North American Income Trust (The) (NAIT)

Sector:

Investment Firms

Index:

FTSE Small Cap

294.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 295.31
  • 52 Week Low: 258.50
  • Currency: UK Pounds
  • Shares Issued: 135.09m
  • Volume: 213,784
  • Market Cap: £397.16m

Key Financials

Growth Metrics 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Annualisation Factor 1.0 1.0 1.0 1.0
Dividend Yield 1.2% 1.1% 1.0% 1.0%
Price/Earnings (Company Adjusted) 84.8 91.1 94.0 98.2
Price/Earnings Growth (Company Adjusted) 8.5 4.3 23.5 n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 85.07%
85.07%		 85.13%
85.13%		 83.16%
n/a		 n/a
n/a

Gearing 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Net Gearing n/a n/a n/a n/a

Value Metrics 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Price/Book Value 0.2 0.2 0.2 0.2
Price/Tangible Book Value 0.2 0.2 0.2 0.2
Price/ Cash Flow 17.1 12.8 18.7 19.7
Price/Sales 10.10 10.86 10.93 11.12
Price/R&D n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 585.55p 596.71p 498.84p 512.50p
Net Cash per Share n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Turnover 8.86 8.63 7.69 7.71
EBITDA 7.53
7.53		 7.35
7.35		 n/a
n/a		 n/a
n/a
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Profit Before Tax 7.53
7.53		 7.35
7.35		 6.39
6.39		 6.23
6.23
         
Turnover per Share 11.62p 10.50p 8.87p 8.72p
Pre-Tax Profit per Share 9.88p
9.88p		 8.94p
8.94p		 7.38p
7.38p		 7.05p
7.05p
Market Capitalisation £ (Millions) 85.09 96.55 80.44 85.73
Enterprise Value (EV) £ (Millions) 85.09 95.47 80.44 85.73
EBITDA/EV 8.86%
8.86%		 7.70%
7.70%		 n/a
n/a		 n/a
n/a
Operating Margin 85.07%
85.07%		 85.13%
85.13%		 83.16%
n/a		 n/a
n/a
Capital Employed £ (Millions) 446.41 490.57 432.38 453.03
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 446.41 490.57 429.85 453.03
Return on Equity (ROE) 1.18%
1.18%		 1.05%
1.05%		 1.04%
1.04%		 0.96%
0.96%
EPS Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share - Adjusted 1.38p 1.25p 1.03p 0.99p
EPS Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Basic 10%
11%		 21%
21%		 4%
5%		 n/a
n/a
EPS Company Adjusted Growth 10% 21% 4% n/a
Earnings per Share Growth - Diluted 10%
11%		 21%
21%		 4%
5%		 n/a
n/a
Tax Rate 29.97% 30.01% 30.00% 29.93%
Price/Earnings n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Diluted 8.5
1.5		 4.3
0.9		 23.5
3.8		 n/a
n/a
Operating Cash Flow per Share 9.82p 8.92p 7.61p 7.02p
Gross Cash Flow per Share 6.88p n/a 5.18p 4.92p
Cash Incr/Decr per Share (0.14p) (0.31p) 3.43p 0.12p
Capital Expenditure per Share n/a n/a n/a n/a
Dividend per Share 1.38p 1.20p 1.01p 0.97p
Dividend per Share Growth 15.00% 18.81% 4.12% n/a
Dividend Yield 1.2% 1.1% 1.0% 1.0%
Dividend Cover 1.00
5.02		 1.04
5.21		 1.02
5.11		 1.02
5.09
Shareholders Funds 446.34 490.51 432.33 452.95
Net Borrowings £ (Millions) (4.65) (5.44) (5.32) (2.67)
Net Current Assets 3.96 n/a 4.73 (0.02)
Net Asset Value per Share (inc. Intangibles) 585.55p 596.71p 495.92p 512.50p

Gearing - inc Intangibles 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Shareholders' Funds inc Intangibles 446.34 490.51 432.33 452.95
Net Borrowings £ (Millions) (4.65) (5.44) (5.32) (2.67)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 4.65 5.44 5.32 2.67
Cash 1.04% 1.11% 1.23% 0.59%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

Gearing - exc Intangibles 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Shareholders' Funds exc Intangibles 446.34 490.51 432.33 452.95
Net Borrowings £ (Millions) (4.65) (5.44) (5.32) (2.67)
Net Gearing n/a n/a n/a n/a
Cash & Near Cash 4.65 5.44 5.32 2.67
Cash 1.04% 1.11% 1.23% 0.59%
Gross Borrowings n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a

Cover 31-Jan-07 31-Jan-06 31-Jan-05 31-Jan-04
Quick Ratio n/a n/a n/a n/a
Current Ratio 4.32 4.41 1.63 1.00
Interest Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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