Invesco Bond Income Plus Limited
Invesco Bond Income Plus Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and govern… Read more
Invesco Bond Income Plus Limited (BIPS) - Net Assets
Latest net assets as of June 2025: GBX366.84 Million GBX
Based on the latest financial reports, Invesco Bond Income Plus Limited (BIPS) has net assets worth GBX366.84 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 (GBX423.61 Million) and total liabilities (GBX56.77 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 | GBX366.84 Million |
| % of Total Assets | 86.6% |
| Annual Growth Rate | 19.2% |
| 5-Year Change | 74.52% |
| 10-Year Change | 124.58% |
| Growth Volatility | 57.2 |
Invesco Bond Income Plus Limited - Net Assets Trend (2004–2024)
This chart illustrates how Invesco Bond Income Plus Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Invesco Bond Income Plus Limited (2004–2024)
The table below shows the annual net assets of Invesco Bond Income Plus Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX345.80 Million | +13.51% |
| 2023-12-31 | GBX304.63 Million | +8.37% |
| 2022-12-31 | GBX281.09 Million | +124.03% |
| 2021-12-31 | GBX125.47 Million | -36.67% |
| 2020-12-31 | GBX198.14 Million | +3.10% |
| 2019-12-31 | GBX192.19 Million | +10.78% |
| 2018-12-31 | GBX173.49 Million | -7.04% |
| 2017-12-31 | GBX186.63 Million | +7.14% |
| 2016-12-31 | GBX174.19 Million | +13.13% |
| 2015-12-31 | GBX153.98 Million | +3.89% |
| 2014-12-31 | GBX148.21 Million | +10.59% |
| 2013-12-31 | GBX134.02 Million | +7.49% |
| 2012-12-31 | GBX124.67 Million | +17.65% |
| 2011-12-31 | GBX105.97 Million | -13.86% |
| 2010-12-31 | GBX123.01 Million | +7.84% |
| 2009-12-31 | GBX114.07 Million | +99.22% |
| 2008-12-31 | GBX57.26 Million | -36.57% |
| 2007-12-31 | GBX90.27 Million | +3.28% |
| 2006-12-31 | GBX87.40 Million | +889.26% |
| 2005-12-31 | GBX-11.07 Million | -186.52% |
| 2005-03-31 | GBX12.80 Million | +41.66% |
| 2004-03-31 | GBX9.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Invesco Bond Income Plus Limited'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 391.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX353.04 Million | 102.09% |
| Total Equity | GBX345.80 Million | 100.00% |
Invesco Bond Income Plus Limited Competitors by Market Cap
The table below lists competitors of Invesco Bond Income Plus Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MoneyOnMobile Inc
PINK:MOMT
|
$194.05 |
|
JLF INVESTMENT
BE:CP2
|
$194.09 |
|
CAFCA LIMITED
XZIM:CAFCA
|
$194.37 |
|
Henderson International Income Trust PLC
LSE:HINT
|
$194.70 |
|
ABERDEEN INTL
BE:A8H
|
$193.82 |
|
WANLD
PINK:WANLD
|
$192.98 |
|
HENGDELI HLDGS
MU:XYUA
|
$192.92 |
|
Livecare Corp
PINK:LVCE
|
$192.24 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Invesco Bond Income Plus Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 304,629,000 to 345,799,000, a change of 41,170,000 (13.5%).
- Net income of 26,582,000 contributed positively to equity growth.
- Dividend payments of 22,174,000 reduced retained earnings.
- New share issuances of 36,856,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX26.58 Million | +7.69% |
| Dividends Paid | GBX22.17 Million | -6.41% |
| Share Issuances | GBX36.86 Million | +10.66% |
| Other Changes | GBX-94.00K | -0.03% |
| Total Change | GBX- | 13.51% |
Book Value vs Market Value Analysis
This analysis compares Invesco Bond Income Plus Limited'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: 97.16x
- 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 532.22x to 97.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | GBX0.32 | GBX172.50 | x |
| 2005-03-31 | GBX0.46 | GBX172.50 | x |
| 2006-12-31 | GBX1.87 | GBX172.50 | x |
| 2007-12-31 | GBX1.80 | GBX172.50 | x |
| 2008-12-31 | GBX1.04 | GBX172.50 | x |
| 2009-12-31 | GBX1.84 | GBX172.50 | x |
| 2010-12-31 | GBX1.69 | GBX172.50 | x |
| 2011-12-31 | GBX1.46 | GBX172.50 | x |
| 2012-12-31 | GBX1.71 | GBX172.50 | x |
| 2013-12-31 | GBX1.84 | GBX172.50 | x |
| 2014-12-31 | GBX1.92 | GBX172.50 | x |
| 2015-12-31 | GBX1.84 | GBX172.50 | x |
| 2016-12-31 | GBX1.96 | GBX172.50 | x |
| 2017-12-31 | GBX1.99 | GBX172.50 | x |
| 2018-12-31 | GBX1.80 | GBX172.50 | x |
| 2019-12-31 | GBX1.96 | GBX172.50 | x |
| 2020-12-31 | GBX0.73 | GBX172.50 | x |
| 2021-12-31 | GBX1.21 | GBX172.50 | x |
| 2022-12-31 | GBX1.67 | GBX172.50 | x |
| 2023-12-31 | GBX1.72 | GBX172.50 | x |
| 2024-12-31 | GBX1.78 | GBX172.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Invesco Bond Income Plus Limited 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): 7.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.08%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.14x
- Recent ROE (7.69%) is below the historical average (10.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 124.37% | 82.31% | 0.72x | 2.11x | GBX10.33 Million |
| 2005 | 29.41% | 80.39% | 0.36x | 1.00x | GBX2.48 Million |
| 2006 | 10.79% | 84.30% | 0.11x | 1.12x | GBX693.70K |
| 2007 | 0.98% | 33.56% | 0.03x | 1.16x | GBX-8.14 Million |
| 2008 | -58.74% | 0.00% | -0.41x | 1.34x | GBX-39.36 Million |
| 2009 | 38.04% | 101.86% | 0.34x | 1.10x | GBX31.98 Million |
| 2010 | 14.27% | 87.15% | 0.16x | 1.01x | GBX5.26 Million |
| 2011 | -8.87% | 0.00% | -0.04x | 1.01x | GBX-20.00 Million |
| 2012 | 12.01% | 97.65% | 0.12x | 1.00x | GBX2.51 Million |
| 2013 | 12.40% | 97.19% | 0.13x | 1.00x | GBX3.22 Million |
| 2014 | 4.68% | 92.75% | 0.05x | 1.00x | GBX-7.89 Million |
| 2015 | 2.53% | 87.01% | 0.03x | 1.01x | GBX-11.51 Million |
| 2016 | 10.72% | 96.79% | 0.11x | 1.00x | GBX1.25 Million |
| 2017 | 7.97% | 96.72% | 0.08x | 1.00x | GBX-3.79 Million |
| 2018 | -3.76% | 0.00% | -0.03x | 1.01x | GBX-23.88 Million |
| 2019 | 11.90% | 97.83% | 0.12x | 1.00x | GBX3.65 Million |
| 2020 | 6.25% | 95.30% | 0.06x | 1.07x | GBX-7.41 Million |
| 2021 | 4.08% | 95.40% | 0.04x | 1.12x | GBX-19.35 Million |
| 2022 | -12.32% | 0.00% | -0.08x | 1.57x | GBX-62.73 Million |
| 2023 | 10.45% | 101.73% | 0.09x | 1.16x | GBX1.36 Million |
| 2024 | 7.69% | 82.08% | 0.08x | 1.14x | GBX-8.00 Million |
Industry Comparison
This section compares Invesco Bond Income Plus Limited'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 |
|---|---|---|---|---|
| Invesco Bond Income Plus Limited (BIPS) | GBX366.84 Million | 124.37% | 0.15x | $193.91 |
| 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 |