THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

Cash flow The Scottish American Investment Company P.L.C.

Equities

SCAM

GB0007873697

Investment Trusts

Market Closed - London S.E. Other stock markets 11:35:08 2025-01-24 am EST			5-day change	1st Jan Change
513.00 ^GBX	0.00%		+0.59%	+2.91%

Sep. 26	The Scottish American Investment Company P.L.C. initiates a Market Repurchase.	CI
Sep. 26	The Scottish American Investment Company P.L.C. commences an Equity Buyback Plan for 26,729,559 shares, representing 14.99% of its issued share capital, under the authorization approved on April 4, 2024.	CI

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Published financial data: THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Gain (Loss) on Sale of Investment, Total (Rev)	95.14M	73.11M	128M	-80.09M	91.35M
Interest And Invest. Income (Rev)	22.95M	23.57M	27.98M	30.04M	30.08M
Total Revenues	118M	96.68M	156M	-50.05M	121M
Gross Profit	118M	96.68M	156M	-50.05M	121M
Selling General & Admin Expenses, Total	4.24M	4.36M	5.14M	5.18M	5.39M
Other Operating Expenses, Total	4.24M	4.36M	5.14M	5.18M	5.39M
Operating Income	114M	92.33M	151M	-55.22M	116M
Interest Expense, Total	-5.63M	-5.58M	-5.7M	-3.68M	-2.84M
Net Interest Expenses	-5.63M	-5.58M	-5.7M	-3.68M	-2.84M
Currency Exchange Gains (Loss)	-56K	-291K	-21K	192K	32K
EBT, Excl. Unusual Items	108M	86.46M	145M	-58.72M	113M
Gain (Loss) On Sale Of Assets	619K	42K	13.68M	-5.11M	-6.05M
EBT, Incl. Unusual Items	109M	86.5M	159M	-63.83M	107M
Income Tax Expense	1.23M	1.36M	1.78M	1.75M	2.13M
Earnings From Continuing Operations	108M	85.14M	157M	-65.58M	105M
Net Income to Company	108M	85.14M	157M	-65.58M	105M
Net Income - (IS)	108M	85.14M	157M	-65.58M	105M
Net Income to Common Incl Extra Items	108M	85.14M	157M	-65.58M	105M
Net Income to Common Excl. Extra Items	108M	85.14M	157M	-65.58M	105M
Per Share Items
Net EPS - Basic	0.75	0.55	0.92	-0.37	0.59
Basic EPS - Continuing Operations	0.75	0.55	0.92	-0.37	0.59
Basic Weighted Average Shares Outstanding	144M	154M	171M	176M	178M
Net EPS - Diluted	0.75	0.55	0.92	-0.37	0.59
Diluted EPS - Continuing Operations	0.75	0.55	0.92	-0.37	0.59
Diluted Weighted Average Shares Outstanding	144M	154M	171M	176M	178M
Normalized Basic EPS	0.47	0.35	0.53	-0.21	0.4
Normalized Diluted EPS	0.47	0.35	0.53	-0.21	0.4
Dividend Per Share	0.12	0.12	0.13	0.14	0.14
Payout Ratio	15.81	21.68	13.4	-36.34	23.64
Supplemental Items
EBITA	114M	92.33M	151M	-55.22M	116M
EBIT	114M	92.33M	151M	-55.22M	116M
Effective Tax Rate - (Ratio)	1.13	1.57	1.12	-2.74	1.99
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Normalized Net Income	67.6M	54.04M	90.68M	-36.7M	70.76M
Interest on Long-Term Debt	5.63M	5.58M	5.7M	3.68M	2.84M
Supplemental Operating Expense Items
General and Administrative Expenses	4.24M	4.36M	5.14M	5.18M	5.39M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.46M	9.7M	11.26M	4.18M	7.34M
Total Cash And Short Term Investments	7.46M	9.7M	11.26M	4.18M	7.34M
Accounts Receivable, Total	999K	1.72M	2.37M	1.68M	1.38M
Other Receivables	502K	814K	1.34M	1.53M	2.17M
Total Receivables	1.5M	2.53M	3.71M	3.21M	3.55M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	8.96M	12.23M	14.97M	7.4M	10.89M
Long-term Investments	592M	719M	938M	870M	955M
Deferred Charges Long-Term	207K	207K	207K	-	-
Other Long-Term Assets, Total	84.8M	84.9M	74.9M	66.75M	66.35M
Total Assets	686M	816M	1.03B	944M	1.03B
Liabilities
Accrued Expenses, Total	2.11M	2.2M	2.27M	1.61M	1.69M
Current Portion of Long-Term Debt	-	-	80.24M	-	-
Unearned Revenue Current, Total	660K	974K	136K	587K	589K
Other Current Liabilities	441K	540K	681K	399K	510K
Total Current Liabilities	3.21M	3.71M	83.33M	2.6M	2.79M
Long-Term Debt	81.93M	81.11M	14.92M	94.71M	94.73M
Total Liabilities	85.14M	84.82M	98.25M	97.31M	97.52M
Common Stock, Total	36.88M	40.65M	43.9M	44.19M	44.58M
Additional Paid In Capital	52.54M	113M	173M	178M	186M
Retained Earnings	211M	293M	397M	298M	356M
Comprehensive Income and Other	300M	285M	316M	326M	348M
Total Common Equity	600M	731M	930M	847M	935M
Total Equity	600M	731M	930M	847M	935M
Total Liabilities And Equity	686M	816M	1.03B	944M	1.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	148M	164M	176M	177M	178M
ECS Total Common Shares Outstanding	148M	163M	176M	177M	178M
Book Value / Share	4.07	4.5	5.3	4.79	5.24
Tangible Book Value	600M	731M	930M	847M	935M
Tangible Book Value Per Share	4.07	4.5	5.3	4.79	5.24
Total Debt	81.93M	81.11M	95.16M	94.71M	94.73M
Net Debt	74.47M	71.41M	83.9M	90.53M	87.39M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	108M	85.14M	157M	-65.58M	105M
(Gain) Loss From Sale Of Asset	-619K	-42K	-13.68M	5.11M	6.05M
(Gain) Loss on Sale of Investments - (CF)	-95.14M	-73.11M	-128M	80.09M	-91.35M
Other Operating Activities, Total	-699K	-464K	-533K	-1.06M	35K
Change In Accounts Receivable	183K	-526K	-1.89M	507K	-340K
Change In Accounts Payable	-	-	-	382K	204K
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	11.28M	11M	12.91M	19.45M	19.64M
Capital Expenditure	-	-	-	-	-
Sale of Property, Plant, and Equipment	4.36M	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	3.04M	-5.65M
Investment in Marketable and Equity Securities, Total	-25.08M	-53.99M	-68.29M	-11.81M	5.67M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-20.72M	-53.99M	-68.29M	-8.77M	12K
Long-Term Debt Issued, Total	-	-	15M	80M	-
Total Debt Issued	-	-	15M	80M	-
Long-Term Debt Repaid, Total	-	-	-	-80M	-
Total Debt Repaid	-	-	-	-80M	-
Issuance of Common Stock	26.49M	63.98M	63.08M	5.9M	8.3M
Common Dividends Paid	-17.01M	-18.46M	-21.04M	-23.83M	-24.83M
Common & Preferred Stock Dividends Paid	-17.01M	-18.46M	-21.04M	-23.83M	-24.83M
Other Financing Activities, Total	-	-	-77K	-16K	-
Cash from Financing	9.48M	45.53M	56.96M	-17.95M	-16.53M
Foreign Exchange Rate Adjustments	-56K	-291K	-21K	192K	32K
Net Change in Cash	-7K	2.24M	1.56M	-7.08M	3.16M
Supplemental Items
Cash Interest Paid	6.4M	6.4M	6.5M	4.78M	2.84M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	68.04M	53.69M	88.89M	-36.82M	70.6M
Unlevered Free Cash Flow	71.56M	57.18M	92.45M	-34.51M	72.38M
Change In Net Working Capital	-403K	528K	1.8M	-2K	145K
Net Debt Issued / Repaid	-	-	15M	0	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.34	7.69	10.22	-3.5	7.34
Return on Total Capital	11.4	7.72	10.26	-3.51	7.36
Return On Equity %	19.84	12.79	18.9	-7.38	11.79
Return on Common Equity	19.84	12.79	18.9	-7.38	11.79
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	3.59	4.5	3.3	-10.34	4.44
EBITA Margin %	96.41	95.5	96.7	110.34	95.56
EBIT Margin %	96.41	95.5	96.7	110.34	95.56
Income From Continuing Operations Margin %	91.08	88.07	100.66	131.04	86.5
Net Income Margin %	91.08	88.07	100.66	131.04	86.5
Net Avail. For Common Margin %	91.08	88.07	100.66	131.04	86.5
Normalized Net Income Margin	57.25	55.89	58.14	73.33	58.28
Levered Free Cash Flow Margin	57.62	55.53	57	73.56	58.14
Unlevered Free Cash Flow Margin	60.6	59.14	59.28	68.96	59.6
Asset Turnover
Asset Turnover	0.19	0.13	0.17	-0.05	0.12
Short Term Liquidity
Current Ratio	2.79	3.29	0.18	2.85	3.91
Quick Ratio	2.79	3.29	0.18	2.85	3.91
Operating Cash Flow to Current Liabilities	3.51	2.96	0.15	7.49	7.05
Long Term Solvency
Total Debt/Equity	13.64	11.09	10.23	11.19	10.13
Total Debt / Total Capital	12.01	9.99	9.28	10.06	9.2
LT Debt/Equity	13.64	11.09	1.6	11.19	10.13
Long-Term Debt / Total Capital	12.01	9.99	1.46	10.06	9.2
Total Liabilities / Total Assets	12.42	10.39	9.55	10.31	9.44
EBIT / Interest Expense	20.22	16.55	26.44	-14.99	40.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.35K	-18.13	61.31	-132.09	-342.62
Gross Profit, 1 Yr. Growth %	-1.35K	-18.13	61.31	-132.09	-342.62
EBITA, 1 Yr. Growth %	-962.86	-18.9	63.34	-136.62	-310.11
EBIT, 1 Yr. Growth %	-962.86	-18.9	63.34	-136.62	-310.11
Earnings From Cont. Operations, 1 Yr. Growth %	-736.03	-20.83	84.37	-141.78	-260.17
Net Income, 1 Yr. Growth %	-736.03	-20.83	84.37	-141.78	-260.17
Normalized Net Income, 1 Yr. Growth %	-668.46	-20.07	67.81	-140.47	-292.83
Diluted EPS Before Extra, 1 Yr. Growth %	-710.09	-25.75	65.9	-140.46	-258.81
Accounts Receivable, 1 Yr. Growth %	-14.03	71.87	38.03	-29.03	-18.19
Total Assets, 1 Yr. Growth %	20.45	19.01	26.04	-8.21	9.4
Tangible Book Value, 1 Yr. Growth %	24.21	21.76	27.22	-8.98	10.45
Common Equity, 1 Yr. Growth %	24.21	21.76	27.22	-8.98	10.45
Cash From Operations, 1 Yr. Growth %	16.8	-2.52	17.37	50.65	0.98
Levered Free Cash Flow, 1 Yr. Growth %	-639.62	-21.09	65.56	-141.42	-291.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-889.61	-20.1	61.7	-137.33	-309.71
Dividend Per Share, 1 Yr. Growth %	3.26	1.05	5.62	9.03	2.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	24.1	219.44	14.92	-28.05	-11.76
Gross Profit, 2 Yr. CAGR %	24.1	219.44	14.92	-28.05	-11.76
EBITA, 2 Yr. CAGR %	24.85	164.53	15.09	-22.66	-12.28
EBIT, 2 Yr. CAGR %	24.85	164.53	15.09	-22.66	-12.28
Earnings From Cont. Operations, 2 Yr. CAGR %	22.26	124.39	20.81	-12.24	-18.2
Net Income, 2 Yr. CAGR %	22.26	124.39	20.81	-12.24	-18.2
Normalized Net Income, 2 Yr. CAGR %	26.23	113.17	15.82	-17.59	-11.66
Diluted EPS Before Extra, 2 Yr. CAGR %	18.06	112.84	10.99	-18.07	-19.84
Accounts Receivable, 2 Yr. CAGR %	11.19	21.56	54.03	-1.02	-23.8
Total Assets, 2 Yr. CAGR %	8.29	19.73	22.47	7.56	0.21
Tangible Book Value, 2 Yr. CAGR %	9.82	22.98	24.46	7.61	0.27
Common Equity, 2 Yr. CAGR %	9.82	22.98	24.46	7.61	0.27
Cash From Operations, 2 Yr. CAGR %	8.06	6.71	6.97	32.98	23.34
Levered Free Cash Flow, 2 Yr. CAGR %	27.14	106.36	14.3	-17.19	-10.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.18	151.18	13.67	-22.31	-11.52
Dividend Per Share, 2 Yr. CAGR %	3.43	2.15	3.31	7.32	5.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.6	8.03	154.37	-24.88	7.89
Gross Profit, 3 Yr. CAGR %	3.6	8.03	154.37	-24.88	7.89
EBITA, 3 Yr. CAGR %	3.39	8.13	125.26	-21.43	7.92
EBIT, 3 Yr. CAGR %	3.39	8.13	125.26	-21.43	7.92
Earnings From Cont. Operations, 3 Yr. CAGR %	3.57	5.77	110.17	-15.2	7.25
Net Income, 3 Yr. CAGR %	3.57	5.77	110.17	-15.2	7.25
Normalized Net Income, 3 Yr. CAGR %	3.99	8.4	96.83	-18.42	9.41
Diluted EPS Before Extra, 3 Yr. CAGR %	0.93	1.15	95.88	-20.71	2.15
Accounts Receivable, 3 Yr. CAGR %	6.33	28.56	26.82	18.97	-7.11
Total Assets, 3 Yr. CAGR %	9.74	11.75	21.8	11.25	8.17
Tangible Book Value, 3 Yr. CAGR %	11.64	13.66	24.38	12.13	8.55
Common Equity, 3 Yr. CAGR %	11.64	13.66	24.38	12.13	8.55
Cash From Operations, 3 Yr. CAGR %	9.52	4.41	10.15	19.9	21.32
Levered Free Cash Flow, 3 Yr. CAGR %	3.8	8.45	91.75	-18.51	9.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.56	7.78	116.89	-21.58	8.18
Dividend Per Share, 3 Yr. CAGR %	3.13	2.63	3.3	5.19	5.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	39.21	30.38	7.99	-8.18	66.55
Gross Profit, 5 Yr. CAGR %	39.21	30.38	7.99	-8.18	66.55
EBITA, 5 Yr. CAGR %	42.03	32.56	7.92	-5.44	54.47
EBIT, 5 Yr. CAGR %	42.03	32.56	7.92	-5.44	54.47
Earnings From Cont. Operations, 5 Yr. CAGR %	47.72	37.22	10.15	-1.84	44.09
Net Income, 5 Yr. CAGR %	47.72	37.22	10.15	-1.84	44.09
Normalized Net Income, 5 Yr. CAGR %	50.77	39.29	8.57	-2.86	42.86
Diluted EPS Before Extra, 5 Yr. CAGR %	45.32	33.31	4.84	-7.03	37.02
Accounts Receivable, 5 Yr. CAGR %	5.62	15.45	23.32	15.79	3.44
Total Assets, 5 Yr. CAGR %	9.67	13.33	14.66	10.05	12.65
Tangible Book Value, 5 Yr. CAGR %	11.8	15.98	16.6	11.2	14.11
Common Equity, 5 Yr. CAGR %	11.8	15.98	16.6	11.2	14.11
Cash From Operations, 5 Yr. CAGR %	5.34	5.81	8.49	15.02	15.25
Levered Free Cash Flow, 5 Yr. CAGR %	50.46	38.11	7.88	-2.64	41.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	41.83	31.93	7.49	-5.45	51.52
Dividend Per Share, 5 Yr. CAGR %	2.49	2.32	3.21	4.48	4.16