Baker Steel Resources Trust Net Assets
Baker Steel Resources Trust net assets. Based on the latest financial reports, Baker Steel Resources Trust (BSRT) has net assets worth GBX145.91 Million GBX (≈ $17.75K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX146.09 Million ≈ $17.78K USD) and total liabilities (GBX184.80K ≈ $22.48 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. Also explore BSRT net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX145.91 Million |
| % of Total Assets | 99.87% |
| Annual Growth Rate | 5.19% |
| 5-Year Change | 39.23% |
| 10-Year Change | 162.39% |
| Growth Volatility | 25.56 |
Net Assets of Baker Steel Resources Trust (2010–2025)
Net assets of Baker Steel Resources Trust from 2010 to 2025. This chart illustrates how Baker Steel Resources Trust's net assets have evolved over time, based on quarterly financial data. See BSRT equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Baker Steel Resources Trust (2010–2025)
The table below shows the annual net assets of Baker Steel Resources Trust from 2010 to 2025. For live market cap and overall valuation, see Baker Steel Resources Trust market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX145.91 Million ≈ $17.75K |
+52.82% |
| 2024-12-31 | GBX95.48 Million ≈ $11.62K |
+16.21% |
| 2023-12-31 | GBX82.16 Million ≈ $10.00K |
-2.75% |
| 2022-12-31 | GBX84.48 Million ≈ $10.28K |
-19.39% |
| 2021-12-31 | GBX104.80 Million ≈ $12.75K |
+1.26% |
| 2020-12-31 | GBX103.49 Million ≈ $12.59K |
+31.35% |
| 2019-12-31 | GBX78.79 Million ≈ $9.59K |
+19.33% |
| 2018-12-31 | GBX66.03 Million ≈ $8.03K |
+0.15% |
| 2017-12-31 | GBX65.93 Million ≈ $8.02K |
+18.57% |
| 2016-12-31 | GBX55.61 Million ≈ $6.77K |
+45.05% |
| 2015-12-31 | GBX38.34 Million ≈ $4.66K |
+19.18% |
| 2014-12-31 | GBX32.17 Million ≈ $3.91K |
-21.53% |
| 2013-12-31 | GBX40.99 Million ≈ $4.99K |
-43.23% |
| 2012-12-31 | GBX72.20 Million ≈ $8.78K |
-16.75% |
| 2011-12-31 | GBX86.72 Million ≈ $10.55K |
+27.02% |
| 2010-12-31 | GBX68.27 Million ≈ $8.31K |
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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 grown by 94.7% over the analyzed period, indicating profitable operations and earnings retention.
Baker Steel Resources Trust Net Assets Breakdown (December 2025)
Baker Steel Resources Trust net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX7.03 Million | 4.82% |
| Common Stock | GBX76.12 Million | 52.17% |
| Other Comprehensive Income | GBX62.90 Million | 43.11% |
| Total Equity | GBX145.91 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 |
|---|---|
|
Next Biometrics Group ASA
OL:NEXT
|
$1.51 Million |
|
Montanaro UK Smaller Companies Investment Trust PLC
LSE:MTU
|
$1.51 Million |
|
AfriTin Mining Ltd
LSE:ATM
|
$1.51 Million |
|
BELGRAVIA HARTFORD CAP.
F:ECA
|
$1.51 Million |
|
Foresight Autonomous Holdings Ltd
TA:FRSX
|
$1.51 Million |
|
BBS-Bioactive Bone Substitutes Oyj
HE:BONEH
|
$1.50 Million |
|
WILDCAT PRETR.LS -000028
F:8Y6
|
$1.50 Million |
|
Diablo Resources Ltd
AU:DBO
|
$1.50 Million |
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 2024 to 2025, total equity changed from 95,476,374 to 145,908,496, a change of 50,432,122 (52.8%).
- Net income of 50,432,122 contributed positively to equity growth.
- Other comprehensive income increased equity by 62,899,790.
- Other factors decreased equity by 62,899,790.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX50.43 Million | +34.56% |
| Other Comprehensive Income | GBX62.90 Million | +43.11% |
| Other Changes | GBX-62.90 Million | -43.11% |
| Total Change | GBX- | 52.82% |
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: 86.10x
- 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 117.99x to 86.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | GBX1.00 | GBX118.00 | x |
| 2011-12-31 | GBX1.27 | GBX118.00 | x |
| 2012-12-31 | GBX1.09 | GBX118.00 | x |
| 2013-12-31 | GBX0.62 | GBX118.00 | x |
| 2014-12-31 | GBX0.45 | GBX118.00 | x |
| 2015-12-31 | GBX0.34 | GBX118.00 | x |
| 2016-12-31 | GBX0.48 | GBX118.00 | x |
| 2017-12-31 | GBX0.57 | GBX118.00 | x |
| 2018-12-31 | GBX0.57 | GBX118.00 | x |
| 2019-12-31 | GBX0.72 | GBX118.00 | x |
| 2020-12-31 | GBX0.97 | GBX118.00 | x |
| 2021-12-31 | GBX0.98 | GBX118.00 | x |
| 2022-12-31 | GBX0.79 | GBX118.00 | x |
| 2023-12-31 | GBX0.77 | GBX118.00 | x |
| 2024-12-31 | GBX0.90 | GBX118.00 | x |
| 2025-12-31 | GBX1.37 | GBX118.00 | 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): 34.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.01x
- • Equity Multiplier: 1.00x
- Recent ROE (34.56%) is above the historical average (-0.51%), 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 |
| 2025 | 34.56% | 0.00% | -0.01x | 1.00x | GBX35.84 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: $780,020,800
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baker Steel Resources Trust (BSRT) | GBX145.91 Million | 5.29% | 0.00x | $1.51 Million |
| 3I Infrastructure PLC (3IN) | $1.28 Billion | 13.01% | 0.05x | $44.72 Million |
| Albion Enterprise VCT PLC (AAEV) | $86.21 Million | 10.71% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $398.87 Million | 2.19% | 0.09x | $4.96 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $6.86 Million |
| Albion Technology & General VCT PLC (AATG) | $16.66 Million | 2.55% | 0.03x | $3.06 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $50.17 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $642.23 Million | 0.00% | 0.19x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $35.87 Million | -1.49% | 0.02x | $213.04K |
| Aquila European Renewables Income PLC (AERI) | $158.92 Million | 0.00% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $99.10 Million | 19.77% | 0.03x | $446.17 |
About Baker Steel Resources Trust
Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.