The North American Income Trust plc

LSE:NAIT UK Asset Management
Market Cap
$5.43 Million
GBX44.60 Billion GBX
Market Cap Rank
#49040 Global
#1282 in UK
Share Price
GBX388.50
Change (1 day)
+0.13%
52-Week Range
GBX289.50 - GBX408.50
All Time High
GBX408.50
Categories
Companies in UK Asset Management Banking & Financial
About

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index. It employs activ… Read more

The North American Income Trust plc (NAIT) - Net Assets

Latest net assets as of July 2025: GBX437.98 Million GBX

Based on the latest financial reports, The North American Income Trust plc (NAIT) has net assets worth GBX437.98 Million GBX as of July 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX479.72 Million) and total liabilities (GBX41.74 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 GBX437.98 Million
% of Total Assets 91.3%
Annual Growth Rate -0.88%
5-Year Change 24.62%
10-Year Change 66.7%
Growth Volatility 17.3

The North American Income Trust plc - Net Assets Trend (2000–2025)

This chart illustrates how The North American Income 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 The North American Income Trust plc (2000–2025)

The table below shows the annual net assets of The North American Income Trust plc from 2000 to 2025.

Year Net Assets Change
2025-01-31 GBX467.83 Million +7.18%
2024-01-31 GBX436.48 Million -7.70%
2023-01-31 GBX472.89 Million +5.45%
2022-01-31 GBX448.46 Million +19.46%
2021-01-31 GBX375.42 Million -9.31%
2020-01-31 GBX413.95 Million +3.84%
2019-01-31 GBX398.66 Million +1.79%
2018-01-31 GBX391.65 Million +3.31%
2017-01-31 GBX379.10 Million +35.08%
2016-01-31 GBX280.64 Million -9.26%
2015-01-31 GBX309.27 Million +13.72%
2014-01-31 GBX271.95 Million +12.34%
2013-01-31 GBX242.07 Million +9.83%
2012-01-31 GBX220.41 Million -1.10%
2011-01-31 GBX222.85 Million +9.07%
2010-01-31 GBX204.33 Million +12.58%
2009-01-31 GBX181.49 Million -18.65%
2008-01-31 GBX223.12 Million -50.02%
2007-01-31 GBX446.41 Million -9.00%
2006-01-31 GBX490.57 Million +13.46%
2005-01-31 GBX432.38 Million -4.56%
2004-01-31 GBX453.03 Million +19.28%
2003-01-31 GBX379.81 Million -34.62%
2002-01-31 GBX580.91 Million -8.98%
2001-01-31 GBX638.21 Million +9.32%
2000-01-31 GBX583.78 Million --

Equity Component Analysis

This analysis shows how different components contribute to The North American Income 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 1484.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (January 2025)

Component Amount Percentage
Retained Earnings GBX22.66 Million 4.84%
Common Stock GBX6.35 Million 1.36%
Other Comprehensive Income GBX387.03 Million 82.73%
Other Components GBX51.81 Million 11.07%
Total Equity GBX467.83 Million 100.00%

The North American Income Trust plc Competitors by Market Cap

The table below lists competitors of The North American Income Trust plc ranked by their market capitalization.

Company Market Cap
Tesla Exploration Ltd
PINK:TXLZF
 		$439.26
Rafina Innovations Inc
PINK:VICA
 		$440.50
New Tech Venture S.A.
WAR:NTV
 		$440.65
Pakistan International Bulk Terminal Private Ltd
KAR:PIBTL
 		$440.71
Terra Energy Res
PINK:TRRE
 		$438.45
Chrissworld Ltd
CM:CWLN0000
 		$437.96
Defence Holdings Plc
LSE:ALRT
 		$437.81
Pak Gulf Leasing Company Ltd
KAR:PGLC
 		$437.62

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 436,479,000 to 467,835,000, a change of 31,356,000 (7.2%).
  • Net income of 90,744,000 contributed positively to equity growth.
  • Dividend payments of 15,714,000 reduced retained earnings.
  • Share repurchases of 43,884,000 reduced equity.
  • Other comprehensive income increased equity by 371,280,001.
  • Other factors decreased equity by 371,070,001.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX90.74 Million +19.4%
Dividends Paid GBX15.71 Million -3.36%
Share Repurchases GBX43.88 Million -9.38%
Other Comprehensive Income GBX371.28 Million +79.36%
Other Changes GBX-371.07 Million -79.32%
Total Change GBX- 7.18%

Book Value vs Market Value Analysis

This analysis compares The North American Income 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: 108.89x
  • 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 452.01x to 108.89x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-01-31 GBX0.86 GBX388.50 x
2004-01-31 GBX1.03 GBX388.50 x
2005-01-31 GBX1.04 GBX388.50 x
2006-01-31 GBX1.20 GBX388.50 x
2007-01-31 GBX1.17 GBX388.50 x
2008-01-31 GBX0.65 GBX388.50 x
2009-01-31 GBX0.96 GBX388.50 x
2010-01-31 GBX1.09 GBX388.50 x
2011-01-31 GBX1.29 GBX388.50 x
2012-01-31 GBX1.36 GBX388.50 x
2013-01-31 GBX1.54 GBX388.50 x
2014-01-31 GBX1.67 GBX388.50 x
2015-01-31 GBX1.86 GBX388.50 x
2016-01-31 GBX1.79 GBX388.50 x
2017-01-31 GBX2.62 GBX388.50 x
2018-01-31 GBX2.75 GBX388.50 x
2019-01-31 GBX2.80 GBX388.50 x
2020-01-31 GBX2.91 GBX388.50 x
2021-01-31 GBX2.62 GBX388.50 x
2022-01-31 GBX3.17 GBX388.50 x
2023-01-31 GBX3.37 GBX388.50 x
2024-01-31 GBX3.13 GBX388.50 x
2025-01-31 GBX3.57 GBX388.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently The North American Income 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): 19.40%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 92.04%
  • • Asset Turnover: 0.19x
  • • Equity Multiplier: 1.10x
  • Recent ROE (19.40%) is above the historical average (7.85%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 17.09% 95.86% 0.18x 1.01x GBX32.13 Million
2005 1.73% 51.60% 0.03x 1.00x GBX-35.76 Million
2006 14.06% 95.18% 0.15x 1.00x GBX19.90 Million
2007 2.69% 77.05% 0.03x 1.00x GBX-32.62 Million
2008 -9.69% 0.00% -0.08x 1.01x GBX-43.58 Million
2009 -18.58% 0.00% -0.17x 1.00x GBX-51.74 Million
2010 16.13% 95.80% 0.17x 1.00x GBX12.51 Million
2011 18.29% 96.80% 0.19x 1.00x GBX18.47 Million
2012 4.85% 87.80% 0.06x 1.00x GBX-11.34 Million
2013 10.47% 93.24% 0.11x 1.07x GBX1.13 Million
2014 7.83% 92.17% 0.08x 1.06x GBX-5.90 Million
2015 16.21% 95.58% 0.15x 1.14x GBX19.20 Million
2016 2.05% 71.54% 0.02x 1.16x GBX-22.31 Million
2017 31.82% 98.07% 0.29x 1.13x GBX82.72 Million
2018 6.56% 90.89% 0.07x 1.09x GBX-13.48 Million
2019 4.61% 86.42% 0.05x 1.11x GBX-21.49 Million
2020 5.86% 89.33% 0.06x 1.05x GBX-17.13 Million
2021 -6.41% 0.00% -0.05x 1.11x GBX-61.62 Million
2022 20.93% 97.01% 0.20x 1.09x GBX49.03 Million
2023 8.84% 92.43% 0.09x 1.09x GBX-5.47 Million
2024 -2.10% 0.00% -0.01x 1.09x GBX-52.82 Million
2025 19.40% 92.04% 0.19x 1.10x GBX43.96 Million

Industry Comparison

This section compares The North American Income 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
The North American Income Trust plc (NAIT) GBX437.98 Million 17.09% 0.10x $438.75
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