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Brunner Investment TrustLSE:BUT Stock Report

Last Price


Market Cap







19 Jan, 2022


Company Financials
BUT fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health4/6

BUT Stock Overview

The Brunner Investment Trust PLC is an open-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch.

Price History & Performance

Summary of all time highs, changes and price drops for Brunner Investment Trust
Historical stock prices
Current Share PriceUK£10.75
52 Week HighUK£11.40
52 Week LowUK£8.30
1 Month Change-0.92%
3 Month Change6.44%
1 Year Change22.44%
3 Year Change49.93%
5 Year Change69.43%
Change since IPO607.24%

Recent News & Updates

Shareholder Returns

BUTGB Capital MarketsGB Market

Return vs Industry: BUT exceeded the UK Capital Markets industry which returned -1.9% over the past year.

Return vs Market: BUT exceeded the UK Market which returned 8.3% over the past year.

Price Volatility

Is BUT's price volatile compared to industry and market?
BUT volatility
BUT Average Weekly Movement3.1%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: BUT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BUT's weekly volatility (3%) has been stable over the past year.

About the Company


The Brunner Investment Trust PLC is an open-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

Brunner Investment Trust Fundamentals Summary

How do Brunner Investment Trust's earnings and revenue compare to its market cap?
BUT fundamental statistics
Market CapUK£458.95m
Earnings (TTM)UK£95.42m
Revenue (TTM)UK£100.05m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BUT income statement (TTM)
Cost of RevenueUK£0
Gross ProfitUK£100.05m

Last Reported Earnings

May 31, 2021

Next Earnings Date


Earnings per share (EPS)2.23
Gross Margin100.00%
Net Profit Margin95.36%
Debt/Equity Ratio5.4%

How did BUT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Brunner Investment Trust undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BUT (£10.75) is trading above our estimate of fair value (£9.04)

Significantly Below Fair Value: BUT is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BUT is good value based on its PE Ratio (4.8x) compared to the UK Capital Markets industry average (10.9x).

PE vs Market: BUT is good value based on its PE Ratio (4.8x) compared to the UK market (19.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BUT's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: BUT is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.7x).

Future Growth

How is Brunner Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brunner Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Brunner Investment Trust performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BUT has a high level of non-cash earnings.

Growing Profit Margin: BUT's current net profit margins (95.4%) are higher than last year (81.4%).

Past Earnings Growth Analysis

Earnings Trend: BUT has become profitable over the past 5 years, growing earnings by 3.4% per year.

Accelerating Growth: BUT's earnings growth over the past year (405.8%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: BUT earnings growth over the past year (405.8%) exceeded the Capital Markets industry 66.7%.

Return on Equity

High ROE: BUT's Return on Equity (20.4%) is considered high.

Financial Health

How is Brunner Investment Trust's financial position?

Financial Position Analysis

Short Term Liabilities: BUT's short term assets (£875.0K) do not cover its short term liabilities (£9.4M).

Long Term Liabilities: BUT's short term assets (£875.0K) do not cover its long term liabilities (£25.4M).

Debt to Equity History and Analysis

Debt Level: BUT's net debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: BUT's debt to equity ratio has reduced from 17.7% to 5.4% over the past 5 years.

Debt Coverage: BUT's debt is well covered by operating cash flow (24.2%).

Interest Coverage: BUT's interest payments on its debt are well covered by EBIT (117.6x coverage).

Balance Sheet


What is Brunner Investment Trust current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BUT's dividend (1.87%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).

High Dividend: BUT's dividend (1.87%) is low compared to the top 25% of dividend payers in the UK market (4.06%).

Stability and Growth of Payments

Stable Dividend: BUT's dividend payments have been volatile in the past 10 years.

Growing Dividend: BUT's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9%), BUT's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Brunner Investment Trust has no CEO, or we have no data on them.

Board Members

Experienced Board: BUT's board of directors are seasoned and experienced ( 12.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

The Brunner Investment Trust PLC's employee growth, exchange listings and data sources

Key Information

  • Name: The Brunner Investment Trust PLC
  • Ticker: BUT
  • Exchange: LSE
  • Founded: 1927
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£458.947m
  • Shares outstanding: 42.69m
  • Website:


  • The Brunner Investment Trust PLC
  • 199 Bishopsgate
  • London
  • Greater London
  • EC2M 3TY
  • United Kingdom


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:11
End of Day Share Price2022/01/19 00:00
Annual Earnings2020/11/30

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.