F&C Investment Trust PLC
F&C Investment Trust PLC operates closed ended fund. Its objective is to secure long term growth in capital and income from an international investment portfolio. F&C Management Limited manages the investment portfolio of the company. The company is based in London, the United Kingdom.
F&C Investment Trust PLC (FCIT) - Net Assets
Latest net assets as of June 2025: GBX5.62 Billion GBX
Based on the latest financial reports, F&C Investment Trust PLC (FCIT) has net assets worth GBX5.62 Billion GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX6.22 Billion) and total liabilities (GBX601.26 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 | GBX5.62 Billion |
| % of Total Assets | 90.34% |
| Annual Growth Rate | 2.8% |
| 5-Year Change | 25.87% |
| 10-Year Change | 110.15% |
| Growth Volatility | 13.83 |
F&C Investment Trust PLC - Net Assets Trend (2000–2024)
This chart illustrates how F&C Investment 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 F&C Investment Trust PLC (2000–2024)
The table below shows the annual net assets of F&C Investment Trust PLC from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.68 Billion | +12.79% |
| 2023-12-31 | GBX5.03 Billion | +8.27% |
| 2022-12-31 | GBX4.65 Billion | -11.95% |
| 2021-12-31 | GBX5.28 Billion | +17.05% |
| 2020-12-31 | GBX4.51 Billion | +9.80% |
| 2019-12-31 | GBX4.11 Billion | +17.67% |
| 2018-12-31 | GBX3.49 Billion | -4.80% |
| 2017-12-31 | GBX3.67 Billion | +14.15% |
| 2016-12-31 | GBX3.21 Billion | +18.92% |
| 2015-12-31 | GBX2.70 Billion | +4.84% |
| 2014-12-31 | GBX2.58 Billion | +6.06% |
| 2013-12-31 | GBX2.43 Billion | +16.90% |
| 2012-12-31 | GBX2.08 Billion | +7.84% |
| 2011-12-31 | GBX1.93 Billion | -10.04% |
| 2010-12-31 | GBX2.14 Billion | +9.42% |
| 2009-12-31 | GBX1.96 Billion | +9.88% |
| 2008-12-31 | GBX1.78 Billion | -28.44% |
| 2007-12-31 | GBX2.49 Billion | +3.44% |
| 2006-12-31 | GBX2.41 Billion | -0.24% |
| 2005-12-31 | GBX2.41 Billion | +13.26% |
| 2004-12-31 | GBX2.13 Billion | +4.39% |
| 2003-12-31 | GBX2.04 Billion | +20.28% |
| 2002-12-31 | GBX1.70 Billion | -27.92% |
| 2001-12-31 | GBX2.35 Billion | -19.61% |
| 2000-12-31 | GBX2.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to F&C Investment 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 10093.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX5.42 Billion | 95.37% |
| Common Stock | GBX140.46 Million | 2.47% |
| Other Comprehensive Income | GBX122.31 Million | 2.15% |
| Other Components | GBX1.00 | 0.00% |
| Total Equity | GBX5.68 Billion | 100.00% |
F&C Investment Trust PLC Competitors by Market Cap
The table below lists competitors of F&C Investment Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tonopah Divide Mining Co
PINK:TODM
|
$1.37K |
|
Empresaria Group plc
LSE:EMR
|
$1.37K |
|
GAMES BOX S.A. ZY-10
F:ZN6
|
$1.37K |
|
Cadogan Petroleum plc
LSE:CAD
|
$1.37K |
|
Flying Cement Co Ltd
KAR:FLYNG
|
$1.37K |
|
Kelso Group Holdings PLC
LSE:KLSO
|
$1.37K |
|
HANIC
VN:SHN
|
$1.36K |
|
JASA MARGA -B- (0JM.SG)
STU:0JM
|
$1.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in F&C Investment Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,034,487,000 to 5,678,522,000, a change of 644,035,000 (12.8%).
- Net income of 999,759,000 contributed positively to equity growth.
- Dividend payments of 75,604,000 reduced retained earnings.
- Share repurchases of 281,473,000 reduced equity.
- Other comprehensive income decreased equity by 1.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX999.76 Million | +17.61% |
| Dividends Paid | GBX75.60 Million | -1.33% |
| Share Repurchases | GBX281.47 Million | -4.96% |
| Other Comprehensive Income | GBX-1.00 | -0.0% |
| Other Changes | GBX1.35 Million | +0.02% |
| Total Change | GBX- | 12.79% |
Book Value vs Market Value Analysis
This analysis compares F&C Investment 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: 106.63x
- 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 680.96x to 106.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | GBX1.79 | GBX1218.00 | x |
| 2003-12-31 | GBX2.15 | GBX1218.00 | x |
| 2004-12-31 | GBX2.31 | GBX1218.00 | x |
| 2005-12-31 | GBX2.74 | GBX1218.00 | x |
| 2006-12-31 | GBX3.08 | GBX1218.00 | x |
| 2007-12-31 | GBX3.47 | GBX1218.00 | x |
| 2008-12-31 | GBX2.62 | GBX1218.00 | x |
| 2009-12-31 | GBX2.92 | GBX1218.00 | x |
| 2010-12-31 | GBX3.47 | GBX1218.00 | x |
| 2011-12-31 | GBX3.23 | GBX1218.00 | x |
| 2012-12-31 | GBX3.57 | GBX1218.00 | x |
| 2013-12-31 | GBX4.25 | GBX1218.00 | x |
| 2014-12-31 | GBX4.55 | GBX1218.00 | x |
| 2015-12-31 | GBX4.82 | GBX1218.00 | x |
| 2016-12-31 | GBX5.82 | GBX1218.00 | x |
| 2017-12-31 | GBX6.74 | GBX1218.00 | x |
| 2018-12-31 | GBX6.44 | GBX1218.00 | x |
| 2019-12-31 | GBX7.57 | GBX1218.00 | x |
| 2020-12-31 | GBX8.34 | GBX1218.00 | x |
| 2021-12-31 | GBX9.92 | GBX1218.00 | x |
| 2022-12-31 | GBX8.74 | GBX1218.00 | x |
| 2023-12-31 | GBX9.76 | GBX1218.00 | x |
| 2024-12-31 | GBX11.42 | GBX1218.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently F&C Investment 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): 17.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 155.03%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.10x
- Recent ROE (17.61%) is above the historical average (9.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.58% | 93.24% | 0.18x | 1.11x | GBX175.24 Million |
| 2004 | 8.23% | 86.12% | 0.09x | 1.10x | GBX-37.64 Million |
| 2005 | 21.34% | 94.43% | 0.22x | 1.05x | GBX273.77 Million |
| 2006 | 9.93% | 88.28% | 0.10x | 1.09x | GBX-1.61 Million |
| 2007 | 12.82% | 90.59% | 0.13x | 1.09x | GBX70.36 Million |
| 2008 | -36.36% | 0.00% | -0.31x | 1.13x | GBX-826.42 Million |
| 2009 | 17.42% | 92.34% | 0.18x | 1.06x | GBX145.28 Million |
| 2010 | 13.44% | 91.03% | 0.13x | 1.13x | GBX73.68 Million |
| 2011 | -5.91% | 0.00% | -0.04x | 1.16x | GBX-306.64 Million |
| 2012 | 11.48% | 97.63% | 0.10x | 1.16x | GBX30.75 Million |
| 2013 | 17.52% | 98.68% | 0.16x | 1.09x | GBX182.73 Million |
| 2014 | 8.94% | 97.29% | 0.08x | 1.10x | GBX-27.40 Million |
| 2015 | 7.13% | 96.56% | 0.07x | 1.11x | GBX-77.45 Million |
| 2016 | 19.37% | 98.59% | 0.18x | 1.08x | GBX301.17 Million |
| 2017 | 14.60% | 98.11% | 0.14x | 1.08x | GBX168.71 Million |
| 2018 | -3.39% | 0.00% | -0.03x | 1.10x | GBX-467.41 Million |
| 2019 | 16.48% | 98.26% | 0.15x | 1.11x | GBX266.17 Million |
| 2020 | 11.24% | 97.89% | 0.11x | 1.09x | GBX55.95 Million |
| 2021 | 17.41% | 98.77% | 0.16x | 1.11x | GBX391.18 Million |
| 2022 | -10.57% | 0.00% | -0.09x | 1.13x | GBX-956.36 Million |
| 2023 | 10.58% | 98.25% | 0.10x | 1.12x | GBX29.40 Million |
| 2024 | 17.61% | 155.03% | 0.10x | 1.10x | GBX431.91 Million |
Industry Comparison
This section compares F&C Investment 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 |
|---|---|---|---|---|
| F&C Investment Trust PLC (FCIT) | GBX5.62 Billion | 18.58% | 0.11x | $1.37K |
| 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 |