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Starvest

AIM:SVE
Snowflake Description

Flawless balance sheet and fair value.

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

Starvest plc is a venture capital firm specializing in growth capital, early stage and mid stage investments, seed/startup, small company new issues, and pre-initial public offering opportunities. The last earnings update was 152 days ago. More info.


Add to Portfolio Compare Print
  • Starvest is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SVE Share Price and Events
7 Day Returns
0%
AIM:SVE
-0.5%
GB Capital Markets
-0.4%
GB Market
1 Year Returns
-7.5%
AIM:SVE
19.6%
GB Capital Markets
4.5%
GB Market
SVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Starvest (SVE) 0% 5.7% -17.8% -7.5% -1.3% -66.4%
GB Capital Markets -0.5% -0.1% 2.5% 19.6% 60.1% 102.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • SVE underperformed the Capital Markets industry which returned 19.6% over the past year.
  • SVE underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
SVE
Industry
5yr Volatility vs Market

Value

 Is Starvest 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 Starvest 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 Starvest.

AIM:SVE 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
= £0.03 * 4.5%
£0.00
Book Value of Equity per Share Median Book Value from the past 5 years. £0.03
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:SVE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0%))
0.834
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)
= 1.23% + (0.834 * 6.65%)
6.78%

Discounted Cash Flow Calculation for AIM:SVE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Starvest 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.

AIM:SVE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.5% – 6.78%) * £0.03)
£0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.00 / (6.78% - 1.23%)
£-0.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.03 + £-0.01
£0.02
AIM:SVE Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.02
Current discount Discount to share price of £0.02
= -1 x (£0.02 - £0.02) / £0.02
-4.1%

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

  • The current share price of Starvest 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 Starvest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Starvest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.02
AIM:SVE Share Price ** AIM (2019-11-15) in GBP £0.02
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Starvest.

AIM:SVE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.02 ÷ 0.02

1.19x

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

  • Starvest is good value based on earnings compared to the GB Capital Markets industry average.
  • Starvest is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Starvest's expected growth come at a high price?
Raw Data
AIM:SVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*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 Starvest, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Starvest's assets?
Raw Data
AIM:SVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.04
AIM:SVE Share Price * AIM (2019-11-15) in GBP £0.02
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.34x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:SVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.02 ÷ 0.04

0.44x

* Primary Listing of Starvest.

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

  • Starvest is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Starvest'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. Starvest 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.

Future Performance

 How is Starvest 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 Starvest 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
17.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Starvest expected to grow at an attractive rate?
  • Unable to compare Starvest's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Starvest's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Starvest's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:SVE Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
AIM:SVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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.
AIM:SVE Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 0 1 1
2018-12-31 0 0 0
2018-09-30 0 0
2018-06-30 0 0 0
2018-03-31 0 0 0
2017-12-31 0 0 0
2017-09-30 1 0 0
2017-06-30 0 0 0
2017-03-31 0 0 0
2016-12-31 0 0 0
2016-09-30 0 0 0
2016-06-30 0 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Starvest is high growth as no earnings estimate data is available.
  • Unable to determine if Starvest 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
AIM:SVE 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 0 Analyst Estimates (S&P Global) See Below

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

AIM:SVE Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.02
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 -0.04

*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 Starvest will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Starvest is trading at Starvest'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Starvest's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Starvest's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Starvest'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 Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Starvest 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 Starvest 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 Starvest'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.
  • Starvest has delivered over 20% year on year earnings growth in the past 5 years.
  • Starvest has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Starvest has become profitable in the last year making it difficult to compare the GB Capital Markets industry average.
Earnings and Revenue History
Starvest'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 Starvest Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SVE Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 0.03 0.84 0.25
2018-12-31 0.01 0.26 0.25
2018-09-30 -0.32 0.25
2018-06-30 0.23 -0.19 0.27
2018-03-31 0.47 -0.07 0.29
2017-12-31 0.50 0.12 0.28
2017-09-30 0.53 0.30 0.27
2017-06-30 0.32 0.17 0.26
2017-03-31 0.12 0.04 0.24
2016-12-31 0.12 0.06 0.24
2016-09-30 0.12 0.08 0.23
2016-06-30 0.15 -1.63 0.22
2016-03-31 0.18 -3.33 0.21
2015-12-31 0.15 -3.32 0.22
2015-09-30 0.12 -3.31 0.23
2015-06-30 0.06 -1.74 0.23
2015-03-31 0.00 -0.17 0.23
2014-12-31 0.13 -0.26 0.22
2014-09-30 0.26 -0.36 0.21
2014-06-30 0.26 -0.48 0.21
2014-03-31 0.26 -0.61 0.21
2013-12-31 0.13 -0.81 0.21
2013-09-30 -1.01 0.21
2013-06-30 -1.09 0.20
2013-03-31 -1.16 0.20
2012-12-31 -0.96 0.20

*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.
  • Starvest has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Starvest used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Starvest 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 Starvest'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.
Starvest has a total score of 3/6, 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 Starvest'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 Starvest's finances.

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

AIM:SVE Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2.27 0.00 2.30
2018-12-31 2.27 0.00 2.30
2018-09-30 1.59 0.05 1.65
2018-06-30 1.59 0.05 1.65
2018-03-31 1.37 0.00 1.45
2017-12-31 1.37 0.00 1.45
2017-09-30 1.88 0.05 1.95
2017-06-30 1.88 0.05 1.95
2017-03-31 1.26 0.00 1.29
2016-12-31 1.26 0.00 1.29
2016-09-30 1.32 0.10 1.38
2016-06-30 1.32 0.10 1.38
2016-03-31 1.10 0.15 1.20
2015-12-31 1.10 0.15 1.20
2015-09-30 1.19 0.10 1.26
2015-06-30 1.19 0.10 1.26
2015-03-31 2.06 0.00 2.06
2014-12-31 2.06 0.00 2.06
2014-09-30 2.15 0.00 2.09
2014-06-30 2.15 0.00 2.09
2014-03-31 2.24 0.00 2.21
2013-12-31 2.24 0.00 2.21
2013-09-30 2.51 0.00 2.52
2013-06-30 2.51 0.00 2.52
2013-03-31 2.84 0.00 2.84
2012-12-31 2.84 0.00 2.84
  • Starvest has no debt.
  • Starvest currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Starvest has no debt, it does not need to be covered by operating cash flow.
  • Starvest has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Starvest'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. Starvest 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 Starvest'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 Starvest dividends.
If you bought £2,000 of Starvest 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 Starvest's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Starvest'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
AIM:SVE 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 Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:SVE Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2013-04-25 0.000 0.000
2012-10-26 0.000 0.000
2012-10-25 0.000 0.000
2012-04-18 0.000 0.000
2011-10-26 0.010 9.410
2011-04-11 0.005 3.780
2009-05-14 0.000 0.000

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

  • Unable to perform a dividend volatility check as Starvest has not reported any payouts.
  • Unable to verify if Starvest's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Starvest's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Starvest has not reported any payouts.
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 Starvest's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Starvest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Starvest 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.

Management

 What is the CEO of Starvest'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.
CEO
Callum Baxter
COMPENSATION £80,000
AGE 49
TENURE AS CEO 4.2 years
CEO Bio

Mr. Callum Newton Baxter, MSc (Ore Deposit Geology), MAIG, MAusI M M, has been Chief Technical Officer at Greatland Gold plc since January 19, 2017. Mr. Baxter served as the Chief Executive Officer and Managing Director of Greatland Gold plc (Greatland Gold Inc) until January 19, 2017. Mr. Baxter has been the Chairman and Chief Executive Officer of Starvest plc since September 01, 2015. Mr. Baxter served as the Chief Executive Officer of Goldcrest Resources plc. Mr. Baxter served as a Principal Geologist for Baxter Geological a mineral exploration services and management support consultancy. He is a Geologist with over fifteen year’s global multi-commodity experience. He has developed considerable experience in the natural resources sector as an exploration geologist with companies that include Orpheus Geoscience Ltd., Eagle Mining Corporation NL, Hunter Exploration NL and Equinox Resources NL. He has been a Non-Executive Director of Sunvest Corporation Limited since November 7, 2018. He has been an Executive Director at Greatland Gold plc (Greatland Gold Inc.) since November 18, 2005. He served as Non-Executive Director of Goldcrest Resources plc April 13, 2016 until June 8, 2016. He served as Executive Director of Goldcrest Resources plc since March 7, 2013 until April 13, 206. He served as a Director of Baxter Geological. He is a member of the Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy.

CEO Compensation
  • Callum's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Callum's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Callum Baxter

TITLE
Chairman & CEO
COMPENSATION
£80K
AGE
49
TENURE
4.2 yrs

Gemma Cryan

TITLE
Executive Director
COMPENSATION
£40K
AGE
43

Stephen Ronaldson

TITLE
Secretary
AGE
64
Board of Directors Tenure

Average tenure and age of the Starvest board of directors in years:

3.4
Average Tenure
47
Average Age
  • The tenure for the Starvest board of directors is about average.
Board of Directors

Callum Baxter

TITLE
Chairman & CEO
COMPENSATION
£80K
AGE
49
TENURE
4.2 yrs

Gemma Cryan

TITLE
Executive Director
COMPENSATION
£40K
AGE
43
TENURE
3.4 yrs

Mark Badros

TITLE
Independent Non-Executive Director
AGE
47
TENURE
0.9 yrs
Who owns this company?
Recent 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 Starvest'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. Starvest 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

Is Starvest plc's (LON:SVE) CEO Salary Justified?

Callum Baxter is the CEO of Starvest plc (LON:SVE), which has recently grown to a market capitalization of UK£1.53m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

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Should You Be Concerned About Starvest plc's (LON:SVE) Investors?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for Starvest AIM:SVE Ownership_summary Apr 7th 18 Institutional Ownership In SVE's case, institutional ownership stands at 46.80%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses.

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How Does Investing In Starvest plc (LON:SVE) Impact Your Portfolio?

Check out our latest analysis for Starvest An interpretation of SVE's beta Starvest's beta of 0.49 indicates that the stock value will be less variable compared to the whole stock market. … SVE’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both SVE’s size and industry indicates the stock should have a higher beta than it currently has.

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Is It Time To Buy Starvest plc (LON:SVE) Based Off Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SVE Price per share = £0.02 Earnings per share = £0.006 ∴ Price-Earnings Ratio = £0.02 ÷ £0.006 = 3.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to SVE, such as capital structure and profitability.

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Is Starvest plc (LON:SVE) Overpaying Its CEO?

Earnings is a powerful indication of SVE's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Baxter's performance in the past year. … Based on SVE's size and performance, in terms of market cap and earnings, it seems that Baxter is compensated similar to other comparable UK CEOs of profitable small-caps.

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How Should You Think About Starvest plc's (LON:SVE) Risks?

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Therefore, this is a type of risk which is associated with higher beta.

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Should You Be Tempted To Buy Starvest plc (LON:SVE) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SVE Price per share = £0.03 Earnings per share = £0.006 ∴ Price-Earnings Ratio = £0.03 ÷ £0.006 = 5.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 5.1x, SVE’s P/E is lower than its industry peers (16.7x). … For example, if you are inadvertently comparing lower risk firms with SVE, then SVE’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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What is Behind Starvest plc's (AIM:SVE) Superior ROE?

View our latest analysis for Starvest Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs SVE’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of SVE’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:SVE Last Perf Nov 24th 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient SVE is with its cost management.

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Company Info

Description

Starvest plc is a venture capital firm specializing in growth capital, early stage and mid stage investments, seed/startup, small company new issues, and pre-initial public offering opportunities. It invests in alternative investment market (AIM) companies engaged in the natural resources sectors including minerals and precious metals exploration. It may also diversify in agriculture and fertilizers sectors. The firm seeks to invest between £0.02 million ($0.03 million) and £0.3 million ($0.43 million) in its portfolio companies and can invest more in some cases. The firm does not take active part in the management of the investee companies, although directors of the firm are also directors on the boards of other investee companies. Starvest plc was founded in 2000 and is based in London, United Kingdom.

Details
Name: Starvest plc
SVE
Exchange: AIM
Founded: 2000
£1,034,664
55,927,832
Website: http://www.starvest.co.uk
Address: Starvest plc
33 St James's Square,
London,
Greater London, SW1Y 4JS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SVE Ordinary Shares London Stock Exchange AIM Market GB GBP 05. Sep 2000
Number of employees
Current staff
Staff numbers
0
Starvest employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:32
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/06/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.