Gresham House Income & Growth VCT plc (GHV1) - Net Assets
Based on the latest financial reports, Gresham House Income & Growth VCT plc (GHV1) has net assets worth GBX- GBX as of . Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX-) and total liabilities (GBX-). 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 | GBX- |
| % of Total Assets | 0% |
| Annual Growth Rate | 16.58% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.94 |
Gresham House Income & Growth VCT plc - Net Assets Trend (2021–2024)
This chart illustrates how Gresham House Income & Growth VCT 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 Gresham House Income & Growth VCT plc (2021–2024)
The table below shows the annual net assets of Gresham House Income & Growth VCT plc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX188.70 Million | +53.69% |
| 2023-09-30 | GBX122.78 Million | +13.25% |
| 2022-09-30 | GBX108.42 Million | -8.96% |
| 2021-09-30 | GBX119.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gresham House Income & Growth VCT 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | GBX188.70 Million | 100.00% |
| Total Equity | GBX188.70 Million | 100.00% |
Gresham House Income & Growth VCT plc Competitors by Market Cap
The table below lists competitors of Gresham House Income & Growth VCT plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OurLiving AB
ST:OURLIV
|
$2.16 Million |
|
Celtic plc
LSE:CCPA
|
$2.17 Million |
|
Ophir Gold Corp
V:OPHR
|
$2.17 Million |
|
Baronsmead Venture Trust Plc
LSE:BVT
|
$2.17 Million |
|
N. Leventeris S.A.
AT:LEBEK
|
$2.16 Million |
|
Indigo Exploration Inc.
V:IXI
|
$2.16 Million |
|
Nilsson Special Vehicles publ AB
ST:NILS
|
$2.16 Million |
|
British Smaller Companies Vct 2 Plc
LSE:BSC
|
$2.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gresham House Income & Growth VCT plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 122,777,786 to 188,695,667, a change of 65,917,881 (53.7%).
- Net income of 995,424 contributed positively to equity growth.
- Dividend payments of 12,684,997 reduced retained earnings.
- Share repurchases of 2,871,223 reduced equity.
- Other factors increased equity by 80,478,677.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX995.42K | +0.53% |
| Dividends Paid | GBX12.68 Million | -6.72% |
| Share Repurchases | GBX2.87 Million | -1.52% |
| Other Changes | GBX80.48 Million | +42.65% |
| Total Change | GBX- | 53.69% |
Book Value vs Market Value Analysis
This analysis compares Gresham House Income & Growth VCT 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: 78.28x
- 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 55.25x to 78.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | GBX1.00 | GBX55.50 | x |
| 2022-09-30 | GBX0.84 | GBX55.50 | x |
| 2023-09-30 | GBX0.79 | GBX55.50 | x |
| 2024-09-30 | GBX0.71 | GBX55.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gresham House Income & Growth VCT 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): 0.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.92%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.00x
- Recent ROE (0.53%) is below the historical average (7.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 35.15% | 98.95% | 0.35x | 1.01x | GBX29.95 Million |
| 2022 | -10.33% | 0.00% | -0.10x | 1.00x | GBX-22.05 Million |
| 2023 | 4.47% | 90.02% | 0.05x | 1.00x | GBX-6.79 Million |
| 2024 | 0.53% | 59.92% | 0.01x | 1.00x | GBX-17.87 Million |
Industry Comparison
This section compares Gresham House Income & Growth VCT plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $980,326,914
- Average return on equity (ROE) among peers: 3.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gresham House Income & Growth VCT plc (GHV1) | GBX- | 35.15% | N/A | $2.16 Million |
| 3I Infrastructure PLC (3IN) | $1.05 Billion | 4.05% | 0.20x | $40.85 Million |
| 450 PLC (450) | $2.91 Million | -24.43% | 0.08x | $171.40K |
| abrdn Asian Income Fund Limited (AAIF) | $450.79 Million | 10.05% | 0.11x | $5.24 Million |
| Abrdn Asia Focus PLC (AAS) | $441.01 Million | 6.12% | 0.13x | $7.34 Million |
| Albion Technology & General VCT PLC (AATG) | $10.72 Million | 4.28% | 0.02x | $3.22 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $45.78 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $436.77 Million | 5.46% | 0.14x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $217.99K |
| Aquila European Renewables Income PLC (AERI) | $451.65 Million | 11.98% | 0.01x | $92.83 Million |
| Artemis UK Future Leaders plc (AFL) | $220.75 Million | 16.27% | 0.00x | $4.20 |
About Gresham House Income & Growth VCT plc
Gresham House Income & Growth VCT plc is a venture capital trust. It invests in companies at various stages of development. The fund invests in unquoted and new and secondary issues of quoted companies, which already have a trading facility on the Alternative Investment Market or on OFEX. It primarily makes investments in support services, software and computer services and general retailers. It … Read more