Montanaro European Smaller Companies Trust plc (MTE) - Net Assets
Based on the latest financial reports, Montanaro European Smaller Companies Trust plc (MTE) has net assets worth GBX273.17 Million GBX (≈ $33.24K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX293.83 Million ≈ $35.75K USD) and total liabilities (GBX20.66 Million ≈ $2.51K 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. Read MTE current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX273.17 Million |
| % of Total Assets | 92.97% |
| Annual Growth Rate | 8.86% |
| 5-Year Change | 5.59% |
| 10-Year Change | 173.93% |
| Growth Volatility | 23.97 |
Montanaro European Smaller Companies Trust plc - Net Assets Trend (2004–2025)
This chart illustrates how Montanaro European Smaller Companies Trust plc's net assets have evolved over time, based on quarterly financial data. Also explore Montanaro European Smaller Companies Tru total assets for the complete picture of this company's asset base.
Annual Net Assets for Montanaro European Smaller Companies Trust plc (2004–2025)
The table below shows the annual net assets of Montanaro European Smaller Companies Trust plc from 2004 to 2025. For live valuation and market cap data, see market cap of Montanaro European Smaller Companies Tru.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX291.51 Million ≈ $35.47K |
-6.78% |
| 2024-03-31 | GBX312.72 Million ≈ $38.05K |
+4.25% |
| 2023-03-31 | GBX299.98 Million ≈ $36.50K |
-7.67% |
| 2022-03-31 | GBX324.90 Million ≈ $39.53K |
+17.69% |
| 2021-03-31 | GBX276.06 Million ≈ $33.59K |
+72.41% |
| 2020-03-31 | GBX160.12 Million ≈ $19.48K |
-5.33% |
| 2019-03-31 | GBX169.14 Million ≈ $20.58K |
+12.18% |
| 2018-03-31 | GBX150.78 Million ≈ $18.35K |
+10.82% |
| 2017-03-31 | GBX136.05 Million ≈ $16.55K |
+27.84% |
| 2016-03-31 | GBX106.42 Million ≈ $12.95K |
+11.14% |
| 2015-03-31 | GBX95.75 Million ≈ $11.65K |
-2.97% |
| 2014-03-31 | GBX98.68 Million ≈ $12.01K |
+6.10% |
| 2013-03-31 | GBX93.01 Million ≈ $11.32K |
+14.43% |
| 2012-03-31 | GBX81.28 Million ≈ $9.89K |
-8.51% |
| 2011-03-31 | GBX88.84 Million ≈ $10.81K |
+25.02% |
| 2010-03-31 | GBX71.06 Million ≈ $8.65K |
+66.60% |
| 2009-03-31 | GBX42.65 Million ≈ $5.19K |
-38.24% |
| 2008-03-31 | GBX69.06 Million ≈ $8.40K |
-7.23% |
| 2007-03-31 | GBX74.45 Million ≈ $9.06K |
+17.83% |
| 2006-03-31 | GBX63.18 Million ≈ $7.69K |
+2.54% |
| 2005-03-31 | GBX61.62 Million ≈ $7.50K |
+25.76% |
| 2004-03-31 | GBX48.99 Million ≈ $5.96K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Montanaro European Smaller Companies 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 (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX9.47 Million | 3.25% |
| Other Components | GBX282.04 Million | 96.75% |
| Total Equity | GBX291.51 Million | 100.00% |
Montanaro European Smaller Companies Trust plc Competitors by Market Cap
The table below lists competitors of Montanaro European Smaller Companies Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Octava Minerals Ltd
AU:OCT
|
$2.71 Million |
|
JPmorgan US Smaller Companies Investment Trust PLC
LSE:JUSC
|
$2.71 Million |
|
Capella Minerals Ltd
V:CMIL
|
$2.71 Million |
|
FAT Brands Inc
NASDAQ:FAT
|
$2.71 Million |
|
VR Resources Ltd
V:VRR
|
$2.70 Million |
|
HYDRIX Ltd
AU:HYD
|
$2.70 Million |
|
Evergold Corp
V:EVER
|
$2.70 Million |
|
Performance One AG
XETRA:PO1
|
$2.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Montanaro European Smaller Companies Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 312,720,000 to 291,508,000, a change of -21,212,000 (-6.8%).
- Net loss of 4,237,000 reduced equity.
- Dividend payments of 2,273,000 reduced retained earnings.
- Share repurchases of 14,702,000 reduced equity.
- Other comprehensive income decreased equity by 254,733,000.
- Other factors increased equity by 254,733,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-4.24 Million | -1.45% |
| Dividends Paid | GBX2.27 Million | -0.78% |
| Share Repurchases | GBX14.70 Million | -5.04% |
| Other Comprehensive Income | GBX-254.73 Million | -87.38% |
| Other Changes | GBX254.73 Million | +87.38% |
| Total Change | GBX- | -6.78% |
Book Value vs Market Value Analysis
This analysis compares Montanaro European Smaller Companies 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: 108.52x
- 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 736.96x to 108.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | GBX0.23 | GBX167.00 | x |
| 2005-03-31 | GBX0.29 | GBX167.00 | x |
| 2006-03-31 | GBX0.34 | GBX167.00 | x |
| 2007-03-31 | GBX0.43 | GBX167.00 | x |
| 2008-03-31 | GBX0.40 | GBX167.00 | x |
| 2009-03-31 | GBX0.25 | GBX167.00 | x |
| 2010-03-31 | GBX0.43 | GBX167.00 | x |
| 2011-03-31 | GBX0.54 | GBX167.00 | x |
| 2012-03-31 | GBX0.47 | GBX167.00 | x |
| 2013-03-31 | GBX0.56 | GBX167.00 | x |
| 2014-03-31 | GBX0.59 | GBX167.00 | x |
| 2015-03-31 | GBX0.58 | GBX167.00 | x |
| 2016-03-31 | GBX0.64 | GBX167.00 | x |
| 2017-03-31 | GBX0.81 | GBX167.00 | x |
| 2018-03-31 | GBX0.90 | GBX167.00 | x |
| 2019-03-31 | GBX1.01 | GBX167.00 | x |
| 2020-03-31 | GBX0.96 | GBX167.00 | x |
| 2021-03-31 | GBX1.63 | GBX167.00 | x |
| 2022-03-31 | GBX1.80 | GBX167.00 | x |
| 2023-03-31 | GBX1.58 | GBX167.00 | x |
| 2024-03-31 | GBX1.65 | GBX167.00 | x |
| 2025-03-31 | GBX1.54 | GBX167.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Montanaro European Smaller Companies 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): -1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.01x
- • Equity Multiplier: 1.07x
- Recent ROE (-1.45%) is below the historical average (9.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 40.78% | 94.36% | 0.37x | 1.16x | GBX15.08 Million |
| 2005 | 22.02% | 91.19% | 0.21x | 1.13x | GBX7.40 Million |
| 2006 | 20.79% | 90.17% | 0.21x | 1.10x | GBX6.82 Million |
| 2007 | 16.07% | 88.29% | 0.16x | 1.14x | GBX4.52 Million |
| 2008 | -5.50% | 0.00% | -0.02x | 1.16x | GBX-10.70 Million |
| 2009 | -55.48% | 0.00% | -0.51x | 1.07x | GBX-27.93 Million |
| 2010 | 41.44% | 95.39% | 0.38x | 1.14x | GBX22.34 Million |
| 2011 | 20.85% | 87.59% | 0.21x | 1.15x | GBX9.64 Million |
| 2012 | -12.40% | 0.00% | -0.09x | 1.16x | GBX-18.20 Million |
| 2013 | 16.15% | 95.47% | 0.15x | 1.14x | GBX5.72 Million |
| 2014 | 6.89% | 90.12% | 0.07x | 1.14x | GBX-3.07 Million |
| 2015 | -2.36% | 0.00% | -0.02x | 1.11x | GBX-11.83 Million |
| 2016 | 11.20% | 93.22% | 0.10x | 1.19x | GBX1.28 Million |
| 2017 | 22.70% | 97.39% | 0.20x | 1.16x | GBX17.28 Million |
| 2018 | 10.68% | 94.76% | 0.10x | 1.15x | GBX1.03 Million |
| 2019 | 11.70% | 95.64% | 0.12x | 1.05x | GBX2.87 Million |
| 2020 | -4.67% | 0.00% | -0.04x | 1.06x | GBX-23.48 Million |
| 2021 | 38.99% | 99.20% | 0.38x | 1.03x | GBX80.03 Million |
| 2022 | 5.57% | 94.73% | 0.06x | 1.05x | GBX-14.40 Million |
| 2023 | -7.73% | 0.00% | -0.07x | 1.05x | GBX-53.18 Million |
| 2024 | 4.68% | 80.23% | 0.06x | 1.03x | GBX-16.64 Million |
| 2025 | -1.45% | 0.00% | -0.01x | 1.07x | GBX-33.39 Million |
Industry Comparison
This section compares Montanaro European Smaller Companies 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 |
|---|---|---|---|---|
| Montanaro European Smaller Companies Trust plc (MTE) | GBX273.17 Million | 40.78% | 0.08x | $2.70 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 Montanaro European Smaller Companies Trust plc
Montanaro European Smaller Companies Trust plc is an open ended equity mutual fund launched and managed by Montanaro Investment Managers Ltd. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of small-cap companies listed on London Stock Exchange. The fund seeks to benchmark th… Read more