Hansa Trust
Hansa Investment Company Limited is a closed-ended equity fund of funds launched and managed by Hanseatic Asset Management LBG. The fund is co-managed by Hansa Capital Partners LLP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies involved in special situati… Read more
Hansa Trust (HAN) - Net Assets
Latest net assets as of March 2025: GBX461.06 Million GBX
Based on the latest financial reports, Hansa Trust (HAN) has net assets worth GBX461.06 Million GBX as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX462.48 Million) and total liabilities (GBX1.42 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 | GBX461.06 Million |
| % of Total Assets | 99.69% |
| Annual Growth Rate | 7.43% |
| 5-Year Change | 25.33% |
| 10-Year Change | 80.4% |
| Growth Volatility | 19.41 |
Hansa Trust - Net Assets Trend (2004–2025)
This chart illustrates how Hansa Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hansa Trust (2004–2025)
The table below shows the annual net assets of Hansa Trust from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX461.06 Million | +1.43% |
| 2024-03-31 | GBX454.55 Million | +23.87% |
| 2023-03-31 | GBX366.96 Million | -4.15% |
| 2022-03-31 | GBX382.86 Million | +4.07% |
| 2021-03-31 | GBX367.89 Million | +33.15% |
| 2020-03-31 | GBX276.30 Million | -18.10% |
| 2019-03-31 | GBX337.35 Million | +4.41% |
| 2018-03-31 | GBX323.10 Million | +5.08% |
| 2017-03-31 | GBX307.48 Million | +20.31% |
| 2016-03-31 | GBX255.57 Million | -6.48% |
| 2015-03-31 | GBX273.29 Million | -4.91% |
| 2014-03-31 | GBX287.41 Million | +10.58% |
| 2013-03-31 | GBX259.91 Million | -3.09% |
| 2012-03-31 | GBX268.21 Million | +1.55% |
| 2011-03-31 | GBX264.11 Million | +22.84% |
| 2010-03-31 | GBX215.01 Million | +41.08% |
| 2009-03-31 | GBX152.41 Million | -31.31% |
| 2008-03-31 | GBX221.88 Million | -11.06% |
| 2007-03-31 | GBX249.47 Million | +27.04% |
| 2006-03-31 | GBX196.38 Million | +40.22% |
| 2005-03-31 | GBX140.05 Million | +36.71% |
| 2004-03-31 | GBX102.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hansa Trust'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 13702100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX137.02 Million | 29.72% |
| Common Stock | GBX1.20 Million | 0.26% |
| Other Components | GBX322.84 Million | 70.02% |
| Total Equity | GBX461.06 Million | 100.00% |
Hansa Trust Competitors by Market Cap
The table below lists competitors of Hansa Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JS Momentum
KAR:JSMFETF
|
$327.10 |
|
ICC Industries
KAR:ICCI
|
$327.44 |
|
Atlas For Investment and Food Industries
EGX:ALRA
|
$328.02 |
|
HOMEBOYZ ENTERTAINMENT PLC
XNAI:HEL
|
$328.32 |
|
Silver Buckle Mines Inc
PINK:SBUM
|
$326.78 |
|
CO-PROSPERITY HLDGS
BE:P9H
|
$326.54 |
|
CIPHER-CORE Inc.
PINK:CFCI
|
$326.34 |
|
PRSTF
PINK:PRSTF
|
$326.06 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hansa Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 454,547,000 to 461,060,000, a change of 6,513,000 (1.4%).
- Net income of 10,276,000 contributed positively to equity growth.
- Dividend payments of 3,840,000 reduced retained earnings.
- New share issuances of 61,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX10.28 Million | +2.23% |
| Dividends Paid | GBX3.84 Million | -0.83% |
| Share Issuances | GBX61.00K | +0.01% |
| Other Changes | GBX16.00K | +0.0% |
| Total Change | GBX- | 1.43% |
Book Value vs Market Value Analysis
This analysis compares Hansa Trust'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: 72.36x
- 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 325.05x to 72.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | GBX0.86 | GBX278.00 | x |
| 2005-03-31 | GBX1.17 | GBX278.00 | x |
| 2006-03-31 | GBX1.64 | GBX278.00 | x |
| 2007-03-31 | GBX2.08 | GBX278.00 | x |
| 2008-03-31 | GBX1.85 | GBX278.00 | x |
| 2009-03-31 | GBX1.27 | GBX278.00 | x |
| 2010-03-31 | GBX1.80 | GBX278.00 | x |
| 2011-03-31 | GBX2.20 | GBX278.00 | x |
| 2012-03-31 | GBX2.24 | GBX278.00 | x |
| 2013-03-31 | GBX2.17 | GBX278.00 | x |
| 2014-03-31 | GBX2.40 | GBX278.00 | x |
| 2015-03-31 | GBX2.28 | GBX278.00 | x |
| 2016-03-31 | GBX2.13 | GBX278.00 | x |
| 2017-03-31 | GBX2.56 | GBX278.00 | x |
| 2018-03-31 | GBX2.69 | GBX278.00 | x |
| 2019-03-31 | GBX2.81 | GBX278.00 | x |
| 2020-03-31 | GBX2.30 | GBX278.00 | x |
| 2021-03-31 | GBX3.07 | GBX278.00 | x |
| 2022-03-31 | GBX3.19 | GBX278.00 | x |
| 2023-03-31 | GBX3.06 | GBX278.00 | x |
| 2024-03-31 | GBX3.79 | GBX278.00 | x |
| 2025-03-31 | GBX3.84 | GBX278.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hansa Trust 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): 2.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.16%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.00x
- Recent ROE (2.23%) is below the historical average (8.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 38.05% | 96.86% | 0.38x | 1.03x | GBX28.73 Million |
| 2005 | 27.56% | 96.73% | 0.28x | 1.02x | GBX24.59 Million |
| 2006 | 29.81% | 97.22% | 0.30x | 1.04x | GBX38.91 Million |
| 2007 | 22.22% | 96.25% | 0.23x | 1.00x | GBX30.48 Million |
| 2008 | -11.08% | 0.00% | -0.09x | 1.07x | GBX-46.78 Million |
| 2009 | -43.54% | 0.00% | -0.42x | 1.00x | GBX-81.59 Million |
| 2010 | 33.52% | 97.58% | 0.34x | 1.02x | GBX50.57 Million |
| 2011 | 18.91% | 95.82% | 0.19x | 1.04x | GBX23.53 Million |
| 2012 | 1.84% | 66.12% | 0.03x | 1.01x | GBX-21.89 Million |
| 2013 | -1.90% | 0.00% | -0.02x | 1.01x | GBX-30.93 Million |
| 2014 | 10.94% | 97.19% | 0.11x | 1.04x | GBX2.71 Million |
| 2015 | -3.50% | 0.00% | -0.03x | 1.00x | GBX-36.90 Million |
| 2016 | -5.43% | 0.00% | -0.05x | 1.00x | GBX-39.43 Million |
| 2017 | 18.13% | 98.03% | 0.18x | 1.00x | GBX25.00 Million |
| 2018 | 6.02% | 93.78% | 0.06x | 1.00x | GBX-12.86 Million |
| 2019 | 5.36% | 89.48% | 0.06x | 1.01x | GBX-15.65 Million |
| 2020 | -19.12% | 0.00% | -0.18x | 1.00x | GBX-80.47 Million |
| 2021 | 25.94% | 98.81% | 0.26x | 1.01x | GBX58.64 Million |
| 2022 | 4.91% | 93.23% | 0.05x | 1.00x | GBX-19.47 Million |
| 2023 | -3.29% | 0.00% | -0.02x | 1.00x | GBX-48.75 Million |
| 2024 | 20.11% | 98.19% | 0.20x | 1.00x | GBX45.97 Million |
| 2025 | 2.23% | 84.16% | 0.03x | 1.00x | GBX-35.83 Million |
Industry Comparison
This section compares Hansa Trust'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 |
|---|---|---|---|---|
| Hansa Trust (HAN) | GBX461.06 Million | 38.05% | 0.00x | $326.98 |
| 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 |