Seraphim Space Investment Trust Plc (GB:SSIT)
LSE:SSIT
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Seraphim Space Investment Trust Plc
(LSE:SSIT)
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Rating:60Neutral
Price Target:
198.00 p
▲(76.00% Upside)
Action:ReiteratedDate:04/23/26
The score is held back primarily by weak cash-flow quality and highly volatile, valuation-driven earnings despite a very strong (debt-free) balance sheet. Technicals are supportive with a clear uptrend and positive momentum, but valuation inputs are not supportive based on the provided P/E and missing dividend yield.
Positive Factors
Balance Sheet Strength
The trust’s zero-debt capital structure and sizable equity base provide durable resilience versus leveraged peers. Low leverage lowers insolvency and margin-call risk, preserving optionality to hold positions through cycles and reducing the need for fire-sales in downturns.
Negative Factors
Weak Cash Generation
Persistent negative operating cash flow and multi-year negative free cash flow signal earnings are not converting to cash. This constrains the trust’s capacity to self-fund expenses or follow-on investments and may force asset disposals or capital raises in stressed periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The trust’s zero-debt capital structure and sizable equity base provide durable resilience versus leveraged peers. Low leverage lowers insolvency and margin-call risk, preserving optionality to hold positions through cycles and reducing the need for fire-sales in downturns.
Read all positive factors
Seraphim Space Investment Trust Plc (SSIT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.03
Shares Outstanding237,198,580
10 Day Avg. Volume1,047,316
30 Day Avg. Volume1,364,838
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.72
Price to Sales (P/S)74.37
P/FCF Ratio0.00
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
Seraphim Space Investment Trust Plc Business Overview & Revenue Model
Company Description
Seraphim Space Investment Trust Plc specializes in incubation, mid venture, late venture, later stage, PIPEs, and industry consolidation. It seeks to invest in space technology. The fund invests between $0.25 million to $25 million. Seraphim Space...
How the Company Makes Money
SSIT does not generate revenue by selling goods or services; it is an investment trust and primarily seeks returns for shareholders through investment gains. Its economics are driven by (1) changes in the value of its investment portfolio (unreali...
Seraphim Space Investment Trust Plc Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -1.42M | 2.73M | 8.21M | -1.96M | 5.00M |
| Gross Profit | -4.54M | -450.00K | 5.09M | -5.09M | 2.04M |
| EBITDA | 6.15M | 52.09M | 6.15M | -17.18M | 3.29M |
| Net Income | 6.73M | 52.98M | 6.73M | -16.92M | 3.37M |
Balance Sheet | |||||
| Total Assets | 228.58M | 281.43M | 228.58M | 222.82M | 243.85M |
| Cash, Cash Equivalents and Short-Term Investments | 26.98M | 21.51M | 26.98M | 35.31M | 57.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 444.00K | 311.00K | 444.00K | 428.00K | 4.54M |
| Stockholders Equity | 228.14M | 281.12M | 228.14M | 222.40M | 239.32M |
Cash Flow | |||||
| Free Cash Flow | -3.79M | 0.00 | -3.79M | -4.12M | -4.10M |
| Operating Cash Flow | -3.79M | -3.54M | -3.79M | -4.12M | -4.10M |
| Investing Cash Flow | -3.62M | -1.74M | -3.62M | -17.99M | -84.81M |
| Financing Cash Flow | -987.00K | 0.00 | -987.00K | 237.00K | 146.56M |
Seraphim Space Investment Trust Plc Technical Analysis
Positive
112.50
Price Trends
151.52
Positive
131.73
Positive
105.54
Positive
Market Momentum
10.83
Negative
62.23
Neutral
53.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SSIT, the sentiment is Positive. The current price of 112.5 is below the 20-day moving average (MA) of 162.72, below the 50-day MA of 151.52, and above the 200-day MA of 105.54, indicating a bullish trend. The MACD of 10.83 indicates Negative momentum. The RSI at 62.23 is Neutral, neither overbought nor oversold. The STOCH value of 53.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SSIT.
Seraphim Space Investment Trust Plc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | £840.41M | -13.06 | 5.07% | 2.47% | 66.53% | 100.92% | |
63 Neutral | £943.80M | 2.30 | 8.81% | ― | 11.00% | ― | |
61 Neutral | £546.84M | 8.09 | 7.16% | ― | -35.12% | ― | |
60 Neutral | ― | ― | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | £5.35M | -7.39 | -140.34% | ― | ― | 89.03% | |
48 Neutral | £9.05M | -1.02 | -1.72% | ― | -229.71% | -102.63% |
* General Sector Average
GB:SSIT
Seraphim Space Investment Trust Plc
189.00
137.00
263.46%
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GB:PNIX
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GB:ICGT
ICG Enterprise Trust PLC GBP
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19.71%
Seraphim Space Investment Trust Plc Corporate Events
Business Operations and Strategy
Seraphim Space Schedules Live Investor Presentation for May 5
Positive
May 1, 2026
Seraphim Space Investment Trust plc will host a live investor presentation on 5 May 2026, led by Chief Investment Officer James Bruegger of Seraphim Space Manager LLP, via the Investor Meet Company platform. The event, open to both existing and po...
Business Operations and StrategyM&A Transactions
Seraphim Space Notes York Space Systems’ Deal to Acquire Key Portfolio Company ALL.SPACE
Positive
Apr 30, 2026
Seraphim Space Investment Trust said its portfolio company ALL.SPACE Limited is set to be acquired by U.S.-based York Space Systems, a national defence and commercial prime that provides mission-critical space solutions. The transaction, which wil...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Trust plans £350m C-share issue after NAV surge
Positive
Apr 30, 2026
Seraphim Space Investment Trust has reported strong net asset value growth, driven by higher valuations in its core holdings and improving operational performance across its portfolio. Management argues that the trust is well positioned as demand ...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
HawkEye 360 IPO Filing Promises NAV Uplift for Seraphim Space Investment Trust
Positive
Apr 28, 2026
Seraphim Space Investment Trust said portfolio company HawkEye 360 has filed an amended registration statement with the U.S. Securities and Exchange Commission for a proposed New York Stock Exchange IPO under the ticker HAWK, targeting a post-mone...
Business Operations and StrategyPrivate Placements and Financing
Seraphim Space Investment Trust Launches UK Retail Offer of C Shares
Positive
Apr 27, 2026
Seraphim Space Investment Trust has launched a conditional retail offer of new C Shares at £1.00 per share via the RetailBook platform, alongside a separate institutional placing. The offer, open to eligible UK investors with a minimum subscr...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Seraphim Space Investment Trust launches C share equity raise to expand SpaceTech portfolio
Positive
Apr 27, 2026
Seraphim Space Investment Trust has launched an equity raise via a placing and retail offer of new C shares at 100p, subject to shareholder approval at a general meeting on 6 May 2026. The C shares will form a separate class to limit cash drag dur...
Executive/Board Changes
Seraphim Director Angela Lane Joins BlackRock Smaller Companies Trust Board
Positive
Apr 17, 2026
Seraphim Space Investment Trust plc, the world’s first listed SpaceTech-focused fund, targets early and growth stage private companies positioned to become global leaders in climate, communications, mobility and cyber security applications. ...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Seraphim Space Trust Seeks Approval for C Share Fundraise to Expand SpaceTech Portfolio
Positive
Apr 16, 2026
Seraphim Space Investment Trust has published a circular and called a 6 May general meeting to seek shareholder approval for issuing up to 350 million C shares and adopting revised articles of association. The specialist SpaceTech investor says it...
Business Operations and StrategyPrivate Placements and Financing
Seraphim Space Investment Trust Eyes C Share Fundraise to Tap SpaceTech Tailwinds
Positive
Apr 13, 2026
Seraphim Space Investment Trust plans to raise new capital through an issue of C shares, open to both institutional and retail investors, to capitalise on a strong performance record and a robust pipeline of SpaceTech opportunities. The proposed s...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Trust Highlights Strong Portfolio Momentum as SpaceTech Matures into Critical Infrastructure
Positive
Apr 9, 2026
Seraphim Space Investment Trust reported a strong month across its SpaceTech portfolio, highlighted by ICEYE surpassing €250 million in 2025 revenue with over €100 million in EBITDA and a €1.5 billion order backlog, underlining s...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space boosts NAV after major revaluation of Xona stake
Positive
Mar 26, 2026
Seraphim Space Investment Trust has sharply marked up the value of its holding in Xona Space Systems after the U.S. start-up closed an oversubscribed US$170 million Series C round, triggering a 167% increase in the fair value of SSIT’s stake...
Business Operations and Strategy
Seraphim Space’s Boggett to Feature on QuotedData Investor Webinar
Positive
Mar 12, 2026
Seraphim Space Investment Trust will be in the spotlight on QuotedData’s weekly “In The Hot Seat” show on 13 March 2026, when fund manager Mark Boggett is interviewed alongside a review of recent developments in the investment co...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Investment Trust lifts NAV as SpaceTech portfolio secures major defence and funding wins
Positive
Mar 5, 2026
Seraphim Space Investment Trust reported a strong first half to 31 December 2025, with net asset value rising 20.1% to £337.5m and portfolio valuation up 27.6% to £331.6m, helped by major uplifts in core holdings and a narrowing share pr...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Seraphim Space Fund Tops $100m as Portfolio and Sector Deals Accelerate
Positive
Mar 4, 2026
Seraphim Space Investment Trust’s February newsletter highlights strong funding momentum across its portfolio, with Tomorrow.io securing $175m at a unicorn valuation to accelerate its AI-native weather satellite network and SatVu raising ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Trust lifts portfolio valuations on major contract wins and funding rounds
Positive
Feb 16, 2026
Seraphim Space Investment Trust reported sharp valuation gains across its four largest SpaceTech holdings as of 31 December 2025, driven by major funding rounds and contract wins that underline their leadership in key orbital and data segments. Th...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Seraphim Space Portfolio Gains Momentum as Space Investment Cycle Rebounds
Positive
Feb 9, 2026
Seraphim Space Investment Trust’s January 2026 update highlights strong operational and funding momentum across its portfolio, with companies such as ICEYE, LeoLabs, D-Orbit, Voyager Technologies, Xona, Tomorrow.io, Pixxel and Astroscale sec...
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.