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Bluefield Solar Income Fund

BST:5B3
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5B3
BST
£459M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Bluefield Solar Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Bluefield Solar Income Fund has significant price volatility in the past 3 months.
5B3 Share Price and Events
7 Day Returns
15.5%
BST:5B3
12.4%
DE Capital Markets
7.3%
DE Market
1 Year Returns
-14.6%
BST:5B3
-8.8%
DE Capital Markets
-17.7%
DE Market
5B3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bluefield Solar Income Fund (5B3) 15.5% -17% -21.1% -14.6% -6.7% -
DE Capital Markets 12.4% -22.2% -16.8% -8.8% -29.1% -56.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 5B3 underperformed the Capital Markets industry which returned -8.8% over the past year.
  • 5B3 outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
5B3
Industry
5yr Volatility vs Market

Value

 Is Bluefield Solar Income Fund 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 Bluefield Solar Income Fund 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 Bluefield Solar Income Fund.

BST:5B3 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
= £1.13 * 10%
£0.11
Book Value of Equity per Share Median Book Value from the past 5 years. £1.13
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 BST:5B3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.751 (1 + (1- 19%) (0%))
0.833
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.833 * 6.07%)
4.67%

Discounted Cash Flow Calculation for BST:5B3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bluefield Solar Income Fund 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.

BST:5B3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 4.67%) * £1.13)
£0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.06 / (4.67% - -0.39%)
£1.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.13 + £1.19
£2.32
BST:5B3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:5B3 represents 0.96371x of LSE:BSIF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96371x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.32 x 0.96371
€2.24
Value per share (EUR) From above. €2.24
Current discount Discount to share price of €1.20
= -1 x (€1.20 - €2.24) / €2.24
46.6%

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

Current Discount
Amount off the current price Bluefield Solar Income Fund is available for.
Intrinsic value
47%
Share price is €1.2 vs Future cash flow value of €2.24
Current Discount Checks
For Bluefield Solar Income Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bluefield Solar Income Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bluefield Solar Income Fund's share price is below the future cash flow value, and 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 Bluefield Solar Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bluefield Solar Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:5B3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.15
LSE:BSIF Share Price ** LSE (2020-03-30) in GBP £1.24
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Bluefield Solar Income Fund.

BST:5B3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.24 ÷ 0.15

8.46x

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

  • Bluefield Solar Income Fund is good value based on earnings compared to the DE Capital Markets industry average.
  • Bluefield Solar Income Fund is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bluefield Solar Income Fund's expected growth come at a high price?
Raw Data
BST:5B3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.63x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 Bluefield Solar Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bluefield Solar Income Fund's assets?
Raw Data
BST:5B3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £1.21
LSE:BSIF Share Price * LSE (2020-03-30) in GBP £1.24
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
BST:5B3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.24 ÷ 1.21

1.03x

* Primary Listing of Bluefield Solar Income Fund.

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

  • Bluefield Solar Income Fund is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Bluefield Solar Income Fund'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. Bluefield Solar Income Fund has a total score of 5/6, 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 Bluefield Solar Income Fund 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 Bluefield Solar Income Fund 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
40.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bluefield Solar Income Fund expected to grow at an attractive rate?
  • Unable to compare Bluefield Solar Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bluefield Solar Income Fund's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Bluefield Solar Income Fund's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:5B3 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
BST:5B3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
BST:5B3 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:5B3 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 56 0 54
2019-09-30 52 0 50
2019-06-30 47 -1 45
2019-03-31 42 -1 40
2018-12-31 36 -1 35
2018-09-30 36 -1 35
2018-06-30 36 -1 35
2018-03-31 40 -1 38
2017-12-31 43 -1 42
2017-09-30 54 -1 53
2017-06-30 65 -1 64
2017-03-31 46 0 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bluefield Solar Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Bluefield Solar Income Fund 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
BST:5B3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bluefield Solar Income Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:5B3 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:5B3 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.15
2019-09-30 0.13
2019-06-30 0.12
2019-03-31 0.11
2018-12-31 0.09
2018-09-30 0.09
2018-06-30 0.09
2018-03-31 0.10
2017-12-31 0.11
2017-09-30 0.15
2017-06-30 0.18
2017-03-31 0.15

*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 Bluefield Solar Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bluefield Solar Income Fund'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Bluefield Solar Income Fund 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 Bluefield Solar Income Fund 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 Bluefield Solar Income Fund'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.
  • Bluefield Solar Income Fund has delivered over 20% year on year earnings growth in the past 5 years.
  • Bluefield Solar Income Fund's 1-year earnings growth exceeds its 5-year average (54.9% vs 21%)
  • Bluefield Solar Income Fund's earnings growth has exceeded the DE Capital Markets industry average in the past year (54.9% vs 5.7%).
Earnings and Revenue History
Bluefield Solar Income Fund'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 Bluefield Solar Income Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:5B3 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 56.21 54.24 1.97
2019-09-30 51.55 49.58 1.97
2019-06-30 46.89 44.93 1.97
2019-03-31 41.58 39.97 1.61
2018-12-31 36.28 35.02 1.26
2018-09-30 36.14 34.91 1.23
2018-06-30 36.00 34.80 1.20
2018-03-31 39.54 38.32 1.22
2017-12-31 43.08 41.84 1.24
2017-09-30 54.16 52.94 1.22
2017-06-30 65.24 64.05 1.19
2017-03-31 46.06 49.93 -2.23
2016-12-31 34.32 35.82 -1.39
2016-09-30 22.24 22.24 -0.19
2016-06-30 10.15 8.67 1.00
2016-03-31 22.57 15.48 4.75
2015-12-31 27.56 22.29 4.25
2015-09-30 23.55 18.72 3.79
2015-06-30 19.54 15.15 3.33
2014-12-31 19.53 15.74 2.78
2014-06-30 11.11 8.72 2.02

*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.
  • Bluefield Solar Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bluefield Solar Income Fund used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Bluefield Solar Income Fund has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bluefield Solar Income Fund'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.
Bluefield Solar Income Fund has a total score of 5/6, 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 Bluefield Solar Income Fund'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 Bluefield Solar Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bluefield Solar Income Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bluefield Solar Income Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bluefield Solar Income Fund'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.
  • Bluefield Solar Income Fund 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 Bluefield Solar Income Fund Company Filings, last reported 2 months ago.

BST:5B3 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 447.39 0.00 0.95
2019-09-30 447.39 0.00 0.95
2019-06-30 436.40 0.00 0.28
2019-03-31 436.40 0.00 0.28
2018-12-31 423.19 0.00 0.04
2018-09-30 423.19 0.00 0.04
2018-06-30 419.00 0.00 0.50
2018-03-31 419.00 0.00 0.50
2017-12-31 415.65 0.00 0.14
2017-09-30 415.65 0.00 0.14
2017-06-30 408.61 0.00 4.98
2017-03-31 408.61 0.00 4.98
2016-12-31 388.55 0.00 24.90
2016-09-30 388.55 0.00 24.90
2016-06-30 307.75 0.00 1.78
2016-03-31 307.75 180.38 2.77
2015-12-31 315.17 11.50 1.89
2015-09-30 315.17 11.50 1.89
2015-06-30 288.39 18.90 13.27
2014-12-31 282.14 0.78 95.59
2014-06-30 147.68 0.00 11.29
  • Bluefield Solar Income Fund has no debt.
  • Bluefield Solar Income Fund has no debt compared to 5 years ago when it was 0.3%.
  • Bluefield Solar Income Fund has no debt, it does not need to be covered by operating cash flow.
  • Bluefield Solar Income Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bluefield Solar Income Fund'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. Bluefield Solar Income Fund has a total score of 6/6, 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 Bluefield Solar Income Fund'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
6.7%
Current annual income from Bluefield Solar Income Fund dividends.
If you bought €2,000 of Bluefield Solar Income Fund shares you are expected to receive €134 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?
  • Bluefield Solar Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Bluefield Solar Income Fund's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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
BST:5B3 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BST:5B3 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
BST:5B3 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-19 0.083 6.226
2018-09-27 0.074 5.788
2017-09-18 0.073 6.193
2016-10-04 0.073 6.585
2015-10-01 0.073 7.121
2015-04-29 0.040 3.736
2014-11-03 0.130 12.485
2014-09-08 0.040 3.853
2014-02-19 0.040 3.902

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

  • Bluefield Solar Income Fund has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bluefield Solar Income Fund only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Bluefield Solar Income Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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 Bluefield Solar Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Bluefield Solar Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bluefield Solar Income Fund 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.

Management

 What is the CEO of Bluefield Solar Income Fund'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.
  • Bluefield Solar Income Fund has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bluefield Solar Income Fund individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy Giovanni Terranova Individual 25. Mar 20 25. Mar 20 8,917 €1.22 €10,884
26. Mar 20 Buy James Armstrong Individual 25. Mar 20 25. Mar 20 18,016 €1.21 €21,770
09. Oct 19 Sell Neil Wood Individual 04. Oct 19 04. Oct 19 -10,136 €1.45 €-14,658
05. Aug 19 Buy John Philip Henry Scott Individual 30. Jul 19 30. Jul 19 60,000 €1.45 €86,891
26. Jul 19 Buy James Armstrong Individual 25. Jul 19 25. Jul 19 74,753 €1.50 €111,869
02. Jul 19 Buy Giovanni Terranova Individual 01. Jul 19 01. Jul 19 14,612 €1.53 €22,357
X
Management checks
We assess Bluefield Solar Income Fund'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. Bluefield Solar Income Fund 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

Simply Wall St News

Company Info

Description

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments. Bluefield Solar Income Fund Ltd. was formed on July 12, 2013 and is domiciled in Guernsey, Channel Islands.

Details
Name: Bluefield Solar Income Fund Limited
5B3
Exchange: BST
Founded: 2013
£514,312,193
370,499,622
Website: http://
Address: Bluefield Solar Income Fund Limited
53 Chandos Place,
London,
WC2N 4HS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BSIF Ordinary Shares London Stock Exchange GB GBP 12. Jul 2013
BST 5B3 Ordinary Shares Boerse-Stuttgart DE EUR 12. Jul 2013
BATS-CHIXE BSIFl Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. Jul 2013
Number of employees
Current staff
Staff numbers
0
Bluefield Solar Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:43
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2018/09/27
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.