# Lowland Investment Company Plc (LWI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 186p, market value 407 millionp.

## Valuation
- **P/E (trailing): 4.6×** (5-yr avg 515.8×, 3-yr avg 598.5×). Lowland Investment Company Plc trades at 4.6× trailing earnings, well below its own five-year average of 515.8×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.0×**. Each dollar of revenue is priced at 5.0×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.8×**. Enterprise value is 3.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.9%** (5-yr avg 0.0%). Free cash flow equals 7.9% 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: 21.5%**. The inverse of the P/E: 21.5% of the price is earned each year.

## Profitability
- **Operating margin: 146.5%**. 146.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 291.3%**. 291.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on invested capital: 29.2%**. Return on all capital, debt included, is 29.2%: comfortably above what that capital costs.
- **Return on assets: 27.7%**. Each dollar of assets produces 27.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -11.5%** (3-yr -5.6%/yr). Revenue fell 11.5% over the last year.
- **EPS growth (1 yr): 14.3%**. Earnings per share rose 14.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 0.3%/yr**. Free cash flow has compounded at 0.3% a year over three years.

## 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**. Lowland Investment Company Plc does not currently pay a dividend, but it returned 16.5% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 27.4%** (YTD 17.3%, 3-mo 9.7%). The shares are up 27.4% over twelve months including dividends.
- **From 52-week high: -3.0%** (26.9% 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): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.92** (volatility 15%). Beta of 0.92 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.