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XLON
DVNO
Market cap26mUSD
Oct 08, Last price
78.00GBP
1D
1.30%
1Q
0.00%
IPO
-24.64%
Name
TOC Property Backed Lending Trust PLC
Chart & Performance
P/E
16.65
P/S
12.90
EPS
0.05
Div Yield, %
3.85%
Shrs. gr., 5y
-1.28%
Rev. gr., 5y
-11.98%
Revenues
2m
+79.98%
Net income
1m
+348.28%
CFO
1m
+5.81%
Dividend
Sep 12, 20241 GBP/sh
Profile
Develop North PLC provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. It also invests in financial assets comprising loans. The company makes investments primarily through senior secured loans; and other loans, such as bridging loans, subordinated loans, selected loan financings, and other debt instruments. The company was formerly known as TOC Property Backed Lending Trust Plc and changed its name to Develop North PLC in May 2022. Develop North PLC was incorporated in 2016 and is based in Chelmsford, the United Kingdom.
Valuation
Title GBP in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑11 | 2023‑11 | 2022‑11 | 2021‑11 | 2020‑11 | 2019‑11 | 2018‑11 | 2017‑11 | 2016‑11 | |
| Income | |||||||||
Revenues | 1,510 79.98% | 839 -19.71% | 1,045 -27.03% | ||||||
Cost of revenue | 550 | 181 | 531 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 960 | 658 | 514 | ||||||
NOPBT Margin | 63.58% | 78.43% | 49.19% | ||||||
Operating Taxes | 514 | ||||||||
Tax Rate | 100.00% | ||||||||
NOPAT | 960 | 658 | |||||||
Net income | 1,170 348.28% | 261 -49.22% | 514 -44.67% | ||||||
Dividends | (1,019) | (1,077) | (1,077) | ||||||
Dividend yield | 5.00% | ||||||||
Proceeds from repurchase of equity | (919) | (501) | |||||||
BB yield | 2.33% | ||||||||
| Debt | |||||||||
Debt current | 2,100 | ||||||||
Long-term debt | 4,000 | ||||||||
Deferred revenue | |||||||||
Other long-term liabilities | 2,241 | (4,000) | |||||||
Net debt | (22,959) | (20,882) | (22,119) | ||||||
| Cash flow | |||||||||
Cash from operating activities | 1,056 | 998 | 718 | ||||||
CAPEX | |||||||||
Cash from investing activities | (2,173) | 5,251 | (7,416) | ||||||
Cash from financing activities | 78 | (5,733) | 2,791 | ||||||
FCF | (1,127) | 645 | 10,558 | ||||||
| Balance | |||||||||
Cash | 3,014 | 1,154 | 638 | ||||||
Long term investments | 22,045 | 19,728 | 25,481 | ||||||
Excess cash | 24,984 | 20,840 | 26,067 | ||||||
Stockholders' equity | 10,823 | 11,610 | 13,571 | ||||||
Invested Capital | 13,454 | 9,285 | 12,559 | ||||||
ROIC | 8.44% | 6.02% | |||||||
ROCE | 3.95% | 3.15% | 1.97% | ||||||
| EV | |||||||||
Common stock shares outstanding | 25,247 | 26,907 | 26,924 | ||||||
Price | 0.80 | ||||||||
Market cap | 21,526 | ||||||||
EV | 644 | ||||||||
EBITDA | 960 | 658 | 514 | ||||||
EV/EBITDA | 0.98 | ||||||||
Interest | 84 | 155 | 132 | ||||||
Interest/NOPBT | 8.75% | 23.56% | 25.68% | ||||||