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
CVC Income & Growth Limited (CVCG) - Net Assets
Latest net assets as of June 2025: GBX290.84 Million GBX
Based on the latest financial reports, CVC Income & Growth Limited (CVCG) has net assets worth GBX290.84 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX291.15 Million) and total liabilities (GBX316.86K). 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 | GBX290.84 Million |
| % of Total Assets | 99.89% |
| Annual Growth Rate | -2.8% |
| 5-Year Change | -22.15% |
| 10-Year Change | -53.77% |
| Growth Volatility | 24.61 |
CVC Income & Growth Limited - Net Assets Trend (2013–2024)
This chart illustrates how CVC Income & Growth Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CVC Income & Growth Limited (2013–2024)
The table below shows the annual net assets of CVC Income & Growth Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX268.24 Million | +7.32% |
| 2023-12-31 | GBX249.95 Million | +5.54% |
| 2022-12-31 | GBX236.84 Million | -24.19% |
| 2021-12-31 | GBX312.42 Million | -9.32% |
| 2020-12-31 | GBX344.54 Million | -35.88% |
| 2019-12-31 | GBX537.32 Million | -0.30% |
| 2018-12-31 | GBX538.97 Million | +6.16% |
| 2017-12-31 | GBX507.68 Million | +25.19% |
| 2016-12-31 | GBX405.53 Million | -30.11% |
| 2015-12-31 | GBX580.24 Million | +2.01% |
| 2014-12-31 | GBX568.83 Million | +55.07% |
| 2013-12-31 | GBX366.81 Million | -- |
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 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | GBX268.24 Million | 100.00% |
| Total Equity | GBX268.24 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 |
|---|---|
|
National Health Scan
PINK:GEGR
|
$124.85 |
|
General Accident PLC
LSE:GACA
|
$124.90 |
|
Care REIT plc
LSE:CRT
|
$125.21 |
|
Pacifica Inc
PSE:PA
|
$125.37 |
|
Karelian Diamond Resources PLC
LSE:KDR
|
$124.28 |
|
Pixel Crow Games SA
WAR:PIX
|
$123.82 |
|
CAUDAN DEVELOPMENT LTD
SEM:CAUD
|
$123.75 |
|
Filinvest Land Inc
PSE:FLI
|
$123.73 |
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 2023 to 2024, total equity changed from 249,949,328 to 268,238,677, a change of 18,289,349 (7.3%).
- Net income of 20,548,169 contributed positively to equity growth.
- Dividend payments of 21,642,838 reduced retained earnings.
- Share repurchases of 13,838,304 reduced equity.
- Other factors increased equity by 33,222,322.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX20.55 Million | +7.66% |
| Dividends Paid | GBX21.64 Million | -8.07% |
| Share Repurchases | GBX13.84 Million | -5.16% |
| Other Changes | GBX33.22 Million | +12.39% |
| Total Change | GBX- | 7.32% |
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: 48.14x
- 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 124.56x to 48.14x 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 | GBX0.91 | GBX113.50 | x |
| 2014-12-31 | GBX1.19 | GBX113.50 | x |
| 2015-12-31 | GBX1.25 | GBX113.50 | x |
| 2016-12-31 | GBX1.02 | GBX113.50 | x |
| 2017-12-31 | GBX1.39 | GBX113.50 | x |
| 2018-12-31 | GBX1.16 | GBX113.50 | x |
| 2019-12-31 | GBX1.14 | GBX113.50 | x |
| 2020-12-31 | GBX0.96 | GBX113.50 | x |
| 2021-12-31 | GBX1.18 | GBX113.50 | x |
| 2022-12-31 | GBX1.01 | GBX113.50 | x |
| 2023-12-31 | GBX1.09 | GBX113.50 | x |
| 2024-12-31 | GBX2.36 | GBX113.50 | 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): 7.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.00%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.00x
- Recent ROE (7.66%) is above the historical average (0.58%), indicating improving 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 | GBX-58.29 Million |
| 2015 | 0.37% | 6.46% | 0.06x | 1.00x | GBX-55.87 Million |
| 2016 | 2.65% | 25.76% | 0.10x | 1.00x | GBX-29.80 Million |
| 2017 | 3.00% | 39.19% | 0.08x | 1.00x | GBX-35.55 Million |
| 2018 | -4.43% | -525.42% | 0.01x | 1.00x | GBX-77.79 Million |
| 2019 | -2.74% | -95.98% | 0.03x | 1.00x | GBX-68.47 Million |
| 2020 | -5.39% | -1992.22% | 0.00x | 1.00x | GBX-53.02 Million |
| 2021 | 7.08% | 58.64% | 0.12x | 1.00x | GBX-9.13 Million |
| 2022 | -14.26% | 0.00% | -0.08x | 1.00x | GBX-57.46 Million |
| 2023 | 12.70% | 61.05% | 0.21x | 1.00x | GBX6.75 Million |
| 2024 | 7.66% | 47.00% | 0.16x | 1.00x | GBX-6.28 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: $507,081,000
- Average return on equity (ROE) among peers: -4.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CVC Income & Growth Limited (CVCG) | GBX290.84 Million | -0.25% | 0.00x | $124.66 |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $396.99K |
| 450 PLC (450) | $11.46 Million | -115.16% | 0.73x | $1.71K |
| Albion Enterprise VCT PLC (AAEV) | $44.47 Million | 4.86% | 0.01x | $123.37 |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $317.58 |
| Abrdn Asia Focus PLC (AAS) | $491.64 Million | 7.16% | 0.13x | $424.29 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $642.23 Million | 0.00% | 0.19x | $15.53 |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $2.23K |
| Artemis UK Future Leaders plc (AFL) | $151.16 Million | 19.15% | 0.01x | $369.54 |
| AVI Global Trust PLC (AGT) | $618.74 Million | 31.08% | 0.06x | $2.92 Million |