The European Smaller Companies Trust PLC (ESCT) - Net Assets
Based on the latest financial reports, The European Smaller Companies Trust PLC (ESCT) has net assets worth GBX839.62 Million GBX (≈ $102.16K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX890.78 Million ≈ $108.38K USD) and total liabilities (GBX51.16 Million ≈ $6.23K 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. Read The European Smaller Companies Trust PLC debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX839.62 Million |
| % of Total Assets | 94.26% |
| Annual Growth Rate | 1.96% |
| 5-Year Change | -39.25% |
| 10-Year Change | 35.21% |
| Growth Volatility | 27.15 |
The European Smaller Companies Trust PLC - Net Assets Trend (2004–2025)
This chart illustrates how The European Smaller Companies Trust PLC's net assets have evolved over time, based on quarterly financial data. Also explore The European Smaller Companies Trust PLC total assets for the complete picture of this company's asset base.
Annual Net Assets for The European Smaller Companies Trust PLC (2004–2025)
The table below shows the annual net assets of The European Smaller Companies Trust PLC from 2004 to 2025. For live valuation and market cap data, see The European Smaller Companies Trust PLC (ESCT) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX510.68 Million ≈ $62.13K |
-36.05% |
| 2024-06-30 | GBX798.59 Million ≈ $97.17K |
+8.12% |
| 2023-06-30 | GBX738.64 Million ≈ $89.87K |
+13.21% |
| 2022-06-30 | GBX652.46 Million ≈ $79.39K |
-22.39% |
| 2021-06-30 | GBX840.67 Million ≈ $102.28K |
+60.62% |
| 2020-06-30 | GBX523.37 Million ≈ $63.68K |
+0.45% |
| 2019-06-30 | GBX521.02 Million ≈ $63.39K |
-9.32% |
| 2018-06-30 | GBX574.59 Million ≈ $69.91K |
+0.90% |
| 2017-06-30 | GBX569.46 Million ≈ $69.29K |
+50.78% |
| 2016-06-30 | GBX377.68 Million ≈ $45.95K |
+11.86% |
| 2015-06-30 | GBX337.64 Million ≈ $41.08K |
+3.68% |
| 2014-06-30 | GBX325.68 Million ≈ $39.63K |
+32.32% |
| 2013-06-30 | GBX246.12 Million ≈ $29.95K |
+33.04% |
| 2012-06-30 | GBX185.01 Million ≈ $22.51K |
-30.03% |
| 2011-06-30 | GBX264.41 Million ≈ $32.17K |
+32.55% |
| 2010-06-30 | GBX199.48 Million ≈ $24.27K |
-7.39% |
| 2009-06-30 | GBX215.40 Million ≈ $26.21K |
-35.09% |
| 2008-06-30 | GBX331.85 Million ≈ $40.38K |
-27.87% |
| 2007-06-30 | GBX460.08 Million ≈ $55.98K |
+25.90% |
| 2006-06-30 | GBX365.43 Million ≈ $44.46K |
+23.93% |
| 2005-06-30 | GBX294.87 Million ≈ $35.88K |
-13.27% |
| 2004-06-30 | GBX339.99 Million ≈ $41.37K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to The European Smaller Companies 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 grown by 3302500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX33.02 Million | 6.47% |
| Common Stock | GBX4.36 Million | 0.85% |
| Other Comprehensive Income | GBX352.93 Million | 69.11% |
| Other Components | GBX120.36 Million | 23.57% |
| Total Equity | GBX510.68 Million | 100.00% |
The European Smaller Companies Trust PLC Competitors by Market Cap
The table below lists competitors of The European Smaller Companies Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exact Therapeutics AS
OL:EXTX
|
$9.59 Million |
|
CoinSmart Financial Inc
NEO:SMRT
|
$9.59 Million |
|
Leslies Inc
NASDAQ:LESL
|
$9.60 Million |
|
CPL Group Public Company Limited
BK:CPL
|
$9.60 Million |
|
Semac Consultants Limited
NSE:SEMAC
|
$9.59 Million |
|
Titan Logix Corp.
V:TLA
|
$9.58 Million |
|
Entero Therapeutics, Inc.
NASDAQ:ENTO
|
$9.58 Million |
|
Perfect Moment Ltd.
NYSE MKT:PMNT
|
$9.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The European Smaller Companies Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 798,594,000 to 510,677,000, a change of -287,917,000 (-36.1%).
- Net income of 90,057,000 contributed positively to equity growth.
- Dividend payments of 18,898,000 reduced retained earnings.
- Share repurchases of 114,860,000 reduced equity.
- Other comprehensive income decreased equity by 283,071,000.
- Other factors increased equity by 38,855,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX90.06 Million | +17.63% |
| Dividends Paid | GBX18.90 Million | -3.7% |
| Share Repurchases | GBX114.86 Million | -22.49% |
| Other Comprehensive Income | GBX-283.07 Million | -55.43% |
| Other Changes | GBX38.85 Million | +7.61% |
| Total Change | GBX- | -36.05% |
Book Value vs Market Value Analysis
This analysis compares The European Smaller Companies 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: 165.18x
- 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 811.73x to 165.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | GBX0.28 | GBX225.00 | x |
| 2005-06-30 | GBX0.26 | GBX225.00 | x |
| 2006-06-30 | GBX0.50 | GBX225.00 | x |
| 2007-06-30 | GBX0.67 | GBX225.00 | x |
| 2008-06-30 | GBX0.54 | GBX225.00 | x |
| 2009-06-30 | GBX0.39 | GBX225.00 | x |
| 2010-06-30 | GBX0.43 | GBX225.00 | x |
| 2011-06-30 | GBX0.65 | GBX225.00 | x |
| 2012-06-30 | GBX0.46 | GBX225.00 | x |
| 2013-06-30 | GBX0.62 | GBX225.00 | x |
| 2014-06-30 | GBX0.81 | GBX225.00 | x |
| 2015-06-30 | GBX0.84 | GBX225.00 | x |
| 2016-06-30 | GBX0.94 | GBX225.00 | x |
| 2017-06-30 | GBX1.43 | GBX225.00 | x |
| 2018-06-30 | GBX1.44 | GBX225.00 | x |
| 2019-06-30 | GBX1.30 | GBX225.00 | x |
| 2020-06-30 | GBX1.31 | GBX225.00 | x |
| 2021-06-30 | GBX2.10 | GBX225.00 | x |
| 2022-06-30 | GBX1.63 | GBX225.00 | x |
| 2023-06-30 | GBX1.84 | GBX225.00 | x |
| 2024-06-30 | GBX2.00 | GBX225.00 | x |
| 2025-06-30 | GBX1.36 | GBX225.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The European Smaller Companies 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): 17.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.81%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.03x
- Recent ROE (17.63%) is above the historical average (9.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 31.68% | 96.44% | 0.32x | 1.01x | GBX73.71 Million |
| 2005 | 34.76% | 91.67% | 0.36x | 1.07x | GBX73.00 Million |
| 2006 | 26.82% | 92.11% | 0.28x | 1.03x | GBX61.47 Million |
| 2007 | 27.31% | 93.47% | 0.27x | 1.07x | GBX79.66 Million |
| 2008 | -25.47% | 0.00% | -0.23x | 1.06x | GBX-117.70 Million |
| 2009 | -42.31% | 0.00% | -0.41x | 1.02x | GBX-112.68 Million |
| 2010 | 18.28% | 94.86% | 0.19x | 1.02x | GBX16.51 Million |
| 2011 | 26.82% | 97.45% | 0.27x | 1.04x | GBX44.48 Million |
| 2012 | -40.62% | 0.00% | -0.36x | 1.11x | GBX-93.65 Million |
| 2013 | 26.05% | 98.58% | 0.23x | 1.15x | GBX39.50 Million |
| 2014 | 25.65% | 98.71% | 0.22x | 1.16x | GBX50.98 Million |
| 2015 | 4.91% | 93.37% | 0.05x | 1.13x | GBX-17.20 Million |
| 2016 | 11.86% | 97.85% | 0.11x | 1.10x | GBX7.01 Million |
| 2017 | 35.04% | 99.29% | 0.32x | 1.10x | GBX142.59 Million |
| 2018 | 1.73% | 84.86% | 0.02x | 1.09x | GBX-47.52 Million |
| 2019 | -8.21% | 0.00% | -0.07x | 1.12x | GBX-94.90 Million |
| 2020 | 2.58% | 90.34% | 0.03x | 1.10x | GBX-38.81 Million |
| 2021 | 39.08% | 275.08% | 0.13x | 1.11x | GBX244.45 Million |
| 2022 | -26.78% | -371.63% | 0.06x | 1.12x | GBX-239.96 Million |
| 2023 | 14.13% | 97.34% | 0.13x | 1.14x | GBX30.52 Million |
| 2024 | 10.63% | 97.54% | 0.10x | 1.12x | GBX5.04 Million |
| 2025 | 17.63% | 55.81% | 0.31x | 1.03x | GBX38.99 Million |
Industry Comparison
This section compares The European Smaller Companies Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The European Smaller Companies Trust PLC (ESCT) | GBX839.62 Million | 31.68% | 0.06x | $9.59 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About The European Smaller Companies Trust PLC
TR European Growth Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of Europe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies. It employs … Read more