# Montanaro UK Smaller Companies Trust (MTU.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 111p, market value 123 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Montanaro UK Smaller Companies Trust reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 108.0×**. Each dollar of revenue is priced at 108.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 0.0%**. Free cash flow equals 0.0% of the market value.

## Profitability
- **Gross margin: 54.5%**. Montanaro UK Smaller Companies Trust keeps 54.5% of revenue after the direct cost of what it sells.
- **Operating margin: -9.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -9.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -0.1%**. Return on all capital, debt included, is -0.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -0.1%**. Each dollar of assets produces -0.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 109.1%** (3-yr -51.6%/yr, 5-yr -16.5%/yr). Revenue grew 109.1% over the last year, against -16.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 99.0%**. Earnings per share rose 99.0%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 6 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**. Montanaro UK Smaller Companies Trust does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 12.9%** (YTD 10.1%, 3-mo 4.0%). The shares are up 12.9% over twelve months including dividends.
- **From 52-week high: -7.4%** (21.6% above the low). Trading 7% below 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): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.58** (volatility 15%). Beta of 0.58 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.