| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
SMT Stock Overview
Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£11.50 |
| 52 Week High | UK£15.69 |
| 52 Week Low | UK£9.47 |
| Beta | 0.51 |
| 1 Month Change | -15.38% |
| 3 Month Change | -20.12% |
| 1 Year Change | -5.93% |
| 3 Year Change | 136.82% |
| 5 Year Change | 242.11% |
| Change since IPO | 3,863.79% |
Recent News & Updates
Shareholder Returns
| SMT | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | 0.9% | -0.7% | -0.5% |
| 1Y | -5.9% | -1.9% | 8.7% |
Return vs Industry: SMT underperformed the UK Capital Markets industry which returned -1.9% over the past year.
Return vs Market: SMT underperformed the UK Market which returned 8.7% over the past year.
Price Volatility
| SMT volatility | |
|---|---|
| SMT Average Weekly Movement | 4.1% |
| Capital Markets Industry Average Movement | 4.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.5% |
| 10% least volatile stocks in GB Market | 2.4% |
Stable Share Price: SMT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SMT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1909 | n/a | n/a | https://www.bailliegifford.com/individual-investor/scottish-mortgage-investment-trust.aspx |
Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co. It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.
Scottish Mortgage Investment Trust Fundamentals Summary
| SMT fundamental statistics | |
|---|---|
| Market Cap | UK£16.49b |
| Earnings (TTM) | UK£5.52b |
| Revenue (TTM) | UK£5.63b |
3.0x
P/E Ratio3.0x
P/S RatioIs SMT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SMT income statement (TTM) | |
|---|---|
| Revenue | UK£5.63b |
| Cost of Revenue | UK£0 |
| Gross Profit | UK£5.63b |
| Expenses | UK£109.16m |
| Earnings | UK£5.52b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.82 |
| Gross Margin | 100.00% |
| Net Profit Margin | 98.06% |
| Debt/Equity Ratio | 8.4% |
How did SMT perform over the long term?
See historical performance and comparisonDividends
0.3%
Current Dividend Yield0.905%
Payout RatioValuation
Is Scottish Mortgage Investment Trust undervalued compared to its fair value and its price relative to the market?
33.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMT (£11.5) is trading below our estimate of fair value (£17.19)
Significantly Below Fair Value: SMT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMT is good value based on its PE Ratio (3x) compared to the UK Capital Markets industry average (11x).
PE vs Market: SMT is good value based on its PE Ratio (3x) compared to the UK market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SMT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SMT is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).
Future Growth
How is Scottish Mortgage Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.8%
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 Scottish Mortgage 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 Scottish Mortgage Investment Trust performed over the past 5 years?
47.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMT has a high level of non-cash earnings.
Growing Profit Margin: SMT's current net profit margins (98.1%) are lower than last year (99.1%).
Past Earnings Growth Analysis
Earnings Trend: SMT's earnings have grown significantly by 47.8% per year over the past 5 years.
Accelerating Growth: SMT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMT had negative earnings growth (-21.8%) over the past year, making it difficult to compare to the Capital Markets industry average (66.7%).
Return on Equity
High ROE: SMT's Return on Equity (28.3%) is considered high.
Financial Health
How is Scottish Mortgage Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: SMT's short term assets (£212.9M) do not cover its short term liabilities (£351.2M).
Long Term Liabilities: SMT's short term assets (£212.9M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: SMT's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: SMT's debt to equity ratio has reduced from 11.6% to 8.4% over the past 5 years.
Debt Coverage: SMT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SMT's interest payments on its debt are well covered by EBIT (163.8x coverage).
Balance Sheet
Dividend
What is Scottish Mortgage Investment Trust current dividend yield, its reliability and sustainability?
0.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMT's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: SMT's dividend (0.3%) is low compared to the top 25% of dividend payers in the UK market (4.05%).
Stability and Growth of Payments
Stable Dividend: SMT is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: SMT is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SMT is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SMT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Management
How experienced are the management team and are they aligned to shareholders interests?
13.0yrs
Average board tenure
CEO
Scottish Mortgage Investment Trust has no CEO, or we have no data on them.
Board Members
Experienced Board: SMT's board of directors are seasoned and experienced ( 13 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
Scottish Mortgage Investment Trust PLC's employee growth, exchange listings and data sources
Key Information
- Name: Scottish Mortgage Investment Trust PLC
- Ticker: SMT
- Exchange: LSE
- Founded: 1909
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: UK£16.490b
- Shares outstanding: 1.45b
- Website: https://www.bailliegifford.com/individual-investor/scottish-mortgage-investment-trust.aspx
Location
- Scottish Mortgage Investment Trust PLC
- Calton Square
- 1 Greenside Row
- Edinburgh
- Midlothian
- EH1 3AN
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 19:01 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.