Calculus VCT plc
Calculus VCT plc, formerly known as Investec Structured Products Calculus VCT PLC, is a venture capital trust specializing in venture capital investments. The firm prefers to invest in UK regions. The firm seek to invest in Technology, Healthcare and Entertainment sectors.
Calculus VCT plc (CLC) - Net Assets
Latest net assets as of September 2025: GBX47.18 Million GBX
Based on the latest financial reports, Calculus VCT plc (CLC) has net assets worth GBX47.18 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 (GBX47.90 Million) and total liabilities (GBX712.00K). 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 | GBX47.18 Million |
| % of Total Assets | 98.51% |
| Annual Growth Rate | N/A |
| 5-Year Change | 116.33% |
| 10-Year Change | 2976.24% |
| Growth Volatility | 241.58 |
Calculus VCT plc - Net Assets Trend (2007–2025)
This chart illustrates how Calculus VCT plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Calculus VCT plc (2007–2025)
The table below shows the annual net assets of Calculus VCT plc from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX45.71 Million | +17.02% |
| 2024-03-31 | GBX39.06 Million | +13.41% |
| 2023-02-28 | GBX34.45 Million | +14.07% |
| 2022-02-28 | GBX30.20 Million | +42.91% |
| 2021-02-28 | GBX21.13 Million | +20.45% |
| 2020-02-29 | GBX17.54 Million | +24.95% |
| 2019-02-28 | GBX14.04 Million | +38.61% |
| 2018-02-28 | GBX10.13 Million | +935.79% |
| 2017-02-28 | GBX978.00K | -34.19% |
| 2016-02-29 | GBX1.49 Million | -52.80% |
| 2015-02-28 | GBX3.15 Million | -30.23% |
| 2014-02-28 | GBX4.51 Million | -1.10% |
| 2013-02-28 | GBX4.56 Million | -27.46% |
| 2012-02-29 | GBX6.29 Million | +30.05% |
| 2011-02-28 | GBX4.84 Million | -- |
| 2010-12-31 | GBX0.00 | -- |
| 2009-12-31 | GBX0.00 | -- |
| 2008-12-31 | GBX-1.00 Million | -- |
| 2007-12-31 | GBX0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Calculus VCT 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 grown by 11200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX774.00K | 1.69% |
| Other Components | GBX44.94 Million | 98.31% |
| Total Equity | GBX45.71 Million | 100.00% |
Calculus VCT plc Competitors by Market Cap
The table below lists competitors of Calculus VCT plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CTS Global Equity Group Inc.
PSE:CTS
|
$61.40 |
|
Tess Agro PLC
CM:TESSN0000
|
$61.59 |
|
ABBEY MORTGAGE BANK PLC
XNSA:ABBEYBDS
|
$61.62 |
|
Enteq Upstream
LSE:NTQ
|
$61.89 |
|
Voice Assist Inc
PINK:VSST
|
$61.22 |
|
Agriterra Limited
LSE:AGTA
|
$61.18 |
|
Maven Renovar VCT Plc
LSE:MRV
|
$61.16 |
|
ZB FINANCIAL HOLDINGS LIMITED
XZIM:ZBFH
|
$61.13 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Calculus VCT plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,065,000 to 45,713,000, a change of 6,648,000 (17.0%).
- Net income of 1,292,000 contributed positively to equity growth.
- Dividend payments of 2,453,000 reduced retained earnings.
- Share repurchases of 1,232,000 reduced equity.
- New share issuances of 9,306,000 increased equity.
- Other comprehensive income decreased equity by 14,937,000.
- Other factors increased equity by 14,672,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.29 Million | +2.83% |
| Dividends Paid | GBX2.45 Million | -5.37% |
| Share Repurchases | GBX1.23 Million | -2.7% |
| Share Issuances | GBX9.31 Million | +20.36% |
| Other Comprehensive Income | GBX-14.94 Million | -32.68% |
| Other Changes | GBX14.67 Million | +32.1% |
| Total Change | GBX- | 17.02% |
Book Value vs Market Value Analysis
This analysis compares Calculus VCT 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: 83.40x
- 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 40.98x to 83.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-02-28 | GBX1.30 | GBX53.25 | x |
| 2012-02-29 | GBX1.33 | GBX53.25 | x |
| 2013-02-28 | GBX0.96 | GBX53.25 | x |
| 2014-02-28 | GBX0.68 | GBX53.25 | x |
| 2015-02-28 | GBX0.47 | GBX53.25 | x |
| 2016-02-29 | GBX0.31 | GBX53.25 | x |
| 2017-02-28 | GBX0.10 | GBX53.25 | x |
| 2018-02-28 | GBX1.01 | GBX53.25 | x |
| 2019-02-28 | GBX0.99 | GBX53.25 | x |
| 2020-02-29 | GBX0.80 | GBX53.25 | x |
| 2021-02-28 | GBX0.73 | GBX53.25 | x |
| 2022-02-28 | GBX0.75 | GBX53.25 | x |
| 2023-02-28 | GBX0.69 | GBX53.25 | x |
| 2024-03-31 | GBX0.65 | GBX53.25 | x |
| 2025-03-31 | GBX0.64 | GBX53.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Calculus VCT 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): 2.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.45%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.01x
- Recent ROE (2.83%) is above the historical average (-1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -2.32% | 0.00% | 0.00x | 1.04x | GBX-595.60K |
| 2012 | -1.13% | 0.00% | 0.00x | 1.02x | GBX-699.90K |
| 2013 | -1.01% | -64.79% | 0.02x | 1.02x | GBX-502.20K |
| 2014 | -0.98% | -59.46% | 0.02x | 1.03x | GBX-495.20K |
| 2015 | -1.81% | -89.06% | 0.02x | 1.03x | GBX-371.80K |
| 2016 | -4.91% | -135.19% | 0.04x | 1.03x | GBX-221.60K |
| 2017 | -3.07% | -85.71% | 0.03x | 1.03x | GBX-127.80K |
| 2018 | -2.69% | -197.83% | 0.01x | 1.02x | GBX-1.29 Million |
| 2019 | -7.35% | 0.00% | -0.06x | 1.02x | GBX-2.42 Million |
| 2020 | -3.21% | 0.00% | -0.02x | 1.01x | GBX-2.31 Million |
| 2021 | 1.33% | 51.19% | 0.03x | 1.01x | GBX-1.83 Million |
| 2022 | 6.44% | 88.29% | 0.07x | 1.01x | GBX-1.07 Million |
| 2023 | 1.89% | 66.87% | 0.03x | 1.01x | GBX-2.78 Million |
| 2024 | -1.26% | -108.96% | 0.01x | 1.01x | GBX-4.40 Million |
| 2025 | 2.83% | 80.45% | 0.03x | 1.01x | GBX-3.28 Million |
Industry Comparison
This section compares Calculus VCT plc'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 |
|---|---|---|---|---|
| Calculus VCT plc (CLC) | GBX47.18 Million | -2.32% | 0.02x | $61.30 |
| 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 |