Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC
Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC is a close-ended equity mutual fund launched and managed by Middlefield International Limited. The fund is co-managed by Middlefield Capital Corporation. It invests in public equity markets of Canada. The fund also invests in real estate investment trusts. It benchmarks the performance of its portfolio against the S&P/TSX Equi… Read more
Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC (MCT) - Net Assets
Latest net assets as of June 2025: GBX143.29 Million GBX
Based on the latest financial reports, Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC (MCT) has net assets worth GBX143.29 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX171.57 Million) and total liabilities (GBX28.28 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 | GBX143.29 Million |
| % of Total Assets | 83.52% |
| Annual Growth Rate | 4.81% |
| 5-Year Change | 30.3% |
| 10-Year Change | N/A |
| Growth Volatility | 18.45 |
Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC - Net Assets Trend (2015–2024)
This chart illustrates how Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC (2015–2024)
The table below shows the annual net assets of Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX142.69 Million | +10.24% |
| 2023-12-31 | GBX129.44 Million | -5.27% |
| 2022-12-31 | GBX136.64 Million | -6.21% |
| 2021-12-31 | GBX145.69 Million | +33.03% |
| 2020-12-31 | GBX109.51 Million | -11.95% |
| 2019-12-31 | GBX124.38 Million | +21.74% |
| 2018-12-31 | GBX102.17 Million | -16.41% |
| 2017-12-31 | GBX122.23 Million | -3.53% |
| 2016-12-31 | GBX126.70 Million | +35.59% |
| 2015-12-31 | GBX93.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC'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 120.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX93.03 Million | 65.20% |
| Common Stock | GBX2.00 | 0.00% |
| Other Components | GBX49.66 Million | 34.80% |
| Total Equity | GBX142.69 Million | 100.00% |
Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC Competitors by Market Cap
The table below lists competitors of Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DDMP REIT Inc
PSE:DDMPR
|
$162.82 |
|
Seraphim Space Investment Trust PLC
LSE:SSIT
|
$162.96 |
|
Global Gold Corporation
PINK:GBGD
|
$163.00 |
|
Subgen AI
ST:SUBGEN
|
$163.21 |
|
Trojan Gold Inc.
F:KC1
|
$162.63 |
|
First State Financial Corporation
PINK:FSTF
|
$162.60 |
|
TIANJIN JIN.PUB.U.H YC-10
F:TL6
|
$162.23 |
|
AMINO TECHNOLOGIES
BE:DWJ
|
$161.74 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 129,439,090 to 142,694,390, a change of 13,255,300 (10.2%).
- Net income of 18,941,694 contributed positively to equity growth.
- Dividend payments of 5,643,294 reduced retained earnings.
- Share repurchases of 43,100 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX18.94 Million | +13.27% |
| Dividends Paid | GBX5.64 Million | -3.95% |
| Share Repurchases | GBX43.10K | -0.03% |
| Total Change | GBX- | 10.24% |
Book Value vs Market Value Analysis
This analysis compares Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC'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: 105.58x
- 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 164.54x to 105.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | GBX0.86 | GBX141.50 | x |
| 2016-12-31 | GBX1.18 | GBX141.50 | x |
| 2017-12-31 | GBX1.15 | GBX141.50 | x |
| 2018-12-31 | GBX0.96 | GBX141.50 | x |
| 2019-12-31 | GBX1.17 | GBX141.50 | x |
| 2020-12-31 | GBX1.03 | GBX141.50 | x |
| 2021-12-31 | GBX1.37 | GBX141.50 | x |
| 2022-12-31 | GBX1.28 | GBX141.50 | x |
| 2023-12-31 | GBX1.22 | GBX141.50 | x |
| 2024-12-31 | GBX1.34 | GBX141.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC 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): 13.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 89.81%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.21x
- Recent ROE (13.27%) is above the historical average (5.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -13.80% | 0.00% | -0.03x | 1.26x | GBX-22.24 Million |
| 2016 | 31.27% | 96.95% | 0.26x | 1.24x | GBX26.95 Million |
| 2017 | 1.13% | 44.29% | 0.02x | 1.30x | GBX-10.84 Million |
| 2018 | -14.32% | 0.00% | -0.10x | 1.20x | GBX-24.85 Million |
| 2019 | 22.22% | 93.98% | 0.19x | 1.21x | GBX15.20 Million |
| 2020 | -8.61% | 0.00% | -0.06x | 1.24x | GBX-20.38 Million |
| 2021 | 28.56% | 95.73% | 0.24x | 1.26x | GBX27.04 Million |
| 2022 | -2.65% | 0.00% | -0.01x | 1.21x | GBX-17.29 Million |
| 2023 | -1.28% | -17.10% | 0.06x | 1.17x | GBX-14.60 Million |
| 2024 | 13.27% | 89.81% | 0.12x | 1.21x | GBX4.67 Million |
Industry Comparison
This section compares Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC'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 |
|---|---|---|---|---|
| Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC (MCT) | GBX143.29 Million | -13.80% | 0.20x | $162.68 |
| 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 |