Scottish Mortgage Investment Trust/£SMT

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About Scottish Mortgage Investment Trust

Scottish Mortgage Investment Trust is a publicly traded investment trust based in Edinburgh, Scotland. It primarily focuses on investing in global public and private companies, spanning various industries such as technology, healthcare, and consumer goods. The trust is known for its long-term investment approach, emphasizing high-growth potential companies. Founded in 1909, Scottish Mortgage Investment Trust is managed by Baillie Gifford, a renowned independent investment management firm. Its extensive geographic footprint includes investments in North America, Europe, and Asia. The trust's strategic positioning is underscored by its ability to enter early and maintain significant positions in high-performing companies globally.

Ticker

£SMT
Sector

Primary listing

LSE

Employees

-

SMT Metrics

BasicAdvanced
£12B
11.43
£0.95
0.76
£0.04
0.41%

What the Analysts think about SMT

Analyst ratings (Buy, Hold, Sell) for Scottish Mortgage Investment Trust stock.

Bulls say / Bears say

Total assets increased to £15.47 bn as of 30 September 2025, up from £14.99 bn at 31 August 2025, driven by strong market gains and net inflows (Baillie Gifford).
Scottish Mortgage delivered a share price total return of 288.3% and NAV total return of 351% over the last ten years, surpassing the FTSE All-World benchmark’s 196.8% (FundCalibre).
Gearing is managed conservatively at 9%, giving a modest leverage boost to returns while keeping downside risk limited, well under the board’s 30–35% maximum threshold (FundCalibre).
Shares continue trading at a near 10% discount to NAV, indicating ongoing valuation challenges despite share buybacks (The AIC).
The trust redeemed over £2.5 bn of shares since March 2024, which reflects weak market demand and may divert capital away from growth investments (QuotedData).
In the past three years, the share price total return of 26.9% and NAV return of 31.9% have lagged the FTSE All-World’s 38.1%, highlighting underperformance in the medium term (FundCalibre).
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2025.

SMT Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

SMT Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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