BlackRock Frontiers Investment Trust plc (BRFI) - Net Assets
Based on the latest financial reports, BlackRock Frontiers Investment Trust plc (BRFI) has net assets worth GBX446.74 Million GBX (≈ $54.36K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX466.28 Million ≈ $56.73K USD) and total liabilities (GBX19.54 Million ≈ $2.38K 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. Check BlackRock Frontiers Investment Trust plc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX446.74 Million |
| % of Total Assets | 95.81% |
| Annual Growth Rate | 10.13% |
| 5-Year Change | 26.63% |
| 10-Year Change | 61.63% |
| Growth Volatility | 28.1 |
BlackRock Frontiers Investment Trust plc - Net Assets Trend (2011–2025)
This chart illustrates how BlackRock Frontiers Investment Trust plc's net assets have evolved over time, based on quarterly financial data. Also explore BlackRock Frontiers Investment Trust plc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for BlackRock Frontiers Investment Trust plc (2011–2025)
The table below shows the annual net assets of BlackRock Frontiers Investment Trust plc from 2011 to 2025. For live valuation and market cap data, see BRFI stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | GBX446.74 Million ≈ $54.36K |
+9.97% |
| 2024-09-30 | GBX406.24 Million ≈ $49.43K |
+11.73% |
| 2023-09-30 | GBX363.60 Million ≈ $44.24K |
+20.14% |
| 2022-09-30 | GBX302.66 Million ≈ $36.82K |
-14.21% |
| 2021-09-30 | GBX352.78 Million ≈ $42.92K |
+15.29% |
| 2020-09-30 | GBX305.98 Million ≈ $37.23K |
-23.66% |
| 2019-09-30 | GBX400.82 Million ≈ $48.77K |
+12.43% |
| 2018-09-30 | GBX356.50 Million ≈ $43.38K |
+1.78% |
| 2017-09-30 | GBX350.25 Million ≈ $42.61K |
+26.72% |
| 2016-09-30 | GBX276.40 Million ≈ $33.63K |
+14.03% |
| 2015-09-30 | GBX242.40 Million ≈ $29.49K |
-20.82% |
| 2014-09-30 | GBX306.13 Million ≈ $37.25K |
+19.94% |
| 2013-09-30 | GBX255.23 Million ≈ $31.05K |
+98.99% |
| 2012-09-30 | GBX128.26 Million ≈ $15.61K |
+10.91% |
| 2011-09-30 | GBX115.65 Million ≈ $14.07K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock Frontiers 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX2.42 Million | 0.54% |
| Other Components | GBX444.32 Million | 99.46% |
| Total Equity | GBX446.74 Million | 100.00% |
BlackRock Frontiers Investment Trust plc Competitors by Market Cap
The table below lists competitors of BlackRock Frontiers Investment Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Atlantic Resources Corp
V:GR
|
$3.75 Million |
|
Invion Ltd
AU:IVX
|
$3.76 Million |
|
Cosmo Metals Ltd
AU:CMO
|
$3.76 Million |
|
AGS Transact Technologies Limited
NSE:AGSTRA
|
$3.77 Million |
|
Reklaim Ltd
V:MYID
|
$3.75 Million |
|
Oriental Culture Holding Ltd
NASDAQ:OCG
|
$3.75 Million |
|
Minco Capital Corp
V:MMM
|
$3.75 Million |
|
BIOVAXYS TECHNOLOGY CORP.
F:5LB
|
$3.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock Frontiers Investment Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 406,243,000 to 446,738,000, a change of 40,495,000 (10.0%).
- Net income of 45,087,967 contributed positively to equity growth.
- Dividend payments of 18,265,000 reduced retained earnings.
- Share repurchases of 81,954 reduced equity.
- Other comprehensive income decreased equity by 314,602,000.
- Other factors increased equity by 328,355,987.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX45.09 Million | +10.09% |
| Dividends Paid | GBX18.27 Million | -4.09% |
| Share Repurchases | GBX81.95K | -0.02% |
| Other Comprehensive Income | GBX-314.60 Million | -70.42% |
| Other Changes | GBX328.36 Million | +73.5% |
| Total Change | GBX- | 9.97% |
Book Value vs Market Value Analysis
This analysis compares BlackRock Frontiers 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: 79.87x
- 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 154.46x to 79.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-09-30 | GBX1.22 | GBX188.50 | x |
| 2012-09-30 | GBX1.35 | GBX188.50 | x |
| 2013-09-30 | GBX2.67 | GBX188.50 | x |
| 2014-09-30 | GBX2.03 | GBX188.50 | x |
| 2015-09-30 | GBX1.61 | GBX188.50 | x |
| 2016-09-30 | GBX1.75 | GBX188.50 | x |
| 2017-09-30 | GBX2.06 | GBX188.50 | x |
| 2018-09-30 | GBX1.87 | GBX188.50 | x |
| 2019-09-30 | GBX1.75 | GBX188.50 | x |
| 2020-09-30 | GBX1.27 | GBX188.50 | x |
| 2021-09-30 | GBX1.68 | GBX188.50 | x |
| 2022-09-30 | GBX1.44 | GBX188.50 | x |
| 2023-09-30 | GBX1.92 | GBX188.50 | x |
| 2024-09-30 | GBX2.15 | GBX188.50 | x |
| 2025-09-30 | GBX2.36 | GBX188.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock Frontiers 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): 10.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.54%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.04x
- Recent ROE (10.09%) is above the historical average (4.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -24.23% | 0.00% | -0.20x | 1.12x | GBX-39.59 Million |
| 2012 | 12.95% | 94.94% | 0.13x | 1.07x | GBX3.79 Million |
| 2013 | 15.62% | 97.12% | 0.15x | 1.08x | GBX14.35 Million |
| 2014 | 17.73% | 96.51% | 0.17x | 1.07x | GBX23.67 Million |
| 2015 | -22.32% | 0.00% | -0.21x | 1.05x | GBX-78.34 Million |
| 2016 | 8.38% | 92.38% | 0.09x | 1.02x | GBX-4.47 Million |
| 2017 | 17.19% | 86.71% | 0.19x | 1.05x | GBX25.18 Million |
| 2018 | -8.23% | 0.00% | -0.09x | 1.03x | GBX-64.99 Million |
| 2019 | -1.67% | 0.00% | -0.01x | 1.02x | GBX-46.76 Million |
| 2020 | -25.47% | 0.00% | -0.24x | 1.02x | GBX-108.54 Million |
| 2021 | 42.37% | 98.57% | 0.41x | 1.06x | GBX114.19 Million |
| 2022 | -12.18% | 0.00% | -0.11x | 1.03x | GBX-67.13 Million |
| 2023 | 20.59% | 97.04% | 0.20x | 1.07x | GBX38.50 Million |
| 2024 | 14.41% | 76.11% | 0.18x | 1.04x | GBX17.92 Million |
| 2025 | 10.09% | 72.54% | 0.13x | 1.04x | GBX414.17K |
Industry Comparison
This section compares BlackRock Frontiers 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: $420,069,800
- Average return on equity (ROE) among peers: -11.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock Frontiers Investment Trust plc (BRFI) | GBX446.74 Million | -24.23% | 0.04x | $3.75 Million |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $123.37 Million | 11.99% | 0.13x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $383.74 Million | 15.87% | 0.12x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $92.02 Million | 11.05% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $250.00 Million | -182.40% | 407.06x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $158.28 Million | -8.46% | 0.01x | $401.50 |
About BlackRock Frontiers Investment Trust plc
BlackRock Frontiers Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of frontier market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in stocks of companies … Read more