# F&C Investment Trust PLC (FCIT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 343p, market value 6.4 billionp.

## Valuation
- **P/E (trailing): 4.5×** (5-yr avg 728.4×, 3-yr avg 793.0×). F&C Investment Trust PLC trades at 4.5× trailing earnings, well below its own five-year average of 728.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 0.9×**. 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: 1.8%** (5-yr avg 0.0%). Free cash flow equals 1.8% 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: 22.1%**. The inverse of the P/E: 22.1% of the price is earned each year.

## Profitability
- **Gross margin: 104.9%**. F&C Investment Trust PLC keeps 104.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 103.2%**. 103.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 105.7%**. 105.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.8%**. 10.8% on shareholders' equity is solid.
- **Return on invested capital: 25.5%**. Return on all capital, debt included, is 25.5%: comfortably above what that capital costs.
- **Return on assets: 24.6%**. Each dollar of assets produces 24.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -2.4%** (3-yr 25.8%/yr, 5-yr 2.9%/yr). Revenue fell 2.4% over the last year, against 2.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -30.3%** (5-yr 8.3%/yr). Earnings per share fell 30.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 8.7%/yr**. Free cash flow has compounded at 8.7% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 85 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**. F&C Investment Trust PLC does not currently pay a dividend, but it returned 5.5% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 19.0%** (YTD 10.2%, 3-mo 1.7%). The shares are up 19.0% over twelve months including dividends.
- **From 52-week high: -74.6%** (18.4% above the low). Trading 75% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.68** (volatility 13%). Beta of 0.68 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.