Scottish Mortgage Investment Trust
Market Cap
UK£16.7b
Last Updated
2021/03/03 20:15 UTC
Data Sources
Company Financials
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
| SMT | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | 0.5% | -0.2% |
| 30 Day | -9.2% | 5.3% | 3.6% |
| 90 Day | 5.4% | 7.8% | 4.2% |
| 1 Year | 91.2%90.5% | 18.0%14.4% | 7.0%1.1% |
| 3 Year | 153.8%149.7% | 53.2%35.9% | 10.6%-2.7% |
| 5 Year | 393.6%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
3 years ago | Simply Wall St
Did Scottish Mortgage Investment Trust PLC (LSE:SMT) Create Value For Shareholders?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 20.08yrs | UK£33.00k | no data | |
| Director | 12.25yrs | UK£29.00k | no data | |
| Senior Independent Director | 11.75yrs | UK£29.00k | no data | |
| Chairman | no data | UK£29.00k | 0.00050% £ 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
- Name: Scottish Mortgage Investment Trust PLC
- Ticker: SMT
- Exchange: LSE
- Founded: 1909
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£16.691b
- Shares outstanding: 1.44b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| STMZ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| SMT | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| SMTL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 1IZ1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| SMT/UK | BVL (Bolsa de Valores de Lima) | Yes | Ordinary Shares | PE | USD | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 20:15 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.