Downing FOUR VCT plc
Thames Ventures VCT 2 plc is a venture capital trust specializing in qualifying venture capital and non-qualifying structured products, secured loans and fixed income securities investments. Secured loans will be secured on assets held by the investee company.
Downing FOUR VCT plc (D467) - Net Assets
Latest net assets as of March 2024: GBX40.39 Million GBX
Based on the latest financial reports, Downing FOUR VCT plc (D467) has net assets worth GBX40.39 Million GBX as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX41.00 Million) and total liabilities (GBX615.00K). 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 | GBX40.39 Million |
| % of Total Assets | 98.5% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | -7.84% |
| 10-Year Change | 55.84% |
| Growth Volatility | 65.69 |
Downing FOUR VCT plc - Net Assets Trend (2010–2024)
This chart illustrates how Downing FOUR 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 Downing FOUR VCT plc (2010–2024)
The table below shows the annual net assets of Downing FOUR VCT plc from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | GBX40.39 Million | -20.08% |
| 2023-03-31 | GBX50.53 Million | -16.99% |
| 2022-03-31 | GBX60.88 Million | +26.70% |
| 2021-03-31 | GBX48.05 Million | +9.64% |
| 2020-03-31 | GBX43.83 Million | -24.64% |
| 2019-03-31 | GBX58.15 Million | +3.23% |
| 2018-03-31 | GBX56.34 Million | -5.18% |
| 2017-03-31 | GBX59.41 Million | +31.79% |
| 2016-03-31 | GBX45.08 Million | +73.96% |
| 2015-03-31 | GBX25.91 Million | -20.15% |
| 2014-03-31 | GBX32.45 Million | -6.62% |
| 2013-03-31 | GBX34.76 Million | +239.18% |
| 2012-03-31 | GBX10.25 Million | -2.49% |
| 2011-03-31 | GBX10.51 Million | -1.53% |
| 2010-03-31 | GBX10.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Downing FOUR 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 15900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX110.00K | 0.27% |
| Other Components | GBX40.28 Million | 99.73% |
| Total Equity | GBX40.39 Million | 100.00% |
Downing FOUR VCT plc Competitors by Market Cap
The table below lists competitors of Downing FOUR VCT plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lepanto Consolidated Mining Co B
PSE:LCB
|
$32.23 |
|
Iconic Labs Plc
LSE:ICON
|
$32.27 |
|
Ever Gotesco Resources and Holdings Inc
PSE:EVER
|
$32.34 |
|
Taylor Consulting Inc
PINK:TAYO
|
$32.48 |
|
BWCCF
PINK:BWCCF
|
$32.12 |
|
PickleJar Entertainment Group, Inc.
PINK:PKLE
|
$31.97 |
|
Canna 8 Investment Trust
V:RCR-P
|
$31.50 |
|
Worsley Investors Ltd
LSE:WINV
|
$31.40 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Downing FOUR VCT plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,535,000 to 40,387,000, a change of -10,148,000 (-20.1%).
- Net loss of 10,155,000 reduced equity.
- Dividend payments of 1,172,000 reduced retained earnings.
- Share repurchases of 515,000 reduced equity.
- New share issuances of 1,412,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-10.15 Million | -25.14% |
| Dividends Paid | GBX1.17 Million | -2.9% |
| Share Repurchases | GBX515.00K | -1.28% |
| Share Issuances | GBX1.41 Million | +3.5% |
| Other Changes | GBX282.00K | +0.7% |
| Total Change | GBX- | -20.08% |
Book Value vs Market Value Analysis
This analysis compares Downing FOUR 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: 66.53x
- 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 87.97x to 66.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-03-31 | GBX0.31 | GBX27.30 | x |
| 2016-03-31 | GBX0.28 | GBX27.30 | x |
| 2017-03-31 | GBX0.57 | GBX27.30 | x |
| 2018-03-31 | GBX0.42 | GBX27.30 | x |
| 2019-03-31 | GBX0.93 | GBX27.30 | x |
| 2020-03-31 | GBX0.56 | GBX27.30 | x |
| 2021-03-31 | GBX0.57 | GBX27.30 | x |
| 2022-03-31 | GBX0.69 | GBX27.30 | x |
| 2023-03-31 | GBX0.57 | GBX27.30 | x |
| 2024-03-31 | GBX0.41 | GBX27.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Downing FOUR 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): -25.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.23x
- • Equity Multiplier: 1.02x
- Recent ROE (-25.14%) is below the historical average (-4.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.77% | 54.36% | 0.05x | 1.02x | GBX-1.87 Million |
| 2016 | 5.81% | 74.02% | 0.08x | 1.02x | GBX-1.89 Million |
| 2017 | 4.47% | 79.96% | 0.06x | 1.01x | GBX-3.28 Million |
| 2018 | -0.67% | -63.84% | 0.01x | 1.01x | GBX-6.01 Million |
| 2019 | -9.83% | 0.00% | -0.09x | 1.01x | GBX-11.53 Million |
| 2020 | -31.10% | 0.00% | -0.28x | 1.02x | GBX-18.01 Million |
| 2021 | 8.52% | 96.11% | 0.09x | 1.01x | GBX-708.90K |
| 2022 | 10.55% | 94.01% | 0.11x | 1.02x | GBX336.30K |
| 2023 | -15.15% | 0.00% | -0.13x | 1.02x | GBX-12.71 Million |
| 2024 | -25.14% | 0.00% | -0.23x | 1.02x | GBX-14.19 Million |
Industry Comparison
This section compares Downing FOUR VCT plc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Downing FOUR VCT plc (D467) | GBX40.39 Million | 2.77% | 0.02x | $32.18 |
| Nyfosa AB (0A0K) | $13.33 Billion | 16.69% | 1.39x | $961.70 Million |
| Tethys Oil AB (0A1V) | $256.60 Million | 6.51% | 0.11x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $12.04 Billion | -3.01% | 0.06x | $258.24 Million |
| Strategy Inc (0A7O) | $605.73 Million | 3.00% | 0.54x | $37.86 Billion |
| NACON SASU (0A9N) | $40.77 Million | 2.41% | 0.74x | $7.35 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $579.46 Million |
| Truecaller AB Series B (0AA7) | $145.93 Million | -10.64% | 1.99x | $271.46 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $75.78 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $39.07 Million | -39.37% | 0.22x | $71.96 Million |
| Kalray S.A. (0ABT) | $54.02 Million | -28.78% | 0.63x | $33.84 Million |