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SMT

Scottish Mortgage Investment TrustLSE:SMT Stock Report

Last Price

UK£11.50

Market Cap

UK£16.5b

7D

0.9%

1Y

-5.9%

Updated

17 Jan, 2022

Data

Company Financials
SMT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Scottish Mortgage Investment Trust
Historical stock prices
Current Share PriceUK£11.50
52 Week HighUK£15.69
52 Week LowUK£9.47
Beta0.51
1 Month Change-15.38%
3 Month Change-20.12%
1 Year Change-5.93%
3 Year Change136.82%
5 Year Change242.11%
Change since IPO3,863.79%

Recent News & Updates

Shareholder Returns

SMTGB Capital MarketsGB Market
7D0.9%-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

Is SMT's price volatile compared to industry and market?
SMT volatility
SMT Average Weekly Movement4.1%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

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

FoundedEmployeesCEOWebsite
1909n/an/ahttps://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

How do Scottish Mortgage Investment Trust's earnings and revenue compare to its market cap?
SMT fundamental statistics
Market CapUK£16.49b
Earnings (TTM)UK£5.52b
Revenue (TTM)UK£5.63b

3.0x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMT income statement (TTM)
RevenueUK£5.63b
Cost of RevenueUK£0
Gross ProfitUK£5.63b
ExpensesUK£109.16m
EarningsUK£5.52b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.82
Gross Margin100.00%
Net Profit Margin98.06%
Debt/Equity Ratio8.4%

How did SMT perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

0.905%

Payout Ratio

Valuation

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


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 19:01
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.