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Temple Bar Investment Trust

OTCPK:TEPB.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEPB.F
OTCPK
£819M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Temple Bar Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Investec Fund Managers Ltd. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print Invest
  • Temple Bar Investment Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TEPB.F Share Price and Events
Price Volatility
TEPB.F
Industry
5yr Volatility vs Market

Value

 Is Temple Bar Investment Trust 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 Temple Bar Investment Trust 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 Temple Bar Investment Trust.

OTCPK:TEPB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £13.16 * 9.3%
£1.22
Book Value of Equity per Share Median Book Value from the past 5 years. £13.16
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 OTCPK:TEPB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.774 (1 + (1- 19%) (13.92%))
0.862
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.862 * 7.05%)
9.02%

Discounted Cash Flow Calculation for OTCPK:TEPB.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Temple Bar Investment Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:TEPB.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 9.02%) * £13.16)
£0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.04 / (9.02% - 2.95%)
£0.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £13.16 + £0.58
£13.74
OTCPK:TEPB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TEPB.F represents 1.40805x of LSE:TMPL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.40805x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 13.74 x 1.40805
$19.34
Value per share (USD) From above. $19.34
Current discount Discount to share price of $17.15
= -1 x ($17.15 - $19.34) / $19.34
11.3%

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

Current Discount
Amount off the current price Temple Bar Investment Trust is available for.
Intrinsic value
11%
Share price is $17.15 vs Future cash flow value of $19.34
Current Discount Checks
For Temple Bar Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Temple Bar Investment Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Temple Bar Investment Trust's share price is below the future cash flow value, but not 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 Temple Bar Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Temple Bar Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TEPB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £1.22
LSE:TMPL Share Price ** LSE (2018-07-11) in GBP £12.18
United States of America Capital Markets Industry PE Ratio Median Figure of 71 Publicly-Listed Capital Markets Companies 23.97x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 20.07x

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

** Primary Listing of Temple Bar Investment Trust.

OTCPK:TEPB.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TMPL Share Price ÷ EPS (both in GBP)

= 12.18 ÷ 1.22

9.96x

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

  • Temple Bar Investment Trust is good value based on earnings compared to the US Capital Markets industry average.
  • Temple Bar Investment Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Temple Bar Investment Trust's expected growth come at a high price?
Raw Data
OTCPK:TEPB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 1.8x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Temple Bar Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Temple Bar Investment Trust's assets?
Raw Data
OTCPK:TEPB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £14.17
LSE:TMPL Share Price * LSE (2018-07-11) in GBP £12.18
United States of America Capital Markets Industry PB Ratio Median Figure of 146 Publicly-Listed Capital Markets Companies 4.58x
United States of America Market PB Ratio Median Figure of 5,285 Publicly-Listed Companies 1.96x
OTCPK:TEPB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TMPL Share Price ÷ Book Value per Share (both in GBP)

= 12.18 ÷ 14.17

0.86x

* Primary Listing of Temple Bar Investment Trust.

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

  • Temple Bar Investment Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Temple Bar Investment Trust'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Temple Bar Investment Trust has a total score of 3/6, 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.

Future Performance

 How is Temple Bar Investment Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Temple Bar Investment 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Temple Bar Investment Trust expected to grow at an attractive rate?
  • Unable to compare Temple Bar Investment Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Temple Bar Investment Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Temple Bar Investment Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:TEPB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 16%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.6%

*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
OTCPK:TEPB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TEPB.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 94 26 82
2018-03-31 95 28 83
2017-12-31 96 29 84
2017-09-30 131 37 119
2017-06-30 166 46 154
2017-03-31 164 42 152
2016-12-31 163 38 151
2016-09-30 79 20 67
2016-06-30 -6 2 -17
2016-03-31 -3 7 -15
2015-12-31 -0 13 -12
2015-09-30 15 18 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Temple Bar Investment Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Temple Bar Investment Trust is high growth as no revenue estimate data is available.
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
OTCPK:TEPB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Temple Bar Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TEPB.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 1.22
2018-03-31 1.24
2017-12-31 1.26
2017-09-30 1.78
2017-06-30 2.30
2017-03-31 2.28
2016-12-31 2.26
2016-09-30 0.99
2016-06-30 -0.25
2016-03-31 -0.22
2015-12-31 -0.18
2015-09-30 0.06

*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.
  • Unable to establish if Temple Bar Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Temple Bar Investment Trust'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Temple Bar Investment Trust has a total score of 0/6, 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.

Past Performance

  How has Temple Bar Investment Trust 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 Temple Bar Investment Trust's growth in the last year to its industry (Capital Markets).
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.
  • Temple Bar Investment Trust's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Temple Bar Investment Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Temple Bar Investment Trust's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Temple Bar Investment Trust'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 Temple Bar Investment Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TEPB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 93.59 81.77 5.75
2018-03-31 94.92 82.86 5.53
2017-12-31 96.25 83.95 5.32
2017-09-30 131.17 118.96 5.26
2017-06-30 166.10 153.98 5.21
2017-03-31 164.48 152.49 5.13
2016-12-31 162.87 151.00 5.04
2016-09-30 78.61 66.88 5.00
2016-06-30 -5.64 -17.25 4.96
2016-03-31 -3.00 -14.73 5.09
2015-12-31 -0.36 -12.21 5.22
2015-09-30 15.43 3.70 5.09
2015-06-30 31.22 19.62 4.96
2015-03-31 15.81 4.29 4.88
2014-12-31 0.41 -11.03 4.80
2014-09-30 47.01 35.66 4.89
2014-06-30 93.61 82.36 4.98
2014-03-31 142.21 131.67 4.78
2013-12-31 190.81 180.98 4.58
2013-09-30 191.22 170.08 4.29
2013-06-30 191.63 159.19 4.00
2013-03-31 146.12 125.98 3.63
2012-12-31 100.61 92.78 3.25
2012-09-30 47.09 51.49 2.96
2012-06-30 -6.42 10.21 2.67
2012-03-31 -0.24 4.22 2.90
2011-12-31 5.94 -1.77 3.14

*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.
  • Temple Bar Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Temple Bar Investment Trust used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Temple Bar Investment Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Temple Bar Investment Trust'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 Capital Markets 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.
Temple Bar Investment Trust has a total score of 2/6, 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.

Health

 How is Temple Bar Investment Trust'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 Temple Bar Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Temple Bar Investment Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Temple Bar Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Temple Bar Investment Trust'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 0.1x 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 Temple Bar Investment Trust Company Filings, last reported 3 months ago.

OTCPK:TEPB.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 947.45 113.90 9.83
2018-03-31 947.45 113.90 9.83
2017-12-31 936.37 113.92 12.16
2017-09-30 936.37 113.92 12.16
2017-06-30 894.31 113.85 18.11
2017-03-31 894.31 113.85 18.11
2016-12-31 879.94 113.85 17.34
2016-09-30 879.94 113.85 17.34
2016-06-30 767.53 113.80 6.30
2016-03-31 767.53 113.80 6.30
2015-12-31 755.76 113.78 12.26
2015-09-30 755.76 113.78 12.26
2015-06-30 811.38 113.73 37.77
2015-03-31 811.38 113.73 37.77
2014-12-31 799.44 113.75 37.23
2014-09-30 799.44 113.75 37.23
2014-06-30 797.48 113.70 27.78
2014-03-31 797.48 113.70 27.78
2013-12-31 792.07 113.71 14.14
2013-09-30 792.07 113.71 14.14
2013-06-30 695.44 63.46 44.43
2013-03-31 695.44 63.46 44.43
2012-12-31 601.19 63.46 28.06
2012-09-30 601.19 63.46 28.06
2012-06-30 548.66 63.43 6.44
2012-03-31 548.66 63.43 6.44
2011-12-31 522.04 63.44 3.88
  • Temple Bar Investment Trust's level of debt (12%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.2% vs 12% today).
  • Debt is well covered by operating cash flow (23%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.8x coverage).
X
Financial health checks
We assess Temple Bar Investment Trust'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. Temple Bar Investment Trust has a total score of 4/6, 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.

Dividends

 What is Temple Bar Investment Trust'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
3.49%
Current annual income from Temple Bar Investment Trust dividends.
If you bought $2,000 of Temple Bar Investment Trust shares you are expected to receive $70 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?
  • Temple Bar Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.32%).
  • Temple Bar Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.44%).
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
OTCPK:TEPB.F 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 45 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2037 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.3%
United States of America Top 25% Dividend Yield 75th Percentile 3.4%

Industry and Market average data is calculated daily.

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

OTCPK:TEPB.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-03-01 0.425 3.315
2018-02-20 0.425 3.359
2017-03-27 0.405 3.147
2016-03-03 0.397 3.550
2016-02-23 0.397 3.991
2015-05-20 0.317 2.928
2015-02-24 0.389 3.283
2014-02-12 0.378 3.107
2013-03-19 0.367 3.085
2012-07-24 0.359 3.583
2012-03-05 0.352 3.882
2012-02-22 0.352 3.752
2011-07-26 0.245 2.855
2011-02-23 0.342 3.763
2010-03-01 0.335 4.131
2010-02-23 0.335 4.347
2009-02-17 0.328 5.009
2008-12-31 0.328 5.701
2008-10-09 0.310 5.646

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Temple Bar Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Temple Bar Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Temple Bar Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Temple Bar Investment Trust 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.

Management

 What is the CEO of Temple Bar Investment Trust'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.
  • Temple Bar Investment Trust has no CEO, or we have no data on them.
Management Team

Jo Slater

TITLE
Executive Officer

Martin Slade

TITLE
Secretary of Investec Asset Management Limited

Alastair Mundy

TITLE
Portfolio Manager
AGE
52

David Lynch

TITLE
Portfolio Manager

Peter Lowery

TITLE
Executive Officer

Mark Jones

TITLE
Executive Officer

Celia Duncan

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Temple Bar Investment Trust board of directors in years:

11.6
Average Tenure
73
Average Age
  • The average tenure for the Temple Bar Investment Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Reeve

TITLE
Chairman
COMPENSATION
£32K
AGE
73

Richard Jewson

TITLE
Senior Independent Director
COMPENSATION
£24K
AGE
73

Martin Riley

TITLE
Independent Non Executive Director
COMPENSATION
£22K
AGE
74
TENURE
14.1 yrs

June Moller

TITLE
Director
COMPENSATION
£22K
AGE
71
TENURE
13.4 yrs

David Webster

TITLE
Director
COMPENSATION
£22K
AGE
73
TENURE
9.8 yrs

Arthur Copple

TITLE
Non-Executive Director
COMPENSATION
£22K
AGE
63
TENURE
7.7 yrs

Lesley Sherratt

TITLE
Director

Richard E. Wyatt

TITLE
Director
AGE
58
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
10. May 18 Buy John Reeve Individual 10. May 18 10. May 18 72 $1,289.81
12. Dec 17 Buy John Reeve Individual 12. Dec 17 12. Dec 17 75 $1,291.90
X
Management checks
We assess Temple Bar Investment Trust'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. Temple Bar Investment Trust 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.

News

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Company Info

Map
Description

Temple Bar Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Investec Fund Managers Ltd. It is co-managed by Investec Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of companies across all market capitalizations, which are constituents of the FTSE 350 Index. It benchmarks the performance of its portfolio against the FTSE All-Share Index. Temple Bar Investment Trust PLC was formed in 1926 and is domiciled in the United Kingdom.

Details
Name: Temple Bar Investment Trust PLC
TEPB.F
Exchange: OTCPK
Founded: 1926
£1,068,469,778
66,872,765
Website: http://www.templebarinvestments.co.uk
Address: Temple Bar Investment Trust PLC
Woolgate Exchange,
25 Basinghall Street,
London,
Greater London, EC2V 5HA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TMPL Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK TEPB.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
BATS-CHIXE TMPLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Temple Bar Investment Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/08 21:33
End of day share price update: 2018/07/11 00:00
Last earnings filing: 2018/08/02
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.