Pacific Horizon Investment Trust PLC (GB:PHI)
LSE:PHI
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Pacific Horizon Investment Trust PLC
(LSE:PHI)
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Rating:73Outperform
Price Target:
1,126.00 p
â–²(46.42% Upside)
Action:UpgradedDate:04/26/26
The score is led by unusually attractive valuation (very low P/E and high dividend yield) and constructive technical momentum (price above major moving averages with positive MACD). Offsetting these positives, financial performance is constrained by volatile revenue and weak cash-flow conversion despite a strong, low-leverage balance sheet.
Positive Factors
Conservative balance sheet / low leverage
A very low debt-to-equity ratio and a sizable equity base provide durable financial resilience for an investment trust. This structure reduces refinancing risk during market stress, preserves the ability to maintain distributions and allows managers to hold positions through Asia‑Pacific market cycles without forced sales.
Negative Factors
Very weak cash conversion
Earnings that fail to translate into cash undermine the trust's financial flexibility. Weak cash conversion and a steep drop in free cash flow reduce capacity to fund distributions, cover fees, or opportunistic investments without selling assets or increasing leverage, raising structural liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
A very low debt-to-equity ratio and a sizable equity base provide durable financial resilience for an investment trust. This structure reduces refinancing risk during market stress, preserves the ability to maintain distributions and allows managers to hold positions through Asia‑Pacific market cycles without forced sales.
Read all positive factors
Pacific Horizon Investment Trust PLC (PHI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend Yield0.2%
Average Volume (3M)164.26K
Price to Earnings (P/E)0.9
Beta (1Y)0.95
Revenue Growth205.28%
EPS Growth260.32%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)2.59
Shares Outstanding81,336,180
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 mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co. It invests in the public equity markets of the Asia Pacific region (excludi...
How the Company Makes Money
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Pacific Horizon Investment Trust PLC Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
35
Negative
| 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 | 218.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 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
769.00
Price Trends
919.06
Positive
861.48
Positive
783.24
Positive
Market Momentum
18.70
Negative
69.67
Neutral
94.52
Negative
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 769 is below the 20-day moving average (MA) of 910.65, below the 50-day MA of 919.06, and below the 200-day MA of 783.24, indicating a bullish trend. The MACD of 18.70 indicates Negative momentum. The RSI at 69.67 is Neutral, neither overbought nor oversold. The STOCH value of 94.52 is Negative, 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £8.99B | 11.95 | 12.35% | 5.37% | 12.45% | 28.89% | |
74 Outperform | £781.13M | 8.25 | 11.49% | 2.70% | 16.37% | 58.77% | |
73 Outperform | ― | 0.87 | 34.20% | 0.20% | 205.28% | 260.32% | |
72 Outperform | £1.38B | 4.19 | 14.60% | 9.91% | -21.74% | 58.92% | |
72 Outperform | £1.10B | 22.35 | 23.86% | 3.11% | 7.13% | -1.52% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £5.10B | 5.37 | 23.35% | 4.13% | 28.34% | 44.04% |
* Financial Sector Average
GB:PHI
Pacific Horizon Investment Trust PLC
1,002.00
443.11
79.28%
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206.40
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GB:SDR
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GB:IHP
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Pacific Horizon Investment Trust PLC Corporate Events
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock With New Share Buyback
Neutral
Apr 28, 2026
Pacific Horizon Investment Trust PLC has repurchased 130,000 ordinary shares at 1,002.53p each, with the shares held in treasury, increasing its total treasury holdings to 11,006,784 shares. Following this transaction, the number of shares in issu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Tightens Share Base with New Buyback
Positive
Apr 27, 2026
Pacific Horizon Investment Trust PLC has repurchased 138,003 ordinary shares at 1,011.73p each, with the shares to be held in treasury, bringing total treasury holdings to 10,876,784 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 After Share Buyback
Neutral
Apr 23, 2026
Pacific Horizon Investment Trust PLC has bought back 75,002 ordinary shares at 994.50p each and will hold them in treasury, increasing its treasury stock to 10,738,781 shares. Following this transaction, the number of shares in issue excluding tre...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock with Share Buyback
Positive
Apr 22, 2026
Pacific Horizon Investment Trust PLC announced it has repurchased 16,046 ordinary shares at 996.00p each, which will be held in treasury rather than cancelled. This move adjusts the balance between shares in issue and treasury stock, potentially s...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock After New Share Buyback
Positive
Apr 21, 2026
Pacific Horizon Investment Trust PLC has repurchased 110,080 of its own ordinary shares at 995.60p each, with the shares to be held in treasury rather than cancelled. This transaction forms part of the trust’s ongoing capital management and ...
Executive/Board Changes
Pacific Horizon Director Joins Board of BlackRock Smaller Companies Trust
Positive
Apr 17, 2026
Pacific Horizon Investment Trust PLC announced that director Angela Lane has been appointed a non-executive director of BlackRock Smaller Companies Trust plc. Her new role follows the completion of the combination between BlackRock Smaller Compani...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury
Neutral
Apr 16, 2026
Pacific Horizon Investment Trust PLC has bought back 134,159 ordinary shares at 981.32p per share, and these repurchased shares will be held in treasury rather than cancelled outright. This move forms part of the trust’s capital management, ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Increases Treasury Shares After Buyback
Neutral
Apr 14, 2026
Pacific Horizon Investment Trust PLC has repurchased 200,000 ordinary shares at 945.44p each and will hold these shares in treasury, increasing its total treasury holdings to 10,403,494 shares. As a result, the number of shares in issue excluding ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Count After Buyback
Positive
Apr 10, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 ordinary shares at 935.76p each and will hold them in treasury, bringing its treasury share balance to 10,203,494. Following this transaction, the number of shares in issue excluding trea...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back 100,000 Shares for Treasury
Neutral
Apr 8, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at 937.33p each, with the shares to be held in treasury rather than cancelled. The move adjusts the company’s capital structure and may support the share price by r...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adds to Treasury Stock in Share Buyback
Positive
Apr 2, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at 877.40p each, which will be held in treasury, increasing its treasury stock to 10,028,494 shares. Following this transaction, the number of shares in issue excluding t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury Holdings
Neutral
Apr 1, 2026
Pacific Horizon Investment Trust has repurchased 43,062 ordinary shares at 899.58 pence each, with the shares to be held in treasury rather than cancelled. This buyback forms part of the company’s capital management strategy and can influenc...
Regulatory Filings and Compliance
Pacific Horizon Updates Market on Voting Rights and Share Capital
Neutral
Apr 1, 2026
Pacific Horizon Investment Trust PLC has confirmed that its issued share capital comprises 92,074,961 ordinary shares, of which 9,885,432 are held in treasury, leaving 82,189,529 shares carrying voting rights as at 31 March 2026. The company highl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Tightens Share Base With New Buyback
Positive
Mar 30, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 ordinary shares at 860.60p each and will hold them in treasury, increasing its total treasury shares to 9,885,432. Following this transaction, the number of shares in issue excluding trea...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back 100,000 Shares for Treasury
Positive
Mar 27, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 of its ordinary shares at 868.85p each and will hold these shares in treasury, a move that can help manage its share price discount and enhance net asset value for continuing shareholder...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury, Updates Share Count
Neutral
Mar 25, 2026
Pacific Horizon Investment Trust PLC has repurchased 51,232 ordinary shares at 899.16p each, with the acquired shares to be held in treasury, reflecting ongoing active management of its share capital. Following this transaction, the company now ho...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back 75,000 Shares for Treasury
Neutral
Mar 20, 2026
Pacific Horizon Investment Trust PLC has bought back 75,000 ordinary shares at 896.20p each, with the shares to be held in treasury rather than cancelled. This move increases the trust’s treasury holdings to 9,659,200 shares and reduces the ...
Financial DisclosuresRegulatory Filings and Compliance
Pacific Horizon Files Interim Results with UK Regulator
Neutral
Mar 20, 2026
Pacific Horizon Investment Trust PLC has released its interim financial report for the six months ended 31 January 2026, providing an update on its performance and portfolio over the period. The report has been submitted to the U.K. National Stora...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock with Share Buyback
Positive
Mar 19, 2026
Pacific Horizon Investment Trust PLC has bought back 75,000 ordinary shares at 898.83p each and will hold these shares in treasury, increasing its total treasury holdings to 9,584,200 shares. Following this transaction, the number of shares in iss...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Tightens Free Float with New Share Buyback
Positive
Mar 18, 2026
Pacific Horizon Investment Trust PLC has repurchased 84,613 of its own ordinary shares at 924.62p per share, with the transaction resulting in these shares being held in treasury. Following this buyback, the company now holds 9,509,200 shares in t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Adds to Treasury Stock in Latest Share Buyback
Positive
Mar 12, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 ordinary shares at 911.71p each, with the shares to be held in treasury, increasing its total treasury holding to 9,424,587 shares. Following this transaction, the number of shares in iss...
Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and Financing
Pacific Horizon Trust Outperforms Asia Benchmark as Semis and Commodities Drive Surge
Positive
Mar 11, 2026
Pacific Horizon Investment Trust reported a strong first half to 31 January 2026, with net asset value total return per share of 36.6% and share price total return of 38.7%, both significantly ahead of the MSCI All Country Asia ex Japan Index. Per...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Buys Back Shares for Treasury Holdings
Neutral
Mar 6, 2026
Pacific Horizon Investment Trust PLC has repurchased 31,898 ordinary shares at 902.86p each, with the shares to be held in treasury rather than cancelled. This move forms part of the trust’s capital management strategy and can enhance net as...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Adjusts Share Capital Through Treasury Stock Buyback
Neutral
Mar 3, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 of its own ordinary shares at 922.15 pence per share, with the shares being placed into treasury rather than cancelled. This transaction forms part of the company’s capital manageme...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock With Share Buyback
Positive
Mar 2, 2026
Pacific Horizon Investment Trust PLC has repurchased 70,000 ordinary shares at 964.65 pence each, with the shares to be held in treasury rather than cancelled. This move increases the company’s treasury stock to 9,242,689 shares, reducing th...
Regulatory Filings and Compliance
Pacific Horizon Updates Share Capital and Voting Rights Figure
Neutral
Mar 2, 2026
Pacific Horizon Investment Trust PLC has confirmed that its issued share capital consists of 92,074,961 ordinary shares, of which 9,172,689 are held in treasury, leaving 82,902,272 shares carrying voting rights as of 28 February 2026. This updated...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock with Latest Share Buyback
Positive
Feb 12, 2026
Pacific Horizon Investment Trust PLC has repurchased 60,003 ordinary shares at 910.86p each, with the shares to be held in treasury, as part of its capital management activities. Following this transaction, the company now holds 9,172,689 shares i...
Financial DisclosuresRegulatory Filings and Compliance
Pacific Horizon Confirms Full Disclosure Ahead of Interim Results
Positive
Feb 2, 2026
Pacific Horizon Investment Trust PLC has confirmed that its directors are satisfied all inside information relating to the company’s results for the six months ended 31 January 2026 has already been disclosed through a regulated information ...
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.