JTC PLC LS-01 (2N9) - Net Assets
Based on the latest financial reports, JTC PLC LS-01 (2N9) has net assets worth €510.35 Million EUR (≈ $596.65 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.07 Billion ≈ $1.25 Billion USD) and total liabilities (€555.23 Million ≈ $649.12 Million USD). 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. See 2N9 net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €510.35 Million |
| % of Total Assets | 47.89% |
| Annual Growth Rate | 15.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.14 |
JTC PLC LS-01 - Net Assets Trend (2021–2024)
This chart illustrates how JTC PLC LS-01's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see JTC PLC LS-01 market capitalisation.
Annual Net Assets for JTC PLC LS-01 (2021–2024)
The table below shows the annual net assets of JTC PLC LS-01 from 2021 to 2024. Also explore 2N9 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €533.94 Million ≈ $624.23 Million |
+5.97% |
| 2023-12-31 | €503.88 Million ≈ $589.08 Million |
+25.90% |
| 2022-12-31 | €400.22 Million ≈ $467.90 Million |
+16.13% |
| 2021-12-31 | €344.62 Million ≈ $402.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JTC PLC LS-01'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 3.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €50.31 Million | 9.42% |
| Other Components | €483.63 Million | 90.58% |
| Total Equity | €533.94 Million | 100.00% |
JTC PLC LS-01 Competitors by Market Cap
The table below lists competitors of JTC PLC LS-01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Odfjell Drilling Ltd
OL:ODL
|
$2.65 Billion |
|
MLS Co Ltd
SHE:002745
|
$2.66 Billion |
|
Xiamen Bank Co Ltd
SHG:601187
|
$2.66 Billion |
|
Quaker Chemical Corporation
NYSE:KWR
|
$2.66 Billion |
|
Advanced Technology & Materials Co Ltd
SHE:000969
|
$2.65 Billion |
|
Beijing Teamsun Technology Co Ltd
SHG:600410
|
$2.65 Billion |
|
Asahi India Glass Limited
NSE:ASAHIINDIA
|
$2.65 Billion |
|
Alarm.com Holdings Inc
NASDAQ:ALRM
|
$2.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JTC PLC LS-01's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 503,876,000 to 533,936,000, a change of 30,060,000 (6.0%).
- Net loss of 7,256,000 reduced equity.
- Dividend payments of 19,496,000 reduced retained earnings.
- Share repurchases of 1,831,000 reduced equity.
- Other factors increased equity by 58,643,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-7.26 Million | -1.36% |
| Dividends Paid | €19.50 Million | -3.65% |
| Share Repurchases | €1.83 Million | -0.34% |
| Other Changes | €58.64 Million | +10.98% |
| Total Change | €- | 5.97% |
Book Value vs Market Value Analysis
This analysis compares JTC PLC LS-01'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: 4.78x
- 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 6.60x to 4.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €2.34 | €15.40 | x |
| 2022-12-31 | €2.74 | €15.40 | x |
| 2023-12-31 | €3.12 | €15.40 | x |
| 2024-12-31 | €3.22 | €15.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JTC PLC LS-01 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): -1.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.38%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.91x
- Recent ROE (-1.36%) is below the historical average (4.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 7.73% | 18.07% | 0.24x | 1.80x | €-7.81 Million |
| 2022 | 8.67% | 17.35% | 0.30x | 1.69x | €-5.31 Million |
| 2023 | 4.33% | 8.48% | 0.28x | 1.80x | €-28.57 Million |
| 2024 | -1.36% | -2.38% | 0.30x | 1.91x | €-60.65 Million |
Industry Comparison
This section compares JTC PLC LS-01's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $24,184,687,564
- Average return on equity (ROE) among peers: -14.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JTC PLC LS-01 (2N9) | €510.35 Million | 7.73% | 1.09x | $2.65 Billion |
| China Cinda Asset Management Co., Ltd. (0CI) | $217.16 Billion | 2.68% | 6.34x | $1.46 Billion |
| Quinsam Capital Corporation (0Q4) | $14.57 Million | -106.45% | 0.02x | $2.01 Million |
| tokentus investment AG (14D) | $2.19 Million | -21.54% | 0.09x | $6.55 Million |
| TEAM PLC (1WQ) | $8.66 Million | -17.60% | 0.49x | $18.21 Million |
| CARLSON INV. ZY 13 (2HB) | $15.93 Million | -9.09% | 0.28x | $4.61 Million |
| Rostra AG (3330) | $0.00 | 0.00% | 0.00x | $8.82 Million |
| HELIOS FAIRFAX PARTNERS (3UD) | $415.94 Million | -14.13% | 0.05x | $105.95 Million |
| ALEXANDRIA PANKKIIRILIIKE (3ZL) | $34.31 Million | 23.48% | 0.31x | $157.84 Million |
| HAMILTON GLB.OPP.LS-0001 (5DS) | $14.39 Million | 9.30% | 0.04x | $24.13 Million |
About JTC PLC LS-01
JTC PLC provides fund, corporate, and private capital services to institutional and private clients in the United Kingdom, Channel Islands, the United States, Caribbean, rest of Europe, and internationally. The company operates in two segments, Institutional Capital Services and Private Capital Services. It offers fund services in a range of asset classes, including real estate, private equity, r… Read more