Henderson European Focus Trust Plc (HET) - Net Assets

Latest as of March 2025: GBX618.05 Million GBX ≈ $75.20K USD

Based on the latest financial reports, Henderson European Focus Trust Plc (HET) has net assets worth GBX618.05 Million GBX (≈ $75.20K USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX649.28 Million ≈ $79.00K USD) and total liabilities (GBX31.23 Million ≈ $3.80K 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. Check financial resilience of Henderson European Focus Trust Plc to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX618.05 Million
% of Total Assets 95.19%
Annual Growth Rate 3.66%
5-Year Change 115.32%
10-Year Change 240.42%
Growth Volatility 23.5

Henderson European Focus Trust Plc - Net Assets Trend (2000–2024)

This chart illustrates how Henderson European Focus Trust Plc's net assets have evolved over time, based on quarterly financial data. Also explore HET total asset value for the complete picture of this company's asset base.

Annual Net Assets for Henderson European Focus Trust Plc (2000–2024)

The table below shows the annual net assets of Henderson European Focus Trust Plc from 2000 to 2024. For live valuation and market cap data, see Henderson European Focus Trust Plc stock valuation.

Year Net Assets Change
2024-09-30 GBX663.53 Million
≈ $80.73K		 +62.16%
2023-09-30 GBX409.20 Million
≈ $49.79K		 +30.14%
2022-09-30 GBX314.42 Million
≈ $38.26K		 -15.19%
2021-09-30 GBX370.74 Million
≈ $45.11K		 +20.30%
2020-09-30 GBX308.17 Million
≈ $37.49K		 +3.06%
2019-09-30 GBX299.01 Million
≈ $36.38K		 +1.78%
2018-09-30 GBX293.79 Million
≈ $35.75K		 +0.48%
2017-09-30 GBX292.40 Million
≈ $35.58K		 +23.09%
2016-09-30 GBX237.55 Million
≈ $28.90K		 +21.87%
2015-09-30 GBX194.91 Million
≈ $23.72K		 +13.99%
2014-09-30 GBX170.99 Million
≈ $20.80K		 +17.31%
2013-09-30 GBX145.76 Million
≈ $17.74K		 +26.28%
2012-09-30 GBX115.43 Million
≈ $14.04K		 +11.08%
2011-09-30 GBX103.91 Million
≈ $12.64K		 -28.31%
2010-09-30 GBX144.94 Million
≈ $17.64K		 -18.00%
2009-09-30 GBX176.77 Million
≈ $21.51K		 +9.29%
2008-09-30 GBX161.74 Million
≈ $19.68K		 -26.32%
2007-09-30 GBX219.51 Million
≈ $26.71K		 -31.85%
2006-09-30 GBX322.09 Million
≈ $39.19K		 +15.20%
2005-09-30 GBX279.61 Million
≈ $34.02K		 +32.59%
2004-09-30 GBX210.88 Million
≈ $25.66K		 +16.84%
2003-09-30 GBX180.48 Million
≈ $21.96K		 +22.01%
2002-09-30 GBX147.93 Million
≈ $18.00K		 -24.14%
2001-09-30 GBX195.01 Million
≈ $23.73K		 -30.37%
2000-09-30 GBX280.07 Million
≈ $34.08K		 --

Equity Component Analysis

This analysis shows how different components contribute to Henderson European Focus 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (September 2024)

Component Amount Percentage
Other Components GBX663.53 Million 100.00%
Total Equity GBX663.53 Million 100.00%

Henderson European Focus Trust Plc Competitors by Market Cap

The table below lists competitors of Henderson European Focus Trust Plc ranked by their market capitalization.

Company Market Cap
Alchemy Resources Ltd
AU:ALY
 $7.57 Million
Next Technology Holding Inc
NASDAQ:NXTT
 $7.57 Million
Pure Biologics Spólka Akcyjna
WAR:PUR
 $7.58 Million
CSP Steel Center Public Company Limited
BK:CSP
 $7.58 Million
PRS Reit PLC
LSE:PRSR
 $7.55 Million
China Ouhua Winery Holdings
KLSE:5188
 $7.55 Million
Protektor S.A.
WAR:PRT
 $7.54 Million
Hong Kong Pharma Digital Technology Holdings Limited Ordinary shares
NASDAQ:HKPD
 $7.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Henderson European Focus Trust Plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 378,997,000 to 663,534,000, a change of 284,537,000 (75.1%).
  • Net income of 55,301,000 contributed positively to equity growth.
  • Dividend payments of 12,978,000 reduced retained earnings.
  • Share repurchases of 3,044,000 reduced equity.
  • Other comprehensive income decreased equity by 70,764,999.
  • Other factors increased equity by 316,022,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX55.30 Million +8.33%
Dividends Paid GBX12.98 Million -1.96%
Share Repurchases GBX3.04 Million -0.46%
Other Comprehensive Income GBX-70.76 Million -10.66%
Other Changes GBX316.02 Million +47.63%
Total Change GBX- 75.08%

Book Value vs Market Value Analysis

This analysis compares Henderson European Focus 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: 99.81x
  • 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 570.97x to 99.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-09-30 GBX0.35 GBX201.00 x
2005-09-30 GBX0.47 GBX201.00 x
2006-09-30 GBX0.54 GBX201.00 x
2007-09-30 GBX0.46 GBX201.00 x
2008-09-30 GBX0.52 GBX201.00 x
2009-09-30 GBX0.64 GBX201.00 x
2010-09-30 GBX0.58 GBX201.00 x
2011-09-30 GBX0.54 GBX201.00 x
2012-09-30 GBX0.67 GBX201.00 x
2013-09-30 GBX0.86 GBX201.00 x
2014-09-30 GBX0.98 GBX201.00 x
2015-09-30 GBX1.04 GBX201.00 x
2016-09-30 GBX1.16 GBX201.00 x
2017-09-30 GBX1.41 GBX201.00 x
2018-09-30 GBX1.37 GBX201.00 x
2019-09-30 GBX1.39 GBX201.00 x
2020-09-30 GBX1.43 GBX201.00 x
2021-09-30 GBX1.73 GBX201.00 x
2022-09-30 GBX1.47 GBX201.00 x
2023-09-30 GBX1.78 GBX201.00 x
2024-09-30 GBX2.01 GBX201.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Henderson European Focus 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): 8.33%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 99.05%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 1.07x
  • Recent ROE (8.33%) is below the historical average (9.63%), 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 12.92% 90.25% 0.14x 1.03x GBX6.17 Million
2005 25.16% 91.40% 0.24x 1.16x GBX42.38 Million
2006 17.68% 87.14% 0.19x 1.07x GBX24.75 Million
2007 26.83% 86.67% 0.30x 1.05x GBX36.95 Million
2008 -21.09% 0.00% -0.18x 1.04x GBX-50.29 Million
2009 17.38% 90.74% 0.18x 1.07x GBX13.05 Million
2010 -1.09% -156.83% 0.01x 1.10x GBX-16.08 Million
2011 -9.38% 0.00% -0.07x 1.08x GBX-20.14 Million
2012 17.18% 93.44% 0.16x 1.18x GBX8.29 Million
2013 23.01% 96.19% 0.20x 1.17x GBX18.97 Million
2014 12.29% 94.79% 0.11x 1.20x GBX3.91 Million
2015 3.83% 84.20% 0.04x 1.22x GBX-12.03 Million
2016 16.92% 97.23% 0.15x 1.16x GBX16.43 Million
2017 17.29% 97.52% 0.15x 1.17x GBX21.32 Million
2018 1.98% 82.22% 0.02x 1.18x GBX-23.56 Million
2019 3.98% 90.18% 0.04x 1.09x GBX-18.00 Million
2020 5.62% 93.94% 0.05x 1.14x GBX-13.49 Million
2021 18.66% 98.01% 0.18x 1.04x GBX32.11 Million
2022 -15.08% 0.00% -0.13x 1.11x GBX-78.87 Million
2023 19.87% 97.97% 0.19x 1.09x GBX37.39 Million
2024 8.33% 99.05% 0.08x 1.07x GBX-11.05 Million

Industry Comparison

This section compares Henderson European Focus Trust Plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $745,852,800
  • Average return on equity (ROE) among peers: 2.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Henderson European Focus Trust Plc (HET) GBX618.05 Million 12.92% 0.05x $7.56 Million
3I Infrastructure PLC (3IN) $1.20 Billion 4.98% 0.15x $42.14 Million
Albion Enterprise VCT PLC (AAEV) $61.87 Million 11.55% 0.03x $3.29 Million
abrdn Asian Income Fund Limited (AAIF) $431.87 Million 14.17% 0.08x $5.17 Million
Abrdn Asia Focus PLC (AAS) $98.67 Million 9.82% 0.09x $7.49 Million
Albion Technology & General VCT PLC (AATG) $64.83 Million 5.63% 0.01x $3.22 Million
Abrdn PLC (ABDN) $4.56 Billion 10.22% 39.48x $45.21 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $426.87 Million 6.29% 0.20x $450.86K
Aquila Energy Efficiency Trust PLC (AEET) $69.67 Million -2.91% 0.02x $261.59K
Aquila European Renewables Income PLC (AERI) $372.54 Million -8.03% 0.00x $79.35 Million
Artemis UK Future Leaders plc (AFL) $174.91 Million -21.80% 0.02x $415.29

About Henderson European Focus Trust Plc

LSE:HET UK Asset Management
Market Cap
$7.56 Million
GBX62.13 Billion GBX
Market Cap Rank
#27517 Global
#392 in UK
Share Price
GBX201.00
Change (1 day)
+0.00%
52-Week Range
GBX188.00 - GBX212.00
All Time High
GBX212.00
Categories
Companies in UK Asset Management Banking & Financial
About

Henderson European Focus Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in public equity markets of Continental Europe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap companies. It em… Read more