Stock Analysis Report

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Executive Summary

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

Snowflake Analysis

Share Price & News

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

Latest Share Price and Events

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.

Market Performance

7 Day Return




GB Capital Markets


GB Market

1 Year Return




GB Capital Markets


GB Market

Return vs Industry: WTAN matched the UK Capital Markets industry which returned 13.6% over the past year.

Return vs Market: WTAN exceeded the UK Market which returned -0.2% over the past year.

Shareholder returns

7 Day-3.9%-1.7%-2.3%
30 Day-0.2%2.8%-0.1%
90 Day6.2%11.9%4.2%
1 Year17.0%13.8%19.2%15.5%7.1%1.1%
3 Year17.2%8.7%50.7%33.5%9.7%-3.4%
5 Year71.2%52.1%111.8%76.1%36.9%10.5%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: WTAN (£2.23) is trading above our estimate of fair value (£2.23)

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

Price To Earnings Ratio

PE vs Industry: WTAN is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.

PE vs Market: WTAN is unprofitable, so we can't compare its PE Ratio to the UK market.

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 (1.1x) 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?


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?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WTAN is currently unprofitable.

Growing Profit Margin: WTAN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: WTAN is unprofitable, and losses have increased over the past 5 years at a rate of 14.4% per year.

Accelerating Growth: Unable to compare WTAN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WTAN is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-1.4%).

Return on Equity

High ROE: WTAN has a negative Return on Equity (-9.35%), as it is currently unprofitable.

Financial Health

How is Witan Investment Trust's financial position?

Financial Position Analysis

Short Term Liabilities: WTAN's short term assets (£26.3M) exceed its short term liabilities (£9.3M).

Long Term Liabilities: WTAN's short term assets (£26.3M) do not cover its long term liabilities (£157.0M).

Debt to Equity History and Analysis

Debt Level: WTAN's debt to equity ratio (9.2%) is considered satisfactory.

Reducing Debt: WTAN's debt to equity ratio has reduced from 12.1% to 9.2% over the past 5 years.

Debt Coverage: WTAN's debt is not well covered by operating cash flow (19.3%).

Interest Coverage: Insufficient data to determine if WTAN's interest payments on its debt are well covered by EBIT.

Balance Sheet


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WTAN's dividend (2.44%) is higher than the bottom 25% of dividend payers in the UK market (1.48%).

High Dividend: WTAN's dividend (2.44%) is low compared to the top 25% of dividend payers in the UK market (4.52%).

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: WTAN is paying a dividend but the company is unprofitable.

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.


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Andrew L. Bell (64 yo)





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

Andrew L. Bell
Chief Executive Officer and Director11yrsUK£486.80k0.11%
£ 1.9m
Anthony Watson
Senior Independent Director13yrsUK£31.00k0.016%
£ 278.7k
Harry Henderson
Chairman17.92yrsUK£51.50kno data
Richard Oldfield
Non-Executive Director9.75yrsUK£27.00kno data
Andrew John Ross
Non-Executive Directorno datano data0.032%
£ 557.1k
Suzy Anne Efua Neubert
Non-Executive Director8.83yrsUK£27.00k0.0065%
£ 114.9k
Robert Boyle
Non-Executive Director14yrsUK£31.00kno data
James Edward Bevan
Non-Executive Director14yrsUK£27.00kno data
M. Claydon
Non-Executive Director11.92yrsUK£31.00kno data


Average Tenure


Average Age

Experienced Board: WTAN's board of directors are seasoned and experienced ( 12.5 years average tenure).


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

Insider Trading Volume

Insider Buying: WTAN 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

Witan Investment Trust plc's company bio, 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
  • Market Cap: UK£1.760b
  • Shares outstanding: 789.04m
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WITI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
WTANLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
WTANLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992


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 Limite...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 19:42
End of Day Share Price2021/02/26 00:00
Annual Earnings2019/12/31

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.