# Sequoia Economic Infrastructure Income Fund Limited (SEQI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 85p, market value 1.2 billionp.

## Valuation
- **P/E (trailing): 12.2×** (5-yr avg 1757.8×, 3-yr avg 1382.0×). Sequoia Economic Infrastructure Income Fund Limited trades at 12.2× trailing earnings, well below its own five-year average of 1757.8×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 17.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.33**. A PEG of 0.33 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.8×**. Each dollar of revenue is priced at 5.8×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.6×**. Enterprise value is 6.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.9%** (5-yr avg 0.1%). Free cash flow equals 11.9% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.2%**. The inverse of the P/E: 8.2% of the price is earned each year.

## Profitability
- **Gross margin: 92.7%**. Sequoia Economic Infrastructure Income Fund Limited keeps 92.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 88.1%**. 88.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 90.8%**. 90.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.6%**. 7.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 13.7%**. Return on all capital, debt included, is 13.7%.
- **Return on assets: 13.1%**. Each dollar of assets produces 13.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 27.6%** (5-yr -11.6%/yr). Revenue grew 27.6% over the last year, against -11.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 51.1%** (5-yr -12.1%/yr). Earnings per share rose 51.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 35.2%/yr**. Free cash flow has compounded at 35.2% a year over three years.

## Financial health
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.
- **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 yield: 8.11%** (0p per share, trailing). Sequoia Economic Infrastructure Income Fund Limited yields 8.11%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 101%** (144% of free cash flow). The dividend exceeds earnings (101% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 11**. 11 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 1.9%/yr** (1-yr 0.0%). The dividend has grown 1.9% a year over five years.
- **Shareholder yield: 17.4%**. Dividends plus net buybacks return 17.4% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (1 analyst). 1 analysts cover Sequoia Economic Infrastructure Income Fund Limited; the consensus is buy, with an average price target of 90p (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.9%** (YTD 7.1%, 3-mo 4.0%). The shares are up 6.9% over twelve months including dividends.
- **From 52-week high: -3.2%** (12.8% 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): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.27** (volatility 14%). Beta of 0.27 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.