Lowland Investment Co
Lowland Investment Company plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of com… Read more
Lowland Investment Co (LWI) - Net Assets
Latest net assets as of March 2025: £332.11 Million GBP
Based on the latest financial reports, Lowland Investment Co (LWI) has net assets worth £332.11 Million GBP as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (£383.96 Million) and total liabilities (£51.86 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 | £332.11 Million |
| % of Total Assets | 86.49% |
| Annual Growth Rate | 5.99% |
| 5-Year Change | 39.83% |
| 10-Year Change | 9.89% |
| Growth Volatility | 20.55 |
Lowland Investment Co - Net Assets Trend (2000–2024)
This chart illustrates how Lowland Investment Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lowland Investment Co (2000–2024)
The table below shows the annual net assets of Lowland Investment Co from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | £389.63 Million | +11.53% |
| 2023-09-30 | £349.35 Million | +11.60% |
| 2022-09-30 | £313.04 Million | -20.61% |
| 2021-09-30 | £394.29 Million | +41.50% |
| 2020-09-30 | £278.65 Million | -27.79% |
| 2019-09-30 | £385.90 Million | -12.08% |
| 2018-09-30 | £438.93 Million | -0.22% |
| 2017-09-30 | £439.90 Million | +13.69% |
| 2016-09-30 | £386.91 Million | +9.12% |
| 2015-09-30 | £354.56 Million | -2.02% |
| 2014-09-30 | £361.86 Million | +4.22% |
| 2013-09-30 | £347.20 Million | +30.33% |
| 2012-09-30 | £266.40 Million | +24.34% |
| 2011-09-30 | £214.25 Million | +5.29% |
| 2010-09-30 | £203.48 Million | +17.19% |
| 2009-09-30 | £173.63 Million | -2.68% |
| 2008-09-30 | £178.41 Million | -35.33% |
| 2007-09-30 | £275.87 Million | +24.14% |
| 2006-09-30 | £222.22 Million | +16.53% |
| 2005-09-30 | £190.69 Million | +53.25% |
| 2004-09-30 | £124.44 Million | +15.52% |
| 2003-09-30 | £107.72 Million | +30.34% |
| 2002-09-30 | £82.65 Million | -10.05% |
| 2001-09-30 | £91.88 Million | -4.72% |
| 2000-09-30 | £96.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lowland Investment Co'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 258.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | £9.63 Million | 2.47% |
| Common Stock | £6.75 Million | 1.73% |
| Other Comprehensive Income | £311.62 Million | 79.98% |
| Other Components | £61.62 Million | 15.81% |
| Total Equity | £389.63 Million | 100.00% |
Lowland Investment Co Competitors by Market Cap
The table below lists competitors of Lowland Investment Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIORA THERAPEUT.NEW -001
F:4ZU0
|
$1.93 Million |
|
Current Water Technologies Inc
PINK:ENPRF
|
$1.93 Million |
|
Nuwellis Inc
NASDAQ:NUWE
|
$1.93 Million |
|
Hanmi Semiconductor Co. Ltd.
KQ:042700
|
$1.93 Million |
|
Marvel Discovery Corp
OTCQB:MARVF
|
$1.92 Million |
|
Danasupra Erapacific Tbk
JK:DEFI
|
$1.92 Million |
|
Parabellum Resources Ltd
AU:PBL
|
$1.92 Million |
|
Xcyte Digital Corp.
V:XCYT
|
$1.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lowland Investment Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 349,345,000 to 389,633,000, a change of 40,288,000 (11.5%).
- Net income of 57,572,000 contributed positively to equity growth.
- Dividend payments of 17,284,000 reduced retained earnings.
- Other comprehensive income increased equity by 310,618,000.
- Other factors decreased equity by 310,618,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | £57.57 Million | +14.78% |
| Dividends Paid | £17.28 Million | -4.44% |
| Other Comprehensive Income | £310.62 Million | +79.72% |
| Other Changes | £-310.62 Million | -79.72% |
| Total Change | £- | 11.53% |
Book Value vs Market Value Analysis
This analysis compares Lowland Investment Co'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: 114.42x
- 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 354.61x to 114.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-09-30 | £0.47 | £165.00 | x |
| 2004-09-30 | £0.59 | £165.00 | x |
| 2005-09-30 | £0.87 | £165.00 | x |
| 2006-09-30 | £0.92 | £165.00 | x |
| 2007-09-30 | £1.10 | £165.00 | x |
| 2008-09-30 | £0.68 | £165.00 | x |
| 2009-09-30 | £0.66 | £165.00 | x |
| 2010-09-30 | £0.77 | £165.00 | x |
| 2011-09-30 | £0.81 | £165.00 | x |
| 2012-09-30 | £1.01 | £165.00 | x |
| 2013-09-30 | £1.31 | £165.00 | x |
| 2014-09-30 | £1.35 | £165.00 | x |
| 2015-09-30 | £1.32 | £165.00 | x |
| 2016-09-30 | £1.43 | £165.00 | x |
| 2017-09-30 | £1.63 | £165.00 | x |
| 2018-09-30 | £1.62 | £165.00 | x |
| 2019-09-30 | £1.43 | £165.00 | x |
| 2020-09-30 | £1.03 | £165.00 | x |
| 2021-09-30 | £1.46 | £165.00 | x |
| 2022-09-30 | £1.16 | £165.00 | x |
| 2023-09-30 | £1.29 | £165.00 | x |
| 2024-09-30 | £1.44 | £165.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lowland Investment Co 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): 14.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 253.46%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.13x
- Recent ROE (14.78%) is above the historical average (6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 15.09% | 86.24% | 0.13x | 1.31x | £6.34 Million |
| 2005 | 23.10% | 92.37% | 0.19x | 1.29x | £24.99 Million |
| 2006 | 16.42% | 91.31% | 0.16x | 1.10x | £14.26 Million |
| 2007 | 12.59% | 92.67% | 0.13x | 1.08x | £7.14 Million |
| 2008 | -51.00% | 0.00% | -0.41x | 1.19x | £-108.83 Million |
| 2009 | 1.28% | 50.86% | 0.02x | 1.14x | £-15.14 Million |
| 2010 | 18.11% | 93.70% | 0.17x | 1.14x | £16.50 Million |
| 2011 | 8.42% | 85.79% | 0.08x | 1.16x | £-3.39 Million |
| 2012 | 22.80% | 97.38% | 0.20x | 1.15x | £34.10 Million |
| 2013 | 25.13% | 99.42% | 0.22x | 1.15x | £52.54 Million |
| 2014 | 5.44% | 97.23% | 0.05x | 1.14x | £-16.49 Million |
| 2015 | 0.90% | 85.73% | 0.01x | 1.18x | £-32.26 Million |
| 2016 | 10.91% | 98.62% | 0.10x | 1.07x | £3.53 Million |
| 2017 | 14.93% | 98.89% | 0.14x | 1.09x | £21.69 Million |
| 2018 | 2.92% | 94.80% | 0.03x | 1.13x | £-31.08 Million |
| 2019 | -9.72% | 0.00% | -0.08x | 1.14x | £-76.08 Million |
| 2020 | -32.67% | 0.00% | -0.28x | 1.17x | £-118.90 Million |
| 2021 | 33.43% | 99.43% | 0.29x | 1.16x | £92.39 Million |
| 2022 | -20.71% | 0.00% | -0.18x | 1.16x | £-96.13 Million |
| 2023 | 15.11% | 98.57% | 0.13x | 1.14x | £17.85 Million |
| 2024 | 14.78% | 253.46% | 0.05x | 1.13x | £18.61 Million |
Industry Comparison
This section compares Lowland Investment Co's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $417,676,500
- Average return on equity (ROE) among peers: -75.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lowland Investment Co (LWI) | £332.11 Million | 15.09% | 0.16x | $1.92 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $336.86 |
| Abrdn Asia Focus PLC (AAS) | $495.01 Million | 29.59% | 0.13x | $425.44 |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $78.92 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $374.83 Million | -3.39% | 0.20x | $16.18 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $2.19K |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $397.05 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.97 Million |