OTCPK:EUIT.F

Stock Analysis Report

Executive Summary

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited.


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EUIT.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

EUIT.F

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

n/a

EUIT.F

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: Insufficient data to determine how EUIT.F performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how EUIT.F performed against the US Market.


Shareholder returns

EUIT.FIndustryMarket
7 Day0%-8.6%-10.6%
30 Day0%-7.9%-8.5%
90 Day0%-4.4%-4.6%
1 Yearn/a7.1%4.9%7.4%5.2%
3 Yearn/a25.5%18.4%31.7%23.2%
5 Yearn/a65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EUIT.F ($10.45) is trading above our estimate of fair value ($3.77)

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


Price To Earnings Ratio

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

PE vs Market: EUIT.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EUIT.F is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).

Future Growth

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

7.9%

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 European 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 European Investment Trust performed over the past 5 years?

-4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EUIT.F is currently unprofitable.

Growing Profit Margin: EUIT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EUIT.F is unprofitable, and losses have increased over the past 5 years at a rate of -4.4% per year.

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

Earnings vs Industry: EUIT.F is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (20.6%).


Return on Equity

High ROE: EUIT.F has a negative Return on Equity (-6.82%), as it is currently unprofitable.

Financial Health

How is European Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: EUIT.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: EUIT.F's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: EUIT.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if EUIT.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: EUIT.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if EUIT.F has a sufficient allowance for bad loans.

Low Risk Liabilities: EUIT.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if EUIT.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EUIT.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if EUIT.F has an appropriate level of bad loans.

Dividend

What is European Investment Trust's current dividend yield, its reliability and sustainability?

3.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EUIT.F's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: EUIT.F's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: EUIT.F's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: EUIT.F 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.

Management

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

14.9yrs

Average management tenure


CEO

Alasdair/Sandy Nairn (57yo)

Dr. Alisdair Gordon MacKenzie Nairn, also known as Alasdair/Sandy, Ph.D., serves as the Investment Partner, Co-Founder, Portfolio Manager and Director of Edinburgh Partners Limited. He was previously the C ...


Leadership Team

NamePositionTenureCompensationOwnership
Alisdair Gordon Nairn
Chief Executive Officer0yrsno datano data
Nick Pitt-Lewis
Director of Compliance - F&C Management Limited0yrsno datano data
Laurence Llewellyn
Head of Retail16.8yrsno datano data
Michael Wrobel
14.9yrsno datano data
Kenneth Greig
Company Secretary0yrsno datano data
Robert Dowdall
Director of Finance At F&C Management Limited0yrsno datano data
Peter Jarvis
Lead Manager12.1yrsno datano data
Craig Armour
Portfolio Manager0yrsno datano data

14.9yrs

Average Tenure

63yo

Average Age

Experienced Management: EUIT.F's management team is seasoned and experienced (14.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Douglas Christopher McDougall
Chairman20.3yrsUK£29.50kno data
Michael William Miller MacPhee
Director0yrsno data0.025% £101.9k
Michael Moule
Senior Independent Director0yrsUK£19.00k0.022% £91.7k
Michael Woodward
Independent Non-Executive Director6.1yrsUK£19.00k0.012% £50.9k
William Eason
Non-Executive Director12.3yrsUK£19.00kno data

12.3yrs

Average Tenure

72yo

Average Age

Experienced Board: EUIT.F'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: 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

Baillie Gifford European Growth Trust plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Baillie Gifford European Growth Trust plc
  • Ticker: EUIT.F
  • Exchange: OTCPK
  • Founded: 1972
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£328.394m
  • Listing Market Cap: UK£409.914m
  • Shares outstanding: 40.24m
  • Website: https://www.theeuropeaninvestmenttrust.com

Location

  • Baillie Gifford European Growth Trust plc
  • 27-31 Melville Street
  • Edinburgh
  • Midlothian
  • EH3 7JF
  • United Kingdom

Listings

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

Biography

The European Investment Trust plc is a closed ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies. The fund employs fundamental analysis with a bottom-up stock selection approach, focusing on companies which seek to benefit from restructuring, cost cutting, and other profitability improvements to create its portfolio. It benchmarks the performance of its portfolio against the FTSE All World Europe ex UK Index. The fund was formerly known as Foreign & Colonial Eurotrust plc. The European Investment Trust plc was formed on June 28, 1972 and is domiciled in the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 00:01
End of Day Share Price2019/06/21 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.