Bankers Investment Trust
The Bankers Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying value stocks of large and m… Read more
Bankers Investment Trust (BNKR) - Net Assets
Latest net assets as of April 2024: GBX1.45 Billion GBX
Based on the latest financial reports, Bankers Investment Trust (BNKR) has net assets worth GBX1.45 Billion GBX as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.59 Billion) and total liabilities (GBX134.76 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 | GBX1.45 Billion |
| % of Total Assets | 91.52% |
| Annual Growth Rate | 4.3% |
| 5-Year Change | 14.64% |
| 10-Year Change | 99.57% |
| Growth Volatility | 15.45 |
Bankers Investment Trust - Net Assets Trend (2000–2023)
This chart illustrates how Bankers Investment 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 Bankers Investment Trust (2000–2023)
The table below shows the annual net assets of Bankers Investment Trust from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | GBX1.33 Billion | -1.99% |
| 2022-10-31 | GBX1.36 Billion | -14.48% |
| 2021-10-31 | GBX1.59 Billion | +25.88% |
| 2020-10-31 | GBX1.26 Billion | +8.66% |
| 2019-10-31 | GBX1.16 Billion | +9.57% |
| 2018-10-31 | GBX1.06 Billion | -1.48% |
| 2017-10-31 | GBX1.08 Billion | +16.27% |
| 2016-10-31 | GBX926.74 Million | +30.04% |
| 2015-10-31 | GBX712.63 Million | +6.65% |
| 2014-10-31 | GBX668.20 Million | +2.24% |
| 2013-10-31 | GBX653.56 Million | +24.20% |
| 2012-10-31 | GBX526.21 Million | +6.02% |
| 2011-10-31 | GBX496.33 Million | -1.12% |
| 2010-10-31 | GBX501.95 Million | +11.83% |
| 2009-10-31 | GBX448.86 Million | +16.39% |
| 2008-10-31 | GBX385.66 Million | -32.46% |
| 2007-10-31 | GBX571.02 Million | +10.80% |
| 2006-10-31 | GBX515.36 Million | +18.30% |
| 2005-10-31 | GBX435.62 Million | +15.99% |
| 2004-10-31 | GBX375.56 Million | +5.16% |
| 2003-10-31 | GBX357.15 Million | +13.53% |
| 2002-10-31 | GBX314.59 Million | -16.72% |
| 2001-10-31 | GBX377.76 Million | -25.48% |
| 2000-10-31 | GBX506.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bankers Investment 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 167.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX43.51 Million | 3.26% |
| Common Stock | GBX32.88 Million | 2.47% |
| Other Comprehensive Income | GBX12.49 Million | 0.94% |
| Other Components | GBX1.24 Billion | 93.34% |
| Total Equity | GBX1.33 Billion | 100.00% |
Bankers Investment Trust Competitors by Market Cap
The table below lists competitors of Bankers Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADDvantage Technologies Group Inc
PINK:AEYGQ
|
$148.54 |
|
One Step Vending Corp
PINK:KOSK
|
$148.56 |
|
MRC Allied Inc
PSE:MRC
|
$149.21 |
|
New Star Investment Trust plc
LSE:NSI
|
$149.30 |
|
Vaporbrands Intl Inc
PINK:VAPR
|
$148.27 |
|
WAHANA OTTOMITRA
MU:WB7
|
$148.01 |
|
Physiomics Plc
LSE:PYC
|
$147.57 |
|
International Public Partnership
LSE:INPP
|
$147.35 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bankers Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,360,666,000 to 1,333,523,000, a change of -27,143,000 (-2.0%).
- Net income of 64,557,000 contributed positively to equity growth.
- Dividend payments of 31,216,000 reduced retained earnings.
- Share repurchases of 59,579,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX64.56 Million | +4.84% |
| Dividends Paid | GBX31.22 Million | -2.34% |
| Share Repurchases | GBX59.58 Million | -4.47% |
| Other Changes | GBX-905.00K | -0.07% |
| Total Change | GBX- | -1.99% |
Book Value vs Market Value Analysis
This analysis compares Bankers Investment 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: 125.92x
- 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 529.41x to 125.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-10-31 | GBX0.25 | GBX132.00 | x |
| 2003-10-31 | GBX0.28 | GBX132.00 | x |
| 2004-10-31 | GBX0.30 | GBX132.00 | x |
| 2005-10-31 | GBX0.36 | GBX132.00 | x |
| 2006-10-31 | GBX0.44 | GBX132.00 | x |
| 2007-10-31 | GBX0.49 | GBX132.00 | x |
| 2008-10-31 | GBX0.34 | GBX132.00 | x |
| 2009-10-31 | GBX0.40 | GBX132.00 | x |
| 2010-10-31 | GBX0.45 | GBX132.00 | x |
| 2011-10-31 | GBX0.45 | GBX132.00 | x |
| 2012-10-31 | GBX0.47 | GBX132.00 | x |
| 2013-10-31 | GBX0.59 | GBX132.00 | x |
| 2014-10-31 | GBX0.60 | GBX132.00 | x |
| 2015-10-31 | GBX0.64 | GBX132.00 | x |
| 2016-10-31 | GBX0.78 | GBX132.00 | x |
| 2017-10-31 | GBX0.88 | GBX132.00 | x |
| 2018-10-31 | GBX0.87 | GBX132.00 | x |
| 2019-10-31 | GBX0.95 | GBX132.00 | x |
| 2020-10-31 | GBX0.99 | GBX132.00 | x |
| 2021-10-31 | GBX1.21 | GBX132.00 | x |
| 2022-10-31 | GBX1.04 | GBX132.00 | x |
| 2023-10-31 | GBX1.05 | GBX132.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bankers Investment 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): 4.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.12%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.11x
- Recent ROE (4.84%) is below the historical average (8.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.41% | 90.59% | 0.14x | 1.15x | GBX15.74 Million |
| 2004 | 9.21% | 86.61% | 0.10x | 1.09x | GBX-2.96 Million |
| 2005 | 18.40% | 93.30% | 0.18x | 1.11x | GBX36.60 Million |
| 2006 | 18.96% | 93.89% | 0.19x | 1.05x | GBX46.17 Million |
| 2007 | 13.48% | 92.79% | 0.14x | 1.05x | GBX19.86 Million |
| 2008 | -43.93% | 0.00% | -0.40x | 1.07x | GBX-207.97 Million |
| 2009 | 17.68% | 94.79% | 0.18x | 1.06x | GBX34.47 Million |
| 2010 | 14.08% | 93.56% | 0.14x | 1.08x | GBX20.49 Million |
| 2011 | 1.68% | 61.17% | 0.03x | 1.06x | GBX-41.29 Million |
| 2012 | 8.52% | 95.08% | 0.09x | 1.05x | GBX-7.77 Million |
| 2013 | 21.50% | 98.13% | 0.21x | 1.05x | GBX75.15 Million |
| 2014 | 3.88% | 90.18% | 0.04x | 1.04x | GBX-40.89 Million |
| 2015 | 7.83% | 97.13% | 0.07x | 1.11x | GBX-15.44 Million |
| 2016 | 18.59% | 98.91% | 0.17x | 1.08x | GBX79.58 Million |
| 2017 | 16.06% | 98.53% | 0.15x | 1.07x | GBX65.25 Million |
| 2018 | 0.71% | 72.95% | 0.01x | 1.06x | GBX-98.57 Million |
| 2019 | 10.87% | 97.75% | 0.10x | 1.06x | GBX10.07 Million |
| 2020 | 4.73% | 95.32% | 0.05x | 1.05x | GBX-66.46 Million |
| 2021 | 20.83% | 98.87% | 0.19x | 1.09x | GBX171.90 Million |
| 2022 | -13.17% | 0.00% | -0.12x | 1.11x | GBX-315.24 Million |
| 2023 | 4.84% | 94.12% | 0.05x | 1.11x | GBX-68.80 Million |
Industry Comparison
This section compares Bankers Investment 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 |
|---|---|---|---|---|
| Bankers Investment Trust (BNKR) | GBX1.45 Billion | 14.41% | 0.09x | $148.50 |
| 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 |