Momentum
Relative Strength (%)
1m -4.6%
3m -5.8%
1yr -20.7%
Volume Change (%)
10d v 3m -47.1%
Price vs... (%)
52w High -31.0%
50d MA -3.36%
200d MA -9.56%
vs.
market
vs.
industry
Growth & Value
Trailing 12m
PE Ratio (ttm) 5.49
PEG Ratio (ttm) n/a
EPS Growth (ttm) 49.8 %
Dividend Yield (ttm) 6.38 %
Valuation (ttm)
Price to Book Value 1.26
Price to Tang. Book 1.26
Price to Free Cashflow n/a
Price to Sales 4.41
EV to EBITDA 7.89

Margin of Safety (beta)
Screens Passed

BAF doesn't qualify for our screens.
Find out why:   View Checklists

vs.
market
vs.
industry
Quality
Return on Capital 15.5 %
Return on Equity 24.3 %
Operating Margin 88.1 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Dec 2008 2009 2010 2011 2012 2013 TTM 2014E 2015E CAGR / Avg
Revenue £m -8.99 5.38 3.78 -6.07 2.70 9.49 4.54
Operating Profit £m -9.49 4.85 3.24 -6.61 2.12 8.93 4.00
Net Profit £m -9.50 4.85 3.24 -6.62 2.12 8.93 4.00
EPS Reported p -39.4 12.8 8.25 -27.9 5.04 34.3 14.6
EPS Normalised p -39.4 12.8 8.25 -27.9 5.04 34.3 14.6
EPS Growth % -35.8 +580.5 +49.8
PE Ratio x 2.33 5.49 n/a n/a
PEG x n/a n/a n/a n/a
Profitability
Operating Margin % 105.6 90.2 85.9 108.9 78.6 94.1 88.1 +93.9%
ROA % 15.7 9.8 -22.2 8.2 30.6 13.7
ROCE % -33.7 15.6 10.1 -28.2 9.1 29.7 15.5 +0.5%
ROE % 22.9 13.4 -39.1 13.2 51.4 24.3 +12.4%
Cashflow
Op. Cashflow ps p 3.87 6.06 4.57 6.35 7.05 0.82 -0.42 -26.8%
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 3.87 6.06 4.57 6.35 7.05 0.82 -0.42 -26.8%
Last ex-div: 9th Oct, paid: 6th Nov more... Dividends
Dividend ps p 6.60 6.90 7.20 7.40 7.60 5.10 5.10 -5.0%
Dividend Growth % +3.13 +4.55 +4.35 +2.78 +2.70 -32.9 -32.9
Dividend Yield % 6.38 6.38
Dividend Cover x -5.97 1.86 1.15 -3.77 0.67 6.73 2.86
Balance Sheet
Cash etc £m 0.87 0.99 0.51 0.13 0.74 0.32 1.05 -18.2%
Working Capital £m 1.52 1.65 1.32 1.81 2.21 -1.03 -2.03
Net Fixed Assets £m 26.7 29.4 30.9 21.6 21.1 31.1 27.9 +3.1%
Net Debt £m -0.87 -0.99 -0.51 -0.13 -0.74 1.13 1.54
Book Value £m 18.2 21.0 22.2 13.4 13.3 20.0 15.8 +1.9%
Average Shares m 25.0 35.0 35.0 25.0 35.0 25.0 25.0
Book Value ps p 72.8 84.1 88.8 53.7 53.4 80.1 63.4 +1.9%

FINANCIAL BRIEF: For the six months ended 30 June 2014, British & American Investment Trust Plc revenues decreased from L2.5M to -L2.5M. Net loss applicable to common stockholders totaled L2.9M vs. income of L2M. Revenues reflect Holding losses/gains on investments decrease from -L959K to -L3.2M, Gains/Losses on disposal of investments decrease of 86% to L271K, Income from investments decrease of 69% to L475K. Dividend per share remained flat at L0.03. more »

Health Trend

Bankruptcy Risk

N/A Earnings Manipulation Risk

Magic Formula Score

Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 10.0 10.0
Net Gearing % 5.95 5.95
Cash / Assets % 3.50
Liquidity (ttm)
Curr. Ratio 0.51
Quick Ratio 0.51
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.15
Rec's Turnover 4.82
Stock Turnover n/a

vs.
market
vs.
industry
Recent History
Latest interim period (ended 30th Jun '14) vs. prior year
Sales Growth n/a %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth 36.0 %
EPS Growth 60.8 %
DPS Growth -10.9 %
Graphical History Current Fiscal Year 2014

Broker Forecasts
31st Dec 2014
31st Dec 2015

Price Target: N/A Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a () () () () () ()
Consensus Estimate - - - - - -
1m Change - - - - - -
3m Change - - - - - -
Broker Consensus Trend
Broker Recommendations for British & American Investment Trust
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts:

Named Brokers and Analysts
There are no named brokers.

Profile Summary

British & American Investment Trust PLC is a self-managed investment company. The Company’s objective is to achieve a balance to investors of growth in income and capital. The Company invests predominantly in investment trusts and other United Kingdom quoted companies. As of December 31, 2011, the Company’s portfolio consisted of a diversified list of around 43 United Kingdom quoted companies, three United Kingdom unquoted holdings and four overseas quoted companies. The Company acts as a long-only investment vehicle as an authorized investment trust and parent of a group of companies comprising two other investment companies and a film investment company. As of December 31, 2011, its holdings included RIT Capital Partners, Geron Corporation, Prudential, Electra Private Equity, Scottish American Inv Company, Dunedin Income Growth and British Assets Trust.

Directors: Jonathan Woolf (MDR) 56, K. Williams (SEC) , J. Anthony Townsend (NEC) 65, Dominic Dreyfus (NID) 56, Ronald Paterson (NID) 56,

No. of Employees: 8 No. of Shareholders: 0


Last Annual December 31st, 2013
Last Interim June 30th, 2014
Shares in Issue 25,000,000
Free Float 22.8m (91.1%)
Sector Financials
Industry Collective Investments
Index FTSE Fledgling ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

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