City Of London Investment Trust
The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stoc… Read more
City Of London Investment Trust (CTY) - Net Assets
Latest net assets as of June 2025: GBX2.33 Billion GBX
Based on the latest financial reports, City Of London Investment Trust (CTY) has net assets worth GBX2.33 Billion GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.47 Billion) and total liabilities (GBX138.28 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 | GBX2.33 Billion |
| % of Total Assets | 94.4% |
| Annual Growth Rate | 5.88% |
| 5-Year Change | 35.01% |
| 10-Year Change | 87.68% |
| Growth Volatility | 14.17 |
City Of London Investment Trust - Net Assets Trend (2000–2025)
This chart illustrates how City Of London Investment 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 City Of London Investment Trust (2000–2025)
The table below shows the annual net assets of City Of London Investment Trust from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX2.33 Billion | +11.18% |
| 2024-06-30 | GBX2.10 Billion | +9.48% |
| 2023-06-30 | GBX1.92 Billion | +6.64% |
| 2022-06-30 | GBX1.80 Billion | +4.01% |
| 2021-06-30 | GBX1.73 Billion | +20.60% |
| 2020-06-30 | GBX1.43 Billion | -10.24% |
| 2019-06-30 | GBX1.60 Billion | +4.91% |
| 2018-06-30 | GBX1.52 Billion | +6.37% |
| 2017-06-30 | GBX1.43 Billion | +15.08% |
| 2016-06-30 | GBX1.24 Billion | +4.55% |
| 2015-06-30 | GBX1.19 Billion | +10.53% |
| 2014-06-30 | GBX1.08 Billion | +21.31% |
| 2013-06-30 | GBX886.40 Million | +26.71% |
| 2012-06-30 | GBX699.55 Million | +3.72% |
| 2011-06-30 | GBX674.48 Million | +31.98% |
| 2010-06-30 | GBX511.03 Million | +19.15% |
| 2009-06-30 | GBX428.88 Million | -24.59% |
| 2008-06-30 | GBX568.72 Million | -20.86% |
| 2007-06-30 | GBX718.66 Million | +17.02% |
| 2006-06-30 | GBX614.14 Million | +14.70% |
| 2005-06-30 | GBX535.44 Million | +17.27% |
| 2004-06-30 | GBX456.60 Million | +13.23% |
| 2003-06-30 | GBX403.26 Million | -12.91% |
| 2002-06-30 | GBX463.03 Million | -14.68% |
| 2001-06-30 | GBX542.68 Million | -2.88% |
| 2000-06-30 | GBX558.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to City Of London 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 369.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX48.69 Million | 2.09% |
| Common Stock | GBX125.67 Million | 5.39% |
| Other Comprehensive Income | GBX1.08 Billion | 46.49% |
| Other Components | GBX1.07 Billion | 46.03% |
| Total Equity | GBX2.33 Billion | 100.00% |
City Of London Investment Trust Competitors by Market Cap
The table below lists competitors of City Of London Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Critical Reagent Processing Corp.
PINK:GRXXD
|
$633.73 |
|
ENRTD
OTCQB:ENRTD
|
$634.69 |
|
SABIEN TECH GRP
BE:SUJ
|
$636.62 |
|
Hollywall Entertainment Inc
PINK:HWAL
|
$637.42 |
|
N4 Pharma PLC
LSE:N4P
|
$632.90 |
|
BlackRock Greater Europe Investment Trust plc
LSE:BRGE
|
$632.70 |
|
Sonic Foundry Inc
PINK:SOFO
|
$631.34 |
|
Shang Properties Inc
PSE:SHNG
|
$631.29 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in City Of London Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,097,528,000 to 2,332,039,000, a change of 234,511,000 (11.2%).
- Net income of 342,116,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,081,493,000.
- Other factors decreased equity by 1,189,098,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX342.12 Million | +14.67% |
| Other Comprehensive Income | GBX1.08 Billion | +46.38% |
| Other Changes | GBX-1.19 Billion | -50.99% |
| Total Change | GBX- | 11.18% |
Book Value vs Market Value Analysis
This analysis compares City Of London 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: 115.14x
- 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 241.14x to 115.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | GBX2.26 | GBX544.00 | x |
| 2003-06-30 | GBX1.92 | GBX544.00 | x |
| 2004-06-30 | GBX2.18 | GBX544.00 | x |
| 2005-06-30 | GBX2.57 | GBX544.00 | x |
| 2006-06-30 | GBX2.95 | GBX544.00 | x |
| 2007-06-30 | GBX3.45 | GBX544.00 | x |
| 2008-06-30 | GBX2.74 | GBX544.00 | x |
| 2009-06-30 | GBX2.07 | GBX544.00 | x |
| 2010-06-30 | GBX2.45 | GBX544.00 | x |
| 2011-06-30 | GBX3.11 | GBX544.00 | x |
| 2012-06-30 | GBX3.03 | GBX544.00 | x |
| 2013-06-30 | GBX3.59 | GBX544.00 | x |
| 2014-06-30 | GBX3.95 | GBX544.00 | x |
| 2015-06-30 | GBX3.99 | GBX544.00 | x |
| 2016-06-30 | GBX3.89 | GBX544.00 | x |
| 2017-06-30 | GBX4.29 | GBX544.00 | x |
| 2018-06-30 | GBX4.40 | GBX544.00 | x |
| 2019-06-30 | GBX4.38 | GBX544.00 | x |
| 2020-06-30 | GBX3.61 | GBX544.00 | x |
| 2021-06-30 | GBX4.06 | GBX544.00 | x |
| 2022-06-30 | GBX4.00 | GBX544.00 | x |
| 2023-06-30 | GBX4.01 | GBX544.00 | x |
| 2024-06-30 | GBX4.19 | GBX544.00 | x |
| 2025-06-30 | GBX4.72 | GBX544.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently City Of London 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): 14.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.68%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.06x
- Recent ROE (14.67%) is above the historical average (7.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 15.55% | 91.02% | 0.15x | 1.12x | GBX25.32 Million |
| 2005 | 18.06% | 92.11% | 0.18x | 1.10x | GBX43.16 Million |
| 2006 | 15.94% | 93.16% | 0.16x | 1.09x | GBX36.48 Million |
| 2007 | 17.67% | 94.47% | 0.17x | 1.07x | GBX55.12 Million |
| 2008 | -21.92% | 0.00% | -0.19x | 1.11x | GBX-181.53 Million |
| 2009 | -27.26% | 0.00% | -0.23x | 1.12x | GBX-159.80 Million |
| 2010 | 21.13% | 93.80% | 0.20x | 1.11x | GBX56.88 Million |
| 2011 | 21.68% | 95.00% | 0.21x | 1.09x | GBX78.77 Million |
| 2012 | 2.44% | 84.46% | 0.03x | 1.10x | GBX-52.92 Million |
| 2013 | 17.91% | 99.40% | 0.17x | 1.09x | GBX70.13 Million |
| 2014 | 12.02% | 99.21% | 0.11x | 1.08x | GBX21.70 Million |
| 2015 | 6.00% | 98.26% | 0.06x | 1.07x | GBX-47.56 Million |
| 2016 | 3.05% | 96.15% | 0.03x | 1.09x | GBX-86.42 Million |
| 2017 | 12.93% | 99.07% | 0.12x | 1.06x | GBX41.89 Million |
| 2018 | 5.82% | 97.85% | 0.05x | 1.09x | GBX-63.58 Million |
| 2019 | 2.66% | 95.71% | 0.03x | 1.09x | GBX-117.06 Million |
| 2020 | -16.55% | 0.00% | -0.15x | 1.10x | GBX-380.24 Million |
| 2021 | 15.40% | 99.29% | 0.14x | 1.08x | GBX93.26 Million |
| 2022 | 5.52% | 90.62% | 0.06x | 1.08x | GBX-80.43 Million |
| 2023 | 3.21% | 96.44% | 0.03x | 1.07x | GBX-130.18 Million |
| 2024 | 14.18% | 197.36% | 0.07x | 1.08x | GBX87.67 Million |
| 2025 | 14.67% | 97.68% | 0.14x | 1.06x | GBX108.91 Million |
Industry Comparison
This section compares City Of London Investment 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 |
|---|---|---|---|---|
| City Of London Investment Trust (CTY) | GBX2.33 Billion | 15.55% | 0.06x | $633.30 |
| 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 |