Smithson Investment Trust (SSON)

Sector:

Investment Firms

Index:

FTSE 250

1,402.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 1,478.00
  • 52 Week Low: 1,182.00
  • Currency: UK Pounds
  • Shares Issued: 134.40m
  • Volume: 228,873
  • Market Cap: £1,884.26m
  • RiskGrade: 71

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 777.5 525.3 n/a n/a 4,992.3
PE Ratio - Diluted 777.5
776.1
525.3
525.2
n/a
n/a
n/a
n/a
4,992.3
4,960.2
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
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 29.46%
29.46%
25.61%
25.61%
(27.05%)
(27.05%)
(9.23%)
(9.23%)
10.61%
10.61%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 777.5 525.3 n/a n/a 4,992.3
PE Ratio - Diluted 777.5
776.1
525.3
525.2
n/a
n/a
n/a
n/a
4,992.3
4,960.2
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.9 0.9 1.0 0.9 0.9
Price/Tangible Book Value 0.9 0.9 1.0 0.9 0.9
Price/ Cash Flow 696.8 1,988.1 (382.1) (622.1) (2,735.5)
Price/Revenue 75.43 73.01 14,731.40 133.22 81.99
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,538.57p 1,382.08p 2,113.87p 1,864.57p 1,463.51p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 31.12 31.34 0.22 16.05 15.55
EBITDA 9.17
9.17
8.03
8.03
(0.06)
(0.06)
(1.48)
(1.48)
1.65
1.65
Depreciation n/a
n/a
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
n/a
n/a
Profit Before Tax 9.17
9.17
8.03
8.03
(0.06)
(0.06)
(1.48)
(1.48)
1.65
1.65
           
Revenue per Share 18.76p 17.91p 0.14p 12.84p 15.83p
Pre-Tax Profit per Share 5.53p
5.53p
4.59p
4.59p
(0.037p)
(0.037p)
(1.18p)
(1.18p)
1.68p
1.68p
Market Capitalisation £ (Millions) 2,259.66 2,242.02 3,468.30 2,418.30 1,486.35
Enterprise Value (EV) £ (Millions) 2,259.66 2,242.02 3,468.30 2,418.30 1,486.35
EBITDA/EV 0.41%
0.41%
0.36%
0.36%
n/a
n/a
(0.06%)
(0.06%)
0.11%
0.11%
Operating Margin 29.46%
29.46%
25.61%
25.61%
(27.05%)
(27.05%)
(9.23%)
(9.23%)
10.61%
10.61%
Capital Employed £ (Millions) 2,551.94 2,417.97 3,367.07 2,331.95 1,437.31
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) 2,551.94 2,417.97 3,367.07 2,331.95 1,437.31
           
Earnings per Share - Basic 1.82p
1.82p
2.49p
2.49p
(5.27p)
(5.27p)
(2.29p)
(2.29p)
0.26p
0.26p
Earnings per Share - Diluted 1.82p
1.82p
2.49p
2.49p
(5.27p)
(5.27p)
(2.29p)
(2.29p)
0.26p
0.26p
Earnings per Share - Adjusted 1.82p 2.49p (5.27)p (2.29)p 0.26p
Earnings per Share Growth - Basic -27%
-27%
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted -27%
-27%
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted -27% n/a n/a n/a n/a
PE Ratio - Diluted 777.5
776.1
525.3
525.2
n/a
n/a
n/a
n/a
4,992.3
4,960.2
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Tax Rate 67.02% 45.72% (43.39%) (93.72%) 84.41%
Dividend Cover n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Interest Cover n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 1.82p
1.82p
2.49p
2.49p
(0.053p)
(0.053p)
(2.29p)
(2.29p)
0.26p
0.26p
Earnings per Share - Diluted 1.82p
1.82p
2.49p
2.49p
(0.053p)
(0.053p)
(2.29p)
(2.29p)
0.26p
0.26p
Earnings per Share - Adjusted 1.82p 2.49p (0.053p) (2.29p) 0.26p
Earnings per Share Growth - Basic -27%
-27%
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Diluted -27%
-27%
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Earnings per Share Growth - Adjusted -27% n/a n/a n/a n/a
PE Ratio - Diluted 777.5
776.1
525.3
525.2
n/a
n/a
n/a
n/a
4,992.3
4,960.2
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Dividend Cover n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Return on Equity (ROE) 0.12%
0.12%
0.18%
0.18%
n/a
n/a
(0.12%)
(0.12%)
0.02%
0.02%
Operating Cash Flow per Share 2.03p 0.66p (5.29p) (2.75p) (0.47p)
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (4.83p) (4.28p) (0.11p) 15.40p 32.15p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a n/a n/a
Dividend per Share Growth n/a n/a n/a n/a n/a
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0%
Shareholders Funds 2,551.94 2,417.97 3,367.07 2,331.95 1,437.31
Net Borrowings £ (Millions) (16.58) (24.59) (32.08) (50.05) (31.56)
Net Asset Value per Share (inc. Intangibles) 1,538.57p 1,382.08p 2,113.87p 1,864.57p 1,463.51p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 2,551.94 2,417.97 3,367.07 2,331.95 1,437.31
Net Borrowings £ (Millions) (16.58) (24.59) (32.08) (50.05) (31.56)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 16.58 24.59 32.08 50.05 31.56
Cash 0.65% 1.02% 0.95% 2.15% 2.20%
Gross Borrowings n/a n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 2,551.94 2,417.97 3,367.07 2,331.95 1,437.31
Net Borrowings £ (Millions) (16.58) (24.59) (32.08) (50.05) (31.56)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 16.58 24.59 32.08 50.05 31.56
Cash 0.65% 1.02% 0.95% 2.15% 2.20%
Gross Borrowings n/a n/a n/a n/a n/a
Gross Gearing n/a n/a n/a n/a n/a
Borrowings Under 5 years n/a n/a n/a n/a n/a
Under 5 years n/a n/a n/a n/a n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 3.38 6.58 6.21 12.65 21.06

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

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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