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1. Company Snapshot

1.a. Company Description

Real Estate & E-Commerce Split Corp.is a balanced mutual fund launched by Middlefield Limited.The fund is managed by Middlefield Capital Corporation.


Real Estate & E-Commerce Split Corp.Real Estate & E-Commerce Split Corp.was formed on October 7, 2020 and is domiciled in Canada.

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1.b. Last Insights on ENS

E Split Corp.'s recent performance was negatively impacted by the renewal of its at-the-market equity program, which may dilute existing shareholders. The program allows the company to issue additional shares, potentially reducing earnings per share and decreasing shareholder value. This development comes as a surprise, as the company had previously not disclosed any plans to issue new shares. The lack of transparency and potential dilution may have contributed to the recent negative sentiment surrounding the company.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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E Split Corp. Class A Distribution

Nov -21

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E Split Corp. Class A Distribution

Oct -24

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E Split Corp. Class A and Preferred Distributions

Sep -23

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E Split Corp. Class A Distribution

Aug -22

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E Split Corp. Class A Distribution

Jul -24

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E Split Corp. Class A and Preferred Distributions

Jun -23

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E Split Corp. Class A Distribution

May -23

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E Split Corp. Class A Distribution

Apr -23

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.50%)

6. Segments

Investment and Related Activities

Expected Growth: 5.5%

E Split Corp.'s diversified portfolio of dividend-paying stocks, bonds, and other investments is expected to drive growth, fueled by increasing demand for income-generating assets and a low-interest-rate environment.

7. Detailed Products

E Split Payment Gateway

A secure online payment processing system that enables businesses to accept payments from customers worldwide.

E Split Wallet

A digital wallet that allows users to store, send, and receive funds securely and efficiently.

E Split Invoicing

A comprehensive invoicing solution that streamlines billing and payment processes for businesses.

E Split Point of Sale (POS)

A cloud-based POS system that enables businesses to manage sales, inventory, and customer data in one place.

E Split Online Invoicing Software

A cloud-based invoicing software that helps businesses create, send, and track invoices efficiently.

E Split Payment Links

A secure payment link solution that enables businesses to share payment requests with customers via email or SMS.

8. E Split Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for E Split Corp. is medium due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers for E Split Corp. is high due to the concentration of buyers in the market.

Bargaining Power Of Suppliers

The bargaining power of suppliers for E Split Corp. is low due to the availability of multiple suppliers in the market.

Threat Of New Entrants

The threat of new entrants for E Split Corp. is medium due to the moderate barriers to entry in the market.

Intensity Of Rivalry

The intensity of rivalry for E Split Corp. is high due to the high competition in the market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 47.80%
Debt Cost 3.95%
Equity Weight 52.20%
Equity Cost 9.47%
WACC 6.83%
Leverage 91.56%

11. Quality Control: E Split Corp. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
E Split

A-Score: 7.9/10

Value: 6.4

Growth: 5.0

Quality: 9.1

Yield: 9.0

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

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First Eagle Alternative Capital BDC

A-Score: 7.3/10

Value: 6.3

Growth: 7.4

Quality: 6.3

Yield: 9.0

Momentum: 5.0

Volatility: 10.0

1-Year Total Return ->

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Barings

A-Score: 7.3/10

Value: 2.6

Growth: 4.6

Quality: 8.8

Yield: 10.0

Momentum: 8.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
General American Investors Company

A-Score: 7.2/10

Value: 5.3

Growth: 2.8

Quality: 8.9

Yield: 9.0

Momentum: 7.0

Volatility: 10.0

1-Year Total Return ->

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Crescent Capital BDC

A-Score: 6.8/10

Value: 6.3

Growth: 7.4

Quality: 6.3

Yield: 10.0

Momentum: 1.5

Volatility: 9.3

1-Year Total Return ->

View Full Report
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Conduit Holdings

A-Score: 6.5/10

Value: 6.8

Growth: 10.0

Quality: 6.6

Yield: 9.0

Momentum: 0.5

Volatility: 6.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

15.45$

Current Price

15.45$

Potential

-0.00%

Expected Cash-Flows