F&C Investment Trust (FCIT)

Sector:

Investment Firms

Index:

FTSE 100

1,050.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,050.00
  • 52 Week Low: 831.00
  • Currency: UK Pounds
  • Shares Issued: 501.65m
  • Volume: 302,313
  • Market Cap: £5,267m
  • RiskGrade: 100

Key Financials

Growth Metrics 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 2.8% 1.8% 1.9% 1.8% 2.1%
Price/Earnings (Company Adjusted) 33.1 49.8 46.2 46.4 42.8
Price/Earnings Growth (Company Adjusted) 4.1 12.5 4.2 2.0 8.6
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 90.77%
90.77%		 93.40%
93.40%		 89.15%
89.15%		 89.39%
89.39%		 87.44%
n/a

Gearing 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Net Gearing n/a 6.82% 6.25% 4.27% n/a

Value Metrics 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Price/Book Value 0.9 0.9 0.9 0.9 0.9
Price/Tangible Book Value 0.9 0.9 0.9 0.9 0.9
Price/ Cash Flow 44.7 51.9 44.2 57.5 56.8
Price/Sales 22.91 36.18 33.10 34.22 30.41
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 261.79p 346.96p 307.95p 273.85p 228.49p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Turnover 67.92 63.25 67.22 66.58 59.66
  (8.54)
(8.54)		 (7.36)
(7.36)		 (7.49)
(7.49)		 (6.80)
(6.80)		 n/a
n/a
Profit Before Tax 53.11
53.11		 51.72
51.72		 52.44
52.44		 52.72
52.72		 45.20
45.20
           
Turnover per Share 9.98p 8.81p 8.60p 7.55p 6.39p
Pre-Tax Profit per Share 7.80p
7.80p		 7.20p
7.20p		 6.71p
6.71p		 5.98p
5.98p		 4.85p
4.85p
Market Capitalisation £ (Millions) 1,551.56 2,184.45 2,224.76 2,138.45 1,775.81
Enterprise Value (EV) £ (Millions) 1,772.14 2,376.61 2,394.14 2,249.03 1,990.56
Operating Margin 90.77%
90.77%		 93.40%
93.40%		 89.15%
89.15%		 89.39%
89.39%		 87.44%
n/a
Capital Employed £ (Millions) 1,782.45 2,693.74 2,586.71 2,524.58 2,131.30
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 1,782.45 2,490.95 2,408.14 2,414.00 2,112.46
Return on Equity (ROE) 2.64%
2.64%		 1.84%
1.84%		 2.00%
2.00%		 2.03%
2.03%		 2.00%
2.00%
EPS Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share - Adjusted 6.90p 6.40p 6.16p 5.57p 4.54p
EPS Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Basic 8%
8%		 4%
4%		 11%
11%		 23%
23%		 5%
5%
EPS Company Adjusted Growth 8% 4% 11% 23% 5%
Earnings per Share Growth - Diluted 8%
8%		 4%
4%		 11%
11%		 23%
23%		 5%
5%
Tax Rate 11.52% 11.23% 8.10% 6.82% 6.44%
Price/Earnings n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Diluted 4.1
4.1		 12.5
12.5		 4.2
4.2		 2.0
2.0		 8.6
8.6
Operating Cash Flow per Share 7.53p 6.14p 6.44p 4.50p 5.20p
Gross Cash Flow per Share 5.11p n/a n/a n/a 3.42p
Cash Incr/Decr per Share (4.81p) 0.67p 3.08p 0.16p (0.11p)
Dividend per Share 6.45p 5.85p 5.30p 4.75p 4.00p
Dividend per Share Growth 10.26% 10.38% 11.58% 18.75% 8.11%
Dividend Yield 2.8% 1.8% 1.9% 1.8% 2.1%
Dividend Cover 1.07
1.07		 1.09
1.09		 1.16
1.16		 1.17
1.17		 1.13
1.13
Shareholders Funds 1,782.45 2,490.95 2,408.14 2,414.00 2,131.30
Net Borrowings £ (Millions) 216.55 169.88 150.42 103.18 175.49
Net Current Assets (105.25) n/a n/a n/a (61.88)
Net Asset Value per Share (inc. Intangibles) 261.79p 346.96p 307.95p 273.85p 226.47p

Gearing - inc Intangibles 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Shareholders' Funds inc Intangibles 1,782.45 2,490.95 2,408.14 2,414.00 2,131.30
Net Borrowings £ (Millions) 216.55 169.88 150.42 103.18 175.49
Net Gearing n/a 6.82% 6.25% 4.27% n/a
Cash & Near Cash 4.03 32.91 28.15 7.39 39.26
Cash 0.23% 1.32% 1.17% 0.31% 1.84%
Gross Borrowings 220.57 202.79 178.57 110.57 214.75
Gross Gearing n/a 8.14% 7.42% 4.58% n/a
Borrowings Under 5 years 220.57 202.79 178.57 n/a 104.75
Under 5 years 12.37% 8.14% 7.42% n/a 4.91%
Borrowings Under 1 year 110.00 92.22 68.00 n/a 104.17
Under 1 year 6.17% 3.70% 2.82% n/a 4.89%

Gearing - exc Intangibles 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Shareholders' Funds exc Intangibles 1,782.45 2,490.95 2,408.14 2,414.00 2,131.30
Net Borrowings £ (Millions) 216.55 169.88 150.42 103.18 175.49
Net Gearing n/a 6.82% 6.25% 4.27% n/a
Cash & Near Cash 4.03 32.91 28.15 7.39 39.26
Cash 0.23% 1.32% 1.17% 0.31% 1.84%
Gross Borrowings 220.57 202.79 178.57 110.57 214.75
Gross Gearing n/a 8.14% 7.42% 4.58% n/a
Borrowings Under 5 years 220.57 202.79 178.57 n/a 104.75
Under 5 years 12.37% 8.14% 7.42% n/a 4.91%
Borrowings Under 1 year 110.00 92.22 68.00 n/a 104.17
Under 1 year 6.17% 3.70% 2.82% n/a 4.89%

Cover 31-Dec-08 31-Dec-07 31-Dec-06 31-Dec-05 31-Dec-04
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 0.08 0.41 0.38 1.66 0.35
Interest Cover 7.22
7.22		 8.02
8.02		 8.00
8.00		 8.75
8.75		 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: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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