Montanaro UK Smaller Companies Investment Trust PLC (MTU) - Net Assets

Latest as of March 2025: GBX150.80 Million GBX ≈ $18.35K USD

Based on the latest financial reports, Montanaro UK Smaller Companies Investment Trust PLC (MTU) has net assets worth GBX150.80 Million GBX (≈ $18.35K USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX164.64 Million ≈ $20.03K USD) and total liabilities (GBX13.84 Million ≈ $1.68K 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 Montanaro UK Smaller Companies Investmen (MTU) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX150.80 Million
% of Total Assets	91.59%
Annual Growth Rate	1.91%
5-Year Change	-39.36%
10-Year Change	-21.05%
Growth Volatility	24.62

Montanaro UK Smaller Companies Investment Trust PLC - Net Assets Trend (2000–2025)

This chart illustrates how Montanaro UK Smaller Companies Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Montanaro UK Smaller Companies Investmen for the complete picture of this company's asset base.

Annual Net Assets for Montanaro UK Smaller Companies Investment Trust PLC (2000–2025)

The table below shows the annual net assets of Montanaro UK Smaller Companies Investment Trust PLC from 2000 to 2025. For live valuation and market cap data, see market cap of Montanaro UK Smaller Companies Investmen.

Year	Net Assets	Change
2025-03-31	GBX150.80 Million ≈ $18.35K	-24.25%
2024-03-31	GBX199.08 Million ≈ $24.22K	+3.88%
2023-03-31	GBX191.65 Million ≈ $23.32K	-15.50%
2022-03-31	GBX226.79 Million ≈ $27.59K	-8.80%
2021-03-31	GBX248.67 Million ≈ $30.26K	+30.60%
2020-03-31	GBX190.41 Million ≈ $23.17K	-11.94%
2019-03-31	GBX216.22 Million ≈ $26.31K	-4.89%
2018-03-31	GBX227.34 Million ≈ $27.66K	+7.52%
2017-03-31	GBX211.44 Million ≈ $25.73K	+10.70%
2016-03-31	GBX191.01 Million ≈ $23.24K	+1.05%
2015-03-31	GBX189.02 Million ≈ $23.00K	-4.01%
2014-03-31	GBX196.91 Million ≈ $23.96K	+11.15%
2013-03-31	GBX177.15 Million ≈ $21.55K	+21.21%
2012-03-31	GBX146.15 Million ≈ $17.78K	+3.54%
2011-03-31	GBX141.15 Million ≈ $17.17K	+39.35%
2010-03-31	GBX101.30 Million ≈ $12.32K	+54.43%
2009-03-31	GBX65.59 Million ≈ $7.98K	-35.93%
2008-03-31	GBX102.38 Million ≈ $12.46K	-21.51%
2007-03-31	GBX130.44 Million ≈ $15.87K	+19.93%
2006-03-31	GBX108.76 Million ≈ $13.23K	+44.15%
2005-03-31	GBX75.45 Million ≈ $9.18K	+17.96%
2004-03-31	GBX63.96 Million ≈ $7.78K	+45.37%
2003-03-31	GBX44.00 Million ≈ $5.35K	-40.36%
2002-03-31	GBX73.77 Million ≈ $8.98K	-17.11%
2001-03-31	GBX88.99 Million ≈ $10.83K	-5.33%
2000-03-31	GBX94.01 Million ≈ $11.44K	--

Equity Component Analysis

This analysis shows how different components contribute to Montanaro UK Smaller Companies 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 55700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	GBX557.00K	0.37%
Common Stock	GBX3.35 Million	2.22%
Other Comprehensive Income	GBX127.58 Million	84.61%
Other Components	GBX19.31 Million	12.80%
Total Equity	GBX150.80 Million	100.00%

Montanaro UK Smaller Companies Investment Trust PLC Competitors by Market Cap

The table below lists competitors of Montanaro UK Smaller Companies Investment Trust PLC ranked by their market capitalization.

Company	Market Cap
Eurotex Industries and Exports Limited NSE:EUROTEXIND	$1.48 Million
Pathfinder Ventures Inc V:RV	$1.48 Million
Airesis SA SW:AIRE	$1.49 Million
Foncière Euris SA PA:EURS	$1.49 Million
Sobr Safe Inc NASDAQ:SOBR	$1.48 Million
Internet Gold Golden Lines Ltd TA:IGLD	$1.47 Million
ALPHAHELIX MOL.DIAGN. SK1 F:4MB	$1.47 Million
Digjam Limited NSE:DIGJAMLTD	$1.47 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Montanaro UK Smaller Companies Investment Trust PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 199,082,000 to 150,797,000, a change of -48,285,000 (-24.3%).
Net loss of 13,927,000 reduced equity.
Other comprehensive income increased equity by 121,581,000.
Other factors decreased equity by 155,939,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-13.93 Million	-9.24%
Other Comprehensive Income	GBX121.58 Million	+80.63%
Other Changes	GBX-155.94 Million	-103.41%
Total Change	GBX-	-24.25%

Book Value vs Market Value Analysis

This analysis compares Montanaro UK Smaller Companies 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: 114.07x
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 4470.88x to 114.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-03-31	GBX0.02	GBX104.00	x
2004-03-31	GBX0.35	GBX104.00	x
2005-03-31	GBX0.44	GBX104.00	x
2006-03-31	GBX0.61	GBX104.00	x
2007-03-31	GBX0.73	GBX104.00	x
2008-03-31	GBX0.58	GBX104.00	x
2009-03-31	GBX0.39	GBX104.00	x
2010-03-31	GBX0.61	GBX104.00	x
2011-03-31	GBX0.84	GBX104.00	x
2012-03-31	GBX0.87	GBX104.00	x
2013-03-31	GBX1.06	GBX104.00	x
2014-03-31	GBX1.18	GBX104.00	x
2015-03-31	GBX1.13	GBX104.00	x
2016-03-31	GBX1.14	GBX104.00	x
2017-03-31	GBX1.26	GBX104.00	x
2018-03-31	GBX1.36	GBX104.00	x
2019-03-31	GBX1.29	GBX104.00	x
2020-03-31	GBX1.14	GBX104.00	x
2021-03-31	GBX1.49	GBX104.00	x
2022-03-31	GBX1.35	GBX104.00	x
2023-03-31	GBX1.14	GBX104.00	x
2024-03-31	GBX1.19	GBX104.00	x
2025-03-31	GBX0.91	GBX104.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Montanaro UK Smaller Companies 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): -9.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: -0.08x
• Equity Multiplier: 1.09x
Recent ROE (-9.24%) is below the historical average (6.51%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	33.72%	93.14%	0.32x	1.15x	GBX15.17 Million
2005	19.71%	90.45%	0.19x	1.13x	GBX7.33 Million
2006	29.97%	92.25%	0.29x	1.10x	GBX21.72 Million
2007	17.25%	87.35%	0.18x	1.09x	GBX9.45 Million
2008	-21.71%	0.00%	-0.17x	1.15x	GBX-32.47 Million
2009	-53.75%	0.00%	-0.49x	1.08x	GBX-41.82 Million
2010	38.50%	96.33%	0.36x	1.11x	GBX28.87 Million
2011	29.00%	93.78%	0.28x	1.12x	GBX26.81 Million
2012	4.97%	70.64%	0.06x	1.11x	GBX-7.36 Million
2013	18.78%	99.06%	0.17x	1.09x	GBX15.55 Million
2014	11.18%	98.09%	0.11x	1.08x	GBX2.33 Million
2015	-2.85%	0.00%	-0.02x	1.10x	GBX-24.28 Million
2016	2.60%	89.04%	0.03x	1.15x	GBX-14.14 Million
2017	11.25%	97.61%	0.10x	1.10x	GBX2.63 Million
2018	8.54%	97.23%	0.08x	1.09x	GBX-3.32 Million
2019	-1.41%	0.00%	-0.01x	1.09x	GBX-24.67 Million
2020	-8.76%	0.00%	-0.08x	1.11x	GBX-35.71 Million
2021	26.91%	2393.95%	0.01x	1.10x	GBX42.04 Million
2022	-4.79%	-45.53%	0.10x	1.09x	GBX-33.55 Million
2023	-14.21%	-270.80%	0.05x	1.11x	GBX-46.39 Million
2024	7.57%	86.16%	0.08x	1.10x	GBX-4.84 Million
2025	-9.24%	0.00%	-0.08x	1.09x	GBX-29.01 Million

Industry Comparison

This section compares Montanaro UK Smaller Companies 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
Montanaro UK Smaller Companies Investment Trust PLC (MTU)	GBX150.80 Million	33.72%	0.09x	$1.48 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 UK Smaller Companies Investment Trust PLC

LSE:MTU UK Asset Management

Market Cap

$1.48 Million

GBX12.17 Billion GBX

Market Cap Rank

#29940 Global

#730 in UK

Share Price

GBX104.00

Change (1 day)

+0.48%

52-Week Range

GBX91.80 - GBX105.50

All Time High

GBX157.83