Baker Steel Resources Trust
Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.
Baker Steel Resources Trust (BSRT) - Net Assets
Latest net assets as of June 2025: GBX111.11 Million GBX
Based on the latest financial reports, Baker Steel Resources Trust (BSRT) has net assets worth GBX111.11 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 (GBX111.25 Million) and total liabilities (GBX146.36K). 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 | GBX111.11 Million |
| % of Total Assets | 99.87% |
| Annual Growth Rate | 2.42% |
| 5-Year Change | -7.74% |
| 10-Year Change | 149.04% |
| Growth Volatility | 23.44 |
Baker Steel Resources Trust - Net Assets Trend (2010–2024)
This chart illustrates how Baker Steel Resources 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 Baker Steel Resources Trust (2010–2024)
The table below shows the annual net assets of Baker Steel Resources Trust from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX95.48 Million | +16.21% |
| 2023-12-31 | GBX82.16 Million | -2.75% |
| 2022-12-31 | GBX84.48 Million | -19.39% |
| 2021-12-31 | GBX104.80 Million | +1.26% |
| 2020-12-31 | GBX103.49 Million | +31.35% |
| 2019-12-31 | GBX78.79 Million | +19.33% |
| 2018-12-31 | GBX66.03 Million | +0.15% |
| 2017-12-31 | GBX65.93 Million | +18.57% |
| 2016-12-31 | GBX55.61 Million | +45.05% |
| 2015-12-31 | GBX38.34 Million | +19.18% |
| 2014-12-31 | GBX32.17 Million | -21.53% |
| 2013-12-31 | GBX40.99 Million | -43.23% |
| 2012-12-31 | GBX72.20 Million | -16.75% |
| 2011-12-31 | GBX86.72 Million | +27.02% |
| 2010-12-31 | GBX68.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Baker Steel Resources 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX76.12 Million | 79.73% |
| Other Components | GBX19.35 Million | 20.27% |
| Total Equity | GBX95.48 Million | 100.00% |
Baker Steel Resources Trust Competitors by Market Cap
The table below lists competitors of Baker Steel Resources Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biotech Medics Ne
PINK:BMCS
|
$138.28 |
|
MALACHITE RESOURCES
BE:MUW
|
$138.32 |
|
Real Estate Credit Investments Limited
LSE:RECI
|
$138.86 |
|
PREMIER PAINTS PLC
XNSA:PREMPAINTS
|
$138.94 |
|
Puma VCT 13 PLC
LSE:PU13
|
$138.13 |
|
AHLERS - Dusseldorf Stock Exchang
DU:AAH
|
$137.88 |
|
Aeon Ventures Inc
PINK:IDEA
|
$137.82 |
|
Big Screen Entertainment Group Inc
PINK:BSEG
|
$137.75 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baker Steel Resources Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 82,159,579 to 95,476,374, a change of 13,316,795 (16.2%).
- Net income of 13,316,795 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,058,078.
- Other factors decreased equity by 2,058,078.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX13.32 Million | +13.95% |
| Other Comprehensive Income | GBX2.06 Million | +2.16% |
| Other Changes | GBX-2.06 Million | -2.16% |
| Total Change | GBX- | 16.21% |
Book Value vs Market Value Analysis
This analysis compares Baker Steel Resources 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: 127.12x
- 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 113.99x to 127.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | GBX1.00 | GBX114.00 | x |
| 2011-12-31 | GBX1.27 | GBX114.00 | x |
| 2012-12-31 | GBX1.09 | GBX114.00 | x |
| 2013-12-31 | GBX0.62 | GBX114.00 | x |
| 2014-12-31 | GBX0.45 | GBX114.00 | x |
| 2015-12-31 | GBX0.34 | GBX114.00 | x |
| 2016-12-31 | GBX0.48 | GBX114.00 | x |
| 2017-12-31 | GBX0.57 | GBX114.00 | x |
| 2018-12-31 | GBX0.57 | GBX114.00 | x |
| 2019-12-31 | GBX0.72 | GBX114.00 | x |
| 2020-12-31 | GBX0.97 | GBX114.00 | x |
| 2021-12-31 | GBX0.98 | GBX114.00 | x |
| 2022-12-31 | GBX0.79 | GBX114.00 | x |
| 2023-12-31 | GBX0.77 | GBX114.00 | x |
| 2024-12-31 | GBX0.90 | GBX114.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baker Steel Resources 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): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.68%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.00x
- Recent ROE (13.95%) is above the historical average (-2.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 5.29% | 86.17% | 0.06x | 1.00x | GBX-3.22 Million |
| 2011 | 21.27% | 93.41% | 0.22x | 1.04x | GBX9.77 Million |
| 2012 | -20.27% | 0.00% | -0.19x | 1.05x | GBX-21.85 Million |
| 2013 | -76.14% | 0.00% | -0.75x | 1.00x | GBX-35.31 Million |
| 2014 | -34.20% | 0.00% | -0.32x | 1.01x | GBX-14.22 Million |
| 2015 | -19.41% | 0.00% | -0.18x | 1.00x | GBX-11.28 Million |
| 2016 | 30.22% | 97.00% | 0.31x | 1.00x | GBX11.24 Million |
| 2017 | 15.66% | 95.27% | 0.16x | 1.00x | GBX3.73 Million |
| 2018 | 0.15% | 16.76% | 0.01x | 1.00x | GBX-6.51 Million |
| 2019 | 22.49% | 97.14% | 0.23x | 1.00x | GBX9.82 Million |
| 2020 | 23.99% | 97.74% | 0.24x | 1.00x | GBX14.48 Million |
| 2021 | 1.25% | 68.11% | 0.02x | 1.00x | GBX-9.17 Million |
| 2022 | -24.05% | 0.00% | -0.23x | 1.00x | GBX-28.76 Million |
| 2023 | -2.83% | -34.67% | 0.08x | 1.00x | GBX-10.54 Million |
| 2024 | 13.95% | 94.68% | 0.15x | 1.00x | GBX3.77 Million |
Industry Comparison
This section compares Baker Steel Resources 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 |
|---|---|---|---|---|
| Baker Steel Resources Trust (BSRT) | GBX111.11 Million | 5.29% | 0.00x | $138.25 |
| 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 |