LSE:DIG

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Dunedin Income Growth Investment Trust

Executive Summary

Dunedin Income Growth Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited.

Rewards


Snowflake Analysis

Share Price & News

How has Dunedin Income Growth Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DIG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.6%

DIG

-1.2%

GB Capital Markets

2.0%

GB Market


1 Year Return

-5.4%

DIG

9.7%

GB Capital Markets

-12.8%

GB Market

Return vs Industry: DIG underperformed the UK Capital Markets industry which returned 9.7% over the past year.

Return vs Market: DIG exceeded the UK Market which returned -12.5% over the past year.


Shareholder returns

DIGIndustryMarket
7 Day0.6%-1.2%2.0%
30 Day6.0%8.4%5.7%
90 Day-8.8%1.2%-8.2%
1 Year-0.9%-5.4%12.2%9.7%-8.6%-12.8%
3 Year8.9%-5.6%57.2%46.0%-6.2%-17.6%
5 Year23.9%-2.6%127.6%102.2%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Dunedin Income Growth Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dunedin Income Growth Investment Trust undervalued compared to its fair value and its price relative to the market?

47.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DIG (£2.55) is trading below our estimate of fair value (£4.81)

Significantly Below Fair Value: DIG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DIG is good value based on its PE Ratio (4.3x) compared to the Capital Markets industry average (15.4x).

PE vs Market: DIG is good value based on its PE Ratio (4.3x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DIG is good value based on its PB Ratio (0.8x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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

16.1%

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 Dunedin Income Growth 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 Dunedin Income Growth Investment Trust performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DIG has high quality earnings.

Growing Profit Margin: DIG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DIG's earnings have grown by 17.9% per year over the past 5 years.

Accelerating Growth: DIG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DIG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.4%).


Return on Equity

High ROE: DIG's Return on Equity (18.5%) is considered low.

Financial Health

How is Dunedin Income Growth Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: DIG's short term assets (£18.9M) exceed its short term liabilities (£11.5M).

Long Term Liabilities: DIG's short term assets (£18.9M) do not cover its long term liabilities (£29.7M).


Debt to Equity History and Analysis

Debt Level: DIG's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: DIG's debt to equity ratio has reduced from 9.1% to 8.7% over the past 5 years.

Debt Coverage: DIG's debt is well covered by operating cash flow (42.7%).

Interest Coverage: DIG's interest payments on its debt are well covered by EBIT (47.1x coverage).


Balance Sheet

Dividend

What is Dunedin Income Growth Investment Trust's current dividend yield, its reliability and sustainability?

4.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DIG's dividend (4.99%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: DIG's dividend (4.99%) is low compared to the top 25% of dividend payers in the UK market (5.68%).


Stability and Growth of Payments

Stable Dividend: DIG's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.7%), DIG's dividend payments are well 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.

Management

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

9.2yrs

Average board tenure


CEO

Dunedin Income Growth Investment Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Peter Wolton
Independent Non Executive Director of Aberdeen Asset Managers Limited14yrsUK£20.00kno data
John Carson
Senior Independent Non Executive Director of Aberdeen Asset Managers Limitedno dataUK£23.00kno data
Elisabeth Scott
Independent Non-Executive Director of Aberdeen Asset Managers Limited8.33yrsUK£20.00k0.0032% £12.2k
M. Claydon
Independent Non-Executive Director of Aberdeen Asset Managers Limited9.17yrsUK£20.00k0.0027% £10.2k

9.2yrs

Average Tenure

59yo

Average Age

Experienced Board: DIG's board of directors are considered experienced (9.2 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Dunedin Income Growth Investment Trust PLC's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Dunedin Income Growth Investment Trust PLC
  • 10 Queens Terrace
  • Aberdeen
  • AB10 1YG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DIGLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
DIGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

Dunedin Income Growth Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund is co-managed by Aberdeen Asset Managers Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying growth stocks of companies across all market capitalizations. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as management, business focus, balance sheet, corporate governance, financial ratios, and business prospects to create its portfolio. It benchmarks the performance of its portfolio against the FTSE All-Share Index. The fund was previously known as The First Scottish American Trust PLC. Dunedin Income Growth Investment Trust PLC was formed on February 1, 1873 and is domiciled in the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 20:52
End of Day Share Price2020/05/29 00:00
Earnings2020/01/31
Annual Earnings2020/01/31


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.