(MPV) Barings Participation - Ratings and Ratios
Corporate Debt, Warrants, Equity Instruments
MPV EPS (Earnings per Share)
MPV Revenue
Description: MPV Barings Participation
Barings Participation Investors (MPV) is a closed-ended fixed income mutual fund that invests primarily in below-investment grade, long-term corporate debt obligations in the United States. The fund also invests in warrants, conversion rights, or other equity-related instruments, providing a mix of income and potential for capital appreciation.
The Trusts investment strategy is focused on the fixed income markets, with a particular emphasis on high-yield corporate debt. This strategy is reflected in its benchmark indices, which include the Lehman Brothers U.S. High Yield Index and the Lehman Brothers Intermediate U.S. Credit Index. The funds performance is also compared to equity indices such as the S&P Industrials Composite and the Russell 2000 Index, indicating a potential for equity-like returns.
To evaluate the Trusts performance, key metrics to consider include its yield, credit quality, and duration. A high-yield fund like MPV is likely to have a higher yield to compensate for the increased credit risk. The funds credit quality can be assessed by looking at the average credit rating of its holdings and the proportion of investments in distressed or defaulted securities. Duration is also an important metric, as it measures the funds sensitivity to changes in interest rates.
From a valuation perspective, MPVs price-to-earnings ratio of 12.31 suggests a relatively attractive valuation compared to other asset management companies. The funds return on equity (RoE) of 18.42% indicates a strong ability to generate returns on shareholders equity. Other key performance indicators (KPIs) to consider include the funds net asset value (NAV) per share, its discount or premium to NAV, and its historical total return performance.
Overall, Barings Participation Investors (MPV) is a fixed income mutual fund with a high-yield investment strategy and a mix of debt and equity-related investments. Its performance can be evaluated using a range of KPIs, including yield, credit quality, duration, and valuation metrics.
MPV Stock Overview
| Market Cap in USD | 201m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 1989-06-30 |
MPV Stock Ratings
| Growth Rating | 88.8% |
| Fundamental | 83.3% |
| Dividend Rating | 95.1% |
| Return 12m vs S&P 500 | 14.9% |
| Analyst Rating | - |
MPV Dividends
| Dividend Yield 12m | 8.86% |
| Yield on Cost 5y | 19.92% |
| Annual Growth 5y | 14.44% |
| Payout Consistency | 91.1% |
| Payout Ratio | 2.3% |
MPV Growth Ratios
| Growth Correlation 3m | 37.6% |
| Growth Correlation 12m | 80.9% |
| Growth Correlation 5y | 91.2% |
| CAGR 5y | 19.51% |
| CAGR/Max DD 5y | 0.86 |
| Sharpe Ratio 12m | 1.26 |
| Alpha | 24.54 |
| Beta | 0.378 |
| Volatility | 23.54% |
| Current Volume | 11.4k |
| Average Volume 20d | 12.5k |
| Stop Loss | 18.7 (-3.2%) |
| Signal | -0.15 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (30.6m TTM) > 0 and > 6% of Revenue (6% = 2.18m TTM) |
| FCFTA 0.12 (>2.0%) and ΔFCFTA 2.74pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 15.13% (prev 26.13%; Δ -10.99pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 23.9m <= Net Income 30.6m (YES >=105%, WARN >=100%) |
| Net Debt (16.4m) to EBITDA (1.34m) ratio: 12.23 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.83 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (10.7m) change vs 12m ago 1.11% (target <= -2.0% for YES) |
| Gross Margin 97.31% (prev 93.12%; Δ 4.20pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.88% (prev 14.94%; Δ 3.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 44.76 (EBITDA TTM 1.34m / Interest Expense TTM 635.8k) >= 6 (WARN >= 3) |
Altman Z'' 2.22
| (A) 0.03 = (Total Current Assets 12.1m - Total Current Liabilities 6.61m) / Total Assets 196.2m |
| (B) 0.10 = Retained Earnings (Balance) 20.5m / Total Assets 196.2m |
| (C) 0.15 = EBIT TTM 28.5m / Avg Total Assets 192.4m |
| (D) 0.66 = Book Value of Equity 20.6m / Total Liabilities 31.1m |
| Total Rating: 2.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 83.25
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 10.65% = 5.0 |
| 3. FCF Margin 65.90% = 7.50 |
| 4. Debt/Equity 0.19 = 2.48 |
| 5. Debt/Ebitda 23.25 = -2.50 |
| 6. ROIC - WACC 8.28% = 10.35 |
| 7. RoE 18.42% = 1.54 |
| 8. Rev. Trend 57.64% = 2.88 |
| 9. Rev. CAGR 19.73% = 2.47 |
| 10. EPS Trend 49.07% = 1.23 |
| 11. EPS CAGR 13.09% = 1.31 |
What is the price of MPV shares?
Over the past week, the price has changed by +1.64%, over one month by +0.47%, over three months by +13.58% and over the past year by +31.82%.
Is Barings Participation a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MPV is around 22.67 USD . This means that MPV is currently undervalued and has a potential upside of +17.34% (Margin of Safety).
Is MPV a buy, sell or hold?
What are the forecasts/targets for the MPV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 5.7 | -70.8% |
| Analysts Target Price | 5.7 | -70.8% |
| ValueRay Target Price | 24.9 | 28.7% |
Last update: 2025-08-15 15:05
MPV Fundamental Data Overview
CCE Cash And Equivalents = 7.00m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 11.6605
P/S = 9.7966
P/B = 1.2152
Beta = 0.453
Revenue TTM = 36.3m USD
EBIT TTM = 28.5m USD
EBITDA TTM = 1.34m USD
Long Term Debt = 24.5m USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 6.61m USD (from totalCurrentLiabilities, last quarter)
Debt = 31.1m USD (Calculated: Short Term 6.61m + Long Term 24.5m)
Net Debt = 16.4m USD (from netDebt column, last quarter)
Enterprise Value = 224.8m USD (200.7m + Debt 31.1m - CCE 7.00m)
Interest Coverage Ratio = 44.76 (Ebit TTM 28.5m / Interest Expense TTM 635.8k)
FCF Yield = 10.65% (FCF TTM 23.9m / Enterprise Value 224.8m)
FCF Margin = 65.90% (FCF TTM 23.9m / Revenue TTM 36.3m)
Net Margin = 84.31% (Net Income TTM 30.6m / Revenue TTM 36.3m)
Gross Margin = 97.31% ((Revenue TTM 36.3m - Cost of Revenue TTM 975.6k) / Revenue TTM)
Tobins Q-Ratio = 10.89 (Enterprise Value 224.8m / Book Value Of Equity 20.6m)
Interest Expense / Debt = 2.04% (Interest Expense 635.8k / Debt 31.1m)
Taxrate = 2.41% (from yearly Income Tax Expense: 425.2k / 17.7m)
NOPAT = 27.8m (EBIT 28.5m * (1 - 2.41%))
Current Ratio = 1.83 (Total Current Assets 12.1m / Total Current Liabilities 6.61m)
Debt / Equity = 0.19 (Debt 31.1m / last Quarter total Stockholder Equity 165.1m)
Debt / EBITDA = 23.25 (Net Debt 16.4m / EBITDA 1.34m)
Debt / FCF = 1.30 (Debt 31.1m / FCF TTM 23.9m)
Total Stockholder Equity = 166.3m (last 4 quarters mean)
RoA = 15.61% (Net Income 30.6m, Total Assets 196.2m )
RoE = 18.42% (Net Income TTM 30.6m / Total Stockholder Equity 166.3m)
RoCE = 14.92% (Ebit 28.5m / (Equity 166.3m + L.T.Debt 24.5m))
RoIC = 14.96% (NOPAT 27.8m / Invested Capital 185.6m)
WACC = 6.68% (E(200.7m)/V(231.8m) * Re(7.41%)) + (D(31.1m)/V(231.8m) * Rd(2.04%) * (1-Tc(0.02)))
Shares Correlation 5-Years: 70.70 | Cagr: 0.27%
Discount Rate = 7.41% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 70.46% ; FCFE base≈21.5m ; Y1≈14.1m ; Y5≈6.46m
Fair Price DCF = 11.95 (DCF Value 126.9m / Shares Outstanding 10.6m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 57.64 | Revenue CAGR: 19.73%
Rev Growth-of-Growth: -1.45
EPS Correlation: 49.07 | EPS CAGR: 13.09%
EPS Growth-of-Growth: -118.5
Additional Sources for MPV Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle