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Barclays PLC (L: BARC GBX153.64) ranks 5 in the Top 20 by earnings yield stocks in the FTSE 100 Index of 97 stocks.
Note: Earnings yield is the inverse of the P/E ratio.
Rank 5 by earnings yield in FTSE 100 Index. Rank 1 is highest.
Last price: GBX153.64; FY 2022 EPS: 0.31 GBX;
The earnings yield of 20.1% is 4.4 times the 10-year bond yield of 4.5%.
BUYBACK OF SHARES
Barclays announced a buyback of 8,109,280 shares worth GBP12,718,133 (or $15,566,994) on September 22. The buyback price was GBX156.83.
Reported buyback transactions [TTM]
| Period | No. of shares | Weighted Average price, GBX | Value, GBX |
| Sep 23 | 66,811,627 | 150.98 | 10,087,007,909 |
| Aug 23 | 155,621,788 | 147.14 | 22,897,973,069 |
| Jul 23 | 14,184,045 | 155.7 | 2,208,435,717 |
| Apr 23 | 142,219,439 | 152.02 | 21,620,111,660 |
| Mar 23 | 183,987,291 | 140.98 | 25,938,592,819 |
| Sep 22 | 11,400,000 | 158.89 | 1,811,302,680 |
| Total | 574,224,190 |
Net reported buyback transactions: since September 2022: Bought 574,224,190 shares at an average price of GBX3 worth GBP18,113,026.80.
BARCLAYS (BARC) Stock Dashboard [traded in British Pound, GBP] End-of-Day
| Exchange | UNITED KINGDOM [CHI-X (UK), London] | Ave Daily Volume | 42,013,769 shares |
| Currency | 1.000 GBP = 1.224 USD | 52-Week Price Range | 125.84 - 184.17 |
| Sep 25, 2023 | GBX153.64 | Sector | Bank |
| EPS (FY2022) | 0.31 GBX | Independent Rating | Ranked 155 in Forbes 2000 |
| BARC P/E | 5 | Market Cap | GBP24 billion [US$29 billion] |
| BARC Dividend Yield % (TTM) | 5 | Shares Outstanding | 15,320,000,000 |
| DPS (past 12 months) | GBX8 | BARC in Indices | FTSE 100 |
| EPS Growth (FY2022 vs FY2021) | -15.6% | PVGBX1000 (1 yr) PVUS$1000 (1 yr) | GBX1,044 US$1,177* |
*If You Invested $1,000 in Barclays a year ago, This is How Much You Would Have Today: $1,177. USD1000 would have bought GBX1,675 for 597 shares (@the then price of 154.33) worth GBX1,044 @153.64 today. Dividends reinvested are worth $54.
INDEX
SECTION 1 RECENT NEWS AND RESEARCH
SECTION 2 TODAY'S BULLISH SIGNALS
SECTION 3 ONGOING BULLISH PARAMETERS
SECTION 4 TODAY'S BEARISH SIGNALS
SECTION 5 ONGOING BEARISH PARAMETERS
SECTION 6 CORPORATE PROFILE
SECTION 7 BANK METRICS
SECTION 8 BARCLAYS PREFERRED SHARES
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
APPENDIX II OTHER LISTINGS AND STOCK IDENTIFIERS
GLOSSARY
SECTION 1 RECENT NEWS AND RESEARCH
Insider Selling
Thu Aug 03, 2023
Barclays director Paul Compton sells shares worth GBP130,266
Wednesday August 02, 2023
Barclays (L:BARC) Director Paul Compton sold 87,721 shares worth GBP130,266 ($166,062) on August 02. The selling price was GBP1.49. The shares hit a one-month low on the day.
SECTION 2 TODAY'S BULLISH SIGNALS
2.1 Relative Value Indicators: Undervaluation compared with sector averages
Price/Earnings:
Barclays stock is trading at the seventh lowest P/E multiple in the FTSE 100 Index.Barclays stock is the Thirtieth highest dividend yielding stock in the FTSE 100 Index.
2.2 Relative Value Indicators: Undervaluation compared with Index averages and bond yield
- Earnings yield of 20.1% is more attractive compared with the United Kingdom average earning yield of -137%.
- The earnings yield of 20.1% is 4.4 times the 10-year bond yield of 4.5%.
(All figures in %)
| Earnings Yield | 20.1 |
| United Kingdom avg | -137 |
| Dividend Yield | 5.0 |
| Bond Yield | 4.5 |
Dividend Yield > Bond Yield of 4.53%:
The dividend yield of 5.01% is 1.11 times the triple-A bond yield of 4.53%. The times factor of 1.11 is above the benchmark factor of 0.67 times set by Benjamin Graham.
(All figures in %)
| Dividend Yield | 5.01 |
| Bond Yield | 4.53 |
| Spread | 0.48 |
| Sector | P/E | |
| Forbes 2000 | Stock: 5.0; Sector: 17.2 | undervalued |
2.3 Rank in the top 20% by Relative Valuation in the United Kingdom market
| Description | Value | Rank |
| P/E * P/NTA | 1.95 | In Top 8% |
| Price to Book Value | 0.4 | In Top 11% |
| Price/Earnings | 5 | In Top 20% |
2.4 Rank in the top 24% by Price Performance in the United Kingdom market
| Description | Value | Rank |
| 1-month Price Change % | 7.4 | In Top 16% |
| Rel Strength 6 mo | 77 | In Top 24% |
2.5 Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 1.5.
Positive MACD:
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 155.42 minus the 26-day EMA of 153.09 is positive, suggesting a bullish signal.
Past Quarter:
The Best 3 weeks in the past quarter
In the past quarter the week beginning Monday September 11 saw the highest weekly rise of 8.9% for a relative price increase of 5.8%. The rise was propped up by volume of 1.2 times average.
| Mon-Fri | Change % | FTSE 100 Index Change % | Vol Ind [1 is avg] |
| Sep 11-15 | 8.9 | 3.1 | 1.2 |
| Jun 26-30 | 5.6 | 0.9 | 0.7 |
| Jul 17-21 | 5.3 | 3.1 | 0.8 |
Relative Strength (6 months) 77 percentile:
- The stock has a 6-month relative strength of 77 in the United Kingdom market of 1,176 stocks, 75 units and 12 preference stocks indicating it has outperformed 77% of the market.
2.6 Other Bullish Signals
- Net profit margin has averaged 22.5% in the last 3 years. This is considered superior and suggests a high margin of safety.
SECTION 3 ONGOING BULLISH PARAMETERS
3.1 Rule of 40
The stock scores a favorable score exceeding 40 when using the Rule of 40 (Revenue Growth plus EBITDA margin). Y.o.y revenue growth of 14%, EBITDA margin is 28.1% and the sum of the two 41.8% needs to exceed 40%.
3.2 Present Value of GBP1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVGBP1000 > 1,043
| PVGBP1,000 | 3 mo ago | 1 yr ago | 3 yrs ago |
| BARC.L | GBP1,097 | GBP1,044 | GBP6,154 |
| Bank sector | GBP470 | GBP585 | GBP1,389 |
| FTSE 100 Index | GBP1,022 | GBP1,086 | GBP1,305 |
3.3 The Best Periods [3 Mo, 3 Yrs] with Price Change % > 7.7
3-Year price change of 454.3% for Barclays outperformed the change of 30.9% in the FTSE 100 Index for a relative price change of 423.3%.
| Price Change % | Quarter | 3 Years |
| Barclays | 7.8 | 454.3 |
| Bank sector | -53 | 38.4 |
| FTSE 100 Index | 2.2 | 30.9 |
3.4 BARC.L Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 6.5%
| 3 yrs | 5 yrs | 10 yrs | 30 yrs |
| 82.2 | 28.6 | 10 | 6.6 |
3.5 Increased VWAP, up 227% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has increased by 227.3% to GBX151.31. Based on a dynamic start date of five years ago, there have been declines in VWAP in 2 out of 5 years.
Past five years, 12 months ended Sep 25 (GBX)
| Year | High Price | VWAP | Low Price |
| 2023 | 184.17 | 151.31 | 125.84 |
| 2022 | 201.94 | 158.14 | 131.77 |
| 2021 | 171.83 | 56.21 | 28.0 |
| 2020 | 58.16 | 38.17 | 22.01 |
| 2019 | 52.16 | 46.23 | 40.6 |
3.6 Increased share turnover
In the past five years, average daily share turnover has increased 1.0% to GBP63.6 million ($77.8 million). This suggests increased liquidity.
Past five years, 12 months ended Sep 25 (GBP million)
| Year | Average Daily Turnover |
| 2023 | 63.6 |
| 2022 | 62.9 |
| 2021 | 65.3 |
| 2020 | 63.9 |
| 2019 | 62.9 |
3.7 Satisfies one criterion of Benjamin Graham
- The P/E of 5 multiplied by the P/NTA of 0.4 is 1.9. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
3.8 Satisfies 5 out of 9 criteria of Joseph Piotroski [pass mark 5]:
- Positive net income.
- Positive operating cashflow.
- Good quality of earnings [operating cashflow exceeds net income].
- Reduction in total shares on issue.
- Improvement in asset turnover [growth in revenue of 13.7% exceeded growth in assets of 9.3%].
But does not meet the following 4 criteria of Joseph Piotroski:
- Return on Assets improvement.
- Improvement in long-term debt to total assets.
- Improvement in current ratio.
- Improvement in gross margin.
SECTION 4 TODAY'S BEARISH SIGNALS
4.1 PAST WEEK: MODERATE MOMENTUM DOWN
BARC decreases 3.2% on firm volume 1.1 times average. Compared with the FTSE 100 Index which fell 28.9 points (or 0.4%) in the week, the relative price change was -2.9%.
Barclays (BARC) underperformed the FTSE 100 Index in 4 out of 5 days. The price ranged between a low of GBX153.64 on Monday Sep 25 and a high of GBX159.58 on Wednesday Sep 20.
| Sep | Barclays | Close [GBX] | Change % | Comment |
| Mon 25 | Offers earnings yield of 20.1% | 153.64 | -1.1 | Price rise on rising relative strength |
| Fri 22 | Down 2.7% in 2 days | 155.32 | -0.9 | VI*=1.5 |
| Thu 21 | Drops 1.8% on increasing volatility | 156.7 | -1.8 | Steepest Fall; VI*=1.4 |
| Wed 20 | Closes at 5.0% above VWAP | 159.58 | 0.2 | VI*=1.1 |
| Tue 19 | Offers earnings yield of 19.3% | 159.22 | 0.3 | Top Rise |
* RPC - Relative Price Change is % price change of stock less % change of the FTSE 100 Index.
[Volume Index (VI); 1 is average]
4.2 Rank in the bottom 21% by Price Performance in the United Kingdom market
| Description | Value | Rank |
| 1-week Price Change % | -3.2 | In Bottom 21% |
4.3 Other Bearish Signals
- As per the Du Pont analysis, Return on Equity of 8.6% is lower than sector average of 8.7%. This is computed as net profit margin of 23.9% times asset turnover [sales/assets] of 0.02 times leverage factor [total assets/shareholders' equity] of 21.9.
SECTION 5 ONGOING BEARISH PARAMETERS
5.1 Past year: price fall of 0.4%
1-Year price change of -0.4% for Barclays underperformed the change of 8.6% in the FTSE 100 Index for a relative price change of -9.1%.
| Price Change % | Year |
| Barclays | -0.4 |
| Bank sector | -41.5 |
| FTSE 100 Index | 8.6 |
5.2 Stock vs Index (Annual Percentage Change)
| December 31 | Last price in GBX | Annual Return | Return of FTSE 100 Index |
| 2022 | 154.7 | -11.7 | 1.7 |
| 2021 | 175.1 | 289.0 | 14.3 |
| 2020 | 45.0 | -18.3 | -14.3 |
| 2019 | 55.1 | 25.1 | 12.0 |
| 2018 | 44.1 | - | - |
Over 5 years Barclays is up a total 251.1% at an annualized rate of 36.9% compared to the Index being up 11.6% at an annualized rate of 2.8%.
Barclays has outperformed the FTSE 100 Index in 2 of the past 5
years: 2021, 2019.
5.3 MCap: 5-Year Decrease of GBP7 B [$82M] (22%)
In the past 5 years Market Capitalization has decreased by GBP6.7 billion (22%) from GBP30.2 billion to GBP23.5 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.
| Price | MCap (GBP B) | MCap ($ B) | |
| Last | GBX153.64 | 23.5 | 28.8 |
| 1 Year ago | GBX154.33 | 25.8 | 28 |
| 2 Years ago | GBX166.65 | 30.8 | 42.1 |
| 3 Years ago | GBX27.72 | 16 | 20.4 |
| 4 Years ago | GBX45.67 | 26.1 | 32.8 |
| 5 Years ago | GBX50.87 | 30.2 | 40.1 |
5.4 BARC.L Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Periods with TSR < 4.5%
| 1 yr | 20 yrs |
| 4.4 | 2.9 |
5.5 A 47.1% Increase in Insider Selling
In the past 5 years a total of 7,938,175 Barclays shares worth GBP13.2 million were sold by insiders. Based on a dynamic start date of 5 years ago, insider selling has averaged 1,587,635 shares per year. In the past year, insiders sold 1,802,936 shares, an increase of 47.1% from the previous year.
| Year | No. of Shares | Value, GBP |
| Sep 25, 2023 | 1,802,936 | 2,724,103 |
| 1 Yr ago | 1,225,891 | 2,293,970 |
| 2 Yrs ago | 3,932,880 | 6,833,102 |
| 3 Yrs ago | 620,712 | 771,870 |
| 4 Yrs ago | 355,756 | 567,708 |
| Total | 7,938,175 | 13,190,752 |
5.6 Declining Volume, down 7% in 5 years
In the past five years, Average Daily Volume of Trading (ADVT) has decreased 7.4% to 42 million shares.
Avg. Daily Volume Traded 12 months ended Sep 25, million shares
| Year | ADVT |
| 2023 | 42.0 |
| 2022 | 39.9 |
| 2021 | 45.0 |
| 2020 | 55.1 |
| 2019 | 45.4 |
SECTION 6 CORPORATE PROFILE
6.1 Activities
Barclays PLC provides various financial products and services in Europe, the United States, Africa, and Asia. It offers retail and commercial banking, credit cards, investment banking, wealth management, and investment management services. The companys products include current account and savings products, Woolwich branded mortgages, unsecured loans, protection products, general insurance, credit cards, Sharia-compliant products, installment finance and commercial property finance, commercial loans, and personal loans. It also offers money transmission, international and private banking, investment management, fiduciary, and brokerage services, as well as payment solutions and mobile banking services. In addition, the company provides fixed income, currency and commodities, foreign exchange, emerging markets, money markets, and credit services; equities, which include cash and equity derivatives and prime services; investment banking products and services that comprise financial advisory, and equity and debt underwriting; and advisory services. It serves individual, commercial, corporate, institutional, retail, and mass affluent customers. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1896 and is headquartered in London, the United Kingdom. It is 3rd largest Bank by market capitalisation in the United Kingdom,
6.2 Contact Details
| Website | http://www.barclays.com |
| Physical Address | 1 Churchill Place, Canary Wharf, London, E14 5HP, United Kingdom |
| Phone | 44-20-71161000 |
| Fax | 44-20-71167665 |
6.3 Industry & Sector [of 609 stocks]
| Classification Level | Name of Sector |
| Business Sector | Banking & Investment Services |
| Industry Group | Banking Services |
| Industry | Banks |
| Economic Sector | Financials |
SECTION 7 BANK METRICS
7.1 Bank Metrics (FY2022)
| Description | FY2022 | FY2021 | Change |
| Interest Income | 19.1 B | 11.2 B | Up 69.9% |
| Interest Expense | 8.5 B | 3.2 B | Up 169.2% |
| Net Interest Income | 10.6 B | 8.1 B | Up 31% |
| Total Non Interest Expense | 16.7 B | 14.7 B | Up 14.1% |
| Bank Other Revenue | 170 M | 88 M | Up 93.2% |
Favourable Changes:
- Interest Income up 69.9% from GBP11.2b to GBP19.1b
- Net Interest Income up 31% from GBP8.1b to GBP10.6b
- Bank Other Revenue up 93.2% from GBP88m to GBP170m
Unfavourable Changes:
- Interest Expense up 169.2% from GBP3.2b to GBP8.5b
- Total Non Interest Expense up 14.1% from GBP14.7b to GBP16.7b
SECTION 8 BARCLAYS PREFERRED SHARES
8.1 Preferred Series
| Symbol | Preferreds Name |
| BB50 | Barclays Bank PLC |
8.2 PV$1000 Comparison of Barclays Preferred Shares & Indices
| PV$1000 | 1-week | 1-month | 1-year |
| BARC.L | 968 | 1,074 | 1,044 |
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
BARC: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:
+ PRICE VOLUME - 5-YEAR HISTORY
+ PEER COMPARISON - STOCK IN BANK SECTOR AND STOCK IN INDICES
BARC: LINKS IN HTML TO FURTHER INFORMATION:
+ NEWS ARCHIVES - BARC PAST 4 YEARS IN HTML:
+ INSIDER TRANSACTION IN THE PAST 10 YEARS
APPENDIX II OTHER LISTINGS AND STOCK IDENTIFIERS
II.1 Primary Exchange and Other Listings: Trading Currency and Volume (Excl ADR)
| Exchange | Ticker | Currency | Last | ADVT | Vol % of Total | Today's VI |
| London | BARC | GBX | 153.64 | 42,013,768 | 99.5 | 0.7 |
| Xetra | BCY | EUR | 1.8 | 49,136 | 0.5 | 3 |
| Total | 100.00 |
1 GBX [Pence Sterling]= 0.0115 EUR
ADVT= Avg. Daily Volume of Trading; VI= Volume Index (1 is avg)
II.2 Stock Identifiers
ISIN: GB0031348658
PermID: 4297546630
RIC: BARC.L
GLOSSARY
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Current Ratio: Current Assets/Current Liabilities (times)
Dividend Yield: Dividend Per Share/Share Price (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volatility: Highest Price minus Lowest Price/Lowest Price (%)
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
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