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RIT Capital Partners

RITPF
73
Asset Management · Financial Services
Price
$36.34
+0.00 (+0.00%)
Market Cap
$4.96B
Exchange
Other OTC
Winston Score
73
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Good
Cash Flow
Good
Stability
Exceptional
Valuation
Good
Dividends
Good

Share count falling — buybacks

11.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 212.9M (2021) → 189.1M (2025)

Winston Score History

The full picture

RIT Capital Partners is a British investment trust that manages a large pool of money on behalf of its shareholders. It invests across many different asset types — stocks, bonds, private companies, hedge funds, and real assets — with the goal of growing wealth over the long term while limiting losses during market downturns. The trust was founded by Lord Jacob Rothschild and is connected to the famous Rothschild financial family.

The company makes money by generating returns on its investment portfolio rather than charging management fees to outside clients, since shareholders essentially own a slice of the portfolio directly. It is listed on the London Stock Exchange and manages roughly $4–5 billion in assets, with investments spread globally across North America, Europe, and beyond. Its main competitive advantage is its long track record of capital preservation and access to exclusive private investment opportunities through its Rothschild network. The key risk is that poor market conditions or misjudged investments could erode the portfolio's net asset value.

Score breakdown

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Quality

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
2548.5%
Excellent — 2548.5% operating margin
Return on the money invested
ROCE
15.4%
Strong — 15.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
-79.0%
Shrinking sales (-79.0% YoY)
Profit growth
EPS YoY
+215.0%
Earnings growing fast (+215.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
26%
Weak — only 26% of profit becomes cash
Spare cash per sale
FCF Margin
526.9%
Converts sales into free cash efficiently (526.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.08
Conservative — low debt load (0.08)
Covers its interest
Interest Cover
27.62x
Comfortably covers interest (27.6x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
5.4x
Attractive valuation — P/E 5.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
1.80%
Small dividend — 1.80% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+22.0%
Dividend growing fast (22.0% YoY)

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