THE MERCANTILE INVESTMENT TRUST PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 227.5 GBX | +1.34% |
|
+2.94% | +2.71% |
| Apr. 12 | Mercantile Investment Trust return outperforms benchmark | AN |
| Apr. 12 | Mercantile Investment Trust Swings to Net Return in Fiscal 2024 | MT |
Valuation
| Fiscal Period: January | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,761 | 1,522 | 2,066 | 1,828 | 1,931 | 1,655 |
| Enterprise Value (EV) 1 | 1,832 | 1,516 | 2,171 | 2,063 | 2,193 | 1,498 |
| P/E ratio | 4.36 x | -9.49 x | 4.28 x | -12.7 x | 7.31 x | -6.02 x |
| Yield | 2.47% | 3.28% | 2.53% | 2.9% | 2.83% | 3.41% |
| Capitalization / Revenue | 4.07 x | -10.7 x | 4.11 x | -14.8 x | 6.68 x | -6.55 x |
| EV / Revenue | 4.23 x | -10.6 x | 4.32 x | -16.7 x | 7.58 x | -5.92 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | 7.19 x | -16 x | 7.31 x | -24.7 x | 13.4 x | -8.81 x |
| FCF Yield | 13.9% | -6.24% | 13.7% | -4.05% | 7.48% | -11.4% |
| Price to Book | 0.87 x | 0.87 x | 0.95 x | 0.92 x | 0.88 x | 0.89 x |
| Nbr of stocks (in thousands) | 819,000 | 792,492 | 791,523 | 791,523 | 791,523 | 790,081 |
| Reference price 2 | 2.150 | 1.920 | 2.610 | 2.310 | 2.440 | 2.095 |
| Announcement Date | 4/17/18 | 4/12/19 | 6/11/20 | 6/10/21 | 4/7/22 | 4/5/23 |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 433.1 | -142.5 | 503.2 | -123.2 | 289.2 | -252.8 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 424.4 | -151 | 494.7 | -131.8 | 278.6 | -261.1 |
| Operating Margin | 97.99% | 105.94% | 98.32% | 106.97% | 96.32% | 103.29% |
| Earnings before Tax (EBT) 1 | 413.4 | -161.9 | 483.8 | -142.9 | 265.7 | -275.2 |
| Net income 1 | 413.2 | -161.9 | 483.2 | -143.6 | 264.2 | -275.3 |
| Net margin | 95.39% | 113.56% | 96.03% | 116.52% | 91.38% | 108.91% |
| EPS 2 | 0.4930 | -0.2022 | 0.6101 | -0.1814 | 0.3338 | -0.3482 |
| Free Cash Flow 1 | 254.8 | -94.61 | 297.1 | -83.58 | 164 | -170 |
| FCF margin | 58.83% | 66.38% | 59.04% | 67.83% | 56.71% | 67.26% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | 61.67% | - | 61.48% | - | 62.06% | - |
| Dividend per Share 2 | 0.0530 | 0.0630 | 0.0660 | 0.0670 | 0.0690 | 0.0715 |
| Announcement Date | 4/17/18 | 4/12/19 | 6/11/20 | 6/10/21 | 4/7/22 | 4/5/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 71.1 | - | 106 | 235 | 262 | - |
| Net Cash position 1 | - | 5.25 | - | - | - | 158 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 255 | -94.6 | 297 | -83.6 | 164 | -170 |
| ROE (net income / shareholders' equity) | 22% | -8.58% | 24.6% | -6.89% | 12.6% | -13.6% |
| ROA (Net income/ Total Assets) | 12.8% | -4.54% | 14.3% | -3.56% | 7.25% | -6.89% |
| Assets 1 | 3,230 | 3,565 | 3,369 | 4,037 | 3,644 | 3,997 |
| Book Value Per Share 2 | 2.470 | 2.210 | 2.760 | 2.510 | 2.780 | 2.360 |
| Cash Flow per Share 2 | 0.1200 | 0.1300 | 0.0900 | 0.0300 | 0.0800 | 0.2000 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 4/17/18 | 4/12/19 | 6/11/20 | 6/10/21 | 4/7/22 | 4/5/23 |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.275
Average target price
-
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.71% | 2.17B | |
| +3.12% | 14.32B | |
| +3.53% | 6.21B | |
| +13.10% | 4.4B | |
| +11.15% | 4.36B | |
| -6.14% | 4B | |
| +4.78% | 3.51B | |
| +8.55% | 3.22B | |
| +8.66% | 3.06B | |
| -2.90% | 2.77B |
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- Financials The Mercantile Investment Trust plc
