Scottish Mortgage Inv Trust (SMT)

Sector:

Investment Firms

Index:

FTSE 100

879.80p
   
  • Change Today:
      1.60p
  • 52 Week High: 894.40
  • 52 Week Low: 621.00
  • Currency: UK Pounds
  • Shares Issued: 1,341.77m
  • Volume: 2,089,930
  • Market Cap: £11,805m
  • RiskGrade: 143

Key Financials

Growth Metrics 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 3.5% 1.7% 1.8% 1.6% 2.2%
Price/Earnings (Company Adjusted) 27.9 61.3 55.3 59.1 45.2
Price/Earnings Growth (Company Adjusted) 1.0 n/a 5.0 3.0 n/a
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 98.51%
98.51%		 88.01%
88.01%		 88.59%
88.59%		 88.48%
88.48%		 89.38%
n/a

Gearing 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Net Gearing n/a 23.23% 14.49% 11.93% n/a

Value Metrics 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Price/Book Value 0.2 0.2 0.2 0.2 0.2
Price/Tangible Book Value 0.2 0.2 0.2 0.2 0.2
Price/ Cash Flow 6.1 9.1 7.6 19.5 13.5
Price/Sales 3.35 6.69 6.76 7.34 5.56
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 395.97p 664.50p 623.29p 601.17p 419.66p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Turnover 57.47 49.58 45.52 41.46 35.46
  (10.79)
(10.79)		 (10.02)
(10.02)		 (8.45)
(8.45)		 (7.72)
(7.72)		 n/a
n/a
Profit Before Tax 45.83
45.83		 33.61
33.61		 31.88
31.88		 28.96
28.96		 24.30
24.30
           
Turnover per Share 21.06p 17.94p 16.03p 14.21p 11.97p
Pre-Tax Profit per Share 16.80p
16.80p		 12.16p
12.16p		 11.23p
11.23p		 9.93p
9.93p		 8.21p
8.21p
Market Capitalisation £ (Millions) 192.10 328.79 305.10 300.46 196.87
Enterprise Value (EV) £ (Millions) 510.03 748.39 555.72 532.27 409.96
Operating Margin 98.51%
98.51%		 88.01%
88.01%		 88.59%
88.59%		 88.48%
88.48%		 89.38%
n/a
Capital Employed £ (Millions) 1,080.34 2,276.07 2,045.51 1,985.16 1,242.62
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) 1,080.34 1,836.44 1,769.86 1,753.35 1,229.44
Return on Equity (ROE) 3.20%
3.20%		 1.47%
1.47%		 1.57%
1.57%		 1.47%
1.47%		 1.77%
1.77%
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 2.53p 1.96p 1.96p 1.76p 1.47p
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 29%
30%		 -0%
-0%		 11%
11%		 20%
20%		 -8%
-8%
EPS Company Adjusted Growth 29% -0% 11% 20% -8%
Earnings per Share Growth - Diluted 29%
30%		 -0%
-0%		 11%
11%		 20%
20%		 -8%
-8%
Tax Rate 24.56% 19.53% 12.74% 11.12% 10.27%
Price/Earnings n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Diluted 1.0
0.2		 n/a
n/a		 5.0
1.0		 3.0
0.6		 n/a
n/a
Operating Cash Flow per Share 20.78p 13.16p 14.35p 5.34p 10.28p
Gross Cash Flow per Share 11.52p n/a n/a n/a 4.95p
Cash Incr/Decr per Share 8.34p (2.22p) (1.23p) 4.03p (3.21p)
Dividend per Share 2.46p 2.06p 1.90p 1.70p 1.47p
Dividend per Share Growth 19.42% 8.42% 11.76% 15.65% 5.00%
Dividend Yield 3.5% 1.7% 1.8% 1.6% 2.2%
Dividend Cover 1.03
5.15		 0.95
4.75		 1.03
5.16		 1.04
5.19		 1.00
5.01
Shareholders Funds 1,080.34 1,836.44 1,769.86 1,753.35 1,242.62
Net Borrowings £ (Millions) 282.16 426.60 256.48 209.16 202.19
Net Current Assets (32.78) n/a n/a n/a (24.40)
Net Asset Value per Share (inc. Intangibles) 395.97p 664.50p 623.29p 601.17p 415.21p

Gearing - inc Intangibles 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Shareholders' Funds inc Intangibles 1,080.34 1,836.44 1,769.86 1,753.35 1,242.62
Net Borrowings £ (Millions) 282.16 426.60 256.48 209.16 202.19
Net Gearing n/a 23.23% 14.49% 11.93% n/a
Cash & Near Cash 35.77 13.03 19.17 22.65 10.89
Cash 3.31% 0.71% 1.08% 1.29% 0.88%
Gross Borrowings 317.93 439.63 275.65 231.81 213.08
Gross Gearing n/a 23.94% 15.57% 13.22% n/a
Borrowings Under 5 years 317.93 439.63 275.65 231.81 61.62
Under 5 years 29.43% 23.94% 15.57% 13.22% 4.96%
Borrowings Under 1 year 69.07 109.98 74.15 50.93 31.75
Under 1 year 6.39% 5.99% 4.19% 2.90% 2.56%

Gearing - exc Intangibles 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Shareholders' Funds exc Intangibles 1,080.34 1,836.44 1,769.86 1,753.35 1,242.62
Net Borrowings £ (Millions) 282.16 426.60 256.48 209.16 202.19
Net Gearing n/a 23.23% 14.49% 11.93% n/a
Cash & Near Cash 35.77 13.03 19.17 22.65 10.89
Cash 3.31% 0.71% 1.08% 1.29% 0.88%
Gross Borrowings 317.93 439.63 275.65 231.81 213.08
Gross Gearing n/a 23.94% 15.57% 13.22% n/a
Borrowings Under 5 years 317.93 439.63 275.65 231.81 61.62
Under 5 years 29.43% 23.94% 15.57% 13.22% 4.96%
Borrowings Under 1 year 69.07 109.98 74.15 50.93 31.75
Under 1 year 6.39% 5.99% 4.19% 2.90% 2.56%

Cover 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 31-Mar-05
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 0.58 0.26 0.42 0.59 0.34
Interest Cover 5.25
5.25		 4.35
4.35		 4.77
4.77		 4.75
4.75		 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.

 

Top of Page