Pacific Horizon Investment Trust PLC (PHI) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 0.2%
• Average Volume (3M): 164.26K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.94
• Revenue Growth: 14.72%
• EPS Growth: 63.73%
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): N/A
• Shares Outstanding: 82,902,275
• 10 Day Avg. Volume: 144,946
• 30 Day Avg. Volume: 164,261
• PEG Ratio: 0.21
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 11.89
• P/FCF Ratio: 548.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: 1,051.00p ▲(36.67% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily held back by uneven fundamentals—especially weak cash conversion and volatile results—despite a strong balance sheet and a clear profitability rebound. Technicals are supportive with an established uptrend, while valuation looks fair but offers little dividend support; corporate updates are constructive overall but accompanied by elevated risk disclosures.

Positive Factors

Balance sheet strength

A conservatively levered balance sheet with very low debt-to-equity provides durable financial flexibility for a closed‑ended investment trust. It supports the ability to hold depreciated positions through cycles, fund tactical gearing if needed, and lowers refinancing and solvency risks over the medium term.

Profitability rebound & ROE

A clear return to positive profitability and an improved ROE indicate the portfolio and management actions regained traction after prior losses. Sustained profitability increases the trust's capacity to compound NAV, fund potential payouts, and demonstrates an operational recovery that matters over multiple quarters.

Specialist regional mandate

The focused Asia‑Pacific (ex‑Japan) mandate gives the trust structural differentiation and specialist expertise, allowing concentrated active management and thematic exposure to secular growth markets. Closed‑ended structure enables patient capital deployment and long‑term positioning without forced redemptions.

Negative Factors

Weak cash generation

Very poor cash conversion means reported profits are not translating into durable cash inflows. Over months this limits the trust’s ability to fund distributions, pay expenses from operating receipts, or withstand market stress without realizing assets or using external finance, raising structural liquidity risk.

Revenue / results volatility

Large swings in revenue and earnings demonstrate sensitivity to market cycles and portfolio valuation moves. Persistent volatility undermines predictability of NAV growth and distribution potential, making multi‑month performance reliant on market timing and increasing the trust’s outcome dispersion.

Elevated risk disclosures & discount concerns

Management's own disclosures of rising macro and geopolitical risk and discount‑widening create a structural headwind: prolonged NAV discounts and higher volatility can limit access to capital, constrain buyback effectiveness, and weigh on long‑term shareholder returns and confidence.

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 (excluding Japan) and of the Indian Sub-continent. The fund seeks to invest in stocks of companies across diversified sectors. It primarily invests in growth stocks of companies across all market capitalizations. The fund focuses on securities which can grow their earnings and cash flows faster than the average while creating its portfolio. It is actively managed. The fund benchmarks the performance of its portfolio against the MSCI All Country Far East ex Japan Index (in sterling terms). It was formerly known as Baillie Gifford Pacific Horizon Investment Trust. Pacific Horizon Investment Trust PLC was formed on February 1, 1989 and is domiciled in the United Kingdom.

How the Company Makes Money

Pacific Horizon Investment Trust PLC generates revenue primarily through the appreciation of its investment portfolio. The company invests in a diversified range of securities, including equities and related instruments, in the Asia-Pacific region, excluding Japan, and the Indian Subcontinent. The trust makes money by realizing capital gains on its investments, earning dividends from the companies it holds shares in, and managing its portfolio to outperform market benchmarks. Additionally, as an investment trust, PHI may also generate revenue by issuing new shares or taking on leverage to enhance returns. The performance of the trust's investments is influenced by factors such as market conditions, economic trends, and the strategic decisions made by its management team.

Pacific Horizon Investment Trust PLC Financial Statement Overview

Summary

Profitability rebounded strongly in 2024–2025 and the balance sheet is conservatively levered, but results are volatile (notably revenue) and cash conversion is weak, with operating cash flow covering only a small portion of net income and free cash flow down sharply in 2025.

Income Statement

Profitability is strong in the most recent annual period (2025) with very high operating and net margins and solid earnings generation, following a return to profitability in 2024 after losses in 2022–2023. The main weakness is volatility: revenue swung from large positives (2020–2021) to negative (2022–2023) and back to positive, and 2025 revenue fell sharply versus 2024 (down ~41%), highlighting earnings sensitivity and less stable top-line trajectory.

Balance Sheet

The balance sheet is conservatively positioned with low leverage versus equity in 2025 (debt-to-equity ~0.06) and a large equity base (~£613m) supporting assets (~£656m). Returns on equity improved to ~7% in 2025 from ~4% in 2024 and negative in 2022–2023, but remain well below the peak levels seen in 2020–2021, suggesting improved stability but not yet a consistently high-return profile.

Cash Flow

Cash generation is the weakest area: operating cash flow was modestly positive in 2025 (~£1.1m) after being negative in 2024, and free cash flow declined materially (down ~66% in 2025). A key concern is weak cash conversion versus reported profit in 2025 (operating cash flow covers only ~3% of net income), indicating earnings are not consistently translating into cash and results can be lumpy year to year.

Breakdown	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	48.67M	42.42M	-20.44M	-111.03M	208.33M
Gross Profit	48.67M	38.45M	-24.18M	-115.06M	204.85M
EBITDA	0.00	0.00	0.00	0.00	0.00
Net Income	43.55M	26.91M	-23.29M	-108.18M	199.17M
Balance Sheet
Total Assets	656.39M	611.17M	585.61M	615.19M	758.27M
Cash, Cash Equivalents and Short-Term Investments	3.82M	4.21M	12.44M	5.40M	31.77M
Total Debt	35.78M	52.00K	52.00K	52.00K	60.78M
Total Liabilities	43.04M	9.20M	52.00K	4.64M	71.04M
Stockholders Equity	613.36M	601.97M	580.36M	610.55M	687.23M
Cash Flow
Free Cash Flow	1.06M	-3.16M	4.45M	2.52M	396.00K
Operating Cash Flow	1.06M	-3.16M	4.45M	2.52M	396.00K
Investing Cash Flow	-5.74M	332.00K	10.30M	-901.00K	-200.59M
Financing Cash Flow	4.88M	-5.30M	-6.91M	-32.08M	221.17M

Pacific Horizon Investment Trust PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 769.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 922.55, below the 50-day MA of 864.26, and above the 200-day MA of 730.81, indicating a bullish trend. The MACD of 31.02 indicates Negative momentum. The RSI at 84.82 is Negative, neither overbought nor oversold. The STOCH value of 83.30 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDR	76 Outperform	£9.09B	17.21	8.30%	5.37%	4.78%	-4.86%
JUP	73 Outperform	£958.29M	9.78	7.11%	2.70%	-4.38%	―
ASHM	72 Outperform	£1.57B	13.77	9.75%	9.91%	-28.89%	-12.14%
IHP	72 Outperform	£1.05B	20.48	23.68%	3.11%	7.13%	-1.52%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ICG	67 Neutral	£4.74B	8.07	24.36%	4.13%	28.34%	44.04%
PHI	65 Neutral	―	20.06	7.17%	0.20%	14.72%	63.73%

Pacific Horizon Investment Trust PLC Corporate Events

Pacific Horizon Boosts Treasury Stock with Latest Share Buyback

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 in treasury, leaving 82,902,272 shares in issue, a figure shareholders should use when assessing disclosure obligations under FCA transparency rules.

The buyback slightly reduces the free float and can be seen as a move to support the share price and enhance net asset value per share for remaining investors. The updated share capital structure also clarifies the denominator for regulatory reporting of significant shareholdings, helping maintain transparency for market participants and regulators.

The most recent analyst rating on (GB:PHI) stock is a Hold with a £965.00 price target. To see the full list of analyst forecasts on Pacific Horizon Investment Trust PLC stock, see the GB:PHI Stock Forecast page.

Pacific Horizon Confirms Full Disclosure Ahead of Interim Results

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 service. The closed period confirmation underscores the trust’s compliance with market disclosure rules ahead of its forthcoming interim results, providing assurance to investors and regulators that no unpublished price-sensitive information is being withheld.

The most recent analyst rating on (GB:PHI) stock is a Hold with a £964.00 price target. To see the full list of analyst forecasts on Pacific Horizon Investment Trust PLC stock, see the GB:PHI Stock Forecast page.

Pacific Horizon Investment Trust Updates Voting Rights Structure

Pacific Horizon Investment Trust PLC has announced its current capital structure, consisting of 92,074,961 ordinary shares, with 9,112,686 held in treasury, resulting in 82,962,275 voting rights as of November 30, 2025. This update is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules, impacting their investment decisions and engagement with the trust.