BlackRock World Mining Trust (BRWM)

Sector:

Investment Firms

Index:

FTSE 250

569.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 631.00p
  • 52 Week Low: 492.50p
  • Currency: UK Pounds
  • Shares Issued: 191.18m
  • Volume: 243,154
  • Market Cap: £1,087.83m
  • RiskGrade: 138

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 5.7% 5.7% 7.2% 3.9% 5.7%
           
Continuing Operations          
PE Ratio - Adjusted 17.3 17.1 13.5 25.6 17.1
PE Ratio - Diluted 17.3
17.0		 17.1
16.6		 13.5
13.5		 25.6
25.6		 17.1
17.1
PEG - Adjusted n/a n/a 0.1 n/a 0.7
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a		 0.7
0.7
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 109.58%
109.58%		 98.13%
98.13%		 96.25%
96.25%		 93.31%
93.31%		 94.42%
94.42%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.3 17.1 1,338.6 25.6 17.1
PE Ratio - Diluted 17.3
14.4		 17.1
16.0		 1,338.6
1,338.7		 25.6
25.6		 17.1
17.1
PEG - Adjusted n/a 0.0 n/a n/a 0.0
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 12.00% 9.95% 9.88% 12.72% 11.79%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.9 1.0 0.9 1.0 0.9
Price/Tangible Book Value 0.9 1.0 0.9 1.0 0.9
Price/ Cash Flow 21.6 24.3 (97.7) 65.3 21.3
Price/Revenue 14.60 14.67 1,204.86 22.92 14.50
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 620.79p 717.69p 631.29p 535.76p 429.85p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 75.14 86.00 0.89 39.58 46.51
EBITDA 82.34
82.34		 84.39
84.39		 0.85
0.85		 36.93
36.93		 43.92
43.92
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest (1.18)
(1.18)		 (0.37)
(0.37)		 n/a
n/a		 (0.42)
(0.42)		 (0.90)
(0.90)
Profit Before Tax 69.12
69.12		 81.16
81.16		 0.85
0.85		 36.50
36.50		 43.02
43.02
           
Revenue per Share 40.21p 47.50p 0.49p 22.78p 26.41p
Pre-Tax Profit per Share 36.99p
36.99p		 44.83p
44.83p		 0.47p
0.47p		 21.01p
21.01p		 24.43p
24.43p
Market Capitalisation £ (Millions) 1,107.98 1,280.26 1,136.84 1,007.52 669.43
Enterprise Value (EV) £ (Millions) 1,259.22 1,411.86 1,275.40 1,129.31 759.68
EBITDA/EV 6.54%
6.54%		 5.98%
5.98%		 0.07%
0.07%		 3.27%
3.27%		 5.78%
5.78%
Operating Margin 109.58%
109.58%		 98.13%
98.13%		 96.25%
96.25%		 93.31%
93.31%		 94.42%
94.42%
Capital Employed £ (Millions) 1,310.36 1,458.63 1,282.73 1,055.89 847.92
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 1,160.61 1,299.92 1,143.51 931.04 757.23
           
Earnings per Share - Basic 33.95p
34.62p		 40.68p
41.99p		 43.59p
43.59p		 20.40p
20.41p		 22.46p
22.46p
Earnings per Share - Diluted 33.95p
34.62p		 40.68p
41.99p		 43.59p
43.59p		 20.40p
20.41p		 22.46p
22.46p
Earnings per Share - Adjusted 33.95p 40.68p 43.59p 20.40p 22.46p
Earnings per Share Growth - Basic -16%
-18%		 -7%
-4%		 114%
114%		 -9%
-9%		 24%
24%
Earnings per Share Growth - Diluted -16%
-18%		 -7%
-4%		 114%
114%		 -9%
-9%		 24%
24%
Earnings per Share Growth - Adjusted -16% -7% 114% -9% 24%
PE Ratio - Diluted 17.3
17.0		 17.1
16.6		 13.5
13.5		 25.6
25.6		 17.1
17.1
PEG - Diluted n/a
n/a		 n/a
n/a		 0.1
0.1		 n/a
n/a		 0.7
0.7
Tax Rate 7.45% 6.29% 6.08% 2.88% 8.05%
Dividend Cover 1.01
1.03		 1.02
1.05		 1.03
1.03		 1.00
1.01		 1.02
1.02
Interest Cover 59.47
59.47		 218.01
218.01		 225.64
225.64		 87.09
87.09		 49.02
49.02
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 33.95p
40.68p		 40.68p
43.59p		 0.44p
0.44p		 20.40p
20.41p		 22.46p
22.46p
Earnings per Share - Diluted 33.95p
40.68p		 40.68p
43.59p		 0.44p
0.44p		 20.40p
20.41p		 22.46p
22.46p
Earnings per Share - Adjusted 33.95p 40.68p 0.44p 20.40p 22.46p
Earnings per Share Growth - Basic -16%
-7%		 9,146%
9,807%		 -98%
-98%		 -9%
-9%		 1,138%
1,138%
Earnings per Share Growth - Diluted -16%
-7%		 9,146%
9,807%		 -98%
-98%		 -9%
-9%		 1,138%
1,138%
Earnings per Share Growth - Adjusted -16% 9,146% -98% -9% 1,138%
PE Ratio - Diluted 17.3
14.4		 17.1
16.0		 1,338.6
1,338.7		 25.6
25.6		 17.1
17.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 1.01
1.21		 1.02
1.09		 0.01
0.01		 1.00
1.01		 1.02
1.02
Return on Equity (ROE) 6.55%
6.55%		 6.07%
6.07%		 0.07%
0.07%		 3.81%
3.81%		 5.22%
5.22%
Operating Cash Flow per Share 27.23p 28.71p (6.03p) 7.99p 17.99p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.14p) 1.99p 0.24p (9.53p) (19.19p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 33.50p 40.00p 42.50p 20.30p 22.00p
Dividend per Share Growth (16.25%) (5.88%) 109.36% (7.73%) 22.22%
Dividend Yield 5.7% 5.7% 7.2% 3.9% 5.7%
Shareholders Funds 1,160.05 1,299.29 1,142.87 930.83 757.11
Net Borrowings £ (Millions) 148.17 109.73 112.89 118.43 89.28
Net Asset Value per Share (inc. Intangibles) 620.79p 717.69p 631.29p 535.76p 429.85p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 1,160.05 1,299.29 1,142.87 930.83 757.11
Net Borrowings £ (Millions) 148.17 109.73 112.89 118.43 89.28
Net Gearing 12.00% 9.95% 9.88% 12.72% 11.79%
Cash & Near Cash 10.61 29.49 26.33 6.42 1.40
Cash 0.91% 2.27% 2.30% 0.69% 0.18%
Gross Borrowings 158.78 139.22 139.22 124.85 90.68
Gross Gearing 12.92% 12.22% 12.18% 13.41% 11.98%
Borrowings Under 5 years 158.78 139.22 139.22 124.85 90.68
Under 5 years 13.69% 10.72% 12.18% 13.41% 11.98%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 1,160.05 1,299.29 1,142.87 930.83 757.11
Net Borrowings £ (Millions) 148.17 109.73 112.89 118.43 89.28
Net Gearing 12.00% 9.95% 9.88% 12.72% 11.79%
Cash & Near Cash 10.61 29.49 26.33 6.42 1.40
Cash 0.91% 2.27% 2.30% 0.69% 0.18%
Gross Borrowings 158.78 139.22 139.22 124.85 90.68
Gross Gearing 12.92% 12.22% 12.18% 13.41% 11.98%
Borrowings Under 5 years 158.78 139.22 139.22 124.85 90.68
Under 5 years 13.69% 10.72% 12.18% 13.41% 11.98%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 0.13 0.29 0.22 0.12 0.07

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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