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WTAN

Witan Investment TrustLSE:WTAN Stock Report

Last Price

UK£2.45

Market Cap

UK£1.8b

7D

-2.0%

1Y

5.4%

Updated

20 Jan, 2022

Data

Company Financials
WTAN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends4/6

WTAN Stock Overview

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited.

Price History & Performance

Summary of all time highs, changes and price drops for Witan Investment Trust
Historical stock prices
Current Share PriceUK£2.45
52 Week HighUK£2.58
52 Week LowUK£2.19
Beta0.85
1 Month Change1.03%
3 Month Change-0.81%
1 Year Change5.39%
3 Year Change23.11%
5 Year Change34.34%
Change since IPO688.71%

Recent News & Updates

Shareholder Returns

WTANGB Capital MarketsGB Market
7D-2.0%-1.4%-1.0%
1Y5.4%-3.0%8.3%

Return vs Industry: WTAN exceeded the UK Capital Markets industry which returned -3% over the past year.

Return vs Market: WTAN underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is WTAN's price volatile compared to industry and market?
WTAN volatility
WTAN Average Weekly Movement2.3%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: WTAN is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: WTAN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19096Andrew L. Bellhttps://www.witan.com

Witan Investment Trust plc is a closed-ended equity mutual fund launched and managed by Witan Investment Services Limited. The fund is co-managed by Artemis Investment Management LLP, Lindsell Train Limited, Heronbridge Investment Management LLP, MFS International (UK) Limited, Veritas Asset Management LLP, Lansdowne Partners (UK) LLP, Marathon Asset Management, LLP, Matthews International Capital Management, LLC, Trilogy Global Advisors, LLC, Pzena Investment Management LLC, Tweedy, Browne Company LLC, and GQG Partners, LLC. It invests in public equity markets across the globe.

Witan Investment Trust Fundamentals Summary

How do Witan Investment Trust's earnings and revenue compare to its market cap?
WTAN fundamental statistics
Market CapUK£1.80b
Earnings (TTM)UK£544.36m
Revenue (TTM)UK£568.04m

3.3x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WTAN income statement (TTM)
RevenueUK£568.04m
Cost of RevenueUK£0
Gross ProfitUK£568.04m
ExpensesUK£23.68m
EarningsUK£544.36m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.74
Gross Margin100.00%
Net Profit Margin95.83%
Debt/Equity Ratio11.8%

How did WTAN perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

8%

Payout Ratio

Valuation

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

3.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WTAN (£2.45) is trading above our estimate of fair value (£0.72)

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


Price To Earnings Ratio

PE vs Industry: WTAN is good value based on its PE Ratio (3.3x) compared to the UK Capital Markets industry average (11x).

PE vs Market: WTAN is good value based on its PE Ratio (3.3x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WTAN is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Witan Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

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 Witan 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 Witan Investment Trust performed over the past 5 years?

-11.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: WTAN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WTAN's earnings have declined by 11.9% per year over the past 5 years.

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

Earnings vs Industry: WTAN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (66.7%).


Return on Equity

High ROE: WTAN's Return on Equity (26.8%) is considered high.

Financial Health

How is Witan Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: WTAN's short term assets (£41.2M) do not cover its short term liabilities (£91.6M).

Long Term Liabilities: WTAN's short term assets (£41.2M) do not cover its long term liabilities (£157.6M).


Debt to Equity History and Analysis

Debt Level: WTAN's net debt to equity ratio (10.3%) is considered satisfactory.

Reducing Debt: WTAN's debt to equity ratio has reduced from 12% to 11.8% over the past 5 years.

Debt Coverage: WTAN's debt is not well covered by operating cash flow (8.5%).

Interest Coverage: WTAN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Dividend

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

2.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WTAN's dividend (2.23%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: WTAN's dividend (2.23%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

Stable Dividend: WTAN's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.1%), WTAN's dividend payments are thoroughly covered by earnings.


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?

13.9yrs

Average board tenure


CEO

Andrew L. Bell (65 yo)

11.92yrs

Tenure

UK£486,802

Compensation

Mr. Andrew L. C. Bell, MA, has been Chief Executive Officer of Witan Investment Trust plc since February 8, 2010. Mr. Bell is responsible for the overall management of Witan. He has been the Chief Executiv...


Board Members

Experienced Board: WTAN's board of directors are seasoned and experienced ( 13.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Witan Investment Trust plc's employee growth, exchange listings and data sources


Key Information

  • Name: Witan Investment Trust plc
  • Ticker: WTAN
  • Exchange: LSE
  • Founded: 1909
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£1.799b
  • Shares outstanding: 735.91m
  • Website: https://www.witan.com

Number of Employees


Location

  • Witan Investment Trust plc
  • Cassini House
  • 57 St James's Street
  • London
  • Greater London
  • SW1A 1LD
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:14
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.