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1. Company Snapshot

1.a. Company Description

RIT Capital Partners plc is a self-managed investment trust.The firm invests in the public equity and currency markets across the globe.It also invests in private investments and equity funds.


The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling).It employs a top-down approach to make its investments.The firm makes its investments in companies operating across diversified sectors.


RIT Capital Partners plc was founded on August 1, 1988 and is based in London, United Kingdom.

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1.b. Last Insights on RCP

RIT Capital Partners' recent performance was positively driven by several factors. The company's significant holdings in various stocks, including Microsoft Corporation (13.21% of its portfolio), Amazon.com, Inc. (9.22%), and RenaissanceRe Holdings Ltd. (6.03%), have likely contributed to its growth. Recent upgrades and reiterated "Buy" ratings from analysts have also boosted sentiment. For instance, Evercore ISI upgraded RenaissanceRe Holdings from "Underperform" to "In Line" with a $244 price target. Additionally, Seaport Global Securities upgraded Smurfit Westrock Plc from "Neutral" to "Buy" with a $52 price target.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Cybercriminals Allegedly Steal Nearly a Billion Records from Companies That Use Salesforce (CRM)’s Software

Oct -15

Source:

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Analysts at UBS Reiterate Their “Buy” Rating on International Paper Company (IP) with $60 Price Target

Oct -15

Source:

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BMO Capital Reiterates Its “Outperform” Rating on Microsoft Corporation (MSFT) with $650 PT

Oct -15

Source:

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Goldman Sachs Initiates Coverage of Golar LNG Limited (GLNG) with “Buy” Rating and $54 PT

Oct -15

Source:

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GoDaddy Inc. (GDDY) Launches Trusted Identity Naming System for AI Agents

Oct -15

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Seaport Global Securities Upgrades Smurfit Westrock Plc (SW) from “Neutral” to “Buy,” Sets $52 PT

Oct -15

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Wells Fargo Begins Coverage of Atlassian Corporation (TEAM) with “Overweight” Rating and $216 PT

Oct -15

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Amazon.com (AMZN) Restarts Drone Deliveries After Brief Halt, Authorities Investigating Recent Incident

Oct -15

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.47%)

6. Segments

RIT

Expected Growth: 10.3%

RIT Capital Partners' diversified investment portfolio, strong track record of long-term capital growth, and experienced management team led by Lord Rothschild are expected to drive growth, with a focus on quality stocks and a disciplined investment approach.

Adjustments

Expected Growth: 5.2%

RIT Capital Partners plc's adjustments reflect the company's strategic investments and transactions, driving growth. The company's diversified portfolio and active management approach are key drivers, with a focus on long-term value creation.

J. Rothschild Capital Management Limited

Expected Growth: 5.5%

RIT Capital Partners' diversified investment portfolio, led by Jacob Rothschild's expertise, drives growth. Strong performance in quoted securities and private assets, coupled with strategic investments, fuels expansion.

Spencer House Limited

Expected Growth: 7.3%

Spencer House Limited's focus on long-term capital growth through investments in quoted and unquoted companies, driven by RIT Capital Partners plc's expertise in value investing and strategic portfolio management, is expected to drive growth.

7. Detailed Products

Equity Investments

RIT Capital Partners plc invests in a diversified portfolio of equities across various sectors and geographies, aiming to generate long-term capital growth.

Fixed Income Investments

The company invests in a range of fixed income securities, including government bonds, corporate bonds, and other debt instruments, to generate regular income.

Alternative Investments

RIT Capital Partners plc invests in alternative assets, such as private equity, real estate, and hedge funds, to provide diversification and potentially higher returns.

Multi-Asset Portfolios

The company offers multi-asset portfolios that combine different asset classes, such as equities, fixed income, and alternatives, to provide a balanced investment approach.

Wealth Management Services

RIT Capital Partners plc provides wealth management services, including investment advice, portfolio management, and estate planning, to high net worth individuals and families.

8. RIT Capital Partners plc's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for RIT Capital Partners plc is medium due to the presence of alternative investment options for clients.

Bargaining Power Of Customers

The bargaining power of customers for RIT Capital Partners plc is low due to the company's strong brand reputation and diversified client base.

Bargaining Power Of Suppliers

The bargaining power of suppliers for RIT Capital Partners plc is medium due to the company's dependence on a few key suppliers for its operations.

Threat Of New Entrants

The threat of new entrants for RIT Capital Partners plc is high due to the low barriers to entry in the investment management industry.

Intensity Of Rivalry

The intensity of rivalry for RIT Capital Partners plc is high due to the highly competitive nature of the investment management industry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 10.67%
Debt Cost 6.04%
Equity Weight 89.33%
Equity Cost 6.04%
WACC 6.04%
Leverage 11.94%

11. Quality Control: RIT Capital Partners plc passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Julius Bär

A-Score: 6.4/10

Value: 6.4

Growth: 6.4

Quality: 6.0

Yield: 8.1

Momentum: 5.0

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
Schroders

A-Score: 6.3/10

Value: 6.8

Growth: 3.1

Quality: 6.6

Yield: 8.1

Momentum: 5.5

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
RIT Capital Partners

A-Score: 6.2/10

Value: 5.0

Growth: 3.8

Quality: 8.6

Yield: 3.1

Momentum: 7.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
Wendel

A-Score: 6.0/10

Value: 7.7

Growth: 3.9

Quality: 5.9

Yield: 6.9

Momentum: 3.0

Volatility: 8.3

1-Year Total Return ->

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Stock-Card
L E Lundbergföretagen

A-Score: 4.7/10

Value: 3.7

Growth: 4.1

Quality: 6.2

Yield: 1.2

Momentum: 3.0

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
Bure Equity

A-Score: 3.5/10

Value: 5.4

Growth: 3.0

Quality: 4.6

Yield: 0.6

Momentum: 1.5

Volatility: 6.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

22.35$

Current Price

22.35$

Potential

-0.00%

Expected Cash-Flows