Herald Investment Trust (HRI) - Net Assets

Latest as of June 2025: GBX1.28 Billion GBX ≈ $155.35K USD

Based on the latest financial reports, Herald Investment Trust (HRI) has net assets worth GBX1.28 Billion GBX (≈ $155.35K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.28 Billion ≈ $155.55K USD) and total liabilities (GBX1.61 Million ≈ $195.40 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 HRI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX1.28 Billion
% of Total Assets 99.87%
Annual Growth Rate 5.15%
5-Year Change -16.68%
10-Year Change 86.64%
Growth Volatility 27.52

Herald Investment Trust - Net Assets Trend (2000–2024)

This chart illustrates how Herald Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore how large is Herald Investment Trust's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Herald Investment Trust (2000–2024)

The table below shows the annual net assets of Herald Investment Trust from 2000 to 2024. For live valuation and market cap data, see market value of Herald Investment Trust.

Year Net Assets Change
2024-12-31 GBX1.25 Billion
≈ $152.41K		 +0.55%
2023-12-31 GBX1.25 Billion
≈ $151.57K		 -4.54%
2022-12-31 GBX1.31 Billion
≈ $158.79K		 -25.89%
2021-12-31 GBX1.76 Billion
≈ $214.25K		 +17.13%
2020-12-31 GBX1.50 Billion
≈ $182.92K		 +33.89%
2019-12-31 GBX1.12 Billion
≈ $136.62K		 +24.60%
2018-12-31 GBX901.15 Million
≈ $109.64K		 -6.87%
2017-12-31 GBX967.62 Million
≈ $117.73K		 +22.26%
2016-12-31 GBX791.41 Million
≈ $96.29K		 +17.92%
2015-12-31 GBX671.14 Million
≈ $81.66K		 +6.71%
2014-12-31 GBX628.92 Million
≈ $76.52K		 +0.85%
2013-12-31 GBX623.60 Million
≈ $75.87K		 +24.24%
2012-12-31 GBX501.95 Million
≈ $61.07K		 +11.72%
2011-12-31 GBX449.30 Million
≈ $54.67K		 -5.32%
2010-12-31 GBX474.56 Million
≈ $57.74K		 +39.21%
2009-12-31 GBX340.90 Million
≈ $41.48K		 +61.78%
2008-12-31 GBX210.71 Million
≈ $25.64K		 -38.66%
2007-12-31 GBX343.50 Million
≈ $41.79K		 -9.90%
2006-12-31 GBX381.23 Million
≈ $46.38K		 +6.40%
2005-12-31 GBX358.29 Million
≈ $43.59K		 +7.85%
2004-12-31 GBX332.21 Million
≈ $40.42K		 +3.53%
2003-12-31 GBX320.88 Million
≈ $39.04K		 +80.69%
2002-12-31 GBX177.59 Million
≈ $21.61K		 -34.88%
2001-12-31 GBX272.73 Million
≈ $33.18K		 -27.34%
2000-12-31 GBX375.37 Million
≈ $45.67K		 --

Equity Component Analysis

This analysis shows how different components contribute to Herald Investment 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 23089.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX397.00 Million 31.69%
Common Stock GBX12.59 Million 1.00%
Other Comprehensive Income GBX769.28 Million 61.41%
Other Components GBX73.74 Million 5.89%
Total Equity GBX1.25 Billion 100.00%

Herald Investment Trust Competitors by Market Cap

The table below lists competitors of Herald Investment Trust ranked by their market capitalization.

Company Market Cap
AlphaVest Acquisition Corp Ordinary Shares
NASDAQ:ATMV
 $16.80 Million
Natural Alternatives International
NASDAQ:NAII
 $16.80 Million
Leaders Technology Investment Co. Ltd
KQ:019570
 $16.80 Million
Fidelity China Special Situations PLC
LSE:FCSS
 $16.82 Million
Dataprep Holdings Bhd
KLSE:8338
 $16.79 Million
M Cash Integrasi Tbk PT
JK:MCAS
 $16.78 Million
Fidelity Special Values
LSE:FSV
 $16.77 Million
Saranacentral Bajatama Tbk
JK:BAJA
 $16.77 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Herald Investment Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,245,757,000 to 1,252,602,000, a change of 6,845,000 (0.5%).
  • Net income of 134,296,000 contributed positively to equity growth.
  • Share repurchases of 127,451,000 reduced equity.
  • Other comprehensive income decreased equity by 5,851,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX134.30 Million +10.72%
Share Repurchases GBX127.45 Million -10.17%
Other Comprehensive Income GBX-5.85 Million -0.47%
Other Changes GBX5.85 Million +0.47%
Total Change GBX- 0.55%

Book Value vs Market Value Analysis

This analysis compares Herald Investment 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: 123.64x
  • 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 1369.83x to 123.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 GBX2.10 GBX2880.00 x
2003-12-31 GBX3.70 GBX2880.00 x
2004-12-31 GBX3.79 GBX2880.00 x
2005-12-31 GBX4.09 GBX2880.00 x
2006-12-31 GBX4.35 GBX2880.00 x
2007-12-31 GBX3.94 GBX2880.00 x
2008-12-31 GBX2.48 GBX2880.00 x
2009-12-31 GBX4.14 GBX2880.00 x
2010-12-31 GBX5.90 GBX2880.00 x
2011-12-31 GBX5.63 GBX2880.00 x
2012-12-31 GBX6.32 GBX2880.00 x
2013-12-31 GBX7.97 GBX2880.00 x
2014-12-31 GBX8.10 GBX2880.00 x
2015-12-31 GBX8.70 GBX2880.00 x
2016-12-31 GBX10.58 GBX2880.00 x
2017-12-31 GBX13.54 GBX2880.00 x
2018-12-31 GBX12.97 GBX2880.00 x
2019-12-31 GBX16.49 GBX2880.00 x
2020-12-31 GBX22.56 GBX2880.00 x
2021-12-31 GBX27.08 GBX2880.00 x
2022-12-31 GBX19.58 GBX2880.00 x
2023-12-31 GBX21.00 GBX2880.00 x
2024-12-31 GBX23.29 GBX2880.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Herald Investment 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): 10.72%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 97.65%
  • • Asset Turnover: 0.11x
  • • Equity Multiplier: 1.00x
  • Recent ROE (10.72%) is above the historical average (8.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 43.70% 97.49% 0.41x 1.09x GBX108.14 Million
2004 5.04% 78.90% 0.06x 1.08x GBX-16.49 Million
2005 7.35% 84.56% 0.09x 1.00x GBX-9.48 Million
2006 6.15% 83.70% 0.07x 1.05x GBX-14.66 Million
2007 -9.99% 0.00% -0.08x 1.00x GBX-68.67 Million
2008 -57.80% 0.00% -0.43x 1.31x GBX-142.87 Million
2009 41.17% 96.06% 0.36x 1.18x GBX106.26 Million
2010 29.15% 95.03% 0.27x 1.13x GBX90.89 Million
2011 -5.37% 0.00% -0.03x 1.16x GBX-69.06 Million
2012 11.03% 99.17% 0.10x 1.14x GBX5.19 Million
2013 21.09% 99.58% 0.20x 1.06x GBX69.19 Million
2014 1.20% 92.12% 0.01x 1.06x GBX-55.36 Million
2015 7.63% 98.67% 0.07x 1.06x GBX-15.93 Million
2016 18.17% 99.45% 0.18x 1.03x GBX64.67 Million
2017 20.98% 99.58% 0.21x 1.00x GBX106.15 Million
2018 -5.36% 0.00% -0.05x 1.00x GBX-138.45 Million
2019 21.56% 99.56% 0.22x 1.00x GBX129.75 Million
2020 26.96% 99.70% 0.27x 1.00x GBX255.03 Million
2021 15.92% 99.44% 0.16x 1.00x GBX104.31 Million
2022 -31.07% 0.00% -0.31x 1.00x GBX-536.03 Million
2023 3.86% 75.97% 0.05x 1.00x GBX-76.45 Million
2024 10.72% 97.65% 0.11x 1.00x GBX9.04 Million

Industry Comparison

This section compares Herald Investment Trust'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
Herald Investment Trust (HRI) GBX1.28 Billion 43.70% 0.00x $16.79 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 Herald Investment Trust

LSE:HRI UK Asset Management
Market Cap
$16.79 Million
GBX138.04 Billion GBX
Market Cap Rank
#25550 Global
#273 in UK
Share Price
GBX2880.00
Change (1 day)
+2.31%
52-Week Range
GBX2060.00 - GBX2880.00
All Time High
GBX2880.00
Categories
Companies in UK Asset Management Banking & Financial
About

Herald Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Herald Investment Management Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the technology, telecommunications, and multi-media sectors. It primarily invests in stocks of small-cap companies having market capitalizations lower than £… Read more