# Secure Trust Bank PLC (STB.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Banks. Price 1512p, market value 280 millionp.

## Valuation
- **P/E (trailing): 6.7×** (5-yr avg 657.1×, 3-yr avg 767.4×). Secure Trust Bank PLC trades at 6.7× trailing earnings, well below its own five-year average of 657.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 4.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 0.7×**. Enterprise value is 0.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -82.6%** (5-yr avg -1.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 14.9%**. The inverse of the P/E: 14.9% of the price is earned each year.

## Profitability
- **Gross margin: 101.9%**. Secure Trust Bank PLC keeps 101.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 61.3%**. 61.3% of revenue is left after running the business, an exceptional level.
- **Net margin: -2.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 98.5%**. Return on all capital, debt included, is 98.5%: comfortably above what that capital costs.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 138.6%** (3-yr 15.6%/yr, 5-yr 10.2%/yr). Revenue grew 138.6% over the last year, against 10.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -11.9%** (3-yr -20.2%/yr, 5-yr 1.9%/yr). Earnings per share fell 11.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 72.8%/yr**. Free cash flow has compounded at 72.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 528 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 yield: 2.41%** (0p per share, trailing). Secure Trust Bank PLC yields 2.41%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Shareholder yield: 2.8%**. Dividends plus net buybacks return 2.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): 41.0%** (YTD 20.6%, 3-mo 20.1%). The shares are up 41.0% over twelve months including dividends.
- **From 52-week high: -8.9%** (81.7% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 1.24** (volatility 39%). Beta of 1.24 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.