Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. is a publicly owned investment manager. The firm primarily provides its services to private and institutional investors. It also manages accounts for corporate, ultra high net worth individuals, insurance companies, and pension funds. The firm offers client focused equity, fixed income, and balanced portfolios. It also launch… Read more
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) - Net Assets
Latest net assets as of December 2022: €6.55 Million EUR
Based on the latest financial reports, Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) has net assets worth €6.55 Million EUR as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.55 Million) and total liabilities (€4.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €6.55 Million |
| % of Total Assets | 62.07% |
| Annual Growth Rate | 4.3% |
| 5-Year Change | 31.38% |
| 10-Year Change | N/A |
| Growth Volatility | 23.88 |
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A - Net Assets Trend (2015–2022)
This chart illustrates how Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (2015–2022)
The table below shows the annual net assets of Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €6.55 Million | -3.08% |
| 2021-12-31 | €6.76 Million | +26.14% |
| 2020-12-31 | €5.36 Million | -17.20% |
| 2019-12-31 | €6.47 Million | +29.78% |
| 2018-12-31 | €4.98 Million | -11.77% |
| 2017-12-31 | €5.65 Million | +43.92% |
| 2016-12-31 | €3.93 Million | -19.53% |
| 2015-12-31 | €4.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 23.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.44 Million | 83.14% |
| Common Stock | €1.12 Million | 17.12% |
| Total Equity | €6.55 Million | 100.00% |
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A Competitors by Market Cap
The table below lists competitors of Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ALMA MEDIA CORPORAT
BE:A4M
|
$142.22K |
|
Easy Technologies Inc
PINK:EMYSF
|
$142.22K |
|
Sanyo Special Steel Co., Ltd.
PINK:SYPLF
|
$142.28K |
|
M'BISHI UFJ FINL - Dusseldorf Stock Exchang
DU:MFZ
|
$142.28K |
|
Multi Manager Inv Globale Value Aktier
CO:MMIGLVAAKT
|
$142.09K |
|
Sydinvest Mellemlange Obligationer A DKK Akk
CO:SYIMOADKKA
|
$142.05K |
|
PetroGas Co
PINK:PTCO
|
$142.04K |
|
Trematon Capital Investments
JSE:TMT
|
$142.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 6,756,680 to 6,548,660, a change of -208,020 (-3.1%).
- Net income of 589,380 contributed positively to equity growth.
- Dividend payments of 1,035,750 reduced retained earnings.
- Share repurchases of 138,620 reduced equity.
- Other factors increased equity by 376,970.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €589.38K | +9.0% |
| Dividends Paid | €1.04 Million | -15.82% |
| Share Repurchases | €138.62K | -2.12% |
| Other Changes | €376.97K | +5.76% |
| Total Change | €- | -3.08% |
Book Value vs Market Value Analysis
This analysis compares Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.36x to 7.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | €1.79 | €15.00 | x |
| 2021-12-31 | €2.24 | €15.00 | x |
| 2022-12-31 | €2.13 | €15.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.38%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.61x
- Recent ROE (9.00%) is below the historical average (19.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.32% | 0.29% | 0.58x | 1.93x | €-472.09K |
| 2016 | 0.50% | 0.41% | 0.57x | 2.11x | €-372.96K |
| 2017 | 33.81% | 25.10% | 0.71x | 1.90x | €1.35 Million |
| 2018 | 18.85% | 14.41% | 0.78x | 1.68x | €440.92K |
| 2019 | 25.35% | 20.33% | 0.78x | 1.60x | €993.20K |
| 2020 | 18.86% | 15.51% | 0.70x | 1.73x | €474.38K |
| 2021 | 46.30% | 32.07% | 0.75x | 1.92x | €2.45 Million |
| 2022 | 9.00% | 8.38% | 0.67x | 1.61x | €-65.49K |
Industry Comparison
This section compares Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $27,648,945
- Average return on equity (ROE) among peers: 5.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) | €6.55 Million | 0.32% | 0.61x | $142.15K |
| Alpha Trust Andromeda Investment Trust S.A (ANDRO) | $9.32 Million | -16.82% | 0.02x | $78.84K |
| Centric Holdings S.A (CENTR) | $26.04 Million | 10.56% | 0.34x | $12.40 Million |
| Phoenix Vega Mezz PLC (PVMEZZ) | $47.59 Million | 23.52% | 0.00x | $543.50 |