The Mercantile Investment Trust plc (MRC) - Net Assets

Latest as of July 2025: GBX1.97 Billion GBX ≈ $239.49K USD

Based on the latest financial reports, The Mercantile Investment Trust plc (MRC) has net assets worth GBX1.97 Billion GBX (≈ $239.49K USD) as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.31 Billion ≈ $280.55K USD) and total liabilities (GBX337.43 Million ≈ $41.05K USD). 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. Check how resilient are The Mercantile Investment Trust plc's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX1.97 Billion
% of Total Assets	85.37%
Annual Growth Rate	3.49%
5-Year Change	-1.08%
10-Year Change	6.03%
Growth Volatility	20.75

The Mercantile Investment Trust plc - Net Assets Trend (2004–2025)

This chart illustrates how The Mercantile Investment Trust plc's net assets have evolved over time, based on quarterly financial data. Also explore The Mercantile Investment Trust plc assets under control for the complete picture of this company's asset base.

Annual Net Assets for The Mercantile Investment Trust plc (2004–2025)

The table below shows the annual net assets of The Mercantile Investment Trust plc from 2004 to 2025. For live valuation and market cap data, see market cap of The Mercantile Investment Trust plc.

Year	Net Assets	Change
2025-01-31	GBX1.97 Billion ≈ $239.14K	+5.35%
2024-01-31	GBX1.87 Billion ≈ $226.99K	0.00%
2023-01-31	GBX1.87 Billion ≈ $227.00K	-15.13%
2022-01-31	GBX2.20 Billion ≈ $267.46K	+10.63%
2021-01-31	GBX1.99 Billion ≈ $241.76K	-8.97%
2020-01-31	GBX2.18 Billion ≈ $265.59K	+24.47%
2019-01-31	GBX1.75 Billion ≈ $213.38K	-13.16%
2018-01-31	GBX2.02 Billion ≈ $245.73K	+15.79%
2017-01-31	GBX1.74 Billion ≈ $212.21K	-5.91%
2016-01-31	GBX1.85 Billion ≈ $225.55K	+8.21%
2015-01-31	GBX1.71 Billion ≈ $208.43K	+1.49%
2014-01-31	GBX1.69 Billion ≈ $205.37K	+23.98%
2013-01-31	GBX1.36 Billion ≈ $165.65K	+22.61%
2012-01-31	GBX1.11 Billion ≈ $135.10K	-10.26%
2011-01-31	GBX1.24 Billion ≈ $150.54K	+19.50%
2010-01-31	GBX1.04 Billion ≈ $125.98K	+48.48%
2009-01-31	GBX697.30 Million ≈ $84.84K	-42.28%
2008-01-31	GBX1.21 Billion ≈ $147.00K	-30.72%
2007-01-31	GBX1.74 Billion ≈ $212.18K	+20.68%
2006-01-31	GBX1.44 Billion ≈ $175.81K	+26.25%
2005-01-31	GBX1.14 Billion ≈ $139.26K	+19.78%
2004-01-31	GBX955.51 Million ≈ $116.26K	--

Equity Component Analysis

This analysis shows how different components contribute to The Mercantile Investment 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 grown by 8525300000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (January 2025)

Component	Amount	Percentage
Retained Earnings	GBX85.25 Million	4.34%
Common Stock	GBX23.61 Million	1.20%
Other Comprehensive Income	GBX1.83 Billion	93.27%
Other Components	GBX23.46 Million	1.19%
Total Equity	GBX1.97 Billion	100.00%

The Mercantile Investment Trust plc Competitors by Market Cap

The table below lists competitors of The Mercantile Investment Trust plc ranked by their market capitalization.

Company	Market Cap
CKX Lands Inc NYSE MKT:CKX	$21.15 Million
Transtouch Technology TWO:3623	$21.15 Million
Mahalaxmi Rubtech Limited NSE:MHLXMIRU	$21.16 Million
TWay Holdings KO:004870	$21.17 Million
Kabelindo Murni Tbk JK:KBLM	$21.13 Million
Brill Shoe Industries Ltd TA:BRIL	$21.12 Million
APPIA RARE EARTH+U O.N. F:A0I0	$21.12 Million
The Brand House Collective, Inc. NASDAQ:TBHC	$21.11 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The Mercantile Investment Trust plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,865,619,000 to 1,965,468,000, a change of 99,849,000 (5.4%).
Net income of 241,378,000 contributed positively to equity growth.
Dividend payments of 60,280,000 reduced retained earnings.
Share repurchases of 81,569,000 reduced equity.
Other comprehensive income increased equity by 1,819,986,000.
Other factors decreased equity by 1,819,666,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX241.38 Million	+12.28%
Dividends Paid	GBX60.28 Million	-3.07%
Share Repurchases	GBX81.57 Million	-4.15%
Other Comprehensive Income	GBX1.82 Billion	+92.6%
Other Changes	GBX-1.82 Billion	-92.58%
Total Change	GBX-	5.35%

Book Value vs Market Value Analysis

This analysis compares The Mercantile Investment 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: 102.99x
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 373.15x to 102.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-01-31	GBX0.70	GBX262.50	x
2005-01-31	GBX0.84	GBX262.50	x
2006-01-31	GBX1.09	GBX262.50	x
2007-01-31	GBX1.37	GBX262.50	x
2008-01-31	GBX1.08	GBX262.50	x
2009-01-31	GBX0.68	GBX262.50	x
2010-01-31	GBX1.01	GBX262.50	x
2011-01-31	GBX1.24	GBX262.50	x
2012-01-31	GBX1.12	GBX262.50	x
2013-01-31	GBX1.38	GBX262.50	x
2014-01-31	GBX1.72	GBX262.50	x
2015-01-31	GBX1.74	GBX262.50	x
2016-01-31	GBX1.92	GBX262.50	x
2017-01-31	GBX1.88	GBX262.50	x
2018-01-31	GBX2.41	GBX262.50	x
2019-01-31	GBX2.19	GBX262.50	x
2020-01-31	GBX2.76	GBX262.50	x
2021-01-31	GBX2.51	GBX262.50	x
2022-01-31	GBX2.78	GBX262.50	x
2023-01-31	GBX2.36	GBX262.50	x
2024-01-31	GBX2.36	GBX262.50	x
2025-01-31	GBX2.55	GBX262.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently The Mercantile Investment 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): 12.28%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 98.88%
• Asset Turnover: 0.11x
• Equity Multiplier: 1.17x
Recent ROE (12.28%) is above the historical average (8.02%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	40.89%	95.51%	0.35x	1.21x	GBX295.12 Million
2005	18.03%	91.32%	0.17x	1.15x	GBX91.89 Million
2006	25.26%	94.74%	0.23x	1.14x	GBX220.44 Million
2007	23.12%	95.26%	0.22x	1.11x	GBX228.80 Million
2008	-19.31%	0.00%	-0.15x	1.19x	GBX-354.05 Million
2009	-64.87%	0.00%	-0.49x	1.28x	GBX-522.10 Million
2010	36.53%	95.94%	0.32x	1.18x	GBX274.65 Million
2011	21.41%	94.14%	0.20x	1.16x	GBX141.23 Million
2012	-7.96%	0.00%	-0.05x	1.17x	GBX-199.39 Million
2013	21.25%	99.65%	0.19x	1.15x	GBX153.22 Million
2014	21.95%	99.68%	0.20x	1.11x	GBX201.70 Million
2015	4.23%	98.25%	0.04x	1.12x	GBX-98.91 Million
2016	11.53%	99.24%	0.11x	1.10x	GBX28.44 Million
2017	4.68%	98.12%	0.04x	1.11x	GBX-92.75 Million
2018	20.46%	99.65%	0.19x	1.09x	GBX211.20 Million
2019	-9.23%	0.00%	-0.08x	1.11x	GBX-337.23 Million
2020	22.14%	99.65%	0.20x	1.08x	GBX264.94 Million
2021	-7.23%	0.00%	-0.06x	1.14x	GBX-342.28 Million
2022	12.02%	180.62%	0.06x	1.15x	GBX44.42 Million
2023	-14.76%	0.00%	-0.12x	1.18x	GBX-461.91 Million
2024	4.03%	76.98%	0.04x	1.19x	GBX-111.35 Million
2025	12.28%	98.88%	0.11x	1.17x	GBX44.83 Million

Industry Comparison

This section compares The Mercantile Investment Trust plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $745,852,800
Average return on equity (ROE) among peers: 2.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The Mercantile Investment Trust plc (MRC)	GBX1.97 Billion	40.89%	0.17x	$21.14 Million
3I Infrastructure PLC (3IN)	$1.20 Billion	4.98%	0.15x	$42.14 Million
Albion Enterprise VCT PLC (AAEV)	$61.87 Million	11.55%	0.03x	$3.29 Million
abrdn Asian Income Fund Limited (AAIF)	$431.87 Million	14.17%	0.08x	$5.17 Million
Abrdn Asia Focus PLC (AAS)	$98.67 Million	9.82%	0.09x	$7.49 Million
Albion Technology & General VCT PLC (AATG)	$64.83 Million	5.63%	0.01x	$3.22 Million
Abrdn PLC (ABDN)	$4.56 Billion	10.22%	39.48x	$45.21 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG)	$426.87 Million	6.29%	0.20x	$450.86K
Aquila Energy Efficiency Trust PLC (AEET)	$69.67 Million	-2.91%	0.02x	$261.59K
Aquila European Renewables Income PLC (AERI)	$372.54 Million	-8.03%	0.00x	$79.35 Million
Artemis UK Future Leaders plc (AFL)	$174.91 Million	-21.80%	0.02x	$415.29

About The Mercantile Investment Trust plc

LSE:MRC UK Asset Management

Market Cap

$21.14 Million

GBX173.71 Billion GBX

Market Cap Rank

#24869 Global

#236 in UK

Share Price

GBX262.50

Change (1 day)

+0.38%

52-Week Range

GBX237.00 - GBX270.00

All Time High

GBX270.00