Capital Gearing Trust
Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds. It also invests a p… Read more
Capital Gearing Trust (CGT) - Net Assets
Latest net assets as of September 2025: GBX822.24 Million GBX
Based on the latest financial reports, Capital Gearing Trust (CGT) has net assets worth GBX822.24 Million GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX825.50 Million) and total liabilities (GBX3.26 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 | GBX822.24 Million |
| % of Total Assets | 99.6% |
| Annual Growth Rate | 15.66% |
| 5-Year Change | 39.58% |
| 10-Year Change | 720.08% |
| Growth Volatility | 19.95 |
Capital Gearing Trust - Net Assets Trend (2000–2025)
This chart illustrates how Capital Gearing 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 Capital Gearing Trust (2000–2025)
The table below shows the annual net assets of Capital Gearing Trust from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX885.02 Million | -16.52% |
| 2024-03-31 | GBX1.06 Billion | -15.84% |
| 2023-03-31 | GBX1.26 Billion | +19.99% |
| 2022-03-31 | GBX1.05 Billion | +65.58% |
| 2021-03-31 | GBX634.05 Million | +34.89% |
| 2020-03-31 | GBX470.06 Million | +46.01% |
| 2019-03-31 | GBX321.93 Million | +46.63% |
| 2018-03-31 | GBX219.55 Million | +29.57% |
| 2017-03-31 | GBX169.44 Million | +57.01% |
| 2016-03-31 | GBX107.92 Million | +11.81% |
| 2015-03-31 | GBX96.52 Million | +5.70% |
| 2014-03-31 | GBX91.31 Million | -2.31% |
| 2013-03-31 | GBX93.47 Million | +10.44% |
| 2012-03-31 | GBX84.64 Million | +12.03% |
| 2011-03-31 | GBX75.55 Million | +9.55% |
| 2010-03-31 | GBX68.96 Million | +16.09% |
| 2009-03-31 | GBX59.40 Million | -0.05% |
| 2008-03-31 | GBX59.43 Million | +5.05% |
| 2007-03-31 | GBX56.58 Million | +4.51% |
| 2006-03-31 | GBX54.14 Million | +16.14% |
| 2005-03-31 | GBX46.61 Million | +13.60% |
| 2004-03-31 | GBX41.03 Million | +30.62% |
| 2003-03-31 | GBX31.41 Million | +12.02% |
| 2002-03-31 | GBX28.04 Million | +12.39% |
| 2001-03-31 | GBX24.95 Million | +7.15% |
| 2000-03-31 | GBX23.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Capital Gearing 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 (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX4.49 Million | 0.51% |
| Other Components | GBX880.53 Million | 99.49% |
| Total Equity | GBX885.02 Million | 100.00% |
Capital Gearing Trust Competitors by Market Cap
The table below lists competitors of Capital Gearing Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABACUS PROPERTY GRP UTS
F:EZO
|
$5.88K |
|
HANSARD GLOBAL
BE:H9G
|
$5.88K |
|
Ipa Investments Group JSC
VN:IPA
|
$5.89K |
|
THAHF
PINK:THAHF
|
$5.89K |
|
XFit Brands Inc
PINK:XFTB
|
$5.87K |
|
Daito Me Holdings Co., Ltd
TWO:8455
|
$5.87K |
|
FONTERELLI
BE:FTRK
|
$5.87K |
|
Educational Book In Da Nang City
VN:DAE
|
$5.86K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Capital Gearing Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,060,173,000 to 885,025,000, a change of -175,148,000 (-16.5%).
- Net income of 35,991,000 contributed positively to equity growth.
- Dividend payments of 16,598,000 reduced retained earnings.
- Share repurchases of 196,592,000 reduced equity.
- Other comprehensive income decreased equity by 1,035,874,000.
- Other factors increased equity by 1,037,925,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX35.99 Million | +4.07% |
| Dividends Paid | GBX16.60 Million | -1.88% |
| Share Repurchases | GBX196.59 Million | -22.21% |
| Other Comprehensive Income | GBX-1.04 Billion | -117.04% |
| Other Changes | GBX1.04 Billion | +117.28% |
| Total Change | GBX- | -16.52% |
Book Value vs Market Value Analysis
This analysis compares Capital Gearing 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: 114.45x
- 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 418.82x to 114.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | GBX12.08 | GBX5060.00 | x |
| 2003-03-31 | GBX13.53 | GBX5060.00 | x |
| 2004-03-31 | GBX15.46 | GBX5060.00 | x |
| 2005-03-31 | GBX16.92 | GBX5060.00 | x |
| 2006-03-31 | GBX19.37 | GBX5060.00 | x |
| 2007-03-31 | GBX20.24 | GBX5060.00 | x |
| 2008-03-31 | GBX21.26 | GBX5060.00 | x |
| 2009-03-31 | GBX21.25 | GBX5060.00 | x |
| 2010-03-31 | GBX24.67 | GBX5060.00 | x |
| 2011-03-31 | GBX26.77 | GBX5060.00 | x |
| 2012-03-31 | GBX29.12 | GBX5060.00 | x |
| 2013-03-31 | GBX32.00 | GBX5060.00 | x |
| 2014-03-31 | GBX31.21 | GBX5060.00 | x |
| 2015-03-31 | GBX32.98 | GBX5060.00 | x |
| 2016-03-31 | GBX36.28 | GBX5060.00 | x |
| 2017-03-31 | GBX44.39 | GBX5060.00 | x |
| 2018-03-31 | GBX43.47 | GBX5060.00 | x |
| 2019-03-31 | GBX48.52 | GBX5060.00 | x |
| 2020-03-31 | GBX47.51 | GBX5060.00 | x |
| 2021-03-31 | GBX51.13 | GBX5060.00 | x |
| 2022-03-31 | GBX60.78 | GBX5060.00 | x |
| 2023-03-31 | GBX50.57 | GBX5060.00 | x |
| 2024-03-31 | GBX43.60 | GBX5060.00 | x |
| 2025-03-31 | GBX44.21 | GBX5060.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Gearing 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): 4.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.86%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.03x
- Recent ROE (4.07%) is below the historical average (6.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.80% | 92.28% | 0.18x | 1.01x | GBX2.79 Million |
| 2005 | 12.92% | 88.99% | 0.14x | 1.00x | GBX1.36 Million |
| 2006 | 13.03% | 89.59% | 0.14x | 1.00x | GBX1.64 Million |
| 2007 | 4.98% | 76.34% | 0.06x | 1.00x | GBX-2.84 Million |
| 2008 | 5.46% | 78.87% | 0.07x | 1.00x | GBX-2.70 Million |
| 2009 | 0.73% | 37.85% | 0.02x | 1.01x | GBX-5.51 Million |
| 2010 | 14.75% | 90.98% | 0.16x | 1.00x | GBX3.28 Million |
| 2011 | 7.54% | 83.99% | 0.09x | 1.00x | GBX-1.86 Million |
| 2012 | 8.69% | 86.29% | 0.10x | 1.00x | GBX-1.11 Million |
| 2013 | 9.95% | 96.65% | 0.10x | 1.00x | GBX-42.90K |
| 2014 | -2.04% | 0.00% | -0.02x | 1.00x | GBX-11.00 Million |
| 2015 | 5.88% | 93.89% | 0.06x | 1.00x | GBX-3.98 Million |
| 2016 | 2.87% | 88.03% | 0.03x | 1.00x | GBX-7.70 Million |
| 2017 | 9.57% | 97.62% | 0.10x | 1.01x | GBX-727.50K |
| 2018 | -0.03% | -19.72% | 0.00x | 1.00x | GBX-22.03 Million |
| 2019 | 5.53% | 97.57% | 0.06x | 1.01x | GBX-14.38 Million |
| 2020 | -1.17% | 0.00% | -0.01x | 1.02x | GBX-52.48 Million |
| 2021 | 10.04% | 98.44% | 0.10x | 1.00x | GBX261.40K |
| 2022 | 6.50% | 98.22% | 0.07x | 1.01x | GBX-36.77 Million |
| 2023 | -4.08% | 0.00% | -0.04x | 1.01x | GBX-177.36 Million |
| 2024 | 1.30% | 61.23% | 0.02x | 1.01x | GBX-92.28 Million |
| 2025 | 4.07% | 95.86% | 0.04x | 1.03x | GBX-52.51 Million |
Industry Comparison
This section compares Capital Gearing 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 |
|---|---|---|---|---|
| Capital Gearing Trust (CGT) | GBX822.24 Million | 16.80% | 0.00x | $5.88K |
| 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 |