Alpha Real (ARTL)

Company name:	Alpha Real Trust Limited
EPIC:	ARTL	Trading Currency:	GBX
Market Sector:	SFQQ	ISIN:	GB00B13VDP26
Market Segment:	SFM2	Share Type:	DE
WWW Address:	www.alpharealtrustlimited.com	Description:	ORD NPV
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
131.00	-8.0 [-5.76]	127.00	135.00	139.00	139.00	131.00	30,000
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
87.64	66.90	0.07	33.10	-	3.96	-	210.00 - 129.00

Alpha Real Key Figures

(at previous day's close)
Market Cap.	87.64	m
Shares In Issue	66.90	m
Prev. Close	139.00
PE Ratio	3.96
Dividend Yield	-	%
EPS - basic	33.10	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	-1.59	p
Return On Equity (ROE)	1.95	%
Operating Margin	84.18	%
PEG Factor	0.05
EPS Growth Rate	78.92	%
Dividends PS Growth Rate	-	%
Net Debt	-45.37	m
Gross Gearing	8.57	%
Quick Assets	97.90	m
Net Working Capital	93.13	m
Intangibles / Fixed Assets	-	%
Turnover PS	4.84	p
Pre-Tax Profit PS	4.07	p
Retained Profit PS	1.55	p
Cash PS	86.96	p
Net Cash PS	79.83	p
Net Tangible Asset Value PS *	204.29	p
Net Asset Value PS	204.30	p
Spread	8.00 (5.93%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Alpha Real Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	152.50	131.00
4 weeks	195.00	129.00
12 weeks	210.00	129.00
1 year	210.00	129.00

Share Price Chart (5 years)

Alpha Real Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	141.00	-10.00	-7.09	131.00	0.01		144.21
4 weeks	194.50	-63.50	-32.65	129.00	0.02		154.64
12 weeks	182.50	-51.50	-28.22	129.00	0.01		178.99
26 weeks	180.00	-49.00	-27.22	129.00	0.01		180.48
1 year	162.00	-31.00	-19.14	129.00	0.07		173.34
3 years	112.50	18.50	16.44	112.00	0.04		157.29
5 years	63.50	67.50	106.30	63.50	0.03		134.17
† periods calculated are whole weeks rather than calendar months

Alpha Real Key Management Ratios

Alpha Real Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	3.96
Tobin's Q Ratio	0.65
Tobin's Q Ratio (excl. intangibles)	0.65
Dividend Yield	-	%
Market-to-Book Ratio	0.64
Price-to-Pre-Tax Profit PS	32.16
Price-to-Retained Profit PS	84.76
Price-to-Cash Flow PS	-82.45
Price-to-Sales PS	27.08
Price-to-Net Tangible Asset Value PS	0.64
Price-to-Cash PS	1.51
Net Working Capital PS	139.20
Price Pct to Working Capital PS	0.94	%
Earnings Yield	25.27	%
Average PE	5.50
Years in average	5
PE to PE average	71.90	%

Alpha Real Financial Ratios

(Leverage Ratios)
Debt Ratio	5.56	%
Debt-to-Equity Ratio	0.06
Debt-to-Equity Ratio (excl. Intgbl)	0.06
Debt-to-Equity Market Value	0.09
Net Gearing	-30.35	%
Net Gearing (excl. Intangibles)	-30.35	%
Gross Gearing	8.57	%
Gross Gearing (excl. Intangibles)	8.57	%
Gearing Under 1 Year	3.19	%
Gearing Under 1 Year (excl. Intgbl)	3.19	%
Assets/Equity	1.09
Cash/Equity	42.57
(Liquidity Ratios)
Net Working Capital to Total Assets	62.30	%
Current Ratio	20.51
Quick Ratio (Acid Test)	20.51
Liquidity Ratio	12.19
Cash & Equiv/Current Assets	59.43	%
(Solvency Ratios)
Enterprise Value	37.50	m
CFO/Sales	-0.33
CFO/Attributable Profit	-
CFO/Assets	-0.01
CFO/Debt	-0.08
Total Debt/Equity Market Value	0.15
Total Debt/Sales	3.96
Total Debt/Pre-Tax Profit	4.70
Total Debt	12.81	m
Total Debt/Net Current Assets	0.14	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	21.18	%
5 yr Compound Earnings Growth	26.55	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	3

Beta (60-Mnth)	Beta (36-Mnth)
0.0748	-0.0046

Alpha Real Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	1.88	%
Return On Assets (ROA)	1.98	%
Net Profit Margin	82.42	%
Assets Turnover	0.02
Return On Equity (ROE)	1.95	%
Return On Investment (ROI)	2.02	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	2.09	%
Net Income Of Revenues	31.94	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.03
Fixed Assets Turnover	0.04
Current Assets Turnover	0.05
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	41.72
Debtors-to-Sales	868.44	%
Debt Collection Period	3,169.82	Days

Alpha Real Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
28 Feb 2020	Quarterly	GBX	1.00	31/08/2019	31/12/2019	12/03/2020	13/03/2020	09/04/2020	-
29 Nov 2019	Quarterly	GBX	1.00	30/03/2019	30/09/2019	12/12/2019	13/12/2019	10/01/2020	-
13 Sep 2019	Quarterly	GBX	1.00	02/03/2019	30/06/2019	03/10/2019	04/10/2019	18/10/2019	-
14 Jun 2019	Quarterly	GBX	0.80	31/03/2018	31/03/2019	27/06/2019	28/06/2019	19/07/2019	2.80
15 Mar 2019	Quarterly	GBX	0.80	31/08/2018	31/12/2018	28/03/2019	29/03/2019	26/04/2019	-
16 Nov 2018	Quarterly	GBX	0.60	30/03/2018	30/09/2018	29/11/2018	30/11/2018	14/12/2018	-
17 Aug 2018	Quarterly	GBX	0.60	02/03/2018	30/06/2018	30/08/2018	31/08/2018	21/09/2018	-
15 Jun 2018	Final	GBX	0.60	31/03/2017	31/03/2018	28/06/2018	29/06/2018	20/07/2018	2.40
09 Mar 2018	Quarterly	GBX	0.60	31/08/2017	31/12/2017	22/03/2018	23/03/2018	06/04/2018	-
17 Nov 2017	Quarterly	GBX	0.60	30/03/2017	30/09/2017	30/11/2017	01/12/2017	15/12/2017	-
18 Aug 2017	Quarterly	GBX	0.60	02/03/2017	30/06/2017	31/08/2017	01/09/2017	22/09/2017	-
16 Jun 2017	Final	GBX	0.60	31/03/2016	31/03/2017	29/06/2017	30/06/2017	21/07/2017	2.40
03 Mar 2017	Quarterly	GBX	0.60	31/08/2016	31/12/2016	16/03/2017	17/03/2017	24/03/2017	-
18 Nov 2016	Quarterly	GBX	0.60	30/03/2016	30/09/2016	01/12/2016	02/12/2016	16/12/2016	-
19 Aug 2016	Quarterly	GBX	0.60	01/03/2016	30/06/2016	01/09/2016	02/09/2016	23/09/2016	-
17 Jun 2016	Final	GBX	0.60	31/03/2015	31/03/2016	30/06/2016	01/07/2016	22/07/2016	2.40
04 Mar 2016	Interim	GBX	0.60	31/08/2015	31/12/2015	17/03/2016	18/03/2016	24/03/2016	-
20 Nov 2015	Interim	GBX	0.60	30/03/2015	30/09/2015	03/12/2015	04/12/2015	18/12/2015	-
18 Aug 2015	Interim	GBX	0.60	02/03/2015	30/06/2015	27/08/2015	28/08/2015	25/09/2015	-
19 Jun 2015	Final	GBX	0.60	31/03/2014	31/03/2015	02/07/2015	03/07/2015	17/07/2015	2.17
13 Feb 2015	Interim	GBX	0.53	31/08/2014	31/12/2014	26/02/2015	27/02/2015	20/03/2015	-
21 Nov 2014	Interim	GBX	0.52	30/03/2014	30/09/2014	04/12/2014	05/12/2014	19/12/2014	-
15 Aug 2014	Interim	GBX	0.52	02/03/2014	30/06/2014	27/08/2014	29/08/2014	26/09/2014	-
20 Jun 2014	Final	GBX	0.53	31/03/2013	31/03/2014	02/07/2014	04/07/2014	01/08/2014	2.10
22 Nov 2013	Interim	GBX	0.52	31/08/2013	31/12/2013	19/02/2014	21/02/2014	21/03/2014	-
15 Aug 2013	Interim	GBX	1.05	02/03/2013	30/06/2013	04/12/2013	06/12/2013	20/12/2013	-

Alpha Real Fundamentals

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
turnover	9.46	100.00%	9.88	100.00%	4.66	100.00%	3.24	100.00%	m
pre tax profit	4.91	51.96%	5.18	52.38%	2.44	52.25%	2.73	84.18%	m
attributable profit	4.90	51.83%	11.07	111.98%	2.40	51.44%	2.67	82.42%	m
retained profit	3.22	34.02%	9.40	95.14%	1.16	24.77%	1.03	31.94%	m
eps - basic (p)	23.10		18.60		18.50		33.10
eps - diluted (p)	23.10		18.60		18.50		33.10
dividends per share	2.40		2.40		2.40		-

Alpha Real Balance Sheet

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)


	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	129.68	82.90%	158.72	89.38%	97.86	81.12%	51.59	34.51%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	22.88	14.63%	13.46	7.58%	16.50	13.68%	39.72	26.57%	m
cash & securities	3.86	2.47%	5.40	3.04%	6.27	5.20%	58.18	38.92%	m

TOTAL	156.42	100%	177.58	100%	120.64	100%	149.49	100%	m

LIABILITIES
creditors - short	5.29	3.38%	67.41	37.96%	1.66	1.38%	4.77	3.19%	m
creditors - long	55.51	35.49%	-	-%	0.53	0.44%	8.04	5.38%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	60.80	38.87%	67.41	37.96%	2.19	1.81%	12.81	8.57%	m

EQUITY
ord cap, reserves	95.62	61.13%	110.17	62.04%	118.45	98.19%	136.67	91.43%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	95.62	61.13%	110.17	62.04%	118.45	98.19%	136.67	91.43%	m

OTHER
NAV Basic	137.90		158.90		172.90		204.30
NAV Diluted	137.90		158.90		172.90		204.30

Alpha Real Cash Flow Statement

	31 Mar 2016 (GBP)	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)
Operating CF	0.70	-1.07	-5.01	-1.06	m
Pre-Financing CF	-7.50	3.68	-	47.62	m
Retained CF	-11.13	1.48	0.40	51.85	m

Alpha Real Brokers

Broker infomation is not available for this class of stock.