Miton UK MicroCap Trust PLC
Miton UK MicroCap Trust plc is a closed-ended equity mutual fund launched and managed by Miton Trust Managers 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 stocks of micro-cap companies having market capitalizations of less than £150 million. Miton UK Micro… Read more
Miton UK MicroCap Trust PLC (MINI) - Net Assets
Latest net assets as of October 2024: GBX39.84 Million GBX
Based on the latest financial reports, Miton UK MicroCap Trust PLC (MINI) has net assets worth GBX39.84 Million GBX as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX39.97 Million) and total liabilities (GBX130.00K). 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 | GBX39.84 Million |
| % of Total Assets | 99.67% |
| Annual Growth Rate | -4.07% |
| 5-Year Change | -39.03% |
| 10-Year Change | N/A |
| Growth Volatility | 43.0 |
Miton UK MicroCap Trust PLC - Net Assets Trend (2016–2024)
This chart illustrates how Miton UK MicroCap Trust 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 Miton UK MicroCap Trust PLC (2016–2024)
The table below shows the annual net assets of Miton UK MicroCap Trust PLC from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | GBX43.30 Million | -28.73% |
| 2023-04-30 | GBX60.75 Million | -38.93% |
| 2022-04-30 | GBX99.47 Million | -14.72% |
| 2021-04-30 | GBX116.65 Million | +64.27% |
| 2020-04-30 | GBX71.01 Million | -17.12% |
| 2019-04-30 | GBX85.68 Million | -27.80% |
| 2018-04-30 | GBX118.67 Million | +6.67% |
| 2017-04-30 | GBX111.25 Million | +84.21% |
| 2016-04-30 | GBX60.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Miton UK MicroCap Trust 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX127.00K | 0.29% |
| Other Components | GBX43.17 Million | 99.71% |
| Total Equity | GBX43.30 Million | 100.00% |
Miton UK MicroCap Trust PLC Competitors by Market Cap
The table below lists competitors of Miton UK MicroCap Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
XNSA:STERLINGNG
|
$48.96 |
|
EPISTEM HOLD
BE:D6M
|
$49.01 |
|
Blue Note Mining Inc
PINK:BLNMF
|
$49.18 |
|
Mesa Home Resources Inc
PINK:MHRE
|
$49.19 |
|
Orient Telecoms
LSE:ORNT
|
$48.67 |
|
Dovarri Inc
PINK:DVAR
|
$48.44 |
|
SILVER GRANT INTL (YSG.SG)
STU:YSG
|
$48.36 |
|
Jaywing PLC
LSE:JWNG
|
$48.26 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miton UK MicroCap Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,754,000 to 43,297,000, a change of -17,457,000 (-28.7%).
- Net loss of 7,876,000 reduced equity.
- Dividend payments of 142,000 reduced retained earnings.
- Other comprehensive income decreased equity by 59,815,000.
- Other factors increased equity by 50,376,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-7.88 Million | -18.19% |
| Dividends Paid | GBX142.00K | -0.33% |
| Other Comprehensive Income | GBX-59.81 Million | -138.15% |
| Other Changes | GBX50.38 Million | +116.35% |
| Total Change | GBX- | -28.73% |
Book Value vs Market Value Analysis
This analysis compares Miton UK MicroCap Trust 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: 85.11x
- 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 108.94x to 85.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-04-30 | GBX0.39 | GBX42.90 | x |
| 2017-04-30 | GBX0.72 | GBX42.90 | x |
| 2018-04-30 | GBX0.69 | GBX42.90 | x |
| 2019-04-30 | GBX0.56 | GBX42.90 | x |
| 2020-04-30 | GBX0.50 | GBX42.90 | x |
| 2021-04-30 | GBX0.96 | GBX42.90 | x |
| 2022-04-30 | GBX0.91 | GBX42.90 | x |
| 2023-04-30 | GBX0.63 | GBX42.90 | x |
| 2024-04-30 | GBX0.50 | GBX42.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miton UK MicroCap Trust 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): -18.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.17x
- • Equity Multiplier: 1.00x
- Recent ROE (-18.19%) is below the historical average (-4.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 16.38% | 108.94% | 0.15x | 1.00x | GBX7.09 Million |
| 2018 | 7.82% | 94.47% | 0.08x | 1.00x | GBX-2.59 Million |
| 2019 | -22.96% | 0.00% | -0.22x | 1.00x | GBX-28.24 Million |
| 2020 | -9.37% | 0.00% | -0.08x | 1.00x | GBX-13.76 Million |
| 2021 | 51.64% | 97.62% | 0.52x | 1.01x | GBX48.57 Million |
| 2022 | -15.18% | 0.00% | -0.15x | 1.00x | GBX-25.05 Million |
| 2023 | -46.21% | 0.00% | -0.45x | 1.00x | GBX-34.15 Million |
| 2024 | -18.19% | 0.00% | -0.17x | 1.00x | GBX-12.21 Million |
Industry Comparison
This section compares Miton UK MicroCap Trust 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 |
|---|---|---|---|---|
| Miton UK MicroCap Trust PLC (MINI) | GBX39.84 Million | 16.38% | 0.00x | $48.88 |
| 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 |