British and American Investment Trust PLC
British & American Investment Trust plc is a publically owned investment manager. The firm manages equity mutual fund for its clients. It invests in public equity markets of United Kingdom. The firm invests predominantly in investment trusts. British & American Investment Trust plc was founded in 1947 and is based in London, United Kingdom.
British and American Investment Trust PLC (BAF) - Net Assets
Latest net assets as of June 2025: GBX1.63 Million GBX
Based on the latest financial reports, British and American Investment Trust PLC (BAF) has net assets worth GBX1.63 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX8.77 Million) and total liabilities (GBX7.14 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 | GBX1.63 Million |
| % of Total Assets | 18.55% |
| Annual Growth Rate | -8.44% |
| 5-Year Change | -11.41% |
| 10-Year Change | -80.3% |
| Growth Volatility | 21.18 |
British and American Investment Trust PLC - Net Assets Trend (2000–2024)
This chart illustrates how British and American Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for British and American Investment Trust PLC (2000–2024)
The table below shows the annual net assets of British and American Investment Trust PLC from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.95 Million | +31.94% |
| 2023-12-31 | GBX4.51 Million | -36.37% |
| 2022-12-31 | GBX7.09 Million | +5.41% |
| 2021-12-31 | GBX6.73 Million | +0.10% |
| 2020-12-31 | GBX6.72 Million | +3.32% |
| 2019-12-31 | GBX6.50 Million | -17.87% |
| 2018-12-31 | GBX7.92 Million | -49.02% |
| 2017-12-31 | GBX15.53 Million | -31.51% |
| 2016-12-31 | GBX22.68 Million | -24.92% |
| 2015-12-31 | GBX30.21 Million | +11.37% |
| 2014-12-31 | GBX27.13 Million | -9.65% |
| 2013-12-31 | GBX30.02 Million | +28.61% |
| 2012-12-31 | GBX23.34 Million | -0.36% |
| 2011-12-31 | GBX23.43 Million | -27.23% |
| 2010-12-31 | GBX32.20 Million | +3.74% |
| 2009-12-31 | GBX31.04 Million | +10.10% |
| 2008-12-31 | GBX28.19 Million | -28.89% |
| 2007-12-31 | GBX39.64 Million | -16.80% |
| 2006-12-31 | GBX47.65 Million | +11.42% |
| 2005-12-31 | GBX42.77 Million | +12.93% |
| 2004-12-31 | GBX37.87 Million | +13.91% |
| 2003-12-31 | GBX33.24 Million | +15.66% |
| 2002-12-31 | GBX28.74 Million | -25.93% |
| 2001-12-31 | GBX38.80 Million | -21.48% |
| 2000-12-31 | GBX49.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to British and American Investment 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 125.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX25.00 Million | 419.96% |
| Other Comprehensive Income | GBX-28.46 Million | -478.03% |
| Other Components | GBX10.00 Million | 167.98% |
| Total Equity | GBX5.95 Million | 100.00% |
British and American Investment Trust PLC Competitors by Market Cap
The table below lists competitors of British and American Investment Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agavenny Corporation
PINK:AGNY
|
$441.50 |
|
Trust Modaraba
KAR:TRSM
|
$442.21 |
|
Feper SA
RO:FEP
|
$443.15 |
|
P Z CUSSONS NIGERIA PLC
XNSA:PZ
|
$443.41 |
|
Pakistan International Bulk Terminal Private Ltd
KAR:PIBTL
|
$440.71 |
|
New Tech Venture S.A.
WAR:NTV
|
$440.65 |
|
Rafina Innovations Inc
PINK:VICA
|
$440.50 |
|
Tesla Exploration Ltd
PINK:TXLZF
|
$439.26 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in British and American Investment Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,512,000 to 5,953,000, a change of 1,441,000 (31.9%).
- Net income of 2,053,000 contributed positively to equity growth.
- Dividend payments of 380,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,252,000.
- Other factors decreased equity by 2,484,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX2.05 Million | +34.49% |
| Dividends Paid | GBX380.00K | -6.38% |
| Other Comprehensive Income | GBX2.25 Million | +37.83% |
| Other Changes | GBX-2.48 Million | -41.73% |
| Total Change | GBX- | 31.94% |
Book Value vs Market Value Analysis
This analysis compares British and American Investment 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: 79.37x
- 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 increased from 11.74x to 79.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | GBX1.15 | GBX13.50 | x |
| 2003-12-31 | GBX1.33 | GBX13.50 | x |
| 2004-12-31 | GBX1.51 | GBX13.50 | x |
| 2005-12-31 | GBX1.71 | GBX13.50 | x |
| 2006-12-31 | GBX1.91 | GBX13.50 | x |
| 2007-12-31 | GBX1.59 | GBX13.50 | x |
| 2008-12-31 | GBX1.13 | GBX13.50 | x |
| 2009-12-31 | GBX1.24 | GBX13.50 | x |
| 2010-12-31 | GBX1.29 | GBX13.50 | x |
| 2011-12-31 | GBX0.94 | GBX13.50 | x |
| 2012-12-31 | GBX0.93 | GBX13.50 | x |
| 2013-12-31 | GBX0.86 | GBX13.50 | x |
| 2014-12-31 | GBX0.78 | GBX13.50 | x |
| 2015-12-31 | GBX0.86 | GBX13.50 | x |
| 2016-12-31 | GBX0.65 | GBX13.50 | x |
| 2017-12-31 | GBX0.62 | GBX13.50 | x |
| 2018-12-31 | GBX0.32 | GBX13.50 | x |
| 2019-12-31 | GBX0.26 | GBX13.50 | x |
| 2020-12-31 | GBX0.19 | GBX13.50 | x |
| 2021-12-31 | GBX0.19 | GBX13.50 | x |
| 2022-12-31 | GBX0.20 | GBX13.50 | x |
| 2023-12-31 | GBX0.18 | GBX13.50 | x |
| 2024-12-31 | GBX0.17 | GBX13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently British and American Investment 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): 34.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.42%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.24x
- Recent ROE (34.49%) is above the historical average (0.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.36% | 94.30% | 0.19x | 1.03x | GBX2.78 Million |
| 2004 | 14.12% | 92.53% | 0.15x | 1.00x | GBX1.56 Million |
| 2005 | 16.01% | 93.59% | 0.15x | 1.15x | GBX2.57 Million |
| 2006 | 14.52% | 94.01% | 0.15x | 1.01x | GBX2.16 Million |
| 2007 | -15.40% | 0.00% | -0.14x | 1.03x | GBX-10.07 Million |
| 2008 | -33.71% | 0.00% | -0.30x | 1.05x | GBX-12.32 Million |
| 2009 | 15.62% | 90.09% | 0.17x | 1.03x | GBX1.74 Million |
| 2010 | 10.05% | 85.72% | 0.11x | 1.07x | GBX16.20K |
| 2011 | -28.25% | 0.00% | -0.24x | 1.07x | GBX-8.96 Million |
| 2012 | 9.06% | 78.48% | 0.10x | 1.13x | GBX-219.50K |
| 2013 | 29.74% | 93.64% | 0.30x | 1.07x | GBX5.93 Million |
| 2014 | -5.42% | 0.00% | -0.03x | 1.31x | GBX-4.18 Million |
| 2015 | 17.99% | 89.76% | 0.13x | 1.53x | GBX2.41 Million |
| 2016 | -22.61% | 0.00% | -0.14x | 1.39x | GBX-7.40 Million |
| 2017 | -30.24% | 0.00% | -0.15x | 1.64x | GBX-6.25 Million |
| 2018 | -64.59% | 0.00% | -0.25x | 2.23x | GBX-5.91 Million |
| 2019 | 17.07% | 66.03% | 0.10x | 2.48x | GBX459.60K |
| 2020 | 15.86% | 63.49% | 0.12x | 2.11x | GBX394.00K |
| 2021 | 18.31% | 66.20% | 0.14x | 2.00x | GBX559.30K |
| 2022 | 13.76% | 59.73% | 0.12x | 1.95x | GBX266.90K |
| 2023 | -43.59% | -180.62% | 0.09x | 2.65x | GBX-2.42 Million |
| 2024 | 34.49% | 67.42% | 0.23x | 2.24x | GBX1.46 Million |
Industry Comparison
This section compares British and American Investment Trust PLC'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 |
|---|---|---|---|---|
| British and American Investment Trust PLC (BAF) | GBX1.63 Million | 18.36% | 4.39x | $441.06 |
| 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 |