H&T Group plc
H&T Group plc, together with its subsidiaries, primarily provides pawnbroking services in the United Kingdom and internationally. It operates through five segments: Pawnbroking, Gold Purchasing, Retail, Foreign Exchange, and Other Services. The company offers personal loans; watch repair services; and gold purchasing, cheque cashing, unsecured lending, buyback, foreign currency exchange, and mone… Read more
H&T Group plc (HAT) - Net Assets
Latest net assets as of December 2024: GBX192.13 Million GBX
Based on the latest financial reports, H&T Group plc (HAT) has net assets worth GBX192.13 Million GBX as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX290.66 Million) and total liabilities (GBX98.53 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 | GBX192.13 Million |
| % of Total Assets | 66.1% |
| Annual Growth Rate | 8.71% |
| 5-Year Change | 42.8% |
| 10-Year Change | 104.27% |
| Growth Volatility | 346.86 |
H&T Group plc - Net Assets Trend (2003–2024)
This chart illustrates how H&T Group 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 H&T Group plc (2003–2024)
The table below shows the annual net assets of H&T Group plc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX192.13 Million | +8.32% |
| 2023-12-31 | GBX177.37 Million | +8.07% |
| 2022-12-31 | GBX164.12 Million | +20.13% |
| 2021-12-31 | GBX136.62 Million | +1.54% |
| 2020-12-31 | GBX134.55 Million | +9.74% |
| 2019-12-31 | GBX122.61 Million | +14.59% |
| 2018-12-31 | GBX106.99 Million | -0.58% |
| 2017-12-31 | GBX107.62 Million | +8.88% |
| 2016-12-31 | GBX98.85 Million | +5.09% |
| 2015-12-31 | GBX94.06 Million | +3.52% |
| 2014-12-31 | GBX90.86 Million | +3.10% |
| 2013-12-31 | GBX88.13 Million | +1.57% |
| 2012-12-31 | GBX86.77 Million | +12.27% |
| 2011-12-31 | GBX77.28 Million | +25.29% |
| 2010-12-31 | GBX61.68 Million | +31.08% |
| 2009-12-31 | GBX47.05 Million | +31.63% |
| 2008-12-31 | GBX35.75 Million | +17.81% |
| 2007-12-31 | GBX30.34 Million | +54.77% |
| 2006-12-31 | GBX19.61 Million | +1633.51% |
| 2005-12-31 | GBX1.13 Million | +39.63% |
| 2004-12-31 | GBX810.00K | -97.56% |
| 2003-12-31 | GBX33.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to H&T Group 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 669.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX140.24 Million | 72.99% |
| Common Stock | GBX2.20 Million | 1.14% |
| Other Components | GBX49.70 Million | 25.87% |
| Total Equity | GBX192.13 Million | 100.00% |
H&T Group plc Competitors by Market Cap
The table below lists competitors of H&T Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JETBLUE AIRWAYS (JAW.SG)
STU:JAW
|
$34.41K |
|
Duearity AB
ST:DEAR
|
$34.43K |
|
BlackRock TCP Capital Corp
NASDAQ:TCPC
|
$34.44K |
|
Vopia Inc
PINK:DRNG
|
$34.46K |
|
TRACSIS
BE:4T2
|
$34.38K |
|
BONTERRA ENERGY (QNC1.SG)
STU:QNC1
|
$34.36K |
|
RED ROBIN GRMT BURG
BE:RRN
|
$34.35K |
|
Brinno Incorporated
TWO:7402
|
$34.34K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H&T Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 177,370,000 to 192,132,000, a change of 14,762,000 (8.3%).
- Net income of 22,228,000 contributed positively to equity growth.
- Dividend payments of 7,609,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX22.23 Million | +11.57% |
| Dividends Paid | GBX7.61 Million | -3.96% |
| Other Changes | GBX250.00K | +0.13% |
| Total Change | GBX- | 8.32% |
Book Value vs Market Value Analysis
This analysis compares H&T Group 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: 147.63x
- 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 615.85x to 147.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | GBX1.06 | GBX650.00 | x |
| 2004-12-31 | GBX0.03 | GBX650.00 | x |
| 2005-12-31 | GBX0.04 | GBX650.00 | x |
| 2006-12-31 | GBX0.71 | GBX650.00 | x |
| 2007-12-31 | GBX0.90 | GBX650.00 | x |
| 2008-12-31 | GBX1.02 | GBX650.00 | x |
| 2009-12-31 | GBX1.32 | GBX650.00 | x |
| 2010-12-31 | GBX1.71 | GBX650.00 | x |
| 2011-12-31 | GBX2.06 | GBX650.00 | x |
| 2012-12-31 | GBX2.28 | GBX650.00 | x |
| 2013-12-31 | GBX2.43 | GBX650.00 | x |
| 2014-12-31 | GBX2.52 | GBX650.00 | x |
| 2015-12-31 | GBX2.60 | GBX650.00 | x |
| 2016-12-31 | GBX2.72 | GBX650.00 | x |
| 2017-12-31 | GBX2.94 | GBX650.00 | x |
| 2018-12-31 | GBX2.89 | GBX650.00 | x |
| 2019-12-31 | GBX3.22 | GBX650.00 | x |
| 2020-12-31 | GBX3.44 | GBX650.00 | x |
| 2021-12-31 | GBX3.49 | GBX650.00 | x |
| 2022-12-31 | GBX4.09 | GBX650.00 | x |
| 2023-12-31 | GBX4.08 | GBX650.00 | x |
| 2024-12-31 | GBX4.40 | GBX650.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H&T Group 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): 11.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.38%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.51x
- Recent ROE (11.57%) is below the historical average (23.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 8.14% | 11.44% | 0.57x | 1.25x | GBX-619.20K |
| 2004 | 240.37% | 7.28% | 0.51x | 64.87x | GBX1.87 Million |
| 2005 | 28.38% | 1.08% | 0.53x | 49.36x | GBX207.90K |
| 2006 | 5.11% | 3.12% | 0.54x | 3.03x | GBX-958.60K |
| 2007 | 16.74% | 13.24% | 0.56x | 2.27x | GBX2.04 Million |
| 2008 | 19.91% | 13.46% | 0.65x | 2.27x | GBX3.54 Million |
| 2009 | 28.36% | 15.89% | 0.82x | 2.16x | GBX8.64 Million |
| 2010 | 27.86% | 13.60% | 1.18x | 1.74x | GBX11.02 Million |
| 2011 | 23.46% | 14.45% | 1.01x | 1.61x | GBX10.41 Million |
| 2012 | 14.86% | 9.94% | 1.00x | 1.50x | GBX4.22 Million |
| 2013 | 5.50% | 4.89% | 0.80x | 1.41x | GBX-3.96 Million |
| 2014 | 4.68% | 4.85% | 0.75x | 1.28x | GBX-4.83 Million |
| 2015 | 5.72% | 6.03% | 0.78x | 1.22x | GBX-4.03 Million |
| 2016 | 7.67% | 8.05% | 0.75x | 1.27x | GBX-2.30 Million |
| 2017 | 10.53% | 10.27% | 0.78x | 1.32x | GBX573.80K |
| 2018 | 10.12% | 7.57% | 1.01x | 1.32x | GBX129.60K |
| 2019 | 13.61% | 10.42% | 0.86x | 1.53x | GBX4.43 Million |
| 2020 | 9.34% | 9.73% | 0.76x | 1.26x | GBX-892.90K |
| 2021 | 4.42% | 4.95% | 0.72x | 1.24x | GBX-7.62 Million |
| 2022 | 9.09% | 8.57% | 0.82x | 1.29x | GBX-1.50 Million |
| 2023 | 11.89% | 9.55% | 0.88x | 1.42x | GBX3.35 Million |
| 2024 | 11.57% | 8.38% | 0.91x | 1.51x | GBX3.01 Million |
Industry Comparison
This section compares H&T Group plc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,591,423,146
- Average return on equity (ROE) among peers: -7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H&T Group plc (HAT) | GBX192.13 Million | 8.14% | 0.51x | $34.39K |
| 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 |
| General Accident PLC (GACA) | $13.97 Billion | 1.33% | 0.00x | $126.54 |
| 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 |