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Pacific Horizon Investment Trust PLC
(LSE:PHI)
Select Model
Select Model
Rating:69Neutral
Price Target:
1,097.00 p
â–²(3.10% Upside)
Action:Reiterated
Date:05/13/26
Pacific Horizon Investment Trust scores 69, reflecting a balance of strengths and risks. On the positive side, the stock trades at an attractive valuation relative to its net asset base, benefits from a strong balance sheet with minimal leverage, and exhibits a clear bullish price trend above all major moving averages. However, the score is moderated by significant earnings volatility inherent to its Asia-Pacific equity focus, very weak cash flow conversion, and notably overbought technical conditions (RSI >80, Stochastic ~90) that elevate near-term pullback risk. The negligible dividend yield limits income appeal. The trust is well-suited for investors with conviction in Asian emerging markets and tolerance for cyclical swings, but the current technical overextension suggests caution on entry timing.
Positive Factors
Conservative balance sheet
Very low debt-to-equity (~0.06) and a substantial equity base provide structural financial resilience. This conservatism preserves solvency during market stress, maintains borrowing optionality for opportunistic gearing, and supports NAV stability over a multi-month horizon.
Negative Factors
Weak cash conversion
Earnings are not reliably translating into cash: OCF covering ~3% of net income and steep free cash flow decline mean reported profits may be accounting or valuation-driven. Weak cash conversion limits ability to fund distributions, buybacks, or absorb shocks without selling assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt-to-equity (~0.06) and a substantial equity base provide structural financial resilience. This conservatism preserves solvency during market stress, maintains borrowing optionality for opportunistic gearing, and supports NAV stability over a multi-month horizon.
Read all positive factors
Pacific Horizon Investment Trust PLC (PHI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£831.46M
Dividend Yield0.14%
Average Volume (3M)164.26K
Price to Earnings (P/E)3.7
Beta (1Y)0.77
Revenue Growth205.28%
EPS Growth260.32%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)2.88
Shares Outstanding78,736,910
10 Day Avg. Volume144,946
30 Day Avg. Volume164,261
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.94
Price to Sales (P/S)11.89
P/FCF Ratio548.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pacific Horizon Investment Trust PLC Business Overview & Revenue Model
Company Description
Pacific Horizon Investment Trust PLC is a closed-ended equity investment trust, actively managed by Baillie Gifford & Co Ltd. The trust primarily focuses on investing in publicly traded companies across the Asia Pacific region (excluding Japan) an...
How the Company Makes Money
PHI does not generate operating revenue from selling products or services; instead, it makes money for shareholders through investment returns on its portfolio. The trust’s performance is driven primarily by (1) capital appreciation: increases in ...
Pacific Horizon Investment Trust PLC Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.43M | 48.67M | 42.42M | -20.44M | -111.03M | 208.33M |
| Gross Profit | 248.16M | 48.67M | 38.45M | -24.18M | -115.06M | 204.85M |
| EBITDA | 245.15M | 44.22M | 38.14M | 0.00 | 0.00 | 208.03M |
| Net Income | 243.38M | 43.55M | 26.91M | -23.29M | -108.18M | 199.17M |
Balance Sheet | ||||||
| Total Assets | 876.49M | 656.39M | 611.17M | 585.61M | 615.19M | 758.27M |
| Cash, Cash Equivalents and Short-Term Investments | 6.89M | 3.82M | 4.21M | 12.44M | 5.40M | 31.77M |
| Total Debt | 60.00M | 35.78M | 52.00K | 52.00K | 52.00K | 60.78M |
| Total Liabilities | 66.61M | 43.04M | 9.20M | 52.00K | 4.64M | 71.04M |
| Stockholders Equity | 809.88M | 613.36M | 601.97M | 580.36M | 610.55M | 687.23M |
Cash Flow | ||||||
| Free Cash Flow | -3.39M | 1.06M | -3.16M | 4.45M | 2.52M | 396.00K |
| Operating Cash Flow | -3.39M | 1.06M | -3.16M | 4.45M | 2.52M | 396.00K |
| Investing Cash Flow | 10.22M | -5.74M | 332.00K | 10.30M | -901.00K | -200.59M |
| Financing Cash Flow | -2.57M | 4.88M | -5.30M | -6.91M | -32.08M | 221.17M |
Pacific Horizon Investment Trust PLC Technical Analysis
Positive
1064.00
Price Trends
1120.24
Negative
1053.05
Positive
938.22
Positive
Market Momentum
-24.70
Positive
46.37
Neutral
49.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PHI, the sentiment is Positive. The current price of 1064 is below the 20-day moving average (MA) of 1065.80, below the 50-day MA of 1120.24, and above the 200-day MA of 938.22, indicating a neutral trend. The MACD of -24.70 indicates Positive momentum. The RSI at 46.37 is Neutral, neither overbought nor oversold. The STOCH value of 49.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PHI.
Pacific Horizon Investment Trust PLC Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
87 Outperform | £9.13B | 13.38 | 12.35% | 3.65% | 17.81% | 93.71% | |
84 Outperform | £1.22B | 19.29 | 27.60% | 3.12% | 37.79% | 29.03% | |
77 Outperform | £1.36B | 11.69 | 14.60% | 8.21% | -21.74% | 58.92% | |
69 Neutral | £831.46M | 3.67 | 34.20% | 0.14% | 205.28% | 260.32% | |
69 Neutral | £791.26M | 7.59 | 11.59% | 2.51% | 37.81% | 83.65% | |
68 Neutral | £5.39B | 11.31 | 18.00% | 4.66% | 6.46% | 6.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GB:PHI
Pacific Horizon Investment Trust PLC
1,058.00
407.30
62.59%
GB:ASHM
Ashmore Group PLC
210.80
50.97
31.89%
GB:ICG
ICG plc
1,949.00
-74.73
-3.69%
GB:JUP
Jupiter Fund Management Plc
159.40
43.53
37.56%
GB:SDR
Schroders
588.50
216.79
58.32%
GB:IHP
IntegraFin Holdings PLC
372.00
24.82
7.15%
Pacific Horizon Investment Trust PLC Corporate Events
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock in Share Buyback Move
Neutral
Jul 31, 2026
Pacific Horizon Investment Trust PLC has repurchased 82,743 ordinary shares at 1,053.06p each, with the shares to be held in treasury, increasing its treasury stock to 14,228,885 shares. This move adjusts the capital structure while maintaining fl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon boosts treasury stock and updates share count for FCA disclosures
Neutral
Jul 29, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 996.46 pence each, with the shares to be held in treasury, increasing its treasury balance to 14,146,142 shares. After this transaction, the number of shares in issue e...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock With Share Buyback
Positive
Jul 27, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 1,058.67p each, with the shares being retained in treasury rather than cancelled. This transaction increases the treasury holding to 14,096,142 shares and leaves 77,978...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock and Updates Share Count
Neutral
Jul 23, 2026
Pacific Horizon Investment Trust PLC has repurchased 182,092 ordinary shares at 1,082.41 pence per share, which will be held in treasury, increasing its treasury holding to 14,046,142 shares. Following this transaction, the number of shares in iss...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon updates share count after treasury buyback
Neutral
Jul 22, 2026
Pacific Horizon Investment Trust PLC has bought back 76,000 ordinary shares at 1,075.07p on 22 July 2026, placing the repurchased stock into treasury and bringing its total treasury holdings to 13,864,050 shares. As a result, the number of shares ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Tightens Free Float With New Share Buyback
Positive
Jul 17, 2026
On 17 July 2026, Pacific Horizon Investment Trust PLC repurchased 150,000 ordinary shares at 1,031.30p each and transferred them into treasury, bringing total treasury holdings to 13,788,050 shares. This move leaves 78,286,911 shares in issue excl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust boosts treasury stock with latest share buyback
Positive
Jul 16, 2026
Pacific Horizon Investment Trust PLC has bought back 200,000 ordinary shares at 1,066.48p each, with the repurchased stock being placed into treasury rather than cancelled. This move lifts the total number of treasury shares to 13,638,050 and leav...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Updates Share Count After New Buyback
Positive
Jul 15, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at 1,094.50p each, with the shares to be held in treasury, bringing total treasury holdings to 13,438,050 shares. Following this transaction, the number of shares in issu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock in Latest Buyback
Positive
Jul 13, 2026
Pacific Horizon Investment Trust PLC announced it has repurchased 92,643 ordinary shares at 1,078.54p each, with the shares to be held in treasury rather than cancelled. This buyback increases the total treasury holdings to 13,338,050 shares and l...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adjusts Share Capital Through Treasury Buyback
Positive
Jul 10, 2026
Pacific Horizon Investment Trust PLC has repurchased 5,648 ordinary shares at 1,111.23 pence each, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now holds 13,245,407 shares in treasury, leavi...
Business Operations and Strategy
Pacific Horizon’s Qian Zhang to Appear on QuotedData Investment Webinar
Positive
Jul 9, 2026
Pacific Horizon Investment Trust PLC will feature in QuotedData’s weekly ‘In The HotSeat’ webinar, with portfolio manager Qian Zhang set to be interviewed by host Matthew Read on 10 July 2026. The live session, part of a regular ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon adjusts share capital with new treasury purchase
Neutral
Jul 7, 2026
Pacific Horizon Investment Trust PLC has bought back 100,000 ordinary shares at 1,109.38p, with the repurchased stock to be held in treasury rather than cancelled. This move adjusts the balance between issued shares and treasury holdings, which ca...
Business Operations and StrategyRegulatory Filings and Compliance
Pacific Horizon Keeps Block Listed Share Capacity Unchanged in First Half of 2026
Positive
Jul 3, 2026
Pacific Horizon Investment Trust reported that, under its general block listing scheme covering the period from 1 January to 30 June 2026, there was no change in the number of ordinary 10 pence shares available. The balance of unallotted securitie...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Capital After Treasury Purchase
Neutral
Jul 2, 2026
Pacific Horizon Investment Trust PLC has purchased 76,254 ordinary shares at 1,127.99p each, with the shares to be held in treasury, signalling continued active management of its capital base. Following this transaction, the company now holds 13,1...
Regulatory Filings and Compliance
Pacific Horizon Updates Market on Voting Rights and Share Capital
Neutral
Jul 1, 2026
Pacific Horizon Investment Trust PLC has reported that its share capital comprises 92,074,961 ordinary shares, of which 13,063,505 are held in treasury, leaving 79,011,456 shares in issue that carry voting rights. The company highlighted that this...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adds to Treasury Stock in Capital Management Move
Neutral
Jun 30, 2026
Pacific Horizon Investment Trust PLC is a UK-listed investment trust focused on global growth opportunities, typically gaining exposure to high-growth markets and companies through an actively managed portfolio. It is overseen by Baillie Gifford ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock with Share Buyback
Positive
Jun 29, 2026
Pacific Horizon Investment Trust PLC has repurchased 35,000 of its own ordinary shares at a price of 1,135.52p per share, with the shares to be held in treasury rather than cancelled. This transaction forms part of the company’s capital mana...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury
Positive
Jun 26, 2026
Pacific Horizon Investment Trust PLC has repurchased 30,000 ordinary shares at 1,148.42p each, with the shares to be held in treasury, as part of its ongoing capital management strategy. Following this transaction, the company now holds 12,992,505...
Stock Buyback
Pacific Horizon Investment Trust Buys Back Shares for Treasury
Neutral
Jun 25, 2026
Pacific Horizon Investment Trust PLC has repurchased 20,000 ordinary shares at 1,180.15p each, which will be held in treasury, in a move that slightly reduces its free float. Following this transaction, the trust now holds 12,962,505 shares in tre...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adds to Treasury Stake With Share Buyback
Positive
Jun 24, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at a price of 1,178.19p each, with the shares to be held in treasury, increasing its total treasury holding to 12,942,505 shares. Following this transaction, the number of...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Expands Treasury Stock Through Share Buyback
Positive
Jun 23, 2026
Pacific Horizon Investment Trust PLC has bought back 100,000 ordinary shares at 1,178.32p each, with the repurchased stock to be held in treasury rather than cancelled. This move increases treasury holdings to 12,892,505 shares and reduces the eff...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock with Share Buyback
Positive
Jun 22, 2026
Pacific Horizon Investment Trust PLC has repurchased 128,922 ordinary shares at 1,239.93p each, with the shares to be held in treasury, increasing its total treasury holdings to 12,792,505 shares. The move reduces the number of shares in issue to ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Tightens Capital Base With Share Buyback
Positive
Jun 19, 2026
Pacific Horizon Investment Trust PLC has repurchased 200,000 ordinary shares at 1,211.60p per share, with the shares being held in treasury rather than cancelled. This move adjusts the trust’s capital structure and can support the secondary ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock With Share Buyback
Positive
Jun 11, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at 1,080.68p each, with the acquired shares to be held in treasury, increasing its treasury holding to 12,463,583 shares. Following this transaction, the number of shares...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Increases Treasury Stock with Share Buyback
Positive
Jun 10, 2026
Pacific Horizon Investment Trust PLC has repurchased 200,000 of its own ordinary shares at 1,071.35p each, with the shares to be held in treasury rather than cancelled. This transaction increases the total treasury holding to 12,363,583 shares and...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury Holdings
Neutral
Jun 9, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at a price of 1,093.86 pence each, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now holds 12,163,583 shares in tr...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury, Updates Free Float
Positive
Jun 4, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 ordinary shares at 1,177.35p each, with the shares to be held in treasury rather than cancelled. This transaction increases the company’s treasury holding to 12,063,583 shares and r...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock with Share Buyback
Positive
Jun 2, 2026
Pacific Horizon Investment Trust PLC has repurchased 125,000 ordinary shares at 1,184.65 pence per share, with the shares to be held in treasury rather than cancelled. This move forms part of the company’s capital management strategy and may...
Regulatory Filings and Compliance
Pacific Horizon Updates Share Capital and Voting Rights Figure
Neutral
Jun 1, 2026
Pacific Horizon Investment Trust PLC reported that its issued share capital comprises 92,074,961 ordinary shares, of which 11,863,583 are held in treasury, leaving 80,211,378 shares carrying voting rights. This updated voting rights figure serves ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Increases Treasury Stock with Share Buyback
Neutral
May 29, 2026
Pacific Horizon Investment Trust PLC has repurchased 70,000 ordinary shares at 1,161.43p per share, with the bought-back stock to be held in treasury rather than cancelled. This move increases the company’s treasury holdings to 11,863,583 sh...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Buyback and Treasury Holdings
Neutral
May 28, 2026
Pacific Horizon Investment Trust PLC has repurchased 20,000 of its ordinary shares at 1,156.58p per share, with the shares to be held in treasury, reflecting active management of its capital structure. Following this transaction, the company now h...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury, Updates Free Float Count
Neutral
May 27, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 of its own ordinary shares at 1,162.43p each, with the shares to be held in treasury, increasing its total treasury holding to 11,773,583 shares. Following this transaction, the number o...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury Holding
Neutral
May 26, 2026
Pacific Horizon Investment Trust PLC has repurchased 51,293 ordinary shares at 1,119.79p each, with the shares to be held in treasury rather than cancelled. This move adjusts the company’s capital structure while maintaining flexibility to r...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock with Share Buyback
Positive
May 19, 2026
Pacific Horizon Investment Trust PLC has repurchased 150,000 ordinary shares at 1,089.64p each, with the acquired stock to be held in treasury rather than cancelled. This move increases the company’s treasury share holding to 11,622,290, sig...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock in Latest Share Buyback
Positive
May 18, 2026
Pacific Horizon Investment Trust PLC has repurchased 20,000 ordinary shares at 1,101.42p each, with the shares being placed into treasury rather than cancelled. This buyback increases the company’s treasury holdings to 11,472,290 shares, ref...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock with Share Buyback
Positive
May 8, 2026
Pacific Horizon Investment Trust PLC has repurchased 175,000 ordinary shares at 1,106.86p each, and these shares will be held in treasury, increasing its treasury stock to 11,452,290 shares. After this transaction, the company has 80,622,671 share...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock With Share Buyback
Positive
May 6, 2026
Pacific Horizon Investment Trust PLC has repurchased 220,506 of its own ordinary shares at a price of 1,095.05p, adding them to its treasury stock as part of its capital management strategy. Following this transaction, the company now holds 11,277...
Regulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Capital and Voting Rights
Neutral
May 1, 2026
Pacific Horizon Investment Trust PLC has reported that its capital consists of 92,074,961 ordinary shares, of which 11,056,784 are held in treasury, leaving 81,018,177 shares carrying voting rights as of 30 April 2026. This updated voting rights f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.