Law Debenture Corp

LSE:LWDB UK Asset Management
Market Cap
$17.89 Million
GBX147.07 Billion GBX
Market Cap Rank
#39712 Global
#566 in UK
Share Price
GBX1104.00
Change (1 day)
-0.54%
52-Week Range
GBX9.65 - GBX1200.00
All Time High
GBX1200.00
Categories
Companies in UK Asset Management Banking & Financial
About

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals worldwide. The company operates in two segments, Investment Portfolio and Independent Professional Services. It provides corporate secretarial services; corporate trust services, including bond/security trustee, escrow agent, bespoke trust so… Read more

Law Debenture Corp (LWDB) - Net Assets

Latest net assets as of June 2025: GBX1.06 Billion GBX

Based on the latest financial reports, Law Debenture Corp (LWDB) has net assets worth GBX1.06 Billion GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.26 Billion) and total liabilities (GBX191.35 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 GBX1.06 Billion
% of Total Assets 84.77%
Annual Growth Rate 4.86%
5-Year Change 26.65%
10-Year Change 65.21%
Growth Volatility 16.01

Law Debenture Corp - Net Assets Trend (2000–2024)

This chart illustrates how Law Debenture Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Law Debenture Corp (2000–2024)

The table below shows the annual net assets of Law Debenture Corp from 2000 to 2024.

Year Net Assets Change
2024-12-31 GBX920.76 Million +7.79%
2023-12-31 GBX854.23 Million +6.90%
2022-12-31 GBX799.07 Million -9.08%
2021-12-31 GBX878.84 Million +20.89%
2020-12-31 GBX726.99 Million -6.23%
2019-12-31 GBX775.27 Million +15.82%
2018-12-31 GBX669.36 Million -10.54%
2017-12-31 GBX748.26 Million +12.98%
2016-12-31 GBX662.28 Million +18.83%
2015-12-31 GBX557.32 Million -2.94%
2014-12-31 GBX574.21 Million +0.90%
2013-12-31 GBX569.07 Million +25.94%
2012-12-31 GBX451.86 Million +15.59%
2011-12-31 GBX390.93 Million -5.25%
2010-12-31 GBX412.57 Million +20.49%
2009-12-31 GBX342.40 Million +28.52%
2008-12-31 GBX266.42 Million -34.55%
2007-12-31 GBX407.09 Million +3.68%
2006-12-31 GBX392.64 Million +15.61%
2005-12-31 GBX339.62 Million +24.63%
2004-12-31 GBX272.51 Million +13.02%
2003-12-31 GBX241.12 Million +20.82%
2002-12-31 GBX199.57 Million -23.35%
2001-12-31 GBX260.37 Million -11.61%
2000-12-31 GBX294.58 Million --

Equity Component Analysis

This analysis shows how different components contribute to Law Debenture Corp'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 5089.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX792.64 Million 86.09%
Common Stock GBX6.63 Million 0.72%
Other Comprehensive Income GBX7.21 Million 0.78%
Other Components GBX114.29 Million 12.41%
Total Equity GBX920.76 Million 100.00%

Law Debenture Corp Competitors by Market Cap

The table below lists competitors of Law Debenture Corp ranked by their market capitalization.

Company Market Cap
GETINGE -B- - Dusseldorf Stock Exchang
DU:GTN
 		$178.07K
ARMATURA S.A.
RO:ARM
 		$178.20K
Shinhan DJIA Futures ETN(H)
KO:500009
 		$178.25K
Kisses From Italy Inc
PINK:KITL
 		$178.27K
ABERFORTH SM.COS TR.LS-01
F:0KJ
 		$177.78K
ARCTIC BLUE BEVERAGES AB
F:U5L
 		$177.75K
Richards Group Inc.
TO:RIC
 		$177.68K
Sydinvest Globale EM-Aktier KL
CO:SYIGEAADKK
 		$177.49K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Law Debenture Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 854,229,000 to 920,764,000, a change of 66,535,000 (7.8%).
  • Net income of 96,951,000 contributed positively to equity growth.
  • Dividend payments of 43,012,000 reduced retained earnings.
  • Share repurchases of 1,230,000 reduced equity.
  • New share issuances of 12,408,000 increased equity.
  • Other comprehensive income increased equity by 4,538,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX96.95 Million +10.53%
Dividends Paid GBX43.01 Million -4.67%
Share Repurchases GBX1.23 Million -0.13%
Share Issuances GBX12.41 Million +1.35%
Other Comprehensive Income GBX4.54 Million +0.49%
Other Changes GBX-3.12 Million -0.34%
Total Change GBX- 7.79%

Book Value vs Market Value Analysis

This analysis compares Law Debenture Corp'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: 156.68x
  • 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 647.30x to 156.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 GBX1.71 GBX1104.00 x
2003-12-31 GBX2.06 GBX1104.00 x
2004-12-31 GBX2.32 GBX1104.00 x
2005-12-31 GBX2.89 GBX1104.00 x
2006-12-31 GBX3.34 GBX1104.00 x
2007-12-31 GBX3.46 GBX1104.00 x
2008-12-31 GBX2.26 GBX1104.00 x
2009-12-31 GBX2.90 GBX1104.00 x
2010-12-31 GBX3.49 GBX1104.00 x
2011-12-31 GBX3.33 GBX1104.00 x
2012-12-31 GBX3.84 GBX1104.00 x
2013-12-31 GBX4.83 GBX1104.00 x
2014-12-31 GBX4.87 GBX1104.00 x
2015-12-31 GBX4.72 GBX1104.00 x
2016-12-31 GBX5.61 GBX1104.00 x
2017-12-31 GBX6.33 GBX1104.00 x
2018-12-31 GBX5.66 GBX1104.00 x
2019-12-31 GBX6.56 GBX1104.00 x
2020-12-31 GBX6.15 GBX1104.00 x
2021-12-31 GBX7.24 GBX1104.00 x
2022-12-31 GBX6.59 GBX1104.00 x
2023-12-31 GBX6.58 GBX1104.00 x
2024-12-31 GBX7.05 GBX1104.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Law Debenture Corp 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): 10.53%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 57.59%
  • • Asset Turnover: 0.15x
  • • Equity Multiplier: 1.22x
  • Recent ROE (10.53%) is above the historical average (8.68%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 20.74% 79.59% 0.21x 1.26x GBX25.91 Million
2004 14.78% 68.80% 0.17x 1.24x GBX13.04 Million
2005 22.32% 77.73% 0.24x 1.22x GBX41.85 Million
2006 15.84% 71.92% 0.19x 1.16x GBX22.95 Million
2007 6.79% 47.88% 0.12x 1.16x GBX-13.08 Million
2008 -46.16% 0.00% -0.28x 1.25x GBX-149.63 Million
2009 25.94% 74.83% 0.29x 1.18x GBX54.59 Million
2010 20.33% 76.78% 0.23x 1.15x GBX42.63 Million
2011 -1.07% -19.85% 0.05x 1.17x GBX-43.26 Million
2012 17.01% 75.95% 0.20x 1.14x GBX31.67 Million
2013 23.46% 83.46% 0.24x 1.16x GBX76.61 Million
2014 4.27% 47.81% 0.08x 1.16x GBX-32.88 Million
2015 0.13% 2.86% 0.04x 1.25x GBX-54.99 Million
2016 18.76% 81.95% 0.19x 1.22x GBX58.04 Million
2017 14.01% 79.97% 0.15x 1.18x GBX30.04 Million
2018 -8.93% 0.00% -0.04x 1.20x GBX-126.73 Million
2019 16.76% 80.46% 0.18x 1.18x GBX52.41 Million
2020 0.41% 4.35% 0.08x 1.22x GBX-69.75 Million
2021 16.94% 75.59% 0.18x 1.24x GBX60.95 Million
2022 -10.81% -79.83% 0.11x 1.26x GBX-166.25 Million
2023 8.80% 56.35% 0.13x 1.24x GBX-10.27 Million
2024 10.53% 57.59% 0.15x 1.22x GBX4.87 Million

Industry Comparison

This section compares Law Debenture Corp'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
Law Debenture Corp (LWDB) GBX1.06 Billion 20.74% 0.18x $177.97K
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