Life Settlement Assets PLC
Life Settlement Assets PLC, a closed-ended investment trust company, invests in and manages portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating primarily in the United States. The company was incorporated in 2017 and is based in Teignmouth, the United Kingdom.
Life Settlement Assets PLC (LSAA) - Net Assets
Latest net assets as of December 2024: $101.03 Million USD
Based on the latest financial reports, Life Settlement Assets PLC (LSAA) has net assets worth $101.03 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($102.62 Million) and total liabilities ($1.59 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 | $101.03 Million |
| % of Total Assets | 98.45% |
| Annual Growth Rate | -3.82% |
| 5-Year Change | 0.82% |
| 10-Year Change | N/A |
| Growth Volatility | 7.71 |
Life Settlement Assets PLC - Net Assets Trend (2018–2024)
This chart illustrates how Life Settlement Assets 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 Life Settlement Assets PLC (2018–2024)
The table below shows the annual net assets of Life Settlement Assets PLC from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $101.03 Million | -9.16% |
| 2023-12-31 | $111.21 Million | +1.18% |
| 2022-12-31 | $109.91 Million | +0.55% |
| 2021-12-31 | $109.31 Million | +9.10% |
| 2020-12-31 | $100.20 Million | -12.71% |
| 2019-12-31 | $114.79 Million | -10.06% |
| 2018-12-31 | $127.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Life Settlement Assets 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 2595900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.87 Million | 19.67% |
| Common Stock | $454.00K | 0.45% |
| Other Comprehensive Income | $80.70 Million | 79.88% |
| Total Equity | $101.03 Million | 100.00% |
Life Settlement Assets PLC Competitors by Market Cap
The table below lists competitors of Life Settlement Assets PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skardin Industrial
TWO:3466
|
$64.38 Million |
|
Waratah Minerals Ltd
AU:WTM
|
$64.39 Million |
|
Critical Elements Corporation
OTCQX:CRECF
|
$64.40 Million |
|
Stove Kraft Limited
NSE:STOVEKRAFT
|
$64.40 Million |
|
Dallasnews Corp
NASDAQ:DALN
|
$64.35 Million |
|
Tycoons Group Enterprise Co Ltd
TW:2022
|
$64.34 Million |
|
Nilkamal Limited
NSE:NILKAMAL
|
$64.32 Million |
|
Excelliance MOS
TWO:5299
|
$64.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Life Settlement Assets PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 111,213,000 to 101,025,000, a change of -10,188,000 (-9.2%).
- Net income of 660,000 contributed positively to equity growth.
- Dividend payments of 3,000,000 reduced retained earnings.
- Share repurchases of 7,848,000 reduced equity.
- Other comprehensive income decreased equity by 10,804,000.
- Other factors increased equity by 10,804,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $660.00K | +0.65% |
| Dividends Paid | $3.00 Million | -2.97% |
| Share Repurchases | $7.85 Million | -7.77% |
| Other Comprehensive Income | $-10.80 Million | -10.69% |
| Other Changes | $10.80 Million | +10.69% |
| Total Change | $- | -9.16% |
Book Value vs Market Value Analysis
This analysis compares Life Settlement Assets 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: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.87x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $1.80 | $1.57 | x |
| 2019-12-31 | $2.43 | $1.57 | x |
| 2020-12-31 | $2.12 | $1.57 | x |
| 2021-12-31 | $2.31 | $1.57 | x |
| 2022-12-31 | $2.21 | $1.57 | x |
| 2023-12-31 | $2.23 | $1.57 | x |
| 2024-12-31 | $2.10 | $1.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Life Settlement Assets 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): 0.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.81%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.02x
- Recent ROE (0.65%) is below the historical average (2.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -3.37% | -317.03% | 0.01x | 1.04x | $-17.06 Million |
| 2019 | 11.07% | 70.96% | 0.15x | 1.05x | $1.23 Million |
| 2020 | -6.74% | 0.00% | -0.01x | 1.01x | $-16.77 Million |
| 2021 | 13.21% | 68.81% | 0.19x | 1.03x | $3.51 Million |
| 2022 | 0.54% | 9.01% | 0.06x | 1.03x | $-10.39 Million |
| 2023 | 3.87% | 49.00% | 0.08x | 1.02x | $-6.82 Million |
| 2024 | 0.65% | 14.81% | 0.04x | 1.02x | $-9.44 Million |
Industry Comparison
This section compares Life Settlement Assets 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 |
|---|---|---|---|---|
| Life Settlement Assets PLC (LSAA) | $101.03 Million | -3.37% | 0.02x | $64.37 Million |
| 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 |