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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 7.0x - 7.7x | 7.3x |
Selected Fwd P/E Multiple | 6.2x - 6.9x | 6.5x |
Fair Value | £2.30 - £2.54 | £2.42 |
Upside | -19.9% - -11.5% | -15.7% |
Benchmarks | - | Full Ticker |
Lowland Investment Company plc | - | LSE:LWI |
JPMorgan Claverhouse Investment Trust plc | - | LSE:JCH |
abrdn UK Smaller Companies Growth Trust plc | - | LSE:AUSC |
Schroders Investment Trusts - Schroder Asian Total Return Investment Company plc | - | LSE:ATR |
Henderson Far East Income Limited | - | LSE:HFEL |
Dunedin Income Growth Investment Trust PLC | - | LSE:DIG |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
LWI | JCH | AUSC | ATR | HFEL | DIG | |||
LSE:LWI | LSE:JCH | LSE:AUSC | LSE:ATR | LSE:HFEL | LSE:DIG | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | -18.3% | NM- | 3.7% | 6.8% | NM- | ||
3Y CAGR | -24.1% | -26.1% | -36.1% | 15.3% | 9.8% | NM- | ||
Latest Twelve Months | 9.1% | 18.3% | 1204.1% | 57.2% | 169.9% | 50.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 90.7% | 41.7% | 44.7% | 88.4% | 26.3% | 69.6% | ||
Prior Fiscal Year | 92.1% | 84.9% | 117.6% | 84.9% | 119.2% | 35.9% | ||
Latest Fiscal Year | 92.3% | 87.6% | 90.7% | 83.0% | 81.1% | 82.8% | ||
Latest Twelve Months | 92.3% | 87.6% | 86.7% | 83.0% | 81.1% | 88.7% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
Price / LTM Sales | 5.1x | 10.8x | 7.1x | 6.5x | 7.6x | 8.7x | ||
LTM P/E Ratio | 5.5x | 12.3x | 8.2x | 7.8x | 9.4x | 9.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 5.5x | 8.2x | 12.3x | |||||
Historical LTM P/E Ratio | -57.6x | 6.9x | 16.5x | |||||
Selected P/E Multiple | 7.0x | 7.3x | 7.7x | |||||
(x) LTM Net Income | 39 | 39 | 39 | |||||
(=) Equity Value | 272 | 287 | 301 | |||||
(/) Shares Outstanding | 133.7 | 133.7 | 133.7 | |||||
Implied Value Range | 2.04 | 2.14 | 2.25 | |||||
FX Rate: GBP/GBP | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 2.04 | 2.14 | 2.25 | 2.87 | ||||
Upside / (Downside) | -29.0% | -25.3% | -21.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | LWI | JCH | AUSC | ATR | HFEL | DIG | |
Value of Common Equity | 317 | 410 | 319 | 435 | 369 | 384 | |
(/) Shares Outstanding | 242.2 | 55.4 | 67.0 | 93.5 | 169.0 | 133.7 | |
Implied Stock Price | 1.31 | 7.40 | 4.77 | 4.65 | 2.19 | 2.87 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.31 | 7.40 | 4.77 | 4.65 | 2.19 | 2.87 | |
Trading Currency | GBP | GBP | GBP | GBP | GBP | GBP | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |