General Accident PLC
General Accident Plc engages in providing loans to Aviva plc. The company was formerly known as Forward Link Plc and changed its name to General Accident plc on February 22, 1990. General Accident plc was incorporated in 1989 and is based in Perth, United Kingdom. General Accident Plc operates as a subsidiary of Aviva plc.
General Accident PLC (GACA) - Net Assets
Latest net assets as of December 2017: GBX13.94 Billion GBX
Based on the latest financial reports, General Accident PLC (GACA) has net assets worth GBX13.94 Billion GBX as of December 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX13.97 Billion) and total liabilities (GBX32.00 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 | GBX13.94 Billion |
| % of Total Assets | 99.77% |
| Annual Growth Rate | -0.06% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.2 |
General Accident PLC - Net Assets Trend (2013–2017)
This chart illustrates how General Accident 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 General Accident PLC (2013–2017)
The table below shows the annual net assets of General Accident PLC from 2013 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | GBX13.94 Billion | +0.19% |
| 2016-12-31 | GBX13.91 Billion | -0.02% |
| 2015-12-31 | GBX13.92 Billion | -0.37% |
| 2014-12-31 | GBX13.97 Billion | -0.02% |
| 2013-12-31 | GBX13.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to General Accident 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 80.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX45.00 Million | 0.32% |
| Common Stock | GBX4.78 Billion | 34.31% |
| Other Components | GBX9.11 Billion | 65.37% |
| Total Equity | GBX13.94 Billion | 100.00% |
General Accident PLC Competitors by Market Cap
The table below lists competitors of General Accident PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Classover Holdings, Inc. Warrants
NASDAQ:KIDZW
|
$127.05 |
|
Blue Star Opportunities Corp
PINK:BSTO
|
$127.34 |
|
Portmeirion Group
LSE:PMGR
|
$127.39 |
|
Aviva plc 8.75% CUM IRRD PRF GBP1
LSE:AV-A
|
$127.42 |
|
Multicorp Intl Inc.
PINK:MCIC
|
$126.21 |
|
Crystal Amber Fund Limited
LSE:CRS
|
$126.07 |
|
Powerstone Metals Corp.
PINK:PWMCF
|
$126.04 |
|
PICIC Insurance Ltd
KAR:PIL
|
$125.98 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General Accident PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 13,932,000,000 to 13,935,000,000, a change of 3,000,000 (0.0%).
- Net income of 449,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 4,781,000,000.
- Other factors decreased equity by 5,227,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX449.00 Million | +3.22% |
| Other Comprehensive Income | GBX4.78 Billion | +34.31% |
| Other Changes | GBX-5.23 Billion | -37.51% |
| Total Change | GBX- | 0.02% |
Book Value vs Market Value Analysis
This analysis compares General Accident 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: 150.97x
- 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 151.19x to 150.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | GBX0.73 | GBX110.00 | x |
| 2013-12-31 | GBX0.69 | GBX110.00 | x |
| 2014-12-31 | GBX0.69 | GBX110.00 | x |
| 2015-12-31 | GBX0.73 | GBX110.00 | x |
| 2016-12-31 | GBX0.73 | GBX110.00 | x |
| 2017-12-31 | GBX0.73 | GBX110.00 | x |
| 2018-12-31 | GBX0.73 | GBX110.00 | x |
| 2019-12-31 | GBX0.73 | GBX110.00 | x |
| 2020-12-31 | GBX0.73 | GBX110.00 | x |
| 2021-12-31 | GBX0.73 | GBX110.00 | x |
| 2022-12-31 | GBX0.73 | GBX110.00 | x |
| 2023-12-31 | GBX0.73 | GBX110.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General Accident 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 100.00%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.00x
- Recent ROE (3.22%) is above the historical average (1.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.53% | 75.53% | 0.00x | 0.00x | GBX-1.18 Billion |
| 2013 | 1.34% | 76.54% | 0.02x | 1.01x | GBX-1.21 Billion |
| 2014 | 1.24% | 70.04% | 0.02x | 1.01x | GBX-1.22 Billion |
| 2015 | 0.95% | 79.52% | 0.01x | 1.01x | GBX-1.26 Billion |
| 2016 | 0.92% | 80.00% | 0.01x | 1.00x | GBX-1.26 Billion |
| 2017 | 0.99% | 100.00% | 0.01x | 1.00x | GBX-1.26 Billion |
| 2018 | 1.03% | 98.63% | 0.01x | 1.00x | GBX-1.25 Billion |
| 2019 | 1.16% | 100.00% | 0.01x | 1.00x | GBX-1.23 Billion |
| 2020 | 0.86% | 100.00% | 0.01x | 1.00x | GBX-1.27 Billion |
| 2021 | 0.47% | 100.00% | 0.00x | 1.00x | GBX-1.33 Billion |
| 2022 | 0.47% | 100.00% | 0.00x | 1.00x | GBX-1.33 Billion |
| 2023 | 3.22% | 100.00% | 0.03x | 1.00x | GBX-944.50 Million |
Industry Comparison
This section compares General Accident PLC's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $60,326,701
- Average return on equity (ROE) among peers: -6.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General Accident PLC (GACA) | GBX13.94 Billion | 1.53% | 0.00x | $126.54 |
| Amigo Holdings PLC (AMGO) | $0.00 | 0.00% | 0.00x | $2.59K |
| ASA International Group PLC (ASAI) | $107.07 Million | -0.67% | 4.41x | $25.43K |
| Fiinu PLC (BANK) | $332.01K | -45.41% | 2.90x | $4.00K |
| Distribution Finance Capital Holdings PLC (DFCH) | $50.89 Million | -26.73% | 2.96x | $10.03K |
| Equals Group PLC (EQLS) | $49.52 Million | -10.85% | 0.46x | $34.33K |
| H&T Group plc (HAT) | $192.13 Million | 11.57% | 0.51x | $34.39K |
| ICFG Limited (ICFG) | $-7.14 Million | 0.00% | 0.00x | $19.53 |
| Sancus Lending Group Ltd (LEND) | $61.25 Million | 3.32% | 1.93x | $278.52 |
| Litigation Capital Management Limited (LIT) | $88.89 Million | 9.97% | 1.25x | $1.34K |