Market cap
$7.4b
End-of-day close multiplied by current shares on issue.
TEM · NZX
Templeton Emerging Markets Investment Trust Plc is an NZX-listed investment companies / listed investment trust company with FY21 - HY24 of published result briefings.
Snapshot
HY24, released 8 December 2023
| Metric | Value | Change |
|---|---|---|
| Revenue | $45.5m | ↓ -19.6% |
| NPAT | -$11.9m | ↑ +93.3% |
| Operating cash flow | $37.3m | ↓ -21.1% |
| Net debt | -$30.4m | ↓ -85.5% |
| ROE % | -0.6% | ↑ +8.9pp |
| PBT | -$4.3m | ↑ +97.5% |
| Debtor days | 85 | ↑ +61.6% |
| Total assets | $1.9b | ↑ +3.4% |
Source: latest published briefing (HY24, released 8 December 2023). Change compares against the prior equivalent period: HY23, released 9 December 2022.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$7.4b
End-of-day close multiplied by current shares on issue.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
1.5%
Trailing dividends compared with the latest close.
Premium / discount
365.7%
For investment companies, price compared with reported NTA.
Total return
Not available
Available once dividend and adjustment data are verified.
How the market price compares with recent earnings and cash-flow inputs.
P/E
Not available
Not available for this company right now.
EPS
Not available
Not available for this company right now.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not useful for this reporting shape.
P/FCF
Not available
Not available for this company right now.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Chat
Ask follow-up questions about Templeton Emerging Markets Investment Trust Plc's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | HY246 MONTHS8 December 2023 | HY236 MONTHS9 December 2022 | FY2212 MONTHS15 June 2022 | HY226 MONTHS25 November 2021 | FY2112 MONTHS8 June 2021 | Trend |
|---|---|---|---|---|---|---|
| Revenue | $45.5m | $56.6m | $54.3m | $32.3m | $28.6b | Chart |
| Revenue growth % | -19.6% | 75.0% | 89.5% | -6.3% | -61.9% | Chart |
| EBITDA | — | -$168.9m | -$429.9m | $27.9m | $925.2m | Chart |
| EBITDA margin % | — | -298.5% | -792.1% | 86.2% | 3.2% | Chart |
| PBT | -$4.3m | -$170.7m | -$432.7m | -$185.2m | $922.6m | Chart |
| NPAT | -$11.9m | -$177.3m | -$442.4m | -$191.8m | $934.4m | Chart |
| Operating cash flow | $37.3m | $47.3m | $27.5m | $23.4m | $51.5m | Chart |
| OCF / EBITDA % | — | -28.0% | -6.4% | 83.8% | 5.6% | Chart |
| DPS | — | 2.8c | 3.8c | 1.0c | 14.0c | Chart |
| Payout ratio vs NPAT % | — | -18.6% | — | -6.2% | 3.6% | Chart |
| Annual payout ratio vs EPS % | — | — | — | — | 3.6% | — |
| ROE % | -0.6% | -9.5% | -18.9% | -8.1% | 36.1% | Chart |
| Net debt | -$30.4m | -$16.4m | $24.1m | $59.7m | $14.8m | Chart |
| Net debt / EBITDA | — | 0.1x | -0.06x | 2.14x | 0.02x | Chart |
| Debtor days | 85 | 53 | 0 | 89 | 0 | Chart |
| Total assets | $1.9b | $1.9b | $2.3b | $2.4b | $2.6b | Chart |
Reference: annolyse.ai/companies/tem
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
Net tangible asset or net asset value per share, shown in per-share cents for chart readability.
Recurring investment-income or revenue-return proxy, excluding fair-value movement where disclosed.
Total income or return including fair-value or capital movement where disclosed.
Net asset base attributable to shareholders or unitholders.
Management expense ratio, ongoing charge, or equivalent where disclosed.
Recurring investment income or revenue-return coverage of cash distributions where source-backed.
Portfolio or NAV total return compared with the disclosed benchmark or index return.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From NAV fell 20.9% to £1.87bn as second straight half-year loss hit £177.3m
No quantitative targets are provided. The trust's own prior-year commentary states that most earnings arrive in the first half, and FY22 confirms that pattern: H1 FY22 investment income of £32.3m represented 59.6% of the full-year £54.3m. Current half-year income of £56.6m already exceeds the entirety of FY22 investment income, which sets a high bar for the second half and means full-year revenue progression will depend on how much was front-loaded by specific dividend timing.
The release does not provide a current-period portfolio-versus-MSCI Emerging Markets attribution that can be cleanly cited, so relative performance against benchmark cannot be assessed in this briefing from the supplied excerpts.
Open questions
This briefing cannot assess current-period portfolio performance relative to the MSCI Emerging Markets benchmark, because the supplied excerpts only quote prior-year comparative returns.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
HY24 · Released 8 December 2023
NTA rose to 170.5p and the portfolio marginally beat the benchmark, but revenue cover of the distribution fell from 171.8% to 110.9% as income
HY23 · Released 9 December 2022
Investment income surged 75% to £56.6m and lifted distribution coverage, but the capital account drove another large total-return loss.
FY22 · Released 15 June 2022
TEMIT cut the ordinary distribution to 3.80p as net assets fell 18.9% to 2,100.4m, with gross borrowings rising 50% to 150.0m.
HY22 · Released 25 November 2021
Investment income fell 6.3% and emerging-markets capital losses drove the swing, though revenue earnings still cover ~98% of distributions.
FY21 · Released 8 June 2021
Capital gains drove a £934.4m profit, but the higher 29p total payout was only 86.7% covered by revenue earnings.
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