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Murray International Trust PLC (MYI) Fair Value & Analysis

Financial Services · GB · Market cap 2.1B GBX

MI Murray International Trust PLC MYI · LSE
Price£3.55
Fair Value£4.52
Upside+27.5%
Quality74/100
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Mixed Growth
Highly profitable · 94.4% net margin
Low debt · generates free cash flow
3.47% dividend yield
Ranks above peers (11/14)
Wide moat 81/100
Evidence: High Range £3.39 – £5.64 Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £4.53 to £4.52 (−0.2%) since Jun 26, 2026. Share price +3.4% over the past month.

A solid business, screening 28% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£3.55 £1.66 Fair Value £4.52 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £1.66 – £3.55 · fair‑value band £3.39 – £5.64 · the £3.55 price screens below the £4.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Murray International Trust PLC (MYI) currently trades at £3.55, while our model-based Fair Value estimate is £4.52, implying the stock looks roughly 27.5% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Murray International Trust PLC generated revenue of £369M at a net margin of 94.4%. It earns a return on equity of 19.4%. Net debt stands at £85.0M. The stock trades on a trailing P/E of 6.1. Fundamentals as of Jul 16, 2026

Our scenario range runs from £3.39 (bear case) to £5.64 (bull case); at £3.55, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 28%, MYI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £1.81 £3.63 £6.57 80
Residual Income £3.76 £5.10 £19.97 76
Rev-Margin DCF £1.22 £2.21 £4.29 74
All 13 models by family
DCF Models
Owner Earnings £6.55 £14.78 £31.41 31
5Y P/E Exit £4.62 £11.45 £20.92 38
10Y P/E Exit £3.88 £10.26 £21.07 35
Earnings-Based
Graham-Dodd £3.98 £27.76 £38.95 54
Lynch FV £14.34 £20.48 £26.63 50
Dividend Discount
Gordon GGM £1.05 £2.10 £3.18 70
DDM Multi-Stage £1.05 £1.81 £2.21 61
Multiples
P/E Multiple £5.71 £7.61 £9.51 63
P/B Multiple £3.39 £4.52 £5.64 55
Asset-Based
NCAV (Graham) £1.61 £2.16 £3.23 50
Growth DCF
Growth DCF £1.81 £3.63 £6.57 80
Rev-Margin DCF £1.22 £2.21 £4.29 74
Economic Profit
Residual Income £3.76 £5.10 £19.97 76

Widest divergence: Earnings-Based (£20.48) versus Dividend Discount (£1.81). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 369M GBX
Revenue growth (YoY) +444%
Net margin 94.4%
Return on equity 19.4%
Free cash flow 80.5M GBX FY2025
P/E ratio 6.1
More key figures
Operating margin 98.3%
EPS (TTM) £0.5900
Dividend yield 3.5%
EPS growth (YoY) +576%
Net debt 85.0M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 68 · Market factors (momentum, volatility) 77

Profitability 60
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Murray International Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

Full company description

Murray International Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis with a top-down stock selection approach, focusing on such factors as value, performance, and macroeconomic and monetary factors to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of 40% FTSE World UK Index and 60% FTSE World ex UK Index. Murray International Trust PLC was formed on December 18, 1907 and is domiciled in the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Murray International Trust PLC reported revenue of £369M in FY2025 versus £207M in FY2021, a compound +15.6%/yr. Reported net income was £349M in FY2025, compounding +15.2%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£369M
Latest YoY
+150.1%
Avg. growth/yr (3Y)
+36.9%
Avg. growth/yr (21Y)
+9.0%
Revenue +15.6%/yr
FY21 £207M
FY22 £144M
FY23 £152M
FY24 £148M
FY25 £369M
Net income +15.2%/yr
FY21 £198M
FY22 £135M
FY23 £132M
FY24 £127M
FY25 £349M

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Cite: Fair Value Calculator (2026). "Murray International Trust PLC Fair Value". https://www.fairvalue-calculator.com/stock/MYI

Peer Group

Asset Management · 973 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 73 · Top 25%
Fair Value upside +28% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 94% · Top 25%
Operating margin (TTM) 98% · Top 25%
Revenue growth 444% · Top 25%
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 6.0× · Cheaper than median
P/B 1.48× · Pricier than 75% of peers
P/S (TTM) 7.72× · Pricier than median
P/FCF 35.4× · Pricier than 75% of peers
EV/EBITDA 8.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 70 · sector 37
FUTURE 100 · sector 6
PAST 77 · sector 26
HEALTH 96 · sector 95
DIVIDEND 69 · sector 69

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Murray International Trust PLC (MYI) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £4.52 versus a price of £3.55, about +28% (undervalued).
What is the fair value of MYI?
Our model-based fair value for Murray International Trust PLC is £4.52 (as of Jul 16, 2026), built from audited fundamentals. The current price is £3.55.
What is the quality score of MYI?
Murray International Trust PLC has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Murray International Trust PLC (MYI)?
Murray International Trust PLC reported trailing-twelve-month revenue of about £369M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MYI?
The net profit margin of Murray International Trust PLC is about 94.4%, meaning it keeps roughly 94.4% of revenue as net income. Based on the latest reported figures.
Does Murray International Trust PLC pay a dividend?
Murray International Trust PLC currently shows a dividend yield of about 3.44% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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