Empiric Student Property Plc
Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets in a multi building cluster operational model, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Stu… Read more
Empiric Student Property Plc (ESP) - Net Assets
Latest net assets as of June 2025: GBX807.40 Million GBX
Based on the latest financial reports, Empiric Student Property Plc (ESP) has net assets worth GBX807.40 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 (GBX1.21 Billion) and total liabilities (GBX402.10 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 | GBX807.40 Million |
| % of Total Assets | 66.75% |
| Annual Growth Rate | 18.31% |
| 5-Year Change | 26.53% |
| 10-Year Change | 50.94% |
| Growth Volatility | 499.33 |
Empiric Student Property Plc - Net Assets Trend (2014–2024)
This chart illustrates how Empiric Student Property 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 Empiric Student Property Plc (2014–2024)
The table below shows the annual net assets of Empiric Student Property Plc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX801.30 Million | +9.14% |
| 2023-12-31 | GBX734.20 Million | +4.77% |
| 2022-12-31 | GBX700.80 Million | +8.22% |
| 2021-12-31 | GBX647.60 Million | +2.26% |
| 2020-12-31 | GBX633.28 Million | -4.74% |
| 2019-12-31 | GBX664.76 Million | +3.89% |
| 2018-12-31 | GBX639.89 Million | +1.69% |
| 2017-12-31 | GBX629.26 Million | +1872.75% |
| 2017-06-30 | GBX31.90 Million | -93.99% |
| 2016-12-31 | GBX530.87 Million | +0.52% |
| 2016-06-30 | GBX528.11 Million | -27.32% |
| 2015-12-31 | GBX726.60 Million | +202.25% |
| 2015-06-30 | GBX240.39 Million | +61.26% |
| 2014-12-31 | GBX149.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Empiric Student Property 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 9281.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX338.50 Million | 42.24% |
| Common Stock | GBX6.60 Million | 0.82% |
| Other Comprehensive Income | GBX402.10 Million | 50.18% |
| Other Components | GBX54.10 Million | 6.75% |
| Total Equity | GBX801.30 Million | 100.00% |
Empiric Student Property Plc Competitors by Market Cap
The table below lists competitors of Empiric Student Property Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UOL GROUP (U1O.SG)
STU:U1O
|
$64.69K |
|
BCPX39
SA:BCPX39
|
$64.69K |
|
Soiltech ASA
OL:STECH
|
$64.73K |
|
Mmcité a.s.
PR:MMCTE
|
$64.78K |
|
Whanin Pharmaceutical Co. Ltd.
KQ:016580
|
$64.63K |
|
The City of London Investment Trust plc
F:CLN
|
$64.61K |
|
IDEMITSU KOSAN
BE:I7B
|
$64.47K |
|
NSK LTD
MU:NSK
|
$64.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Empiric Student Property Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 734,200,000 to 801,300,000, a change of 67,100,000 (9.1%).
- Net income of 34,400,000 contributed positively to equity growth.
- Dividend payments of 22,500,000 reduced retained earnings.
- New share issuances of 54,300,000 increased equity.
- Other comprehensive income decreased equity by 22,000,000.
- Other factors increased equity by 22,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX34.40 Million | +4.29% |
| Dividends Paid | GBX22.50 Million | -2.81% |
| Share Issuances | GBX54.30 Million | +6.78% |
| Other Comprehensive Income | GBX-22.00 Million | -2.75% |
| Other Changes | GBX22.90 Million | +2.86% |
| Total Change | GBX- | 9.14% |
Book Value vs Market Value Analysis
This analysis compares Empiric Student Property 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: 60.70x
- 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 49.55x to 60.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-06-30 | GBX1.61 | GBX80.00 | x |
| 2016-06-30 | GBX1.37 | GBX80.00 | x |
| 2016-12-31 | GBX1.05 | GBX80.00 | x |
| 2017-12-31 | GBX1.16 | GBX80.00 | x |
| 2018-12-31 | GBX1.06 | GBX80.00 | x |
| 2019-12-31 | GBX1.10 | GBX80.00 | x |
| 2020-12-31 | GBX1.05 | GBX80.00 | x |
| 2021-12-31 | GBX1.07 | GBX80.00 | x |
| 2022-12-31 | GBX1.15 | GBX80.00 | x |
| 2023-12-31 | GBX1.21 | GBX80.00 | x |
| 2024-12-31 | GBX1.32 | GBX80.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Empiric Student Property 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): 4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.86%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.53x
- Recent ROE (4.29%) is below the historical average (5.22%), 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 | 5.92% | 167.99% | 0.03x | 1.38x | GBX-9.82 Million |
| 2016 | 5.32% | 130.19% | 0.03x | 1.33x | GBX-24.69 Million |
| 2016 | 6.38% | 87.06% | 0.05x | 1.51x | GBX-19.19 Million |
| 2017 | 3.30% | 40.48% | 0.05x | 1.55x | GBX-42.18 Million |
| 2018 | 6.29% | 62.78% | 0.06x | 1.59x | GBX-23.71 Million |
| 2019 | 8.24% | 77.24% | 0.07x | 1.59x | GBX-11.70 Million |
| 2020 | -3.79% | -40.32% | 0.06x | 1.67x | GBX-87.30 Million |
| 2021 | 4.51% | 52.17% | 0.05x | 1.65x | GBX-35.56 Million |
| 2022 | 9.66% | 92.74% | 0.06x | 1.64x | GBX-2.38 Million |
| 2023 | 7.27% | 66.34% | 0.07x | 1.57x | GBX-20.02 Million |
| 2024 | 4.29% | 40.86% | 0.07x | 1.53x | GBX-45.73 Million |
Industry Comparison
This section compares Empiric Student Property Plc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $347,080,442
- Average return on equity (ROE) among peers: 2.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Empiric Student Property Plc (ESP) | GBX807.40 Million | 5.92% | 0.50x | $64.65K |
| KCR Residential Reit PLC (KCR) | $12.65 Million | 2.59% | 1.16x | $429.68 |
| PRS Reit PLC (PRSR) | $785.38 Million | 9.81% | 0.56x | $75.52K |
| Residential Secure Income plc (RESI) | $151.00 Million | -6.65% | 1.45x | $13.34K |
| Triple Point Social Housing REIT PLC (SOHO) | $439.29 Million | 5.67% | 0.60x | $36.67K |