LSE:SMT

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Scottish Mortgage Investment Trust

Executive Summary

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Scottish Mortgage Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

-4.2%

SMT

0.5%

GB Capital Markets

-0.2%

GB Market


1 Year Return

90.5%

SMT

14.4%

GB Capital Markets

1.1%

GB Market

Return vs Industry: SMT exceeded the UK Capital Markets industry which returned 15.2% over the past year.

Return vs Market: SMT exceeded the UK Market which returned 2% over the past year.


Shareholder returns

SMTIndustryMarket
7 Day-4.2%0.5%-0.2%
30 Day-9.2%5.3%3.6%
90 Day5.4%7.8%4.2%
1 Year91.2%90.5%18.0%14.4%7.0%1.1%
3 Year153.8%149.7%53.2%35.9%10.6%-2.7%
5 Year393.6%377.2%119.4%82.7%40.5%13.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Scottish Mortgage Investment Trust undervalued compared to its fair value and its price relative to the market?

2.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SMT (£11.94) is trading above our estimate of fair value (£11)

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


Price To Earnings Ratio

PE vs Industry: SMT is good value based on its PE Ratio (2.5x) compared to the GB Capital Markets industry average (21.1x).

PE vs Market: SMT is good value based on its PE Ratio (2.5x) compared to the UK market (24x).


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 (1.2x) compared to the GB Capital Markets industry average (1.5x).

Future Growth

How is Scottish Mortgage 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 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?

39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMT has a high level of non-cash earnings.

Growing Profit Margin: SMT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SMT's earnings have grown significantly by 39.3% per year over the past 5 years.

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

Earnings vs Industry: SMT 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: SMT's Return on Equity (48.4%) is considered outstanding.

Financial Health

How is Scottish Mortgage Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: SMT's short term assets (£78.7M) do not cover its short term liabilities (£307.0M).

Long Term Liabilities: SMT's short term assets (£78.7M) do not cover its long term liabilities (£613.1M).


Debt to Equity History and Analysis

Debt Level: SMT's debt to equity ratio (6.1%) is considered satisfactory.

Reducing Debt: SMT's debt to equity ratio has reduced from 15.5% to 6.1% 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 (226x coverage).


Balance Sheet

Dividend

What is Scottish Mortgage Investment Trust current dividend yield, its reliability and sustainability?

0.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMT's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: SMT's dividend (0.27%) is low compared to the top 25% of dividend payers in the UK market (4.52%).


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?

12.3yrs

Average board tenure


CEO

Scottish Mortgage Investment Trust has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
William McQueen
Director20.08yrsUK£33.00kno data
John Kay
Director12.25yrsUK£29.00kno data
Michael Gray
Senior Independent Director11.75yrsUK£29.00kno data
Fiona McBain
Chairmanno dataUK£29.00k0.00050%
£ 83.5k

12.3yrs

Average Tenure

71.5yo

Average Age

Experienced Board: SMT's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SMT 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 company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Scottish Mortgage Investment Trust PLC
  • Calton Square
  • 1 Greenside Row
  • Edinburgh
  • Midlothian
  • EH1 3AN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STMZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SMTLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
SMTLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992
1IZ1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SMT/UKBVL (Bolsa de Valores de Lima)YesOrdinary SharesPEUSDJan 1992

Biography

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 mar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 20:15
End of Day Share Price2021/03/03 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.