Momentum
Relative Strength (%)
1m +2.0%
3m +0.5%
1yr -1.5%
Volume Change (%)
10d v 3m +1.65%
Price vs... (%)
52w High -6.9%
50d MA -0.58%
200d MA -2.42%
vs.
market
vs.
industry
Growth & Value
Trailing 12m
PE Ratio (ttm) 4.90
PEG Ratio (ttm) n/a
EPS Growth (ttm) 30.7 %
Dividend Yield (ttm) 4.09 %
Valuation (ttm)
Price to Book Value 0.96
Price to Tang. Book 0.96
Price to Free Cashflow 29.0
Price to Sales 4.76
EV to EBITDA 5.28

Margin of Safety (beta)
Screens Passed

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vs.
market
vs.
industry
Quality
Return on Capital 19.2 %
Return on Equity 21.0 %
Operating Margin 95.9 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 30th Jun 2008 2009 2010 2011 2012 2013 TTM 2014E 2015E CAGR / Avg
Revenue £m -96.8 -86.2 80.6 100.7 8.72 82.2 107.6
Operating Profit £m -102.7 -88.6 77.8 98.2 4.60 78.0 103.2
Net Profit £m -102.7 -88.6 77.8 98.1 4.35 77.6 102.8
EPS Reported p -158.3 -137.1 120.2 151.6 6.70 117.5 153.5
EPS Normalised p -158.3 -137.1 120.2 151.6 6.70 117.5 153.5
EPS Growth % +26.1 -95.6 +1,653 +30.7
PE Ratio x 6.40 4.90 n/a n/a
PEG x n/a n/a n/a n/a
Profitability
Operating Margin % 106 102.8 96.5 97.5 52.7 94.9 95.9 +91.7%
ROA % -22.9 21.6 22.7 1.0 15.5 18.4
ROCE % -23.3 -30.1 21.9 22.6 1.1 15.8 19.2 +1.3%
ROE % -25.5 24.0 24.9 1.0 16.9 21.0 +8.3%
Cashflow
Op. Cashflow ps p 28.6 28.3 24.5 29.3 27.0 26.5 26.4 -1.5%
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 28.6 28.3 24.5 29.3 27.0 26.5 26.4 -1.5%
Last ex-div: 24th Sep, paid: 31st Oct more... Dividends
Dividend ps p 27.0 27.8 28.0 28.8 29.8 30.8 30.8 +2.6%
Dividend Growth % +11.3 +2.78 +0.91 +2.68 +3.48 +3.36
Dividend Yield % 4.09 4.09
Dividend Cover x -5.86 -4.94 4.29 5.27 0.23 3.82 4.99
Balance Sheet
Cash etc £m 6.39 13.5 35.0 5.52 19.9 12.5 11.7 +14.4%
Working Capital £m 6.71 -18.8 2.14 -32.3 -17.9 -24.7 -32.5
Net Fixed Assets £m 433.8 313.4 352.3 466.7 443.4 517.6 570.8 +3.6%
Net Debt £m 33.6 21.5 -0.037 34.5 20.1 27.5 33.3
Book Value £m 400.5 294.6 354.4 434.4 425.5 492.9 538.3 +4.2%
Average Shares m 64.9 64.6 64.7 64.7 64.9 66.1 66.7 +0.4%
Book Value ps p 619.9 455.4 547.9 671.5 649.6 734.6 791.4 +3.5%

FINANCIAL BRIEF: For the six months ended 31 December 2013, Murray Income Trust plc revenues increased 96% to L51.9M. Net income increased from L24.4M to L49.6M. Revenues reflect Gain on Investment increase from L18.6M to L43.4M, Income From Investments (dividend) increase of 11% to L7.9M. Dividend per share remained flat at L0.14. Basic Earnings per Share excluding Extraordinary Items increased from L0.37 to L0.73. more »

Health Trend

Bankruptcy Risk

N/A Earnings Manipulation Risk

Magic Formula Score

Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 8.36 8.36
Net Gearing % 6.18 6.18
Cash / Assets % 2.01
Liquidity (ttm)
Curr. Ratio 0.30
Quick Ratio 0.30
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.20
Rec's Turnover 42.6
Stock Turnover n/a

vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st Dec '13) vs. prior year
Sales Growth 95.7 %
EPS Growth 97.3 %
3yr Compound Annual Growth Rate
Sales Growth 0.67 %
EPS Growth -0.78 %
DPS Growth 3.17 %
Graphical History Current Fiscal Year 2014

Broker Forecasts
30th Jun 2014
30th Jun 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 Murray Income Trust Closed Fund
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 1 0 0

Named Brokers and Analysts
There are no named brokers.

Murray Income Trust PLC is an investment company. The investment objective of the Company is to achieve a high and growing income combined with capital growth through investment in a portfolio of United Kingdom and overseas equities. The Company may invest up to 100% of its gross assets in United Kingdom-listed equities and other securities and is permitted to invest up to 20% of its gross assets in other overseas listed equities and securities. The Company invests primarily in the equity securities of United Kingdom and overseas companies. The Company maintains a diversified portfolio of investments, which comprises between 30 and 70 holdings. Aberdeen Asset Managers Limited is the manager of the Company.

No Management Information.

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


Last Annual June 30th, 2013
Last Interim December 31st, 2013
Shares in Issue 68,042,458
Free Float 66.9m (98.3%)
ISIN GB0006111123
Sector Financials
Industry Collective Investments
Index 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?

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