Henderson Diversified Income Trust PLC

LSE:HDIV UK Asset Management
Market Cap
$448.16K
GBX3.68 Billion GBX
Market Cap Rank
#50590 Global
#1553 in UK
Share Price
GBX20.23
Change (1 day)
+0.92%
52-Week Range
GBX16.05 - GBX20.23
All Time High
GBX77.63
Categories
Companies in UK Asset Management Banking & Financial
About

Henderson Diversified Income Trust plc engages in the investment business. Its investment portfolio primarily includes high yield and investment bonds, asset backed securities, preference stocks, and secured loans. The company was founded in 1930 and is based in London, the United Kingdom.

Henderson Diversified Income Trust PLC (HDIV) - Net Assets

Latest net assets as of April 2023: GBX131.66 Million GBX

Based on the latest financial reports, Henderson Diversified Income Trust PLC (HDIV) has net assets worth GBX131.66 Million GBX as of April 2023.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX151.36 Million) and total liabilities (GBX19.70 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 GBX131.66 Million
% of Total Assets 86.98%
Annual Growth Rate 6.81%
5-Year Change -20.02%
10-Year Change 62.76%
Growth Volatility 16.48

Henderson Diversified Income Trust PLC - Net Assets Trend (2008–2023)

This chart illustrates how Henderson Diversified Income Trust 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 Henderson Diversified Income Trust PLC (2008–2023)

The table below shows the annual net assets of Henderson Diversified Income Trust PLC from 2008 to 2023.

Year Net Assets Change
2023-04-30 GBX131.66 Million -11.29%
2022-04-30 GBX148.42 Million -15.54%
2021-04-30 GBX175.72 Million +9.11%
2020-04-30 GBX161.05 Million -2.17%
2019-04-30 GBX164.62 Million -0.71%
2018-04-30 GBX165.80 Million +5.09%
2016-10-31 GBX157.77 Million +8.53%
2015-10-31 GBX145.37 Million +16.66%
2014-10-31 GBX124.60 Million +54.04%
2013-10-31 GBX80.89 Million +16.14%
2012-10-31 GBX69.65 Million +6.42%
2011-10-31 GBX65.45 Million -5.81%
2010-10-31 GBX69.48 Million +11.64%
2009-10-31 GBX62.24 Million +22.75%
2008-10-31 GBX50.70 Million --

Equity Component Analysis

This analysis shows how different components contribute to Henderson Diversified Income 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 12738100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (April 2023)

Component Amount Percentage
Retained Earnings GBX127.38 Million 97.33%
Common Stock GBX1.87 Million 1.43%
Other Components GBX1.61 Million 1.23%
Total Equity GBX130.87 Million 100.00%

Henderson Diversified Income Trust PLC Competitors by Market Cap

The table below lists competitors of Henderson Diversified Income Trust PLC ranked by their market capitalization.

Company Market Cap
HYDROTEC
BE:HYW
 		$24.53
Bakrieland Development Tbk
JK:ELTY
 		$24.61
SofTech Inc
PINK:SOFT
 		$24.61
MONTEGO RESOURCES INC.
F:4MO
 		$24.67
US Solar Fund PLC
LSE:USFP
 		$24.05
QBRICK AB (PUBL)
F:2A8
 		$24.02
CHAMS HOLDING COMPANY PLC
XNSA:CHAMS
 		$23.98
TERTIARY MINERALS
BE:TMU
 		$23.97

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Henderson Diversified Income Trust PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 148,417,000 to 130,870,000, a change of -17,547,000 (-11.8%).
  • Net loss of 6,456,000 reduced equity.
  • Dividend payments of 8,084,000 reduced retained earnings.
  • Share repurchases of 3,007,000 reduced equity.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income GBX-6.46 Million -4.93%
Dividends Paid GBX8.08 Million -6.18%
Share Repurchases GBX3.01 Million -2.3%
Total Change GBX- -11.82%

Book Value vs Market Value Analysis

This analysis compares Henderson Diversified Income 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: 29.18x
  • 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 21.82x to 29.18x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-10-31 GBX0.93 GBX20.23 x
2009-10-31 GBX0.74 GBX20.23 x
2010-10-31 GBX0.83 GBX20.23 x
2011-10-31 GBX0.78 GBX20.23 x
2012-10-31 GBX0.83 GBX20.23 x
2013-10-31 GBX0.94 GBX20.23 x
2014-10-31 GBX1.04 GBX20.23 x
2015-10-31 GBX0.93 GBX20.23 x
2016-10-31 GBX0.94 GBX20.23 x
2018-04-30 GBX0.88 GBX20.23 x
2019-04-30 GBX0.87 GBX20.23 x
2020-04-30 GBX0.85 GBX20.23 x
2021-04-30 GBX0.92 GBX20.23 x
2022-04-30 GBX0.79 GBX20.23 x
2023-04-30 GBX0.69 GBX20.23 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Henderson Diversified Income 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): -4.93%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.00%
  • • Asset Turnover: -0.04x
  • • Equity Multiplier: 1.16x
  • Recent ROE (-4.93%) is below the historical average (2.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -45.92% 0.00% -0.36x 1.25x GBX-28.35 Million
2009 26.73% 96.74% 0.23x 1.20x GBX10.41 Million
2010 16.05% 95.20% 0.14x 1.17x GBX4.20 Million
2011 -0.16% -25.49% 0.01x 1.15x GBX-6.65 Million
2012 12.04% 94.28% 0.11x 1.16x GBX1.42 Million
2013 10.15% 93.98% 0.09x 1.14x GBX125.10K
2014 5.28% 92.25% 0.05x 1.10x GBX-5.88 Million
2015 4.53% 92.45% 0.04x 1.15x GBX-7.95 Million
2016 6.66% 94.32% 0.06x 1.18x GBX-5.26 Million
2018 2.45% 90.39% 0.02x 1.23x GBX-12.53 Million
2019 4.35% 94.58% 0.04x 1.12x GBX-9.29 Million
2020 2.96% 91.93% 0.03x 1.23x GBX-11.33 Million
2021 12.27% 97.74% 0.10x 1.21x GBX3.98 Million
2022 -10.18% 0.00% -0.08x 1.25x GBX-29.96 Million
2023 -4.93% 0.00% -0.04x 1.16x GBX-19.54 Million

Industry Comparison

This section compares Henderson Diversified Income Trust PLC's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $341,428,400
  • Average return on equity (ROE) among peers: 4.78%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Henderson Diversified Income Trust PLC (HDIV) GBX131.66 Million -45.92% 0.15x $24.39
3I Infrastructure PLC (3IN) $1.05 Billion 4.05% 0.20x $396.99K
450 PLC (450) $5.86 Million -37.69% 0.02x $1.71K
Albion Enterprise VCT PLC (AAEV) $44.47 Million 4.86% 0.01x $123.29
abrdn Asian Income Fund Limited (AAIF) $431.87 Million 14.17% 0.08x $331.23
Abrdn Asia Focus PLC (AAS) $52.33 Million 13.02% 0.19x $434.85
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $354.74 Million 11.41% 0.26x $14.03
Aquila Energy Efficiency Trust PLC (AEET) $94.28 Million 0.32% 0.01x $2.38K
Aquila European Renewables Income PLC (AERI) $451.65 Million 11.98% 0.01x $2.15K
Artemis UK Future Leaders plc (AFL) $99.10 Million 19.77% 0.03x $383.58
AVI Global Trust PLC (AGT) $826.98 Million 5.95% 0.03x $2.67 Million