Schroder Income Growth (SCF)

Company name:	Schroder Income Growth Fund Plc
EPIC:	SCF	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB0007915860
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.schroders.com/	Description:	ORD 10P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
279.00	-3.0 [-1.06]	280.00	285.00	279.00	279.00	279.00	32,989
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
191.58	68.67	0.07	11.69	12.60	23.87	4.52	319.00 - 172.00

Schroder Income Growth Key Figures

(at previous day's close)
Market Cap.	191.58	m
Shares In Issue	68.67	m
Prev. Close	282.00
PE Ratio	23.87
Dividend Yield	4.52	%
EPS - basic	11.69	p
Dividend PS	12.60	p
Dividend Cover	0.93
Cash Flow PS	-	p
Return On Equity (ROE)	4.72	%
Operating Margin	87.68	%
PEG Factor	-1.35
EPS Growth Rate	-17.62	%
Dividends PS Growth Rate	1.61	%
Net Debt	16.60	m
Gross Gearing	10.73	%
Quick Assets	5.47	m
Net Working Capital	-15.01	m
Intangibles / Fixed Assets	-	%
Turnover PS	13.45	p
Pre-Tax Profit PS	11.79	p
Retained Profit PS	-0.93	p
Cash PS	5.65	p
Net Cash PS	-24.18	p
Net Tangible Asset Value PS *	248.04	p
Net Asset Value PS	246.71	p
Spread	5.00 (1.75%)
* 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.

Schroder Income Growth Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	285.00	279.00
4 weeks	299.00	265.00
12 weeks	299.00	228.00
1 year	319.00	172.00

Share Price Chart (5 years)

Schroder Income Growth Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	283.00	-4.00	-1.41	279.00	0.04		282.04
4 weeks	266.00	13.00	4.89	265.00	0.05		283.42
12 weeks	234.00	45.00	19.23	228.00	0.08		263.54
26 weeks	241.50	37.50	15.53	228.00	0.06		252.93
1 year	317.00	-38.00	-11.99	172.00	0.08		248.46
3 years	294.00	-15.00	-5.10	172.00	0.07		270.50
5 years	230.00	49.00	21.30	172.00	0.06		269.95
† periods calculated are whole weeks rather than calendar months

Schroder Income Growth Key Management Ratios

Schroder Income Growth Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	23.87
Tobin's Q Ratio	0.90
Tobin's Q Ratio (excl. intangibles)	0.90
Dividend Yield	4.52	%
Market-to-Book Ratio	1.12
Price-to-Pre-Tax Profit PS	23.66
Price-to-Retained Profit PS	-299.82
Price-to-Cash Flow PS	-
Price-to-Sales PS	20.75
Price-to-Net Tangible Asset Value PS	1.13
Price-to-Cash PS	49.42
Net Working Capital PS	-21.85
Price Pct to Working Capital PS	-12.77	%
Earnings Yield	4.19	%
Average PE	21.39
Years in average	5
PE to PE average	111.58	%

Schroder Income Growth Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	8.70	%
Net Gearing (excl. Intangibles)	8.70	%
Gross Gearing	10.73	%
Gross Gearing (excl. Intangibles)	10.73	%
Gearing Under 1 Year	10.73	%
Gearing Under 1 Year (excl. Intgbl)	10.73	%
Assets/Equity	1.12
Cash/Equity	2.28
(Liquidity Ratios)
Net Working Capital to Total Assets	-7.87	%
Current Ratio	0.27
Quick Ratio (Acid Test)	0.27
Liquidity Ratio	0.19
Cash & Equiv/Current Assets	70.86	%
(Solvency Ratios)
Enterprise Value	187.71	m
CFO/Sales	-
CFO/Attributable Profit	-
CFO/Assets	-
CFO/Debt	-
Total Debt/Equity Market Value	0.11
Total Debt/Sales	2.22
Total Debt/Pre-Tax Profit	2.53
Total Debt	20.48	m
Total Debt/Net Current Assets	-1.36	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	2.85	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
0.0708	0.0714

Schroder Income Growth Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.75	%
Return On Assets (ROA)	3.76	%
Net Profit Margin	87.08	%
Assets Turnover	0.04
Return On Equity (ROE)	4.72	%
Return On Investment (ROI)	4.29	%
Dividend Payout Ratio	107.78	%
Plowback Ratio	-7.78	%
Growth from Plowback Ratio	-0.33	%
Net Income Of Revenues	-6.92	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.05
Fixed Assets Turnover	0.04
Current Assets Turnover	2.36
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	23.17
Debtors-to-Sales	19.51	%
Debt Collection Period	71.20	Days

Schroder Income Growth Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
28 Sep 2020	Interim	GBX	5.10	31/08/2019	31/08/2020	08/10/2020	09/10/2020	30/10/2020	12.60
29 Jun 2020	Interim	GBX	2.50	31/08/2019	31/08/2020	09/07/2020	10/07/2020	31/07/2020	-
31 Mar 2020	Interim	GBX	2.50	31/08/2019	31/08/2020	09/04/2020	14/04/2020	05/05/2020	-
17 Dec 2019	Interim	GBX	2.50	31/08/2019	31/08/2020	24/12/2019	27/12/2019	30/01/2020	-
27 Sep 2019	Interim	GBX	5.20	31/08/2018	31/08/2019	10/10/2019	11/10/2019	31/10/2019	12.40
02 Jul 2019	Interim	GBX	2.40	31/08/2018	31/08/2019	11/07/2019	12/07/2019	31/07/2019	-
27 Mar 2019	Interim	GBX	2.40	31/08/2018	31/08/2019	04/04/2019	05/04/2019	29/04/2019	-
18 Dec 2018	Interim	GBX	2.40	31/08/2018	31/08/2019	27/12/2018	28/12/2018	31/01/2019	-
27 Sep 2018	Interim	GBX	4.60	31/08/2017	31/08/2018	04/10/2018	05/10/2018	31/10/2018	11.80
22 Jun 2018	Interim	GBX	2.40	31/08/2017	31/08/2018	05/07/2018	06/07/2018	31/07/2018	-
22 Mar 2018	Interim	GBX	2.40	31/08/2017	31/08/2018	05/04/2018	06/04/2018	30/04/2018	-
19 Dec 2017	Interim	GBX	2.40	31/08/2017	31/08/2018	28/12/2017	29/12/2017	31/01/2018	-
26 Sep 2017	Interim	GBX	5.20	31/08/2016	31/08/2017	05/10/2017	06/10/2017	31/10/2017	11.20
26 Jun 2017	Interim	GBX	2.00	31/08/2016	31/08/2017	06/07/2017	07/07/2017	31/07/2017	-
29 Mar 2017	Interim	GBX	2.00	31/08/2016	31/08/2017	06/04/2017	07/04/2017	28/04/2017	-
20 Dec 2016	Interim	GBX	2.00	31/08/2016	31/08/2017	29/12/2016	30/12/2016	31/01/2017	-
27 Sep 2016	Final	GBX	4.60	31/08/2015	31/08/2016	06/10/2016	07/10/2016	31/10/2016	10.60
24 Jun 2016	Interim	GBX	2.00	31/08/2015	31/08/2016	07/07/2016	08/07/2016	29/07/2016	-
07 Apr 2016	Interim	GBX	2.00	31/08/2015	31/08/2016	14/04/2016	15/04/2016	29/04/2016	-
16 Dec 2015	Interim	GBX	2.00	31/08/2015	31/08/2016	24/12/2015	29/12/2015	29/01/2016	-
29 Sep 2015	Final	GBX	4.30	31/08/2014	31/08/2015	08/10/2015	09/10/2015	30/10/2015	10.30
01 Jul 2015	Interim	GBX	2.00	31/08/2014	31/08/2015	09/07/2015	10/07/2015	31/07/2015	-
19 Mar 2015	Interim	GBX	2.00	31/08/2014	31/08/2015	26/03/2015	27/03/2015	30/04/2015	-
18 Dec 2014	Interim	GBX	2.00	31/08/2014	31/08/2015	29/12/2014	30/12/2014	30/01/2015	-
25 Sep 2014	Final	GBX	4.10	31/08/2013	31/08/2014	01/10/2014	03/10/2014	31/10/2014	10.10
24 Jun 2014	Interim	GBX	2.00	31/08/2013	31/08/2014	02/07/2014	04/07/2014	31/07/2014	-
24 Mar 2014	Interim	GBX	2.00	31/08/2013	31/08/2014	02/04/2014	04/04/2014	30/04/2014	-
19 Dec 2013	Interim	GBX	2.00	31/08/2013	31/08/2014	31/12/2013	03/01/2014	31/01/2014	-
25 Sep 2013	Final	GBX	3.80	31/08/2012	31/08/2013	02/10/2013	04/10/2013	31/10/2013	9.80
18 Jun 2013	Interim	GBX	2.00	31/08/2012	31/08/2013	26/06/2013	28/06/2013	31/07/2013	-
20 Mar 2013	Interim	GBX	2.00	31/08/2012	31/08/2013	27/03/2013	02/04/2013	30/04/2013	-
18 Dec 2012	Interim	GBX	2.00	31/08/2012	31/08/2013	26/12/2012	28/12/2012	31/01/2013	-
21 Sep 2012	Final	GBX	2.00	31/08/2011	31/08/2012	03/10/2012	05/10/2012	31/10/2012	9.50
03 Jul 2012	Interim	GBX	2.00	31/08/2011	31/08/2012	11/07/2012	13/07/2012	31/07/2012	-
25 Apr 2012	Interim	GBX	2.00	31/08/2011	31/08/2012	08/04/2012	10/04/2012	30/04/2012	-
23 Dec 2011	Interim	GBX	2.00	31/08/2011	31/08/2012	04/01/2012	06/01/2012	31/01/2012	-
22 Sep 2011	Final	GBX	4.50	31/08/2010	31/08/2011	28/09/2011	30/09/2011	31/10/2011	9.30
01 Jul 2011	Interim	GBX	1.60	31/08/2010	31/08/2011	13/07/2011	15/07/2011	29/07/2011	-
31 Mar 2011	Interim	GBX	1.60	31/08/2010	31/08/2011	06/04/2011	08/04/2011	29/04/2011	-
13 Dec 2010	Interim	GBX	1.60	31/08/2010	31/08/2011	22/12/2010	24/12/2010	31/01/2011	-
28 Sep 2010	Final	GBX	4.30	31/08/2009	31/08/2010	06/10/2010	08/10/2010	29/10/2010	9.10
30 Jun 2010	Interim	GBX	1.60	31/08/2009	31/08/2010	07/07/2010	09/07/2010	30/07/2010	-
29 Mar 2010	Interim	GBX	1.60	31/08/2009	31/08/2010	07/04/2010	09/04/2010	30/04/2010	-
11 Dec 2009	Interim	GBX	1.60	31/08/2009	31/08/2010	23/12/2009	29/12/2009	29/01/2010	-
06 Oct 2009	Final	GBX	4.10	31/08/2008	31/08/2009	14/10/2009	16/10/2009	30/10/2009	8.90
29 Jun 2009	Interim	GBX	1.60	31/08/2008	31/08/2009	08/07/2009	10/07/2009	31/07/2009	-
02 Apr 2009	Interim	GBX	1.60	31/08/2008	31/08/2009	08/04/2009	14/04/2009	30/04/2009	-
12 Dec 2008	Interim	GBX	1.60	31/08/2008	31/08/2009	24/12/2008	30/12/2008	30/01/2009	-
26 Nov 2007	Final	GBX	3.60	31/08/2006	31/08/2007	10/10/2007	12/10/2007	31/10/2007	8.10
21 Nov 2007	Final	GBX	-	31/08/2006	31/08/2007	-	-	-	8.10
01 Oct 2007	Interim	GBX	3.60	31/08/2006	31/08/2007	10/10/2007	12/10/2007	31/10/2007	-
15 Jun 2007	Interim	GBX	1.50	31/08/2006	31/08/2007	27/06/2007	29/06/2007	31/07/2007	-
20 Mar 2007	Interim	GBX	1.50	31/08/2006	31/08/2007	04/04/2007	10/04/2007	30/04/2007	-
07 Dec 2006	Interim	GBX	1.50	31/08/2006	31/08/2007	27/12/2006	29/12/2006	31/01/2007	-
28 Sep 2006	Final	GBX	2.70	31/08/2005	31/08/2006	04/10/2006	06/10/2006	31/10/2006	6.90
15 Jun 2006	Interim	GBX	1.40	31/08/2005	31/08/2006	28/06/2006	30/06/2006	31/07/2006	-
30 Mar 2006	Interim	GBX	1.40	31/08/2005	31/08/2006	05/04/2006	07/04/2006	28/04/2006	-
15 Dec 2005	Interim	GBX	1.40	31/08/2005	31/08/2006	28/12/2005	30/12/2005	31/01/2006	-
16 Sep 2005	Final	GBX	2.50	31/08/2004	31/08/2005	28/09/2005	30/09/2005	31/10/2005	6.52
16 Sep 2005	Special	GBX	0.25	31/08/2004	31/08/2005	28/09/2005	30/09/2005	31/10/2005	-
15 Jun 2005	Interim	GBX	1.34	31/08/2004	31/08/2005	29/06/2005	01/07/2005	29/07/2005	-
04 Apr 2005	Interim	GBX	1.34	31/08/2004	31/08/2005	06/04/2005	08/04/2005	29/04/2005	-
17 Dec 2004	Interim	GBX	1.34	31/08/2004	31/08/2005	22/12/2004	24/12/2004	31/01/2005	-
16 Sep 2004	Final	GBX	2.35	31/08/2003	31/08/2004	29/09/2004	01/10/2004	29/10/2004	6.25
11 Jun 2004	Interim	GBX	1.30	31/08/2003	31/08/2004	30/06/2004	02/07/2004	30/07/2004	-
18 Mar 2004	Interim	GBX	1.30	31/08/2003	31/08/2004	31/03/2004	02/04/2004	30/01/2004	-
11 Dec 2003	Interim	GBX	1.30	31/08/2003	31/08/2004	17/12/2003	19/12/2003	30/01/2004	-
18 Sep 2003	Final	GBX	2.19	31/08/2002	31/08/2003	08/10/2003	10/10/2003	31/10/2003	6.00
10 Jun 2003	Interim	GBX	1.27	31/08/2002	31/08/2003	16/07/2003	18/07/2003	31/07/2003	-
19 Mar 2003	Interim	GBX	1.27	31/08/2002	31/08/2003	02/04/2003	04/04/2003	30/04/2003	-
13 Dec 2002	Interim	GBX	1.27	31/08/2002	31/08/2003	08/01/2003	10/01/2003	31/01/2003	-
25 Sep 2002	Final	GBX	2.10	31/08/2001	31/08/2002	09/10/2002	11/10/2002	31/10/2002	5.85
11 Jun 2002	Interim	GBX	1.25	31/08/2001	31/08/2002	26/06/2002	28/06/2002	31/07/2002	-
19 Mar 2002	Interim	GBX	1.25	31/08/2001	31/08/2002	03/04/2002	05/04/2002	30/04/2002	-
17 Dec 2001	Interim	GBX	1.25	31/08/2001	31/08/2002	27/12/2001	31/12/2001	31/01/2002	-
21 Sep 2001	Final	GBX	2.04	31/08/2000	31/08/2001	10/10/2001	12/10/2001	31/10/2001	5.70
29 Jun 2001	Interim	GBX	1.22	31/08/2000	31/08/2001	11/07/2001	13/07/2001	31/07/2001	-
22 Mar 2001	Interim	GBX	1.22	31/08/2000	31/08/2001	04/04/2001	06/04/2001	30/04/2001	-
14 Dec 2000	Interim	GBX	1.22	31/08/2000	31/08/2001	27/12/2000	03/01/2001	31/01/2001	-
28 Sep 2000	Final	GBX	1.92	31/08/1999	31/08/2000	09/10/2000	13/10/2000	31/10/2000	5.40
29 Jun 2000	Interim	GBX	1.16	31/08/1999	31/08/2000	10/07/2000	14/07/2000	31/07/2000	-
28 Mar 2000	Interim	GBX	1.16	31/08/1999	31/08/2000	03/04/2000	07/04/2000	28/04/2000	-
14 Dec 1999	Interim	GBX	1.16	31/08/1999	31/08/2000	20/12/1999	24/12/1999	31/01/2000	-
30 Sep 1999	Final	GBX	1.71	31/08/1998	31/08/1999	11/10/1999	15/10/1999	29/10/1999	5.10
24 Jun 1999	Interim	GBX	1.13	31/08/1998	31/08/1999	28/06/1999	02/07/1999	30/07/1999	-
25 Mar 1999	Interim	GBX	1.13	31/08/1998	31/08/1999	06/04/1999	12/04/1999	30/04/1999	-
07 Dec 1998	Interim	GBX	1.13	31/08/1998	31/08/1999	14/12/1998	18/12/1998	29/01/1999	-
01 Oct 1998	Final	GBX	1.55	31/08/1997	31/08/1998	12/10/1998	16/10/1998	30/10/1998	4.85

Schroder Income Growth Fundamentals

	31 Aug 2017 (GBP)		31 Aug 2018 (GBP)		31 Aug 2019 (GBP)		31 Aug 2020 (GBP)
turnover	-	-	-	-	-	-	9.24	100.00%	m
pre tax profit	9.17	-	8.84	-	9.79	-	8.10	87.68%	m
attributable profit	9.11	-	8.77	-	9.74	-	8.04	87.08%	m
retained profit	1.83	-	0.66	-	1.64	-	-0.64	-6.92%	m
eps - basic (p)	13.26		12.76		14.19		11.69
eps - diluted (p)	13.26		12.76		14.19		11.69
dividends per share	11.20		11.80		12.40		12.60

Schroder Income Growth Balance Sheet

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


	31 Aug 2017 (GBP)		31 Aug 2018 (GBP)		31 Aug 2019 (GBP)		31 Aug 2020 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	228.32	96.07%	233.74	98.37%	234.86	99.01%	185.33	97.13%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	1.98	0.83%	1.90	0.80%	2.01	0.85%	1.59	0.84%	m
cash & securities	7.35	3.09%	1.98	0.83%	0.35	0.15%	3.88	2.03%	m

TOTAL	237.65	100%	237.62	100%	237.22	100%	190.80	100%	m

LIABILITIES
creditors - short	-	-%	-	-%	32.76	13.81%	20.48	10.73%	m
creditors - long	20.93	8.81%	20.88	8.79%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	20.93	8.81%	20.88	8.79%	32.76	13.81%	20.48	10.73%	m

EQUITY
ord cap, reserves	216.72	91.19%	216.74	91.21%	204.46	86.19%	170.32	89.27%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	216.72	91.19%	216.74	91.21%	204.46	86.19%	170.32	89.27%	m

OTHER
NAV Basic	-		315.54		297.66		246.71
NAV Diluted	-		315.54		297.66		246.71

Schroder Income Growth Cash Flow Statement

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

Schroder Income Growth Brokers

Name	Activity	Type	Mnemonic	Code
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Matrix Corporate Capital LLP	Market Maker(MME)	Broker/Dealer	MATX	MCOCGB21MMK
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC