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TOC Property Backed Lending Trust (DVNO) AI Stock Analysis
TOC Property Backed Lending Trust
(LSE:DVNO)
The score is lifted by strong revenue growth and a generally stable balance sheet, but recent cash flow weakness and rising leverage reduce confidence. Technicals are neutral to slightly constructive, while the high P/E keeps valuation from ranking higher despite the dividend yield.
TOC Property Backed Lending Trust (DVNO) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 19.00M
- Dividend Yield
- 5.48%
- Average Volume (3M)
- 6,212
- Price to Earnings (P/E)
- -70.9
- Beta (1Y)
- -0.11
- Revenue Growth
- 20.93%
- EPS Growth
- -124.06%
- Country
- UK
- Employees
- 1
- Sector
- General
- Sector Strength
- 55
- Industry
- Asset Management
TOC Property Backed Lending Trust Business Overview & Revenue Model
Company Description
Develop North PLC primarily provides fixed-interest loans, with the majority secured against land and/or property located in the United Kingdom. Beyond this core offering, the company also invests in other loan-based financial assets. Its investment...
TOC Property Backed Lending Trust Financial Statement Overview
Summary
Strong revenue growth and stable equity support the score, but weaker recent cash flow and higher leverage limit the upside.
Income Statement
85Very PositiveBalance Sheet
78PositiveCash Flow
65Positive| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.61M | 2.40M | 1.51M | 839.00K | 1.04M | 1.43M |
| Gross Profit | 2.42M | 2.21M | 1.51M | 839.00K | 1.04M | 1.43M |
| EBITDA | 297.00K | 782.00K | 1.25M | 261.00K | 646.00K | 929.00K |
| Net Income | -258.00K | 415.00K | 1.17M | 261.00K | 514.00K | 929.00K |
Balance Sheet | ||||||
| Total Assets | 24.05M | 26.43M | 22.18M | 20.89M | 26.13M | 22.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.64M | 707.00K | 3.01M | 1.15M | 638.00K | 4.54M |
| Total Debt | 4.00M | 6.78M | 2.10M | 0 | 4.00M | 0 |
| Total Liabilities | 4.58M | 7.08M | 2.24M | 191.00K | 4.00M | 135.00K |
| Stockholders Equity | 19.47M | 19.35M | 19.94M | 20.70M | 22.02M | 22.58M |
Cash Flow | ||||||
| Free Cash Flow | 58.00K | 942.00K | 1.06M | 998.00K | 718.00K | 681.00K |
| Operating Cash Flow | 58.00K | 575.00K | 1.06M | 998.00K | 718.00K | 681.00K |
| Investing Cash Flow | -167.00K | -4.14M | -2.17M | 5.25M | -7.42M | 4.96M |
| Financing Cash Flow | 951.00K | 3.68M | 78.00K | -5.73M | 2.79M | -2.09M |
TOC Property Backed Lending Trust Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DVNO, the sentiment is Negative. The current price of 73.00 is below the 20-day moving average (MA) of 73.05, below the 50-day MA of 73.55, and below the 200-day MA of 74.31, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 21.88 is Positive, neither overbought nor oversold. The STOCH value of 78.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:DVNO.
TOC Property Backed Lending Trust Peers Comparison
Overall Rating
GB:ICG79Outperform
GB:FSG75Outperform
GB:POLN73Outperform- GB:DVNO68Neutral
GB:BPT66Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:ICG | 79Outperform | GBP 5.31B | 11.11 | 18.00% | 4.69% | 6.46% | 6.47% |
| GB:FSG | 75Outperform | GBP 519.70M | 12.41 | 46.72% | 5.75% | 7.26% | 30.92% |
| GB:POLN | 73Outperform | GBP 540.06M | 11.30 | 8.17% | 6.23% | -5.11% | -7.96% |
| GB:DVNO | 68Neutral | GBP 19.00M | -70.87 | -1.33% | 5.48% | 20.93% | -124.06% |
| GB:BPT | 66Neutral | GBP 3.72B | 127.10 | 2.71% | 3.52% | 36.24% | -53.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:DVNO | Toc Property Backed Lending Trust Plc | 73.00 | 0.10 | 0.14% | |
| GB:ICG | ICG plc | 1855.00 | 5.80 | 0.31% | |
| GB:FSG | Foresight Group Holdings Ltd. | 471.50 | 36.97 | 8.51% | |
| GB:BPT | Bridgepoint Group Plc | 411.80 | 120.92 | 41.57% | |
| GB:POLN | Pollen Street Group Limited | 915.00 | 90.09 | 10.92% |
TOC Property Backed Lending Trust Corporate Events
Develop North appoints CEO Michelle Percy to board to drive regional growth strategy
PositiveDevelop North PLC, an investment company headquartered in North East England and listed on the London Stock Exchange, specialises in channeling capital into regional property, regeneration and investment projects across the North of England and Scotl...
Develop North Plc Discloses Share Purchase by Senior Manager
PositiveDevelop North Plc, a property-backed lending and development finance investor listed on the London Stock Exchange, offers exposure to U.K. real estate projects through its portfolio of ordinary shares. The company operates under regulatory frameworks...
Develop North broadens property strategy as interim costs weigh on NAV
NeutralDevelop North PLC reported interim results for the six months to 31 May 2026, marking a strategic shift as it broadens its investment mandate beyond real estate lending into direct commercial and residential property investments. The company raised a...
Develop North enters closed period ahead of half-year results
NeutralDevelop North PLC, an investment company listed on the London Stock Exchange, targets stable income and medium to long-term total returns for shareholders through a diversified regional portfolio. It concentrates on projects in the North East of Engl...
Develop North PLC Declares First Interim Dividend for 2026
PositiveDevelop North PLC, an investment company listed on the London Stock Exchange, targets steady income and medium to long term total returns through a diversified portfolio concentrated in the North East of England. Since launching in 2017, it has inves...
Develop North Appoints AlbR Capital as Joint Corporate Broker
PositiveDevelop North PLC, a North East England-focused investment company listed in London, targets stable income and attractive total returns for shareholders via a diversified portfolio, mainly across the North of England and Scotland. Since its 2017 list...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 26, 2026