Brunner Investment Trust (BUT) - Net Assets

Latest as of May 2024: GBX591.80 Million GBX ≈ $72.00K USD

Based on the latest financial reports, Brunner Investment Trust (BUT) has net assets worth GBX591.80 Million GBX (≈ $72.00K USD) as of May 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX616.90 Million ≈ $75.06K USD) and total liabilities (GBX25.11 Million ≈ $3.05K 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 BUT financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX591.80 Million
% of Total Assets 95.93%
Annual Growth Rate 2.12%
5-Year Change 9816.04%
10-Year Change 10004.16%
Growth Volatility 1866.03

Brunner Investment Trust - Net Assets Trend (2000–2023)

This chart illustrates how Brunner Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore Brunner Investment Trust assets under control for the complete picture of this company's asset base.

Annual Net Assets for Brunner Investment Trust (2000–2023)

The table below shows the annual net assets of Brunner Investment Trust from 2000 to 2023. For live valuation and market cap data, see Brunner Investment Trust market cap and net worth.

Year Net Assets Change
2023-11-30 GBX528.21 Million
≈ $64.27K		 +5.13%
2022-11-30 GBX502.45 Million
≈ $61.13K		 +9332.50%
2021-11-30 GBX5.33 Million
≈ $648.12		 0.00%
2020-11-30 GBX5.33 Million
≈ $648.12		 0.00%
2019-11-30 GBX5.33 Million
≈ $648.12		 0.00%
2018-11-30 GBX5.33 Million
≈ $648.12		 0.00%
2017-11-30 GBX5.33 Million
≈ $648.12		 +0.78%
2016-11-30 GBX5.29 Million
≈ $643.10		 +0.74%
2015-11-30 GBX5.25 Million
≈ $638.40		 +0.37%
2014-11-30 GBX5.23 Million
≈ $636.05		 0.00%
2013-11-30 GBX5.23 Million
≈ $636.05		 +0.74%
2012-11-30 GBX5.19 Million
≈ $631.38		 -97.46%
2011-11-30 GBX204.58 Million
≈ $24.89K		 -6.05%
2010-11-30 GBX217.75 Million
≈ $26.49K		 +5.45%
2009-11-30 GBX206.49 Million
≈ $25.12K		 +22.88%
2008-11-30 GBX168.04 Million
≈ $20.45K		 -38.18%
2007-11-30 GBX271.82 Million
≈ $33.07K		 +12.74%
2006-11-30 GBX241.11 Million
≈ $29.34K		 +6.83%
2005-11-30 GBX225.70 Million
≈ $27.46K		 +18.00%
2004-11-30 GBX191.27 Million
≈ $23.27K		 +0.85%
2003-11-30 GBX189.66 Million
≈ $23.08K		 +0.15%
2002-11-30 GBX189.38 Million
≈ $23.04K		 -19.90%
2002-05-31 GBX236.44 Million
≈ $28.77K		 -6.93%
2001-11-30 GBX254.06 Million
≈ $30.91K		 -22.09%
2000-11-30 GBX326.10 Million
≈ $39.68K		 --

Equity Component Analysis

This analysis shows how different components contribute to Brunner 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 206.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (November 2023)

Component Amount Percentage
Retained Earnings GBX17.58 Million 3.33%
Common Stock GBX10.67 Million 2.02%
Other Comprehensive Income GBX5.33 Million 1.01%
Other Components GBX494.63 Million 93.64%
Total Equity GBX528.21 Million 100.00%

Brunner Investment Trust Competitors by Market Cap

The table below lists competitors of Brunner Investment Trust ranked by their market capitalization.

Company Market Cap
UNITEDLABELS Aktiengesellschaft
F:ULC
 $7.80 Million
Lincoln Mining Corp
V:LMG
 $7.81 Million
Kibo Energy PLC
JSE:KBO
 $7.82 Million
Intertainment AG
XETRA:ITN
 $7.82 Million
FBS Global Limited Ordinary Shares
NASDAQ:FBGL
 $7.79 Million
Aterian Inc
NASDAQ:ATER
 $7.79 Million
MILA RESOUR. PLC LS-01
F:HN0
 $7.79 Million
Grolleau SAS
PA:ALGRO
 $7.79 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Brunner Investment Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 502,452,284 to 528,209,758, a change of 25,757,474 (5.1%).
  • Net income of 40,630,830 contributed positively to equity growth.
  • Dividend payments of 9,542,977 reduced retained earnings.
  • Other factors decreased equity by 5,330,379.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income GBX40.63 Million +7.69%
Dividends Paid GBX9.54 Million -1.81%
Other Changes GBX-5.33 Million -1.01%
Total Change GBX- 5.13%

Book Value vs Market Value Analysis

This analysis compares Brunner 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: 120.59x
  • 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 460.63x to 120.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-11-30 GBX3.24 GBX1492.00 x
2003-11-30 GBX3.44 GBX1492.00 x
2004-11-30 GBX3.65 GBX1492.00 x
2005-11-30 GBX4.40 GBX1492.00 x
2006-11-30 GBX4.90 GBX1492.00 x
2007-11-30 GBX5.66 GBX1492.00 x
2008-11-30 GBX3.56 GBX1492.00 x
2009-11-30 GBX4.42 GBX1492.00 x
2010-11-30 GBX4.72 GBX1492.00 x
2011-11-30 GBX4.57 GBX1492.00 x
2012-11-30 GBX0.12 GBX1492.00 x
2013-11-30 GBX0.12 GBX1492.00 x
2014-11-30 GBX0.12 GBX1492.00 x
2015-11-30 GBX0.12 GBX1492.00 x
2016-11-30 GBX0.12 GBX1492.00 x
2017-11-30 GBX0.12 GBX1492.00 x
2018-11-30 GBX0.12 GBX1492.00 x
2019-11-30 GBX0.12 GBX1492.00 x
2020-11-30 GBX0.12 GBX1492.00 x
2021-11-30 GBX0.12 GBX1492.00 x
2022-11-30 GBX11.77 GBX1492.00 x
2023-11-30 GBX12.37 GBX1492.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Brunner 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): 7.69%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 87.05%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 1.07x
  • Recent ROE (7.69%) is below the historical average (321.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 -28.85% 0.00% -0.20x 1.31x GBX-73.58 Million
2003 5.50% 63.36% 0.07x 1.27x GBX-8.53 Million
2004 6.94% 67.76% 0.08x 1.27x GBX-5.85 Million
2005 19.69% 87.20% 0.18x 1.23x GBX21.87 Million
2006 10.54% 78.75% 0.11x 1.22x GBX1.30 Million
2007 15.10% 86.17% 2.80x 0.06x GBX13.87 Million
2008 -57.56% 0.00% -0.41x 1.31x GBX-113.54 Million
2009 21.90% 89.91% 0.19x 1.25x GBX24.57 Million
2010 9.11% 79.52% 0.09x 1.23x GBX-1.93 Million
2011 0.45% 12.72% 0.03x 1.25x GBX-19.54 Million
2012 577.66% 97.79% 0.55x 10.65x GBX29.46 Million
2013 917.47% 98.37% 0.89x 10.53x GBX47.44 Million
2014 313.72% 94.68% 0.32x 10.49x GBX15.88 Million
2015 43.78% 72.20% 0.06x 10.40x GBX1.77 Million
2016 989.07% 97.84% 0.98x 10.28x GBX51.75 Million
2017 1081.00% 97.86% 1.64x 6.74x GBX57.05 Million
2018 -4.26% -20.93% 0.04x 5.04x GBX-759.51K
2019 972.01% 97.33% 1.43x 6.97x GBX51.24 Million
2020 504.06% 94.53% 0.93x 5.71x GBX26.32 Million
2021 1669.71% 97.95% 2.12x 8.03x GBX88.41 Million
2022 0.72% 64.91% 0.01x 1.06x GBX-46.62 Million
2023 7.69% 87.05% 0.08x 1.07x GBX-12.19 Million

Industry Comparison

This section compares Brunner Investment Trust's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $745,852,800
  • Average return on equity (ROE) among peers: 2.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Brunner Investment Trust (BUT) GBX591.80 Million -28.85% 0.04x $7.80 Million
3I Infrastructure PLC (3IN) $1.20 Billion 4.98% 0.15x $42.14 Million
Albion Enterprise VCT PLC (AAEV) $61.87 Million 11.55% 0.03x $3.29 Million
abrdn Asian Income Fund Limited (AAIF) $431.87 Million 14.17% 0.08x $5.17 Million
Abrdn Asia Focus PLC (AAS) $98.67 Million 9.82% 0.09x $7.49 Million
Albion Technology & General VCT PLC (AATG) $64.83 Million 5.63% 0.01x $3.22 Million
Abrdn PLC (ABDN) $4.56 Billion 10.22% 39.48x $45.21 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $426.87 Million 6.29% 0.20x $450.86K
Aquila Energy Efficiency Trust PLC (AEET) $69.67 Million -2.91% 0.02x $261.59K
Aquila European Renewables Income PLC (AERI) $372.54 Million -8.03% 0.00x $79.35 Million
Artemis UK Future Leaders plc (AFL) $174.91 Million -21.80% 0.02x $415.29

About Brunner Investment Trust

LSE:BUT UK Asset Management
Market Cap
$7.80 Million
GBX64.10 Billion GBX
Market Cap Rank
#27448 Global
#385 in UK
Share Price
GBX1492.00
Change (1 day)
-1.32%
52-Week Range
GBX1344.00 - GBX1512.00
All Time High
GBX1525.00
Categories
Companies in UK Asset Management Banking & Financial
About

The Brunner Investment Trust PLC is an open-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. 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 growth stocks of companies. It focuses on factors such as business models, products and/or ser… Read more