# Dunedin Income Growth Investment Trust (DIG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 317p, market value 370 millionp.

## Valuation
- **P/E (trailing): 14.4×** (5-yr avg 4199.3×, 3-yr avg 1474.5×). Dunedin Income Growth Investment Trust trades at 14.4× trailing earnings, well below its own five-year average of 4199.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.1×**. Each dollar of revenue is priced at 5.1×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.0×**. Enterprise value is 4.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.1%** (5-yr avg 0.0%). Free cash flow equals 9.1% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.9%**. The inverse of the P/E: 6.9% of the price is earned each year.

## Profitability
- **Gross margin: 97.7%**. Dunedin Income Growth Investment Trust keeps 97.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 93.1%**. 93.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 83.3%**. 83.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.1%**. 7.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 15.1%**. Return on all capital, debt included, is 15.1%: comfortably above what that capital costs.
- **Return on assets: 13.9%**. Each dollar of assets produces 13.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -5.7%** (3-yr 6.2%/yr, 5-yr -1.7%/yr). Revenue fell 5.7% over the last year, against -1.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -8.3%** (3-yr 125.4%/yr). Earnings per share fell 8.3%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -7.1%/yr**. Free cash flow has compounded at -7.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 5 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**. Dunedin Income Growth Investment Trust does not currently pay a dividend, but it returned 20.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 8.3%** (YTD 3.6%, 3-mo 5.0%). The shares are up 8.3% over twelve months including dividends.
- **From 52-week high: -4.8%** (15.2% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.91** (volatility 14%). Beta of 0.91 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.