OTCPK:TPNT.F

Stock Analysis Report

Executive Summary

Third Point Offshore Investors Limited is a close ended feeder fund launched and managed by Third Point LLC.


Snowflake Analysis

Share Price & News

How has Third Point Offshore Investors's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.2%

TPNT.F

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

16.4%

TPNT.F

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: TPNT.F exceeded the US Capital Markets industry which returned 4.9% over the past year.

Return vs Market: TPNT.F exceeded the US Market which returned 5.2% over the past year.


Shareholder returns

TPNT.FIndustryMarket
7 Day-1.2%-8.6%-10.6%
30 Day-2.1%-7.9%-8.5%
90 Dayn/a-4.4%-4.6%
1 Year16.4%16.4%7.1%4.9%7.4%5.2%
3 Year11.3%11.3%25.5%18.4%31.7%23.2%
5 Year-0.9%-0.9%65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is Third Point Offshore Investors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Third Point Offshore Investors undervalued compared to its fair value and its price relative to the market?

0.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TPNT.F ($16.7) is trading above our estimate of fair value ($13.63)

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


Price To Earnings Ratio

PE vs Industry: TPNT.F is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: TPNT.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPNT.F is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (6.2x).

Future Growth

How is Third Point Offshore Investors forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

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 Third Point Offshore Investors 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 Third Point Offshore Investors performed over the past 5 years?

-17.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPNT.F is currently unprofitable.

Growing Profit Margin: TPNT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPNT.F is unprofitable, and losses have increased over the past 5 years at a rate of -17.2% per year.

Accelerating Growth: Unable to compare TPNT.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPNT.F is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.5%).


Return on Equity

High ROE: TPNT.F has a negative Return on Equity (-1.65%), as it is currently unprofitable.

Financial Health

How is Third Point Offshore Investors'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: TPNT.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TPNT.F's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TPNT.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: TPNT.F has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Third Point Offshore Investors's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TPNT.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TPNT.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TPNT.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPNT.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TPNT.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPNT.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

12.7yrs

Average board tenure


CEO

Third Point Offshore Investors has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Joshua Targoff
COO - Third Point LLC10.8yrsno datano data
Marc Autheman
Non-Executive Chairman12.7yrsUS$55.00kno data
Christopher Fish
Independent Non-Executive Director12.7yrsUS$33.00kno data
Christopher F. Legge
Independent Non-Executive Director12.7yrsUS$40.00kno data

12.7yrs

Average Tenure

63yo

Average Age

Experienced Board: TPNT.F's board of directors are seasoned and experienced ( 12.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Third Point Offshore Investors Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Third Point Offshore Investors Limited
  • Ticker: TPNT.F
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$643.139m
  • Shares outstanding: 38.74m
  • Website: https://www.thirdpointpublic.com

Location

  • Third Point Offshore Investors Limited
  • 390 Park Avenue
  • 19th Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPOULSE (London Stock Exchange)YesUSD Ordinary SharesGBUSDJul 2007
TPNT.FOTCPK (Pink Sheets LLC)YesUSD Ordinary SharesUSUSDJul 2007
TPOULBATS-CHIXE (BATS 'Chi-X Europe')YesUSD Ordinary SharesGBUSDJul 2007
TPOSLSE (London Stock Exchange)YesUSD Ordinary SharesGBGBPJul 2007

Biography

Third Point Offshore Investors Limited is a close ended feeder fund launched and managed by Third Point LLC. The fund invests its entire corpus in Third Point Offshore Fund Ltd. It seeks to benchmark the performance of its portfolio against the S&P 500 TR USD. The fund was formed on July 20, 2007 and is domiciled in Guernsey, Channel Islands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:55
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.