Artemis Alpha Trust
Artemis Alpha Trust plc is a closed ended equity mutual fund launched and managed by Artemis Investment Management LLP. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund benchmarks the performance of its portfolio against the FTSE All Shar… Read more
Artemis Alpha Trust (ATS) - Net Assets
Latest net assets as of April 2024: GBX135.33 Million GBX
Based on the latest financial reports, Artemis Alpha Trust (ATS) has net assets worth GBX135.33 Million GBX as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX140.58 Million) and total liabilities (GBX5.25 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 | GBX135.33 Million |
| % of Total Assets | 96.26% |
| Annual Growth Rate | 10.47% |
| 5-Year Change | 10.51% |
| 10-Year Change | -3.19% |
| Growth Volatility | 70.75 |
Artemis Alpha Trust - Net Assets Trend (2000–2024)
This chart illustrates how Artemis Alpha Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Artemis Alpha Trust (2000–2024)
The table below shows the annual net assets of Artemis Alpha Trust from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | GBX135.33 Million | +12.95% |
| 2023-04-30 | GBX119.82 Million | -3.45% |
| 2022-04-30 | GBX124.10 Million | -31.75% |
| 2021-04-30 | GBX181.83 Million | +48.49% |
| 2020-04-30 | GBX122.45 Million | -15.70% |
| 2019-04-30 | GBX145.27 Million | -10.17% |
| 2018-04-30 | GBX161.72 Million | +7.81% |
| 2017-04-30 | GBX150.00 Million | +17.24% |
| 2016-04-30 | GBX127.94 Million | -8.47% |
| 2015-04-30 | GBX139.78 Million | -2.71% |
| 2014-04-30 | GBX143.68 Million | +3.86% |
| 2013-04-30 | GBX138.35 Million | -6.74% |
| 2012-04-30 | GBX148.35 Million | -6.71% |
| 2011-04-30 | GBX159.02 Million | +77.05% |
| 2010-04-30 | GBX89.82 Million | +43.94% |
| 2009-04-30 | GBX62.40 Million | -31.90% |
| 2008-04-30 | GBX91.62 Million | +6.13% |
| 2007-04-30 | GBX86.33 Million | +3.00% |
| 2006-04-30 | GBX83.82 Million | +29.08% |
| 2005-04-30 | GBX64.94 Million | +64.71% |
| 2004-04-30 | GBX39.42 Million | +332.95% |
| 2003-04-30 | GBX9.11 Million | -31.30% |
| 2002-04-30 | GBX13.26 Million | +21.96% |
| 2001-04-30 | GBX10.87 Million | -12.41% |
| 2000-04-30 | GBX12.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Artemis Alpha Trust'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 1311.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX134.06 Million | 99.06% |
| Common Stock | GBX327.00K | 0.24% |
| Other Comprehensive Income | GBX590.00K | 0.44% |
| Other Components | GBX349.00K | 0.26% |
| Total Equity | GBX135.33 Million | 100.00% |
Artemis Alpha Trust Competitors by Market Cap
The table below lists competitors of Artemis Alpha Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ace Digital AS
OL:ACED
|
$409.99 |
|
Geopulse Exploration Inc
PINK:GPLS
|
$410.28 |
|
Moonlit S.A.
F:28O
|
$410.30 |
|
School Specialty Inc
PINK:SCOO
|
$410.58 |
|
Ore Resources Limited
AU:OR3
|
$408.51 |
|
Indochine Import Export Investment Industrial JSC
VN:DDG
|
$407.56 |
|
STRATEGIC MINER. LS -001
F:24S
|
$406.72 |
|
Bang Holdings Corp
PINK:BXNG
|
$406.52 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Artemis Alpha Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 119,816,000 to 135,329,000, a change of 15,513,000 (12.9%).
- Net income of 17,680,000 contributed positively to equity growth.
- Dividend payments of 2,098,000 reduced retained earnings.
- Share repurchases of 70,000 reduced equity.
- Other comprehensive income increased equity by 373,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX17.68 Million | +13.06% |
| Dividends Paid | GBX2.10 Million | -1.55% |
| Share Repurchases | GBX70.00K | -0.05% |
| Other Comprehensive Income | GBX373.00K | +0.28% |
| Other Changes | GBX-372.00K | -0.27% |
| Total Change | GBX- | 12.95% |
Book Value vs Market Value Analysis
This analysis compares Artemis Alpha Trust'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: 89.20x
- 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 363.28x to 89.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-04-30 | GBX1.02 | GBX369.00 | x |
| 2003-04-30 | GBX0.70 | GBX369.00 | x |
| 2004-04-30 | GBX2.01 | GBX369.00 | x |
| 2005-04-30 | GBX2.10 | GBX369.00 | x |
| 2006-04-30 | GBX2.51 | GBX369.00 | x |
| 2007-04-30 | GBX2.59 | GBX369.00 | x |
| 2008-04-30 | GBX2.77 | GBX369.00 | x |
| 2009-04-30 | GBX1.96 | GBX369.00 | x |
| 2010-04-30 | GBX2.70 | GBX369.00 | x |
| 2011-04-30 | GBX4.28 | GBX369.00 | x |
| 2012-04-30 | GBX3.05 | GBX369.00 | x |
| 2013-04-30 | GBX2.92 | GBX369.00 | x |
| 2014-04-30 | GBX3.25 | GBX369.00 | x |
| 2015-04-30 | GBX3.24 | GBX369.00 | x |
| 2016-04-30 | GBX3.00 | GBX369.00 | x |
| 2017-04-30 | GBX3.62 | GBX369.00 | x |
| 2018-04-30 | GBX3.95 | GBX369.00 | x |
| 2019-04-30 | GBX3.54 | GBX369.00 | x |
| 2020-04-30 | GBX3.05 | GBX369.00 | x |
| 2021-04-30 | GBX4.64 | GBX369.00 | x |
| 2022-04-30 | GBX3.45 | GBX369.00 | x |
| 2023-04-30 | GBX3.63 | GBX369.00 | x |
| 2024-04-30 | GBX4.14 | GBX369.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Artemis Alpha Trust 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): 13.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 86.71%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.04x
- Recent ROE (13.06%) is above the historical average (5.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 29.44% | 94.14% | 0.27x | 1.16x | GBX7.66 Million |
| 2005 | 30.33% | 94.13% | 0.27x | 1.21x | GBX13.20 Million |
| 2006 | 23.00% | 92.80% | 0.21x | 1.16x | GBX10.90 Million |
| 2007 | 4.03% | 68.81% | 0.05x | 1.14x | GBX-5.15 Million |
| 2008 | 7.95% | 81.89% | 0.09x | 1.13x | GBX-1.88 Million |
| 2009 | -39.32% | 0.00% | -0.37x | 1.01x | GBX-30.77 Million |
| 2010 | 32.35% | 96.52% | 0.29x | 1.14x | GBX20.08 Million |
| 2011 | 15.01% | 92.09% | 0.14x | 1.19x | GBX7.97 Million |
| 2012 | -5.14% | 0.00% | -0.04x | 1.11x | GBX-22.46 Million |
| 2013 | -3.10% | 0.00% | -0.02x | 1.20x | GBX-18.13 Million |
| 2014 | 11.39% | 96.86% | 0.10x | 1.19x | GBX2.00 Million |
| 2015 | -1.04% | 0.00% | -0.01x | 1.11x | GBX-15.43 Million |
| 2016 | -6.79% | 0.00% | -0.06x | 1.08x | GBX-21.48 Million |
| 2017 | 17.41% | 98.23% | 0.16x | 1.09x | GBX11.11 Million |
| 2018 | 9.16% | 96.48% | 0.09x | 1.08x | GBX-1.37 Million |
| 2019 | -9.42% | 0.00% | -0.09x | 1.02x | GBX-28.21 Million |
| 2020 | -13.56% | 0.00% | -0.13x | 1.04x | GBX-28.85 Million |
| 2021 | 36.78% | 99.06% | 0.36x | 1.03x | GBX48.69 Million |
| 2022 | -29.83% | 0.00% | -0.28x | 1.04x | GBX-49.43 Million |
| 2023 | 0.67% | 58.82% | 0.01x | 1.05x | GBX-11.17 Million |
| 2024 | 13.06% | 86.71% | 0.15x | 1.04x | GBX4.15 Million |
Industry Comparison
This section compares Artemis Alpha Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Artemis Alpha Trust (ATS) | GBX135.33 Million | 29.44% | 0.04x | $409.46 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |