Big Banc Split (BNK) AI Stock Analysis

• Market Cap: C$21.00M
• Dividend Yield: 9.11%
• Average Volume (3M): 3.09K
• Price to Earnings (P/E): 5.5
• Beta (1Y): 1.14
• Revenue Growth: -72.10%
• EPS Growth: -77.56%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 76
• Industry: Asset Management
• EPS (TTM): 2.86
• Shares Outstanding: 1,340,004
• 10 Day Avg. Volume: 2,007
• 30 Day Avg. Volume: 3,093
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ―

Big Banc Split's stock shows signs of recovery with improved financial performance, particularly in cash flow management and balance sheet health. However, volatility in revenue and an extremely high P/E ratio pose significant risks. The dividend yield offers a positive aspect for investors, but the technical indicators suggest neutral momentum in the market.

Big Banc Split Business Overview & Revenue Model

Company Description

Big Banc Split Corp. is an equity fund launched and managed by Purpose Investments Inc. The fund invests in the public equity markets of Canada. Big Banc Split Corp. was formed on May 15, 2020 and is based in Canada.

How the Company Makes Money

Big Banc Split (BNK) generates revenue through multiple streams, primarily consisting of interest income from loans and mortgages, fees and commissions from banking services, and investment income from its wealth management and advisory divisions. The retail banking division earns through interest on personal and business loans, credit cards, and mortgages. The corporate finance division provides tailored financial solutions to businesses, earning fees from underwriting, advisory services, and transaction processing. Additionally, the investment management division generates income through management fees and performance-based incentives tied to client asset growth. Strategic partnerships with fintech companies and other financial institutions also contribute to BNK's revenue by expanding its service offerings and customer base.

Big Banc Split Financial Statement Overview

Summary

Big Banc Split shows signs of recovery in 2023 with improved profitability and strong cash flow management. The balance sheet remains healthy, primarily due to zero debt, despite a decline in total assets. The income statement reflects volatility with inconsistent revenue performance, which poses a risk. Future focus should be on stabilizing revenue growth and enhancing operational efficiency.

Income Statement

The income statement shows a significant recovery in 2023 with positive revenue and net income, following a challenging 2022 where both were negative. The gross profit margin in 2023 is strong, but the absence of EBIT and EBITDA margins raises concerns about operational efficiency. The revenue growth rate is not calculable due to negative revenue in 2022, indicating a volatile performance.

Balance Sheet

The balance sheet is stable with no debt in 2023, indicating strong financial health and low leverage risk. The equity ratio has decreased from 2022 but remains healthy. Return on Equity saw improvement from a negative position in 2022 to a positive in 2023, reflecting better profitability. However, the decline in total assets over the years suggests potential risks in asset management.

Cash Flow

Cash flow analysis is impressive with consistent positive operating cash flow. The operating cash flow to net income ratio is robust, indicating good cash generation relative to earnings. Free cash flow saw significant growth in 2023, highlighting strong cash profitability. The cash flow management suggests a solid ability to fund operations and investments.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.14M	-3.96M	13.36M	7.44M
Gross Profit	2.14M	-3.96M	13.36M	7.44M
EBITDA	0.00	-7.97M	0.00	0.00
Net Income	1.97M	-4.10M	13.27M	5.31M
Balance Sheet
Total Assets	28.52M	32.27M	44.90M	40.46M
Cash, Cash Equivalents and Short-Term Investments	765.52K	0.00	242.01K	4.03M
Total Debt	0.00	200.87K	0.00	0.00
Total Liabilities	13.90M	14.42M	16.40M	18.41M
Stockholders Equity	14.62M	17.86M	28.51M	22.05M
Cash Flow
Free Cash Flow	5.22M	5.19M	1.98M	-29.40M
Operating Cash Flow	5.22M	5.19M	1.98M	-29.40M
Investing Cash Flow	0.00	0.00	0.00	0.00
Financing Cash Flow	-4.25M	-5.64M	-5.77M	33.43M

Big Banc Split Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNK, the sentiment is Positive. The current price of 15.67 is above the 20-day moving average (MA) of 15.62, above the 50-day MA of 14.35, and above the 200-day MA of 12.67, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 64.04 is Neutral, neither overbought nor oversold. The STOCH value of 74.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BNK.

Big Banc Split Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$16.93B	11.67	9.79%	3.89%	11.83%	-7.56%
BNK	54 Neutral	C$21.00M	5.47	31.87%	9.11%	-72.10%	-77.56%
ASXSF	―	$7.28M	4.95	17.93%	―	―	―
GPK	47 Neutral	C$12.68M	156.25	-0.50%	―	-73.81%	―
IDK	46 Neutral	C$5.37M	―	-24.56%	―	-137.64%	-173.29%
EWG	―	C$26.65M	―		―	―	―
PYCFF	―	$6.96M	7.15	-36.58%	3.40%	―	―

Big Banc Split Corporate Events

Purpose Investments Announces January 2025 Fund Distributions

Purpose Investments Inc. announced the January 2025 distributions for its open-end exchange-traded and closed-end funds. The distribution details, including ex-distribution dates and payable dates, were provided for various funds, indicating the company’s ongoing commitment to providing regular income to its investors.

Big Banc Split: December 2024 Fund Distributions

Purpose Investments Inc. has announced its December 2024 distributions for its range of open-end and closed-end funds, offering investors a variety of financial opportunities. The distributions will begin on December 27 for open-end funds and on December 31 for closed-end funds, with payments following in January 2025. Notably, the funds include popular ETFs like the Apple Yield Shares and Purpose Bitcoin Yield ETF, catering to diverse investment interests.

Purpose Investments Unveils November Fund Distributions

Purpose Investments Inc. has announced the November 2024 distributions for its various open-end and closed-end exchange traded funds. Investors can expect monthly payouts with specific ex-distribution dates set for November 27th and 29th. These distributions offer a range of opportunities for income-seeking investors looking to diversify their portfolios.