Picton Property Income Ld (PCTN)

[ADVERT]

Company name:	Picton Property Income Ld
EPIC:	PCTN	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB00B0LCW208
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.pictonproperty.co.uk/	Description:	ORD NPV
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
99.70	0.3 [0.30]	99.50	99.80	99.50	100.20	99.30	964,195
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
545.96	547.61	0.03	6.20	2.92	16.08	2.93	100.60 - 71.10

Picton Property Income Ld Key Figures

(at previous day's close)
Market Cap.	545.96	m
Shares In Issue	547.61	m
Prev. Close	99.40
PE Ratio	16.08
Dividend Yield	2.93	%
EPS - basic	6.20	p
Dividend PS	2.92	p
Dividend Cover	2.12
Cash Flow PS	3.39	p
Return On Equity (ROE)	6.40	%
Operating Margin	78.01	%
PEG Factor	0.31
EPS Growth Rate	51.22	%
Dividends PS Growth Rate	-10.15	%
Net Debt	160.92	m
Gross Gearing	25.86	%
Quick Assets	42.94	m
Net Working Capital	23.09	m
Intangibles / Fixed Assets	-	%
Turnover PS	7.91	p
Pre-Tax Profit PS	6.17	p
Retained Profit PS	3.43	p
Cash PS	4.27	p
Net Cash PS	0.64	p
Net Tangible Asset Value PS *	96.46	p
Net Asset Value PS	97.00	p
Spread	0.30 (0.30%)
* 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.

Picton Property Income Ld Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	100.20	97.60
4 weeks	100.20	94.60
12 weeks	100.60	92.50
1 year	100.60	71.10

Share Price Chart (5 years)

Picton Property Income Ld Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	98.60	1.10	1.12	97.60	0.97		98.79
4 weeks	97.50	2.20	2.26	94.60	1.01		98.60
12 weeks	97.00	2.70	2.78	92.50	0.67		97.41
26 weeks	87.00	12.70	14.60	85.50	0.72		94.23
1 year	71.10	28.60	40.23	71.10	0.88		88.67
3 years	84.10	15.60	18.55	49.70	1.03		83.47
5 years	76.75	22.95	29.90	49.70	0.91		84.07
† periods calculated are whole weeks rather than calendar months

Picton Property Income Ld Key Management Ratios

Picton Property Income Ld Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	7.60
PE Ratio	16.08
Tobin's Q Ratio	0.78
Tobin's Q Ratio (excl. intangibles)	0.78
Dividend Yield	2.93	%
Market-to-Book Ratio	1.03
Price-to-Pre-Tax Profit PS	16.15
Price-to-Retained Profit PS	29.04
Price-to-Cash Flow PS	29.40
Price-to-Sales PS	12.60
Price-to-Net Tangible Asset Value PS	1.03
Price-to-Cash PS	23.37
Net Working Capital PS	4.22
Price Pct to Working Capital PS	23.65	%
Earnings Yield	6.22	%
Average PE	17.72
Years in average	5
PE to PE average	90.76	%

Picton Property Income Ld Financial Ratios

(Leverage Ratios)
Debt Ratio	23.74	%
Debt-to-Equity Ratio	0.31
Debt-to-Equity Ratio (excl. Intgbl)	0.31
Debt-to-Equity Market Value	0.30
Net Gearing	22.59	%
Net Gearing (excl. Intangibles)	22.59	%
Gross Gearing	25.86	%
Gross Gearing (excl. Intangibles)	25.86	%
Gearing Under 1 Year	2.79	%
Gearing Under 1 Year (excl. Intgbl)	2.79	%
Assets/Equity	1.35
Cash/Equity	4.42
(Liquidity Ratios)
Net Working Capital to Total Assets	3.24	%
Current Ratio	2.16
Quick Ratio (Acid Test)	2.16
Liquidity Ratio	1.18
Cash & Equiv/Current Assets	54.39	%
(Solvency Ratios)
Enterprise Value	687.02	m
CFO/Sales	0.43
CFO/Attributable Profit	0.55
CFO/Assets	0.03
CFO/Debt	0.10
Total Debt/Equity Market Value	0.34
Total Debt/Sales	4.25
Total Debt/Pre-Tax Profit	5.45
Total Debt	184.27	m
Total Debt/Net Current Assets	7.98	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	2.84	%
5 yr Compound Earnings Growth	5.25	%
10 yr Compound Earnings Growth	4.22	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
0.0259	0.0317

Picton Property Income Ld Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.88	%
Return On Assets (ROA)	4.80	%
Net Profit Margin	78.01	%
Assets Turnover	0.06
Return On Equity (ROE)	6.40	%
Return On Investment (ROI)	4.94	%
Dividend Payout Ratio	47.10	%
Plowback Ratio	52.90	%
Growth from Plowback Ratio	3.45	%
Net Income Of Revenues	43.38	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.08
Fixed Assets Turnover	0.07
Current Assets Turnover	1.03
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	16.25
Debtors-to-Sales	42.91	%
Debt Collection Period	156.61	Days

Picton Property Income Ld Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Oct 2021	Interim	GBX	0.85	30/03/2021	30/09/2021	04/11/2021	05/11/2021	30/11/2021	-
28 Jul 2021	Interim	GBX	0.85	02/03/2021	30/06/2021	05/08/2021	06/08/2021	31/08/2021	-
30 Apr 2021	Interim	GBX	0.80	31/03/2020	31/03/2021	13/05/2021	14/05/2021	28/05/2021	2.92
28 Jan 2021	Interim	GBX	0.80	31/08/2020	31/12/2020	04/02/2021	05/02/2021	26/02/2021	-
26 Oct 2020	Interim	GBX	0.70	30/03/2020	30/09/2020	05/11/2020	06/11/2020	30/11/2020	-
24 Jul 2020	Interim	GBX	0.62	01/03/2020	30/06/2020	06/08/2020	07/08/2020	28/08/2020	-
28 Apr 2020	Interim	GBX	0.63	31/03/2019	31/03/2020	07/05/2020	11/05/2020	29/05/2020	3.25
03 Feb 2020	Interim	GBX	0.87	31/08/2019	31/12/2019	13/02/2020	14/02/2020	28/02/2020	-
24 Oct 2019	Interim	GBX	0.88	30/03/2019	30/09/2019	31/10/2019	01/11/2019	29/11/2019	-
29 Jul 2019	Interim	GBX	0.87	02/03/2019	30/06/2019	08/08/2019	09/08/2019	30/08/2019	-
24 May 2019	Interim	GBX	0.88	31/03/2018	31/03/2019	09/05/2019	10/05/2019	31/05/2019	3.50
23 Jan 2019	Interim	GBX	0.87	31/08/2018	31/12/2018	31/01/2019	01/02/2019	28/02/2019	-
23 Oct 2018	Interim	GBX	0.88	30/03/2018	30/09/2018	15/11/2018	16/11/2018	30/11/2018	-
24 Jul 2018	Interim	GBX	0.87	02/03/2018	30/06/2018	09/08/2018	10/08/2018	31/08/2018	-
24 Apr 2018	Interim	GBX	0.88	31/03/2017	31/03/2018	10/05/2018	11/05/2018	31/05/2018	3.45
24 Jan 2018	Interim	GBX	0.87	31/08/2017	31/12/2017	08/02/2018	09/02/2018	28/02/2018	-
15 Nov 2017	Interim	GBX	0.85	30/03/2017	30/09/2017	16/11/2017	17/11/2017	30/11/2017	-
25 Jul 2017	Interim	GBX	0.85	02/03/2017	30/06/2017	10/08/2017	11/08/2017	31/08/2017	-
25 Apr 2017	Interim	GBX	0.85	31/03/2016	31/03/2017	11/05/2017	12/05/2017	31/05/2017	3.35
24 Jan 2017	Interim	GBX	0.85	31/08/2016	31/12/2016	09/02/2017	10/02/2017	28/02/2017	-
15 Nov 2016	Interim	GBX	0.83	30/03/2016	30/09/2016	10/11/2016	11/11/2016	30/11/2016	-
20 Jul 2016	Interim	GBX	0.82	01/03/2016	30/06/2016	11/08/2016	12/08/2016	31/08/2016	-
20 Apr 2016	Interim	GBX	0.83	31/03/2015	31/03/2016	12/05/2016	13/05/2016	31/05/2016	3.30
21 Jan 2016	Interim	GBX	0.82	31/08/2015	31/12/2015	11/02/2016	12/02/2016	29/02/2016	-
17 Nov 2015	Interim	GBX	0.83	30/03/2015	30/09/2015	12/11/2015	13/11/2015	30/11/2015	-
28 Jul 2015	Interim	GBX	0.82	02/03/2015	30/06/2015	13/08/2015	14/08/2015	28/08/2015	-
20 Apr 2015	Interim	GBX	0.83	31/03/2014	31/03/2015	14/05/2015	15/05/2015	29/05/2015	3.08
21 Jan 2015	Interim	GBX	0.75	31/08/2014	31/12/2014	12/02/2015	13/02/2015	27/02/2015	-
20 Oct 2014	Interim	GBX	0.75	30/03/2014	30/09/2014	13/11/2014	14/11/2014	28/11/2014	-
23 Jul 2014	Interim	GBX	0.75	02/03/2014	30/06/2014	13/08/2014	15/08/2014	29/08/2014	-
23 Apr 2014	Interim	GBX	0.75	31/03/2013	31/03/2014	14/05/2014	16/05/2014	30/05/2014	3.00
22 Jan 2014	Interim	GBX	0.75	31/08/2013	31/12/2013	12/02/2014	14/02/2014	28/02/2014	-
22 Oct 2013	Interim	GBX	0.75	30/03/2013	30/09/2013	13/11/2013	15/11/2013	29/11/2013	-
24 Jul 2013	Interim	GBX	0.75	02/03/2013	30/06/2013	14/08/2013	16/08/2013	30/08/2013	-
29 Apr 2013	Interim	GBX	0.75	01/12/2012	31/03/2013	15/05/2013	17/05/2013	31/05/2013	3.25
28 Jan 2013	Interim	GBX	0.75	31/08/2012	31/12/2012	13/02/2013	15/02/2013	28/02/2013	-
24 Oct 2012	Interim	GBX	0.75	30/05/2012	30/09/2012	14/11/2012	16/11/2012	30/11/2012	-
31 Jul 2012	Interim	GBX	1.00	01/03/2012	30/06/2012	08/08/2012	10/08/2012	24/08/2012	-
25 Apr 2012	Interim	GBX	1.00	01/12/2011	31/03/2012	09/05/2012	11/05/2012	25/05/2012	4.00
26 Jan 2012	Interim	GBX	1.00	31/08/2011	31/12/2011	08/02/2012	10/02/2012	24/02/2012	-
25 Oct 2011	Interim	GBX	1.00	30/05/2011	30/09/2011	09/11/2011	11/11/2011	25/11/2011	-
28 Jul 2011	Interim	GBX	1.00	02/03/2011	30/06/2011	10/08/2011	12/08/2011	26/08/2011	-
27 Apr 2011	Interim	GBX	0.75	01/12/2010	31/03/2011	11/05/2011	13/05/2011	27/05/2011	3.75
31 Jan 2011	Interim	GBX	1.00	31/08/2010	31/12/2010	09/02/2011	11/02/2011	28/02/2011	-
25 Oct 2010	Interim	GBX	1.00	30/05/2010	30/09/2010	10/11/2010	12/11/2010	30/11/2010	-
29 Jul 2010	Interim	GBX	1.00	02/03/2010	30/06/2010	11/08/2010	13/08/2010	31/08/2010	-
15 Apr 2010	Quarterly	GBX	1.00	01/12/2009	31/03/2010	05/05/2010	07/05/2010	28/05/2010	-
03 Feb 2010	Quarterly	GBX	1.00	31/08/2009	31/12/2009	10/02/2010	12/02/2010	26/02/2010	4.00
09 Oct 2009	Quarterly	GBX	1.00	30/05/2009	30/09/2009	11/11/2009	13/11/2009	30/11/2009	-
28 Jul 2009	Quarterly	GBX	1.00	02/03/2009	30/06/2009	12/08/2009	14/08/2009	28/08/2009	-
03 Feb 2009	Quarterly	GBX	1.00	31/08/2008	31/12/2008	11/02/2009	13/02/2009	27/02/2009	5.12
04 Nov 2008	Quarterly	GBX	1.00	30/05/2008	30/09/2008	12/11/2008	14/11/2008	28/11/2008	-
06 Aug 2008	Quarterly	GBX	1.56	01/03/2008	30/06/2008	13/08/2008	15/08/2008	29/08/2008	-
08 May 2008	Quarterly	GBX	1.56	01/12/2007	31/03/2008	14/05/2008	16/05/2008	30/05/2008	-
05 Feb 2008	Final	GBX	1.56	31/08/2007	31/12/2007	13/02/2008	15/02/2008	29/02/2008	6.25
31 Oct 2007	Quarterly	GBX	1.56	30/05/2007	30/09/2007	14/11/2007	16/11/2007	30/11/2007	-
09 Aug 2007	Quarterly	GBX	1.56	02/03/2007	30/06/2007	15/08/2007	17/08/2007	31/08/2007	-
10 May 2007	Quarterly	GBX	1.56	01/12/2006	31/03/2007	16/05/2007	18/05/2007	31/05/2007	-
05 Feb 2007	Final	GBX	1.56	31/08/2006	31/12/2006	14/02/2007	16/02/2007	28/02/2007	6.25
02 Nov 2006	Quarterly	GBX	1.56	30/05/2006	30/09/2006	08/11/2006	10/11/2006	30/11/2006	-
10 Aug 2006	Quarterly	GBX	1.56	02/03/2006	30/06/2006	16/08/2006	18/08/2006	31/08/2006	-
11 May 2006	Quarterly	GBX	1.56	01/12/2005	31/03/2006	17/05/2006	19/05/2006	31/05/2006	-
09 Feb 2006	Final	GBX	1.16	31/12/2004	31/12/2005	15/02/2006	17/02/2006	28/02/2006	1.16

Picton Property Income Ld Fundamentals

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)
turnover	48.78	100.00%	47.73	100.00%	45.66	100.00%	43.33	100.00%	m
pre tax profit	23.13	47.42%	31.41	65.81%	22.38	49.02%	33.80	78.01%	m
attributable profit	22.63	46.38%	30.96	64.85%	22.51	49.29%	33.80	78.01%	m
retained profit	4.14	8.48%	12.10	25.34%	3.47	7.60%	18.80	43.38%	m
eps - basic (p)	4.20		5.70		4.10		6.20
eps - diluted (p)	4.20		5.70		4.10		6.20
dividends per share	3.45		3.50		3.25		2.92

Picton Property Income Ld Balance Sheet

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)


	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)
ASSETS
fixed assets	0.01	0.00%	0.03	0.00%	0.02	0.00%	4.11	0.58%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	670.67	92.98%	676.10	94.48%	654.49	94.08%	665.42	93.40%	m
current assets - other	3.85	0.53%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	15.27	2.12%	14.31	2.00%	17.60	2.53%	19.58	2.75%	m
cash & securities	31.51	4.37%	25.17	3.52%	23.57	3.39%	23.36	3.28%	m

TOTAL	721.31	100%	715.60	100%	695.67	100%	712.47	100%	m

LIABILITIES
creditors - short	22.29	3.09%	23.34	3.26%	20.43	2.94%	19.86	2.79%	m
creditors - long	211.66	29.34%	192.85	26.95%	165.96	23.86%	164.42	23.08%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	233.96	32.43%	216.19	30.21%	186.39	26.79%	184.27	25.86%	m

EQUITY
ord cap, reserves	487.36	67.57%	499.42	69.79%	509.28	73.21%	528.20	74.14%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	487.36	67.57%	499.42	69.79%	509.28	73.21%	528.20	74.14%	m

OTHER
NAV Basic	90.00		93.00		93.00		97.00
NAV Diluted	90.00		93.00		93.00		97.00

Picton Property Income Ld Cash Flow Statement

	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)	31 Mar 2021 (GBP)
Operating CF	25.64	25.28	13.54	18.57	m
Pre-Financing CF	7.82	35.53	38.54	17.27	m
Retained CF	-2.37	-6.34	-1.60	-0.21	m

Picton Property Income Ld Brokers

Broker infomation is not available for this class of stock.