XLONDVNO
Market cap24mUSD
Dec 24, Last price
78.00GBP
IPO
-24.64%
Name
TOC Property Backed Lending Trust PLC
Chart & Performance
P/E
7,499.20
P/S
2,332.89
EPS
0.01
Div Yield, %
0.06%
Shrs. gr., 5y
1.01%
Rev. gr., 5y
-11.98%
Revenues
839k
-19.71%
Net income
261k
-49.22%
CFO
998k
+39.00%
Dividend
Sep 12, 20241 GBP/sh
Earnings
Apr 25, 2025
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 |
|---|---|---|---|---|---|---|---|---|
| 2023‑11 | 2022‑11 | 2021‑11 | 2020‑11 | 2019‑11 | 2018‑11 | 2017‑11 | 2016‑11 | |
| Income | ||||||||
Revenues | 839 -19.71% | 1,045 -27.03% | ||||||
Cost of revenue | 181 | 531 | ||||||
Unusual Expense (Income) | ||||||||
NOPBT | 658 | 514 | ||||||
NOPBT Margin | 78.43% | 49.19% | ||||||
Operating Taxes | 514 | |||||||
Tax Rate | 100.00% | |||||||
NOPAT | 658 | |||||||
Net income | 261 -49.22% | 514 -44.67% | ||||||
Dividends | (1,077) | (1,077) | ||||||
Dividend yield | 5.00% | |||||||
Proceeds from repurchase of equity | (501) | |||||||
BB yield | 2.33% | |||||||
| Debt | ||||||||
Debt current | ||||||||
Long-term debt | 4,000 | |||||||
Deferred revenue | ||||||||
Other long-term liabilities | (4,000) | |||||||
Net debt | (20,882) | (22,119) | ||||||
| Cash flow | ||||||||
Cash from operating activities | 998 | 718 | ||||||
CAPEX | ||||||||
Cash from investing activities | 5,251 | (7,416) | ||||||
Cash from financing activities | (5,733) | 2,791 | ||||||
FCF | 645 | 10,558 | ||||||
| Balance | ||||||||
Cash | 1,154 | 638 | ||||||
Long term investments | 19,728 | 25,481 | ||||||
Excess cash | 20,840 | 26,067 | ||||||
Stockholders' equity | 11,610 | 13,571 | ||||||
Invested Capital | 9,285 | 12,559 | ||||||
ROIC | 6.02% | |||||||
ROCE | 3.15% | 1.97% | ||||||
| EV | ||||||||
Common stock shares outstanding | 26,907 | 26,924 | ||||||
Price | 0.80 | |||||||
Market cap | 21,526 | |||||||
EV | 644 | |||||||
EBITDA | 658 | 514 | ||||||
EV/EBITDA | 0.98 | |||||||
Interest | 155 | 132 | ||||||
Interest/NOPBT | 23.56% | 25.68% | ||||||