Edinburgh Investment (EDIN)

Company name:	Edinburgh Investment Trust Plc
EPIC:	EDIN	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0003052338
Market Segment:	STMM	Share Type:	DE
WWW Address:	https://www.asiadragontrust.co.uk/	Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
636.00	8.0 [1.27]	635.00	637.00	632.00	637.00	630.00	235,923
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
1,095.59	172.26	0.21	27.80	28.45	22.88	4.47	638.00 - 417.50

Edinburgh Investment Key Figures

(at previous day's close)
Market Cap.	1,095.59	m
Shares In Issue	172.26	m
Prev. Close	628.00
PE Ratio	22.88
Dividend Yield	4.47	%
EPS - basic	27.80	p
Dividend PS	28.45	p
Dividend Cover	0.98
Cash Flow PS	-	p
Return On Equity (ROE)	5.92	%
Operating Margin	89.99	%
PEG Factor	-7.30
EPS Growth Rate	-3.14	%
Dividends PS Growth Rate	1.61	%
Net Debt	57.35	m
Gross Gearing	10.40	%
Quick Assets	51.36	m
Net Working Capital	49.42	m
Intangibles / Fixed Assets	-	%
Turnover PS	34.23	p
Pre-Tax Profit PS	30.80	p
Retained Profit PS	-0.84	p
Cash PS	25.52	p
Net Cash PS	24.40	p
Net Tangible Asset Value PS *	506.48	p
Net Asset Value PS	499.11	p
Spread	2.00 (0.31%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Edinburgh Investment Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	637.00	623.00
4 weeks	638.00	610.00
12 weeks	638.00	541.00
1 year	638.00	417.50

Share Price Chart (5 years)

Edinburgh Investment Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	630.00	6.00	0.95	623.00	0.33		627.88
4 weeks	621.00	15.00	2.42	610.00	0.30		623.35
12 weeks	550.00	86.00	15.64	541.00	0.36		589.75
26 weeks	464.50	171.50	36.92	463.50	0.38		560.96
1 year	435.00	201.00	46.21	417.50	0.39		508.85
3 years	684.00	-48.00	-7.02	335.50	0.41		565.53
5 years	680.50	-44.50	-6.54	335.50	0.35		604.37
† periods calculated are whole weeks rather than calendar months

Edinburgh Investment Key Management Ratios

Edinburgh Investment Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	22.88
Tobin's Q Ratio	0.88
Tobin's Q Ratio (excl. intangibles)	0.88
Dividend Yield	4.47	%
Market-to-Book Ratio	1.26
Price-to-Pre-Tax Profit PS	20.65
Price-to-Retained Profit PS	-759.77
Price-to-Cash Flow PS	-
Price-to-Sales PS	18.58
Price-to-Net Tangible Asset Value PS	1.27
Price-to-Cash PS	24.92
Net Working Capital PS	28.69
Price Pct to Working Capital PS	22.17	%
Earnings Yield	4.37	%
Average PE	22.01
Years in average	5
PE to PE average	103.94	%

Edinburgh Investment Financial Ratios

(Leverage Ratios)
Debt Ratio	10.22	%
Debt-to-Equity Ratio	0.11
Debt-to-Equity Ratio (excl. Intgbl)	0.11
Debt-to-Equity Market Value	0.09
Net Gearing	5.89	%
Net Gearing (excl. Intangibles)	5.89	%
Gross Gearing	10.40	%
Gross Gearing (excl. Intangibles)	10.40	%
Gearing Under 1 Year	0.20	%
Gearing Under 1 Year (excl. Intgbl)	0.20	%
Assets/Equity	1.12
Cash/Equity	5.04
(Liquidity Ratios)
Net Working Capital to Total Assets	5.08	%
Current Ratio	26.55
Quick Ratio (Acid Test)	26.55
Liquidity Ratio	22.73
Cash & Equiv/Current Assets	85.59	%
(Solvency Ratios)
Enterprise Value	1,151.01	m
CFO/Sales	-
CFO/Attributable Profit	-
CFO/Assets	-
CFO/Debt	-
Total Debt/Equity Market Value	0.09
Total Debt/Sales	1.72
Total Debt/Pre-Tax Profit	1.91
Total Debt	101.31	m
Total Debt/Net Current Assets	2.05	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	0.81	%
10 yr Compound Earnings Growth	1.91	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.2069	0.2212

Edinburgh Investment Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	5.46	%
Return On Assets (ROA)	4.15	%
Net Profit Margin	87.55	%
Assets Turnover	0.05
Return On Equity (ROE)	5.92	%
Return On Investment (ROI)	4.21	%
Dividend Payout Ratio	102.34	%
Plowback Ratio	-2.34	%
Growth from Plowback Ratio	-0.11	%
Net Income Of Revenues	-2.45	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.05
Fixed Assets Turnover	0.05
Current Assets Turnover	1.86
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	21.09
Debtors-to-Sales	13.89	%
Debt Collection Period	50.72	Days

Edinburgh Investment Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
28 Apr 2021	Interim	GBX	6.00	31/08/2020	31/12/2020	06/05/2021	07/05/2021	28/05/2021	-
28 Jan 2021	Interim	GBX	6.00	30/03/2020	30/09/2020	04/02/2021	05/02/2021	26/02/2021	-
03 Nov 2020	Interim	GBX	6.00	01/03/2020	30/06/2020	12/11/2020	13/11/2020	27/11/2020	-
12 Jun 2020	Final	GBX	9.45	31/03/2019	31/03/2020	25/06/2020	26/06/2020	31/07/2020	28.45
29 Apr 2020	Interim	GBX	6.40	31/08/2019	31/12/2019	07/05/2020	11/05/2020	29/05/2020	-
27 Jan 2020	Interim	GBX	6.40	30/03/2019	30/09/2019	06/02/2020	07/02/2020	28/02/2020	-
04 Nov 2019	Interim	GBX	6.40	02/03/2019	30/06/2019	14/11/2019	15/11/2019	29/11/2019	-
12 Jun 2019	Final	GBX	9.25	31/03/2018	31/03/2019	20/06/2019	21/06/2019	31/07/2019	28.00
23 Apr 2019	Interim	GBX	6.25	31/03/2018	31/03/2019	02/05/2019	03/05/2019	31/05/2019	-
25 Jan 2019	Interim	GBX	6.25	31/03/2018	31/03/2019	07/02/2019	08/02/2019	28/02/2019	-
05 Nov 2018	Interim	GBX	6.25	31/03/2018	31/03/2019	15/11/2018	16/11/2018	30/11/2018	-
31 May 2018	Final	GBX	9.20	31/03/2017	31/03/2018	21/06/2018	22/06/2018	24/07/2018	26.60
24 Apr 2018	Interim	GBX	5.80	31/03/2017	31/03/2018	03/05/2018	04/05/2018	31/05/2018	-
24 Jan 2018	Interim	GBX	5.80	31/03/2017	31/03/2018	01/02/2018	02/02/2018	28/02/2018	-
07 Nov 2017	Interim	GBX	5.80	31/03/2017	31/03/2018	16/11/2017	17/11/2017	30/11/2017	-
26 May 2017	Final	GBX	9.15	31/03/2016	31/03/2017	22/06/2017	23/06/2017	21/07/2017	25.35
24 Apr 2017	Interim	GBX	5.40	31/03/2016	31/03/2017	04/05/2017	05/05/2017	31/05/2017	-
25 Jan 2017	Interim	GBX	5.40	31/03/2016	31/03/2017	02/02/2017	03/02/2017	28/02/2017	-
07 Nov 2016	Interim	GBX	5.40	31/03/2016	31/03/2017	17/11/2016	18/11/2016	30/11/2016	-
26 May 2016	Final	GBX	8.75	31/03/2015	31/03/2016	09/06/2016	10/06/2016	29/07/2016	24.35
25 Apr 2016	Interim	GBX	5.20	31/03/2015	31/03/2016	05/05/2016	06/05/2016	31/05/2016	-
26 Jan 2016	Interim	GBX	5.20	31/03/2015	31/03/2016	04/02/2016	05/02/2016	29/02/2016	-
12 Nov 2015	Interim	GBX	5.20	31/03/2015	31/03/2016	19/11/2015	20/11/2015	30/11/2015	-
21 May 2015	Final	GBX	8.60	31/03/2014	31/03/2015	11/06/2015	12/06/2015	31/07/2015	23.85
27 Apr 2015	Interim	GBX	5.15	31/03/2014	31/03/2015	07/05/2015	08/05/2015	29/05/2015	-
27 Jan 2015	Interim	GBX	5.10	31/03/2014	31/03/2015	05/02/2015	06/02/2015	26/02/2015	-
13 Nov 2014	Interim	GBX	5.00	31/03/2014	31/03/2015	20/11/2014	21/11/2014	28/11/2014	-
28 May 2014	Final	GBX	8.50	31/03/2013	31/03/2014	11/06/2014	13/06/2014	31/07/2014	23.50
28 Apr 2014	Interim	GBX	5.00	31/03/2013	31/03/2014	07/05/2014	09/05/2014	30/05/2014	-
21 Jan 2014	Interim	GBX	5.00	31/03/2013	31/03/2014	05/02/2014	07/02/2014	21/02/2014	-
14 Nov 2013	Interim	GBX	5.00	31/03/2013	31/03/2014	20/11/2013	22/11/2013	29/11/2013	-
29 May 2013	Final	GBX	7.80	31/03/2012	31/03/2013	12/06/2013	14/06/2013	31/07/2013	22.80
22 Apr 2013	Interim	GBX	5.00	31/03/2012	31/03/2013	01/05/2013	03/05/2013	23/05/2013	-
15 Jan 2013	Interim	GBX	5.00	31/03/2012	31/03/2013	06/02/2013	08/02/2013	22/02/2013	-
08 Nov 2012	Interim	GBX	5.00	31/03/2012	31/03/2013	14/11/2012	16/11/2012	30/11/2012	-
01 Jun 2012	Final	GBX	7.00	31/03/2011	31/03/2012	13/06/2012	15/06/2012	31/07/2012	22.00
20 Apr 2012	Interim	GBX	5.00	31/03/2011	31/03/2012	02/05/2012	04/05/2012	23/05/2012	-
25 Jan 2012	Interim	GBX	5.00	31/03/2011	31/03/2012	01/02/2012	03/02/2012	17/02/2012	-
10 Nov 2011	Interim	GBX	5.00	31/03/2011	31/03/2012	16/11/2011	18/11/2011	30/11/2011	-
31 May 2011	Final	GBX	6.55	31/03/2010	31/03/2011	15/06/2011	17/06/2011	29/07/2011	22.99
26 Apr 2011	Interim	GBX	4.75	31/03/2010	31/03/2011	04/05/2011	06/05/2011	20/05/2011	-
26 Apr 2011	Special	GBX	1.26	31/03/2010	31/03/2011	04/05/2011	06/05/2011	20/05/2011	-
26 Jan 2011	Interim	GBX	4.75	31/03/2010	31/03/2011	02/02/2011	04/02/2011	18/02/2011	-
11 Nov 2010	Special	GBX	0.93	31/03/2010	31/03/2011	17/11/2010	19/11/2010	30/11/2010	-
11 Nov 2010	Interim	GBX	4.75	31/03/2010	31/03/2011	17/11/2010	19/11/2010	30/11/2010	-
01 Jun 2010	Final	GBX	6.35	31/03/2009	31/03/2010	16/06/2010	18/06/2010	30/07/2010	20.60
01 Mar 2010	Interim	GBX	4.75	31/03/2009	31/03/2010	10/03/2010	12/03/2010	31/03/2010	-
28 Jan 2010	Interim	GBX	4.75	31/03/2009	31/03/2010	03/02/2010	05/02/2010	12/02/2010	-
12 Nov 2009	Interim	GBX	4.75	31/03/2009	31/03/2010	18/11/2009	20/11/2009	27/11/2009	-
09 Jun 2009	Final	GBX	6.15	31/03/2008	31/03/2009	17/06/2009	19/06/2009	24/07/2009	20.40
27 Apr 2009	Interim	GBX	4.75	31/03/2008	31/03/2009	06/05/2009	08/05/2009	22/05/2009	-
27 Jan 2009	Interim	GBX	4.75	31/03/2008	31/03/2009	04/02/2009	06/02/2009	13/02/2009	-
06 Nov 2008	Interim	GBX	4.75	31/03/2008	31/03/2009	12/11/2008	14/11/2008	27/11/2008	-
29 May 2008	Final	GBX	5.65	31/03/2007	31/03/2008	04/06/2008	06/06/2008	22/07/2008	19.90
24 Apr 2008	Interim	GBX	4.75	31/03/2007	31/03/2008	07/05/2008	09/05/2008	22/05/2008	-
28 Jan 2008	Interim	GBX	4.75	31/03/2007	31/03/2008	30/12/2007	01/02/2008	08/02/2008	-
25 Oct 2007	Interim	GBX	4.75	31/03/2007	31/03/2008	07/11/2007	09/11/2007	23/11/2007	-
29 May 2007	Final	GBX	5.65	31/03/2006	31/03/2007	06/06/2007	08/06/2007	18/07/2007	18.85
24 Apr 2007	Interim	GBX	4.40	31/03/2006	31/03/2007	02/05/2007	04/05/2007	18/05/2007	-
19 Jan 2007	Interim	GBX	4.40	31/03/2006	31/03/2007	31/01/2007	02/02/2007	09/02/2007	-
27 Oct 2006	Interim	GBX	4.40	30/03/2006	30/09/2006	08/11/2006	10/11/2006	24/11/2006	-
05 Jun 2006	Final	GBX	10.85	31/03/2005	31/03/2006	14/06/2006	16/06/2006	21/07/2006	15.25
28 Oct 2005	Interim	GBX	4.40	30/03/2005	30/09/2005	09/11/2005	11/11/2005	02/12/2005	-
25 May 2005	Final	GBX	8.95	31/03/2004	31/03/2005	01/06/2005	03/06/2005	22/07/2005	13.15
03 Nov 2004	Interim	GBX	4.20	30/03/2004	30/09/2004	10/11/2004	12/11/2004	02/12/2004	-
26 May 2004	Final	GBX	8.95	31/03/2003	31/03/2004	02/06/2004	04/06/2004	22/07/2004	13.15
22 Oct 2003	Interim	GBX	4.20	30/03/2003	30/09/2003	05/11/2003	07/11/2003	03/12/2003	-
20 May 2003	Final	GBX	8.95	31/03/2002	31/03/2003	04/06/2003	06/06/2003	03/07/2003	13.15
23 Oct 2002	Interim	GBX	4.20	30/03/2002	30/09/2002	30/10/2002	01/11/2002	02/12/2002	-
22 May 2002	Final	GBX	8.65	31/03/2001	31/03/2002	05/06/2002	07/06/2002	04/07/2002	12.75
24 Oct 2001	Interim	GBX	4.10	30/03/2001	30/09/2001	31/10/2001	02/11/2001	03/12/2001	-
23 May 2001	Final	GBX	8.45	31/03/2000	31/03/2001	06/06/2001	08/06/2001	05/07/2001	12.45
24 Oct 2000	Interim	GBX	4.00	30/03/2000	30/09/2000	30/10/2000	03/11/2000	01/12/2000	-
24 May 2000	Final	GBX	8.25	31/03/1999	31/03/2000	05/06/2000	09/06/2000	06/07/2000	12.15
27 Oct 1999	Interim	GBX	3.90	30/03/1999	30/09/1999	08/11/1999	12/11/1999	03/12/1999	-
19 May 1999	Final	GBX	8.05	31/03/1998	31/03/1999	01/06/1999	07/06/1999	02/07/1999	11.85
28 Oct 1998	Interim	GBX	3.80	30/03/1998	30/09/1998	09/11/1998	13/11/1998	04/12/1998	-
20 May 1998	Final	GBX	7.75	31/03/1997	31/03/1998	01/06/1998	05/06/1998	03/07/1998	11.40

Edinburgh Investment Fundamentals

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
turnover	61.94	100.00%	64.15	100.00%	62.92	100.00%	58.96	100.00%	m
pre tax profit	56.01	90.43%	58.31	90.89%	57.31	91.09%	53.06	89.99%	m
attributable profit	54.66	88.26%	57.24	89.22%	56.06	89.10%	51.62	87.55%	m
retained profit	5.06	8.17%	8.64	13.46%	4.89	7.77%	-1.44	-2.45%	m
eps - basic (p)	27.90		29.30		28.70		27.80
eps - diluted (p)	27.90		29.30		28.70		27.80
dividends per share	25.35		26.60		28.00		28.45

Edinburgh Investment Balance Sheet

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)


	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	1,731.27	99.08%	1,535.93	99.31%	1,501.15	99.20%	922.43	94.73%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	12.90	0.74%	6.37	0.41%	8.99	0.59%	7.40	0.76%	m
cash & securities	3.23	0.18%	4.32	0.28%	3.11	0.21%	43.96	4.51%	m

TOTAL	1,747.39	100%	1,546.62	100%	1,513.25	100%	973.79	100%	m

LIABILITIES
creditors - short	113.59	6.50%	47.88	3.10%	31.69	2.09%	1.93	0.20%	m
creditors - long	98.62	5.64%	98.87	6.39%	99.12	6.55%	99.37	10.20%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	212.21	12.14%	146.75	9.49%	130.82	8.64%	101.31	10.40%	m

EQUITY
ord cap, reserves	1,535.18	87.86%	1,399.87	90.51%	1,382.44	91.36%	872.48	89.60%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,535.18	87.86%	1,399.87	90.51%	1,382.44	91.36%	872.48	89.60%	m

OTHER
NAV Basic	783.88		714.85		706.75		499.11
NAV Diluted	783.88		714.85		706.75		499.11

Edinburgh Investment Cash Flow Statement

	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)
Operating CF	-	-	-	-	m
Pre-Financing CF	-	-	-	-	m
Retained CF	-	-	-	-	m

Edinburgh Investment Brokers

Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Cenkos Securities Plc	Market Maker(MME)	Broker/Dealer	CNKS	CNKOGB21
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Oriel Securities Limited	Market Maker(MME)	Broker/Dealer	OREL	ORSNGB21
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC