become an Executive Branch Manager. He joined Belvoir as a Business Development Manager and rose quickly through the ranks to Head of Sales, Director of Operations and subsequently to Chief Executive Officer in July 2010. His key skills include people management, business development and he has a deep understanding of the lettings market and successful franchising.

CEO Compensation
  • Insufficient data for Dorian to compare compensation growth.
  • Dorian's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Belvoir Lettings management team in years:

7.1
Average Tenure
51
Average Age
  • The average tenure for the Belvoir Lettings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dorian Gonsalves

TITLE
CEO & Executive Director
COMPENSATION
£302K
AGE
43
TENURE
8.9 yrs

Louise George

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£252K
AGE
51
TENURE
3.2 yrs

Mark Newton

TITLE
Executive Director
COMPENSATION
£121K
AGE
62

Stephanie Goddard

TITLE
TENURE
24.4 yrs

Cheryl Watts

TITLE
Compliance Director
TENURE
5.3 yrs

Andy Smith

TITLE
Head of Franchise Recruitment

Phil Gee

TITLE
Managing Director of Northwood GB Limited

Michelle Brook

TITLE
Managing Director of Brook Financial Services Limited
Board of Directors Tenure

Average tenure and age of the Belvoir Lettings board of directors in years:

4.1
Average Tenure
56.5
Average Age
  • The tenure for the Belvoir Lettings board of directors is about average.
Board of Directors

Michael Stoop

TITLE
Non-Executive Chairman
COMPENSATION
£23K
AGE
62
TENURE
0.1 yrs

Dorian Gonsalves

TITLE
CEO & Executive Director
COMPENSATION
£302K
AGE
43
TENURE
14.2 yrs

Louise George

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£252K
AGE
51
TENURE
5 yrs

Mark Newton

TITLE
Executive Director
COMPENSATION
£121K
AGE
62
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
03. Dec 18 Buy Paul George Individual 30. Nov 18 30. Nov 18 10,000 £0.90 £9,000
03. Dec 18 Buy Michael Stoop Individual 30. Nov 18 30. Nov 18 10,000 £0.93 £9,300
X
Management checks
We assess Belvoir Lettings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Belvoir Lettings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BLV News

Simply Wall St News

Belvoir Lettings plc (LON:BLV): Earnings Growth Remains Elusive

Based on Belvoir Lettings plc's (LON:BLV) earnings update in December 2018, analyst forecasts seem bearish, with earnings expected to decline by 8.6% in the upcoming year compared with the past 5-year average growth rate of 28%. … Check out our latest analysis for Belvoir Lettings Can we expect Belvoir Lettings to keep growing? … AIM:BLV Past and Future Earnings, June 3rd 2019 From the current net income level of UK£4.4m and the final forecast of UK£4.9m by 2022, the annual rate of growth for BLV’s earnings is 4.9%.

Simply Wall St -

Is Belvoir Lettings plc (LON:BLV) A Smart Choice For Dividend Investors?

Today we'll take a closer look at Belvoir Lettings plc (LON:BLV) from a dividend investor's perspective. … Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful.

Simply Wall St -

Belvoir Lettings plc (LON:BLV): What's The Analyst Consensus Outlook?

The latest earnings announcement Belvoir Lettings plc (LON:BLV) released in December 2018a … indicated

Simply Wall St -

Read This Before You Buy Belvoir Lettings plc (LON:BLV) Because Of Its P/E Ratio

We'll look at Belvoir Lettings plc's (LON:BLV) P/E ratio and reflect on what it tells us about the company's share price. … Belvoir Lettings has a P/E ratio of 8.2, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Belvoir Lettings plc (LON:BLV) Delivered A Better ROE Than Its Industry

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every £1 worth of shareholders' equity, it generated £0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Belvoir Lettings plc (LON:BLV) Has Attractive Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Belvoir Lettings plc (LON:BLV) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is Belvoir Lettings plc (LON:BLV) Excessively Paying Its CEO?

In 2014 Mike Goddard was appointed CEO of Belvoir Lettings plc (LON:BLV). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mike Goddard's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Does Belvoir Lettings plc (LON:BLV) Fare As A Dividend Stock?

Historically, Belvoir Lettings plc (LON:BLV) has paid a dividend to shareholders. … Does Belvoir Lettings tick all the boxes of a great dividend stock? … See our latest analysis for Belvoir Lettings

Simply Wall St -

What does Belvoir Lettings plc's (LON:BLV) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Belvoir Lettings plc (LON:BLV) with its market cap of UK£32m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Be Excited About Belvoir Lettings plc's (LON:BLV) 19% Return On Equity?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every £1 worth of shareholders' equity, it generated £0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

BLV Company Info

Description

Belvoir Lettings plc, together with its subsidiaries, engages in selling, supporting, and training residential property franchises in the United Kingdom. The company operates the franchised network of high street residential lettings and as estate agents with approximately 300 outlets primarily under the Newton Fallowell, Goodchilds, and Northwood brands. It also provides mortgage, insurance, and other financial services. The company also manages 58,020 properties. Belvoir Lettings plc was founded in 1994 and is based in Grantham, the United Kingdom.

Details
Name: Belvoir Lettings plc
BLV
Exchange: AIM
Founded: 1994
£40,004,703
34,938,606
Website: http://www.belvoirlettingsplc.com
Address: Belvoir Lettings plc
The Old Courthouse,
60A London Road,
Grantham,
Lincolnshire, NG31 6HR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM BLV Ordinary Shares London Stock Exchange AIM Market GB GBP 21. Feb 2012
Number of employees
Current staff
Staff numbers
107
Belvoir Lettings employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 22:01
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.