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TruFin

DB:29U
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
29U
DB
£63M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Trufin PLC provides financing services for manufacturers and dealers primarily in the United Kingdom. The last earnings update was 111 days ago. More info.


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29U Share Price and Events
7 Day Returns
0%
DB:29U
-16.9%
DE Diversified Financial
-5.1%
DE Market
1 Year Returns
-
DB:29U
-10.6%
DE Diversified Financial
-11.9%
DE Market
29U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TruFin (29U) 0% 0% -3.7% - - -
DE Diversified Financial -16.9% -13.6% -8% -10.6% 48.7% 260.3%
DE Market -5.1% -5.9% -5.7% -11.9% 1.5% 11.2%
1 Year Return vs Industry and Market
  • No trading data on 29U.
  • No trading data on 29U.
Price Volatility
Industry
5yr Volatility vs Market

29U Value

 Is TruFin 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
  • It is not possible to calculate the future cash flow value for TruFin. This is due to cash flow or dividend data being unavailable. The share price is €2.132.
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 TruFin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TruFin's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:29U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.16
AIM:TRU Share Price ** AIM (2019-05-09) in GBP £0.68
Germany Diversified Financial Industry PE Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 27.41x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.27x

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

** Primary Listing of TruFin.

DB:29U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:TRU Share Price ÷ EPS (both in GBP)

= 0.68 ÷ -0.16

-4.3x

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

  • TruFin is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • TruFin is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does TruFin's expected growth come at a high price?
Raw Data
DB:29U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.31x
Germany Market PEG Ratio Median Figure of 267 Publicly-Listed Companies 1.36x

*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 TruFin, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TruFin's assets?
Raw Data
DB:29U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.54
AIM:TRU Share Price * AIM (2019-05-09) in GBP £0.68
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.03x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.65x
DB:29U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:TRU Share Price ÷ Book Value per Share (both in GBP)

= 0.68 ÷ 1.54

0.44x

* Primary Listing of TruFin.

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

  • TruFin is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess TruFin'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. TruFin has a total score of 1/6, 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.

29U Future Performance

 How is TruFin expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
50.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is TruFin expected to grow at an attractive rate?
  • Unable to compare TruFin's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TruFin's earnings growth to the Germany market average as no estimate data is available.
  • TruFin's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:29U Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:29U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 50.6%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:29U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:29U Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 19 1
2020-12-31 11 1
2019-12-31 7 1
DB:29U Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 3 -108 -15
2018-09-30 3 -90 -13
2018-06-30 3 -72 -12
2018-03-31 3 -56 -10
2017-12-31 3 -40 -8
2017-09-30 2 -8
2017-06-30 2 -8
2017-03-31 2 -6
2016-12-31 1 -7 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TruFin is high growth as no earnings estimate data is available.
  • TruFin's revenue is expected to grow significantly at over 20% yearly.
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
DB:29U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from TruFin Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:29U Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
DB:29U Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.16
2018-09-30 -0.14
2018-06-30 -0.13
2018-03-31 -0.10
2017-12-31 -0.12
2017-09-30 -0.12
2017-06-30 -0.08
2017-03-31 -0.06
2016-12-31

*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.
  • TruFin is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TruFin'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 Europe 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.
TruFin has a total score of 2/6, 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.

29U Past Performance

  How has TruFin 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 TruFin's growth in the last year to its industry (Diversified Financial).
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.
  • TruFin does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare TruFin's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TruFin's 1-year growth to the DE Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
TruFin'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 TruFin Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:29U Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3.25 -14.69
2018-09-30 2.91 -13.46
2018-06-30 2.58 -12.22
2018-03-31 2.61 -10.16
2017-12-31 2.64 -8.10
2017-09-30 2.45 -7.81
2017-06-30 2.26 -7.52
2017-03-31 1.85 -5.51
2016-12-31 1.45 -3.51

*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.
  • It is difficult to establish if TruFin has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if TruFin has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if TruFin improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TruFin'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 Diversified Financial 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.
TruFin has a total score of 0/6, 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.

29U Health

 How is TruFin'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 TruFin's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TruFin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TruFin has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TruFin'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.
  • Debt is covered by short term assets, assets are 3.5x debt.
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 TruFin Company Filings, last reported 7 months ago.

DB:29U Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 153.25 59.04 74.38
2018-09-30 153.25 59.04 74.38
2018-06-30 158.74 23.64 113.81
2018-03-31 158.74 23.64 113.81
2017-12-31 91.40 9.04 62.55
2017-09-30 91.40 9.04 62.55
2017-06-30 43.00 18.64 47.48
2017-03-31 43.00 18.64 47.48
2016-12-31 34.50 11.90 41.17
  • TruFin's level of debt (38.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if TruFin's debt level has increased without past 5-year debt data.
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.

  • TruFin has less than a year of cash runway based on current free cash flow.
  • TruFin has less than a year of cash runway if free cash flow continues to grow at historical rates of 81% each year.
X
Financial health checks
We assess TruFin'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. TruFin has a total score of 3/6, 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.

29U Dividends

 What is TruFin'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
0%
Current annual income from TruFin dividends. Estimated to be 0% next year.
If you bought €2,000 of TruFin shares you are expected to receive €0 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?
  • Unable to evaluate TruFin's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TruFin's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:29U 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 1 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

DB:29U Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as TruFin has not reported any payouts.
  • Unable to verify if TruFin's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TruFin's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TruFin has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TruFin's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess TruFin'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 TruFin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TruFin has a total score of 0/6, see the detailed checks below.


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

29U Management

 What is the CEO of TruFin'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.
  • TruFin has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Open Market Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TruFin'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. TruFin 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.

29U News

Simply Wall St News

29U Company Info

Description

Trufin PLC provides financing services for manufacturers and dealers primarily in the United Kingdom. The company also offers early payment systems to the public and private sectors; and working capital finance and technology solutions to SMEs. In addition, it provides unsecured consumer finance through a digital peer-to-peer platform. The company is based in London, the United Kingdom.

Details
Name: TruFin plc
29U
Exchange: DB
Founded:
£67,852,781
91,933,316
Website: http://trufin.com
Address: TruFin plc
4 Bentinck Street,
London,
Greater London, W1U 2EF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TRU Ordinary Shares London Stock Exchange AIM Market GB GBP 21. Feb 2018
DB 29U Ordinary Shares Deutsche Boerse AG DE EUR 21. Feb 2018
BST 29U Ordinary Shares Boerse-Stuttgart DE EUR 21. Feb 2018
Number of employees
Current staff
Staff numbers
143
TruFin employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/06 22:24
End of day share price update: 2019/05/09 00:00
Last estimates confirmation: 2019/07/29
Last earnings filing: 2019/04/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.