© Stockopedia 19th October, 2017

Henderson Smaller Companies Investment Trust

HSL 825.83p -2.2  -0.3%
1:13pm 0.500k

Momentum
Relative Strength (%)
1m +2.8%
3m +5.6%
1yr +20.8%
Volume Change (%)
10d v 3m +14.7%
Price vs... (%)
52w High -0.7%
50d MA +3.71%
200d MA +10.4%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (ttm) 4.01
PEG Ratio (ttm) n/a
EPS Growth (ttm) n/a %
Dividend Yield (ttm) 2.17 %
Valuation (ttm)
Price to Book Value 0.90
Price to Tang. Book 0.90
Price to Free Cashflow 104.9
Price to Sales 3.83
EV to EBITDA 4.38
Margin of Safety (beta)
Screens Passed

HSL doesn't qualify for any screens.
Find out why:   View Checklists

vs.
market
vs.
industry
Quality
Return on Capital 21.5 %
Return on Equity 25.0 %
Operating Margin 95.6 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st May 2012 2013 2014 2015 2016 2017 2018E 2019E CAGR / Avg
Revenue £m -10.9 133.7 85.1 102.5 -1.88 161.5
Operating Profit £m -14.6 127.7 80.0 95.6 -6.77 154.3
Net Profit £m -14.6 127.7 80.0 95.6 -6.78 154.3
EPS Reported p -19.6 171 107 128 -9.08 206.6
EPS Normalised p -19.6 171 107 128 -9.08 206.6
EPS Growth % -37.4 +19.6
PE Ratio x 4.01 n/a n/a
PEG x n/a n/a n/a
Profitability
Operating Margin % 133.8 95.6 93.9 93.3 359.6 95.6 +145.3%
ROA % 34.2 16.6 16.7 -1.1 22.6
ROCE % -4.9 30.2 16.1 17.0 -1.2 21.5 +13.1%
ROE % 37.4 18.2 18.4 -1.2 25.0 +19.5%
Cashflow
Op. Cashflow ps p 4.23 -3.86 -6.48 15.3 0.74 7.89 +13.3%
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p 4.23 -3.86 -6.48 15.3 0.74 7.89 +13.3%
Last ex-div: 7th Sep, paid: 9th Oct more... Dividends
Dividend ps p 5.50 6.50 11.0 13.5 15.0 18.0 +26.8%
Dividend Growth % +31.0 +18.2 +69.2 +22.7 +11.1 +20.0
Dividend Yield % 2.17
Dividend Cover x -3.56 26.3 9.73 9.48 -0.61 11.5
Balance Sheet
Cash etc £m 0.27 2.60 1.15 10.2 10.2 3.83 +70.0%
Working Capital £m -4.40 -13.2 -23.3 -42.5 -20.0 -33.5
Net Fixed Assets £m 304.3 436.7 519.6 605.8 595.9 751.7 +19.8%
Net Debt £m 25.8 32.9 44.9 42.0 51.7 57.7
Book Value £m 279.9 403.4 476.3 563.3 546.1 688.5 +19.7%
Average Shares m 74.8 74.7 74.7 74.7 74.7 74.7 -0.02%
Book Value ps p 374.5 540 637.6 754.1 731 921.6 +19.7%

FINANCIAL BRIEF: For the fiscal year ended 31 May 2017, Henderson Smaller Companies Inv Trst PLC revenues increased from -£1.9M to £161.5M. Net income totaled £154.3M vs. loss of £6.8M. Revenues reflect Investments Holdings Gains increase from -£14.3M to £137.7M, Gains on Investments Sold in the Year increase from -£1.3M to £7.6M, Investment income increase of 17% to £16M. Dividend per share increased from £0.15 to £0.18. more »

Health Trend
Bankruptcy Risk
N/A Earnings Manipulation Risk
Magic Formula Score
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing % 8.94 8.94 8.94
Net Gearing % 8.39 8.39 8.39
Cash / Assets % 0.50 0.50
Liquidity (ttm)
Curr. Ratio 0.19
Quick Ratio 0.19
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.24
Rec's Turnover n/a
Stock Turnover n/a
vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st May '17) vs. prior year
Sales Growth 4,423 %
EPS Growth 16,127 %
3yr Compound Annual Growth Rate
Sales Growth 23.8 %
EPS Growth 24.5 %
DPS Growth 17.8 %
Graphical History Current Fiscal Year 2018

Broker Forecasts
31st May 2018
31st May 2019

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 Henderson Smaller Companies Investment Trust
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 is an investment trust company. The Company's investment objective is to maximize shareholders' total returns by investing mainly in smaller companies that are quoted in the United Kingdom. The Company is engaged in investing in shares and securities. The Company invests in various sectors, such as aerospace and defense; banks; chemicals; construction and materials; electronic and electrical equipment; food and drug retailers; food producers; general industrials; general retailers; healthcare equipment and services; household goods and home construction; industrial engineering; industrial transportation; media; mobile telecommunications; nonlife insurance; oil and gas producers; oil equipment, services and distribution; pharmaceuticals and biotechnology, and real estate investment and services. The Company's manager is Neil Hermon. Henderson Investment Funds Limited (HIFL) is an alternative investment fund manager of the Company.

Directors: Neil Hermon (OTH) , Rachel Peat (SEC) , Jamie Cayzer-Colvin (NEC) , David Lamb (NED) , Victoria Sant (NED) , Beatrice Hollond (NID) 56, Mary Sieghart (NID) ,

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


Last Annual May 31st, 2017
Last Interim May 31st, 2017
Incorporated December 16, 1887
Shares in Issue 74,701,796
Free Float 73.8m (98.8%)
Sector Financials
Industry Collective Investments
Index FTSE All Share , FTSE All Share Financials , FTSE All Share Equity Investment Instruments , FTSE Smallcap ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

HSL Share Price Performance HSLQuote
825.83p
-2.2  -0.3%
Traded 1:13pm · Minimum 15 min delayed · NMS: 0.500k

Latest HSL News Announcements (delayed)

Upcoming HSL Events

Recent ↓
Friday 23rd September, 2016
Henderson Smaller Companies Investment Trust PLC Annual Shareholders Meeting
Thursday 1st September, 2016
Dividend For HSL.L
Wednesday 10th August, 2016
Full Year 2016 Henderson Smaller Companies Investment Trust PLC Earnings Release
Thursday 30th April, 2015
Dividend For 95IL.L
Thursday 12th February, 2015
Dividend For HSL.L
Thursday 6th November, 2014
Dividend For 95IL.L
Friday 3rd October, 2014
Henderson Smaller Companies Investment Trust PLC Annual Shareholders Meeting
Wednesday 17th September, 2014
Dividend For HSL.L


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