Momentum
Relative Strength (%)
1m +11.6%
3m +13.7%
1yr +23.1%
Volume Change (%)
10d v 3m +65.4%
Price vs... (%)
52w High -0.6%
50d MA +10.2%
200d MA +20.8%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (ttm) 31.3
PEG Ratio (ttm) n/a
EPS Growth (ttm) -88.2 %
Dividend Yield (ttm) 1.71 %
Valuation (ttm)
Price to Book Value 1.08
Price to Tang. Book 1.08
Price to Free Cashflow 144.7
Price to Sales 23.5
EV to EBITDA 34.2
Margin of Safety (beta)
Screens Passed

HSL doesn't qualify for our screens.
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vs.
market
vs.
industry
Quality
Return on Capital 3.32 %
Return on Equity 3.49 %
Operating Margin 75.2 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st May 2009 2010 2011 2012 2013 2014 TTM 2015E 2016E CAGR / Avg
Revenue £m -88.1 62.7 98.4 -10.9 133.7 85.1 21.4
Operating Profit £m -90.4 59.5 93.3 -14.6 127.7 80.0 16.1
Net Profit £m -90.4 59.5 93.3 -14.6 127.7 80.0 16.1
EPS Reported p -115.4 79.3 124.6 -19.6 171 107 21.5
EPS Normalised p -115.4 79.3 124.6 -19.6 171 107 21.5
EPS Growth % +57.2 -37.4 -88.2
PE Ratio x 6.30 31.3 n/a n/a
PEG x n/a n/a n/a n/a
Profitability
Operating Margin % 102.6 95.0 94.8 133.8 95.6 93.9 75.2 +102.6%
ROA % 29.2 33.4 -4.6 34.2 16.6 3.15
ROCE % -51.2 26.2 29.3 -4.9 30.2 16.1 3.32 +7.6%
ROE % 32.7 36.9 -5.1 37.4 18.2 3.49 +24.0%
Cashflow
Op. Cashflow ps p 27.9 9.61 -2.35 4.23 -3.86 -6.48 4.66
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 27.9 9.61 -2.35 4.23 -3.86 -6.48 4.66
Last ex-div: 12th Feb, paid: 6th Mar more... Dividends
Dividend ps p 3.00 3.60 4.20 5.50 6.50 11.0 11.5 +29.7%
Dividend Growth % +36.4 +20.0 +16.7 +31.0 +18.2 +69.2 +21.1
Dividend Yield % 1.63 1.71
Dividend Cover x -38.5 22.0 29.7 -3.56 26.3 9.73 1.87
Balance Sheet
Cash etc £m 0.75 1.66 0.65 0.27 2.60 1.15 2.73 +9.1%
Working Capital £m 2.12 0.22 -8.22 -4.40 -13.2 -23.3 -30.2
Net Fixed Assets £m 174.2 227.3 326.4 304.3 436.7 519.6 514.9 +24.4%
Net Debt £m 19.3 20.3 25.4 25.8 32.9 44.9 48.1
Book Value £m 156.3 207.5 298.2 279.9 403.4 476.3 464.7 +25.0%
Average Shares m 78.3 75.1 74.9 74.8 74.7 74.7 74.7 -1.0%
Book Value ps p 202.1 277.1 398.1 374.5 540 637.6 622.1 +25.8%

FINANCIAL BRIEF: For the six months ended 30 November 2014, Henderson Smaller Companies Inv Trst PLC revenues decreased from L60.6M to -L3.2M. Net loss totaled L5.6M vs. income of L58.3M. Revenues reflect Gain on Investments held at FV through P decrease from L55.3M to -L8.5M. Dividend per share increased from L0.03 to L0.04. Basic Earnings per Share excluding Extraordinary Items decreased from L0.78 to -L0.07. more »

Health Trend
Bankruptcy Risk
N/A Earnings Manipulation Risk
Magic Formula Score
Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 10.9 10.9
Net Gearing % 10.3 10.3
Cash / Assets % 0.53
Liquidity (ttm)
Curr. Ratio 0.11
Quick Ratio 0.11
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.042
Rec's Turnover n/a
Stock Turnover n/a
vs.
market
vs.
industry
Recent History
Latest interim period (ended 30th Nov '14) vs. prior year
Sales Growth n/a %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth -4.73 %
EPS Growth -4.94 %
DPS Growth 37.8 %
Graphical History Current Fiscal Year 2015

Broker Forecasts
31st May 2015
31st May 2016

Price Target: N/A
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a (£) (p) (p) (£) (p) (p)
Consensus Estimate - - - - - -
1m Change - - - - - -
3m Change - - - - - -
Broker Consensus Trend
Broker Recommendations for Henderson Smaller Cos Investment Trust Closed Fund
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 1 0 0

Named Brokers and Analysts
There are no named brokers.

Profile Summary

The Henderson Smaller Companies Investment Trust plc, based in the United Kingdom, is an investment trust. The Henderson Smaller Companies Investment Trust plc is an investment trust. The Company's objective is to maximize shareholders’ total returns by investing mainly in smaller companies that are quoted in the United Kingdom. The Company’s benchmark Index is Numis Smaller Companies Index (excluding investment companies). The Company invests in the following sectors: electronic and electrical equipment, financial services, software and computer services, general retailers, aerospace and defense, technology hardware and equipment, mobile telecommunications and food producers, among others. Its investment portfolio companies include Bellway, Taylor Wimpey, Interserve, Spectris, Paragon, e2v Technologies, Informa, WS Atkins, Senior and Victrex.

Directors: Neil Hermon (OTH) , Rachel Peat (SEC) , James Cayzer-Colvin (NEC) 49, David Lamb (NED) , Beatrice Hollond (NID) 51, Keith Percy (NID) 69, Mary Sieghart (NID) ,

No. of Employees: 0 No. of Shareholders: n/a


Last Annual May 31st, 2014
Last Interim November 30th, 2014
Shares in Issue 74,701,796
Free Float 73.7m (98.7%)
Sector Financials
Industry Collective Investments
Index FTSE All Share , FTSE All Share Financials , FTSE All Share Equity Investment Instruments , FTSE Small Cap ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

Address 201 Bishopsgate, LONDON, EC2M 3AE, United Kingdom
Web http://www.henderson.com
Phone +44 20 78181818
Contact ()
Auditors PricewaterhouseCoopers LLP

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