Added to YB: 2023-12-09
Pitch date: 2023-12-08
STB.L [bullish]
Secure Trust Bank PLC
+70.22%
current return
Author Info
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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 5.99
Price Target
60.00 (+488%)
Dividend
4.05%
EV/EBITDA
N/A
P/E
5.81
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
A European bank at 0.4x tangible book value
STB.L: Simple bank at 0.4x TBV & 4x fwd P/E. Mgmt targets 15% RoE, implying £60m profits vs £120m mkt cap. No obvious credit issues, stepped back growth. Retail finance biz is gem: low risk, high yield. Make $ if no blow-up, good odds at price
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