Added to YB: 2024-07-25
Pitch date: 2024-07-24
STB.L [bullish]
Secure Trust Bank PLC
+35.54%
current return
Author Info
Company Info
Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance.
Market Cap
GBP 151.8M
Pitch Price
GBP 7.53
Price Target
N/A
Dividend
4.05%
EV/EBITDA
N/A
P/E
5.81
EV/Sales
N/A
Sector
Banks
Category
growth
Secure Trust Bank Research Report
STB.L: Specialist lender at 0.45x P/TBV, 5.1x P/E. Loan book growth to £4bn targeted by 2026, aiming for 14-16% ROE, >5.5% NIM, 44-46% CIR. Shift to interest-free credit (86% of retail finance). Strong growth in retail finance (18% CAGR 2017-23) but margins compressed. Competes with major banks and fintechs in point-of-sale finance. New BNPL product in development.
Read full article (20 min)