LSE:JMI

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JPMorgan Smaller Companies Investment Trust

Executive Summary

JPMorgan Smaller Companies Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. More Details

Rewards


Snowflake Analysis

Share Price & News

How has JPMorgan Smaller Companies Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JMI is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JMI's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

JMI

0.5%

GB Capital Markets

-0.2%

GB Market


1 Year Return

28.7%

JMI

14.4%

GB Capital Markets

1.1%

GB Market

Return vs Industry: JMI exceeded the UK Capital Markets industry which returned 14.4% over the past year.

Return vs Market: JMI exceeded the UK Market which returned 1.1% over the past year.


Shareholder returns

JMIIndustryMarket
7 Day2.0%0.5%-0.2%
30 Day11.8%5.3%3.6%
90 Day8.8%7.8%4.2%
1 Year31.3%28.7%18.0%14.4%7.0%1.1%
3 Year72.6%61.0%53.2%35.9%10.6%-2.7%
5 Year147.0%120.0%119.4%82.7%40.5%13.4%

Long-Term Price Volatility Vs. Market

How volatile is JPMorgan Smaller Companies 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 JPMorgan Smaller Companies Investment Trust undervalued compared to its fair value and its price relative to the market?

40.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JMI (£3.59) is trading below our estimate of fair value (£6.05)

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


Price To Earnings Ratio

PE vs Industry: JMI is poor value based on its PE Ratio (36.7x) compared to the GB Capital Markets industry average (21.1x).

PE vs Market: JMI is poor value based on its PE Ratio (36.7x) compared to the UK market (24.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JMI is good value based on its PB Ratio (1.3x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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

24.5%

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 JPMorgan Smaller Companies 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 JPMorgan Smaller Companies Investment Trust performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JMI has high quality earnings.

Growing Profit Margin: JMI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JMI's earnings have grown by 6.5% per year over the past 5 years.

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

Earnings vs Industry: JMI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2%).


Return on Equity

High ROE: JMI's Return on Equity (3.6%) is considered low.

Financial Health

How is JPMorgan Smaller Companies Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: JMI's short term assets (£5.6M) do not cover its short term liabilities (£23.7M).

Long Term Liabilities: JMI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: JMI's debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: JMI's debt to equity ratio has reduced from 10.6% to 10% over the past 5 years.

Debt Coverage: JMI's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: JMI's interest payments on its debt are well covered by EBIT (28.7x coverage).


Balance Sheet

Dividend

What is JPMorgan Smaller Companies Investment Trust current dividend yield, its reliability and sustainability?

1.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JMI's dividend (1.53%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: JMI's dividend (1.53%) is low compared to the top 25% of dividend payers in the UK market (4.48%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.3%), JMI's dividend payments are 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?

11.0yrs

Average board tenure


CEO

JPMorgan Smaller Companies Investment Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Richard Andrew Howard
Independent Non-Executive Director24.08yrsUK£21.00kno data
Michael Quicke
Chairman7.75yrsUK£30.00kno data
Andrew Robson
Independent Non-Executive Director13.92yrsUK£24.00k0%
£ 0
Gordon Humphries
Directorno datano data0.0038%
£ 10.7k
Frances Davies
Independent Non-Executive Director8yrsUK£21.00k0.0052%
£ 14.5k

11.0yrs

Average Tenure

61yo

Average Age

Experienced Board: JMI's board of directors are seasoned and experienced ( 11 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

JPMorgan Smaller Companies Investment Trust plc's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • JPMorgan Smaller Companies Investment Trust plc
  • 20 Finsbury Street
  • Finsbury Dials
  • London
  • Greater London
  • EC2Y 9AQ
  • United Kingdom

Listings

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

Biography

JPMorgan Smaller Companies Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It inve...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 19:12
End of Day Share Price2021/03/03 00:00
Earnings2020/07/31
Annual Earnings2020/07/31


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.