GCP Asset Backed Income Fund Limited
Project Finance Investments Limited is an investment firm based in Jersey, Channel Islands.
GCP Asset Backed Income Fund Limited (GABI) - Net Assets
Latest net assets as of June 2025: GBX172.04 Million GBX
Based on the latest financial reports, GCP Asset Backed Income Fund Limited (GABI) has net assets worth GBX172.04 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 (GBX172.63 Million) and total liabilities (GBX590.00K). 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 | GBX172.04 Million |
| % of Total Assets | 99.66% |
| Annual Growth Rate | 0.87% |
| 5-Year Change | -60.79% |
| 10-Year Change | N/A |
| Growth Volatility | 33.11 |
GCP Asset Backed Income Fund Limited - Net Assets Trend (2016–2024)
This chart illustrates how GCP Asset Backed Income Fund Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GCP Asset Backed Income Fund Limited (2016–2024)
The table below shows the annual net assets of GCP Asset Backed Income Fund Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX176.37 Million | -55.54% |
| 2023-12-31 | GBX396.75 Million | -3.70% |
| 2022-12-31 | GBX412.00 Million | -5.97% |
| 2021-12-31 | GBX438.17 Million | -2.58% |
| 2020-12-31 | GBX449.76 Million | -0.46% |
| 2019-12-31 | GBX451.85 Million | +16.88% |
| 2018-12-31 | GBX386.59 Million | +57.77% |
| 2017-12-31 | GBX245.03 Million | +48.89% |
| 2016-12-31 | GBX164.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GCP Asset Backed Income Fund Limited'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 3486.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX256.26 Million | 145.29% |
| Total Equity | GBX176.37 Million | 100.00% |
GCP Asset Backed Income Fund Limited Competitors by Market Cap
The table below lists competitors of GCP Asset Backed Income Fund Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
R-Three Technologies Inc
PINK:RRRT
|
$72.98 |
|
ELLAH LAKES PLC
XNSA:ELLAHLAKES
|
$73.01 |
|
CHAR OIL & GAS
BE:C62
|
$73.32 |
|
ArthaLand Corp
PSE:ALCO
|
$73.64 |
|
ATN Holdings Inc B
PSE:ATNB
|
$72.65 |
|
Tiderock Companies Inc
PINK:TDRK
|
$72.20 |
|
NMBZ HOLDINGS LIMITED
XZIM:NMB
|
$72.16 |
|
Ultimate Sports Inc
PINK:USPS
|
$72.12 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GCP Asset Backed Income Fund Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 396,745,000 to 176,374,000, a change of -220,371,000 (-55.5%).
- Net loss of 10,342,000 reduced equity.
- Dividend payments of 21,873,000 reduced retained earnings.
- Share repurchases of 188,156,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-10.34 Million | -5.86% |
| Dividends Paid | GBX21.87 Million | -12.4% |
| Share Repurchases | GBX188.16 Million | -106.68% |
| Total Change | GBX- | -55.54% |
Book Value vs Market Value Analysis
This analysis compares GCP Asset Backed Income Fund Limited'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: 124.31x
- 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 24.46x to 124.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | GBX2.72 | GBX66.40 | x |
| 2017-12-31 | GBX1.91 | GBX66.40 | x |
| 2018-12-31 | GBX2.31 | GBX66.40 | x |
| 2019-12-31 | GBX2.17 | GBX66.40 | x |
| 2020-12-31 | GBX2.01 | GBX66.40 | x |
| 2021-12-31 | GBX1.96 | GBX66.40 | x |
| 2022-12-31 | GBX1.85 | GBX66.40 | x |
| 2023-12-31 | GBX1.83 | GBX66.40 | x |
| 2024-12-31 | GBX0.53 | GBX66.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GCP Asset Backed Income Fund Limited 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): -5.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.03x
- • Equity Multiplier: 1.01x
- Recent ROE (-5.86%) is below the historical average (3.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.38% | 77.88% | 0.06x | 1.00x | GBX-9.25 Million |
| 2017 | 5.72% | 83.90% | 0.05x | 1.32x | GBX-10.49 Million |
| 2018 | 5.60% | 89.98% | 0.06x | 1.01x | GBX-17.02 Million |
| 2019 | 6.20% | 93.81% | 0.06x | 1.02x | GBX-17.15 Million |
| 2020 | 6.09% | 91.64% | 0.07x | 1.01x | GBX-17.58 Million |
| 2021 | 3.43% | 87.57% | 0.04x | 1.05x | GBX-28.70 Million |
| 2022 | 1.87% | 75.37% | 0.02x | 1.08x | GBX-33.51 Million |
| 2023 | 4.60% | 72.67% | 0.06x | 1.00x | GBX-21.41 Million |
| 2024 | -5.86% | 0.00% | -0.03x | 1.01x | GBX-27.98 Million |
Industry Comparison
This section compares GCP Asset Backed Income Fund Limited'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 |
|---|---|---|---|---|
| GCP Asset Backed Income Fund Limited (GABI) | GBX172.04 Million | 4.38% | 0.00x | $72.94 |
| 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 |