NYSE:VVR

Stock Analysis Report

Executive Summary

Invesco Senior Income Trust is a closed ended fixed income mutual fund launched by Invesco Ltd.


Snowflake Analysis

Share Price & News

How has Invesco Senior Income Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VVR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VVR

1.7%

US Capital Markets

1.5%

US Market


1 Year Return

5.4%

VVR

19.0%

US Capital Markets

20.1%

US Market

Return vs Industry: VVR underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: VVR underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

VVRIndustryMarket
7 Day0%1.7%1.5%
30 Day0.7%0.5%1.4%
90 Day3.6%8.6%8.7%
1 Year12.4%5.4%21.4%19.0%22.7%20.1%
3 Year11.1%-7.5%40.0%32.1%50.1%40.5%
5 Year29.4%-6.5%83.6%66.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Invesco Senior Income Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Invesco Senior Income Trust undervalued compared to its fair value and its price relative to the market?

42.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VVR ($4.32) is trading above our estimate of fair value ($2.69)

Significantly Below Fair Value: VVR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VVR is poor value based on its PE Ratio (42.9x) compared to the Capital Markets industry average (36x).

PE vs Market: VVR is poor value based on its PE Ratio (42.9x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VVR is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.7x).

Future Growth

How is Invesco Senior Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

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 Invesco Senior Income Trust 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 Invesco Senior Income Trust performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VVR has a large one-off loss of $30.5M impacting its August 31 2019 financial results.

Growing Profit Margin: VVR's current net profit margins (25.4%) are lower than last year (75%).


Past Earnings Growth Analysis

Earnings Trend: VVR's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: VVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VVR had negative earnings growth (-63.9%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).


Return on Equity

High ROE: VVR's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Invesco Senior Income Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: VVR's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: VVR's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if VVR has a sufficient allowance for bad loans.

Low Risk Liabilities: VVR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if VVR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: VVR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if VVR has an appropriate level of bad loans.

Dividend

What is Invesco Senior Income Trust's current dividend yield, its reliability and sustainability?

6.32%

Current Dividend Yield


Dividend Yield vs Market

company6.3%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: VVR's dividend (6.32%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: VVR's dividend (6.32%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: VVR's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (275%), VVR's dividend payments are not well covered by earnings.


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?

26.1yrs

Average board tenure


CEO

Colin Meadows (48yo)

0

Mr. Colin D. Meadows, J.D. has been Senior Managing Director of Invesco Ltd. since 2006 and serves as its Head of Private Markets and Global Institutional since 2015. In April 2014, his role further expand ...


Board Members

NamePositionTenureCompensationOwnership
Rodney Dammeyer
Independent Trustee0yrsUS$10.73kno data
Suzanne Woolsey
Independent Trustee17.1yrsUS$9.47kno data
Hugo Sonnenschein
Independent Trustee26.1yrsUS$9.14kno data
David Arch
Independent Trustee31.1yrsUS$9.47k0.00028% $2.2k
Wayne Whalen
Chairman0yrsUS$9.47kno data

26.1yrs

Average Tenure

79yo

Average Age

Experienced Board: VVR's board of directors are seasoned and experienced ( 26.1 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

Invesco Senior Income Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Invesco Senior Income Trust
  • Ticker: VVR
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$777.756m
  • Shares outstanding: 180.04m
  • Website: https://www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30607

Location

  • Invesco Senior Income Trust
  • Two Peachtree Pointe
  • 1555 Peachtree Street North East
  • Atlanta
  • Georgia
  • 30309
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VVRNYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 1998

Biography

Invesco Senior Income Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. It is co-managed by Invesco Advisers, Inc., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc., and Invesco Canada Ltd. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of interests in floating or variable rate senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographical regions. The fund typically employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. The fund was formerly known as Invesco Van Kampen Senior Income Trust and Van Kampen Senior Income Trust. Invesco Senior Income Trust was formed on June 23, 1998 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:51
End of Day Share Price2020/02/14 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.