The North American Income Trust plc (NAIT) - Net Assets
Based on the latest financial reports, The North American Income Trust plc (NAIT) has net assets worth GBX437.98 Million GBX (≈ $53.29K USD) 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 ≈ $58.37K USD) and total liabilities (GBX41.74 Million ≈ $5.08K 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 NAIT total liabilities for a breakdown of total debt and financial obligations.
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. Also explore balance sheet size of The North American Income Trust plc for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is The North American Income Trust plc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | GBX467.83 Million ≈ $56.92K |
+7.18% |
| 2024-01-31 | GBX436.48 Million ≈ $53.11K |
-7.70% |
| 2023-01-31 | GBX472.89 Million ≈ $57.54K |
+5.45% |
| 2022-01-31 | GBX448.46 Million ≈ $54.56K |
+19.46% |
| 2021-01-31 | GBX375.42 Million ≈ $45.68K |
-9.31% |
| 2020-01-31 | GBX413.95 Million ≈ $50.37K |
+3.84% |
| 2019-01-31 | GBX398.66 Million ≈ $48.51K |
+1.79% |
| 2018-01-31 | GBX391.65 Million ≈ $47.65K |
+3.31% |
| 2017-01-31 | GBX379.10 Million ≈ $46.13K |
+35.08% |
| 2016-01-31 | GBX280.64 Million ≈ $34.15K |
-9.26% |
| 2015-01-31 | GBX309.27 Million ≈ $37.63K |
+13.72% |
| 2014-01-31 | GBX271.95 Million ≈ $33.09K |
+12.34% |
| 2013-01-31 | GBX242.07 Million ≈ $29.45K |
+9.83% |
| 2012-01-31 | GBX220.41 Million ≈ $26.82K |
-1.10% |
| 2011-01-31 | GBX222.85 Million ≈ $27.12K |
+9.07% |
| 2010-01-31 | GBX204.33 Million ≈ $24.86K |
+12.58% |
| 2009-01-31 | GBX181.49 Million ≈ $22.08K |
-18.65% |
| 2008-01-31 | GBX223.12 Million ≈ $27.15K |
-50.02% |
| 2007-01-31 | GBX446.41 Million ≈ $54.31K |
-9.00% |
| 2006-01-31 | GBX490.57 Million ≈ $59.69K |
+13.46% |
| 2005-01-31 | GBX432.38 Million ≈ $52.61K |
-4.56% |
| 2004-01-31 | GBX453.03 Million ≈ $55.12K |
+19.28% |
| 2003-01-31 | GBX379.81 Million ≈ $46.21K |
-34.62% |
| 2002-01-31 | GBX580.91 Million ≈ $70.68K |
-8.98% |
| 2001-01-31 | GBX638.21 Million ≈ $77.65K |
+9.32% |
| 2000-01-31 | GBX583.78 Million ≈ $71.03K |
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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 |
|---|---|
|
E Investment & Development
KO:093230
|
$5.69 Million |
|
Intuitive Investments Group Plc
LSE:IIG
|
$5.69 Million |
|
SIXTY SIX CAPITAL INC.
F:5CR0
|
$5.69 Million |
|
Kandal M Venture Limited Class A Ordinary Shares
NASDAQ:FMFC
|
$5.69 Million |
|
Sanwil Holding SA
WAR:SNW
|
$5.68 Million |
|
Sdcl Energy Efficiency Income Trust PLC
LSE:SEIT
|
$5.68 Million |
|
AIxCrypto Holdings, Inc.
NASDAQ:AIXC
|
$5.68 Million |
|
Snail, Inc. Class A Common Stock
NASDAQ:SNAL
|
$5.67 Million |
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: 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 473.54x 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 |
|---|---|---|---|
| 2003-01-31 | GBX0.86 | GBX407.00 | x |
| 2004-01-31 | GBX1.03 | GBX407.00 | x |
| 2005-01-31 | GBX1.04 | GBX407.00 | x |
| 2006-01-31 | GBX1.20 | GBX407.00 | x |
| 2007-01-31 | GBX1.17 | GBX407.00 | x |
| 2008-01-31 | GBX0.65 | GBX407.00 | x |
| 2009-01-31 | GBX0.96 | GBX407.00 | x |
| 2010-01-31 | GBX1.09 | GBX407.00 | x |
| 2011-01-31 | GBX1.29 | GBX407.00 | x |
| 2012-01-31 | GBX1.36 | GBX407.00 | x |
| 2013-01-31 | GBX1.54 | GBX407.00 | x |
| 2014-01-31 | GBX1.67 | GBX407.00 | x |
| 2015-01-31 | GBX1.86 | GBX407.00 | x |
| 2016-01-31 | GBX1.79 | GBX407.00 | x |
| 2017-01-31 | GBX2.62 | GBX407.00 | x |
| 2018-01-31 | GBX2.75 | GBX407.00 | x |
| 2019-01-31 | GBX2.80 | GBX407.00 | x |
| 2020-01-31 | GBX2.91 | GBX407.00 | x |
| 2021-01-31 | GBX2.62 | GBX407.00 | x |
| 2022-01-31 | GBX3.17 | GBX407.00 | x |
| 2023-01-31 | GBX3.37 | GBX407.00 | x |
| 2024-01-31 | GBX3.13 | GBX407.00 | x |
| 2025-01-31 | GBX3.57 | GBX407.00 | 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: $420,069,800
- Average return on equity (ROE) among peers: -11.91%
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 | $5.69 Million |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $123.37 Million | 11.99% | 0.13x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $383.74 Million | 15.87% | 0.12x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $92.02 Million | 11.05% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $250.00 Million | -182.40% | 407.06x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $158.28 Million | -8.46% | 0.01x | $401.50 |
About The North American Income Trust plc
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