Seraphim Space Investment Trust Plc (GB:SSIT)
LSE:SSIT
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Seraphim Space Investment Trust Plc
(LSE:SSIT)
Select Model
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Rating:49Neutral
Price Target:
206.00 p
▲(83.11% Upside)
Action:Reiterated
Date:06/04/26
The score is held back primarily by consistently negative operating cash flow and volatile, valuation-driven earnings quality, despite the support of a conservative, zero-debt balance sheet. Technically, the stock shows weak near-term momentum (below key short-term moving averages), while a low P/E provides only partial offset.
Positive Factors
Zero-debt balance sheet
A zero-debt, equity-heavy balance sheet provides durable resilience through down cycles, reducing liquidity and refinancing risk. For an investment trust in a volatile sector, low leverage preserves optionality to hold positions through illiquid periods and supports capital stability.
Negative Factors
Consistently negative operating cash flow
Persistent negative operating cash flow erodes the trust’s self-funding ability and increases reliance on asset realizations or external financing to cover fees and expenses. Over several quarters this can strain liquidity and constrains the capacity to support portfolio companies or opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero-debt balance sheet
A zero-debt, equity-heavy balance sheet provides durable resilience through down cycles, reducing liquidity and refinancing risk. For an investment trust in a volatile sector, low leverage preserves optionality to hold positions through illiquid periods and supports capital stability.
Read all positive factors
Seraphim Space Investment Trust Plc (SSIT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£463.01M
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)8.7
Beta (1Y)1.62
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 Ratio-57.31
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 focuses its investments across the entire spectrum of company growth within the space technology sector. This includes backing enterprises from their initial incubation and mid-to-late-stage venture rounds, thro...
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 | -3.54M | -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
Neutral
112.50
Price Trends
212.77
Negative
176.91
Positive
133.30
Positive
Market Momentum
-7.34
Positive
42.72
Neutral
43.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SSIT, the sentiment is Neutral. The current price of 112.5 is below the 20-day moving average (MA) of 222.83, below the 50-day MA of 212.77, and below the 200-day MA of 133.30, indicating a neutral trend. The MACD of -7.34 indicates Positive momentum. The RSI at 42.72 is Neutral, neither overbought nor oversold. The STOCH value of 43.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | £1.06B | 9.76 | 8.81% | ― | 11.00% | ― | |
61 Neutral | £587.48M | 8.76 | 7.16% | ― | -35.12% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | £857.85M | -103.11 | 5.07% | 2.47% | -88.06% | -107.88% | |
49 Neutral | £463.01M | 8.74 | 20.81% | ― | ― | ― | |
48 Neutral | £7.00M | -17.98 | -1.72% | ― | -229.71% | -102.63% | |
43 Neutral | £4.04M | -4.42 | -140.34% | ― | ― | 89.03% |
* General Sector Average
GB:SSIT
Seraphim Space Investment Trust Plc
195.20
121.60
165.22%
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GB:ICGT
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3.95%
Seraphim Space Investment Trust Plc Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Set for Major NAV Boost as ICEYE Hits €10bn Valuation
Positive
Jun 9, 2026
Seraphim Space Investment Trust said its largest portfolio holding, ICEYE, has secured commitments for a €450 million Series F primary financing round led by General Atlantic, valuing the Finnish sovereign-intelligence-from-space specialist ...
Business Operations and StrategyDelistings and Listing Changes
Seraphim Space Investment Trust to Join FTSE 250 as SpaceTech Gains Ground
Positive
Jun 8, 2026
Seraphim Space Investment Trust plc will join the FTSE 250 Index from 19 June 2026 following the FTSE UK Indices Annual Review. The move underscores the company’s growth since its 2021 IPO, including increased portfolio value, rising investo...
Other
Seraphim Space Chair Increases Stake with Share Purchase
Positive
Jun 5, 2026
Seraphim Space Investment Trust Plc, a specialist investor in space-focused companies, disclosed that its chair, Will Whitehorn, has purchased additional ordinary shares in the company. The transaction involved the acquisition of 8,000 shares on t...
Other
Seraphim Space Chair Boosts Stake With Share Purchase on LSE
Positive
Jun 5, 2026
Seraphim Space Investment Trust Plc disclosed that its chair, William Whitehorn, has purchased 5,000 C shares in the company at a price of £0.983 per share on 4 June 2026. The transaction, carried out on the London Stock Exchange’s Main...
Business Operations and StrategyPrivate Placements and Financing
Seraphim Space raises £137m as SpaceTech portfolio gains momentum
Positive
Jun 5, 2026
Seraphim Space Investment Trust has raised £137m through the issue of C shares on the London Stock Exchange, marking the largest UK investment company fundraising since early 2023 and underscoring strong institutional and retail appetite for ...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Seraphim Space lifts NAV as space portfolio gains and HawkEye 360 IPO boost valuations
Positive
Jun 3, 2026
Seraphim Space Investment Trust reported a 24.8% jump in net asset value to £421.3m for the quarter to 31 March 2026, with portfolio valuation rising 30.7% to £433.3m on strong gains from core holdings such as ICEYE, Xona Space Systems, ...
Regulatory Filings and Compliance
Seraphim Space Investment Trust Confirms Total Voting Rights at 373.7 Million
Neutral
Jun 1, 2026
Seraphim Space Investment Trust plc, the listed SpaceTech-focused investment fund on the London Stock Exchange, backs early and growth-stage private space technology companies positioned to lead globally in climate, communications, mobility and cy...
Business Operations and StrategyFinancial Disclosures
Seraphim Space Investment Trust Sets Date for Q3 Results and Investor Webinars
Neutral
May 22, 2026
Seraphim Space Investment Trust plc, the world’s first listed SpaceTech investment company, focuses on early and growth-stage private space technology firms positioned to lead globally in climate, communications, mobility and cyber security....
Other
Seraphim Space Chair Buys Additional Shares in Investment Trust
Positive
May 15, 2026
Seraphim Space Investment Trust Plc disclosed that its chair, William Whitehorn, purchased 10,000 C shares at £1.00 each on 15 May 2026 on the London Stock Exchange’s Main Market. The director’s dealing signals personal confidence...
Other
Seraphim Space Director Increases Stake with £30,000 Share Purchase
Positive
May 14, 2026
Seraphim Space Investment Trust Plc has disclosed a director dealing, reporting that board member Sue Inglis purchased 30,000 C shares at £1.00 each in the company on 12 May 2026. The transaction, carried out on the London Stock Exchange̵...
Other
Seraphim Space Director Buys Shares, Signalling Confidence in Space-Focused Trust
Positive
May 14, 2026
Seraphim Space Investment Trust plc disclosed that board director Christina McComb purchased 20,000 C shares at £1.00 each on 12 May 2026. The transaction, executed on the London Stock Exchange’s Main Market, signals insider confidence ...
Other
Seraphim Space Director Increases Stake With £25,000 Share Purchase
Positive
May 14, 2026
Seraphim Space Investment Trust Plc reported that director Angela Lane purchased 25,000 C shares at £1.00 each on 12 May 2026. The transaction, executed on the London Stock Exchange’s Main Market, increases Lane’s personal stake i...
Regulatory Filings and Compliance
Seraphim Space Chair Increases Stake with £30,000 Share Purchase
Positive
May 14, 2026
Seraphim Space Investment Trust Plc reported that its chair, William Whitehorn, has purchased 30,000 C shares of the company at a price of £1.00 per share. The transaction, valued at £30,000 in total, was executed on 12 May 2026 on the L...
Business Operations and StrategyPrivate Placements and Financing
Seraphim Space raises £137m in C Share issue to boost SpaceTech portfolio
Positive
May 8, 2026
Seraphim Space Investment Trust has raised approximately £137 million through an issue of 136.5 million C Shares at 100 pence each, marking the largest fundraising by a UK investment company since 2023. The capital was secured via a placing, ...
Business Operations and StrategyPrivate Placements and Financing
Seraphim Space Investment Trust Launches C Share Equity Raise to Expand SpaceTech Portfolio
Positive
May 7, 2026
Seraphim Space Investment Trust plc has launched an equity raise comprising a placing and a retail offer of new C shares at 100p, following shareholder approval sought at a recent general meeting. The C shares will form a separate class during the...
Delistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Seraphim Space Gains Valuation Uplift as HawkEye 360 Prices $2.84bn NYSE IPO
Positive
May 7, 2026
Seraphim Space Investment Trust has highlighted the successful IPO pricing of its portfolio company HawkEye 360, a U.S. space‑enabled defence technology firm that provides secure, end‑to‑end signals intelligence solutions to the ...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Seraphim Space Investors Back New C Share Authority and Revised Articles
Positive
May 6, 2026
Seraphim Space Investment Trust Plc reported that shareholders approved all three resolutions at its General Meeting held on 6 May 2026, with strong majorities in favour on each poll. The resolutions grant the company authority to allot and issue ...
Business Operations and StrategyM&A Transactions
Seraphim Space Trust rides record space investment wave as portfolio companies advance and sector IPOs loom
Positive
May 5, 2026
Seraphim Space Investment Trust’s April update highlights strong momentum across its portfolio, including HawkEye 360’s planned New York IPO at a target valuation of $2.4bn, York Space Systems’ $355m agreement to acquire terminal...
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...
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.