Aberforth Smaller Companies Trust PLC (ASL) - Net Assets
Based on the latest financial reports, Aberforth Smaller Companies Trust PLC (ASL) has net assets worth GBX1.39 Billion GBX (≈ $169.33K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.47 Billion ≈ $178.49K USD) and total liabilities (GBX75.31 Million ≈ $9.16K 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. Read Aberforth Smaller Companies Trust PLC (ASL) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.39 Billion |
| % of Total Assets | 94.87% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | -5.49% |
| 10-Year Change | 14.05% |
| Growth Volatility | 22.9 |
Aberforth Smaller Companies Trust PLC - Net Assets Trend (2000–2025)
This chart illustrates how Aberforth Smaller Companies Trust PLC's net assets have evolved over time, based on quarterly financial data. Also explore Aberforth Smaller Companies Trust PLC asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Aberforth Smaller Companies Trust PLC (2000–2025)
The table below shows the annual net assets of Aberforth Smaller Companies Trust PLC from 2000 to 2025. For live valuation and market cap data, see market cap of Aberforth Smaller Companies Trust PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX1.39 Billion ≈ $169.33K |
-0.40% |
| 2024-12-31 | GBX1.40 Billion ≈ $170.01K |
+7.72% |
| 2023-12-31 | GBX1.30 Billion ≈ $157.84K |
+3.71% |
| 2022-12-31 | GBX1.25 Billion ≈ $152.19K |
-15.06% |
| 2021-12-31 | GBX1.47 Billion ≈ $179.17K |
+28.28% |
| 2020-12-31 | GBX1.15 Billion ≈ $139.67K |
-18.34% |
| 2019-12-31 | GBX1.41 Billion ≈ $171.05K |
+21.85% |
| 2018-12-31 | GBX1.15 Billion ≈ $140.38K |
-19.64% |
| 2017-12-31 | GBX1.44 Billion ≈ $174.68K |
+17.65% |
| 2016-12-31 | GBX1.22 Billion ≈ $148.47K |
+2.38% |
| 2015-12-31 | GBX1.19 Billion ≈ $145.02K |
+7.63% |
| 2014-12-31 | GBX1.11 Billion ≈ $134.73K |
-2.70% |
| 2013-12-31 | GBX1.14 Billion ≈ $138.48K |
+48.16% |
| 2012-12-31 | GBX768.18 Million ≈ $93.47K |
+27.37% |
| 2011-12-31 | GBX603.09 Million ≈ $73.38K |
-15.86% |
| 2010-12-31 | GBX716.79 Million ≈ $87.21K |
+22.13% |
| 2009-12-31 | GBX586.92 Million ≈ $71.41K |
+38.39% |
| 2008-12-31 | GBX424.12 Million ≈ $51.60K |
-42.30% |
| 2007-12-31 | GBX735.02 Million ≈ $89.43K |
-11.80% |
| 2006-12-31 | GBX833.33 Million ≈ $101.39K |
+24.16% |
| 2005-12-31 | GBX671.17 Million ≈ $81.66K |
+22.67% |
| 2004-12-31 | GBX547.15 Million ≈ $66.57K |
+26.80% |
| 2003-12-31 | GBX431.53 Million ≈ $52.50K |
+56.41% |
| 2002-12-31 | GBX275.89 Million ≈ $33.57K |
-12.49% |
| 2001-12-31 | GBX315.26 Million ≈ $38.36K |
+4.77% |
| 2000-12-31 | GBX300.92 Million ≈ $36.61K |
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Equity Component Analysis
This analysis shows how different components contribute to Aberforth Smaller Companies Trust PLC'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX797.00K | 0.06% |
| Other Components | GBX1.39 Billion | 99.94% |
| Total Equity | GBX1.39 Billion | 100.00% |
Aberforth Smaller Companies Trust PLC Competitors by Market Cap
The table below lists competitors of Aberforth Smaller Companies Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
iZafe Group AB Series B
ST:IZAFE-B
|
$14.83 Million |
|
CONSENSUS AS.MGM.B SK 5-
F:5XI
|
$14.84 Million |
|
iRobot Corporation
NASDAQ:IRBT
|
$14.84 Million |
|
HPMT Holdings Bhd
KLSE:5291
|
$14.85 Million |
|
Georgia Capital PLC
LSE:CGEO
|
$14.82 Million |
|
SSP Group PLC
LSE:SSPG
|
$14.82 Million |
|
Copaur Minerals Inc
V:CPAU
|
$14.82 Million |
|
Mobilia Holdings Bhd
KLSE:0229
|
$14.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aberforth Smaller Companies Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,397,317,000 to 1,391,716,000, a change of -5,601,000 (-0.4%).
- Net income of 96,235,000 contributed positively to equity growth.
- Dividend payments of 41,591,000 reduced retained earnings.
- Share repurchases of 60,245,000 reduced equity.
- Other comprehensive income decreased equity by 1,292,625,000.
- Other factors increased equity by 1,292,625,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX96.23 Million | +6.91% |
| Dividends Paid | GBX41.59 Million | -2.99% |
| Share Repurchases | GBX60.24 Million | -4.33% |
| Other Comprehensive Income | GBX-1.29 Billion | -92.88% |
| Other Changes | GBX1.29 Billion | +92.88% |
| Total Change | GBX- | -0.40% |
Book Value vs Market Value Analysis
This analysis compares Aberforth Smaller Companies Trust PLC'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: 90.32x
- 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 308.81x to 90.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | GBX4.99 | GBX1540.00 | x |
| 2004-12-31 | GBX5.54 | GBX1540.00 | x |
| 2005-12-31 | GBX6.79 | GBX1540.00 | x |
| 2006-12-31 | GBX8.43 | GBX1540.00 | x |
| 2007-12-31 | GBX7.44 | GBX1540.00 | x |
| 2008-12-31 | GBX4.34 | GBX1540.00 | x |
| 2009-12-31 | GBX6.06 | GBX1540.00 | x |
| 2010-12-31 | GBX7.41 | GBX1540.00 | x |
| 2011-12-31 | GBX6.26 | GBX1540.00 | x |
| 2012-12-31 | GBX8.01 | GBX1540.00 | x |
| 2013-12-31 | GBX11.91 | GBX1540.00 | x |
| 2014-12-31 | GBX11.61 | GBX1540.00 | x |
| 2015-12-31 | GBX12.52 | GBX1540.00 | x |
| 2016-12-31 | GBX12.88 | GBX1540.00 | x |
| 2017-12-31 | GBX15.29 | GBX1540.00 | x |
| 2018-12-31 | GBX12.61 | GBX1540.00 | x |
| 2019-12-31 | GBX15.59 | GBX1540.00 | x |
| 2020-12-31 | GBX12.86 | GBX1540.00 | x |
| 2021-12-31 | GBX16.64 | GBX1540.00 | x |
| 2022-12-31 | GBX14.01 | GBX1540.00 | x |
| 2023-12-31 | GBX15.30 | GBX1540.00 | x |
| 2024-12-31 | GBX16.60 | GBX1540.00 | x |
| 2025-12-31 | GBX17.05 | GBX1540.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aberforth Smaller Companies Trust PLC 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): 6.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.29%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.05x
- Recent ROE (6.91%) is above the historical average (6.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 23.71% | 96.88% | 0.24x | 1.02x | GBX59.16 Million |
| 2004 | 22.46% | 94.05% | 0.24x | 1.00x | GBX68.20 Million |
| 2005 | 20.13% | 94.09% | 0.21x | 1.00x | GBX68.02 Million |
| 2006 | 20.89% | 94.42% | 0.22x | 1.00x | GBX90.78 Million |
| 2007 | -11.51% | 0.00% | -0.10x | 1.00x | GBX-158.13 Million |
| 2008 | -66.87% | 0.00% | -0.59x | 1.10x | GBX-326.02 Million |
| 2009 | 30.90% | 95.54% | 0.30x | 1.08x | GBX122.69 Million |
| 2010 | 21.07% | 93.47% | 0.21x | 1.08x | GBX79.34 Million |
| 2011 | -15.55% | 0.00% | -0.12x | 1.12x | GBX-154.09 Million |
| 2012 | 24.50% | 98.69% | 0.23x | 1.06x | GBX111.37 Million |
| 2013 | 34.65% | 98.90% | 0.34x | 1.03x | GBX280.50 Million |
| 2014 | -0.69% | 0.00% | 0.00x | 1.03x | GBX-118.32 Million |
| 2015 | 9.41% | 96.00% | 0.10x | 1.01x | GBX-7.01 Million |
| 2016 | 5.11% | 95.92% | 0.05x | 1.03x | GBX-59.67 Million |
| 2017 | 18.27% | 98.72% | 0.18x | 1.01x | GBX118.78 Million |
| 2018 | -18.71% | 0.00% | -0.18x | 1.02x | GBX-331.24 Million |
| 2019 | 21.31% | 98.91% | 0.21x | 1.01x | GBX158.93 Million |
| 2020 | -19.10% | 0.00% | -0.18x | 1.06x | GBX-333.99 Million |
| 2021 | 24.96% | 99.03% | 0.24x | 1.06x | GBX220.27 Million |
| 2022 | -12.53% | -142.39% | 0.08x | 1.06x | GBX-281.84 Million |
| 2023 | 7.64% | 97.23% | 0.07x | 1.06x | GBX-30.68 Million |
| 2024 | 10.85% | 89.62% | 0.11x | 1.07x | GBX11.86 Million |
| 2025 | 6.91% | 84.29% | 0.08x | 1.05x | GBX-42.94 Million |
Industry Comparison
This section compares Aberforth Smaller Companies Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aberforth Smaller Companies Trust PLC (ASL) | GBX1.39 Billion | 23.71% | 0.05x | $14.83 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About Aberforth Smaller Companies Trust PLC
Aberforth Smaller Companies Trust Plc is a closed-ended equity mutual fund launched and managed by Aberforth Partners LLP. The fund invests in public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small-cap companies. It employs fundamental analysis with both bottom-up and top-down… Read more