# Baillie Gifford China Growth Trust plc (BGCG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 303p, market value 164 millionp.

## Valuation
- **P/E (trailing): 3.5×** (5-yr avg 356.4×, 3-yr avg 356.4×). Baillie Gifford China Growth Trust plc trades at 3.5× trailing earnings, well below its own five-year average of 356.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 1.6×**. Enterprise value is 1.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 0.8%** (5-yr avg 0.0%). Free cash flow equals 0.8% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 28.7%**. The inverse of the P/E: 28.7% of the price is earned each year.

## Profitability
- **Gross margin: 98.7%**. Baillie Gifford China Growth Trust plc keeps 98.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 96.4%**. 96.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 96.3%**. 96.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 25.6%**. 25.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 44.9%**. Return on all capital, debt included, is 44.9%: comfortably above what that capital costs.
- **Return on assets: 44.2%**. Each dollar of assets produces 44.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 27.3%** (5-yr -0.2%/yr). Revenue grew 27.3% over the last year, against -0.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 29.9%** (5-yr -7.1%/yr). Earnings per share rose 29.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 62.6%/yr**. Free cash flow has compounded at 62.6% a year over three years.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 2 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Baillie Gifford China Growth Trust plc does not currently pay a dividend, but it returned 6.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 3.5%** (YTD -2.8%, 3-mo -4.2%). The shares are up 3.5% over twelve months including dividends.
- **From 52-week high: -11.9%** (6.6% above the low). Trading 12% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 0.42** (volatility 20%). Beta of 0.42 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BGCG.L · Page: https://foliofundamentals.com/stocks/bgcg.l

Not investment advice.