CVC Income & Growth Limited (CVCE) - Net Assets
Based on the latest financial reports, CVC Income & Growth Limited (CVCE) has net assets worth €331.53 Million EUR (≈ $387.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€331.89 Million ≈ $388.01 Million USD) and total liabilities (€355.00K ≈ $415.03K 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 strategic asset allocation of CVC Income & Growth Limited to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €331.53 Million |
| % of Total Assets | 99.89% |
| Annual Growth Rate | -0.84% |
| 5-Year Change | 6.12% |
| 10-Year Change | -18.25% |
| Growth Volatility | 24.43 |
CVC Income & Growth Limited - Net Assets Trend (2013–2025)
This chart illustrates how CVC Income & Growth Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see CVC Income & Growth Limited stock valuation.
Annual Net Assets for CVC Income & Growth Limited (2013–2025)
The table below shows the annual net assets of CVC Income & Growth Limited from 2013 to 2025. Also explore net asset momentum of CVC Income & Growth Limited to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €331.53 Million ≈ $387.59 Million |
+23.60% |
| 2024-12-31 | €268.24 Million ≈ $313.60 Million |
+7.32% |
| 2023-12-31 | €249.95 Million ≈ $292.22 Million |
+5.54% |
| 2022-12-31 | €236.84 Million ≈ $276.89 Million |
-24.19% |
| 2021-12-31 | €312.42 Million ≈ $365.25 Million |
-9.32% |
| 2020-12-31 | €344.54 Million ≈ $402.80 Million |
-35.88% |
| 2019-12-31 | €537.32 Million ≈ $628.19 Million |
-0.30% |
| 2018-12-31 | €538.97 Million ≈ $630.11 Million |
+6.16% |
| 2017-12-31 | €507.68 Million ≈ $593.53 Million |
+25.19% |
| 2016-12-31 | €405.53 Million ≈ $474.10 Million |
-30.11% |
| 2015-12-31 | €580.24 Million ≈ $678.36 Million |
+2.01% |
| 2014-12-31 | €568.83 Million ≈ $665.02 Million |
+55.07% |
| 2013-12-31 | €366.81 Million ≈ $428.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CVC Income & Growth Limited'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €317.29 Million | 95.70% |
| Other Comprehensive Income | €14.25 Million | 4.30% |
| Total Equity | €331.53 Million | 100.00% |
CVC Income & Growth Limited Competitors by Market Cap
The table below lists competitors of CVC Income & Growth Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SynAct Pharma AB
ST:SYNACT
|
$110.28 Million |
|
SAMG Entertainment Co. Ltd.
KQ:419530
|
$110.32 Million |
|
K N Kenanga Holdings Bhd
KLSE:6483
|
$110.34 Million |
|
Affluent Medical SAS
PA:AFME
|
$110.43 Million |
|
Poh Kong Holdings Bhd
KLSE:5080
|
$110.24 Million |
|
Taegu Broadcasting Corporation
KQ:033830
|
$110.19 Million |
|
Vacasa Inc
NASDAQ:VCSA
|
$110.13 Million |
|
Jiin Ming Industry Co Ltd
TWO:3230
|
$110.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CVC Income & Growth Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 268,238,677 to 331,531,000, a change of 63,292,323 (23.6%).
- Net loss of 6,565,000 reduced equity.
- Dividend payments of 23,761,000 reduced retained earnings.
- Share repurchases of 157,000 reduced equity.
- New share issuances of 80,228,000 increased equity.
- Other comprehensive income increased equity by 14,246,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-6.57 Million | -1.98% |
| Dividends Paid | €23.76 Million | -7.17% |
| Share Repurchases | €157.00K | -0.05% |
| Share Issuances | €80.23 Million | +24.2% |
| Other Comprehensive Income | €14.25 Million | +4.3% |
| Other Changes | €-698.68K | -0.21% |
| Total Change | €- | 23.60% |
Book Value vs Market Value Analysis
This analysis compares CVC Income & Growth Limited'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: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.18x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €0.91 | €1.08 | x |
| 2014-12-31 | €1.19 | €1.08 | x |
| 2015-12-31 | €1.25 | €1.08 | x |
| 2016-12-31 | €1.02 | €1.08 | x |
| 2017-12-31 | €1.39 | €1.08 | x |
| 2018-12-31 | €1.22 | €1.08 | x |
| 2019-12-31 | €1.14 | €1.08 | x |
| 2020-12-31 | €0.96 | €1.08 | x |
| 2021-12-31 | €1.18 | €1.08 | x |
| 2022-12-31 | €1.01 | €1.08 | x |
| 2023-12-31 | €1.16 | €1.08 | x |
| 2024-12-31 | €1.30 | €1.08 | x |
| 2025-12-31 | €1.44 | €1.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CVC Income & Growth Limited 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): -1.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.03%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.00x
- Recent ROE (-1.98%) is below the historical average (0.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.25% | -9.52% | 0.03x | 1.00x | €-58.29 Million |
| 2015 | 0.37% | 6.46% | 0.06x | 1.00x | €-55.87 Million |
| 2016 | 2.65% | 25.76% | 0.10x | 1.00x | €-29.80 Million |
| 2017 | 3.00% | 39.18% | 0.08x | 1.00x | €-35.55 Million |
| 2018 | -4.43% | -525.42% | 0.01x | 1.00x | €-77.79 Million |
| 2019 | -2.74% | -95.98% | 0.03x | 1.00x | €-68.47 Million |
| 2020 | -5.39% | -1992.22% | 0.00x | 1.00x | €-53.02 Million |
| 2021 | 7.08% | 58.63% | 0.12x | 1.00x | €-9.13 Million |
| 2022 | -14.26% | 0.00% | -0.08x | 1.00x | €-57.46 Million |
| 2023 | 12.70% | 61.05% | 0.21x | 1.00x | €6.75 Million |
| 2024 | 7.66% | 47.00% | 0.16x | 1.00x | €-6.28 Million |
| 2025 | -1.98% | -20.03% | 0.10x | 1.00x | €-39.72 Million |
Industry Comparison
This section compares CVC Income & Growth Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $867,879,700
- Average return on equity (ROE) among peers: 7.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CVC Income & Growth Limited (CVCE) | €331.53 Million | -0.25% | 0.00x | $110.27 Million |
| 3I Infrastructure PLC (3IN) | $1.73 Billion | 8.43% | 0.10x | $43.77 Million |
| Albion Enterprise VCT PLC (AAEV) | $67.39 Million | 12.19% | 0.03x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $384.87 Million | 7.14% | 0.08x | $5.43 Million |
| Abrdn Asia Focus PLC (AAS) | $52.33 Million | 13.02% | 0.19x | $7.35 Million |
| Albion Technology & General VCT PLC (AATG) | $251.32 Million | 4.55% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $52.44 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $485.77 Million | 9.00% | 0.26x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $195.75 Million | 23.96% | 0.02x | $445.72 |
About CVC Income & Growth Limited
CVC Income & Growth Limited is a closed-ended fixed income mutual fund of fund launched by Goldman Sachs International. The fund is managed by CVC Credit Partners Investment Management Ltd. It invests in the fixed income markets of Western Europe. The fund seeks to invest in securities of companies across diversified sectors. It primarily invests all of its assets in units of the CVC European Cre… Read more