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NITL

National Investment TrustMUSE:NITL.N0000 Stock Report

Market Cap

MU₨1.0b

7D

-1.3%

1Y

15.4%

Updated

25 Oct, 2021

Data

Company Financials
NITL.N0000 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

NITL.N0000 Overview

The National Investment Trust Ltd is a privately owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for National Investment Trust
Historical stock prices
Current Share PriceMU₨37.50
52 Week HighMU₨30.75
52 Week LowMU₨40.45
Beta0.047
1 Month Change6.53%
3 Month Change7.76%
1 Year Change15.38%
3 Year Change53.06%
5 Year Change85.64%
Change since IPO400.00%

Recent News & Updates

Shareholder Returns

NITL.N0000MU Capital MarketsMU Market
7D-1.3%0.2%0.8%
1Y15.4%13.9%14.8%

Return vs Industry: NITL.N0000 exceeded the MU Capital Markets industry which returned 13.5% over the past year.

Return vs Market: NITL.N0000 matched the MU Market which returned 14.7% over the past year.

Price Volatility

Is NITL.N0000's price volatile compared to industry and market?
NITL.N0000 volatility
NITL.N0000 Beta0.047
Industry Beta0.87
Market Beta1

Stable Share Price: NITL.N0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NITL.N0000's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/an/ahttps://www.nit.mu

The National Investment Trust Ltd is a privately owned investment manager. The firm manages equity and fixed income mutual funds. The National Investment Trust Ltd was founded in March 18, 1993 and is based in Mauritius.

National Investment Trust Fundamentals Summary

How do National Investment Trust's earnings and revenue compare to its market cap?
NITL.N0000 fundamental statistics
Market CapMU₨1.01b
Earnings (TTM)MU₨156.80m
Revenue (TTM)MU₨185.42m

6.6x

P/E Ratio

5.5x

P/S Ratio

Is NITL.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NITL.N0000 income statement (TTM)
RevenueMU₨185.42m
Cost of RevenueMU₨0
Gross ProfitMU₨185.42m
ExpensesMU₨28.63m
EarningsMU₨156.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.72
Gross Margin100.00%
Net Profit Margin84.56%
Debt/Equity Ratio0.0%

How did NITL.N0000 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

6.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NITL.N0000 (MUR37.5) is trading above our estimate of fair value (MUR0.33)

Significantly Below Fair Value: NITL.N0000 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NITL.N0000 is poor value based on its PE Ratio (6.6x) compared to the MU Capital Markets industry average (5x).

PE vs Market: NITL.N0000 is good value based on its PE Ratio (6.6x) compared to the MU market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NITL.N0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NITL.N0000 is overvalued based on its PB Ratio (0.8x) compared to the MU Capital Markets industry average (0.7x).


Future Growth

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

8.2%

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 National 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 National Investment Trust performed over the past 5 years?

34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NITL.N0000 has high quality earnings.

Growing Profit Margin: NITL.N0000's current net profit margins (84.6%) are higher than last year (77.1%).


Past Earnings Growth Analysis

Earnings Trend: NITL.N0000's earnings have grown significantly by 34.7% per year over the past 5 years.

Accelerating Growth: NITL.N0000's earnings growth over the past year (52.9%) exceeds its 5-year average (34.7% per year).

Earnings vs Industry: NITL.N0000 earnings growth over the past year (52.9%) exceeded the Capital Markets industry 36.3%.


Return on Equity

High ROE: NITL.N0000's Return on Equity (12.6%) is considered low.


Financial Health

How is National Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: NITL.N0000's short term assets (MUR151.6M) exceed its short term liabilities (MUR13.8M).

Long Term Liabilities: NITL.N0000's short term assets (MUR151.6M) exceed its long term liabilities (MUR5.1M).


Debt to Equity History and Analysis

Debt Level: NITL.N0000 is debt free.

Reducing Debt: NITL.N0000 had no debt 5 years ago.

Debt Coverage: NITL.N0000 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NITL.N0000 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NITL.N0000's dividend (2.67%) is higher than the bottom 25% of dividend payers in the MU market (2.05%).

High Dividend: NITL.N0000's dividend (2.67%) is low compared to the top 25% of dividend payers in the MU market (3.47%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NITL.N0000 has been paying a dividend for less than 10 years.

Growing Dividend: NITL.N0000's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.5%), NITL.N0000's dividend payments are well 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.


Next Steps

Management

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

1.4yrs

Average board tenure


CEO

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


Board Members

Experienced Board: NITL.N0000's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

National Investment Trust Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: National Investment Trust Ltd
  • Ticker: NITL.N0000
  • Exchange: MUSE
  • Founded: 1993
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: MU₨1.014b
  • Shares outstanding: 27.41m
  • Website: https://www.nit.mu

Number of Employees


Location

  • National Investment Trust Ltd
  • Level 8, Newton Tower,
  • Sir William Newton Street,
  • Port Louis
  • 11328
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:45
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.