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BCPT

BMO Commercial Property Trust LSE:BCPT Stock Report

Last Price

UK£1.20

Market Cap

UK£882.0m

7D

0.5%

1Y

50.6%

Updated

24 May, 2022

Data

Company Financials +
BCPT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

BCPT Stock Overview

The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property.

BMO Commercial Property Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BMO Commercial Property Trust
Historical stock prices
Current Share PriceUK£1.20
52 Week HighUK£1.24
52 Week LowUK£0.80
Beta0.86
1 Month Change4.70%
3 Month Change14.91%
1 Year Change50.63%
3 Year Change0.67%
5 Year Change-18.62%
Change since IPO12.34%

Recent News & Updates

Shareholder Returns

BCPTGB REITsGB Market
7D0.5%0.8%-0.4%
1Y50.6%2.7%-3.0%

Return vs Industry: BCPT exceeded the UK REITs industry which returned 2.3% over the past year.

Return vs Market: BCPT exceeded the UK Market which returned -2.7% over the past year.

Price Volatility

Is BCPT's price volatile compared to industry and market?
BCPT volatility
BCPT Average Weekly Movement3.1%
REITs Industry Average Movement3.4%
Market Average Movement6.0%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.1%

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

Volatility Over Time: BCPT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aRichard Wilsonhttps://www.bmogam.com/commercial-property-trust/

The trust is a vehicle for investors who wish to gain exposure to prime UK commercial property. It is a constituent of the FTSE 250 Index and aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified UK commercial property portfolio.

BMO Commercial Property Trust Fundamentals Summary

How do BMO Commercial Property Trust's earnings and revenue compare to its market cap?
BCPT fundamental statistics
Market CapUK£881.96m
Earnings (TTM)UK£156.02m
Revenue (TTM)UK£55.84m

5.6x

P/E Ratio

15.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCPT income statement (TTM)
RevenueUK£55.84m
Cost of RevenueUK£7.20m
Gross ProfitUK£48.65m
Other Expenses-UK£107.37m
EarningsUK£156.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin87.12%
Net Profit Margin279.40%
Debt/Equity Ratio30.3%

How did BCPT perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

95%

Payout Ratio

Valuation

Is BMO Commercial Property Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BCPT (£1.2) is trading below our estimate of fair value (£1.28)

Significantly Below Fair Value: BCPT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BCPT is good value based on its Price-To-Earnings Ratio (5.6x) compared to the UK REITs industry average (9.5x).

PE vs Market: BCPT is good value based on its Price-To-Earnings Ratio (5.6x) compared to the UK market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BCPT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BCPT's Price-To-Book Ratio (0.9x) is in line with the GB REITs industry average.


Future Growth

How is BMO Commercial Property Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.5%

Forecasted Real Estate industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if BCPT's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if BCPT's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if BCPT's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if BCPT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BCPT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has BMO Commercial Property Trust performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-21.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCPT has a large one-off gain of £121.4M impacting its December 31 2021 financial results.

Growing Profit Margin: BCPT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BCPT's earnings have declined by 21.3% per year over the past 5 years.

Accelerating Growth: BCPT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BCPT has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (129.6%).


Return on Equity

High ROE: BCPT's Return on Equity (15.3%) is considered low.


Financial Health

How is BMO Commercial Property Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BCPT's short term assets (£146.9M) exceed its short term liabilities (£18.6M).

Long Term Liabilities: BCPT's short term assets (£146.9M) do not cover its long term liabilities (£311.1M).


Debt to Equity History and Analysis

Debt Level: BCPT's net debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: BCPT's debt to equity ratio has increased from 28.4% to 30.3% over the past 5 years.

Debt Coverage: BCPT's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: BCPT's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

What is BMO Commercial Property Trust current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BCPT's dividend (3.99%) is higher than the bottom 25% of dividend payers in the UK market (1.78%).

High Dividend: BCPT's dividend (3.99%) is low compared to the top 25% of dividend payers in the UK market (4.85%).


Stability and Growth of Payments

Stable Dividend: BCPT's dividend payments have been volatile in the past 10 years.

Growing Dividend: BCPT's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (95.2%), BCPT's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (99.4%), BCPT's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Richard Wilson (55 yo)

no data

Tenure

Mr. Richard Charles Wilson, BA was a Director at BMO Asset Management Corp. Mr. Wilson serves as Non-Executive Director, Albion Venture Capital Trust PLC at Albion Capital Group LLP since joining the firm...


Board Members

Experienced Board: BCPT's board of directors are considered experienced (3.7 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BMO Commercial Property Trust Limited's employee growth, exchange listings and data sources


Key Information


Location

  • BMO Commercial Property Trust Limited
  • Trafalgar Court
  • Les Banques
  • Saint Peter Port
  • GY1 3QL
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.