Asia Dragon Trust PLC
Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of the Asia Pacific region, excluding Japan and Australasia. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in va… Read more
Asia Dragon Trust PLC (DGN) - Net Assets
Latest net assets as of August 2024: GBX711.63 Million GBX
Based on the latest financial reports, Asia Dragon Trust PLC (DGN) has net assets worth GBX711.63 Million GBX as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX792.32 Million) and total liabilities (GBX80.69 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 | GBX711.63 Million |
| % of Total Assets | 89.82% |
| Annual Growth Rate | 5.69% |
| 5-Year Change | 17.59% |
| 10-Year Change | 36.71% |
| Growth Volatility | 17.35 |
Asia Dragon Trust PLC - Net Assets Trend (2004–2024)
This chart illustrates how Asia Dragon Trust 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 Asia Dragon Trust PLC (2004–2024)
The table below shows the annual net assets of Asia Dragon Trust PLC from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-08-31 | GBX711.63 Million | +48.51% |
| 2023-08-31 | GBX479.17 Million | -22.01% |
| 2022-08-31 | GBX614.37 Million | -13.78% |
| 2021-08-31 | GBX712.58 Million | +17.75% |
| 2020-08-31 | GBX605.15 Million | +2.08% |
| 2019-08-31 | GBX592.82 Million | -25.07% |
| 2018-08-31 | GBX791.22 Million | -2.27% |
| 2017-08-31 | GBX809.63 Million | +21.54% |
| 2016-08-31 | GBX666.16 Million | +27.98% |
| 2015-08-31 | GBX520.52 Million | -13.98% |
| 2014-08-31 | GBX605.12 Million | +9.41% |
| 2013-08-31 | GBX553.08 Million | +6.41% |
| 2012-08-31 | GBX519.76 Million | +5.31% |
| 2011-08-31 | GBX493.56 Million | +4.72% |
| 2010-08-31 | GBX471.32 Million | +13.83% |
| 2009-08-31 | GBX414.07 Million | +9.61% |
| 2008-08-31 | GBX377.79 Million | -1.75% |
| 2007-08-31 | GBX384.52 Million | +11.93% |
| 2006-08-31 | GBX343.55 Million | +13.58% |
| 2005-08-31 | GBX302.48 Million | +28.52% |
| 2004-08-31 | GBX235.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Dragon Trust 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX31.42 Million | 4.42% |
| Other Components | GBX680.20 Million | 95.58% |
| Total Equity | GBX711.63 Million | 100.00% |
Asia Dragon Trust PLC Competitors by Market Cap
The table below lists competitors of Asia Dragon Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EQUATORIAL RES
BE:PBU
|
$465.93 |
|
Arab Real Estate Investment CO.-ALICO
EGX:RREI
|
$466.28 |
|
Westminster Group Plc
LSE:WSG
|
$466.79 |
|
Applied UV, Inc.
NASDAQ:AUVIQ
|
$467.00 |
|
Metropolitan Steel Corp Ltd
KAR:MSCL
|
$463.71 |
|
FSPE11F
SA:FSPE11F
|
$462.76 |
|
CDIA
JK:CDIA
|
$462.48 |
|
DXI Capital Corp
PINK:DXIEF
|
$462.18 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Dragon Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 479,169,000 to 711,626,000, a change of 232,457,000 (48.5%).
- Net income of 59,830,000 contributed positively to equity growth.
- Dividend payments of 7,446,000 reduced retained earnings.
- Share repurchases of 34,640,000 reduced equity.
- Other comprehensive income decreased equity by 313,272,999.
- Other factors increased equity by 527,985,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX59.83 Million | +8.41% |
| Dividends Paid | GBX7.45 Million | -1.05% |
| Share Repurchases | GBX34.64 Million | -4.87% |
| Other Comprehensive Income | GBX-313.27 Million | -44.02% |
| Other Changes | GBX527.99 Million | +74.19% |
| Total Change | GBX- | 48.51% |
Book Value vs Market Value Analysis
This analysis compares Asia Dragon Trust 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: 90.17x
- 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 502.18x to 90.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-08-31 | GBX0.84 | GBX423.00 | x |
| 2005-08-31 | GBX1.09 | GBX423.00 | x |
| 2006-08-31 | GBX1.27 | GBX423.00 | x |
| 2007-08-31 | GBX1.62 | GBX423.00 | x |
| 2008-08-31 | GBX1.62 | GBX423.00 | x |
| 2009-08-31 | GBX1.79 | GBX423.00 | x |
| 2010-08-31 | GBX2.25 | GBX423.00 | x |
| 2011-08-31 | GBX2.51 | GBX423.00 | x |
| 2012-08-31 | GBX2.65 | GBX423.00 | x |
| 2013-08-31 | GBX2.55 | GBX423.00 | x |
| 2014-08-31 | GBX2.80 | GBX423.00 | x |
| 2015-08-31 | GBX2.65 | GBX423.00 | x |
| 2016-08-31 | GBX3.14 | GBX423.00 | x |
| 2017-08-31 | GBX3.88 | GBX423.00 | x |
| 2018-08-31 | GBX4.01 | GBX423.00 | x |
| 2019-08-31 | GBX3.87 | GBX423.00 | x |
| 2020-08-31 | GBX4.70 | GBX423.00 | x |
| 2021-08-31 | GBX5.64 | GBX423.00 | x |
| 2022-08-31 | GBX5.03 | GBX423.00 | x |
| 2023-08-31 | GBX4.10 | GBX423.00 | x |
| 2024-08-31 | GBX4.69 | GBX423.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Dragon Trust 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): 8.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 80.69%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.11x
- Recent ROE (8.41%) is above the historical average (7.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -1.39% | -67.74% | 0.02x | 1.24x | GBX-21.76 Million |
| 2005 | 23.77% | 90.33% | 0.22x | 1.18x | GBX35.53 Million |
| 2006 | 14.41% | 84.87% | 0.15x | 1.14x | GBX13.30 Million |
| 2007 | 21.72% | 91.04% | 0.22x | 1.11x | GBX45.08 Million |
| 2008 | 1.41% | 37.67% | 0.03x | 1.12x | GBX-32.45 Million |
| 2009 | 9.66% | 85.66% | 0.11x | 1.00x | GBX-1.43 Million |
| 2010 | 27.58% | 95.18% | 0.29x | 1.00x | GBX82.88 Million |
| 2011 | 4.40% | 71.60% | 0.06x | 1.12x | GBX-27.63 Million |
| 2012 | 6.24% | 42.53% | 0.13x | 1.11x | GBX-19.52 Million |
| 2013 | 6.34% | 96.54% | 0.06x | 1.11x | GBX-20.16 Million |
| 2014 | 9.46% | 96.61% | 0.09x | 1.10x | GBX-3.28 Million |
| 2015 | -14.22% | 0.00% | -0.12x | 1.12x | GBX-125.62 Million |
| 2016 | 24.12% | 98.94% | 0.22x | 1.09x | GBX93.79 Million |
| 2017 | 18.55% | 98.47% | 0.18x | 1.06x | GBX69.01 Million |
| 2018 | 1.29% | 63.97% | 0.02x | 1.04x | GBX-68.66 Million |
| 2019 | 6.18% | 93.48% | 0.06x | 1.06x | GBX-22.53 Million |
| 2020 | 4.25% | 94.02% | 0.04x | 1.06x | GBX-34.49 Million |
| 2021 | 17.14% | 95.74% | 0.16x | 1.10x | GBX50.49 Million |
| 2022 | -9.85% | 0.00% | -0.09x | 1.11x | GBX-121.96 Million |
| 2023 | -21.65% | 0.00% | -0.19x | 1.09x | GBX-151.66 Million |
| 2024 | 8.41% | 80.69% | 0.09x | 1.11x | GBX-11.33 Million |
Industry Comparison
This section compares Asia Dragon Trust 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 |
|---|---|---|---|---|
| Asia Dragon Trust PLC (DGN) | GBX711.63 Million | -1.39% | 0.11x | $465.11 |
| 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 |