# Baronsmead Second Venture Trust Plc (BMD.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 44p, market value 187 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Baronsmead Second Venture Trust Plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 41.4×**. Each dollar of revenue is priced at 41.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -1.0%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -181.7%**. Baronsmead Second Venture Trust Plc keeps -181.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -617.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 77.8%**. 77.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.2%**. 1.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -12.8%**. Return on all capital, debt included, is -12.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -12.5%**. Each dollar of assets produces -12.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -82.5%** (5-yr -17.0%/yr). Revenue fell 82.5% over the last year, against -17.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -81.0%** (5-yr -27.2%/yr). Earnings per share fell 81.0%, roughly in step with revenue.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 3 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Baronsmead Second Venture Trust Plc does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -17.7%** (YTD -17.7%, 3-mo -7.6%). The shares are down 17.7% over twelve months including dividends.
- **From 52-week high: -20.6%** (10180.4% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.

Live score and charts: https://foliofundamentals.com/analyzer?s=BMD.L · Page: https://foliofundamentals.com/stocks/bmd.l

Not investment advice.