North American Income (NAIT)

Company name:	North American Income Trust (the) Plc
EPIC:	NAIT	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB00BJ00Z303
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.northamericanincome.co.uk/itnorthamericanincome/	Description:	ORD 5P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
299.75	0.75 [0.25]	298.00	301.50	296.50	301.00	296.50	137,539
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
428.87	143.08	0.14	50.19	42.50	5.97	14.18	314.00 - 241.00

North American Income Key Figures

(at previous day's close)
Market Cap.	428.87	m
Shares In Issue	143.08	m
Prev. Close	299.00
PE Ratio	5.97
Dividend Yield	14.18	%
EPS - basic	50.19	p
Dividend PS	42.50	p
Dividend Cover	1.18
Cash Flow PS	7.89	p
Return On Equity (ROE)	3.58	%
Operating Margin	-	%
PEG Factor	0.31
EPS Growth Rate	19.16	%
Dividends PS Growth Rate	8.97	%
Net Debt	25.58	m
Gross Gearing	9.98	%
Quick Assets	21.37	m
Net Working Capital	-22.81	m
Intangibles / Fixed Assets	-	%
Turnover PS	-	p
Pre-Tax Profit PS	11.85	p
Retained Profit PS	2.02	p
Cash PS	13.00	p
Net Cash PS	-17.88	p
Net Tangible Asset Value PS *	278.63	p
Net Asset Value PS	278.63	p
Spread	3.50 (1.16%)
* 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.

North American Income Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	310.50	296.00
4 weeks	310.50	296.00
12 weeks	310.50	287.50
1 year	314.00	241.00

Share Price Chart (5 years)

North American Income Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	301.00	-1.25	-0.42	296.00	0.15		299.34
4 weeks	298.50	1.25	0.42	296.00	0.14		299.85
12 weeks	304.50	-4.75	-1.56	287.50	0.15		298.55
26 weeks	287.00	12.75	4.44	285.50	0.14		299.95
1 year	276.00	23.75	8.61	241.00	0.09		296.39
3 years	231.00	68.75	29.76	230.00	0.05		279.99
5 years	175.70	124.05	70.60	145.90	0.04		251.80
† periods calculated are whole weeks rather than calendar months

North American Income Key Management Ratios

North American Income Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	3.79
PE Ratio	5.97
Tobin's Q Ratio	0.99
Tobin's Q Ratio (excl. intangibles)	0.99
Dividend Yield	14.18	%
Market-to-Book Ratio	1.08
Price-to-Pre-Tax Profit PS	25.29
Price-to-Retained Profit PS	148.04
Price-to-Cash Flow PS	37.98
Price-to-Sales PS	-
Price-to-Net Tangible Asset Value PS	1.08
Price-to-Cash PS	23.07
Net Working Capital PS	-15.94
Price Pct to Working Capital PS	-18.80	%
Earnings Yield	16.74	%
Average PE	5.51
Years in average	5
PE to PE average	108.45	%

North American Income Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	5.78	%
Net Gearing (excl. Intangibles)	5.78	%
Gross Gearing	9.98	%
Gross Gearing (excl. Intangibles)	9.98	%
Gearing Under 1 Year	9.98	%
Gearing Under 1 Year (excl. Intgbl)	9.98	%
Assets/Equity	1.11
Cash/Equity	4.66
(Liquidity Ratios)
Net Working Capital to Total Assets	-5.15	%
Current Ratio	0.48
Quick Ratio (Acid Test)	0.48
Liquidity Ratio	0.42
Cash & Equiv/Current Assets	87.03	%
(Solvency Ratios)
Enterprise Value	410.28	m
CFO/Sales	-
CFO/Attributable Profit	0.79
CFO/Assets	0.03
CFO/Debt	0.26
Total Debt/Equity Market Value	0.10
Total Debt/Sales	-
Total Debt/Pre-Tax Profit	2.60
Total Debt	44.18	m
Total Debt/Net Current Assets	-1.94	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	7.93	%
5 yr Compound Earnings Growth	8.94	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	-

Beta (60-Mnth)	Beta (36-Mnth)
0.1412	0.0155

North American Income Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.25	%
Return On Assets (ROA)	3.28	%
Net Profit Margin	-	%
Assets Turnover	-
Return On Equity (ROE)	3.58	%
Return On Investment (ROI)	3.61	%
Dividend Payout Ratio	84.68	%
Plowback Ratio	15.32	%
Growth from Plowback Ratio	0.55	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	-
Fixed Assets Turnover	-
Current Assets Turnover	-
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	-
Debtors-to-Sales	-	%
Debt Collection Period	-	Days

North American Income Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
11 Jul 2019	Quarterly	GBX	1.70	31/01/2019	31/01/2020	18/07/2019	19/07/2019	02/08/2019	-
11 Apr 2019	Final	GBX	18.50	31/01/2018	31/01/2019	09/05/2019	10/05/2019	07/06/2019	42.50
17 Jan 2019	Quarterly	GBX	8.00	31/01/2018	31/01/2019	24/01/2019	25/01/2019	15/02/2019	-
26 Sep 2018	Quarterly	GBX	8.00	31/01/2018	31/01/2019	04/10/2018	05/10/2018	26/10/2018	-
12 Jul 2018	Quarterly	GBX	8.00	31/01/2018	31/01/2019	19/07/2018	20/07/2018	03/08/2018	-
28 Mar 2018	Final	GBX	16.00	31/01/2017	31/01/2018	10/05/2018	11/05/2018	08/06/2018	39.00
18 Jan 2018	Quarterly	GBX	8.00	31/01/2017	31/01/2018	25/01/2018	26/01/2018	16/02/2018	-
27 Sep 2017	Quarterly	GBX	7.50	31/01/2017	31/01/2018	12/10/2017	13/10/2017	31/10/2017	-
28 Jun 2017	Quarterly	GBX	7.50	31/01/2017	31/01/2018	13/07/2017	14/07/2017	04/08/2017	-
24 Mar 2017	Final	GBX	14.50	31/01/2016	31/01/2017	18/05/2017	19/05/2017	16/06/2017	36.00
12 Jan 2017	Quarterly	GBX	7.50	31/01/2016	31/01/2017	19/01/2017	20/01/2017	17/02/2017	-
03 Oct 2016	Quarterly	GBX	7.00	31/01/2016	31/01/2017	13/10/2016	14/10/2016	31/10/2016	-
05 Jul 2016	Quarterly	GBX	7.00	31/01/2016	31/01/2017	14/07/2016	15/07/2016	05/08/2016	-
24 Mar 2016	Final	GBX	13.00	31/01/2015	31/01/2016	12/05/2016	13/05/2016	07/06/2016	33.00
14 Jan 2016	Quarterly	GBX	7.00	31/01/2015	31/01/2016	21/01/2016	22/01/2016	19/02/2016	-
17 Sep 2015	Quarterly	GBX	6.50	31/01/2015	31/01/2016	01/10/2015	02/10/2015	30/10/2015	-
19 Jun 2015	Quarterly	GBX	6.50	31/01/2015	31/01/2016	02/07/2015	03/07/2015	31/07/2015	-
25 Mar 2015	Final	GBX	11.50	31/01/2014	31/01/2015	07/05/2015	08/05/2015	01/06/2015	30.00
15 Jan 2015	Quarterly	GBX	6.50	31/01/2014	31/01/2015	22/01/2015	23/01/2015	13/02/2015	-
12 Sep 2014	Quarterly	GBX	6.00	31/01/2014	31/01/2015	01/10/2014	03/10/2014	31/10/2014	-
19 Jun 2014	Quarterly	GBX	6.00	31/01/2014	31/01/2015	02/07/2014	04/07/2014	01/08/2014	-
20 Mar 2014	Final	GBX	10.00	31/01/2013	31/01/2014	07/05/2014	09/05/2014	03/06/2014	27.00
16 Jan 2014	Interim	GBX	6.00	31/01/2013	31/01/2014	22/01/2014	24/01/2014	14/02/2014	-
18 Sep 2013	Interim	GBX	5.50	31/01/2013	31/01/2014	02/10/2013	04/10/2013	01/11/2013	-
27 Jun 2013	Interim	GBX	5.50	31/01/2013	31/01/2014	03/07/2013	05/07/2013	02/08/2013	-
22 Mar 2013	Final	GBX	13.00	31/01/2012	31/01/2013	24/04/2013	26/04/2013	24/05/2013	19.50
18 Sep 2012	Interim	GBX	6.50	31/01/2012	31/01/2013	26/09/2012	28/09/2012	26/10/2012	-

North American Income Fundamentals

	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)
turnover	-	-	-	-	-	-	-	-	m
pre tax profit	13.29	-	13.72	-	14.21	-	16.96	-	m
attributable profit	11.23	-	11.55	-	12.01	-	14.27	-	m
retained profit	1.33	-	1.61	-	1.45	-	2.90	-	m
eps - basic (p)	35.74		39.92		42.12		50.19
eps - diluted (p)	35.74		39.92		42.12		50.19
dividends per share	33.00		36.00		39.00		42.50

North American Income Balance Sheet

	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)


	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	312.98	96.18%	410.34	96.12%	406.59	95.25%	421.47	95.18%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.74	0.23%	3.94	0.92%	0.62	0.15%	2.77	0.63%	m
cash & securities	11.69	3.59%	12.61	2.95%	19.64	4.60%	18.59	4.20%	m

TOTAL	325.41	100%	426.89	100%	426.85	100%	442.83	100%	m

LIABILITIES
creditors - short	8.78	2.70%	47.79	11.20%	35.20	8.25%	44.18	9.98%	m
creditors - long	35.99	11.06%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	44.77	13.76%	47.79	11.20%	35.20	8.25%	44.18	9.98%	m

EQUITY
ord cap, reserves	280.64	86.24%	379.10	88.80%	391.65	91.75%	398.66	90.02%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	280.64	86.24%	379.10	88.80%	391.65	91.75%	398.66	90.02%	m

OTHER
NAV Basic	935.55		-		-		-
NAV Diluted	935.55		-		-		-

North American Income Cash Flow Statement

	31 Jan 2016 (GBP)	31 Jan 2017 (GBP)	31 Jan 2018 (GBP)	31 Jan 2019 (GBP)
Operating CF	10.03	10.62	11.16	11.29	m
Pre-Financing CF	37.52	31.72	17.79	5.57	m
Retained CF	2.45	-0.39	9.32	-2.30	m

North American Income Brokers

Broker infomation is not available for this class of stock.