Twentyfour Income (TFIF)

Company name:	Twentyfour Income Fund Limited
EPIC:	TFIF	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GG00B90J5Z95
Market Segment:	SSMM	Share Type:	DE
WWW Address:		Description:	ORD RED 1P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
101.00	-0.5 [-0.49]	101.00	102.00	100.50	101.00	100.50	374,949
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
513.60	508.51	0.02	24.99	6.00	4.04	5.94	117.00 - 100.00

Twentyfour Income Key Figures

(at previous day's close)
Market Cap.	513.60	m
Shares In Issue	508.51	m
Prev. Close	101.50
PE Ratio	4.04
Dividend Yield	5.94	%
EPS - basic	24.99	p
Dividend PS	6.00	p
Dividend Cover	4.17
Cash Flow PS	6.90	p
Return On Equity (ROE)	22.15	%
Operating Margin	339.26	%
PEG Factor	0.01
EPS Growth Rate	294.17	%
Dividends PS Growth Rate	-6.25	%
Net Debt	18.58	m
Gross Gearing	4.99	%
Quick Assets	15.02	m
Net Working Capital	-15.08	m
Intangibles / Fixed Assets	-	%
Turnover PS	7.36	p
Pre-Tax Profit PS	24.97	p
Retained Profit PS	24.97	p
Cash PS	2.26	p
Net Cash PS	-3.65	p
Net Tangible Asset Value PS *	112.75	p
Net Asset Value PS	112.75	p
Spread	1.00 (0.98%)
* 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.

Twentyfour Income Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	104.00	100.50
4 weeks	108.50	100.00
12 weeks	110.00	100.00
1 year	117.00	100.00

Share Price Chart (5 years)

Twentyfour Income Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	103.00	-2.00	-1.94	100.50	0.40		102.23
4 weeks	107.00	-6.00	-5.61	100.00	1.01		104.88
12 weeks	109.00	-8.00	-7.34	100.00	0.96		106.41
26 weeks	115.00	-14.00	-12.17	100.00	1.08		108.71
1 year	109.50	-8.50	-7.76	100.00	0.88		110.28
3 years	114.50	-13.50	-11.79	74.20	0.86		106.47
5 years	119.50	-18.50	-15.48	74.20	0.78		110.07
† periods calculated are whole weeks rather than calendar months

Twentyfour Income Key Management Ratios

Twentyfour Income Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	0.73
PE Ratio	4.04
Tobin's Q Ratio	0.93
Tobin's Q Ratio (excl. intangibles)	0.93
Dividend Yield	5.94	%
Market-to-Book Ratio	0.90
Price-to-Pre-Tax Profit PS	4.04
Price-to-Retained Profit PS	4.04
Price-to-Cash Flow PS	14.63
Price-to-Sales PS	13.72
Price-to-Net Tangible Asset Value PS	0.90
Price-to-Cash PS	44.60
Net Working Capital PS	-2.97
Price Pct to Working Capital PS	-34.06	%
Earnings Yield	24.74	%
Average PE	22.26
Years in average	4
PE to PE average	18.15	%

Twentyfour Income Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	3.08	%
Net Gearing (excl. Intangibles)	3.08	%
Gross Gearing	4.99	%
Gross Gearing (excl. Intangibles)	4.99	%
Gearing Under 1 Year	4.99	%
Gearing Under 1 Year (excl. Intgbl)	4.99	%
Assets/Equity	1.05
Cash/Equity	2.01
(Liquidity Ratios)
Net Working Capital to Total Assets	-2.50	%
Current Ratio	0.50
Quick Ratio (Acid Test)	0.50
Liquidity Ratio	0.38
Cash & Equiv/Current Assets	76.68	%
(Solvency Ratios)
Enterprise Value	502.08	m
CFO/Sales	0.94
CFO/Attributable Profit	0.28
CFO/Assets	0.06
CFO/Debt	1.17
Total Debt/Equity Market Value	0.06
Total Debt/Sales	0.80
Total Debt/Pre-Tax Profit	0.24
Total Debt	30.10	m
Total Debt/Net Current Assets	-2.00	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	143.54	%
5 yr Compound Earnings Growth	10.45	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
0.0194	0.0161

Twentyfour Income Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	22.15	%
Return On Assets (ROA)	23.00	%
Net Profit Margin	339.26	%
Assets Turnover	0.07
Return On Equity (ROE)	22.15	%
Return On Investment (ROI)	24.22	%
Dividend Payout Ratio	24.01	%
Plowback Ratio	75.99	%
Growth from Plowback Ratio	18.40	%
Net Income Of Revenues	339.26	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.07
Fixed Assets Turnover	0.07
Current Assets Turnover	3.71
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	14.75
Debtors-to-Sales	9.67	%
Debt Collection Period	35.29	Days

Twentyfour Income Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
12 Apr 2022	Interim	GBX	2.27	31/03/2021	31/03/2022	21/04/2022	22/04/2022	06/05/2022	6.77
13 Jan 2022	Interim	GBX	1.50	31/08/2021	31/12/2021	20/01/2022	21/01/2022	04/02/2022	-
14 Oct 2021	Interim	GBX	1.50	30/05/2021	30/09/2021	21/10/2021	22/10/2021	05/11/2021	-
08 Jul 2021	Interim	GBX	1.50	02/03/2021	30/06/2021	15/07/2021	16/07/2021	30/07/2021	-
13 Apr 2021	Interim	GBX	1.50	01/12/2020	31/03/2021	22/04/2021	23/04/2021	07/05/2021	6.00
14 Jan 2021	Interim	GBX	1.50	31/08/2020	31/12/2020	21/01/2021	22/01/2021	05/02/2021	-
08 Oct 2020	Interim	GBX	1.50	30/05/2020	30/09/2020	15/10/2020	16/10/2020	30/10/2020	-
09 Jul 2020	Interim	GBX	1.50	01/03/2020	30/06/2020	16/07/2020	17/07/2020	31/07/2020	-
07 Apr 2020	Interim	GBX	1.90	01/12/2019	31/03/2020	16/04/2020	17/04/2020	30/04/2020	6.40
09 Jan 2020	Interim	GBX	1.50	31/08/2019	31/12/2019	16/01/2020	17/01/2020	31/01/2020	-
10 Oct 2019	Interim	GBX	1.50	30/05/2019	30/09/2019	17/10/2019	18/10/2019	31/10/2019	-
11 Jul 2019	Interim	GBX	1.50	02/03/2019	30/06/2019	18/07/2019	19/07/2019	31/07/2019	-
11 Apr 2019	Interim	GBX	1.50	01/12/2018	31/03/2019	18/04/2019	23/04/2019	30/04/2019	6.00
10 Jan 2019	Interim	GBX	1.50	31/08/2018	31/12/2018	17/01/2019	18/01/2019	31/01/2019	-
11 Oct 2018	Interim	GBX	1.50	30/05/2018	30/09/2018	18/10/2018	19/10/2018	31/10/2018	-
12 Jul 2018	Interim	GBX	1.50	02/03/2018	30/06/2018	19/07/2018	20/07/2018	31/07/2018	-
12 Apr 2018	Interim	GBX	1.50	01/12/2017	31/03/2018	19/04/2018	20/04/2018	30/04/2018	6.00
11 Jan 2018	Interim	GBX	1.50	31/08/2017	31/12/2017	18/01/2018	19/01/2018	31/01/2018	-
12 Oct 2017	Interim	GBX	1.50	30/05/2017	30/09/2017	19/10/2017	20/10/2017	31/10/2017	-
13 Jul 2017	Interim	GBX	1.50	02/03/2017	30/06/2017	20/07/2017	21/07/2017	31/07/2017	-
11 Apr 2017	Interim	GBX	2.49	01/12/2016	31/03/2017	20/04/2017	21/04/2017	28/04/2017	6.99
12 Jan 2017	Interim	GBX	1.50	31/08/2016	31/12/2016	19/01/2017	20/01/2017	31/01/2017	-
13 Oct 2016	Interim	GBX	1.50	30/05/2016	30/09/2016	20/10/2016	21/10/2016	31/10/2016	-
07 Jul 2016	Interim	GBX	1.50	01/03/2016	30/06/2016	14/07/2016	15/07/2016	29/07/2016	-
29 Feb 2016	Interim	GBX	1.50	01/12/2015	31/03/2016	03/03/2016	04/03/2016	29/04/2016	6.00
14 Jan 2016	Interim	GBX	1.50	31/08/2015	31/12/2015	21/01/2016	22/01/2016	29/01/2016	-
08 Oct 2015	Interim	GBX	1.50	30/05/2015	30/09/2015	15/10/2015	16/10/2015	30/10/2015	-
09 Jul 2015	Interim	GBX	1.50	02/03/2015	30/06/2015	16/07/2015	17/07/2015	31/07/2015	-
09 Apr 2015	Interim	GBX	1.50	01/12/2014	31/03/2015	16/04/2015	17/04/2015	30/04/2015	6.00
08 Jan 2015	Interim	GBX	1.50	31/08/2014	31/12/2014	15/01/2015	16/01/2015	30/01/2015	-
09 Oct 2014	Interim	GBX	1.50	30/05/2014	30/09/2014	16/10/2014	17/10/2014	31/10/2014	-
10 Jul 2014	Interim	GBX	1.50	02/03/2014	30/06/2014	16/07/2014	18/07/2014	31/07/2014	-
10 Apr 2014	Interim	GBX	1.25	01/12/2013	31/03/2014	16/04/2014	22/04/2014	30/04/2014	5.00
09 Jan 2014	Interim	GBX	1.25	31/08/2013	31/12/2013	15/01/2014	17/01/2014	31/01/2014	-
03 Oct 2013	Interim	GBX	1.25	30/05/2013	30/09/2013	09/10/2013	11/10/2013	25/10/2013	-
11 Jul 2013	Interim	GBX	1.25	02/03/2013	30/06/2013	17/07/2013	19/07/2013	31/07/2013	-

Twentyfour Income Fundamentals

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)		31 Mar 2021 (GBP)
turnover	29.49	100.00%	27.17	100.00%	32.73	100.00%	37.43	100.00%	m
pre tax profit	45.07	152.83%	6.97	25.65%	-64.86	-198.17%	127.00	339.26%	m
attributable profit	45.07	152.83%	6.97	25.65%	-64.86	-198.17%	127.00	339.26%	m
retained profit	45.07	152.83%	6.97	25.65%	-64.86	-198.17%	127.00	339.26%	m
eps - basic (p)	11.40		1.73		-12.87		24.99
eps - diluted (p)	11.40		1.73		-12.87		24.99
dividends per share	6.00		6.00		6.40		6.00

Twentyfour Income 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	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	461.47	96.43%	491.65	91.28%	495.71	98.97%	588.45	97.51%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	5.45	1.14%	10.48	1.95%	3.74	0.75%	3.50	0.58%	m
cash & securities	11.62	2.43%	36.51	6.78%	1.41	0.28%	11.52	1.91%	m

TOTAL	478.54	100%	538.63	100%	500.86	100%	603.46	100%	m

LIABILITIES
creditors - short	8.53	1.78%	38.17	7.09%	25.49	5.09%	30.10	4.99%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	8.53	1.78%	38.17	7.09%	25.49	5.09%	30.10	4.99%	m

EQUITY
ord cap, reserves	470.01	98.22%	500.47	92.91%	475.37	94.91%	573.36	95.01%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	470.01	98.22%	500.47	92.91%	475.37	94.91%	573.36	95.01%	m

OTHER
NAV Basic	118.75		113.28		94.19		112.75
NAV Diluted	118.75		113.28		94.19		112.75

Twentyfour Income Cash Flow Statement

	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)	31 Mar 2021 (GBP)
Operating CF	14.73	4.77	-101.44	35.10	m
Pre-Financing CF	14.73	4.77	-101.44	35.10	m
Retained CF	-12.94	24.88	-35.12	10.15	m

Twentyfour Income Brokers

Broker infomation is not available for this class of stock.