Henderson Smaller Cos Inv Tst
The Henderson Smaller Companies Investment 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 the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks … Read more
Henderson Smaller Cos Inv Tst (HSL) - Net Assets
Latest net assets as of May 2025: GBX634.32 Million GBX
Based on the latest financial reports, Henderson Smaller Cos Inv Tst (HSL) has net assets worth GBX634.32 Million GBX as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX706.09 Million) and total liabilities (GBX71.76 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 | GBX634.32 Million |
| % of Total Assets | 89.84% |
| Annual Growth Rate | -0.52% |
| 5-Year Change | -36.11% |
| 10-Year Change | 16.16% |
| Growth Volatility | 28.71 |
Henderson Smaller Cos Inv Tst - Net Assets Trend (2000–2025)
This chart illustrates how Henderson Smaller Cos Inv Tst'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 Smaller Cos Inv Tst (2000–2025)
The table below shows the annual net assets of Henderson Smaller Cos Inv Tst from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | GBX634.32 Million | -15.12% |
| 2024-05-31 | GBX747.34 Million | +10.65% |
| 2023-05-31 | GBX675.39 Million | -15.85% |
| 2022-05-31 | GBX802.60 Million | -19.17% |
| 2021-05-31 | GBX992.90 Million | +54.71% |
| 2020-05-31 | GBX641.80 Million | -10.38% |
| 2019-05-31 | GBX716.14 Million | -8.43% |
| 2018-05-31 | GBX782.07 Million | +13.60% |
| 2017-05-31 | GBX688.46 Million | +26.07% |
| 2016-05-31 | GBX546.08 Million | -3.06% |
| 2015-05-31 | GBX563.32 Million | +18.27% |
| 2014-05-31 | GBX476.28 Million | +18.06% |
| 2013-05-31 | GBX403.42 Million | +44.12% |
| 2012-05-31 | GBX279.93 Million | -6.12% |
| 2011-05-31 | GBX298.18 Million | +43.68% |
| 2010-05-31 | GBX207.53 Million | +32.74% |
| 2009-05-31 | GBX156.35 Million | -38.80% |
| 2008-05-31 | GBX255.47 Million | -24.80% |
| 2007-05-31 | GBX339.70 Million | +20.91% |
| 2006-05-31 | GBX280.95 Million | +28.84% |
| 2005-05-31 | GBX218.07 Million | +10.39% |
| 2004-05-31 | GBX197.54 Million | +38.64% |
| 2003-05-31 | GBX142.49 Million | -42.14% |
| 2002-05-31 | GBX246.28 Million | -53.81% |
| 2001-05-31 | GBX533.20 Million | -26.15% |
| 2000-05-31 | GBX721.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Henderson Smaller Cos Inv Tst'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 (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX18.60 Million | 2.93% |
| Other Components | GBX615.73 Million | 97.07% |
| Total Equity | GBX634.32 Million | 100.00% |
Henderson Smaller Cos Inv Tst Competitors by Market Cap
The table below lists competitors of Henderson Smaller Cos Inv Tst ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunda Energy Plc
LSE:SNDA
|
$961.27 |
|
GSTechnologies Ltd
LSE:GST
|
$961.86 |
|
Liveworld Inc.
PINK:LVWD
|
$962.96 |
|
Silk Road Entertainment Inc
PINK:SKRJ
|
$963.46 |
|
Global Telecom Holding
EGX:GTHE
|
$961.00 |
|
CAHLF
PINK:CAHLF
|
$960.00 |
|
Saniona AB TO 4
ST:SANION-TO4
|
$959.74 |
|
Dialog Axiata PLC
CM:DIALN0000
|
$959.07 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henderson Smaller Cos Inv Tst's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 747,340,000 to 634,324,000, a change of -113,016,000 (-15.1%).
- Net loss of 44,994,000 reduced equity.
- Dividend payments of 20,004,000 reduced retained earnings.
- Share repurchases of 47,619,000 reduced equity.
- Other comprehensive income decreased equity by 709,060,999.
- Other factors increased equity by 708,661,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-44.99 Million | -7.09% |
| Dividends Paid | GBX20.00 Million | -3.15% |
| Share Repurchases | GBX47.62 Million | -7.51% |
| Other Comprehensive Income | GBX-709.06 Million | -111.78% |
| Other Changes | GBX708.66 Million | +111.72% |
| Total Change | GBX- | -15.12% |
Book Value vs Market Value Analysis
This analysis compares Henderson Smaller Cos Inv Tst'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: 92.21x
- 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 504.49x to 92.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-05-31 | GBX1.69 | GBX854.00 | x |
| 2005-05-31 | GBX2.01 | GBX854.00 | x |
| 2006-05-31 | GBX2.79 | GBX854.00 | x |
| 2007-05-31 | GBX3.68 | GBX854.00 | x |
| 2008-05-31 | GBX3.07 | GBX854.00 | x |
| 2009-05-31 | GBX2.00 | GBX854.00 | x |
| 2010-05-31 | GBX2.76 | GBX854.00 | x |
| 2011-05-31 | GBX3.98 | GBX854.00 | x |
| 2012-05-31 | GBX3.74 | GBX854.00 | x |
| 2013-05-31 | GBX5.40 | GBX854.00 | x |
| 2014-05-31 | GBX6.38 | GBX854.00 | x |
| 2015-05-31 | GBX7.54 | GBX854.00 | x |
| 2016-05-31 | GBX7.31 | GBX854.00 | x |
| 2017-05-31 | GBX9.22 | GBX854.00 | x |
| 2018-05-31 | GBX10.47 | GBX854.00 | x |
| 2019-05-31 | GBX9.59 | GBX854.00 | x |
| 2020-05-31 | GBX8.59 | GBX854.00 | x |
| 2021-05-31 | GBX13.29 | GBX854.00 | x |
| 2022-05-31 | GBX10.74 | GBX854.00 | x |
| 2023-05-31 | GBX9.04 | GBX854.00 | x |
| 2024-05-31 | GBX10.01 | GBX854.00 | x |
| 2025-05-31 | GBX9.26 | GBX854.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henderson Smaller Cos Inv Tst 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): -7.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.06x
- • Equity Multiplier: 1.11x
- Recent ROE (-7.09%) is below the historical average (7.36%), 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 | 30.02% | 94.47% | 0.27x | 1.16x | GBX39.56 Million |
| 2005 | 19.03% | 91.43% | 0.18x | 1.13x | GBX19.70 Million |
| 2006 | 23.85% | 93.53% | 0.22x | 1.14x | GBX38.91 Million |
| 2007 | 28.49% | 93.08% | 0.27x | 1.13x | GBX62.80 Million |
| 2008 | -25.88% | 0.00% | -0.22x | 1.14x | GBX-91.66 Million |
| 2009 | -57.80% | 0.00% | -0.50x | 1.13x | GBX-106.00 Million |
| 2010 | 28.69% | 94.99% | 0.27x | 1.11x | GBX38.79 Million |
| 2011 | 31.30% | 94.83% | 0.30x | 1.10x | GBX63.52 Million |
| 2012 | -5.22% | 0.00% | -0.04x | 1.09x | GBX-42.61 Million |
| 2013 | 31.66% | 99.61% | 0.29x | 1.09x | GBX87.38 Million |
| 2014 | 16.79% | 99.44% | 0.15x | 1.10x | GBX32.33 Million |
| 2015 | 16.98% | 99.50% | 0.16x | 1.10x | GBX39.30 Million |
| 2016 | -1.24% | 0.00% | -0.01x | 1.11x | GBX-61.39 Million |
| 2017 | 22.42% | 99.63% | 0.20x | 1.10x | GBX85.49 Million |
| 2018 | 13.78% | 99.43% | 0.13x | 1.10x | GBX29.59 Million |
| 2019 | -6.96% | 0.00% | -0.06x | 1.09x | GBX-121.48 Million |
| 2020 | -8.85% | 0.00% | -0.08x | 1.12x | GBX-120.98 Million |
| 2021 | 37.13% | 99.80% | 0.34x | 1.10x | GBX269.36 Million |
| 2022 | -21.50% | 0.00% | -0.19x | 1.13x | GBX-252.82 Million |
| 2023 | -16.18% | 0.00% | -0.14x | 1.15x | GBX-176.83 Million |
| 2024 | 12.49% | 93.00% | 0.12x | 1.14x | GBX18.61 Million |
| 2025 | -7.09% | 0.00% | -0.06x | 1.11x | GBX-108.43 Million |
Industry Comparison
This section compares Henderson Smaller Cos Inv Tst'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 |
|---|---|---|---|---|
| Henderson Smaller Cos Inv Tst (HSL) | GBX634.32 Million | 30.02% | 0.11x | $961.24 |
| 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 |