Develop North PLC (DVNO) - Net Assets
Based on the latest financial reports, Develop North PLC (DVNO) has net assets worth GBX19.93 Million GBX (≈ $2.42K USD) as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX23.08 Million ≈ $2.81K USD) and total liabilities (GBX3.15 Million ≈ $382.90 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 tangible net worth ratio of Develop North PLC to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX19.93 Million |
| % of Total Assets | 86.36% |
| Annual Growth Rate | -1.57% |
| 5-Year Change | -11.78% |
| 10-Year Change | N/A |
| Growth Volatility | 7.23 |
Develop North PLC - Net Assets Trend (2017–2024)
This chart illustrates how Develop North PLC's net assets have evolved over time, based on quarterly financial data. See Develop North PLC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Develop North PLC (2017–2024)
The table below shows the annual net assets of Develop North PLC from 2017 to 2024. For live valuation and market cap data, see DVNO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | GBX19.94 Million ≈ $2.43K |
-3.71% |
| 2023-11-30 | GBX20.70 Million ≈ $2.52K |
-6.44% |
| 2022-11-30 | GBX22.13 Million ≈ $2.69K |
-2.01% |
| 2021-11-30 | GBX22.58 Million ≈ $2.75K |
-0.06% |
| 2020-11-30 | GBX22.60 Million ≈ $2.75K |
-0.22% |
| 2019-11-30 | GBX22.65 Million ≈ $2.76K |
-10.89% |
| 2018-11-30 | GBX25.41 Million ≈ $3.09K |
+14.14% |
| 2017-11-30 | GBX22.27 Million ≈ $2.71K |
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Equity Component Analysis
This analysis shows how different components contribute to Develop North 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 1173500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX11.73 Million | 58.86% |
| Common Stock | GBX250.00K | 1.25% |
| Other Comprehensive Income | GBX-1.16 Million | -5.83% |
| Other Components | GBX9.11 Million | 45.71% |
| Total Equity | GBX19.94 Million | 100.00% |
Develop North PLC Competitors by Market Cap
The table below lists competitors of Develop North PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IXICO PLC
LSE:IXI
|
$229.49K |
|
GEOLOGICA RESOURCE CORP.
F:862
|
$230.54K |
|
Leyden SAIC y F
BA:LEID
|
$232.05K |
|
Atlas Corp
NASDAQ:ATCOL
|
$233.02K |
|
Vianet Group Plc
LSE:VNET
|
$228.26K |
|
Lawfinance Ltd
AU:LAW
|
$225.95K |
|
Ellwee AB
ST:ELLWEE
|
$224.35K |
|
GO METALS CORP.
F:47GA
|
$223.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Develop North PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,704,000 to 19,936,000, a change of -768,000 (-3.7%).
- Net income of 1,170,000 contributed positively to equity growth.
- Dividend payments of 1,019,000 reduced retained earnings.
- Share repurchases of 919,000 reduced equity.
- Other comprehensive income decreased equity by 102,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.17 Million | +5.87% |
| Dividends Paid | GBX1.02 Million | -5.11% |
| Share Repurchases | GBX919.00K | -4.61% |
| Other Comprehensive Income | GBX-103.00K | -0.52% |
| Other Changes | GBX103.00K | +0.52% |
| Total Change | GBX- | -3.71% |
Book Value vs Market Value Analysis
This analysis compares Develop North 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: 95.61x
- 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 increased from 70.48x to 95.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | GBX1.07 | GBX75.50 | x |
| 2018-11-30 | GBX0.99 | GBX75.50 | x |
| 2019-11-30 | GBX0.84 | GBX75.50 | x |
| 2020-11-30 | GBX0.84 | GBX75.50 | x |
| 2021-11-30 | GBX0.84 | GBX75.50 | x |
| 2022-11-30 | GBX0.82 | GBX75.50 | x |
| 2023-11-30 | GBX0.77 | GBX75.50 | x |
| 2024-11-30 | GBX0.79 | GBX75.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Develop North 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.48%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.11x
- Recent ROE (5.87%) is above the historical average (2.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.88% | 64.22% | 0.06x | 1.01x | GBX-1.36 Million |
| 2018 | 3.30% | 61.17% | 0.05x | 1.12x | GBX-1.70 Million |
| 2019 | -5.24% | 0.00% | -0.02x | 1.17x | GBX-3.44 Million |
| 2020 | 3.79% | 63.22% | 0.06x | 1.06x | GBX-1.40 Million |
| 2021 | 4.11% | 64.87% | 0.06x | 1.01x | GBX-1.33 Million |
| 2022 | 2.33% | 49.19% | 0.04x | 1.19x | GBX-1.69 Million |
| 2023 | 1.26% | 31.11% | 0.04x | 1.01x | GBX-1.81 Million |
| 2024 | 5.87% | 77.48% | 0.07x | 1.11x | GBX-823.60K |
Industry Comparison
This section compares Develop North PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,704,100
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Develop North PLC (DVNO) | GBX19.93 Million | 3.88% | 0.16x | $229.45K |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $41.69 Million |
| Albion Enterprise VCT PLC (AAEV) | $140.65 Million | 2.37% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $154.40 Million | 26.46% | 0.07x | $5.95 Million |
| Abrdn Asia Focus PLC (AAS) | $121.96 Million | 12.34% | 0.07x | $7.74 Million |
| Albion Technology & General VCT PLC (AATG) | $121.25 Million | -5.20% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $3.74 Billion | 2.67% | 35.62x | $50.56 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $428.13 Million | 2.15% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $56.72 Million |
| Artemis UK Future Leaders plc (AFL) | $152.03 Million | 18.55% | 0.02x | $404.11 |
About Develop North PLC
Develop North PLC, an investment company, provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. The company also invests in financial assets, comprising loans. It makes investments primarily through senior secured loans; and other loans, such as bridging loans, subordinated loans, selected loan financings, and other debt instruments. The compa… Read more