LSE:MUT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Murray Income Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. More Details


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0.2%

MUT

0.5%

GB Capital Markets

-0.2%

GB Market


1 Year Return

-2.6%

MUT

14.4%

GB Capital Markets

1.1%

GB Market

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

Return vs Market: MUT underperformed the UK Market which returned 1.1% over the past year.


Shareholder returns

MUTIndustryMarket
7 Day0.2%0.5%-0.2%
30 Day3.2%5.3%3.6%
90 Day1.7%7.8%4.2%
1 Year2.0%-2.6%18.0%14.4%7.0%1.1%
3 Year27.2%11.7%53.2%35.9%10.6%-2.7%
5 Year59.3%27.9%119.4%82.7%40.5%13.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Murray Income Trust undervalued compared to its fair value and its price relative to the market?

0.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MUT (£8.38) is trading above our estimate of fair value (£3.17)

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


Price To Earnings Ratio

PE vs Industry: MUT is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.

PE vs Market: MUT is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MUT is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Murray Income 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 Murray Income 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 Murray Income Trust performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUT is currently unprofitable.

Growing Profit Margin: MUT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MUT is unprofitable, and losses have increased over the past 5 years at a rate of 13.8% per year.

Accelerating Growth: Unable to compare MUT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MUT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2%).


Return on Equity

High ROE: MUT has a negative Return on Equity (-2.43%), as it is currently unprofitable.

Financial Health

How is Murray Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: MUT's short term assets (£23.3M) exceed its short term liabilities (£10.4M).

Long Term Liabilities: MUT's short term assets (£23.3M) do not cover its long term liabilities (£113.1M).


Debt to Equity History and Analysis

Debt Level: MUT's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: MUT's debt to equity ratio has increased from 11% to 11.9% over the past 5 years.

Debt Coverage: MUT's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: Insufficient data to determine if MUT's interest payments on its debt are well covered by EBIT.


Balance Sheet

Dividend

What is Murray Income Trust current dividend yield, its reliability and sustainability?

4.09%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: MUT's dividend (4.09%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: MUT's dividend (4.09%) is low compared to the top 25% of dividend payers in the UK market (4.48%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: MUT is paying a dividend but the company is unprofitable.


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?

7.3yrs

Average board tenure


CEO

Murray Income Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
David Woods
Senior Independent Director6.42yrsUK£22.00kno data
Neil Honebon
Chairman6.42yrsUK£22.00kno data
Michael Balfour
Independent Non Executive Directorno datano datano data
Neil Rogan
Non-Executive Director7.33yrsUK£13.14k0.030%
£ 289.1k
Merryn R. Webb
Non-Executive Directorno datano data0.0011%
£ 10.4k
Jean Park
Independent Non-Executive Director8.67yrsUK£25.41k0.0048%
£ 46.0k
Donald Cameron
Non-Executive Director8.5yrsUK£22.00k0.0014%
£ 13.8k

7.3yrs

Average Tenure

68yo

Average Age

Experienced Board: MUT's board of directors are considered experienced (7.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 77%.


Top Shareholders

Company Information

Murray Income Trust PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Murray Income Trust PLC
  • Ticker: MUT
  • Exchange: LSE
  • Founded: 1923
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£966.804m
  • Shares outstanding: 117.05m
  • Website: https://www.murray-income.co.uk/itmurrayincome/

Location

  • Murray Income Trust PLC
  • 10 Queens Terrace
  • Aberdeen
  • AB10 1YG
  • United Kingdom

Listings

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

Biography

Murray Income Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in the public equi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:34
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.