Impax Environmental Markets PLC
Impax Environmental Markets plc is a closed ended equity mutual fund launched and managed by Impax Asset Management (AIFM) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies which provide, utilize, implement or advise upon technology-based systems, products or services in environmental markets, particularly of those in the alternative en… Read more
Impax Environmental Markets PLC (IEM) - Net Assets
Latest net assets as of June 2025: GBX852.80 Million GBX
Based on the latest financial reports, Impax Environmental Markets PLC (IEM) has net assets worth GBX852.80 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX947.35 Million) and total liabilities (GBX94.54 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 | GBX852.80 Million |
| % of Total Assets | 90.02% |
| Annual Growth Rate | 17.77% |
| 5-Year Change | -5.96% |
| 10-Year Change | 176.67% |
| Growth Volatility | 47.98 |
Impax Environmental Markets PLC - Net Assets Trend (2003–2024)
This chart illustrates how Impax Environmental Markets 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 Impax Environmental Markets PLC (2003–2024)
The table below shows the annual net assets of Impax Environmental Markets PLC from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX1.03 Billion | -15.90% |
| 2023-12-31 | GBX1.22 Billion | -4.19% |
| 2022-12-31 | GBX1.28 Billion | -13.77% |
| 2021-12-31 | GBX1.48 Billion | +35.34% |
| 2020-12-31 | GBX1.09 Billion | +66.41% |
| 2019-12-31 | GBX656.98 Million | +46.01% |
| 2018-12-31 | GBX449.96 Million | -11.23% |
| 2017-12-31 | GBX506.91 Million | +8.95% |
| 2016-12-31 | GBX465.25 Million | +25.20% |
| 2015-12-31 | GBX371.60 Million | -0.56% |
| 2014-12-31 | GBX373.70 Million | -3.19% |
| 2013-12-31 | GBX386.00 Million | +13.13% |
| 2012-12-31 | GBX341.21 Million | -1.03% |
| 2011-12-31 | GBX344.75 Million | -23.96% |
| 2010-12-31 | GBX453.37 Million | +15.11% |
| 2009-12-31 | GBX393.84 Million | +29.16% |
| 2008-12-31 | GBX304.93 Million | -22.35% |
| 2007-12-31 | GBX392.71 Million | +74.97% |
| 2006-12-31 | GBX224.44 Million | +109.87% |
| 2005-12-31 | GBX106.94 Million | +178.89% |
| 2004-12-31 | GBX38.35 Million | +15.69% |
| 2003-12-31 | GBX33.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Impax Environmental Markets 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 1442500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX14.43 Million | 1.40% |
| Common Stock | GBX30.56 Million | 2.97% |
| Other Comprehensive Income | GBX983.10 Million | 95.62% |
| Total Equity | GBX1.03 Billion | 100.00% |
Impax Environmental Markets PLC Competitors by Market Cap
The table below lists competitors of Impax Environmental Markets PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PBT
WAR:PBT
|
$491.04 |
|
SEQL3F
SA:SEQL3F
|
$491.62 |
|
InnerScope Hearing Technologies, Inc.
PINK:INNDD
|
$492.45 |
|
Gammon Pakistan Ltd
KAR:GAMON
|
$492.50 |
|
United Insurance Company of Pakistan Ltd
KAR:UNIC
|
$490.48 |
|
Fame Productions Inc
PINK:FMPR
|
$489.02 |
|
Igoria Trade S.A.
WAR:IGT
|
$488.95 |
|
Silver Bullet Data Services Group PLC
LSE:SBDS
|
$488.72 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Impax Environmental Markets PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,222,484,000 to 1,028,084,000, a change of -194,400,000 (-15.9%).
- Net loss of 20,646,000 reduced equity.
- Dividend payments of 12,606,000 reduced retained earnings.
- Share repurchases of 159,420,000 reduced equity.
- Other comprehensive income increased equity by 229,209,000.
- Other factors decreased equity by 230,937,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-20.65 Million | -2.01% |
| Dividends Paid | GBX12.61 Million | -1.23% |
| Share Repurchases | GBX159.42 Million | -15.51% |
| Other Comprehensive Income | GBX229.21 Million | +22.29% |
| Other Changes | GBX-230.94 Million | -22.46% |
| Total Change | GBX- | -15.90% |
Book Value vs Market Value Analysis
This analysis compares Impax Environmental Markets 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: 106.94x
- 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 3693.83x to 106.94x 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 | GBX0.11 | GBX422.00 | x |
| 2004-12-31 | GBX0.13 | GBX422.00 | x |
| 2005-12-31 | GBX0.37 | GBX422.00 | x |
| 2006-12-31 | GBX0.77 | GBX422.00 | x |
| 2007-12-31 | GBX1.35 | GBX422.00 | x |
| 2008-12-31 | GBX1.00 | GBX422.00 | x |
| 2009-12-31 | GBX1.29 | GBX422.00 | x |
| 2010-12-31 | GBX1.45 | GBX422.00 | x |
| 2011-12-31 | GBX1.11 | GBX422.00 | x |
| 2012-12-31 | GBX1.18 | GBX422.00 | x |
| 2013-12-31 | GBX1.33 | GBX422.00 | x |
| 2014-12-31 | GBX1.29 | GBX422.00 | x |
| 2015-12-31 | GBX1.28 | GBX422.00 | x |
| 2016-12-31 | GBX1.60 | GBX422.00 | x |
| 2017-12-31 | GBX1.75 | GBX422.00 | x |
| 2018-12-31 | GBX1.55 | GBX422.00 | x |
| 2019-12-31 | GBX2.26 | GBX422.00 | x |
| 2020-12-31 | GBX3.77 | GBX422.00 | x |
| 2021-12-31 | GBX5.10 | GBX422.00 | x |
| 2022-12-31 | GBX4.20 | GBX422.00 | x |
| 2023-12-31 | GBX4.12 | GBX422.00 | x |
| 2024-12-31 | GBX3.95 | GBX422.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Impax Environmental Markets 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): -2.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.01x
- • Equity Multiplier: 1.09x
- Recent ROE (-2.01%) is below the historical average (7.25%), 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 | 17.94% | 90.46% | 0.20x | 1.01x | GBX2.63 Million |
| 2004 | 13.53% | 90.14% | 0.15x | 1.01x | GBX1.36 Million |
| 2005 | 9.02% | 91.75% | 0.10x | 1.02x | GBX-1.05 Million |
| 2006 | 14.98% | 93.36% | 0.16x | 1.01x | GBX11.17 Million |
| 2007 | 11.29% | 91.77% | 0.12x | 1.01x | GBX5.08 Million |
| 2008 | -29.97% | 0.00% | -0.28x | 1.00x | GBX-121.87 Million |
| 2009 | 23.32% | 95.76% | 0.24x | 1.00x | GBX52.45 Million |
| 2010 | 11.19% | 91.38% | 0.12x | 1.00x | GBX5.41 Million |
| 2011 | -23.82% | 0.00% | -0.22x | 1.00x | GBX-116.58 Million |
| 2012 | 6.55% | 95.51% | 0.07x | 1.00x | GBX-11.77 Million |
| 2013 | 25.81% | 98.93% | 0.26x | 1.01x | GBX61.04 Million |
| 2014 | 1.37% | 82.97% | 0.02x | 1.09x | GBX-32.24 Million |
| 2015 | 5.18% | 94.46% | 0.05x | 1.08x | GBX-17.90 Million |
| 2016 | 27.07% | 98.92% | 0.26x | 1.07x | GBX79.40 Million |
| 2017 | 13.81% | 97.37% | 0.13x | 1.06x | GBX19.32 Million |
| 2018 | -11.80% | 0.00% | -0.11x | 1.07x | GBX-98.10 Million |
| 2019 | 21.24% | 97.65% | 0.21x | 1.05x | GBX73.87 Million |
| 2020 | 22.03% | 98.81% | 0.21x | 1.05x | GBX131.51 Million |
| 2021 | 16.25% | 98.75% | 0.16x | 1.04x | GBX92.47 Million |
| 2022 | -17.58% | 0.00% | -0.16x | 1.04x | GBX-351.86 Million |
| 2023 | 3.97% | 75.72% | 0.05x | 1.07x | GBX-73.75 Million |
| 2024 | -2.01% | 0.00% | -0.01x | 1.09x | GBX-123.45 Million |
Industry Comparison
This section compares Impax Environmental Markets PLC'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 |
|---|---|---|---|---|
| Impax Environmental Markets PLC (IEM) | GBX852.80 Million | 17.94% | 0.11x | $490.50 |
| 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 |