Securities Trust Of Scot... (STS)

Company name:	Securities Trust Of Scotland Plc
EPIC:	STS	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB00B09G3N23
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.securitiestrust.com/	Description:	RED ORDS 1P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
205.00	2.0 [0.99]	202.00	205.00	202.00	202.00	202.00	91,368
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
213.29	104.05	0.01	6.46	6.41	31.73	3.13	209.00 - 169.00

Securities Trust Of Scot... Key Figures

(at previous day's close)
Market Cap.	213.29	m
Shares In Issue	104.05	m
Prev. Close	203.00
PE Ratio	31.73
Dividend Yield	3.13	%
EPS - basic	6.46	p
Dividend PS	6.41	p
Dividend Cover	1.01
Cash Flow PS	6.44	p
Return On Equity (ROE)	3.95	%
Operating Margin	87.38	%
PEG Factor	8.60
EPS Growth Rate	3.69	%
Dividends PS Growth Rate	2.56	%
Net Debt	22.61	m
Gross Gearing	13.98	%
Quick Assets	8.51	m
Net Working Capital	-3.44	m
Intangibles / Fixed Assets	-	%
Turnover PS	8.36	p
Pre-Tax Profit PS	7.31	p
Retained Profit PS	0.21	p
Cash PS	4.90	p
Net Cash PS	-6.58	p
Net Tangible Asset Value PS *	163.84	p
Net Asset Value PS	162.72	p
Spread	3.00 (1.46%)
* 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.

Securities Trust Of Scot... Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	206.00	201.00
4 weeks	206.00	193.50
12 weeks	206.00	184.00
1 year	209.00	169.00

Share Price Chart (5 years)

Securities Trust Of Scot... Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	203.00	2.00	0.99	201.00	0.13		203.38
4 weeks	196.50	8.50	4.33	193.50	0.15		200.14
12 weeks	196.50	8.50	4.33	184.00	0.18		194.92
26 weeks	196.00	9.00	4.59	184.00	0.16		197.73
1 year	173.00	32.00	18.50	169.00	0.13		193.50
3 years	160.00	45.00	28.13	140.50	0.11		184.34
5 years	138.75	66.25	47.75	126.00	0.10		176.30
† periods calculated are whole weeks rather than calendar months

Securities Trust Of Scot... Key Management Ratios

Securities Trust Of Scot... Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	4.45
PE Ratio	31.73
Tobin's Q Ratio	1.02
Tobin's Q Ratio (excl. intangibles)	1.02
Dividend Yield	3.13	%
Market-to-Book Ratio	1.25
Price-to-Pre-Tax Profit PS	28.06
Price-to-Retained Profit PS	987.47
Price-to-Cash Flow PS	31.85
Price-to-Sales PS	24.52
Price-to-Net Tangible Asset Value PS	1.26
Price-to-Cash PS	41.81
Net Working Capital PS	-3.31
Price Pct to Working Capital PS	-62.02	%
Earnings Yield	3.15	%
Average PE	27.60
Years in average	5
PE to PE average	115.00	%

Securities Trust Of Scot... Financial Ratios

(Leverage Ratios)
Debt Ratio	8.47	%
Debt-to-Equity Ratio	0.09
Debt-to-Equity Ratio (excl. Intgbl)	0.09
Debt-to-Equity Market Value	0.07
Net Gearing	11.41	%
Net Gearing (excl. Intangibles)	11.41	%
Gross Gearing	13.98	%
Gross Gearing (excl. Intangibles)	13.98	%
Gearing Under 1 Year	6.03	%
Gearing Under 1 Year (excl. Intgbl)	6.03	%
Assets/Equity	1.16
Cash/Equity	2.99
(Liquidity Ratios)
Net Working Capital to Total Assets	-1.74	%
Current Ratio	0.71
Quick Ratio (Acid Test)	0.71
Liquidity Ratio	0.43
Cash & Equiv/Current Assets	59.95	%
(Solvency Ratios)
Enterprise Value	223.96	m
CFO/Sales	0.77
CFO/Attributable Profit	0.99
CFO/Assets	0.03
CFO/Debt	0.24
Total Debt/Equity Market Value	0.13
Total Debt/Sales	3.19
Total Debt/Pre-Tax Profit	3.65
Total Debt	27.71	m
Total Debt/Net Current Assets	-8.06	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	4.32	%
5 yr Compound Earnings Growth	6.43	%
10 yr Compound Earnings Growth	3.89	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.0093	0.0021

Securities Trust Of Scot... Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.08	%
Return On Assets (ROA)	3.23	%
Net Profit Margin	77.41	%
Assets Turnover	0.04
Return On Equity (ROE)	3.95	%
Return On Investment (ROI)	3.43	%
Dividend Payout Ratio	99.23	%
Plowback Ratio	0.77	%
Growth from Plowback Ratio	0.03	%
Net Income Of Revenues	2.48	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.05
Fixed Assets Turnover	0.04
Current Assets Turnover	1.20
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	23.96
Debtors-to-Sales	24.64	%
Debt Collection Period	89.95	Days

Securities Trust Of Scot... Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
08 Dec 2020	Interim	GBX	1.37	31/03/2020	31/03/2021	31/12/2020	04/01/2021	22/01/2021	-
24 Sep 2020	Interim	GBX	1.38	31/03/2020	31/03/2021	08/10/2020	09/10/2020	30/10/2020	-
01 Jul 2020	Interim	GBX	2.06	31/03/2019	31/03/2020	09/07/2020	10/07/2020	31/07/2020	6.41
29 Jan 2020	Interim	GBX	1.45	31/03/2019	31/03/2020	26/03/2020	27/03/2020	17/04/2020	-
05 Dec 2019	Interim	GBX	1.45	31/03/2019	31/03/2020	24/12/2019	27/12/2019	24/01/2020	-
17 Sep 2019	Interim	GBX	1.45	31/03/2019	31/03/2020	03/10/2019	04/10/2019	25/10/2019	-
24 Jun 2019	Interim	GBX	1.90	31/03/2018	31/03/2019	04/07/2019	05/07/2019	26/07/2019	6.25
16 Jan 2019	Interim	GBX	1.45	31/03/2018	31/03/2019	28/03/2019	29/03/2019	18/04/2019	-
21 Nov 2018	Interim	GBX	1.45	31/03/2018	31/03/2019	27/12/2018	28/12/2018	18/01/2019	-
19 Sep 2018	Interim	GBX	1.45	31/03/2018	31/03/2019	04/10/2018	05/10/2018	26/10/2018	-
27 Jun 2018	Final	GBX	1.75	31/03/2017	31/03/2018	05/07/2018	06/07/2018	27/07/2018	6.10
17 Jan 2018	Interim	GBX	1.45	31/03/2017	31/03/2018	02/04/2018	03/04/2018	20/04/2018	-
10 Nov 2017	Interim	GBX	1.45	31/03/2017	31/03/2018	23/11/2017	24/11/2017	15/12/2017	-
21 Jul 2017	Interim	GBX	1.45	31/03/2017	31/03/2018	24/08/2017	25/08/2017	15/09/2017	-
06 Jun 2017	Final	GBX	1.60	31/03/2016	31/03/2017	15/06/2017	16/06/2017	30/06/2017	5.95
17 Jan 2017	Interim	GBX	1.45	31/03/2016	31/03/2017	23/02/2017	24/02/2017	17/03/2017	-
18 Nov 2016	Interim	GBX	1.45	31/03/2016	31/03/2017	24/11/2016	25/11/2016	16/12/2016	-
27 Jul 2016	Interim	GBX	1.45	31/03/2016	31/03/2017	25/08/2016	26/08/2016	16/09/2016	-
11 May 2016	Final	GBX	1.45	31/03/2015	31/03/2016	26/05/2016	27/05/2016	17/06/2016	5.80
21 Jan 2016	Interim	GBX	1.45	31/03/2015	31/03/2016	25/02/2016	26/02/2016	18/03/2016	-
06 Nov 2015	Interim	GBX	1.45	31/03/2015	31/03/2016	19/11/2015	20/11/2015	17/12/2015	-
31 Jul 2015	Interim	GBX	1.45	31/03/2015	31/03/2016	03/09/2015	04/09/2015	25/09/2015	-
26 May 2015	Final	GBX	1.45	31/03/2014	31/03/2015	04/06/2015	05/06/2015	26/06/2015	4.90
25 Feb 2015	Interim	GBX	1.15	31/03/2014	31/03/2015	05/03/2015	06/03/2015	27/03/2015	-
18 Nov 2014	Interim	GBX	1.15	31/03/2014	31/03/2015	27/11/2014	28/11/2014	19/12/2014	-
24 Jul 2014	Interim	GBX	1.15	31/03/2014	31/03/2015	03/09/2014	05/09/2014	28/09/2014	-
06 Jun 2014	Final	GBX	1.35	31/03/2013	31/03/2014	18/06/2014	20/06/2014	04/07/2014	4.80
26 Feb 2014	Interim	GBX	1.15	31/03/2013	31/03/2014	05/03/2014	07/03/2014	28/03/2014	-
08 Nov 2013	Interim	GBX	1.15	31/03/2013	31/03/2014	20/11/2013	22/11/2013	13/12/2013	-
07 Aug 2013	Interim	GBX	1.15	31/03/2013	31/03/2014	14/08/2013	16/08/2013	06/09/2013	-
16 May 2013	Final	GBX	1.30	31/03/2012	31/03/2013	05/06/2013	07/06/2013	28/06/2013	4.75
30 Jan 2013	Interim	GBX	1.15	31/03/2012	31/03/2013	06/03/2013	08/03/2013	28/03/2013	-
09 Nov 2012	Interim	GBX	1.15	31/03/2012	31/03/2013	21/11/2012	23/11/2012	13/12/2012	-
02 Aug 2012	Interim	GBX	1.15	31/03/2012	31/03/2013	15/08/2012	17/08/2012	03/09/2012	-
16 May 2012	Final	GBX	1.15	31/03/2011	31/03/2012	30/05/2012	01/06/2012	29/06/2012	4.70
19 Jan 2012	Interim	GBX	1.15	31/03/2011	31/03/2012	29/02/2012	02/03/2012	30/03/2012	-
11 Nov 2011	Interim	GBX	1.15	31/03/2011	31/03/2012	23/11/2011	25/11/2011	15/12/2011	-
19 Jul 2011	Interim	GBX	1.15	31/03/2011	31/03/2012	17/08/2011	19/08/2011	01/09/2011	-
25 May 2011	Final	GBX	1.20	31/03/2010	31/03/2011	01/06/2011	03/06/2011	30/06/2011	4.65
24 Feb 2011	Interim	GBX	1.15	31/03/2010	31/03/2011	02/03/2011	04/03/2011	30/03/2011	-
11 Nov 2010	Interim	GBX	1.15	31/03/2010	31/03/2011	24/11/2010	26/11/2010	17/12/2010	-
20 Jul 2010	Interim	GBX	1.15	31/03/2010	31/03/2011	11/08/2010	13/08/2010	03/09/2010	-
12 Nov 2009	Interim	GBX	1.15	31/03/2009	31/03/2010	25/11/2009	27/11/2009	18/12/2009	-
22 Jul 2009	Interim	GBX	1.15	31/03/2009	31/03/2010	12/08/2009	14/08/2009	04/09/2009	-
27 May 2009	Final	GBX	2.00	31/03/2008	31/03/2009	03/06/2009	05/06/2009	30/06/2009	5.45
15 Jan 2009	Interim	GBX	1.15	31/03/2008	31/03/2009	11/02/2009	13/02/2009	13/03/2009	-
30 Oct 2008	Interim	GBX	1.15	31/03/2008	31/03/2009	12/11/2008	14/11/2008	15/12/2008	-
23 Jul 2008	Interim	GBX	1.15	31/03/2008	31/03/2009	13/08/2008	15/08/2008	05/09/2008	-
22 May 2008	Final	GBX	2.15	31/03/2007	31/03/2008	28/05/2008	30/05/2008	27/06/2008	5.45
08 Feb 2008	Interim	GBX	1.10	31/03/2007	31/03/2008	20/02/2008	22/02/2008	14/03/2008	-
30 Oct 2007	Interim	GBX	1.10	31/03/2007	31/03/2008	21/11/2007	23/11/2007	14/12/2007	-
10 Jul 2007	Interim	GBX	1.10	31/03/2007	31/03/2008	05/09/2007	07/09/2007	28/09/2007	-
04 May 2007	Final	GBX	1.90	31/03/2006	31/03/2007	06/06/2007	08/06/2007	30/06/2007	5.05
12 Mar 2007	Interim	GBX	1.05	31/03/2006	31/03/2007	21/03/2007	23/03/2007	05/04/2007	-
31 Oct 2006	Interim	GBX	1.05	31/03/2006	31/03/2007	15/11/2006	17/11/2006	15/12/2006	-
05 Jul 2006	Interim	GBX	1.05	31/03/2006	31/03/2007	06/09/2006	08/09/2006	29/09/2006	-
25 Apr 2006	Final	GBX	1.85	31/03/2005	31/03/2006	07/06/2006	09/06/2006	30/06/2006	2.85
28 Feb 2006	Interim	GBX	1.00	31/03/2005	31/03/2006	08/03/2006	10/03/2006	31/03/2006	-
12 May 2005	Final	GBX	2.70	31/03/2004	31/03/2005	18/05/2005	20/05/2005	17/06/2005	4.70
28 Oct 2004	Interim	GBX	2.00	30/03/2004	30/09/2004	17/11/2004	19/11/2004	17/12/2004	-
29 Apr 2004	Final	GBX	3.28	31/03/2003	31/03/2004	03/03/2004	05/03/2004	31/03/2004	4.55
29 Oct 2003	Interim	GBX	1.27	30/03/2003	30/09/2003	26/11/2003	28/11/2003	19/12/2003	-
07 May 2003	Final	GBX	3.25	31/03/2002	31/03/2003	11/06/2003	13/06/2003	04/07/2002	4.52
13 Nov 2002	Interim	GBX	1.27	30/03/2002	30/09/2002	20/11/2002	22/11/2002	20/12/2002	-
16 May 2002	Final	GBX	3.17	31/03/2001	31/03/2002	19/06/2002	21/06/2002	17/07/2002	4.42
14 Nov 2001	Interim	GBX	1.25	30/03/2001	30/09/2001	21/11/2001	23/11/2001	21/12/2001	-
17 May 2001	Final	GBX	3.12	31/03/2000	31/03/2001	13/06/2001	15/06/2001	13/07/2001	4.35
09 Nov 2000	Interim	GBX	1.23	30/03/2000	30/09/2000	20/11/2000	24/11/2000	22/12/2000	-
25 May 2000	Final	GBX	3.05	31/03/1999	31/03/2000	12/06/2000	16/06/2000	12/07/2000	4.25
16 Nov 1999	Interim	GBX	1.20	30/03/1999	30/09/1999	22/11/1999	26/11/1999	20/12/1999	-
18 May 1999	Final	GBX	2.97	31/03/1998	31/03/1999	24/05/1999	28/05/1999	02/07/1999	4.14
03 Nov 1998	Interim	GBX	1.17	30/03/1998	30/09/1998	07/12/1998	11/12/1998	12/01/1999	-
06 May 1998	Final	GBX	2.77	31/03/1997	31/03/1998	01/06/1998	05/06/1998	03/07/1998	3.94

Securities Trust Of Scot... Fundamentals

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
turnover	8.17	100.00%	8.34	100.00%	8.54	100.00%	8.70	100.00%	m
pre tax profit	7.08	86.60%	7.06	84.66%	7.32	85.70%	7.60	87.38%	m
attributable profit	6.44	78.79%	6.37	76.35%	6.65	77.84%	6.74	77.41%	m
retained profit	-0.07	-0.83%	1.32	15.85%	0.39	4.58%	0.22	2.48%	m
eps - basic (p)	5.74		5.69		6.23		6.46
eps - diluted (p)	5.74		5.69		6.23		6.46
dividends per share	5.95		6.10		6.25		6.41

Securities Trust Of Scot... 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	219.81	97.47%	206.67	96.38%	212.68	97.27%	189.67	95.71%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	2.79	1.24%	0.67	0.31%	0.88	0.40%	3.41	1.72%	m
cash & securities	2.91	1.29%	7.09	3.31%	5.08	2.33%	5.10	2.57%	m

TOTAL	225.51	100%	214.44	100%	218.64	100%	198.18	100%	m

LIABILITIES
creditors - short	10.50	4.66%	12.12	5.65%	12.04	5.50%	11.95	6.03%	m
creditors - long	15.55	6.89%	14.53	6.78%	15.16	6.93%	15.77	7.95%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	26.05	11.55%	26.66	12.43%	27.20	12.44%	27.71	13.98%	m

EQUITY
ord cap, reserves	199.46	88.45%	187.78	87.57%	191.44	87.56%	170.46	86.02%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	199.46	88.45%	187.78	87.57%	191.44	87.56%	170.46	86.02%	m

OTHER
NAV Basic	177.83		-		183.21		162.72
NAV Diluted	177.83		-		183.21		162.72

Securities Trust Of Scot... Cash Flow Statement

	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)
Operating CF	1.42	11.57	16.75	6.70	m
Pre-Financing CF	1.42	11.57	16.75	6.70	m
Retained CF	1.64	2.14	-0.45	0.02	m

Securities Trust Of Scot... Brokers

Name	Activity	Type	Mnemonic	Code
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
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
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC