LSE:FCIT

Stock Analysis Report

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Executive Summary

F&C Investment Trust PLC operates as an investment company. More Details

Rewards


Snowflake Analysis

Share Price & News

How has F&C Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FCIT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.0%

FCIT

-3.1%

GB Capital Markets

-4.6%

GB Market


1 Year Return

-5.4%

FCIT

-2.3%

GB Capital Markets

-16.3%

GB Market

Return vs Industry: FCIT underperformed the UK Capital Markets industry which returned -2.3% over the past year.

Return vs Market: FCIT exceeded the UK Market which returned -16.3% over the past year.


Shareholder returns

FCITIndustryMarket
7 Day-4.0%-3.1%-4.6%
30 Day-4.2%-3.3%-3.5%
90 Day-2.1%2.4%-3.3%
1 Year-3.8%-5.4%0.8%-2.3%-12.8%-16.3%
3 Year16.2%10.6%24.3%9.6%-7.6%-18.9%
5 Year74.7%59.7%75.8%44.3%21.0%-6.3%

Price Volatility Vs. Market

How volatile is F&C Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is F&C Investment Trust undervalued compared to its fair value and its price relative to the market?

33.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FCIT (£6.68) is trading below our estimate of fair value (£10.01)

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


Price To Earnings Ratio

PE vs Industry: FCIT is poor value based on its PE Ratio (23.4x) compared to the GB Capital Markets industry average (16.2x).

PE vs Market: FCIT is poor value based on its PE Ratio (23.4x) compared to the UK market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FCIT is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.1x).

Future Growth

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

17.6%

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 F&C 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 F&C Investment Trust performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCIT has high quality earnings.

Growing Profit Margin: FCIT's current net profit margins (79.4%) are lower than last year (85.3%).


Past Earnings Growth Analysis

Earnings Trend: FCIT's earnings have declined by 2.8% per year over the past 5 years.

Accelerating Growth: FCIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FCIT had negative earnings growth (-41.7%) over the past year, making it difficult to compare to the Capital Markets industry average (3.1%).


Return on Equity

High ROE: FCIT's Return on Equity (3.8%) is considered low.

Financial Health

How is F&C Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: FCIT's short term assets (£58.4M) exceed its short term liabilities (£12.3M).

Long Term Liabilities: FCIT's short term assets (£58.4M) do not cover its long term liabilities (£368.2M).


Debt to Equity History and Analysis

Debt Level: FCIT's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: FCIT's debt to equity ratio has increased from 8.9% to 9.1% over the past 5 years.

Debt Coverage: FCIT's debt is not well covered by operating cash flow (9.7%).

Interest Coverage: FCIT's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet

Dividend

What is F&C Investment Trust current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FCIT's dividend (1.74%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.86%).

High Dividend: FCIT's dividend (1.74%) is low compared to the top 25% of dividend payers in the UK market (5.22%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), FCIT'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?

10.0yrs

Average board tenure


CEO

F&C Investment Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Francesca Ecsery-Merrens
Non-Executive Director7.08yrsUK£13.80k0.0036%
£ 128.5k
Sarah Arkle
Non-Executive Director9.5yrsUK£38.00k0.0019%
£ 66.9k
Jeffrey Hewitt
Non-Executive Director10yrsUK£43.00k0.0048%
£ 171.6k
Christopher Keljik
Senior Independent Directorno dataUK£47.30kno data
Simon Fraser
Chairman10.33yrsUK£69.00k0.0069%
£ 248.3k
Stephen Burley
Non Executive Director12.67yrsUK£38.00kno data
Roger Bone
Non-Executive Director12.5yrsUK£36.00k0.013%
£ 458.8k
Nicholas Moakes
Non-Executive Director9.5yrsUK£36.00k0.016%
£ 579.0k

10.0yrs

Average Tenure

67yo

Average Age

Experienced Board: FCIT's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FCIT 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

F&C Investment Trust PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: F&C Investment Trust PLC
  • Ticker: FCIT
  • Exchange: LSE
  • Founded: 1868
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£3.598b
  • Shares outstanding: 538.67m
  • Website: https://www.bmogam.com/fandc-investment-trust/

Location

  • F&C Investment Trust PLC
  • 100 East Pratt Street
  • Baltimore
  • Maryland
  • 21202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCITLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
FCTNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJan 1992
FLIV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
FCITLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

F&C Investment Trust PLC operates as an investment company. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 04:58
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.