Baring Emerging Europe (BEE)

Company name:	Baring Emerging Europe Plc
EPIC:	BEE	Trading Currency:	GBX
Market Sector:	ON15	ISIN:	GB0032273343
Market Segment:	SET3	Share Type:	DE
WWW Address:	http://www.bee-plc.com/	Description:	ORD 10P
Industry Sector:	GENERAL FINANCIAL

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
596.00	-2.0 [-0.33]	592.00	600.00	-	-	-	4,628
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
78.80	13.22	0.37	35.09	35.00	16.98	5.87	930.00 - 448.00

Baring Emerging Europe Key Figures

(at previous day's close)
Market Cap.	78.80	m
Shares In Issue	13.22	m
Prev. Close	598.00
PE Ratio	16.98
Dividend Yield	5.87	%
EPS - basic	35.09	p
Dividend PS	35.00	p
Dividend Cover	1.00
Cash Flow PS	-	p
Return On Equity (ROE)	4.58	%
Operating Margin	85.15	%
PEG Factor	0.41
EPS Growth Rate	41.66	%
Dividends PS Growth Rate	2.94	%
Net Debt	6.52	m
Gross Gearing	7.99	%
Quick Assets	3.75	m
Net Working Capital	-6.31	m
Intangibles / Fixed Assets	-	%
Turnover PS	47.76	p
Pre-Tax Profit PS	40.67	p
Retained Profit PS	6.13	p
Cash PS	26.71	p
Net Cash PS	-49.33	p
Net Tangible Asset Value PS *	875.72	p
Net Asset Value PS	930.81	p
Spread	8.00 (1.33%)
* 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.

Baring Emerging Europe Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	608.00	502.00
4 weeks	640.00	448.00
12 weeks	930.00	448.00
1 year	930.00	448.00

Share Price Chart (5 years)

Baring Emerging Europe Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	502.00	94.00	18.73	502.00	0.01		563.65
4 weeks	640.00	-44.00	-6.88	448.00	0.02		506.21
12 weeks	915.00	-319.00	-34.86	448.00	0.02		676.94
26 weeks	800.00	-204.00	-25.50	448.00	0.02		752.58
1 year	756.00	-160.00	-21.16	448.00	0.01		775.42
3 years	699.00	-103.00	-14.74	448.00	0.01		745.49
5 years	560.00	36.00	6.43	391.00	0.01		679.05
† periods calculated are whole weeks rather than calendar months

Baring Emerging Europe Key Management Ratios

Baring Emerging Europe Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	16.98
Tobin's Q Ratio	0.65
Tobin's Q Ratio (excl. intangibles)	0.65
Dividend Yield	5.87	%
Market-to-Book Ratio	0.68
Price-to-Pre-Tax Profit PS	14.66
Price-to-Retained Profit PS	97.29
Price-to-Cash Flow PS	-
Price-to-Sales PS	12.48
Price-to-Net Tangible Asset Value PS	0.64
Price-to-Cash PS	22.31
Net Working Capital PS	-47.69
Price Pct to Working Capital PS	-12.50	%
Earnings Yield	5.89	%
Average PE	28.81
Years in average	4
PE to PE average	58.95	%

Baring Emerging Europe Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	5.18	%
Net Gearing (excl. Intangibles)	5.18	%
Gross Gearing	7.99	%
Gross Gearing (excl. Intangibles)	7.99	%
Gearing Under 1 Year	7.99	%
Gearing Under 1 Year (excl. Intgbl)	7.99	%
Assets/Equity	1.09
Cash/Equity	3.05
(Liquidity Ratios)
Net Working Capital to Total Assets	-5.01	%
Current Ratio	0.37
Quick Ratio (Acid Test)	0.37
Liquidity Ratio	0.35
Cash & Equiv/Current Assets	94.21	%
(Solvency Ratios)
Enterprise Value	75.27	m
CFO/Sales	-
CFO/Attributable Profit	-
CFO/Assets	-
CFO/Debt	-
Total Debt/Equity Market Value	0.13
Total Debt/Sales	1.59
Total Debt/Pre-Tax Profit	1.87
Total Debt	10.05	m
Total Debt/Net Current Assets	-1.59	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	16.30	%
5 yr Compound Earnings Growth	9.74	%
10 yr Compound Earnings Growth	28.27	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.3697	0.2012

Baring Emerging Europe Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.64	%
Return On Assets (ROA)	4.35	%
Net Profit Margin	83.93	%
Assets Turnover	0.05
Return On Equity (ROE)	4.58	%
Return On Investment (ROI)	4.73	%
Dividend Payout Ratio	99.74	%
Plowback Ratio	0.26	%
Growth from Plowback Ratio	0.01	%
Net Income Of Revenues	12.83	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.06
Fixed Assets Turnover	0.05
Current Assets Turnover	1.83
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	19.31
Debtors-to-Sales	13.28	%
Debt Collection Period	48.46	Days

Baring Emerging Europe Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
06 Dec 2019	Final	GBX	20.00	30/09/2018	30/09/2019	09/01/2020	10/01/2020	14/02/2020	35.00
15 May 2019	Interim	GBX	15.00	01/10/2018	31/03/2019	23/05/2019	24/05/2019	28/06/2019	-
23 Nov 2018	Final	GBX	20.00	30/09/2017	30/09/2018	10/01/2019	11/01/2019	15/02/2019	34.00
09 May 2018	Interim	GBX	14.00	01/10/2017	31/03/2018	17/05/2018	18/05/2018	27/06/2018	-
06 Dec 2017	Final	GBX	19.00	30/09/2016	30/09/2017	11/01/2018	12/01/2018	16/02/2018	32.00
17 May 2017	Interim	GBX	13.00	01/10/2016	31/03/2017	25/05/2017	26/05/2017	23/06/2017	-
09 Dec 2016	Final	GBX	23.00	30/09/2015	30/09/2016	19/01/2017	20/01/2017	16/02/2017	23.00
26 Nov 2015	Final	GBX	23.00	30/09/2014	30/09/2015	31/12/2015	04/01/2016	02/02/2016	23.00
25 Nov 2014	Final	GBX	19.00	30/09/2013	30/09/2014	02/01/2015	05/01/2015	02/02/2015	19.00
28 Nov 2013	Final	GBX	19.00	30/09/2012	30/09/2013	18/12/2013	20/12/2013	03/02/2014	19.00
29 Nov 2012	Final	GBX	16.00	30/09/2011	30/09/2012	12/12/2012	14/12/2012	01/02/2013	16.00
20 Dec 2011	Final	GBX	10.00	30/09/2010	30/09/2011	04/01/2012	06/01/2012	01/02/2012	10.00
01 Dec 2010	Final	GBX	2.90	30/09/2009	30/09/2010	05/01/2011	07/01/2011	02/02/2011	2.90
03 Dec 2009	Final	GBX	8.50	30/09/2008	30/09/2009	06/01/2010	08/01/2010	04/02/2010	8.50
03 Dec 2008	Final	GBX	9.00	30/09/2007	30/09/2008	07/01/2009	09/01/2009	04/02/2009	9.00
30 Nov 2007	Final	GBX	0.50	30/09/2006	30/09/2007	09/01/2008	11/01/2008	06/02/2008	0.50
30 Nov 2006	Final	GBX	2.70	30/09/2005	30/09/2006	10/01/2007	12/01/2007	07/02/2007	2.70
01 Dec 2005	Final	GBX	1.50	30/09/2004	30/09/2005	18/01/2006	20/01/2006	17/02/2006	1.50
10 Nov 2004	Final	GBX	2.00	30/09/2003	30/09/2004	19/01/2005	21/01/2005	18/02/2005	2.00
19 Nov 2003	Final	GBX	1.10	30/09/2002	30/09/2003	21/01/2004	23/01/2004	20/02/2004	1.10

Baring Emerging Europe Fundamentals

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
turnover	5.36	100.00%	5.15	100.00%	5.04	100.00%	6.32	100.00%	m
pre tax profit	4.15	77.46%	3.78	73.38%	3.95	78.49%	5.38	85.15%	m
attributable profit	3.62	67.56%	3.29	64.01%	3.39	67.28%	5.30	83.93%	m
retained profit	-0.29	-5.31%	-2.20	-42.79%	-1.15	-22.90%	0.81	12.83%	m
eps - basic (p)	21.39		22.31		24.77		35.09
eps - diluted (p)	21.39		22.31		24.77		35.09
dividends per share	23.00		32.00		34.00		35.00

Baring Emerging Europe Balance Sheet

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)


	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	124.53	95.84%	131.22	98.17%	114.83	97.32%	122.09	97.02%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	3.47	2.67%	1.68	1.26%	1.46	1.24%	0.22	0.17%	m
cash & securities	1.93	1.49%	0.76	0.57%	1.71	1.45%	3.53	2.81%	m

TOTAL	129.93	100%	133.66	100%	117.99	100%	125.84	100%	m

LIABILITIES
creditors - short	11.48	8.84%	10.49	7.85%	9.66	8.19%	10.05	7.99%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	11.48	8.84%	10.49	7.85%	9.66	8.19%	10.05	7.99%	m

EQUITY
ord cap, reserves	118.45	91.16%	123.17	92.15%	108.33	91.81%	115.79	92.01%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	118.45	91.16%	123.17	92.15%	108.33	91.81%	115.79	92.01%	m

OTHER
NAV Basic	722.82		877.99		824.76		930.81
NAV Diluted	722.82		877.99		824.76		930.81

Baring Emerging Europe Cash Flow Statement

	30 Sep 2016 (GBP)	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)	30 Sep 2019 (GBP)
Operating CF	-	-	-	-	m
Pre-Financing CF	-	-	-	-	m
Retained CF	-	-	-	-	m

Baring Emerging Europe Brokers

Name	Activity	Type	Mnemonic	Code
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Cenkos Securities Plc	Market Maker(MME)	Broker/Dealer	CNKS	CNKOGB21
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Oriel Securities Limited	Market Maker(MME)	Broker/Dealer	OREL	ORSNGB21
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC