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Pacific Horizon Investment Trust PLC
(LSE:PHI)
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Rating:74Outperform
Price Target:
1,263.00 p
â–˛(14.40% Upside)
Action:Upgraded
Date:10/01/26
The score is driven primarily by solid financial strength overall and very attractive valuation (low P/E and high dividend yield). Technicals are supportive with price above major moving averages and neutral-to-positive momentum, while the main constraint is weak and inconsistent cash flow conversion and historically volatile results.
Positive Factors
Strong balance sheet
The sizable equity base and low overall leverage provide financial resilience for the trust. This structure limits balance-sheet pressure, preserves flexibility around portfolio management and capital allocation, and gives shareholders a stronger foundation through changing investment conditions.
Negative Factors
Highly volatile results
The sharp swings from losses to very high profits indicate that reported results depend substantially on investment-market outcomes. Such volatility reduces confidence that recent earnings can persist and makes NAV and shareholder returns more difficult to forecast over multiple periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
The sizable equity base and low overall leverage provide financial resilience for the trust. This structure limits balance-sheet pressure, preserves flexibility around portfolio management and capital allocation, and gives shareholders a stronger foundation through changing investment conditions.
Read all positive factors
Pacific Horizon Investment Trust PLC (PHI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ868.39M
Dividend Yield0.13%
Average Volume (3M)131.08K
Price to Earnings (P/E)3.9
Beta (1Y)0.69
Revenue Growth700.31%
EPS Growth859.82%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)4.60
Shares Outstanding76,985,160
10 Day Avg. Volume118,412
30 Day Avg. Volume131,082
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.17
Price to Sales (P/S)3.55
P/FCF Ratio-262.15
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 investment trust, actively managed by Baillie Gifford & Co Ltd. The trust primarily focuses on investing in publicly traded companies across the Asia Pacific region (excluding Japan) an...
How the Company Makes Money
PHI does not generate operating revenue from selling products or services; instead, it makes money for shareholders through investment returns on its portfolio. The trust’s performance is driven primarily by (1) capital appreciation: increases in ...
Pacific Horizon Investment Trust PLC Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
48
Neutral
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 389.52M | 48.67M | 42.42M | -20.44M | -111.03M |
| Gross Profit | 389.52M | 48.67M | 38.45M | -24.18M | -115.06M |
| EBITDA | 0.00 | 44.22M | 38.14M | 0.00 | 0.00 |
| Net Income | 380.00M | 43.55M | 26.91M | -23.29M | -108.18M |
Balance Sheet | |||||
| Total Assets | 958.56M | 656.39M | 611.17M | 585.61M | 615.19M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 3.82M | 4.21M | 12.44M | 5.40M |
| Total Debt | 37.04M | 35.78M | 52.00K | 52.00K | 52.00K |
| Total Liabilities | 40.04M | 43.04M | 9.20M | 52.00K | 4.64M |
| Stockholders Equity | 918.52M | 613.36M | 601.97M | 580.36M | 610.55M |
Cash Flow | |||||
| Free Cash Flow | 1.29M | 1.06M | -3.16M | 4.45M | 2.52M |
| Operating Cash Flow | 1.29M | 1.06M | -3.16M | 4.45M | 2.52M |
| Investing Cash Flow | 71.49M | -5.74M | 332.00K | 10.30M | -901.00K |
| Financing Cash Flow | -73.98M | 4.88M | -5.30M | -6.91M | -32.08M |
Pacific Horizon Investment Trust PLC Technical Analysis
Positive
1104.00
Price Trends
1098.52
Positive
1115.60
Positive
1009.89
Positive
Market Momentum
8.58
Negative
52.86
Neutral
50.19
Neutral
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 1104 is below the 20-day moving average (MA) of 1119.70, above the 50-day MA of 1098.52, and above the 200-day MA of 1009.89, indicating a bullish trend. The MACD of 8.58 indicates Negative momentum. The RSI at 52.86 is Neutral, neither overbought nor oversold. The STOCH value of 50.19 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ÂŁ821.88M | 8.32 | 11.59% | 6.75% | 37.81% | 83.65% | |
76 Outperform | ÂŁ1.43B | 13.39 | 13.19% | 7.94% | 2.50% | 27.89% | |
75 Outperform | ÂŁ9.13B | 13.39 | 15.55% | 3.74% | 17.81% | 93.71% | |
74 Outperform | ÂŁ868.39M | 3.92 | 34.20% | 0.13% | 700.31% | 859.82% | |
72 Outperform | ÂŁ1.23B | 19.76 | 27.60% | 3.13% | 37.79% | 29.03% | |
66 Neutral | ÂŁ5.24B | 11.07 | 18.00% | 4.71% | 6.46% | 6.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GB:PHI
Pacific Horizon Investment Trust PLC
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51.71%
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GB:IHP
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Pacific Horizon Investment Trust PLC Corporate Events
Regulatory Filings and Compliance
Pacific Horizon Updates Share Capital and Voting Rights Figures
Neutral
Oct 1, 2026
Pacific Horizon Investment Trust PLC, a UK-based growth-focused global equity investment trust managed by Baillie Gifford, provides shareholders with access to a diversified portfolio of international equities. It competes in the investment trust ...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Pacific Horizon flags rising risks as it publishes 2026 annual report
Neutral
Sep 30, 2026
Pacific Horizon Investment Trust PLC has published its Annual Report and Financial Statements for the year ended 31 July 2026, which are now available to shareholders and on the Baillie Gifford website. The Board and directors affirm that the acco...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Expands Treasury Stock with New Share Buyback
Positive
Sep 28, 2026
Pacific Horizon Investment Trust PLC has repurchased 125,000 of its ordinary shares at 1,118.23p each, and these shares will be held in treasury rather than cancelled. This move increases the total treasury holding to 15,089,798 shares and leaves ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Count After Treasury Buyback
Positive
Sep 25, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 1,143.37p each, with the shares to be held in treasury, bringing its total treasury holding to 14,964,798 shares. Following this transaction, the number of shares in is...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon expands treasury stock with latest share buyback
Positive
Sep 23, 2026
Pacific Horizon Investment Trust PLC has bought back 50,000 ordinary shares at 1,147.47p each, placing them into treasury and increasing its total treasury holding to 14,914,798 shares. Following this transaction, the number of shares in issue exc...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Pacific Horizon Investment Trust posts strong year and loosens stock limits amid Asia tech surge
Positive
Sep 22, 2026
Pacific Horizon Investment Trust PLC reported a 65.1% net asset value total return and a 63.3% share price total return for the year to 31 July 2026, sharply outperforming the MSCI All Country Asia ex Japan Index’s 35.8% return. Gains were d...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Updates Share Capital After Treasury Buyback
Neutral
Sep 21, 2026
Pacific Horizon Investment Trust PLC has executed a buyback of 50,000 ordinary shares at 1,142.58p, which will be held in treasury to adjust its capital structure and manage market dynamics. Following this transaction, the company now holds 14,864...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adds to Treasury Holding with Share Buyback
Positive
Sep 18, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at a price of 1,107.36p each, with the acquired shares to be held in treasury rather than cancelled. This move increases the total treasury holding to 14,814,798 shares, p...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock in Share Buyback
Positive
Sep 14, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 1,080.46p, with the shares to be held in Treasury, lifting the total Treasury holding to 14,764,798 shares. Following this transaction, the number of shares in issue ex...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Count After Treasury Buyback
Neutral
Sep 10, 2026
Pacific Horizon Investment Trust PLC has repurchased 75,000 ordinary shares at a price of 1,119.40p, with the shares to be held in treasury rather than cancelled. This transaction forms part of the trust’s capital management strategy and adj...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Count After Treasury Purchase
Neutral
Sep 9, 2026
Pacific Horizon Investment Trust PLC has repurchased 122,015 ordinary shares at 1,133.28p each, with the shares to be held in treasury, bringing total treasury holdings to 14,639,798. As a result, the number of shares in issue excluding treasury n...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon boosts treasury stock with share buyback
Positive
Sep 7, 2026
Pacific Horizon Investment Trust PLC has repurchased 150,000 ordinary shares at 1,132.74p, with the shares to be held in treasury, increasing its treasury holding to 14,517,783 shares. After this transaction, the number of shares in issue excludin...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Treasury Share Position After Buyback
Positive
Sep 2, 2026
Pacific Horizon Investment Trust PLC has repurchased 51,356 ordinary shares at a price of 1,092.98 pence per share, with the shares to be held in treasury rather than cancelled. This transaction forms part of the trust’s ongoing capital mana...
Regulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Capital and Voting Rights
Neutral
Sep 1, 2026
Pacific Horizon Investment Trust PLC has reported that its share capital comprises 92,074,961 ordinary shares, of which 14,316,427 are held in treasury, leaving 77,758,534 shares in issue that carry voting rights. The company highlighted that this...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Updates Share Capital After Treasury Share Buyback
Neutral
Aug 27, 2026
Pacific Horizon Investment Trust PLC has executed a share buyback, purchasing 13,464 ordinary shares at 1,120.79 pence per share and holding them in treasury. Following this transaction, the company’s treasury holdings rise to 14,316,427 sha...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon updates share count after latest buyback
Neutral
Aug 21, 2026
Pacific Horizon Investment Trust PLC has repurchased 74,078 ordinary shares at 1,112.91 pence each, with the shares to be held in treasury rather than cancelled. Following this transaction, the trust now holds 14,302,963 shares in treasury, leavin...
Financial DisclosuresRegulatory Filings and Compliance
Pacific Horizon Confirms Full Disclosure Ahead of Year-End Results
Positive
Aug 3, 2026
Pacific Horizon Investment Trust PLC has confirmed that its directors are satisfied all inside information relating to the financial year ended 31 July 2026 has been fully disclosed to a regulated information service. This closed period confirmati...
Regulatory Filings and Compliance
Pacific Horizon Updates Share Capital and Voting Rights Total
Neutral
Aug 3, 2026
Pacific Horizon Investment Trust PLC has reported that its issued share capital comprises 92,074,961 ordinary shares, of which 14,228,885 are held in treasury and therefore do not carry voting rights. As a result, the total number of voting rights...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock in Share Buyback Move
Neutral
Jul 31, 2026
Pacific Horizon Investment Trust PLC has repurchased 82,743 ordinary shares at 1,053.06p each, with the shares to be held in treasury, increasing its treasury stock to 14,228,885 shares. This move adjusts the capital structure while maintaining fl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon boosts treasury stock and updates share count for FCA disclosures
Neutral
Jul 29, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 996.46 pence each, with the shares to be held in treasury, increasing its treasury balance to 14,146,142 shares. After this transaction, the number of shares in issue e...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Boosts Treasury Stock With Share Buyback
Positive
Jul 27, 2026
Pacific Horizon Investment Trust PLC has repurchased 50,000 ordinary shares at 1,058.67p each, with the shares being retained in treasury rather than cancelled. This transaction increases the treasury holding to 14,096,142 shares and leaves 77,978...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Boosts Treasury Stock and Updates Share Count
Neutral
Jul 23, 2026
Pacific Horizon Investment Trust PLC has repurchased 182,092 ordinary shares at 1,082.41 pence per share, which will be held in treasury, increasing its treasury holding to 14,046,142 shares. Following this transaction, the number of shares in iss...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon updates share count after treasury buyback
Neutral
Jul 22, 2026
Pacific Horizon Investment Trust PLC has bought back 76,000 ordinary shares at 1,075.07p on 22 July 2026, placing the repurchased stock into treasury and bringing its total treasury holdings to 13,864,050 shares. As a result, the number of shares ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Tightens Free Float With New Share Buyback
Positive
Jul 17, 2026
On 17 July 2026, Pacific Horizon Investment Trust PLC repurchased 150,000 ordinary shares at 1,031.30p each and transferred them into treasury, bringing total treasury holdings to 13,788,050 shares. This move leaves 78,286,911 shares in issue excl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust boosts treasury stock with latest share buyback
Positive
Jul 16, 2026
Pacific Horizon Investment Trust PLC has bought back 200,000 ordinary shares at 1,066.48p each, with the repurchased stock being placed into treasury rather than cancelled. This move lifts the total number of treasury shares to 13,638,050 and leav...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Updates Share Count After New Buyback
Positive
Jul 15, 2026
Pacific Horizon Investment Trust PLC has repurchased 100,000 ordinary shares at 1,094.50p each, with the shares to be held in treasury, bringing total treasury holdings to 13,438,050 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 in Latest Buyback
Positive
Jul 13, 2026
Pacific Horizon Investment Trust PLC announced it has repurchased 92,643 ordinary shares at 1,078.54p each, with the shares to be held in treasury rather than cancelled. This buyback increases the total treasury holdings to 13,338,050 shares and l...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Adjusts Share Capital Through Treasury Buyback
Positive
Jul 10, 2026
Pacific Horizon Investment Trust PLC has repurchased 5,648 ordinary shares at 1,111.23 pence each, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now holds 13,245,407 shares in treasury, leavi...
Business Operations and Strategy
Pacific Horizon’s Qian Zhang to Appear on QuotedData Investment Webinar
Positive
Jul 9, 2026
Pacific Horizon Investment Trust PLC will feature in QuotedData’s weekly ‘In The HotSeat’ webinar, with portfolio manager Qian Zhang set to be interviewed by host Matthew Read on 10 July 2026. The live session, part of a regular ...
Stock BuybackRegulatory Filings and Compliance
Pacific Horizon adjusts share capital with new treasury purchase
Neutral
Jul 7, 2026
Pacific Horizon Investment Trust PLC has bought back 100,000 ordinary shares at 1,109.38p, with the repurchased stock to be held in treasury rather than cancelled. This move adjusts the balance between issued shares and treasury holdings, which ca...
Business Operations and StrategyRegulatory Filings and Compliance
Pacific Horizon Keeps Block Listed Share Capacity Unchanged in First Half of 2026
Positive
Jul 3, 2026
Pacific Horizon Investment Trust reported that, under its general block listing scheme covering the period from 1 January to 30 June 2026, there was no change in the number of ordinary 10 pence shares available. The balance of unallotted securitie...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Pacific Horizon Investment Trust Updates Share Capital After Treasury Purchase
Neutral
Jul 2, 2026
Pacific Horizon Investment Trust PLC has purchased 76,254 ordinary shares at 1,127.99p each, with the shares to be held in treasury, signalling continued active management of its capital base. Following this transaction, the company now holds 13,1...
Regulatory Filings and Compliance
Pacific Horizon Updates Market on Voting Rights and Share Capital
Neutral
Jul 1, 2026
Pacific Horizon Investment Trust PLC has reported that its share capital comprises 92,074,961 ordinary shares, of which 13,063,505 are held in treasury, leaving 79,011,456 shares in issue that carry voting rights. The company highlighted that this...
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.