Investment Trusts

JPMorgan European Discovery Trust Plc


JPMorgan European Discovery Trust Plc

  • Price (GBX)423.00
  • Today's Change2.00 / 0.48%
  • Shares traded106.58k
  • 1 Year change-6.00%
  • Beta1.4577
Data delayed at least 20 minutes, as of Mar 31 2023 16:46 BST.
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About the company

JPMorgan European Discovery Trust plc, formerly JPMorgan European Smaller Companies Trust plc, is an investment trust company. The Company's investment objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom. The Company invests in equities for the long term. The Company invests in markets that operate delivery versus payment (DVP) settlement. Its portfolio of investment includes industrials, consumer discretionary, financials, technology, real estate, utilities, healthcare and consumer staples. The Company's portfolio includes investments across geographical areas, including France, Italy, Sweden, Switzerland, Netherlands, Belgium, Germany, Spain, Denmark, Czech Republic and Norway. The Company's investment manager is JPMorgan Funds Limited (JPMF).

  • Revenue in GBP (TTM)-249.14m
  • Net income in GBP-259.87m
  • Incorporated1989
  • Employees0.00
  • Location
    JPMorgan European Discovery Trust Plc60 Victoria EmbankmentLONDON EC4Y 0JPUnited KingdomGBR
  • Phone+44 207 742 4000
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Management group(s)JP Morgan Asset Management (UK) Ltd
AIC sectorEuropean Smaller Companies
Launch date18 Apr 1990
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP


The Company invests in a diversified portfolio of smaller companies in Europe, excluding the United Kingdom. There is no minimum or maximum limits on the number of investments in the portfolio.

Managed by

Edward Greaves, Francesco Conte

Management & contract fees

The investment management fee will be charged at a rate of 0.85% of NA. Contract terminable on notice period of 6 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
Edinburgh Worldwide Investment Trust plc-533.36m-542.18m599.71m0.00--0.7789-----1.34-1.34-1.331.98-0.4641-------47.170.6884-51.220.7369--51.27--44.68----0.12480.00-400.45---423.90------
NextEnergy Solar Fund Ltd175.86m159.17m615.90m0.004.820.8495--3.500.21680.21680.22611.230.2007--6.13--18.166.5318.436.7691.4982.4390.5179.53----0.214779.35154.0021.23217.1020.68--2.56
Cordiant Digital Infrastructure Ltd57.61m58.17m630.76m0.006.950.7587--10.950.11740.11740.09721.080.0804--8.96--8.11--8.14--84.11--100.97------0.00--------------
BlackRock Smaller Companies Trust plc-335.30m-344.77m635.24m0.00--0.8497-----7.06-7.06-6.8715.37-0.3294-------33.878.96-34.279.09--90.74--89.84----0.084820.35-43.47-12.09-47.91-13.84--10.76
abrdn Private Equity Opprtntes Trust plc158.25m143.61m639.58m0.004.450.5523--4.040.93410.93411.037.530.1399--143.86--12.7016.0213.0916.2591.9094.3390.7592.36----0.050815.48-46.9312.21-49.8312.10--3.71
European Smaller Companies Trust PLC-89.44m-104.43m641.39m0.00--0.918-----0.2605-0.2605-0.22311.74-0.1059-------12.373.95-13.754.38--81.45--75.42----0.092845.76-147.18---153.18----24.78
Schroder Oriental Income Fund Ltd26.14m17.19m658.61m0.0039.320.9252--25.200.06520.06520.09912.770.0334--4.65--
Jpmorgan European Discovery Trust PLC-249.14m-259.87m662.97m0.00--0.9892-----1.64-1.64-1.574.26-0.2874-------29.977.07-30.627.27--88.37--85.53----0.0019.79-95.87-36.45-99.16-53.48--7.35
NB Private Equity Partners Ltd75.90m33.97m669.99m--19.300.6055--8.830.72630.72631.6223.150.0619------2.7815.262.8215.5375.8390.9244.8379.76----0.099417.01130.8633.16150.4435.63--11.97
Foresight Solar Fund Ltd162.99m154.47m674.61m0.004.370.8745--4.140.25320.25320.26721.260.2276--3.09--21.579.9721.589.9995.4591.2994.7789.74----0.0060.9030.5232.3931.0334.51--2.41
ICG Enterprise Trust PLC268.75m248.60m676.52m0.002.660.5368--2.523.743.744.0418.520.2275--116.16--21.0515.8021.5015.8394.2993.0292.5090.54----0.029910.9228.8015.6229.3715.76--6.19
VinaCapital Vietnam Opportunity Fund Ltd-314.33m-297.44m683.61m0.00--0.853-----1.82-1.82-1.924.98-0.3128-------29.609.43-29.919.62--79.63--75.97---57.240.009924.48-117.48---122.46----27.23
Baillie Gifford Japan Trust PLC-146.06m-155.47m694.31m0.00--0.8808-----1.65-1.65-1.558.42-0.1429-------15.223.09-15.983.18--81.30--75.40----0.158915.63-185.64---196.77------
Temple Bar Investment Trust PLC-7.78m-15.97m709.87m0.00--1.00-----0.0465-0.0465-0.02392.29-0.0093-------1.90-0.4937-1.91-0.4987---37.46---86.12---1,159.230.0933---104.73---110.19----40.64
JPMorgan Japanese Investment Trust PLC-395.18m-404.07m714.20m0.00--0.9849-----2.59-2.59-2.534.72-0.3645-------37.272.46-37.502.47--81.36--75.70----0.131932.33-433.55---470.42----4.40
TwentyFour Income Fund Ltd-63.42m-69.84m716.60m0.00--0.978-----0.1044-0.1044-0.10981.02-0.098-------10.795.50-11.725.78--86.61--85.52----0.0603104.56-68.32-6.71-71.41-8.05---0.5635
Data as of Mar 31 2023. Currency figures normalised to JPMorgan European Discovery Trust Plc's reporting currency: UK Pound GBX

Institutional shareholders

59.64%Per cent of shares held by top holders
HolderShares% Held
Allspring Global Investments LLCas of 22 Sep 202225.30m16.07%
City of London Investment Management Co. of 01 Sep 202215.80m10.04%
Lazard Asset Management LLCas of 01 Nov 202212.60m8.00%
1607 Capital Partners LLCas of 26 Jul 20227.91m5.02%
Investec Wealth & Investment of 08 Apr 20197.87m5.00%
Quilter Cheviot of 01 Nov 20227.05m4.48%
Hargreaves Lansdown Stockbrokers of 01 Nov 20226.40m4.07%
Rathbone Investment Management of 01 Nov 20224.27m2.71%
West Yorkshire Pension Fundas of 01 Nov 20223.66m2.33%
Legal & General Investment Management of 01 Nov 20223.06m1.94%
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Data from 31 Mar 2022 - 02 Mar 2023Source: FactSet Research Systems Inc.
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