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Third Point Offshore Investors

OTCPK:TPNT.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TPNT.F
OTCPK
$723M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Third Point Offshore Investors Limited is a close ended feeder fund launched and managed by Third Point LLC. The last earnings update was 201 days ago. More info.


Add to Portfolio Compare Print
  • Third Point Offshore Investors is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TPNT.F Share Price and Events
7 Day Returns
1.4%
OTCPK:TPNT.F
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
-
OTCPK:TPNT.F
-12.6%
US Capital Markets
1.9%
US Market
TPNT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Third Point Offshore Investors (TPNT.F) 1.4% 1.8% 2.9% - 10.3% -12.4%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • No trading data on TPNT.F.
  • No trading data on TPNT.F.

TPNT.F Value

 Is Third Point Offshore Investors 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 Third Point Offshore Investors 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Third Point Offshore Investors.

OTCPK:TPNT.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
= $18.32 * 4.8%
$0.88
Book Value of Equity per Share Median Book Value from the past 5 years. $18.32
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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:TPNT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (0%))
0.816
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.816 * 5.96%)
7.6%

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

The calculations below outline how an intrinsic value for Third Point Offshore Investors 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:TPNT.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.8% – 7.6%) * $18.32)
$-0.52
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.52 / (7.6% - 2.73%)
$-10.61
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $18.32 + $-10.61
$7.71
OTCPK:TPNT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TPNT.F represents 0.99505x of LSE:TPOU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99505x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.71 x 0.99505
$7.67
Value per share (USD) From above. $7.67
Current discount Discount to share price of $14.50
= -1 x ($14.50 - $7.67) / $7.67
-89%

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

  • The current share price of Third Point Offshore Investors is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Third Point Offshore Investors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Third Point Offshore Investors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TPNT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $1.54
LSE:TPOU Share Price ** LSE (2019-03-14) in USD $14.57
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of Third Point Offshore Investors.

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

= LSE:TPOU Share Price ÷ EPS (both in USD)

= 14.57 ÷ 1.54

9.43x

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

  • Third Point Offshore Investors is good value based on earnings compared to the US Capital Markets industry average.
  • Third Point Offshore Investors is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Third Point Offshore Investors's expected growth come at a high price?
Raw Data
OTCPK:TPNT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.43x
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 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*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 Third Point Offshore Investors, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Third Point Offshore Investors's assets?
Raw Data
OTCPK:TPNT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $19.73
LSE:TPOU Share Price * LSE (2019-03-14) in USD $14.57
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:TPNT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TPOU Share Price ÷ Book Value per Share (both in USD)

= 14.57 ÷ 19.73

0.74x

* Primary Listing of Third Point Offshore Investors.

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

  • Third Point Offshore Investors is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Third Point Offshore Investors'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. Third Point Offshore Investors 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.

TPNT.F Future Performance

 How is Third Point Offshore Investors 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 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 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
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Third Point Offshore Investors expected to grow at an attractive rate?
  • Unable to compare Third Point Offshore Investors's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Third Point Offshore Investors's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Third Point Offshore Investors's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:TPNT.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 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:TPNT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TPNT.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:TPNT.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 129 41 77
2018-03-31 186 38 124
2017-12-31 243 35 171
2017-09-30 216 35 152
2017-06-30 189 35 134
2017-03-31 131 18 89
2016-12-31 74 0 43
2016-09-30 13 0 -9
2016-06-30 -47 0 -61
2016-03-31 -24 23 -43
2015-12-31 0 45 -25
2015-09-30 31 45 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Third Point Offshore Investors is high growth as no earnings estimate data is available.
  • Unable to determine if Third Point Offshore Investors 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:TPNT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Third Point Offshore Investors Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TPNT.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:TPNT.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 1.54
2018-03-31 2.49
2017-12-31 3.45
2017-09-30 3.08
2017-06-30 2.70
2017-03-31 1.79
2016-12-31 0.87
2016-09-30 -0.18
2016-06-30 -1.23
2016-03-31 -0.87
2015-12-31 -0.50
2015-09-30 0.14

*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 Third Point Offshore Investors will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Third Point Offshore Investors'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.
Third Point Offshore Investors 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.

TPNT.F Past Performance

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

  • Third Point Offshore Investors's last earnings update was 201 days ago.
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 Third Point Offshore Investors'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.
  • Third Point Offshore Investors's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Third Point Offshore Investors's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Third Point Offshore Investors's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Third Point Offshore Investors'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 Third Point Offshore Investors Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TPNT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 128.54 76.65 48.86
2018-03-31 185.77 123.64 58.86
2017-12-31 243.00 170.62 68.85
2017-09-30 216.22 152.26 60.57
2017-06-30 189.44 133.90 52.30
2017-03-31 131.49 88.59 40.09
2016-12-31 73.55 43.28 27.88
2016-09-30 13.10 -8.91 19.68
2016-06-30 -47.35 -61.09 11.48
2016-03-31 -23.73 -42.95 16.57
2015-12-31 -0.10 -24.80 21.66
2015-09-30 31.13 6.96 27.66
2015-06-30 62.37 38.72 33.66
2015-03-31 75.95 45.31 35.24
2014-12-31 89.53 51.91 36.82
2014-09-30 162.97 107.18 49.10
2014-06-30 236.41 162.45 61.38
2014-03-31 251.37 182.12 64.64
2013-12-31 266.33 201.80 67.90
2013-09-30 262.56 205.21 60.44
2013-06-30 258.78 208.63 52.98
2013-03-31 213.09 171.17 42.77
2012-12-31 167.40 133.70 32.57
2012-09-30 81.53 53.61 24.49
2012-06-30 -4.33 -26.49 16.40
2012-03-31 10.22 -13.15 17.87

*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.
  • Third Point Offshore Investors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Third Point Offshore Investors used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Third Point Offshore Investors has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Third Point Offshore Investors'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.
Third Point Offshore Investors 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.

TPNT.F Health

 How is Third Point Offshore Investors'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 Third Point Offshore Investors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Third Point Offshore Investors's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Third Point Offshore Investors has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Third Point Offshore Investors'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.
  • Third Point Offshore Investors has no debt, it does not need to be covered by short term assets.
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 Third Point Offshore Investors Company Filings, last reported 8 months ago.

OTCPK:TPNT.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 979.02 0.00 0.15
2018-03-31 979.02 0.00 0.15
2017-12-31 1,014.39 0.00 0.02
2017-09-30 1,014.39 0.00 0.02
2017-06-30 943.00 0.00 0.09
2017-03-31 943.00 0.00 0.09
2016-12-31 879.19 0.00 0.09
2016-09-30 879.19 0.00 0.09
2016-06-30 844.51 0.00 0.07
2016-03-31 844.51 0.00 0.07
2015-12-31 835.91 0.00 0.10
2015-09-30 835.91 0.00 0.10
2015-06-30 905.61 0.00 0.06
2015-03-31 905.61 0.00 0.06
2014-12-31 860.71 0.00 0.09
2014-09-30 860.71 0.00 0.09
2014-06-30 912.24 0.00 0.05
2014-03-31 912.24 0.00 0.05
2013-12-31 854.15 0.00 0.10
2013-09-30 854.15 0.00 0.10
2013-06-30 792.30 0.00 0.05
2013-03-31 792.30 0.00 0.05
2012-12-31 694.86 0.00 0.19
2012-09-30 694.86 0.00 0.19
2012-06-30 613.66 0.00 0.06
2012-03-31 613.66 0.00 0.06
  • Third Point Offshore Investors has no debt.
  • Third Point Offshore Investors has not taken on any debt in the past 5 years.
  • Third Point Offshore Investors has no debt, it does not need to be covered by operating cash flow.
  • Third Point Offshore Investors has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Third Point Offshore Investors'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. Third Point Offshore Investors has a total score of 5/6, 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.

TPNT.F Dividends

 What is Third Point Offshore Investors'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
5.56%
Current annual income from Third Point Offshore Investors dividends.
If you bought $2,000 of Third Point Offshore Investors shares you are expected to receive $111 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?
  • Third Point Offshore Investors's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Third Point Offshore Investors's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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:TPNT.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 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:TPNT.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
OTCPK:TPNT.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-27 0.810 5.360
2018-01-05 0.008 0.048
2017-01-10 0.710 4.539
2016-08-23 0.000 0.000
2016-04-19 0.000 0.000
2014-12-18 0.900 5.716
2014-04-17 0.840 4.864
2014-04-16 0.840 5.071

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

  • Third Point Offshore Investors has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Third Point Offshore Investors has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Third Point Offshore Investors's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 Third Point Offshore Investors'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 Third Point Offshore Investors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Third Point Offshore Investors has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TPNT.F Management

 What is the CEO of Third Point Offshore Investors'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.
  • Third Point Offshore Investors has no CEO, or we have no data on them.
Management Team

Josh Targoff

TITLE
COO - Third Point LLC
AGE
49
TENURE
9.8 yrs
Board of Directors Tenure

Average tenure and age of the Third Point Offshore Investors board of directors in years:

11.8
Average Tenure
62
Average Age
  • The average tenure for the Third Point Offshore Investors board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Marc Autheman

TITLE
Non-Executive Chairman
COMPENSATION
$55K
AGE
62
TENURE
11.8 yrs

Josh Targoff

TITLE
COO - Third Point LLC
AGE
49
TENURE
9.8 yrs

Chris Legge

TITLE
Independent Non-Executive Director
COMPENSATION
$40K
AGE
62
TENURE
11.8 yrs

Chris Fish

TITLE
Independent Non-Executive Director
COMPENSATION
$33K
AGE
73
TENURE
11.8 yrs

Keith Dorrian

TITLE
Independent Non-Executive Director
COMPENSATION
$33K
AGE
72
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Third Point Offshore Investors'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. Third Point Offshore Investors 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.

TPNT.F News

Simply Wall St News

TPNT.F Company Info

Description

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.

Details
Name: Third Point Offshore Investors Limited
TPNT.F
Exchange: OTCPK
Founded: 2007
$723,359,013
49,630,121
Website: http://www.thirdpointpublic.com
Address: Third Point Offshore Investors Limited
390 Park Avenue,
19th Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TPOU USD Ordinary Shares London Stock Exchange GB USD 20. Jul 2007
OTCPK TPNT.F USD Ordinary Shares Pink Sheets LLC US USD 20. Jul 2007
LSE TPOS USD Ordinary Shares London Stock Exchange GB GBP 20. Jul 2007
BATS-CHIXE TPOUL USD Ordinary Shares BATS 'Chi-X Europe' GB USD 20. Jul 2007
Number of employees
Current staff
Staff numbers
0
Third Point Offshore Investors employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:07
End of day share price update: 2019/03/14 00:00
Last estimates confirmation: 2018/04/27
Last earnings filing: 2018/08/30
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.