# TwentyFour Select Monthly Income Ord (SMIF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 86p, market value 320 millionp.

## Valuation
- **P/E (trailing): 14.3×** (5-yr avg 707.0×, 3-yr avg 697.0×). TwentyFour Select Monthly Income Ord trades at 14.3× trailing earnings, well below its own five-year average of 707.0×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.9×**. Each dollar of revenue is priced at 5.9×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.3×**. Enterprise value is 7.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.1%** (5-yr avg 0.0%). Free cash flow equals 11.1% 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: 7.0%**. The inverse of the P/E: 7.0% of the price is earned each year.

## Profitability
- **Gross margin: 92.2%**. TwentyFour Select Monthly Income Ord keeps 92.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 82.0%**. 82.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 110.6%**. 110.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.0%**. 10.0% on shareholders' equity is solid.
- **Return on invested capital: 16.7%**. Return on all capital, debt included, is 16.7%: comfortably above what that capital costs.
- **Return on assets: 15.3%**. Each dollar of assets produces 15.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -39.0%** (3-yr 57.8%/yr, 5-yr 16.8%/yr). Revenue fell 39.0% over the last year, against 16.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -42.9%** (5-yr 13.0%/yr). Earnings per share fell 42.9%, roughly in step with revenue.

## 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 yield: 8.26%** (0p per share, trailing). TwentyFour Select Monthly Income Ord yields 8.26%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 81%** (122% of free cash flow). 81% of earnings goes out as dividends, leaving a thin cushion.
- **Dividend growth (5 yr): 3.5%/yr** (1-yr -1.1%). The dividend has grown 3.5% a year over five years.
- **Shareholder yield: -20.1%**. Dividends plus net buybacks return -20.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): -1.7%** (YTD -2.1%, 3-mo -0.5%). The shares are down 1.7% over twelve months including dividends.
- **From 52-week high: -4.8%** (15.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.17** (volatility 12%). Beta of 0.17 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.