Templeton Emerging Marke... (TEM)

Company name:	Templeton Emerging Markets Investment Trust Plc
Company Description:	To provide long-term capital appreciation through investment in companies operating in emerging markets or whose stocks are listed on the stock markets of such countries
EPIC:	TEM	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0008829292
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.franklintempleton.co.uk/	Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,006.00	-8.0 [-0.79]	1,004.00	1,006.00	1,008.00	1,010.00	1,002.00	217,023
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
2,434.03	241.95	0.07	24.40	19.00	41.23	1.89	1,080.00 - 667.00

Templeton Emerging Marke... Key Figures

(at previous day's close)
Market Cap.	2,434.03	m
Shares In Issue	241.95	m
Prev. Close	1,014.00
PE Ratio	41.23
Dividend Yield	1.89	%
EPS - basic	24.40	p
Dividend PS	19.00	p
Dividend Cover	1.28
Cash Flow PS	18.35	p
Return On Equity (ROE)	3.38	%
Operating Margin	88.19	%
PEG Factor	1.00
EPS Growth Rate	41.37	%
Dividends PS Growth Rate	18.75	%
Net Debt	15.34	m
Gross Gearing	5.49	%
Quick Assets	98.57	m
Net Working Capital	95.40	m
Intangibles / Fixed Assets	-	%
Turnover PS	31.04	p
Pre-Tax Profit PS	27.38	p
Retained Profit PS	5.78	p
Cash PS	36.30	p
Net Cash PS	34.99	p
Net Tangible Asset Value PS *	733.89	p
Net Asset Value PS	732.30	p
Spread	2.00 (0.20%)
* 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.

Templeton Emerging Marke... Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,030.00	1,002.00
4 weeks	1,030.00	989.00
12 weeks	1,080.00	964.00
1 year	1,080.00	667.00

Share Price Chart (5 years)

Templeton Emerging Marke... Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,020.00	-14.00	-1.37	1,002.00	0.35		1,018.27
4 weeks	1,016.00	-10.00	-0.98	989.00	0.30		1,011.32
12 weeks	998.00	8.00	0.80	964.00	0.38		1,016.24
26 weeks	862.00	144.00	16.71	845.00	0.40		960.05
1 year	691.00	315.00	45.59	667.00	0.36		874.15
3 years	724.00	282.00	38.95	570.00	0.38		784.46
5 years	451.90	554.10	122.62	434.40	0.39		734.35
† periods calculated are whole weeks rather than calendar months

Templeton Emerging Marke... Key Management Ratios

Templeton Emerging Marke... Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	3.01
PE Ratio	41.23
Tobin's Q Ratio	1.18
Tobin's Q Ratio (excl. intangibles)	1.18
Dividend Yield	1.89	%
Market-to-Book Ratio	1.37
Price-to-Pre-Tax Profit PS	36.74
Price-to-Retained Profit PS	174.00
Price-to-Cash Flow PS	54.84
Price-to-Sales PS	32.40
Price-to-Net Tangible Asset Value PS	1.37
Price-to-Cash PS	27.71
Net Working Capital PS	39.43
Price Pct to Working Capital PS	25.51	%
Earnings Yield	2.43	%
Average PE	56.37
Years in average	5
PE to PE average	73.14	%

Templeton Emerging Marke... Financial Ratios

(Leverage Ratios)
Debt Ratio	5.33	%
Debt-to-Equity Ratio	0.06
Debt-to-Equity Ratio (excl. Intgbl)	0.06
Debt-to-Equity Market Value	0.04
Net Gearing	0.82	%
Net Gearing (excl. Intangibles)	0.82	%
Gross Gearing	5.49	%
Gross Gearing (excl. Intangibles)	5.49	%
Gearing Under 1 Year	0.17	%
Gearing Under 1 Year (excl. Intgbl)	0.17	%
Assets/Equity	1.06
Cash/Equity	4.95
(Liquidity Ratios)
Net Working Capital to Total Assets	5.08	%
Current Ratio	31.10
Quick Ratio (Acid Test)	31.10
Liquidity Ratio	27.72
Cash & Equiv/Current Assets	89.11	%
(Solvency Ratios)
Enterprise Value	2,446.20	m
CFO/Sales	0.59
CFO/Attributable Profit	0.74
CFO/Assets	0.02
CFO/Debt	0.43
Total Debt/Equity Market Value	0.04
Total Debt/Sales	1.37
Total Debt/Pre-Tax Profit	1.56
Total Debt	103.17	m
Total Debt/Net Current Assets	1.08	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	15.34	%
5 yr Compound Earnings Growth	28.19	%
10 yr Compound Earnings Growth	14.79	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
0.0743	-0.0088

Templeton Emerging Marke... Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.53	%
Return On Assets (ROA)	2.91	%
Net Profit Margin	79.79	%
Assets Turnover	0.04
Return On Equity (ROE)	3.38	%
Return On Investment (ROI)	3.00	%
Dividend Payout Ratio	77.87	%
Plowback Ratio	22.13	%
Growth from Plowback Ratio	0.68	%
Net Income Of Revenues	18.62	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.04
Fixed Assets Turnover	0.04
Current Assets Turnover	0.82
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	27.47
Debtors-to-Sales	14.88	%
Debt Collection Period	54.30	Days

Templeton Emerging Marke... Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
25 Nov 2020	Interim	GBX	5.00	30/09/2019	30/09/2020	03/12/2020	04/12/2020	11/01/2021	-
04 Jun 2020	Final	GBX	14.00	31/03/2019	31/03/2020	11/06/2020	12/06/2020	17/07/2020	19.00
25 Nov 2019	Interim	GBX	5.00	30/03/2019	30/09/2019	05/12/2019	06/12/2019	15/01/2020	-
25 Nov 2019	Special	GBX	2.60	30/03/2019	30/09/2019	05/12/2019	06/12/2019	15/01/2020	-
05 Jun 2019	Final	GBX	11.00	31/03/2018	31/03/2019	13/06/2019	14/06/2019	18/07/2019	16.00
26 Nov 2018	Interim	GBX	5.00	30/03/2018	30/09/2018	06/12/2018	07/12/2018	16/01/2019	-
05 Jun 2018	Final	GBX	15.00	31/03/2017	31/03/2018	14/06/2018	15/06/2018	19/07/2018	15.00
07 Jun 2017	Final	GBX	8.25	31/03/2016	31/03/2017	15/06/2017	16/06/2017	20/07/2017	8.25
08 Jun 2016	Final	GBX	8.25	31/03/2015	31/03/2016	16/06/2016	17/06/2016	22/07/2016	8.25
12 Jun 2015	Final	GBX	8.25	31/03/2014	31/03/2015	18/06/2015	19/06/2015	22/07/2015	8.25
13 Jun 2014	Final	GBX	7.25	31/03/2013	31/03/2014	18/06/2014	20/06/2014	23/07/2014	7.25
04 Jun 2013	Final	GBX	6.25	31/03/2012	31/03/2013	12/06/2013	14/06/2013	17/07/2013	6.25
19 Jun 2012	Final	GBX	5.75	31/03/2011	31/03/2012	27/06/2012	29/06/2012	25/07/2012	5.75
14 Jun 2011	Final	GBX	4.25	31/03/2010	31/03/2011	22/06/2011	24/06/2011	27/07/2011	4.25
16 Jun 2010	Final	GBX	3.75	31/03/2009	31/03/2010	23/06/2010	25/06/2010	28/07/2010	3.75
15 Jun 2009	Special	GBX	3.75	30/04/2008	30/04/2009	17/06/2009	19/06/2009	19/07/2009	-
15 Jun 2009	Interim	GBX	3.75	30/04/2008	30/04/2009	17/06/2009	19/06/2009	22/07/2009	-
19 Sep 2008	Final	GBX	3.50	30/04/2007	30/04/2008	27/09/2008	29/08/2008	01/10/2008	3.50
10 Jul 2008	Final	GBX	3.50	30/04/2007	30/04/2008	-	-	-	3.50
14 Aug 2007	Final	GBX	3.13	30/04/2006	30/04/2007	29/08/2007	31/08/2007	03/10/2007	3.13
27 Jun 2006	Final	GBX	2.76	30/04/2005	30/04/2006	30/08/2006	01/09/2006	04/10/2006	2.76
22 Jun 2005	Final	GBX	2.67	30/04/2004	30/04/2005	31/08/2005	02/09/2005	03/10/2005	2.67
02 Jul 2004	Final	GBX	2.25	30/04/2003	30/04/2004	25/08/2004	27/08/2004	22/09/2004	2.25
01 Jul 2003	Final	GBX	1.25	30/04/2002	30/04/2003	20/08/2003	22/08/2003	19/09/2003	1.25
26 Jun 2002	Final	GBX	1.25	30/04/2001	30/04/2002	14/08/2002	16/08/2002	20/09/2002	1.25
04 Jul 2001	Final	GBX	1.25	30/04/2000	30/04/2001	15/08/2001	17/08/2001	21/09/2001	1.25
17 Jul 2000	Final	GBX	1.10	30/04/1999	30/04/2000	14/08/2000	18/08/2000	22/09/2000	1.10
16 Jul 1999	Final	GBX	1.10	30/04/1998	30/04/1999	16/08/1999	20/08/1999	21/09/1999	1.10
22 Jul 1998	Final	GBX	1.10	30/04/1997	30/04/1998	17/08/1998	21/08/1998	16/09/1998	1.10

Templeton Emerging Marke... Fundamentals

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
turnover	46.12	100.00%	60.49	100.00%	59.67	100.00%	75.11	100.00%	m
pre tax profit	23.11	50.11%	50.19	82.98%	50.67	84.92%	66.25	88.19%	m
attributable profit	19.03	41.25%	44.14	72.98%	44.87	75.20%	59.93	79.79%	m
retained profit	-5.11	-11.07%	21.01	34.73%	-7.87	-13.18%	13.99	18.62%	m
eps - basic (p)	6.59		15.90		17.26		24.40
eps - diluted (p)	6.59		15.90		17.26		24.40
dividends per share	8.25		15.00		16.00		19.00

Templeton Emerging Marke... 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	2,165.95	96.80%	2,370.35	96.86%	2,162.44	96.23%	1,780.25	94.75%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	6.39	0.29%	9.00	0.37%	11.61	0.52%	10.74	0.57%	m
cash & securities	65.27	2.92%	67.84	2.77%	73.21	3.26%	87.83	4.67%	m

TOTAL	2,237.60	100%	2,447.19	100%	2,247.26	100%	1,878.82	100%	m

LIABILITIES
creditors - short	89.51	4.00%	146.38	5.98%	129.08	5.74%	3.17	0.17%	m
creditors - long	-	-%	-	-%	-	-%	100.00	5.32%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	89.51	4.00%	146.38	5.98%	129.08	5.74%	103.17	5.49%	m

EQUITY
ord cap, reserves	2,148.10	96.00%	2,300.81	94.02%	2,118.18	94.26%	1,775.65	94.51%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,148.10	96.00%	2,300.81	94.02%	2,118.18	94.26%	1,775.65	94.51%	m

OTHER
NAV Basic	762.80		846.00		-		732.30
NAV Diluted	-		-		-		732.30

Templeton Emerging Marke... Cash Flow Statement

	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)
Operating CF	17.87	23.61	33.50	44.39	m
Pre-Financing CF	18.46	41.15	229.18	157.31	m
Retained CF	-12.09	2.58	5.37	14.62	m

Templeton Emerging Marke... 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
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