BBOX Stock Overview
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders.
Tritax Big Box REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£2.04|
|52 Week High||UK£2.52|
|52 Week Low||UK£1.91|
|1 Month Change||-16.80%|
|3 Month Change||-11.23%|
|1 Year Change||6.47%|
|3 Year Change||34.30%|
|5 Year Change||41.57%|
|Change since IPO||102.99%|
Recent News & Updates
|BBOX||GB REITs||GB Market|
Return vs Industry: BBOX exceeded the UK REITs industry which returned 0.6% over the past year.
Return vs Market: BBOX exceeded the UK Market which returned -3.8% over the past year.
|BBOX Average Weekly Movement||4.8%|
|REITs Industry Average Movement||3.6%|
|Market Average Movement||6.1%|
|10% most volatile stocks in GB Market||11.7%|
|10% least volatile stocks in GB Market||3.1%|
Stable Share Price: BBOX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BBOX's weekly volatility (5%) has been stable over the past year.
About the Company
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.
Tritax Big Box REIT Fundamentals Summary
|BBOX fundamental statistics|
Is BBOX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BBOX income statement (TTM)|
|Cost of Revenue||UK£5.20m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 04, 2022
|Earnings per share (EPS)||0.52|
|Net Profit Margin||512.16%|
How did BBOX perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Tritax Big Box REIT undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BBOX (£2.04) is trading below our estimate of fair value (£2.92)
Significantly Below Fair Value: BBOX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BBOX is good value based on its PE Ratio (3.9x) compared to the UK REITs industry average (9.5x).
PE vs Market: BBOX is good value based on its PE Ratio (3.9x) compared to the UK market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: BBOX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BBOX's PB Ratio (0.9x) is in line with the GB REITs industry average.
How is Tritax Big Box REIT forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBOX's earnings are forecast to decline over the next 3 years (-17.9% per year).
Earnings vs Market: BBOX's earnings are forecast to decline over the next 3 years (-17.9% per year).
High Growth Earnings: BBOX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BBOX's revenue (9.3% per year) is forecast to grow faster than the UK market (4.1% per year).
High Growth Revenue: BBOX'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: BBOX's Return on Equity is forecast to be low in 3 years time (7.4%).
How has Tritax Big Box REIT performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BBOX has a large one-off gain of £835.8M impacting its December 31 2021 financial results.
Growing Profit Margin: BBOX's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: BBOX's earnings have grown significantly by 38% per year over the past 5 years.
Accelerating Growth: BBOX's earnings growth over the past year (116.4%) exceeds its 5-year average (38% per year).
Earnings vs Industry: BBOX earnings growth over the past year (116.4%) underperformed the REITs industry 129.6%.
Return on Equity
High ROE: BBOX's Return on Equity (23.9%) is considered high.
How is Tritax Big Box REIT's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BBOX's short term assets (£108.2M) do not cover its short term liabilities (£128.8M).
Long Term Liabilities: BBOX's short term assets (£108.2M) do not cover its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: BBOX's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: BBOX's debt to equity ratio has reduced from 37.7% to 33% over the past 5 years.
Debt Coverage: BBOX's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: BBOX's interest payments on its debt are well covered by EBIT (4.5x coverage).
What is Tritax Big Box REIT current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BBOX's dividend (3.28%) is higher than the bottom 25% of dividend payers in the UK market (1.78%).
High Dividend: BBOX's dividend (3.28%) is low compared to the top 25% of dividend payers in the UK market (4.85%).
Stability and Growth of Payments
Stable Dividend: BBOX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BBOX's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58.3%), BBOX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (63.9%), BBOX's dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Colin Godfrey, BSc (Hons), MRICS serves as CEO of Tritax Management LLP since March 2020. He serves as a Partner at Tritax Group. In 2004, Mr. Godfrey became a partner of the Tritax Group and is respon...
Experienced Board: BBOX's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BBOX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.7%.
Tritax Big Box REIT plc's employee growth, exchange listings and data sources
- Name: Tritax Big Box REIT plc
- Ticker: BBOX
- Exchange: LSE
- Founded: NaN
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: UK£3.812b
- Shares outstanding: 1.87b
- Website: https://tritaxbigbox.co.uk
- Tritax Big Box REIT plc
- 6 Duke Street
- 3rd Floor
- Greater London
- SW1Y 6BN
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|
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.