Impax Environmental Markets PLC (IEM) - Net Assets

Latest as of December 2025: GBX813.24 Million GBX ≈ $98.95K USD

Based on the latest financial reports, Impax Environmental Markets PLC (IEM) has net assets worth GBX813.24 Million GBX (≈ $98.95K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX903.62 Million ≈ $109.94K USD) and total liabilities (GBX90.37 Million ≈ $11.00K 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 Impax Environmental Markets PLC (IEM) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX813.24 Million
% of Total Assets	90.0%
Annual Growth Rate	15.66%
5-Year Change	-45.04%
10-Year Change	74.8%
Growth Volatility	47.84

Impax Environmental Markets PLC - Net Assets Trend (2003–2025)

This chart illustrates how Impax Environmental Markets PLC's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Impax Environmental Markets PLC to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Impax Environmental Markets PLC (2003–2025)

The table below shows the annual net assets of Impax Environmental Markets PLC from 2003 to 2025. For live valuation and market cap data, see Impax Environmental Markets PLC market capitalisation.

Year	Net Assets	Change
2025-12-31	GBX813.24 Million ≈ $98.95K	-20.90%
2024-12-31	GBX1.03 Billion ≈ $125.09K	-15.90%
2023-12-31	GBX1.22 Billion ≈ $148.74K	-4.19%
2022-12-31	GBX1.28 Billion ≈ $155.24K	-13.77%
2021-12-31	GBX1.48 Billion ≈ $180.03K	+35.34%
2020-12-31	GBX1.09 Billion ≈ $133.02K	+66.41%
2019-12-31	GBX656.98 Million ≈ $79.94K	+46.01%
2018-12-31	GBX449.96 Million ≈ $54.75K	-11.23%
2017-12-31	GBX506.91 Million ≈ $61.68K	+8.95%
2016-12-31	GBX465.25 Million ≈ $56.61K	+25.20%
2015-12-31	GBX371.60 Million ≈ $45.21K	-0.56%
2014-12-31	GBX373.70 Million ≈ $45.47K	-3.19%
2013-12-31	GBX386.00 Million ≈ $46.96K	+13.13%
2012-12-31	GBX341.21 Million ≈ $41.52K	-1.03%
2011-12-31	GBX344.75 Million ≈ $41.95K	-23.96%
2010-12-31	GBX453.37 Million ≈ $55.16K	+15.11%
2009-12-31	GBX393.84 Million ≈ $47.92K	+29.16%
2008-12-31	GBX304.93 Million ≈ $37.10K	-22.35%
2007-12-31	GBX392.71 Million ≈ $47.78K	+74.97%
2006-12-31	GBX224.44 Million ≈ $27.31K	+109.87%
2005-12-31	GBX106.94 Million ≈ $13.01K	+178.89%
2004-12-31	GBX38.35 Million ≈ $4.67K	+15.69%
2003-12-31	GBX33.15 Million ≈ $4.03K	--

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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	GBX19.04 Million	2.34%
Other Components	GBX794.20 Million	97.66%
Total Equity	GBX813.24 Million	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
Galeo Concept SA PA:MLGAL	$2.29 Million
HCW Biologics Inc NASDAQ:HCWB	$2.29 Million
Easson Holdings Ltd PA:MLEAS	$2.29 Million
Club De Futbol Intercity Sad MC:CITY	$2.29 Million
Sky Gold Corp V:SKYG	$2.28 Million
Accsys Technologies PLC LSE:AXS	$2.28 Million
Multipolar Tbk JK:MLPL	$2.28 Million
TECH INVEST GROUP ZY-02 F:6N2	$2.27 Million

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 2024 to 2025, total equity changed from 1,028,084,000 to 813,244,000, a change of -214,840,000 (-20.9%).
Net loss of 14,534,000 reduced equity.
Dividend payments of 11,313,000 reduced retained earnings.
Other comprehensive income decreased equity by 983,097,000.
Other factors increased equity by 794,104,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-14.53 Million	-1.79%
Dividends Paid	GBX11.31 Million	-1.39%
Other Comprehensive Income	GBX-983.10 Million	-120.89%
Other Changes	GBX794.10 Million	+97.65%
Total Change	GBX-	-20.90%

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: 121.99x
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 4144.62x to 121.99x 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	GBX473.50	x
2004-12-31	GBX0.13	GBX473.50	x
2005-12-31	GBX0.37	GBX473.50	x
2006-12-31	GBX0.77	GBX473.50	x
2007-12-31	GBX1.35	GBX473.50	x
2008-12-31	GBX1.00	GBX473.50	x
2009-12-31	GBX1.29	GBX473.50	x
2010-12-31	GBX1.45	GBX473.50	x
2011-12-31	GBX1.11	GBX473.50	x
2012-12-31	GBX1.18	GBX473.50	x
2013-12-31	GBX1.33	GBX473.50	x
2014-12-31	GBX1.29	GBX473.50	x
2015-12-31	GBX1.28	GBX473.50	x
2016-12-31	GBX1.60	GBX473.50	x
2017-12-31	GBX1.75	GBX473.50	x
2018-12-31	GBX1.55	GBX473.50	x
2019-12-31	GBX2.26	GBX473.50	x
2020-12-31	GBX3.77	GBX473.50	x
2021-12-31	GBX5.10	GBX473.50	x
2022-12-31	GBX4.20	GBX473.50	x
2023-12-31	GBX4.12	GBX473.50	x
2024-12-31	GBX3.95	GBX473.50	x
2025-12-31	GBX3.88	GBX473.50	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): -1.79%
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: 1.11x
Recent ROE (-1.79%) is below the historical average (6.85%), 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
2025	-1.79%	0.00%	-0.01x	1.11x	GBX-95.86 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: $657,704,100
Average return on equity (ROE) among peers: 5.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Impax Environmental Markets PLC (IEM)	GBX813.24 Million	17.94%	0.11x	$2.28 Million
3I Infrastructure PLC (3IN)	$1.25 Billion	6.43%	0.14x	$41.69 Million
Albion Enterprise VCT PLC (AAEV)	$140.65 Million	2.37%	0.01x	$3.29 Million
abrdn Asian Income Fund Limited (AAIF)	$154.40 Million	26.46%	0.07x	$5.95 Million
Abrdn Asia Focus PLC (AAS)	$121.96 Million	12.34%	0.07x	$7.74 Million
Albion Technology & General VCT PLC (AATG)	$121.25 Million	-5.20%	0.01x	$3.15 Million
Abrdn PLC (ABDN)	$3.74 Billion	2.67%	35.62x	$50.56 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG)	$428.13 Million	2.15%	0.15x	$450.86K
Aquila Energy Efficiency Trust PLC (AEET)	$97.38 Million	-0.64%	0.00x	$247.72K
Aquila European Renewables Income PLC (AERI)	$372.54 Million	-8.03%	0.00x	$56.72 Million
Artemis UK Future Leaders plc (AFL)	$152.03 Million	18.55%	0.02x	$404.11

About Impax Environmental Markets PLC

LSE:IEM UK Asset Management

Market Cap

$2.28 Million

GBX18.77 Billion GBX

Market Cap Rank

#29820 Global

#657 in UK

Share Price

GBX473.50

Change (1 day)

+1.39%

52-Week Range

GBX367.00 - GBX473.50

All Time High

GBX566.87