The Global Smaller Companies Trust Plc Net Assets
The Global Smaller Companies Trust Plc net assets. Based on the latest financial reports, The Global Smaller Companies Trust Plc (GSCT) has net assets worth GBX820.06 Million GBX (≈ $99.78K USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX872.62 Million ≈ $106.17K USD) and total liabilities (GBX52.56 Million ≈ $6.40K USD). 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. Also explore The Global Smaller Companies Trust Plc net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX820.06 Million |
| % of Total Assets | 93.98% |
| Annual Growth Rate | 5.84% |
| 5-Year Change | -13.25% |
| 10-Year Change | 11.83% |
| Growth Volatility | 18.74 |
Net Assets of The Global Smaller Companies Trust Plc (2004–2026)
Net assets of The Global Smaller Companies Trust Plc from 2004 to 2026. This chart illustrates how The Global Smaller Companies Trust Plc's net assets have evolved over time, based on quarterly financial data. See The Global Smaller Companies Trust Plc balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for The Global Smaller Companies Trust Plc (2004–2026)
The table below shows the annual net assets of The Global Smaller Companies Trust Plc from 2004 to 2026. For live market cap and overall valuation, see The Global Smaller Companies Trust Plc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-04-30 | GBX820.06 Million ≈ $99.78K |
+11.30% |
| 2025-04-30 | GBX736.82 Million ≈ $89.65K |
-15.31% |
| 2024-04-30 | GBX870.06 Million ≈ $105.86K |
+1.24% |
| 2023-04-30 | GBX859.43 Million ≈ $104.57K |
-9.08% |
| 2022-04-30 | GBX945.30 Million ≈ $115.02K |
-6.17% |
| 2021-04-30 | GBX1.01 Billion ≈ $122.58K |
+38.68% |
| 2020-04-30 | GBX726.51 Million ≈ $88.40K |
-14.99% |
| 2019-04-30 | GBX854.62 Million ≈ $103.98K |
+3.36% |
| 2018-04-30 | GBX826.83 Million ≈ $100.60K |
+12.76% |
| 2017-04-30 | GBX733.28 Million ≈ $89.22K |
+32.55% |
| 2016-04-30 | GBX553.19 Million ≈ $67.31K |
+7.01% |
| 2015-04-30 | GBX516.96 Million ≈ $62.90K |
+19.92% |
| 2014-04-30 | GBX431.09 Million ≈ $52.45K |
+26.76% |
| 2013-04-30 | GBX340.09 Million ≈ $41.38K |
+37.81% |
| 2012-04-30 | GBX246.78 Million ≈ $30.03K |
+2.14% |
| 2011-04-30 | GBX241.60 Million ≈ $29.40K |
+15.94% |
| 2010-04-30 | GBX208.38 Million ≈ $25.35K |
+38.01% |
| 2009-04-30 | GBX150.99 Million ≈ $18.37K |
-19.73% |
| 2008-04-30 | GBX188.10 Million ≈ $22.89K |
-21.49% |
| 2007-04-30 | GBX239.57 Million ≈ $29.15K |
+5.24% |
| 2006-04-30 | GBX227.65 Million ≈ $27.70K |
-13.90% |
| 2005-04-30 | GBX264.40 Million ≈ $32.17K |
+12.32% |
| 2004-04-30 | GBX235.39 Million ≈ $28.64K |
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Equity Component Analysis
This analysis shows how different components contribute to The Global Smaller Companies 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 80454600000.0% over the analyzed period, indicating profitable operations and earnings retention.
The Global Smaller Companies Trust Plc Net Assets Breakdown (April 2026)
The Global Smaller Companies Trust Plc net assets breakdown by equity component as of April 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX804.55 Million | 98.11% |
| Common Stock | GBX15.51 Million | 1.89% |
| Other Comprehensive Income | GBX784.97 Million | 95.72% |
| Total Equity | GBX820.06 Million | 100.00% |
The Global Smaller Companies Trust Plc Competitors by Market Cap
The table below lists competitors of The Global Smaller Companies Trust Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AGROB Immobilien AG
F:AGR
|
$9.40 Million |
|
Mhethanol Co. Ltd.
KO:023150
|
$9.40 Million |
|
Alarum Technologies Ltd.
NASDAQ:ALAR
|
$9.41 Million |
|
Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS
IS:DNISI
|
$9.41 Million |
|
Bertam Alliance Bhd
KLSE:9814
|
$9.38 Million |
|
Academies Australasia Group Ltd
AU:AKG
|
$9.38 Million |
|
Vanadium Resources Ltd
AU:VR8
|
$9.38 Million |
|
CLASS 1 NICKEL+TECH.LTD
F:77C
|
$9.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Global Smaller Companies Trust Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 736,815,000 to 820,059,000, a change of 83,244,000 (11.3%).
- Net income of 146,757,000 contributed positively to equity growth.
- Dividend payments of 13,177,000 reduced retained earnings.
- Share repurchases of 49,788,000 reduced equity.
- Other comprehensive income increased equity by 296,257,000.
- Other factors decreased equity by 296,805,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX146.76 Million | +17.9% |
| Dividends Paid | GBX13.18 Million | -1.61% |
| Share Repurchases | GBX49.79 Million | -6.07% |
| Other Comprehensive Income | GBX296.26 Million | +36.13% |
| Other Changes | GBX-296.81 Million | -36.19% |
| Total Change | GBX- | 11.30% |
Book Value vs Market Value Analysis
This analysis compares The Global Smaller Companies 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: 99.24x
- 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 699.12x to 99.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-04-30 | GBX0.27 | GBX187.60 | x |
| 2005-04-30 | GBX0.31 | GBX187.60 | x |
| 2006-04-30 | GBX0.32 | GBX187.60 | x |
| 2007-04-30 | GBX0.50 | GBX187.60 | x |
| 2008-04-30 | GBX0.42 | GBX187.60 | x |
| 2009-04-30 | GBX0.35 | GBX187.60 | x |
| 2010-04-30 | GBX0.50 | GBX187.60 | x |
| 2011-04-30 | GBX0.60 | GBX187.60 | x |
| 2012-04-30 | GBX0.61 | GBX187.60 | x |
| 2013-04-30 | GBX0.79 | GBX187.60 | x |
| 2014-04-30 | GBX0.90 | GBX187.60 | x |
| 2015-04-30 | GBX0.94 | GBX187.60 | x |
| 2016-04-30 | GBX0.95 | GBX187.60 | x |
| 2017-04-30 | GBX1.24 | GBX187.60 | x |
| 2018-04-30 | GBX1.37 | GBX187.60 | x |
| 2019-04-30 | GBX1.38 | GBX187.60 | x |
| 2020-04-30 | GBX1.20 | GBX187.60 | x |
| 2021-04-30 | GBX1.71 | GBX187.60 | x |
| 2022-04-30 | GBX1.68 | GBX187.60 | x |
| 2023-04-30 | GBX1.59 | GBX187.60 | x |
| 2024-04-30 | GBX1.69 | GBX187.60 | x |
| 2025-04-30 | GBX1.57 | GBX187.60 | x |
| 2026-04-30 | GBX1.89 | GBX187.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Global Smaller Companies 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): 17.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.21%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.06x
- Recent ROE (17.90%) is above the historical average (9.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 35.45% | 96.18% | 0.33x | 1.13x | GBX59.90 Million |
| 2005 | 11.97% | 90.00% | 0.12x | 1.10x | GBX5.20 Million |
| 2006 | 43.82% | 96.03% | 0.43x | 1.07x | GBX76.99 Million |
| 2007 | 8.89% | 85.28% | 0.10x | 1.07x | GBX-2.65 Million |
| 2008 | -19.87% | 0.00% | -0.17x | 1.08x | GBX-56.19 Million |
| 2009 | -19.07% | 0.00% | -0.16x | 1.09x | GBX-43.90 Million |
| 2010 | 31.68% | 96.04% | 0.31x | 1.06x | GBX45.17 Million |
| 2011 | 14.80% | 92.41% | 0.15x | 1.05x | GBX11.59 Million |
| 2012 | 0.49% | 27.20% | 0.02x | 1.05x | GBX-23.46 Million |
| 2013 | 21.10% | 98.28% | 0.20x | 1.05x | GBX37.75 Million |
| 2014 | 10.04% | 98.21% | 0.10x | 1.03x | GBX160.40K |
| 2015 | 13.81% | 98.36% | 0.13x | 1.10x | GBX19.68 Million |
| 2016 | 3.50% | 94.44% | 0.03x | 1.08x | GBX-35.97 Million |
| 2017 | 22.80% | 99.18% | 0.22x | 1.06x | GBX93.85 Million |
| 2018 | 8.64% | 97.88% | 0.08x | 1.06x | GBX-11.25 Million |
| 2019 | 3.68% | 94.65% | 0.04x | 1.06x | GBX-54.03 Million |
| 2020 | -15.66% | 0.00% | -0.15x | 1.05x | GBX-186.45 Million |
| 2021 | 32.59% | 99.53% | 0.31x | 1.05x | GBX227.59 Million |
| 2022 | -0.98% | 0.00% | -0.01x | 1.06x | GBX-103.79 Million |
| 2023 | -4.63% | 0.00% | -0.04x | 1.07x | GBX-125.70 Million |
| 2024 | 7.77% | 89.35% | 0.08x | 1.07x | GBX-19.42 Million |
| 2025 | -5.78% | 0.00% | -0.05x | 1.07x | GBX-116.26 Million |
| 2026 | 17.90% | 95.21% | 0.18x | 1.06x | GBX64.75 Million |
Industry Comparison
This section compares The Global Smaller Companies Trust Plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $780,020,800
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Global Smaller Companies Trust Plc (GSCT) | GBX820.06 Million | 35.45% | 0.06x | $9.38 Million |
| 3I Infrastructure PLC (3IN) | $1.28 Billion | 13.01% | 0.05x | $44.72 Million |
| Albion Enterprise VCT PLC (AAEV) | $86.21 Million | 10.71% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $398.87 Million | 2.19% | 0.09x | $4.96 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $6.86 Million |
| Albion Technology & General VCT PLC (AATG) | $16.66 Million | 2.55% | 0.03x | $3.06 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $50.17 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $642.23 Million | 0.00% | 0.19x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $35.87 Million | -1.49% | 0.02x | $213.04K |
| Aquila European Renewables Income PLC (AERI) | $158.92 Million | 0.00% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $99.10 Million | 19.77% | 0.03x | $446.17 |
About The Global Smaller Companies Trust Plc
The Global Smaller Companies Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of small cap companies. It employs fundamental analysis with a focus on such… Read more