JP Morgan Global Growth & Income PLC
JPMorgan Global Growth & Income plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations, with a bias towards large cap companies. It be… Read more
JP Morgan Global Growth & Income PLC (JGGI) - Net Assets
Latest net assets as of December 2024: GBX2.93 Billion GBX
Based on the latest financial reports, JP Morgan Global Growth & Income PLC (JGGI) has net assets worth GBX2.93 Billion GBX as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.09 Billion) and total liabilities (GBX151.54 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 | GBX2.93 Billion |
| % of Total Assets | 95.09% |
| Annual Growth Rate | 11.03% |
| 5-Year Change | 471.37% |
| 10-Year Change | 916.61% |
| Growth Volatility | 40.68 |
JP Morgan Global Growth & Income PLC - Net Assets Trend (2004–2024)
This chart illustrates how JP Morgan Global Growth & Income 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 JP Morgan Global Growth & Income PLC (2004–2024)
The table below shows the annual net assets of JP Morgan Global Growth & Income PLC from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | GBX2.74 Billion | +50.91% |
| 2023-06-30 | GBX1.81 Billion | +170.82% |
| 2022-06-30 | GBX669.41 Million | +2.45% |
| 2021-06-30 | GBX653.37 Million | +36.45% |
| 2020-06-30 | GBX478.84 Million | +8.45% |
| 2019-06-30 | GBX441.52 Million | +7.48% |
| 2018-06-30 | GBX410.79 Million | +8.91% |
| 2017-06-30 | GBX377.18 Million | +25.66% |
| 2016-06-30 | GBX300.15 Million | +11.53% |
| 2015-06-30 | GBX269.12 Million | +9.56% |
| 2014-06-30 | GBX245.63 Million | +11.07% |
| 2013-06-30 | GBX221.15 Million | +10.61% |
| 2012-06-30 | GBX199.94 Million | -13.76% |
| 2011-06-30 | GBX231.83 Million | +24.03% |
| 2010-06-30 | GBX186.91 Million | +28.49% |
| 2009-06-30 | GBX145.47 Million | -12.26% |
| 2008-06-30 | GBX165.81 Million | -20.19% |
| 2007-06-30 | GBX207.74 Million | -8.72% |
| 2006-06-30 | GBX227.58 Million | -39.45% |
| 2005-06-30 | GBX375.85 Million | +11.27% |
| 2004-06-30 | GBX337.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JP Morgan Global Growth & Income 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 229895000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX2.30 Billion | 84.03% |
| Common Stock | GBX24.02 Million | 0.88% |
| Other Comprehensive Income | GBX27.40 Million | 1.00% |
| Other Components | GBX385.57 Million | 14.09% |
| Total Equity | GBX2.74 Billion | 100.00% |
JP Morgan Global Growth & Income PLC Competitors by Market Cap
The table below lists competitors of JP Morgan Global Growth & Income PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gul Ahmed Textile Mills Ltd
KAR:GATM
|
$660.64 |
|
Metaline Contact Mines
PINK:MTLI
|
$660.87 |
|
Transcontinental Gold Corp.
V:TCG-P
|
$660.89 |
|
TIANJIN PORT DEVELP (T9P.SG)
STU:T9P
|
$661.20 |
|
TP TEC Holding Berhad
KLSE:03061
|
$658.97 |
|
My Beat AB
F:J1A
|
$658.23 |
|
Hydropipes Industries Sdn. Bhd.
KLSE:03060
|
$658.12 |
|
RMS Mezzanine A.S.
PR:PVT
|
$657.46 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JP Morgan Global Growth & Income PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,812,908,000 to 2,735,942,000, a change of 923,034,000 (50.9%).
- Net income of 552,219,000 contributed positively to equity growth.
- Dividend payments of 74,502,000 reduced retained earnings.
- Share repurchases of 4,903,000 reduced equity.
- New share issuances of 410,706,000 increased equity.
- Other factors increased equity by 39,514,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX552.22 Million | +20.18% |
| Dividends Paid | GBX74.50 Million | -2.72% |
| Share Repurchases | GBX4.90 Million | -0.18% |
| Share Issuances | GBX410.71 Million | +15.01% |
| Other Changes | GBX39.51 Million | +1.44% |
| Total Change | GBX- | 50.91% |
Book Value vs Market Value Analysis
This analysis compares JP Morgan Global Growth & Income 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: 87.93x
- 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 581.62x to 87.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | GBX0.96 | GBX560.00 | x |
| 2005-06-30 | GBX1.08 | GBX560.00 | x |
| 2006-06-30 | GBX0.74 | GBX560.00 | x |
| 2007-06-30 | GBX1.25 | GBX560.00 | x |
| 2008-06-30 | GBX1.16 | GBX560.00 | x |
| 2009-06-30 | GBX1.10 | GBX560.00 | x |
| 2010-06-30 | GBX1.45 | GBX560.00 | x |
| 2011-06-30 | GBX1.80 | GBX560.00 | x |
| 2012-06-30 | GBX1.54 | GBX560.00 | x |
| 2013-06-30 | GBX1.83 | GBX560.00 | x |
| 2014-06-30 | GBX2.09 | GBX560.00 | x |
| 2015-06-30 | GBX2.32 | GBX560.00 | x |
| 2016-06-30 | GBX2.43 | GBX560.00 | x |
| 2017-06-30 | GBX3.05 | GBX560.00 | x |
| 2018-06-30 | GBX3.26 | GBX560.00 | x |
| 2019-06-30 | GBX3.38 | GBX560.00 | x |
| 2020-06-30 | GBX3.49 | GBX560.00 | x |
| 2021-06-30 | GBX4.48 | GBX560.00 | x |
| 2022-06-30 | GBX4.22 | GBX560.00 | x |
| 2023-06-30 | GBX5.60 | GBX560.00 | x |
| 2024-06-30 | GBX6.37 | GBX560.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JP Morgan Global Growth & Income 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): 20.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.75%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.06x
- Recent ROE (20.18%) is above the historical average (10.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.76% | 91.78% | 0.12x | 1.09x | GBX5.95 Million |
| 2005 | 10.58% | 91.36% | 0.12x | 1.00x | GBX2.18 Million |
| 2006 | 31.77% | 93.68% | 0.33x | 1.01x | GBX49.54 Million |
| 2007 | 9.34% | 91.38% | 0.10x | 1.01x | GBX-1.37 Million |
| 2008 | -10.09% | 0.00% | -0.09x | 1.05x | GBX-33.32 Million |
| 2009 | -9.20% | 0.00% | -0.06x | 1.10x | GBX-27.93 Million |
| 2010 | 25.15% | 91.79% | 0.25x | 1.08x | GBX28.32 Million |
| 2011 | 19.48% | 94.76% | 0.19x | 1.10x | GBX21.97 Million |
| 2012 | -11.68% | 0.00% | -0.11x | 1.02x | GBX-43.34 Million |
| 2013 | 17.95% | 97.81% | 0.16x | 1.12x | GBX17.58 Million |
| 2014 | 12.23% | 97.24% | 0.11x | 1.10x | GBX5.48 Million |
| 2015 | 10.72% | 96.77% | 0.10x | 1.11x | GBX1.94 Million |
| 2016 | 6.79% | 95.42% | 0.06x | 1.11x | GBX-9.63 Million |
| 2017 | 22.92% | 98.58% | 0.21x | 1.09x | GBX48.71 Million |
| 2018 | 7.49% | 96.40% | 0.07x | 1.08x | GBX-10.32 Million |
| 2019 | 7.91% | 96.05% | 0.08x | 1.07x | GBX-9.21 Million |
| 2020 | 5.56% | 94.15% | 0.05x | 1.10x | GBX-21.24 Million |
| 2021 | 23.76% | 156.55% | 0.14x | 1.10x | GBX89.90 Million |
| 2022 | -3.82% | -25.04% | 0.14x | 1.09x | GBX-92.50 Million |
| 2023 | 8.93% | 210.50% | 0.04x | 1.08x | GBX-19.42 Million |
| 2024 | 20.18% | 94.75% | 0.20x | 1.06x | GBX278.62 Million |
Industry Comparison
This section compares JP Morgan Global Growth & Income 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 |
|---|---|---|---|---|
| JP Morgan Global Growth & Income PLC (JGGI) | GBX2.93 Billion | 11.76% | 0.05x | $659.90 |
| 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 |